May 2008 Archives

According to HouseHunt.com, a popular online portal of real estate information, the Rock Hill area continues to have a positive real estate market outlook. It was in the top 10 of South Carolina cities in terms of growth and the close proximity to Charlotte, NC, a strong economy, extraordinary schools, and low taxes are main attractions.

Some additional information provided in the report includes:

 Buyers’ or Sellers’ Market:  More buyers than sellers

Average Time on Market:  More than 120 days

Housing Inventory:  Good supply, all prices

Average Home Prices:  $200,000

Compared to last year:  Up 0-5%

Prices As % of Asking Price:  95-100%

Multiple Offers:  Yes

Greatest Activity:  Move-up buyers

Housing Hot Spots: This area is booming with new urban lifestyle choices, such as The Palisades, The Sanctuary, Baxter Village and Springfield. There are many new developments in Lake Wylie, Fort Mill and Rock Hill, in all types and ranges. Lake Wylie properties are still affordable, so don’t miss your chance!

Reason to Buy/Sell:  Job Growth

The Baxter Village office of Keller Williams was recently recognized in the Rock Hill Herald, our local paper, for having a ‘fresh appeal’ for both home buyers AND sellers, as well as real estate agents.

“At a time when motivation, support, and knowledge have never been more important in the real estate industry, Keller Williams has carved out its own niche in York County.

The Fort Mill office of Keller Williams has quickly become the region’s fastest-growing real state firm, with more than 100 agents based there.”

You can download a copy of the full feature HERE.

Filed under Carolina Real Estate, Fort Mill SC, Rock Hill SC by  #

The Cotton Factory in downtown Rock Hill, a 20,000 square-foot facility that was renovated last fall, will be receiving a new tenant early next month. Springs Creative, a Rock Hill-based textile designer announced today that it will relocate it’s operations to the Cotton Factory. The new office will house 50 employees and serve as the company’s design center and be home to the company’s consumer products group.

This new addition is certain to help the downtown Rock Hill area and will hopefully encourage other businesses to move into the downtown area.

You can read the entire article from the Rock Hill Herald right HERE.

Even though the Rock Hill/Fort Mill, SC real estate market remains strong in comparison to other areas of the country, there’s no doubt it’s currently a buyer’s market. So if you have a home you’re thinking about selling or already have on the market, here are a few suggestions to help you get the quickest sales, at the highest price possible.

First, take a look at what else is on the market and figure out what you can do to make your’s stick out. If 9 out of 10 homes aren’t selling, look at the 1 that is and do what they did. In most cases, I imagine it’s selling because it’s in the best condition, has the fewest repairs needed, or does the best job of helping potential buyers living there without too much hassle. Your home needs to match that criteria.

Second, be sure to get high quality photos that really highlight your home’s features. Nowadays, roughly 85% of home searches begin online and in most cases, the homes that have the most pictures available are the ones that get the most action. That’s because people like to do as much work online as possible before actually hitting the pavement.

If you only have one or two pictures, they’re not very high quality, or they don’t do anything to excite potential buyers, chances are your home will sit on the market longer than it should.

Third, price your home to sell. Don’t make the mistake of thinking you need to price your home high in order to get the most at the closing table because again, it will end up sitting on the marketing longer than it should.

To avoid overpricing your home, take a look at comparable properties that have sold recently in your area. Then take into account any positives or negatives that could impact the price. Negatives include bad locations (next to a busy intersection, liquor store next door, etc.), a bad layout, or a high foreclosure rate in your neighborhood. Positives could include recent upgrades like hardwood floors or granite counter tops, a neighborhood pool with low home owner’s dues, or a quiet neighborhood with close proximity to local ammenities.

Fourth, employ a multi-faceted marketing plan. There isn’t one single marketing tool that is guaranteed to sell your home so it’s important to employ many different tools and methods. Some people will find your house simply driving around your neighborhood, some will find it via online searches for ‘Rock Hill Fort Mill SC homes’, and others will find it through the classified ads in the Saturday paper. Because of all the different ways people search for homes, it’s critical to make sure your home can be found in these locations.

Finally, consider listing your home with a qualified, experienced real estate agent. A good agent will have access to all the tools and resources necessary to sell your home quickly and for top dollar. Just as potential home buyers find homes in different ways, there are different types of agents. Each agent will have her own style and methods so it’s important to carefully interview any agent you’re considering to ensure a good fit.

Selling your home during a buyer’s market can a huge challenge. But with the right knowledge, you can create a ‘home selling action plan’ that produces results quickly and profitably.

Contact Me to learn how I can help you sell your Rock Hill, Fort Mill, or Tega Cay, SC home quickly for top dollar!

Filed under Carolina Real Estate, FSBO's, Home Sellers, Marketing by  #

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