NEWS FLASH -Carmen is adding virtual tours of her listings to You Tube. See Carmen's You Tube page. http://youtube.com/user/sdmiller9
Things are picking up! 3 homes now under contract or sale pending!
$659,900
Gorgeous full brick home on Tega Cay Golf Course! Enjoy the spaciousness of a three story home, the luxury of golf course living and the wonderful ameneties of a lake community. This home offers gorgeous wood floors, formals, a gourmet kitchen, a grand morning room, five bed/five baths, and an amazing back yard setting complete with a custom deck, hot tub, a wonderful play yard and much more!
1716 Bentgrass Lane Tega Cay, SC. 29708
BRAND NEW HOME IN BETHELFIELDS!
$ 214,900
This home has never been occupied and offers a wonderful opportunity! Located within easy access to HWY 49, only minutes from I-77 and close to schools and shopping. Enjoy a versitile floorplan with a formal living or dinning, large family room, well appointed kitchen, sunroom with loads of windows, a main floor office, open loft or bonus, huge master bedroom and nicely appointed master bath with garden tub and separate shower, plus two additional bedrooms and full bath. Private back yard!
1786 CaneBrook Glen Dr
York, SC 29745
Rates improved a little this week. I am still concerned about inflation and many analysts think that oil prices might reach $200. Let’s hope not. The continued rise of the oil prices will negatively effect mortgage bonds. Current 30 Year Fixed rates are hovering around 5.75% but can easily range between 5.625% and 6.25% depending on credit score and loan program. ARM pricing is still weak but has improved. The 7/1 ARM rates are about .50% better than the 30 Year fixed rates. It should get to about a 1% lower than the 30 Year Fixed before the value is the worth the risk.
100% Programs
GONE. The only way to buy right now without any down payment is with some time of down payment assistance. FHA loans are back in the spotlight!
STATED INCOME
Agency Stated programs are back!!! We can offer conforming pricing on
stated income programs again… the only drawback is 75% max financing.
NO DOC loans are no longer available in NC
INVESTMENT Programs Read the rest of this entry →
I wrote a post recently about a rumor all Fort Mill Schools are in an enrollment freeze. Here is a link to the posts Fort Mill Schools Freeze Enrollment?
As I stated that was simply not true. In the post I mentioned therewill be 2 new elementray schools. Well the Fort Mill School District Board has approved names for the district’s newest elementary schools. The elementary located adjacent to Nation Ford High will be known as Sugar Creek Elementary.
Sugar Creek Elementary
Capacity - 900
Location - off Farm House Rd.
Adjacent to Nation Ford High
A second elementary now under
construction on Pleasant Road will be known as Pleasant Knoll
Elementary. Read the rest of this entry →
I have had many request to see the change in home sales data for Tega Cay from this year to last. So here is the latest info.
| TEGA CAY REAL ESTATE MARKET ANALYSIS | |||
| 2007 Vs. 2008 | |||
| January through April | |||
| 2007 | TOTAL SALES | DAYS ON MARKET | LIST TO SALES RATIO |
| Single Family | 56 | 114 | 97% |
| Townhomes | 7 | 96 | 99% |
| 2008 | TOTAL SALES | DAYS ON MARKET | LIST TO SALES RATIO |
| Single Family | 35 | 153 | 93% |
| Townhomes | 2 | 234 | 94% |
| Source- Piedmont Regional MLS | |||
Single Family homes had a 37.5 % drop in the number of home sold to last year. It is now taking on the average 153 days to sell a home which is approximately a 34% increase in days. The good news is the selling price to listing price ratio only changed 4% and is still in the 90’s.
Rates improved this week as economic reports came in stronger than expected. I am still concerned about inflation. Current 30 Year Fixed rates are hovering around 5.75% but can easily range between 5.625% and 6.25% depending on credit score and loan program. ARM pricing is still weak but has improved. The 7/1 ARM rates are about .25% better than the 30 Year fixed rates. It should get to about a 1% lower than the 30 Year Fixed before the value is the worth the risk.
100% Programs
GONE. The only way to buy right now without any down payment is with some time of down payment assistance. FHA loans are back in the spotlight!
STATED INCOME
These programs are rare but still exist. You must be self-employed, and the credit must be pretty good. Rates for these programs range from 6.375% to 7.25% for fixed rate loans. NO DOC loans are no longer available in N.C.
Lights, camera, action! Carmen Miller’s home listings have hit the big time and gone video. I was going to say Hollywood but would be a bit too much.
Carmen has been very pleased with her partnership with Obeo. Obeo offers her clients with high quality photography, 360 degree room views and much more. We decided to take Obeo’s great photos one step further. In keeping up with the internet power of promoting homes for sale we decided to produce picture videos using the high quality Obeo photos and post the videos to many popular video sharing web sites.
Here is a sample of what we are doing:
Read the rest of this entry →
Recent rains has Lake Wylie looking full these days. See an earlier post called Lake Wylie at Full pond. So many local residents have been wondering when the stage 3 water restrictions set last fall would be lifted.
Rock Hill and Fort Mill have recently reduced restrictions so it was time for the Tega Cay City Council to decide if they would follow suit. Tega Cay Councilman Les Conner said although the lake is up, ground water levels are still low and challenged whether they should reduce restrictions. But the council voted last Monday to allow residents to water lawns again. Read the rest of this entry →
Crescent Resources, known as Crescent Communities appears to be on a roll as it relates to developing master planned home communities in and around Fort Mill, SC. and Lake Wylie.
The 640 acre Springfield Community in the north part of Fort Mill began development winter of 2006. Crescent Resources announced last March the opening of a new development across from the 1300 acre Sanctuary community called Chapel Cove. Chapel Cove is planed for 250 home sites on 291 acres. It is located off of Shopton Road West in Mecklenburg county NC on the shores of Lake Wylie.
Currently, Crescent Resources in conjunction with a partnership called the Allison Creek Partners is in the planning mode for a massive 2300 acre development on the north and south sides of Big Allison Creek on Lake Wylie. This project is in the rezoning phase with York County. And Crescent plans to develop an additional 460-acre tract at the southern arm of Crowder’s Creek. Read the rest of this entry →
The Fort Mill School District is rated 9 out of a high score of 10 by greatschools.net. See the ranking of each school on my Fort Mill Info page . One of the reasons those of us who have school age kids picked the Fort Mill or Tega Cay area to live is because of the great public school system.
Rumor has hit with a handful of neighboring Realtors® all Fort Mill Schools are now on a new enrollment freeze. This is absolutely not true!
Yes two elementary schools which are Gold Hill and Orchard Park are currently in a new enrollment freeze. New students will be enrolled in Riverview Elementary. The distirct will fill any available seats that may open over the summer.
New to the freeze list is Springfield Elementary. Any new students after June 2008 will be enrolled to Fort Mill Elemenrary. Read the rest of this entry →
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