So how did this work out ?   Using Suntrust’s physician loan package, we were able to secure 100% financing, we negotiated with the builder of the house to pay all closing costs, since our client had put down a $1000 deposit on the house when the contract was signed, at the closing table she got a check back for $998.35.

Taking advantage of a 5 year ARM loan, her interest rate was below 3% which put the mortgage under $800.

The house had hardwoods floors, stainless appliances, granite countertops and even speaker system throughout.

With rental rates getting higher and higher, it’s making lots of sense to buy these days.

If you are a medical doctor or residents, take a look at Johns Island when searching for real estate in Charleston, SC. It’s a great community with homes still affordable and more and more doctors are moving there.

Last Friday, one of our clients closed on the very first house to sell in Lieben Park.  They bought a beautiful, fully upgraded 2600sqft home. Best of all, you can own this brand new 4 bed, 2600 sqft energy efficient house for less than $1400/month.

By comparison, if you were to rent a similar home in Mt Pleasant, the rent would be more than $2,000.

With an FHA loan only requiring 3.5% down and the builder paying the closing costs, it takes very little money down to be a homeowner in Lieben Park.

Real estate in Mt Pleasant has been selling very well all year, but Lieben Park is really setting the pace with 34 sales in just over 3 months.

Phase 1 is nearly sold out but there are still some homesites and phase 2 will released shortly, click here to see current inventory in Lieben Park

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MUSC will be offering positions to the latest class of medical residents.

We have been fortunate through our relationships with MUSC doctors to have worked with many medical residents in the past and look forward to helping those folks who got matched today.

Based on our experience with residents, we have developed a specific website to help new MUSC residents get to know Charleston and help them with their Charleston,SC real estate needs.

You can find the website at http://www.charlestonscresidencyre.com/

It also has a built in feature that recognizes your location based on GPS and displays houses for sale close to your current location, so it is perfect to use if you are driving around neighborhoods you like,  just pull up mycharlestonagent.com and see what’s for sale.

On your phone, go to www.mycharlestonagent.com or scan the QR code below to open the mobile site.

When you get your assessment letter, confirm that your assessment ration is 0.04 (if it is your primary residence). If it is 0.06 and you live in the home as your primary residence, then you should apply to get it lowered to 0.04.

The 15% cap is in place, so for most homeowners, any increase of the assessed value over the previous assessed value will be capped to 15%.  Note this cap is for the assessed value, not the tax due.

These letters are not bills, the bills will come out later in the year. If you don’t agree with your assessed value, you have 90 days to appeal it.

If you have any questions about your assessment, please contact Anton or Darragh

Belle Hall Plantation in Mt Pleasant has always been a popular neighborhood but the pace of sales in the neighborhood this year is making it Mt Pleasant’s best performing neighborhood, far outperforming the market.

To get the most relevant results, it’s best to split Belle Hall in two.   The Island, Hibben & Evian are at a higher price point, so we will look at those separately. Let’s look first at the other subsections within Belle Hall i.e. priced under $500,000.

The numbers are amazing. Belle Hall is outperforming the market by 4 to 1.   In 2011 so far,  27 homes have sold or are under contract to sell.  There are only 9 homes currently for sale.  That means there is little more than 2 months worth of inventory in Belle Hall.   Compare that with the rest of Mount Pleasant where there is nearly 8 months of inventory.  There is no other neighborhood in the Mt Pleasant, maybe even the Charleston MLS that is as hot as that.

Looking at how quickly houses under $500k are selling in Belle Hall, the numbers are equally positive,  53% of homes listed sold with 14 days, 87% sold within 30 days.   Again comparing to the rest of the Mt Pleasant market, the average house takes 90 days to sell. Note : Non-short sale homes.

If you have been thinking of selling your home in Belle Hall, these numbers show the incredible demand on homes in there.

Demand on rentals in Belle Hall has driven the rental prices up, we listed a 1500sqft home in The Veranda this month for rent at $1600.  The webpage got 900 hits within 48 hours and the house rented immediately. That house had previously rented for $1350.

Looking at The Island, Hibben and Evian, there numbers are also very positive. 18 homes have sold or are under contract this year with only 15 for sale.  That is less than 6 months inventory, that is a 60% lower than  the Mt Pleasant average of 16 months inventory at that price point.

We offer free home valuations in Belle Hall Plantation. Our office is conveniently located at the entrance to Belle Hall in the Moultrie Office Park.

For more information or questions on Belle Hall, please contact me at  darragh@mycharlestonagent.com

We have the lowest inventory in 6 years right now in Mount Pleasant

Our inventory has dropped by 50% in 5 years, there are now less than 1000 homes for sale in Mt Pleasant.

For every 4 homes up for sale, 1 of them is under contract.

More posts will be added shortly. Please check back soon