Greenville SC Real Estate News

Greenville South Carolina real estate market, events and homes for sale. 

June 19, 2018

250 Heatherwood Lane Greer 29651 Homes for Sale

Searching for a perfect family home and neighborhood in Greer, South Carolina? Look no further than 250 Heatherwood Lane in the Heatherfield subdivision. This spacious 3-bedroom, 2 bath home offers a versatile floor plan that is perfect for a family. This is a prime location in Greer with easy access to I-85 and the Five Forks area as well as restaurants and shopping. This home is zoned for district 5 schools.

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You will fall in love as soon as you pull into the driveway and catch a glimpse of the outside of the house. The curb appeal is evident as you approach the home at the end of the cul-de-sac street. The beautiful brick and blue concrete plank siding along with the darker blue accents really makes this house stand out. This home has a beautifully designed attached two car garage.

Stepping inside, your eyes will be drawn to the 5” hand scraped hardwood floors, a vaulted foyer and a lovely staircase. Located left to the entrance is the formal Dining Room with a chauffered ceiling that can also be found in the Living Room. The Dining Room is great for family dinners as well as entertaining. Past the Dining Room you will walk through the arched doorway into the Kitchen. The large Kitchen features plenty of counter space, cabinets, an island, beautiful granite counter-tops, tile back-splash and a desk area. Cooking and entertaining will be a breeze with all the space! The breakfast area has bay windows which adds elegance to the space. Beyond the Kitchen is the Living Room that is very open and welcoming. The stove gas log fireplace with stones makes it the perfect place to relax. Before you head upstairs you will see the Powder Room on your left.

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Headed upstairs you will find the three Bedrooms, 2 full Baths, and the Laundry Room. All of the Bedrooms include vaulted ceilings. The generous Master Suite can easily fit a king size bed and includes an additional sitting room. The En Suite has a double vanity sink, separate shower, Garden Tub, and Ceramic Tile. The garden tub is great for bubble baths after a long day. The sinks also offer a lot of counter space and many cabinets, plus there is a cabinet for all your bathroom supplies. If this wasn’t enough, there is a large walk-in closet giving you room for storage as well. One of the two other Bedrooms has their own private access door to the shared Full Bath. Both rooms could be used for children, guests or even an office. There is also a walk-in laundry room.

Back downstairs, the wonderfully large fenced backyard features a covered patio and is perfect for enjoying the outdoors. There is also many mature trees surround the back fence which provides more privacy for the homeowners. This home will not last long, so do not let this one pass you by!

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For more information about this home, contact PRODUCER Realty at 864-438-5050 or visit www.GreenvilleRealEstateHub.com and we will be happy to assist you.

June 19, 2018

Best Ice Cream Shops in the Greenville Area

  Ice cream, Ice cream we all shout for ice cream! This summer is looking pretty hot! I know that when you’re outside, sweat dripping down your back, nothing sounds better than some delicious ice cream. The area of Greenville has many awesome ice cream shops perfect for a hot summer day.

One of my favorite chains is Cold Stone Creamery because they have so many different flavors. My favorite being birthday cake with a mix in of kit-kat, yumm! Cold Stone has cups, cones and waffles for your ice cream and in all different sizes. Too many to decide from, don’t worry they also have many pre-set signature creations such as the oreo overload or the strawberry blonde. Cold Stone also has some amazing cakes and pies! For those of you who don’t want to necessarily pig out, there is the healthier version of yogurt and sorbet. The best part is that if you leave a tip, the workers will sing for you! Cold Stone is located on Woodruff Road in Greenville.

Who hear has heard of Bruster’s Real Ice Cream? If you haven’t, you have to go this summer! There are 11 locations in the Greenville area alone! Bruster’s has an old school theme where you park and go up to the window and order and eat outside, which makes it fun for the whole family. They also have a drive through if you’re in a hurry. On top of everything Cold Stone has, Bruster’s also has blasts and shakes. For shakes they have the flavors of vanilla, chocolate and strawberry. The spin the ice cream to make it a thicker, creamier treat. Blasts are whipped vanilla ice cream with your choice of mix ins such as M & M’s, butterfinger and nestle crunch. Bruster’s also has a punch card and some great promotions to include baby cones where kids 40 inches and under get a free cone, dogs are welcome to tag along and can get a free Doggy Sundae.

Do you want the freshest ice cream where you can actually watch it being made? The Cream Shack in downtown Greenville allows you entertainment, fascination and of course some delicious ice cream. This unique place makes their cream daily, so no preservations, emulsifiers or stabilizers are added to the food. This is a place everybody needs to check out this summer!

If you’re looking for superb ice cream cakes, the Marble Slab Creamery in downtown Greenville has so many beautiful designed cakes. Just looking at them will make you drool.

The Ice Cream Station located on Main Street in Simpsonville is very popular! Always a long line on those summer nights. The Station has cups, cones, a large variety of sundaes, and mix ins, so it’s similar to other places, but they also have additional items which are delicious. They have milkshakes, malts, floats and fruit smoothies!

There are so many other ice cream places in Greenville, plus many restaurants serve ice cream, but these are just a few of my favorites. I’m sure after reading this blog all about ice cream you’re just craving some now, so go out and explore the Greenville area. Maybe you will find a new favorite ice cream shop!

If you have any questions about real estate in Greenville, South Carolina or the surrounding areas, please give us a call at 864-438-5050 and we will be happy to assist you. Visit www.GreenvilleRealEstateHub.com for more information on local real estate.

Posted in Things to do
June 15, 2018

May 2018 Greenville SC Real Estate Market Report

Navigating the real estate market, researching statistics, and making an informed decision based upon those findings can offer a more refined decision in the Real Estate process, whether you are a home buyer, seller, or investor. At PRODUCER Realty, we rely heavily on relevant market data and trends in the real estate market when determining the value of a home. As Expert Advisors, we understand that the real estate market is always changing and we strive to stay up to date with the trends to better serve our client's needs.  

The Greater Greenville real estate market continues to grow and change, month-by-month and year-by-year. This year compared to last year, sales are up 12.5% with 1,398 homes being sold in May 2018 as opposed to the 1,243 homes sold in May 2017 in the Greenville SC real Estate market.

The sale price in May 2018 has gone up more than $22,000 since May 2017. May 2018 has seen an average sale price of $245,404 compared to the $222,835 average sale price of May 2017, making the value of owning a home or investment property in the Upstate of SC a wise and gainful decision.

The Greenville SC area is heralded as a prime relocation spot in South Carolina due to aspects such as the strong economy. The Bureau of Labor and Statistics reports that the national average for unemployment is at 3.9%, but Greenville County continues to fall below the average at 3.4%. The availability of technical, engineering, and health care jobs continue the economic growth for this metro area. In turn, the real estate market outlook is positive and substantial growth is expected to continue for Greenville County SC.

If you are interested in gaining more knowledge concerning the Greater Greenville SC area market, we are only a call away. Whether you are a home buyer, investor, or are interested in placing your current property on the market, our team can not only inform you, but also make your transaction a profitable one. Feel free to contact our team at 864-438-5050 or visit us at www.GreenvilleRealEstateHub.com

Make sure to keep up with the PRODUCER Realty team. "Like" us on Facebook, and follow us on PinterestTwitter, and Instagram.

Want to find out how much your home is worth? Click below to use our ground breaking property evaluation tool and get your home value in less than a minute.

June 12, 2018

4th of July Fun and Events around Greenville SC

    Are you looking for somewhere fun to watch the fireworks for the 4th of July? The area of Greenville has it all. This year the 4th of July is on a Wednesday, so for those who don’t want to stay up late and work the next day, there are many events during the weekend.

The first event is Saturday June 30th. Heritage Park in Simpsonville is having their Independence Day Celebration. There will be a free concert by Charlies Daniels Band plus fireworks! The event beings at 7 P.M. and goes until 10:30 P.M.

The same night there is the Freedom Blast in Greer City Park. There will be inflatables, food and a firework show. The events if from 6-10:30 P.M.

On Sunday July 1st, Newspring Church located at the TD Convention Center in Greenville will be having their Summer Cookout starting at 7 P.M. Their firework show will begin after dark.

For those of you who want to celebrate the 4th on the 4th, downtown Greenville will be having their Wells Fargo Red, White, & Blue Festival. The event will take place from 5-10:30 P.M. on Main Street from River/August to Markley. There will be four different bands, food, a kid zone and fireworks starting at 9:45.

Now if you're looking to buy some fireworks for some extra fun for the family, there are a few stores that have many different options for you. Big G Fireworks located off of Pleasantburg in Greenville has a wide variety of fireworks. They are open Friday - Sunday 1-5 P.M. Simpsonville even has a store called ViViD Fireworks Show in a Box, where you can literally buy a box of fireworks for your own private show. These shows last 6-8 minutes. These boxes aren't cheap, but if you're planning a trip to the lake or somewhere where there won't be fireworks, this is the perfect solution! Closer to the 4th, there will be smaller stands around the area selling fireworks. Last year, Walmart had stands set up in the parking lot where you could buy some fun ones for the kids. 

If you have any questions about Greenville, South Carolina or the surrounding areas, please give PRODUCER Realty a call at 864-438-5050 and we will be happy to help! Visit www.GreenvilleRealEstateHub.com for information on local real estate.

June 6, 2018

GreenvilleRealEstateHub.com Tutorial

June 5, 2018

Renting vs. Buying

Many people looking to move think about whether they should buy or rent? There are many positive and negative aspects to both sides. Some major things to consider is how long you plan on living there, your credit score and if you have extra money aside for a down payment and closing costs. If you plan to live somewhere for three years or less I would suggest renting. I say this because if you plan to live there for a short time the home won’t have appreciated very much, and you could easily lose money since you have all the costs associated with buying and selling. Unless of course you are in a really hot market where homes are appreciating at a high rate.  On the other hand, I have seen many people especially members of the military who move often, buy a home and then rent it out. This allows the home to still appreciate while the mortgage is being taken care of by renters.

Your credit score is another very important factor. Your first step is to take a look at your credit score. You can do this online through credit karma, free credit report, or any other legit websites. If you have a negative credit score, anything in the 500’s or lower, you will need to wait until you have improved this score. If you’re not sure on how to improve your score, talk to a mortgage lender and they can point you in the right direction. If you do have a score of 600 or higher, talk with a lender and see what you can get pre-approved for. You might think you can afford a house for $250K, but a lot of the times it might be lower than what you expected. This is not necessarily a bad thing. They do this to ensure you can make the monthly payments. A pre-approval letter is required for realtors to have in order to show you homes in your price range.

Not only would you need a good credit score to buy a house, but you will also need extra money for a down payment as well as closing costs. A lot of people use FHA loans where you are required to pay 3.5% down, so on a $200K house you would be putting at least $7,000 down. A conventional loan requires between 5-20% down payment, so for the same priced house you would need up to $40,000. There are a few other loan options available as well. On top of a down payment, you will also be paying closing costs. There are times where the seller will help pay for some closing costs, but usually that cost ranges between 2-5% of the home value. For example, in a $200K house you would pay around 4,000-10,000 in closing costs. All together that would be a minimum of $11k needed to purchase a $200k home.

So let’s say you did have good credit and extra money in savings. You still have to weigh the options of buying vs. renting. Buying can be very expensive especially since you have to pay interest on your loan. Interest rates very depending on which lender you use, your credit score, and the economy. To get the best rate try to get your credit score as high as you can and compare mortgage lenders rates. On the other hand, when you buy a home the value will rise over time and when it comes time to sell you are getting a lot of that money you paid back.

Let’s go over the following scenario of buying vs. renting. Let’s say a house you are interested in costs $170,000. You have good credit, so the interest rate is 3.875%. The mortgage with escrow (including insurance and taxes) is $950 a month. According to the home evaluation link on our website GreenvilleRealEstateHub.com, the same house could rent for $1,370 a month. That is a difference of $420 each month. Keep in mind that these amounts are all estimates.

Renting

$1370 x 12 = $16,440 x 5 = $82,200 for five years

$1370 x 12 = $16,440 x 10 = $164,400 for ten years

$1370 x 12 = $16,440 x 15 = $246,600 for 15 years

 

Buying

$6,000 down payment, $500 inspections, $3,400 closing cost

=Total of $9,900

$950 x 12 = $11,400 x 5 = $57,000 + $9,900 = $66,900 for five years

$950 x 12 = $11,400 x 10 = $114,000 + $9,900 = $123,900 for ten years

$950 x 12 = $11,400 x 15 = $171,000 + $9,900 = $180,900 for 15 years

Your home will also increase in value each year, as long as you keep up the maintenance. There are many situations where the value of the home stays the same or decreases over time so keeping it up to date as well as having positive development in your city are very important factors. The annual average is an increase of 4%. In five years your home could value around $200K. In ten years that value could be up to $230K and in 15 years your house could value $270.

With buying you also would sell eventually. Sellers have the responsibility to pay for the commission of their agent as well as the buyers agent. So lets add this into our calculation. The average commission is 6%, so in five years if your home value increased to $200K you would have to pay $12K. At $230K the commission would be $13,800 and at $270K you would pay $16,200.

During this time, you have been paying off your mortgage. The down side is that out of the $950 you pay each month, only about $275 is actually going to principle. The other is interest and escrow. So lets do the math. Loan started off at 170K. Then you payed $6K down making it $164K.

Let’s calculate what your mortgage balance is after 5, 10 and 15 years.

$275 x 12 = $3,300 x 5 = $16,500                Your loan amount after 5 years is $147,500

$275 x 12 = $3,300 x 10 = $33,000              Your loan amount after 10 years is $131,000

$275 x 12 = $3,300 x 15 = $49,500              Your loan amount after 15 years is $114,500

If you sell after 5 years you would have $147,500 left on your mortgage. Plus, the $66,900 you have already paid as well as about $12K in commission you have to pay in order to sell. This amount adds up to $226,400. Now let’s deduct the sale price of your home at $200K. That leaves you with only having paid $26,400 in five years.  If you go back up to our renting equation you will see that you would have paid $82,200. This is a difference of $55,800 in five years! Clearly the better option here is to buy.

Now let’s look at the math to see the difference if you sold your home in 10 years. You would have $131K left on your mortgage. Plus, $123,900 you paid as well as $13,800 in commission. That total is $268,700. Now subtract the sales price of $230K. That amount adds up to only $38,700 in 10 years vs. $164,400 if you would have rented. That saves you $125,700!

Lastly let’s see your savings for the 15 year period. You would have $114,500 left on your mortgage, $180,900 that you paid, and $16,200 in commission. Totaling $311,600. Minus the sales price of $270K,  adds up to $41,600. Your rent amount would be $246,600. Saving you a whooping $205K.

Look at the overall comparison

Renting for 5 years - $82,200                 Buying then selling after 5 years - $26,400

Renting for 10 years - $164,400            Buying then selling after 10 years - $38,700

Renting for 15 years - $246,600            Buying then selling after 15 years - $41,600

 

There are always going to be things that you have to pay for as a buyer that you wouldn’t as a renter. If anything gets broken or if you have to replace flooring, roof, HVAC, etc. But even with all those repairs you would still be saving so much money overtime. Your scenario isn’t going to match the above one. Your savings will vary by your interest rate, the type of loan you choose and the terms of the loan, but at least you now have an idea what the price differences over time could be.

If you have any interest in buying or selling, we would be more than happy to help. PRODUCER Realty can get your home sold in less time and for top dollar. We deliver exceptional results for our clients by providing world class service. Call PRODUCER Realty today at 864-438-5050.

 

May 30, 2018

What is Your Home Worth

What is my home worth is always a big question sellers have. A lot of people will live in a house for over ten years and during that time they will notice a lot of changes in the area. For example, the Greenville area now is definitely different than it was ten years ago because of how populated it has become. The more populated an area becomes, the more demand there is for houses, which increases their value. Infrastructure is also an important aspect. There are always new stores being built, new developments, better schools, etc., that attract people to the area. In 2000 all of Greenville County’s population was roughly 381,000 people. In 2010, after a considerable increase in new development the population for the county was at about 452,000! As of 2015, the population stood at almost 492,000 people. That is an increase of 111,000 people in just 15 years. The value of homes for the majority of people in the Greenville area have increased rapidly. That leaves sellers in the unknown of what their house is now worth. The best way to determine what your house is truly worth is to get a very knowledgeable realtor.

Realtors will do a walk through of your home to get all the facts they need as well as provide you with a comparative market analysis. This analysis will show you all the homes that recently sold in the area that are similar to your own. They determine similar homes based off the square footage, number of bedrooms and bathrooms, the year the home was built as well as location. People often use online tools such as zestimate and trulia to get an estimated price of what their home is worth. That is not a bad thing to do, but the big key is that it is an estimate. Online resources don’t have the option of walking through your home, seeing any repairs that are needed or even possible upgrades you have done to your house. People often see these values and market their house too low or too high, which can be very detrimental. If you price too high, your home might not get any showings and therefore stay on the market too long. Eventually you would have to decrease the price and possibly to the point where it’s lower than what your realtor had originally suggested because once a property stays on the market too long other buyers get suspicious. Another downfall of pricing to high is that if the appraisal comes in below the purchase price then the buyers will usually have to pay the difference in cash. If the buyers are unable to do so, then they might back out of the deal leaving you back to point A.

Many people are guilty for thinking their home is worth more than it really is, so if you truly can’t come to an agreement with your realtor on what price you should sell for then you can always get a pre-listing appraisal done. An appraisal is similar to what the agent will do, but they are licensed professionals who go into full detail when scoping out your home. They measure the exact square footage of the house, determine what repairs are needed, examine not just the house but the plumbing, electrical, roof, etc. An appraisal will happen regardless once you are under contract because a lender needs to ensure the home is worth the loan amount, it’s just about determining if you want one to determine what to sell at. Keep in mind that it will cost about $400-$500 depending on the size of the property. An appraiser also uses actual data from recent sales, so if you do get a pre-appraisal and then don’t end up selling for a few months, other homes may sell which would change your property value.

There are circumstances where the value of a home decreases instead of increases. The main reason this occurs is due to the physical deterioration of the home. Homes require repairs, replacements and maintenance. If you as a home owner neglect these things, then your home will loose a lot of it's value. For example, the HVAC system typically needs replacement every 15 years. If you want to sell your home, but you have lived there for 20 years and never replaced it then you might have to rethink the value of your home or spend extra money and replace it. It's important to make sure the home has curb appeal for buyers to become interested. The inside might be nice, but buyers may not even consider entering the property if the exterior of the home is outdated. Location is another factor. You may have bought a home 20 years ago and since then a highway was built near your home. This may be a good or bad thing to some people since it would allow easier access to the highway, but also would mean more traffic and more noise. These factors are important to think about when determining what your home is worth.

Something to think about when pricing your home is how home buyers search for properties online. Most people will put a minimum and maximum when searching, but these amounts are typically done in $25,000 or $50,000 increments. If you decide your home is valued at $252,000 it’s a good idea to round down to $250,000 because otherwise you would have missed all the people that put their maximum at $250K. $2,000 might seem like a lot of money to you, but you want as many eyes on your property as you can get.

Doing your own research and using online resources is a good start in determining what your house is worth, but a realtor is the best solution. A pre-listing appraisal is usually not worth the fee since a realtor can give you solid facts. If you have a really unique property, a pre-listing appraisal may be a good idea.  However, a realtor will give you an objective opinion. A realtor will be there for any questions you have.

If you are looking for a great realtor to get your home sold in less time and for top dollar, PRODUCER Realty is the right choice. We deliver exceptional results for our clients by providing world class service. If you are just in the beginning stages of thinking about selling your home or even if you are on the opposite side of the spectrum and are looking to buy your perfect home, we can help. Call PRODUCER Realty today at 864-438-5050.

May 23, 2018

Client Feedback with Michelle C

May 22, 2018

106 E Decatur Street Greenville 29617 Homes for Sale

Welcome to the sought-after San Souci community, which is located in the northern part of Greenville just minutes away from downtown. This great location provides easy access for shopping, dining, Falls Park on the Reedy and the mountains. This four-bedroom ranch home at 106 E Decatur Street is perfect for a starter home or an investment opportunity to apply your remodeling skills.

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Upon entering the home you are greeted with the combined Living and Dining Room. Your eye will be drawn to the beautiful hardwood floors and wooded walls, giving the home a cabin like atmosphere. These rooms feature handy built-in bookcases. Continuing through the home you will find the kitchen which offers stainless steel appliances.

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The Master Suite allows access to the patio and features a combined tub/shower. You will notice that the windows are double panned tilt out and have been recently updated. The other three bedrooms are suitable for children, guest rooms, or even an office. Once outside you will see the large 30x21 patio which is great to enjoy a beautiful day. The home features a large fenced in backyard that has many mature trees allowing privacy to the owners.

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The home also has a storage building that will stay with the home. The seller is in the process of replacing the roof and the HVAC was updated a few years ago. This property is to be sold as-is. We are looking forward to seeing the finished product once your vision has breathed new life into this home!

Don’t let this one get away! If you have any questions about this home please contact the PRODUCER Team at 864-438-5050 or visit GreenvilleRealEstateHub.com.

 

May 15, 2018

April 2018 Greenville SC Real Estate Market Report

Navigating the real estate market, researching statistics, and making an informed decision based upon those findings can offer a more refined decision in the Real Estate process, whether you are a home buyer, seller, or investor. At PRODUCER Realty, we rely heavily on relevant market data and trends in the real estate market when determining the value of a home. As Expert Advisors, we understand that the real estate market is always changing and we strive to stay up to date with the trends to better serve our client's needs.  

The Greater Greenville real estate market continues to grow and change, month-by-month and year-by-year. This year compared to last year, sales are up 10.6% with 1,145 homes being sold in April 2018 as opposed to the 1,035 homes sold in April 2017 in the Greenville SC real Estate market.

The sale price in April 2018 has gone up more than $16,000 since April 2017. April 2018 has seen an average sale price of $234,778 compared to the $218,733 average sale price of April 2017, making the value of owning a home or investment property in the Upstate of SC a wise and gainful decision.

The Greenville SC area is heralded as a prime relocation spot in South Carolina due to aspects such as the strong economy. The Bureau of Labor and Statistics reports that the national average for unemployment is at 4.0%, but Greenville County continues to fall below the average at 3.3%. The availability of technical, engineering, and health care jobs continue the economic growth for this metro area. In turn, the real estate market outlook is positive and substantial growth is expected to continue for Greenville County SC.

If you are interested in gaining more knowledge concerning the Greater Greenville SC area market, we are only a call away. Whether you are a home buyer, investor, or are interested in placing your current property on the market, our team can not only inform you, but also make your transaction a profitable one. Feel free to contact our team at 864-438-5050 or visit us at www.GreenvilleRealEstateHub.com

Make sure to keep up with the PRODUCER Realty team. "Like" us on Facebook, and follow us on PinterestTwitter, and Instagram.

Want to find out how much your home is worth? Click below to use our ground breaking property evaluation tool and get your home value in less than a minute.