What to Expect From Your Home Inspection

Sun, Jan 29th 2017 4:59 pm by Alan Donald Buyers

What to Expect From Your Home Inspection | MyKCM

So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. More often than not, your agent may have made your offer contingent on a clean home inspection.

This contingency allows you to renegotiate the price 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. Realtor.com suggests that you consider the following 5 areas when choosing the right home inspecto...




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Have You Saved Enough for Closing Costs?

Mon, Jan 23rd 2017 9:32 am by Alan Donald Buyers

Have You Saved Enough for Closing Costs? | MyKCM

There are many potential homebuyers, and even sellers, who believe that they need at least a 20% down payment in order to buy a home or move on to their next home. Time after time, we have dispelled this myth by showing that many loan programs allow you to put down as little as 3% (or 0% with a VA loan).

If you have saved up your down payment and are ready to start your home search, one other piece of the puzzle is to make sure that you have saved enough for your closing costs.

Freddie Mac defines closing costs as:

“Closing costs, also called settlement fees, will need to be paid when you obtain a mortgage. These are fees charged by people representing your purchase, includin...




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322 Seneca River Dr, Summerville - Beautiful Home on Pond Lot

Thu, Jan 19th 2017 2:45 pm by Alan Donald Alans Listings

Great Home Build On A Large, Premium Pond Lot That Is Ready To Move Right Into!

Downstairs features an Open Plan living/dining/kitchen with laminate hardwood floors, and opening up to a fabulous screened in porch overlooking the pond. New paint and landscaping! Upstairs The Nice Sized Master Bathroom Has Double Vanities And Separate Tub And Shower. The Large Master Bedroom Has A View Of The Pond And A Nice Walk-In Closet. Two Other Well-Sized Bedrooms And A Full Bath Flow Very Nicely. A 2-Car Detached Garage Is Connected By A Breezeway, So You Don't Have To Get Wet! The Backyard Is Fenced. Great Location, Close To Shopping, Places Of Worship, Hospitals And Large Companies Such As Boein...



Excellent First Home or Investment in Old Mount Pleasant

Tue, Jan 17th 2017 10:24 am by Alan Donald Alans Listings

1240 Fairmont Avenue #9 in Mount Pleasant is looking for a new owner!

This beautifully renovated ground floor condo is within Mt Pleasant Academy elementary school catchment area. Great investment opportunity.

Spacious and efficient, with plenty of natural light. Upgrades include hardwood floors, crown molding, kitchen with stainless steel appliances and granite countertops. Large laundry room, washer & dryer are 2 years old. 2 parking spaces (undesignated).

Great location in the Old Village, close to shops, places of worship, schools and only a 10 minute drive to Downtown Historic Charleston and the beach at Sullivans Island. Great lifestyle! Walk to Farmer's Market, Starbucks, rest...




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7 Facts About Mortgages You Didn't Know

Thu, Jan 5th 2017 9:32 am by First Time Home Buyers

The Alan Donald Team works with a lot of first time home buyers and we are very familiar with the learning curve involved in buying your first home.   We have found that most first time home buyers have put the idea of a home purchase off simply because the idea seems SO daunting. That's where we come in!  First time home buyers have a ton of questions and we are ready with the answers.  Blog posts like this are inspired by the questions that we hear everyday.

From experience we know that a lot of the confusion revolves around the mortgage loan process.   Meghan Bowes, Buyer Specialist on The Alan Donald Team, received the below article from a lender partner that we work with often -- hi...



Events & Activities for the Charleston, SC Area - January 2017 Edition

Mon, Jan 2nd 2017 9:00 am by Alan Donald Alans Listings

Events & Activities for the Charleston, SC Area - January 2017 Edition

2017 is finally here. Make sure to have your Hoppin’ John and collard greens on New Years Day. It’s a Lowcountry tradition that promises good luck and money in the new year. January and February are the only 2 months of the year where we may get a total of 10 days that don’t make it to 50 degrees. Charleston Restaurant Week and the Charleston Comedy Festival are the highlights of the January calendar of events below:

Lowcountry Oyster Festival

1: Bill Murray Look-a- Like Polar Plunge, Folly Beach

4-22: Charleston Restaurant Week

5: Garrison Keillor, Gaillard

8: Houston Persons Quartet, Turtle Point Kiawah

9-10: Charleston Health and Well...




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Charleston SC Real Estate: 2016 Year In Review

Fri, Dec 30th 2016 8:25 am by Alan Donald Charleston Real Estate

2016 was a great year for Charleston, SC and its real estate market.

We closed 17,736 transactions for residential properties (homes) in the Charleston Area. This is up by 9.05% over 2015 numbers and our 2nd busiest year ever. In addition, we closed 1,274 vacant land transactions, a similar number than in 2015.

In terms of median home price, we are up by 4.95% YTD over 2015 and the median sales price is now at $243,000 (see Median Price chart - click to enlarge).

While this is an all-time high, it is below the trend line running back to 1991. That trend line predicted we would be well over $250,000 by now. This tells us that we are still somewhat undervalued and have room for appreci...




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Belle Hall Holiday Food Drive Raises 1,230 Pounds of Food to Stock ECCO’s Pantry

Thu, Dec 29th 2016 5:10 pm by Alan Donald Events

Belle Hall Holiday Food Drive Raises 1,230 Pounds of Food to Stock ECCO’s Pantry

That’s enough to serve more than 1,000 meals to hungry neighbors

Charleston, SC, December 22, 2016 – Hungry individuals living East of the Cooper will enjoy more than 1,000 meals thanks to an early December food drive sponsored by The Alan Donald Team at Keller Williams Realty. The blitz has raised 1,230 pounds of food for the East Cooper Community Outreach (ECCO) warehouse to serve hungry Mount Pleasant residents.

The Holiday Food Drive was focused on the Belle Hall Plantation neighborhood, where Alan and his team are active Realtors well-known for helping connect buyers and sellers. “My team and I ...




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2 Tips to Ensure You Get the Most Money When Selling Your House

Mon, Dec 19th 2016 3:00 pm by Alan Donald Real Estate

2 Tips to Ensure You Get the Most Money When Selling Your House

2 Tips to Ensure You Get the Most Money When Selling Your House | MyKCM

Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.

1. Price it a LITTLE LOW 

This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).

2 Tips to Ensure You Get the Most Money When Selling Your House | MyKCM

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should pr...




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Why You Shouldn't Take Your House Off the Market During the Holidays

Thu, Dec 15th 2016 9:43 am by Alan Donald Real Estate

Why You Shouldn't Take Your House Off the Market During the Holidays

If you are one of the many homeowners who is debating taking your home off the market for the next few weeks, don't! You will miss the great opportunity you have right now!

The latest Existing Home Sales Report from The National Association of Realtors (NAR), revealed that the inventory of homes for sale has dropped to a 4.3-month supply.

Historically, a 6-month supply is necessary for a 'normal' market, explained below:

Why You Shouldn't Take Your House Off the Market During the Holidays | MyKCM

There are more buyers that are ready, willing, and able to buy now than there have been in years! The supply of homes for sale is not keeping up with the demand of these buyers.

Bottom Lin...




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New Construction *SPECIAL* in Bolden Grove at Carolina Park

Wed, Dec 14th 2016 12:00 pm by Alan Donald New Construction

ONE WEEK ONLY!  ENDS DECEMBER 18

About Bolden Grove:  The newest section in Riverside at Carolina Park.  Riverside has earned a place among the region's premier custom homes communities and Bolden Grove is the latest and greatest addition.  Named for the grove of protected woodlands the homesites are nestled between, Bolden Grove promises to be a fantastic neighborhood in Mount Pleasant with only 27 thoughtfully designed homesites being offered.  This Lowcountry community will offer unique expansive back porches and spacious private yards that back to preserved woodlands or tranquil ponds, creating an oasis for relaxing and entertaining.

Bolden Grove will form the entrance to ...




New Water & Marsh Front Community in Mount Pleasant!

Tue, Dec 13th 2016 12:48 pm by Alan Donald New Construction
Welcome to the newest water and marsh front community in Mount Pleasant - Stratton by the Sound.
Stratton by the Sound
The community is being developed by Ashton Woods, a smaller yet well known builder in the area.  There are 62 lots with 13 floor plans to choose from!  Great open floor plans with options to include a gourmet kitchen, porches, walk-in closets and more.  Base prices start in the high $400,000's.  Interior, pond and marsh front lots available with lot premiums ranging anywhere from $6,000-$62,000.  The build time is approximately 8 months and Ashton Woods is currently building 13 spec homes that are either under construction or in for permit (as of 12-13-16).
The HOA fee is $900 per ye...


Charleston SC Becomes a Brewing Paradise!

Mon, Dec 12th 2016 3:45 pm by Alan Donald General

Charleston SC Becomes a Brewing Paradise!

Charleston SC breweries




Will Increasing Mortgage Rates Impact Home Prices?

Thu, Dec 8th 2016 9:30 am by Alan Donald Real Estate

Will Increasing Mortgage Rates Impact Home Prices?

However, history shows us that this has not been the case the last four times mortgage interest rates dramatically increased.

Here is a graph showing what actually happened:

Will Increasing Mortgage Rates Impact Home Prices? | Simplifying The Market

Last week, in an article titled “Higher Rates Don’t Mean Lower House Prices After All, the...




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Events and Activities for the Charleston, SC Area - December 2016 Edition

Mon, Dec 5th 2016 7:45 am by Alan Donald Events

Events and Activities for the Charleston, SC Area - December 2016 Edition

Elf with Will FerrellDecember and the holiday season is upon us. Most of the events in town this month are holiday related. The Sound of Charleston from Gospel to Gershwin will be at the Circular Congregational Church all month. The Holiday Festival of Lights at the James Island County Park is always a favorite. There will be plays, music, parades, and tree lightings all month. What a great time of the year in Charleston with temperatures in the mid 60’s. Here is your December calendar of events:

1-3: Holy City Messiah, CSO, Various Lowcountry Churches

2: Melissa Etheridge’s Holiday Trio, Chas Music Hall

2-4: 4th Annual Made in the ...




Charleston SC Real Estate - December 2016 Update

Mon, Dec 5th 2016 7:45 am by Alan Donald Charleston Real Estate

Charleston, SC Real Estate - December 2016 Update

The Charleston real estate market continues to do extremely well and reflects the strong state of the overall economy here.

We are up 10% year-to-date in the number of transactions and we may sell over 17,000 homes this year. It will either be the busiest or the second busiest year ever.

Median sales price is up almost 5% to $244,000 (see chart). Forty percent of the properties currently under contract are new construction. And this new construction is spread out over the entire Tri-County area - from Summerville to Johns Island and from Mt Pleasant to rural West Ashley.

The Volvo plant has brought several new subdivisions to the Sum...




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The Alan Donald Team Sponsors Holiday Food Drive for ECCO

Tue, Nov 22nd 2016 1:43 pm by Alan Donald Events

Belle Hall Food Drive to Benefit ECCO (East Cooper Community Outreach)
To Ensure That “None of Our Neighbors Goes Hungry This Holiday Season”

ECCO Holiday Food DriveCharleston, SC, November 28, 2016 – No one in Mt. Pleasant should go hungry, especially during the holiday season. So the Alan Donald Team, working with East Cooper Community Outreach (ECCO), is sponsoring a food drive December 5-18.

The Food Drive is focused on the Belle Hall neighborhood, where Alan and his team are well-known for helping connect buyers and sellers on their American Dreams. An anonymous donor has agreed to match the first 40 pounds of food donated.

The non-perishable donations will be delivered to the ECCO food warehouse, whic...




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Just Listed! Low Price, One-Story Brick Home in Move-In Condition (Goose Creek)

Sun, Nov 20th 2016 2:39 pm by Alan Donald Alans Listings
Image

116 Maple Avenue
Goose Creek, SC

MLS# 16029531

View Listing Details

This 3-br home in Goose Creek has been done up entirely and is ready for you to move right in!

  • 3-year old HVAC and architectural grade roof shingles;
  • new flooring, cabinets, counters and stainless steel appliances in the kitchen;
  • resurfaced hardwood floors and new paint throughout!
  • new windows & new doors

Close to schools, shopping, places of worship and the US Navy Naval Weapons Station.

AVAILABLE NOW! Call/text 843-900-0155 for more information or showings. 

WATCH VISUAL TOUR



Why Waiting Until After the Holidays to Sell May Not Be a Smart Decision

Wed, Nov 16th 2016 9:46 am by Alan Donald Real Estate

Why Waiting Until After the Holidays to Sell May Not Be a Smart DecisionWhy Waiting Until After the Holidays to Sell Isn’t a Smart Decision | MyKCM

Did you know that from October until December of last year 3,550 homes closed in the Charleston Area?

Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays. Here are six great reasons not to wait:

  1. Relocation buyers are out there. Companies are not concerned with holiday time and if the buyers have kids, they want them to get into school after the holidays. 
  1. Purchasers that are looking for a home during the holidays are ...



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Charleston SC Real Estate Market Update - November 2016

Tue, Nov 1st 2016 4:40 pm by Alan Donald Charleston Real Estate

Charleston Strong

Our real estate market here continues to do very well. New construction is prominent in several MLS areas including Johns Island and Mount Pleasant. However, new construction seems to be making its biggest strides in the Jedburg/Ridgeville area near the new Volvo plant that is under construction.

The Nexton community (developed by Westrock) is going to dwarf the already sizable Cane Bay subdivision. A new exit ramp is being built off I-26! Overall, the Tri-county areas are up 10.5% in number of transactions (year-to-date) over 2015. 2016 will likely record over 16,000 transactions , making this the 2nd busiest year ever.

Median sales price is up 5.1% to almost $244,...




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