Selling Sumter Across America!

    www.sumterrealestateforsale.com

                                                                  2009

Sumter Housing Market Information   

Interest Rates

Interest rates are fluctuating between 4.5 % and 5.5%. These are fixed rates. You will need to contact your lender to get more accurate figures. Most loans can be processed and closed within 30 to 45 days.

• Please consider contacting your lender in advance of house hunting to determine your true home price range. Your lender will provide you with an approval letter based on your price range. I will need a copy of this approval letter for my files and to submit with any offer to purchase.
  
• In this current market, sellers want to know that you have the ability to complete the transaction as offered. This may make the difference between you getting your dream home or not.

Available Housing

It is a Buyers Market! There are over 800 properties currently on the market for sale in all price ranges in the Sumter/ Shaw AFB area. All of which can be viewed from this website.

*The lion's share of our market will fall between $100,000 and $200,000.

Home values have adjusted across the board and home prices reflect a more accurate view of current market values.

Taxes

In the $100,000 to $200,000 house price range, taxes range between $405 and $2,400 annually. The majority of properties fall in the range of $600 and $1,100 annually.

Additionally, the stimulous package may also include an $8,000 tax credit for anyone whom makes a purchase of a primary residence with in the next year.

Sellers are more Motivated

With the current number of properties on the market, sellers are more motivated to consider offers that could produce sales. Remember that the sellers are the ones that will decide if your offer is one the will except, deny, or counter. Homes are selling a bit slower these days, but homes are selling!!

* a word of caution: low balling an offer runs the risk of offending a seller. The National News has planted the seed that all sellers are desperate and will take any offer to make a sale. That may not be the case, and a low ball offer may have a negative impact on your negotiating abilities.

* I will provide you with a Comparative Market Analysis (CMA) for each property in which you have an interest so you will be able to gauge what your offers should be. A CMA will show you what homes of similar values and parameters have sold for within the past 6 to 12 months.

With this said, South Carolina Law requires me to present all offers in a timely fashion on your behalf.

It is a Buyer's Market!!

With all of these factors combined, the market is truly in your favor and homeownership is just a decision away! Remember; start with your lender to determine your true price range. Once you have received your approval letter, your next step is to give me a call so we can start the hunt for the right home for you.

I welcome the opportunity to serve your real estate needs.

Respectfully, Jim Graham