This month's E-Newsletter has a very timely article for those of you thinking of selling your property. Come to think of it, it may be helpful to some sellers as well. It's called "Don't Let An Over-priced Home Be a Humbling Lesson." To read it click here
I don't know if any other Realtors are experiencing this or not but all of a sudden I have buyers looking at property, both investment property condos and villas in the resort areas around Charleston) and residential property...this for families that are moving to the area on a permanent basis.
Not only that, I am experiencing a lot of activity on some of my well priced listings. Guess I may have just answered my own question.
Below is an interesting article on the Housing Industry and one bit of good news admist all the doom and gloom of late.
Lampert Puts Money On Housing Rebound Stakes Being Taken In Battered Builders, Lenders and Retailer
By GARY MCWILLIAMSJune 12, 2008; Page C4
Billionaire hedge-fund manager Edward S. Lampert is placing new bets on a U.S. housing recovery, buying stakes in beaten-up home builders, mortgage lenders and a home-improvement retailer.
Mr. Lampert's ESL Investments Inc., which owns half of department-store giant Sears Holdings Corp. and 40% of car retailer AutoNation Inc., has previously focused with mixed success on retail and bank stocks.
Recently, the Greenwich, Conn., hedge fund, which controls investments it valued at about $11.6 billion in its most recent government financial report, began picking up shares in hard-hit housing-related stocks. ESL acquired small stakes in U.S. home builders Centex Corp. and KB Home, according to its latest Securities and Exchange Commission filings. At recent prices, the stakes in the two home builders are valued at $10.4 million and $10.8 million, respectively. ESL also is tip-toeing into mortgage origination and servicing, acquiring about four million shares of CIT Group Inc., a struggling subprime home and commercial lender, as well as 1.4 million shares of PHH Corp., a mortgage originator and mortgage-service company. The shares are valued currently at about $35.5 million and $25.2 million, respectively. ESL spokesman Steve Lipin declined to comment on the investments.
Mr. Lampert's purchases come as some analysts think the housing market's decline may be nearing an end.
In another bet on a housing turnaround, Mr. Lampert this spring increased his stake in Atlanta-based home-improvement retailer Home Depot Inc. ESL now holds about 22.7 million shares valued at $590 million, up from 16.7 million shares last year.
You know the old adage: nothing is really free. Well, this time I must disagree. I have 4 great lot listings that come with the homes thrown in. Check them out here. All are listed at or slightly above lot value with perfectly liveable homes included. How can you beat that?! Two of them actually have tenants, so for you investors out there, this is a win win situation. Let me know which ones you would like to see and when!
As we look harder and serve better buyers, we've found that video is one of the tools buyers want to see more. No more previewing from the back seat of an SUV - at least not so much.
Here's a quick video on 57 Grand Pavilion in Wild Dunes. Enjoy.
About Betty Poore's Charleston Coast, SC Real Estate Website: The www.charlestoncoasthomefinder.com web site provides Charleston, Seabrook Island, Kiawah Island, Folly Beach, James Island, Sullivans Island, Isle of Palms, Dewees Island, Daniel Island, Mount Pleasant and the Charleston Coast, South Carolina real estate information and resources to guide homeowners, homebuyers and real estate investors through the process of selling and buying a house, condo or other realty property in the Charleston Coast area. Betty Poore Sometimes spelled as Bettye, Betti, Bettie, Bety, Beti, Betie, Poor, Pore, Porre, Pour, or Poure has services to help you get the best value for your Charleston Coast home and this website offers home buyers and home sellers a superior comparative market analysis (CMA), a way to view real estate and MLS IDX listings including virtual tours, prepare your home for sale, and more. Investors looking for real estate investment properties to invest in need look no farther. Anyone selling a home, buying a home or seeking housing can learn more about our realty services, and will appreciate working with a Charleston Coast REALTOR who knows the area so well. Through trusted partners, we also provide real estate and financial services to consumers looking for houses for sale or selling their home in Charleston Coast, SC, such as mortgages, credit history, new homes, foreclosures and other services. If you've already tried to go the for sale by owner (FSBO) route and find you are needing a partner who you can trust in the sale of your most precious asset, Betty Poore can take care of your special needs. It really doesn't matter if you spell it REALTOR, Realator or Realter, realty, realety or reality, real estate or realestate, Betty speaks your language.
