- Blog Archive: December, 2018

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December 2018

There are 2 blog entries for December 2018.

Real Estate Rules of the Road-House Hunting 101

• Assume every home we view has cameras. Your comments could be going directly to the seller.

• On average home buyers look at 12 homes before making an offer.

• Every resale home will have a sellers disclosure filled out by the seller. This of course does not take the place of a home inspection.

• Closings typically take 30 days from date of fully executed contract. During that time we will schedule the home, termite and radon  inspections. The lender will schedule the appraisal.

• Closings here happen at attorney’s offices.

• Earnest money checks are typically 1% of the offer price.

• Property taxes for owner occupied homes AVERAGE $700 per $100,000 of home tax accessed value. Non

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One month left to go before we wrap up 2018 and the Greenville Real Estate market remains strong. Inventory levels have been pretty consistent throughout 2018 and are low compared to historic numbers. Interest rates have risen off their lows but continue to be attractive.

According to the Greenville SC MLS there are currently 3,200 single family homes for sale with 1,150 of these being new or to be built homes. That means 36% of the total for sale inventory is new or to be built. During the month of November there were 924 single family homes sold for an average price of $235,930 which represented a 2% discount off list price. These homes sold in an average of 52 days on market. Year to date there have been 11,338 single family homes sold which is

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