Homes Fort Mill SC

Rates went up this week as the stock market had a strong week. Current 30 Year Fixed rates are hovering around 6.00% but can easily range between 6.00% and 6.50% depending on credit score and loan program. ARM pricing is still weak. The 7/1 ARM rates are about the same as 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.

The mortgage bond market is near unchanged right now.

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 (more…)

Carmen Miller a Realtor in Fort Mill, Tega Cay Sc area has made a change in domain names to better position her real estate blog in the fast past internet blog market. Carmen’s old blog address was (more…)

WBT Radio based in Charollete, NC reported this week that US home values plunged 8.4%. But the Charlotte area maintained a plus 3% home value growth. The Charoltte Metro area includes Fort mill, tega cay and Lake Wylie SC.This information was based on data through November 2007 sales. Experts predict some softening of values in the coming months in our area. (more…)

The National Association of Realtors® announced in their latest homes sales forecast that existing home sales are projected to trend up in 2008 while recovery of new home sales is unlikely before 2009. (more…)

I don’t hear much talk from home owners about the South Carolina property tax cut that went into effect fall 2007. Carmen and I were happy after looking at our lower property tax bill a few months ago. I did a Google search today and found  a couple articles about the tax cut. Mike Terry, a Mount Pleasant real estate agent, had a blog post about the tax cut or should I say tax swap. Here is a portion of his post:

South Carolina Homeowners get a tax cut
Posted at Charleston’s Home Port by Mike Terry
Sep. 4, 2007

WHAT THE TAX SWAP MEANS TO YOU
A recent study by the Strom Thurmond Institute at Clemson University analyzed how the tax swap a 1-cent-a-dollar increase in the state’s sales tax to pay for property tax relief on owner-occupied homes would affect homeowners and renters. Here’s what the study concluded:

Most homeowners will pay less in taxes. The increase in the amount of sales tax for most homeowners will be less than the property tax relief they’ll get.

All renters will pay more in taxes. Rental housing does not qualify for property tax relief under the bill. But everyone, renters included, will pay more in sales taxes.

Homeowners in school districts with higher property tax rates will receive more tax relief than those with lower tax rates.

Homeowners with modest incomes and modest homes will benefit less than homeowners with higher incomes and more expensive homes.

Click to read more of Mike Terry’s blog post about the tax cut.

I found another article (more…)

Regardless if you are looking to purchase or sell a home in Tega Cay, or Fort Mill you will find that the quality of life, the cost of living and the school systems offer both buyers and sellers the opportunity to maximize their investment. According to the New York Times and other national publications and programs, such as CNN, (more…)