March 2009 Archives

Here’s a great explanation of the current credit crisis we’re in, how we got here, and what it means to us as homeowners and investors.

Filed under Carolina Business News, Market Trends, Opinions, Videos by  #

Actually, regardless of where you’re thinking about buying a new house (even though I’d LOVE to help you find your dream home here in the Rock Hill SC or Fort Mill SC area!), it’s important to know that lending criteria have changed dramatically. I know, I know, no shocker there.

Here’s an interesting commentary from Jack M. Guttentag of Yahoo! Real Estate:

“You’ll probably have to go to homeownership school.

You’ll have to prove you can really afford a mortgage.

You may have to reconsider your location.

And you’ll have to run a gauntlet of scrutiny.

Today’s mortgages are a far cry from boom time home loans, but they do exist and some lenders have money to burn.

“People used to qualify with stated income. Now there is more documentation. And they aren’t just documenting your income, but looking for assets in addition to your income and low debt-to-income ratios and low loan-to-value ratios,” said Asmaa Egal, mortgage broker, Loan Republic Financial in San Francisco.

The new brand of home loan has been customized with tighter controls and fewer defects to replace old mortgage models that crashed and burned when the economy hit the skids.

“You have to qualify. You have to prove your income. They have make-sense underwriting,” said, Quincy Virgilio, 2009 president of the Santa Clara County Association of Realtors and broker-owner Realty World CA Property Network in San Jose, CA.”

So now instead of simply being able to ‘say’ you qualify for a home mortgage you’re going to have to actually prove it.  I know, a novel idea.

Let me also clear up one common misconception.  Many people think that with the way the financial markets are going up and down right now that there it’s impossible to get a home loan.  NOT TRUE!

There is money available to purchase your new house here in Rock Hill SC  or Fort Mill SC, however, just as the statement above says, you now have to actually prove your income.  Yes, it’s a considerably larger pain in the back-side, but until things in the financial markets become more stable I’m afraid it’s what we’re going to have to live with!

I don’t know about you, but I’m always on the lookout for great resources to help me come up with home decorating ideas.

Here are a few of my favorite online home decorating resources:

Hopefully this short list comes in handy for your next home improvement project.

Filed under Carolina Real Estate by  #

February is a time of excited anticipation. This month a gradual heralding of early spring begins in the lower parts of the region and steadily advances through the entire area.

Planning

Detailed planning of areas of general development should be completed by the middle of the month. In fact, any plan work not well in hand by now may very easily be crowded out entirely by more pressing programs. Detail planning means the actual decision necessary as to placement, quantities, and space allotments for the various plants to be used this season.

Planting

This is the last call for planting of dormant trees and shrubs. Growth activity will begin by the end of the month and later planting will hamper the ideal development of these plants. Give the plants a chance to reward you with their season’s growth without being stunted by late planting.

Rose planting should begin about the 15th of the month. Great expectations are kindled in a gardener when he receives his order of rose bushes for the season, and one can easily dream of the warm days ahead when the lush foliage, beautiful blooms and perfume will fill the garden.

Steps for Successful Rose Planting

  1. Unpack carefully and prune away any broken or damaged stems or roots; prune plants for shape and paint the end of each cane to prevent damage.
  2. Plunge the roots in water, preferably overnight, making sure that all the roots (including the bud union) are completely immersed. The roots soak up a full amount of water and are ready to resume growth activity.
  3. Dig a deep hole sufficiently large enough to accommodate all roots without crowding.
  4. For each rose bush, add one gallon of peat moss mix thoroughly by digging in sides and / or bottom of hole.
  5. Plant bush with roots extending downward and pack soil securely around bush for about two-thirds of the depth.
  6. Fill the hole with water and pull in more topsoil around and upon the bush into a mound up to 12 inches in height. This mound will prevent dehydration of the canes which is caused by frequent high winds in this region and also will protect the new plants from undue cold weather that may occur for the next few weeks.
  7. After growth begins, gradually work the mounds away and carry on regular maintenance.

For general planting activities the above procedure is recommended for all deciduous trees and shrubs (those that lose their leaves during the dormant season) including those whose leaves and flowers are used in making dried potpourri recipes. Use a general all-purpose fertilizer. Other fertilizers may have to be resorted to, especially if your soil is deficient in any particular nutrient.

Soil Preparation

If this important job has not yet been done, by all means do it now. Get the planting areas for the seasonal color plants ready. Scatter a balanced fertilizer (5-10-5) and spade it in as deep as possible then wet-down. A light mulch of rotted organic material over the shrub beds now will give a good supply of nitrogen for spring growth.

You can’t always get what you want but you can find what you need on the subject of dried potpourri recipes. Ready for a better understanding? Visit plant-care.com

Filed under Homeowner Ideas by  #

Curious about what the people and demographics of Fort Mill SC are like?

Zillow.com provides a great overview of this growing suburb of Charlotte, NC and neighbor of Rock Hill, SC.

Be sure to check it out:

https://www.zillow.com/local-info/SC-Fort-Mill/

Filed under Fort Mill SC by  #