Blog by Philip Jones

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111 Ashley Circle, N. Augusta, SC

December 30th, 2008

I just finished uploading this Brick for rent, 111 Ashley Circle, N. Augusta, SC

3 BR/2 BA Renovated Home - New Windows, Roof, Hardwood Floors - Kitchen w/ Granite Countertops & Stainless Steel Appliances - Spacious Living Room w/ Bay Window - Screened Back Patio Overlooking Pool

No Need To Panic

December 29th, 2008

NO NEED TO PANIC

          Lately, the news has been focusing on a five year low in existing home sales, the difficulties in the subprime mortgage market, and “jumbo” loans. One would think the whole world of residential real estate is crashing, but that is not true.  The national statistics are just that, “national,” and they reflect conditions in ultra high growth markets where builders ha ...

Add On or Buy?

December 24th, 2008

ADD ON OR BUY?

Homeowners should consider several questions before deciding to add on to an existing home or move up in the market to a house with more square footage.  How much money do you have available for remodeling your current house?  How much additional space do you require?  Is there room to expand on the ground level or will the foundation of your present home support a second floor ...

Four Good Reasons of Refinancing Mortgages

December 22nd, 2008

Four Good Reasons of Refinancing Mortgages

Deciding to refinance your mortgage loan depends on different reasons for different people. It really is going to depend on your situation and knowing the reasons why you want to refinance. Let's look at 3 common reasons people refinance their current mortgage.

1. If you are paying too much every month for your mortgage it may be time to refinance. A ...

Energy Efficiency

December 22nd, 2008

ENERGY EFFICIENCY

     Homebuyers are increasingly concerned about the rising cost of energy.  It is common for buyers to ask about utility costs and the energy efficiency of a home when they are considering buying it.  One way to reduce energy costs is as simple as changing your light bulbs--from standard ones to compact fluorescent bulbs that are designed to fit most standard light fixtures ...

Good News In Face Of Mortgage Problems

December 18th, 2008

GOOD NEWS IN FACE OF MORTGAGE PROBLEMS

            We hear about mortgage banking organizations closing and mortgage products being eliminated. This economic downturn is mostly the result of the relaxed credit activity of subprime lenders over the last six years. The interest rates on these subprime loans are now adjusting to higher rates, making them unaffordable to many investors and homeow ...

Market Conditions

December 15th, 2008

Is it a Buyer's Market or a Seller's Market?

A CMA often includes a Days on the Market (DOM) value for each comparable house sold. When real estate is booming and prices are rising, houses may sell in a few days. Conversely, when the market slows down, average DOM can run into many months. Your real estate professional can tell you whether your area is currently in a buyer's market or a selle ...

Questions To Ask A Prospective Realtor

December 15th, 2008

QUESTIONS TO ASK A PROSPECTIVE REALTOR

            When you buy or sell a home, you want to work with a real estate agent who has the experience and expertise to handle a complex property transaction with a minimum amount of stress.  When choosing a Realtor, you should look for technical competence and interpersonal skills.

            Ask prospective Realtors several questions.  How long hav ...

Options To Help Stop Foreclosure

December 12th, 2008

Options To Help Stop Foreclosure 

If you are having difficulty making your mortgage payments, you run the risk of a possible foreclosure. In order to avoid this from occurring, your lender may offer several possible solutions to help stop foreclosure.

One option may be an interest only payment. Although you won't knock anything off of the principal of your loan, interest only repayment plans ...

Anticipate The Walk-Thru

December 11th, 2008
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