Get your sunscreen out. June is here, school is out, and summer is officially upon us...well almost! Summer officially starts on June 21st, but we'll still be enjoying those fun summer activities like beach days, cultural festivals, boating, and rooftop movie nights. Here is your June calendar of events:
Mount Pleasant is growing faster than Seattle — and Austin, Denver and CharlestonWed, May 30th 2018 1:05 pm by Alan Donald Newsletters
This article by David Slade from The Post and Courier was very interesting.
"Seattle, the rainy Pacific Northwest city that's the other home of Boeing, has seen the most rapid population growth among America’s largest cities since 2010.
( Photo By Andrew Whitaker firstname.lastname@example.org)
"Add up all the population gains since 2010 and Seattle has grown by a staggering 18.7 percent," Gene Balk of the Seattle Times said in a May 24 column, when new census estimates were made public.
It's easy to imagine Mount Pleasant saying, "Hah, hold my beer."
Mount Pleasant is nowhere near the size of Seattle, but the Census Bureau also counts it as a large city, and Mount Pleasant has ...
Market Update: Hyperlocal Real Estate Market and Interest RatesWed, May 30th 2018 1:00 am by Alan Donald Newsletters
In the video below Alan discusses the hyperlocal nature of Charleston's real estate market and the impact that the rise in prices and mortgage interest rates may have on affordability.
One of the most common questions we as realtors receive is 'How is the real estate market?'. That question has many different ways of answering it.
In the U.S., the market is healthy and overall, the local Charleston market is pretty hot. However, once delving deeper into the market and examining at a "hyperlocal" level, we see that there are some pockets within the Charleston market that are behaving differently.
While Zillow® may not be a fully trustworthy tool for pricing individual homes, we bel...
Why Have Interest Rates Jumped to a 7-Year High?Wed, May 23rd 2018 9:10 am by Alan Donald Mortgages
Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors.
Sam Khater, Freddie Mac’s Chief Economist, had this to say:
“Healthy consumer spending and higher commodity prices spooked bond markets and led to higher mortgage rates over the past week.
Not only are buyers facing higher borrowing costs, gas prices are currently at four-year highs just as we enter the important peak home sales season.”
But what do gas prices have to do with interest rates?
Investopedia explains the relationship like this:
What to Expect When You Are Inspecting...Thu, May 10th 2018 9:46 am by Alan Donald Buyers
Home Inspections: What to Expect
So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. Most times your offer will be contingent on a clean home inspection.
This contingency allows you to renegotiate the price you paid for the home, ask the sellers to cover repairs, or even, in some cases, walk away. Your agent can advise you on the best course of action once the report is filed.
How to Choose an Inspector
Your agent will most likely have a short list of inspectors that they have worked with in the past that they can recommend to you. HGTV recommends that you consider the following 5 areas when choosing the right home inspector for y...
10 Questions to Ask a Potential Listing AgentThu, May 3rd 2018 2:15 pm by Alan Donald Sellers
Not all Realtors are the same. In fact, neither are all doctors, lawyers or accountants. In every instance, there are professionals who do a better job, take better care of their clients and provide better value for their services...
This holds especially true when selling your home. You may not have known it, but hiring the wrong Realtor could cost you as much as 5% to 7% of the value of your home. That's at least $5,000 for every $100,000 of value!
What's worse, is that if you try to sell your home yourself, national statistics say that you may give away as much as 18% of your equity. But you don't have to give up a dime of value in their home if you simply hire the right Realtor for th...
Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home PricesTue, May 1st 2018 9:11 am by Alan Donald Mortgages
Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year.
Many believe that an increase in mortgage rates will cause a slowdown in purchases which would, in turn, lead to a fall in house values. Ultimately, however, prices are determined by supply and demand and while rising mortgage rates may slow demand, they also affect supply. From the report:
“For current homeowners, the decision to buy a new home is typically linked to their decision to sell their current home… Because of this link, the financing...
What's Happening in Charleston? Events and Activities for May, 2018Sat, Apr 28th 2018 12:00 pm by Alan Donald Events
May is here and that means it's finally beach weather. We are looking forward to celebrating our mothers on Mother's Day, Memorial Day weekend, and fun events like the 2-week Spoleto Festival, the Annual Dragon Boat Festival and much more...
Here is your May calendar of events:
Mount Pleasant Approves Largest Plastic Bag and Foam Container Ban in StateSat, Apr 28th 2018 10:08 am by Alan Donald Newsletters
The Post and Courier writes, "MOUNT PLEASANT — South Carolina's fourth-largest city has decided to prohibit most single-use plastic bags, foam food containers and more, setting up a potential showdown with state lawmakers.
The town's regulations would change the way more than 85,000 people shop, take home leftovers, and even keep their drinks cold. Businesses that rely on foam food packaging and single-use plastic bags would have to switch, and some have warned that packaging cost increases would be passed along.
That is, unless the state Legislature prohibits such local bans, retroactive to Jan. 31, as the House has already voted to do. Folly Beach, Isle of Palms, Surfside Beach and Hi...
How Much Do You Need to Make to Buy a Home in Your State?Thu, Apr 19th 2018 9:33 am by Alan Donald Buyers
How Much Do You Need to Make to Buy a Home in Your State?
It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 states, and Washington, D.C.
States in the Midwest came out on top as most affordable, requiring the smallest salaries in order to buy a median-priced home. States with large metropolitan areas saw a bump in the average salary needed to buy with California, Washington, D.C., and Hawaii edging out all others with the highest salaries required.
Below is a map with the full results of the study:
24 Tiny Bathroom Ideas That Are Big On Storage And StyleTue, Apr 17th 2018 11:56 am by Alan Donald Alans Listings
As anyone who has ever purchased an older home knows, small bathroom spaces come with their own unique set of challenges. First is storage. There are a lot of things that need to be stored and used in a bathroom. Second is style. You want your space, though small, to seem bright and airy. So how do you make sure you've got the storage you need, while also having the style you crave? Here are 24 great tips to make that tiny space seem larger-than-life, and store everything you need at your fingertips!
1. Easy on the clutter.
The quickest way to have your small space seem smaller is to have a lot of clutter hanging around. One or two personal pieces is the limit, and place them on a decor...
5 Tips To Get Your Home Ready For Warmer WeatherThu, Apr 12th 2018 9:49 am by Alan Donald Alans Listings
Spring is in full swing, and you know what that means: the days are getting longer, the temperatures are rising, and in just a few short weeks we'll be heading into the warmer months of summer. Summer is one of the best times of year; children are out of school, it's the perfect time to explore the great outdoors, and of course, everyone's favorite: good ol' summer vacation. After the freezing temperatures of winter and the unpredictability of spring, you and your family are probably more than ready for the warm, summer weather. But the question is: is your home? Here are 5 tips to get your home ready for warmer weather:
1. Get your A/C checked
The summer heat is great for beach days ...
Coming Soon! Well Priced Dunes West Home on 1+ Acre LotTue, Apr 3rd 2018 7:36 pm by Alan Donald Alans Listings
Check this home out:
Call us today to let you in as soon as it is listed! 843-900-0155
#MountPleasantHomes #Luxury #DiamondInTheRough #PreMarketingWorks
How Zillow ® Cheats on Their ZEstimates ®Sun, Apr 1st 2018 3:57 pm by Alan Donald Real Estate
A few of us had suspected that Zillow® conveniently changes its "Zestimates®" of value based on MLS activity, instead of trusting their own algorithm. Now we are pretty convinced that this is the case.
We put this theory to the test: A few days BEFORE we listed this townhome in Crowfield Plantation we took a screenshot of the Zestimate® ($139,8180). [Click to enlarge image].
A few days AFTER we put it on the market in MLS (at a list price of $135,000), we went back and checked. Oh surprise! The Zestimate® miraculously came down to $128,558 in 16 days (in a "seller's market")!
What's Happening in Charleston? Events and Activities for April, 2018Fri, Mar 30th 2018 8:10 am by Alan Donald Newsletters
April perfectly depicts why Charleston has been voted #1 Best City in the US and #2 Best City in the World by Travel and Leisure Magazine. This month has perfect weather, blooming flowers, and awesome events that all add to the Charleston charm. There are some very large and popular events happening this month, like the Cooper River Bridge Run and Volvo Car Open along with great outdoor events like movies on the roof and dancing on the Mount Pleasant Pier. Check them all out!
Boeing Delivers World’s First 787-10 Dreamliner to Singapore AirlinesFri, Mar 30th 2018 8:00 am by Alan Donald Boeing
The article from Low Country Biz Wire writes, "Boeing and Singapore Airlines celebrated the delivery of the first 787-10 airplane, the newest and largest member of the Dreamliner family and a jet that will set a new global standard for fuel efficiency.
About 3,000 people marked the milestone at Boeing’s facility in North Charleston, South Carolina where the latest 787 model is manufactured.
Like the other 787 Dreamliners, the 787-10 is designed with strong, lightweight composites, the most advanced systems, and comfortable cabin features. The 787-10, though, features a longer fuselage which allows it to carry about 40 more passengers or a total of 330 seats in a standard two-class co...
62 Saturday Road 3D TourMon, Mar 26th 2018 10:23 am by Alan Donald Alans Listings
62 Saturday Road is a beautiful home that is tucked away in the prestigious I'On neighborhood. This 4 bd. 3.5 ba. home features updates throughout, master down, and a long driveway with a two-car garage. Take a look for yourself and get to know this great property as you take the 3D Tour.
Learn more about 62 Saturday Road by CLICKING HERE.
More Than Just a House- 1579 Paradise Lake DriveThu, Mar 22nd 2018 12:00 pm by Alan Donald Alans Listings
1579 Paradise Lake Dr. is a beautiful 3 bedroom 3.5 bath home that's located in central Mount Pleasant. This great home features open concept living, a gourmet kitchen, lakefront views and great storage space. Another great feature of this home is that it is energy efficient! It has a tankless hot water heater, Platinum level energy rating, and a $30,000 solar panel system that produces a positive cash flow!
The sellers favorite part of their home was the spacious rooms and open concept living, which was important for their family's lifestyle. The screened in porch and backyard space was also perfect for relaxing on sunny Charleston days, listening to the birds and tending to their...
12 Must-Do Home Maintenance Tips For SpringTue, Mar 20th 2018 10:00 am by Alan Donald Real Estate
Ah, spring! The sun is shining, the birds are singing, and the windows are finally open! Now is definitely the time to take a realistic look at your home’s exterior (and all that goes with it), and do the necessary cleaning, or make repairs or replacements. Winter can be harsh, but springtime is all about renewal!
1. Roof and shingles
Winter storms, snow, and wind can take a toll on your roof shingles, and the summer sun doesn’t do your roof any favors, either. If you can, get up on a ladder and really take a good look at the condition of your shingles. Are they loose? Do you see any cracks or wearing? If so, you may want to begin to budget for a replacement roof by next winter. While...
Homes With Pools in Mount PleasantWed, Mar 14th 2018 1:40 pm by Alan Donald Charleston Real Estate
With the Charleston heat on the way, there's nothing better than having a beautiful pool to enjoy privately!
According to the Charleston MLS, only about 5% of detached homes that were on the market in the past year had an in-ground or elevated pool. In Mount Pleasant, only about 6% of homes on the market had a pool.
Homes with pools do not come in abundance in this Charleston area, thus owning a home with a pool can give you something to boast about!
Check out these beautiful homes with pools available right now in Mount Pleasant!