Fort Mill Real Estate

3045 Denali Way Rock Hill, SC

2011-01-23T11:08:00.000-05:00

Home Buyer Tax Credit Extended and Expanded

2009-11-06T12:06:00.002-05:00

Great news came out of congress this week as the Home Buyer Tax Credit was not only extended until July 1st, 2010, but expanded to include current home owners as well.

First time home buyers can still qualify for an $8000 Tax Credit if they have a binding contract by April 30th, 2010 and close by July 1st, 2010.

The big change is that Sellers may now get in on the Tax Credit as well. Current home owners can qualify for a $6500 Tax Credit if the home being sold was their principal residence for 5 of the past 8 years.

Income limits were increased as well to allow more people to qualify for the Tax Credit. Also, in order to prevent fraud, congress added a provision that states the purchaser claiming the Tax Credit must also attach documentation to their tax return proving their purchase.

New Townhome Listing in Indian Land, SC

2009-11-04T09:57:00.006-05:00

Located just minutes from Ballantyne. Immaculate townhome with double master suites and 1 car garage. Enclosed patio with privacy fence. Laminate floors in great room with fireplace and tv niche. Open kitchen with breakfast bar and stainless appliances. This home qualifies for 100% financing through USDA loan program. Click on the link for more information.

2439 Redmayne Lane

Syndicate Your Listing with Us

2009-10-09T10:16:00.003-04:00

Plasma Realty offers Full Service Flat Fee Listings for only $500!. We syndicate your listing on the internet and post your home in the Charlotte and Piedmont(SC) MLS!

Contact us today to find out more about our Flat Fee Listing Service. We will give you a Free Market analysis of your home. Ask us how you might be able to qualify for a Free Listing!

Rock Hill 3 bedroom Ranch For Sale

2009-09-28T10:07:00.002-04:00

New Listing! 3bd 2bath ranch with bonus room in Rock Hill. New flooring and Paint throughout home! New privacy fence! Great area with easy access to Rock Hill and Lake Wylie.

Facing Foreclosure?

2009-09-02T09:53:00.004-04:00

Everyone knows we are currently facing a Foreclosure crisis in this country. Interest only mortgages, low adjustable teaser rates, and rising unemployment in this country have left many families in a dire situation with no where to turn.

What many people do not realize is there is help available thanks to many government programs like the HOPE for Homeowners Act of 2008. If you or anyone you know might be facing Foreclosure please go to www.HopeNow.com or call 1-888-995-HOPE for help.

You can also check out www.hud.gov and www.fha.gov for more information.

New Home Sales Up 9.6% Nationwide

2009-08-27T09:13:00.002-04:00

The U.S. Commerce Department reports that New Home Sales for the month of July increased 9.6% nationwide, the largest increase since February 2005. This marks the 5th increase in the past 7 months. New Home inventory dropped to it's lowest level in 16 years. The median price for a new home was $210,100 in July compared to $237,300 last year.

Home sales are being driven by historically low interest rates and lower prices due to forelcosures depressing values. The government is also giving First Time Home Buyers a $8000 Tax Credit as an incentive as well. The tax credit current expires on November 30th unless Congress approves an extension.

Home Prices Up Nationwide in 2nd Quarter

2009-08-25T13:19:00.004-04:00

The latest S&P/Case-Shiller U.S. National Home Price Index shows a 2.9% increase over the 1st Quarter of 2009. Eighteen of the 20 metro areas saw improvement in their annual returns compared to those of May. Looking at the monthly data, the same 18 metro areas reported positive returns in June.

Detroit and Las Vegas are the only 2 major markets still struggling. These are the only two markets that fell in June and saw deterioration in their annual rates of return. Since their relative peaks they have fallen 54.3% and 45.3%, respectively.

Hard hit areas such as Miami, Los Angeles, Phoenix, San Fransisco, and San Diego all showed positive gains over the 1st quarter, suggesting the drop in prices may be ending. The index overall is still down 14.9% from the same quarter last year.

Locally, Charlotte posted a .7% gain over the first quarter and .9% overall for the year. According to the index, Charlotte prices are still down 9.6% from a year ago.

Plasma Realty Now offering Full Service Listings for only $500.

2009-08-20T16:12:00.003-04:00

Plasma Realty is now offering Full Service Listings for a Flat Fee! We are offering this low cost option to help sellers get their homes sold during these tough market conditions. Lower Commissions means more flexibility in negotiating when you sell your home.

Our goal is to help you sell your home faster for maximum value. Our Flat Fee Full Service Program will save you $$Thousands$$ of Dollars in Commissions over a traditional Full Service Brokerage.

2nd Quarter Home Sales Rise Nationwide

2009-08-12T15:35:00.000-04:00

According to the National Association of Realtors, existing home sales were up 3.8% in the second quarter. Thirty nine states experienced increases over the first quarter of this year. Foreclosures and short sales accounted for 36% of transactions in the 2nd Quarter. First time home buyers, taking advantage of lower prices and a First Time Buyer Tax credit of $8000 from the government, made up one third of all transactions.

The national median existing single family sales price was $174,100. According to Freddy Mac, the national 30 year conforming fixed rate mortgage dropped to a record low average of 5.03%.

First time home buyers have until November 30th this year to close on a home in order to take advantage of the $8000 tax credit.

Fort Mill and Tega Cay, SC Single Family Home Sales July 2009

2009-08-05T11:42:00.000-04:00

During the month of July, Fort Mill and Tega Cay Single Family Sales totaled 59 closings. The average list price for homes sold was $284k with the average sale price of $270k. The average days on market for homes that sold was 93.

The same period in 2008 for the Fort Mill/Tega Cay area totaled 75 closings. The average list price in July 2008 was $299k with an average sale price of $291k.

The source of this data is CMLS.