Spartanburg, SC Real Estate News

By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
The landscape of Real Estate has, and will continue to change.  Small real estate companies are merging, being acquired or going out of business.  Large franchises are closing offices and many are in financial difficulty with insurmountable debt.  Most have fewer agents and have lost market share.  Many will not make it through this housing crisis.  House On Fire! Most owners of these companies don't share financial data with the agents, closed book company, so the agents don't know the degree of financial trouble they are in.  They simply wake up on morning and find that their company no longer exists. In some cases you can smell the smoke and then there are flames.  Some will depart at the first signs of a fire, while others will vanish in the flames.  Simple question, will you be lef...
Comments 0
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
We have been asked by our local MLS to distribute this warning regarding a scam.  Please also feel free to pass it on.  Columbia, SC - With so much news about economic stimulus packages and the country's economic recovery plans, consumers are hoping some of this stimulus money will funnel down to them. This is the perfect opening for con artists to try to scam the vulnerable. The South Carolina Department of Consumer Affairs (SCDCA) has received numerous reports of scams using the stimulus package - each with a different twist - to steal personal information and/or money. One of the more brazen twists uses President Barrack Obama's image to persuade consumers. SCDCA has received a number of forwarded emails from alert consumers who are suspicious of the offer. The mail, featuring a phot...
Comments 0
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
There has been a lot of "Buzz" about foreclosures and short sales.  It is estimated that as many as 40% of home sales will fall into one of these categories in the next 12 months.  As many agents change the focus of their business to take advantage of these opportunities others stick to the core business. Either way, it's Opportunity Time for all who strive to have a successful real estate business, both now and in the future.  We believe those who survive this downturn will be stronger and more dominant when things improve.  While others leave the business, those who succeed will increase market share.  If they do it right, their market share will grow as the market grows and their future success is only limited by their desire, commitment and passion to succeed. It truly is "Opportuni...
Comments 3
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
We believe that most home owners don't understand how the $8,000 tax credit will benefit them.  The Government believes that first time buyers will purchase existing homes which will allow existing home owners to move up to larger more expensive homes and so forth. This domino effect will therefore reduce inventories and stimulate the housing market and pull the economy out of the recession.  It makes sense in that $100K homes would be purchased by first time home buyers allowing those sellers to move into $200K homes and so forth.  The only problem with this plan is that they are counting on these first time buyers to be credit worthy and have saved the money they need for down payments and closing cost.  However, many of these potential purchasers are part of the "got-to-have-it-now" ...
Comments 0
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
Many of you may remember when you had a Hometown Bakery and about 2 p.m. on Sunday afternoon all remaining baked goods would go on sale.  It helped the owners clear out inventory and purchasers would take advantage of the lower prices.  Usually if you didn't make your purchase by 4 p.m. all of the really good ones were gone. That is the current Real Estate Market!  And buyers need to get their shopping done early before all of the really good one's are gone.  Just think about it; Prices are Great, Interest Rates are Great, and the Inventory is abundant.  In this Shifting Market things change at a rapid pace and this opportunity will not last forever.  For first time home buyers there is even more incentive as they have to close on their purchase by December 1st or lose their $8,000 tax ...
Comments 0
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
When you're moving to a new area it can be a pretty daunting task.  You really need to have someone you can trust in your new location that knows the area and is qualified to answer all of your questions or at least get you going in the right direction.  You also need to do your homework prior to the move. There are several key areas that will affect you bottom line in terms of money when purchasing your new home: •·         Learn about the culture of the new city's real estate market.  It's crucial to know whether homes in the new location typically sell close to the asking price or substantially below.  Know what items normally convey.  Learn about local taxes as it's related to your purchase and make sure you investigate zoning and neighborhood use restriction. •·         Believe it ...
Comments 0
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
Two Irishmen were sitting in a four engine plane flying back from a shopping trip to Paris when the captains voice came over the loudspeaker. "Ladies and Gentlemen, one of the engines appears to have failed. There's nothing to worry about but we will be 15 minutes late in landing at Gatwick."Five minutes later he said, "Nothing to worry about, ladies and Gentlemen, but one of the other engines has failed, and we will now be an hour late."A moment later, "Er...sorry about this ladies and gentlemen, but the third engine has also given up the ghost and we will now be two hours later than expected."One of the Irishmen tapped his friend on the shoulder. "Good heavens, Patrick, do you realize that if the other engine fails, we'll be here all night?"  
Comments 4
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
Tonight we're having our bi-monthly Thank You Tuesday.  We invite agents (from all companies)that we've had transactions with in the past (or hope to in the future) for some appetizers and a drink to "say thank you for all you do to make the real estate transaction a success and for bringing the standards of our Industry to the highest level of Professionalism."  It's been a great success in the past and it's really nice to be able to share ideas and experiences in a relaxed environment.  
Comments 0
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
My interruption of the 60 MINUTE interview with FED Chairman Bernake is that the recession will be over by the end of the year and we will see a strong economy in 2010 with sustained growth for the future.  Does this mean we've hit bottom? He points the finger of failure to the financial markets that took huge risks in lending money to people who were not credit worthy and investors purchasing these securities in the Sub-Prime market.  I don't believe anyone would dispute that the lack of regulation and the practices of these companies is at the core of the problem and better regulation and supervision is needed.  However, is it possible we are going too far in the other extreme? There are many "credit worthy" people who are turned away from lending institutions.  These are not only hom...
Comments 2
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
According to the National Association of Realotrs and Baylor University School of Business the 2008 Survey of Buyers and Sellers revealed the following traits that consumers look for when:  Choosing a Realtor: Buyers and Sellers chose their Realtor® based on •·         Honesty and trustworthiness •·         Reputation (referrals) •·         Friend, relative or neighbor •·         Knowledge, caring and good listener •·         Only 4% were chose because of their company affiliation  Seller Services: Why Sellers used a Realtor® •·         Establishing Fair Market Value •·         Internet Marketing Capabilities •·         Handling Contracts •·         Positioning the home in competitive markets •·         Negotiations •·         Contract to Closing (inspections and repairs)  Attracting Bu...
Comments 0
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
Although the Upstate (of South Carolina) has not been exposed to the same fate as many other parts of the country, we are in a Buyer's Market.  There's a surplus of new and existing homes and there are fewer potential purchasers for the homes that are available.  It is indeed a great time to purchase. Unlike a Seller's Market, with low inventories and lots of potential buyers, you have to do more than place a sign in the front yard.  You have to properly position your home based on the competitive offerings with the right price and the right product. For the sellers, they face a challenge in positioning their home in order to get it sold in the shortest amount of time and at a fair market value.  Most home owners don't understand that they must get their home "Pristine" both inside and ...
Comments 0
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
We're really big golf fans.  We love to play, we love to watch it and we love to go to tournaments.  We're really excited that Tiger is back.  He may not be completely back on his game but what does everyone expect after not playing for months.  Even so, he still brings a lot of excitement to the game when he pulls off spectacular shots. For all you golf fans out there, enjoy the tournament this weekend.
Comments 7
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
Our friend's daughter is getting married today.  It's rainy, cold and just messy outside.  I hope that they are able to look past the bad weather and cherish this day for what it represents.  We of course wish them a wonderful beginning as they start a new journey together.  Some might even consider the rain a blessing.  I know I do!
Comments 6
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
I know a lot of people think that Friday the 13th is an unlucky day but I must disagree.  First of all, I have a son who was born on the 13th; so how on earth can that be unlucky!  Yesterday we put a house under contract that although it was a gorgeous home on a breathtaking lot, it was still in a price range with a four year supply.  We had it on the market for 6 weeks.  I could go on and on about good things that happen on Friday the 13th but I won't.  Like everything else it's just a state of mind!!
Comments 6
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
It's only in the last 6 months or so that we've recognized the value of staging.  We have a number of vacant listings and staging makes a lot of difference on that first impression.  We understand that the point of staging is to de-personalize a home so that a buyer can envision themselves living in the house but a vacant home is too extreme. Vacant homes feel cold and uninviting, especially in the winter when it's cold outside and perhaps not too sunny.  It doesn't take a lot either.  For the homes that are still occupied it has also made a huge difference.  I would love to hear about your staging experiences; good or bad!
Comments 5
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
Art Auction and Oyster Roast to Benefit Glenn Springs Academy When - Tonight - March 12, 2009 from 7pm - 10pm at Carolina Country Club Pavilion.  Tickets are $30.00 and include entertainment, food, beer and wine.  There will be chili too for those that don't like oysters.  Live music by Blind Vision and a silent auction from local artists.  To purchase tickets call Glenn Springs Academy at 864-583-4367 ext. 124. 
Comments 0
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
For those of you who are golfers or know golfers here's an idea for a good way to give to your individual community.  Among my other titles, I'm also a board member for our Women's Golf Association.  Every year we encourage our friends and neighbors to cleann out their closets and garages of all that old golf equipment that they no longer use.  We donate it to our local First Tee.  If you don't know about The First Tee, it's a World Golf Foundation initiative dedicated to providing young peopleof all backgrounds an opportunity to develop life enhancing values through sportsmanship and golf.  We believe it's a good cause and hope you do too.
Comments 0
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
Yes, it is the lyrics of a song, but it makes sense.  How many realtors do you meet that have no positive thoughts?  The market stinks, their relationships are falling apart, their customers are leaving them for other realtors, their deals are falling through and so forth. I can almost guarantee that without a change in attitude, their life and business will remain the same.  They will continue to fail and as the failures mount all areas of their life will be impacted. We're taking a different approach when we are around others.  Instead of asking, "How are you?", or "How are things going?" we'll simply say "Tell Me Something Good!"  If they have no positive response, we'll run - and you should too!!
Comments 5
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
We've been in Corporate Management for over 30 years and have seen a number of excellent people fail because they got in the way of their success.  In almost every case it was a matter of Attitude.  By that I mean their mindset is such that they can't see opportunities coming their way, or even worse, they get out of the way and let them pass by. The Real Estate Business is equally challenging.  In our business we are independent contractors and in most cases stand alone exposed to challenges that can make or break our business every day.  Many have no one to turn to for reinforcement and to keep on track.  Many don't see how dramatically our business has changed and continue to rely on practices of years past. Unless you welcome change, maintain a positive attitude and focus on things ...
Comments 0
By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
Perhaps it's our age.  Yes, our children are grown and our Granddaughter is now 7 years old.  Or perhaps it's the way we were raised.  Our belief system that a man's word was his bond and that the decisions we make in life will impact the life after. Many of our clients are younger and most are the same age as our children.  When we look at them we see how important their decisions in life are and that their real estate transaction is likely the most important financial decision they will make in their life. Yes, we treat them like family.  We inform them; we shelter them from harm and guide them through the process.  So perhaps that's why 80% of our business comes from referrals. 
Comments 0