Spartanburg, SC Real Estate News

By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
We can all name at least 10 reasons why buyers and sellers need to work with a professional realtor.  But can you tell them why now more than ever, they need your services? For our Buyer Clients, we walk them through the buying process from finance to close like we do in all market conditions, but more importantly we gather all available information on comparables as well as absorption rates so they get the best price possible with the best terms and conditions.  These are things they likely cannot do on their own and well worth the commission paid.  For our Seller Clients, we not only advise them on comparables but equally set expectations using absorption rates in order to properly position the home based on these market conditions.  We also guide them through staging the home and urg...
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By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
As we watched the dropping of the ball to bring in 2009, I could not help but wonder what we were really celebrating.  Was it the end to one of the worse years in Real Estate or was it the beginning of a year of hope?  Perhaps it was both! For those of us who remain in the business and who will succeed in 2009 we must certainly have taken our lessons from 2008 and changed our business plan and more importantly our attitude in preparation for 2009. We are more focused on monitoring our market, looking for shifts and making mid-course corrections.  We will monitor very closely the results we get from our marketing activities and eliminate those that are not working.  Celebration of the New Year is more than a one day thing.  In order to celebrate the entire year we must have a plan and be...
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By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
2008 is now behind us.  It brought a huge shift in the real estate market as well as the economy.  Many potential home buyers were eliminated from the purchase pool due to more stringent regulations and credit requirements.  Others just wanted to wait until they were sure the economy was stable. 2009 is now upon us and Home Buyers are asking, "Is now the RIGHT time to purchase a new home?"  We don't have a Crystal Ball, however; based on current statistics for our market it would appear that we have bottomed out.  Interest Rates are at historic lows with most under 5%.  There is still a good inventory of homes to choose from and many sellers are motivated to get their home sold.  With all that information, we believe it's a Great time to buy! Most predictions for our market are that inv...
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By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
It may just be the time of year?  We received a Christmas card from a client we worked with in the fall.  They wanted more space for their 2 young boys and felt they needed at least 5 acres.  They also had a home to sell first but wanted to know what was on the market that may meet their need before they listed their home. After locating several properties that would work for them we visited each property.  As you might expect, they fell in love with one of the properties and wanted to move forward.  The next day we met with them to get their property on the market.  They had visited the bank and were told they could get a bridge loan and purchase their dream home.  After presenting them with the current market statistics, which indicated that their home may be on the market for 12-18 m...
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By Jean Terry
(Keller Williams Realty Spartanburg, S.C.)
It is always a sad time when I start to take my Christmas decorations down and store them away for another year. You never know when or who may not be here next year, and you never know it might be me. A lot could happen before time to pull the decorations out another time. The house looks so drab after the holidays. I will miss the lights.
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By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
For us, the best part of any Holiday is spending time with our family and friends and creating special memories.  We have five children and one grandchild and they are spread all over the country.  We were fortunate to have many of them visit for the holidays and truly enjoyed our time together.  It's easy for some to get caught up in the material side of Christmas; and don't get me wrong, that can be fun too.  But for us, and I'm sure for many of you family means everything!  So take some time this Holiday season to make some special memories.
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By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
$1.6 Billion could have perhaps saved 200,000 foreclosures.  Yes, that's only $8,000 each, but there are many homeowners that could have remained in their homes if that assistance had been available when we dish out the $188 Billion to 116 Banks. Instead, $1.6 Billion (OUR MONEY!) went to pay bank executives who averaged $2.6M in salary, bonuses and benefits despite their poor results.  I would be willing to bet they all still have their homes this Christmas. As my Grandfather would say, "It just ain't right".
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By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
OK, I was lead to believe that all this money that was sent to banks to bail them out would eventually end up as mortgages for home buyers.  And with the fed rate dropping to almost nothing and a strong bond market, interest rates are well under 5%, so where are the buyers.  Yes, I understand that you must have a job to qualify for a loan to purchase a home and there are many who no longer have a job.  But this does not account for the lack of buyers.  Two real problems that I have with the Bail Out:  It's not the government's money it's the tax payer's money.  It's My money and YOUR money.  Second, if the money is not going to assist those going into foreclosure and those who can qualify to purchase the home, then where is it?  Can anyone Show Me the Money??
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By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
Charles Darwin, along with many others including Aristotle, theorized that the species didn't just happen, but evolved through time.  Darwin believed that a "special event" occurs that causes a new population of a species or even a different species through a process of natural selection. The crisis in our economy, and especially in the Real Estate Community, is certainly a "Special Event".  If Darwin were here I believe he would predict the realtor of the future (perhaps of the same species) would differ greatly from their ancestors and through the process of natural selection they would evolve as sought after and trusted advisors.  I sure hope he is right!      
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By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
The Real Estate business continues to amaze us.  In other businesses, when you hit a slump you double your efforts.  You find the things that no longer generate results and you stop doing them.  You focus on the things you can do that will bring short term success.  The things you have been doing to improve your likely hood of long term success are placed on the back burner.  You find ways to cut cost without causing a negative impact on your bottom line. Yet, in this business, we see agents continue to do the same things the same old way and blame the lack of business on the "market conditions".  Homes continue to go on the market for sale and homes are sold every day.  The market has shifted and there are fewer transactions, but it's not dead! For those of you who have doubled your ef...
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By Maria Tascon, Spartanburg SC Short Sale Specialist
(Keller Williams Realty Spartanburg)
  I stumbled upon a Food Network channel program while I was eating dinner tonight.  To my surprise, Spartanburg's Inn on Main was being featured in the Gingerbread House Challenge, which takes place every year at the Grove Park Inn, in Asheville, NC.  This year, the gingerbread houses will be on display from November 19, 2008 to January 11 2009 Monday through Thursday.  Better yet, make dinner reservations during the weekend to have access to display from Friday through Sunday.  This will event will definitely be in my to do list for this season... Even though I later realized that the program was a rerun, t was very nice to see how Spartanburg has been featured more that once in the Food Network and also magazines such as This Old House, Southern Living, etc.    Maria Tascon
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By Sandy Childs, Realtor - Spartanburg, SC
(Keller Williams Realty)
Well, it's official, my license now says Broker. The classes were attended, the tests studied for, the math was mastered and the tests were passed. The Broker designation can now be added to my business cards, along with ABR, ASR, GRI, CRS   and ReLo Specialist. I really enjoyed re-visiting the subject material and I really enjoyed the classes, after all, my degree is in education. Whether or not South Carolina becomes an all broker state still remains unknown, at this time. Personally, I would like to see reaching agent status become more difficult. Hopefully, this would weed out a lot of the problems that we have all encountered, whether we are agents, clients or customers. I would like to see this profession branded with the same respect that doctors and other educated professionals ...
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By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
You know them; we all know them.  They have 3 or 4 transactions each year.  They rarely answer their phone and many don't return your calls.  Some even have other full time jobs!  They spend most of their time running the children to various events and sometimes sell real estate.  Now they find that those easy closings are gone and they're just lucky to get 1 or 2.  They are barely able to pay their monthly fees and dues.  It's not a business it's a hobby. Well, all this is about to change.  The market conditions have shifted and they must decide if they want to mingle with other realtors at the office while they wait for the phone to ring, or just give it up.  Most will finally realize that, outside of the social side, it's just not worth it.  Some already have and with the renewals du...
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By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
We have talked with a number of potential clients who say, "I think we'll wait until after the holidays to put our house on the market".  They continue with, "it's too much hassle over the holidays" or "the market is not very good now and it should be better in the spring" or " what difference will a couple of months make?". Clearly they don't understand that homes will be sold over the next 6 weeks and even more importantly, those looking for a home now, are motivated buyers.  Believe me, if they were not motivated they would be doing something other than looking at houses.  They would be preparing for the holidays like everyone else! But, they need to purchase a home and if your home is not on the market the possibilities of them purchasing your home is ZERO! If they really want to ge...
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By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
Black Friday is that day after Thanksgiving when, it seems, everyone is shopping.  It's a scary day for me and I avoid it.  The reality is, it's the day when many retailers get out of the red and begin to make a profit.  Yes, anything they earn from that day forward to the end of the year is profit.  It's also the day when many realtors decide their vacation begins and they are going to sit back until the first of the year.  Sometime in January they will start their business up for the next year. On the other side of the coin, Black Friday is when shoppers seek bargains for items they need to purchase.  This holds true for real estate.  You see those who are shopping for homes this time of year are not window shopping.  In most cases they need to buy a home.  They had rather be getting ...
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By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
The single largest cause for disputes and arbitration is Procuring Cause.  We believe it is completely avoidable if you do your client consultation thoroughly.  Because it's a simple process we don't understand why these disputes happen so frequently. •1.    Review Agency Law. •2.    Review Buyer Agency Contracts. •3.    Ask - "Are you currently working with an agent and do you have a Buyer Agency agreement with them?" •4.    Ask - "At an earlier time, did you have a Buyer Agency agreement with another agent and if so, do you have a written release?" •5.    Ask - "Have other agents shown you properties?" •6.    Ask - "Which properties and do they still have interest in purchasing any of them?" As hard as it may be, if you don't like the answers you get, consult your Broker.  It's much b...
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By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
Every couple of years we have our mandatory ethics classes and every time we are just amazed with the things Realtors do that get them in big trouble. Listing agents that present low priced comparables in order to get a below market property that will sell quickly and buyers agents that give their clients high comparables for quick sales are just a couple examples.  Then there was the commercial agent who priced an estate property with an out of town owner at 20% of market value, had a friend purchase it for him and then sold it for 5 times the purchase price. Then, you have to love it when they try to convince everyone that they "did nothing wrong".  Sorry I don't buy it.  Greed appears to be the driving force behind their poor decision making instead of doing the right thing with hone...
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By Maria Tascon, Spartanburg SC Short Sale Specialist
(Keller Williams Realty Spartanburg)
Hello: My name is Maria Tascon and I finally got the courage to write my first blog.  I am at our Keller Williams office in Greenville Central, and with the help of our very own blogging expert Kirk Westervelt, we are learning how to get up and running in the blogging world.  Stay tunned! Maria Tascon Real Estate Consultant Keller Williams Realty 864-357-1022
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By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
I've become very frustrated because we have not seen any positive results from the Billions of tax dollars given to bailout our financial institutions, and now the Automotive Industry?!  Yes, I agree that our automotive industry, and many others need help.  But all this started with the collapse of the housing industry, so when will we see results? The automotive industry needs to make a lot of changes in order to compete in the world market.  These changes have been late in coming and the fact that consumers are not purchasing automobiles will not change their excessive labor cost and inefficient manufacturing practices. Besides, before the public starts purchasing cars, the Real Estate Industry must get back on it's feet!  So Congress.....When do we begin to benefit?
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By Yvette Gardner
(Keller Williams Realty, Spartanburg, SC)
In a Shifting Market it is easy to Panic when business turns down.  Many who panic lose focus, become disoriented or just continue doing what they have been doing expecting a different result.  Others evaluate the issues and devise a new plan of action that will net the desired results. They analyze the current market data; take a look at their current practices of prospecting and the results they are currently getting.  They look at their marketing plan and the results it is generating.  They also look at their budget and areas where they can reduce expenses (which should have been done months ago). In essence, they redesign their business plan based on what activities will get them the best results and improve both income and cash flow.  All of this is followed by the most important p...
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