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Welcome to the Debra Bruton Team
at Keller Williams Realty

Topics For Home Owners, Buyers & Sellers

Preparing your home for sale in a buyer’s market can seem daunting, but these five tips will help you get the best price in the least amount of time.

• Organizing and cleaning is crucial when prepping a home for sale. Potential home buyers have a more positive reaction to homes that are clutter-free and give them the feeling that the home is “move-in ready.”
• Presale home inspection can inform you of any trouble areas within your home that can stand out to potential buyers. An inspection can also help you make any repairs necessary before future open houses.
• Determine replacement estimates before listing your home, even if you are not planning on making the replacements yourself. This information can help buyers to make informed decisions.
• Have your warranties ready – especially for all those home appliances that will stay within the home after the sale.
• Curb appeal is a crucial factor because it determines first impressions. A negative first impression can cloud their entire opinion about the home.

Home Sales

in millions

The increasing trend in existing home sales activity continued through January, and for the first time rose above year-ago levels when the home buyer tax credit was in effect. This marks the sixth monthly increase since July when the tax credit expired, and indicates a recovery that’s gaining a firmer footing without government support. 

Home Price

in thousands

Home prices softened in January with median home prices decreasing slightly to $158,800 – 3.7% below the year-ago level. Contributing to this is a larger share of distressed homes sales, which accounted for 37% of sales in January compared to 30%-35% throughout much of 2010. Prices and mortgage rates remain favorable for buyers.

Inventory- Month’s Supply

in months

The uptick in home sales and a shrinking inventory pared down the month’s supply to 7.6 months, a decrease of 7.3% from December and 1% from year-ago levels. This is the lowest level in more than a year and marks the first time since July that the month’s supply is below where it was the previous year. Months of inventory has declined steadily (64%) from its peak of 12.5 months in July and is now back to pre-tax credit expiration levels. The supply of inventory is not far from a seller’s market, which is less than 6 month’s supply.

Source: National Association of Realtors – housing data released Feb 23.

Interest Rates

Mortgage rates jumped above 5% for the first time since April 2009 in January. While rates dipped back to just below 5%, they are expected to continue an upward trend throughout the year. As overall economic recovery remains on track, rates will likely rise to keep inflation in check. Buyers wanting to capture the savings in monthly payments that a historically low interest rate affords are expected to take advantage of excellent buying conditions.

Source: Freddie Mac, Rates as of Mar 3.

Topics For Home Owners, Buyers & Sellers

Preparing your home for sale in a buyer’s market can seem daunting, but these five tips will help you get the best price in the least amount of time.

• Organizing and cleaning is crucial when prepping a home for sale. Potential home buyers have a more positive reaction to homes that are clutter-free and give them the feeling that the home is “move-in ready.”
• Presale home inspection can inform you of any trouble areas within your home that can stand out to potential buyers. An inspection can also help you make any repairs necessary before future open houses.
• Determine replacement estimates before listing your home, even if you are not planning on making the replacements yourself. This information can help buyers to make informed decisions.
• Have your warranties ready – especially for all those home appliances that will stay within the home after the sale.
• Curb appeal is a crucial factor because it determines first impressions. A negative first impression can cloud their entire opinion about the home.

 To the best resource for searching for homes,in the Upstate, Greenville,SC, Simpsonville SC, Mauldin SC,   Greer SC, Lyman SC and surrounding areas for your real estate needs provided by Debra Bruton.   We utilizes the latest technologies, market research and business strategies to exceed your expectations.   More importantly, we listen and that means we find solutions that are tailored to you.  You will have the sames resources available for lease homes,lease purchase, lease option homes.   Forclosed properties in the Upstate and surrounding area are becoming available daily in Simpsonville SC, Greer SC, Mauldin SC.  After you have had the chance to review this information, contact me so we can tell you more about how we can help.  We appreciate the opportunity to earn your business.   Mortgage Calculator             Search all area Homes