What Caused the Mortgage Meltdown in South Carolina? The Housing Crisis in Columbia?

FSBO, Lake Murray, Midlands, Richland, ballentine, bank of america, blythewood, bofa, buyer, buying, chapin, columbia, cow lady, credit, first time, first time buyer, home, home owner, house, housing market, irmo, jeffcoat, kathy smith, lexington, mortgage, prices, problems, real estate, realtor, relo, relocation, russell, sc, seller, selling, south carolina No Comments

For those of you who have read this blog for a while, you know I think the whole concept of having some sort of meltdown or crisis in the real estate economy is a bunch of “hooey”.  Perhaps I’m a bit spoiled, here in Columbia, South Carolina where the market is basically insulated from any wild swings in property values.  However, for those that are convinced we are in crisis mode, this two-part video is just for you.


Part One:  

Be sure to click “read the rest” to see part two of this fascinating report!

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Preparing Yourself Mentally to Sell Your House

FSBO, Lake Murray, Midlands, Richland, activity, ballentine, blythewood, chapin, columbia, cow lady, home, home owner, house, housing market, irmo, jeffcoat, kathy smith, lexington, prices, real estate, realtor, relo, relocation, russell, sc, seller, selling, south carolina No Comments

Kathy Smith realtor preparing your house for sale, Columbia, SCOkay, maybe it isn’t that melodramatic, but you should prepare yourself mentally and sometimes emotionally for selling your home. 

While those of us in South Carolina (especially the Columbia marketplace) aren’t experiencing some of the roller coaster emotions that others in this nation are, it is still a good idea to know what you are about to enter into before putting that “For Sale” sign in the yard.

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Reality Check for Columbia, South Carolina’s Real Estate Market

FSBO, Lake Murray, Midlands, Richland, ballentine, blythewood, buyer, buying, chapin, columbia, cow lady, credit, first time, first time buyer, home, home owner, house, housing market, irmo, jeffcoat, kathy smith, lexington, mortgage, open house, prices, real estate, realtor, relo, relocation, russell, sc, seller, selling, south carolina No Comments

Home for saleWhat exactly is the current situation in the Columbia or also known as the Midlands, South Carolina housing market? I researched the period of November 1 - November 30th to see where we stand as a marketplace. I have looked at the entire market, from Columbia to Irmo, Chapin and Lexington, Blythewood to Newberry County to Kershaw County to Aiken and Orangeburg.

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Defects, Disclosures and Home Inspections in South Carolina

FSBO, Lake Murray, Midlands, Richland, ballentine, blythewood, buyer, buying, chapin, columbia, cow lady, drainage, first time, first time buyer, foundation, home, home owner, house, housing market, irmo, jeffcoat, kathy smith, lexington, maintenance, prices, problems, real estate, realtor, russell, sc, seller, selling, south carolina No Comments

inspectorSo, you’re ready to take on finding that perfect home here in Columbia. Talking with your Realtor, they mention things about latent defects, state disclosures and home inspections - but what does it all mean?

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Help! I’m “Upside Down” in My House!

FSBO, Lake Murray, Midlands, Richland, ballentine, blythewood, chapin, columbia, cow lady, home, house, housing market, irmo, jeffcoat, kathy smith, lexington, mortgage, prices, real estate, realtor, relo, relocation, russell, sc, selling, south carolina No Comments

What the heck does “upside down” or “inequity position” mean and is a “short sale” an easy fix? Find out about some of the details for Columbia’s homeowners from Kathy here.

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icon for podpress  Help! I'm "Upside Down" in My House! [6:54m]: Play Now | Play in Popup | Download (23)

NEIGHBORHOOD SPOTLIGHT: Riverwalk in Irmo, SC

FSBO, Lake Murray, NEIGHBORHOOD SPOTLIGHT, Riverwalk, ballentine, buyer, buying, columbia, first time, first time buyer, home, house, housing market, irmo, jeffcoat, kathy smith, mortgage, prices, real estate, realtor, relo, relocation, russell, sc, selling, south carolina No Comments

 

For our first neighborhood spotlight, I thought we’d stroll through the Riverwalk subdivision.  Conveniently located in Irmo, SC, this nearly 800 home community was developed by Mungo Homes in the early 1990s.  Another major builder for this subdivision was Rymarc Homes.  Priced at an entry level price point, Riverwalk is affordable for first time buyers as resales are currently being priced Read the rest…

What are the “Three Zones” That Can Make or Break a Sale?

FSBO, Lake Murray, Midlands, Richland, Riverwalk, ballentine, blythewood, chapin, columbia, cow lady, home, house, housing market, irmo, jeffcoat, kathy smith, lexington, prices, real estate, realtor, relo, relocation, russell, sc, selling, south carolina No Comments

This isn’t a podcast about how to sell your home quickly using a real estate agent’s canned, technology-infused, patented selling system. It won’t buy your house if it doesn’t sell in 90 days. However, if these zones are ignored, it could mean you may not be able to sell your home at all (or if you do it will be at a huge discount).

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icon for podpress  What are the "Three Zones" That Can Make or Break a Sale? [7:39m]: Play Now | Play in Popup | Download (13)

Homes ARE Affordable in Irmo, SC!

FSBO, Lake Murray, Midlands, Richland, ballentine, buyer, buying, chapin, columbia, cow lady, first time, first time buyer, home, house, housing market, irmo, jeffcoat, kathy smith, lexington, mortgage, prices, real estate, realtor, relo, relocation, russell, sc, selling, south carolina No Comments

I just happened to be surfing through the CNN/Money website tonight, and stumbled upon the report which details the 25 “Most Affordable” Housing Markets. Well, right there at number 12 is our very own Irmo!

So much for keeping our little secret anymore. I guess that means more folks will want to know more about this “EER-mo”, “Eye-MOH”, however it is pronounced city. (For those who want to know, it’s pronounced “IHR-MO”.)
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Welcome to Kathy Smith’s Real Estate Blog and Podcast Site!

FSBO, Lake Murray, Midlands, Riverwalk, ballentine, blythewood, buyer, buying, chapin, columbia, cow lady, first time, first time buyer, fun, home, house, housing market, irmo, jeffcoat, kathy smith, lexington, mortgage, prices, real estate, realtor, relo, relocation, russell, sc, selling, south carolina No Comments

Greetings to everyone who visits my real estate blog and podcast site.  I have decided to take the plunge and “open a dialogue” to those of you with an abiding interest in the real estate market of Columbia, South Carolina. I hope that you will find these podcasts and blog of interest and that I can assist you with your real estate needs in some way.  As you probably have noticed, there is already a podcast uploaded to the site.
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The Midlands’ Housing Market

FSBO, Lake Murray, Midlands, Richland, ballentine, blythewood, buyer, buying, chapin, columbia, cow lady, first time, first time buyer, home, house, housing market, irmo, jeffcoat, kathy smith, lexington, mortgage, prices, real estate, realtor, relo, relocation, russell, sc, selling, south carolina No Comments

Just what is going on with the current real estate market in Columbia, South Carolina? Kathy approaches this topic in her typical “No Bull” style.

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icon for podpress  The Midlands' Housing Market [4:25m]: Play Now | Play in Popup | Download (17)