I know you hear all the time how Jumbo rate mortgages are so much more expensive and thus buyers are not able to buy homes over $417,000 without either a substantial penalty or paying the difference in cash.
Well that is no longer the case, as of today, July 29,2009, here are the rates from Bobby Green with Bank of America,
· 30 year JUMBO (over $417,000)
0/0 5.875 0/1 5.5%
· 15 year JUMBO
0/0 5.5% 0/1 5.25%
· 5 year ARM
0/0 5.625% 0/1 5.25%
This is about as low as I have seen them, so now is the time to take advantage of these rates and the low prices and buy that dream home now in beautiful Charleston, SC.
Let me know if you or anyone you know is interested. Homes are selling now, I think we have rounded that curve and prices are stabilizing.
Call or e-mail me anytime if you have any questions about real estate, Sincerely,
David Wertan of RE/MAX Advanced Realty in Mount Pleasant and serving all of Charleston
Wednesday, July 29, 2009
Tuesday, July 7, 2009
Avoid Foreclosure
I don't know why but people that are in Foreclosure also seem to be in denial or they just don't know the facts.
Fact: a Foreclosure will haunt you for years and years. On any job interview, for security clearances, promotions at work, any position of responsibility may be jeapordized, you have to answer yes to question on applications, Have you ever had a foreclosure or given a deed in lieu of foreclosure?
There is a solution and it seems that most people don't know about it or they are scared to ask for details.
It is called a Short Sale. This is where the bank approves you selling the home for less than what you owe in order to reduce their losses.
They will pay the Real Estate Commission and all other expenses so it cost you absolutely nothing.
Also a Short Sale does not show up on your credit, if it does it will show you missed a few payments, there is no question have you ever had a short sale? it will not jeapordize your job or other standing, your banking relationships or ability to borrow money in the future.
This is so important that we get this information out to as many people as possible to help them before it is to late.
The only thing required of you is cooperation with your Realtor.
If you don't call me at least call a Realtor that knows their way around the Short Sale process and they can help you avoid foreclosure now.
Pass the word, Sincerely, David Wertan of RE/MAX Advanced Realty 843-270-6455
Fact: a Foreclosure will haunt you for years and years. On any job interview, for security clearances, promotions at work, any position of responsibility may be jeapordized, you have to answer yes to question on applications, Have you ever had a foreclosure or given a deed in lieu of foreclosure?
There is a solution and it seems that most people don't know about it or they are scared to ask for details.
It is called a Short Sale. This is where the bank approves you selling the home for less than what you owe in order to reduce their losses.
They will pay the Real Estate Commission and all other expenses so it cost you absolutely nothing.
Also a Short Sale does not show up on your credit, if it does it will show you missed a few payments, there is no question have you ever had a short sale? it will not jeapordize your job or other standing, your banking relationships or ability to borrow money in the future.
This is so important that we get this information out to as many people as possible to help them before it is to late.
The only thing required of you is cooperation with your Realtor.
If you don't call me at least call a Realtor that knows their way around the Short Sale process and they can help you avoid foreclosure now.
Pass the word, Sincerely, David Wertan of RE/MAX Advanced Realty 843-270-6455
Sunday, May 17, 2009
$8000 Tax Credit Now Available Upfront For Down Payment & Closing Costs
Some GREAT NEWS !!
The $8000 Tax Credit for First Time Homebuyers is Now Available when using an FHA Loan to purchase your home at the time of closing and can be used for your down payment and closing costs.
No more waiting around or trying to skimp and save or borrow from parents, your 401K or IRA, you can now get your credit advanced at the time of closing.
This is a Brand New Program so many lenders don't know about it yet but it is sure to bring more first time homebuyers into the market and you need to act now or tell anyone you know that now is the time to find that perfect property.
I can save you or your friends tens of thousands of dollars by finding the a bank foreclosure or a short sale.
I can get them 4 1/2% interest rate if they qualify.
I can also help them with new construction as the builders are offering special deals to buyers that are working top producing agents. Think about it for a second, they know that I work with buyers all the time, so who are they going to give the best deal to, a person that walks in a buys one home or a Top Producing Realtor that might be able to sell a half dozen or more of their homes in a single year.
Also, if you are thinking new construction remember on the tax credit the home has to close by December 1 so you really need to find the plan, the subdivision, etc, now so they have time to build the house and close it by December 1st.
Call or e-mail me if you have any questions or if you know of anyone that has been wanting to buy their first home but just couldn't come up with the downpayment and closing costs money.
843-270-6455 or David@DavidWertan.com anytime.
Thanks, Sincerely, David Wertan & The Wertan Team of RE/MAX Advanced Realty
The $8000 Tax Credit for First Time Homebuyers is Now Available when using an FHA Loan to purchase your home at the time of closing and can be used for your down payment and closing costs.
No more waiting around or trying to skimp and save or borrow from parents, your 401K or IRA, you can now get your credit advanced at the time of closing.
This is a Brand New Program so many lenders don't know about it yet but it is sure to bring more first time homebuyers into the market and you need to act now or tell anyone you know that now is the time to find that perfect property.
I can save you or your friends tens of thousands of dollars by finding the a bank foreclosure or a short sale.
I can get them 4 1/2% interest rate if they qualify.
I can also help them with new construction as the builders are offering special deals to buyers that are working top producing agents. Think about it for a second, they know that I work with buyers all the time, so who are they going to give the best deal to, a person that walks in a buys one home or a Top Producing Realtor that might be able to sell a half dozen or more of their homes in a single year.
Also, if you are thinking new construction remember on the tax credit the home has to close by December 1 so you really need to find the plan, the subdivision, etc, now so they have time to build the house and close it by December 1st.
Call or e-mail me if you have any questions or if you know of anyone that has been wanting to buy their first home but just couldn't come up with the downpayment and closing costs money.
843-270-6455 or David@DavidWertan.com anytime.
Thanks, Sincerely, David Wertan & The Wertan Team of RE/MAX Advanced Realty
Monday, April 20, 2009
Time Running Out on $8000 Stimulus Check for New Home Buyers
Time is running out for purchasers that qualify for the $8000 stimulus check for new homes.
In most New Home communities the builders no longer build speculative or inventory homes so as a buyer you come in and choose your house plan and they will build it for you.
To qualify for the $8000 stimulus check your new home must close by December 1st, and with most builders taking 5 to 6 months or longer to build your home you need to act quickly.
To find out if you qualify contact me or a member of The Wertan Team at RE/MAX Advanced Realty at 843-330-2500.
Also, don't forget you can get your check within weeks of closing you do not have to wait until the next tax year, so you could borrow the money necessary to close on the home and then turn around and pay it off within weeks from the stimulus check.
We are here to help you with all of the details so just call.
I just didn't want you to wait until the last minute and then feel rushed and maybe miss out on this great opportunity.
Sincerely, David Wertan of RE/MAX Advanced Realty in Charleston, SC
In most New Home communities the builders no longer build speculative or inventory homes so as a buyer you come in and choose your house plan and they will build it for you.
To qualify for the $8000 stimulus check your new home must close by December 1st, and with most builders taking 5 to 6 months or longer to build your home you need to act quickly.
To find out if you qualify contact me or a member of The Wertan Team at RE/MAX Advanced Realty at 843-330-2500.
Also, don't forget you can get your check within weeks of closing you do not have to wait until the next tax year, so you could borrow the money necessary to close on the home and then turn around and pay it off within weeks from the stimulus check.
We are here to help you with all of the details so just call.
I just didn't want you to wait until the last minute and then feel rushed and maybe miss out on this great opportunity.
Sincerely, David Wertan of RE/MAX Advanced Realty in Charleston, SC
Sunday, March 15, 2009
rehava trademark lawsuit dropped by Re/Max
Being the Broker/Owner of the local Re/Max franchise in Mt. Pleasant, I do appreciate that Re/Max International takes protecting our trademarks very seriously. Try to copy Coke or Pepsi with name or look and you will find they will do the same to protect their brand.
Re/Max spends a Billion dollars a year on advertising the brand and the website www.remax.com and Re/Max is the # 1 Real Estate Company in the World, they are the one of the most recognized brands period and they take defending that seriously. They did withdraw their opposition to rehava as I think they should have, here is their statement where Re/Max International Withdrew their Trademark Opposition.
(March 11, 2009 – Denver, CO) This afternoon, RE/MAX International filed a document with the U.S. Patent and Trademark Office to withdraw any opposition to the trademark registration of rēhava Real Estate Store.
RE/MAX International has always sought to protect its brand and logo in the name of all its franchisees and affiliates. In this case, local RE/MAX Broker/Owners and Affiliates felt that no conflict or threat existed.Considering their opinion and public response, RE/MAX International decided that the best course of action was to drop opposition to the rēhava trademark.
RE/MAX has become a distinguished real estate leader after 36 years of competition in the marketplace. Competition has made the organization what it is today and competition will continue to result in success into the future.
RE/MAX recognizes that real estate competition in Charleston will benefit the public interest of the entire community.
Re/Max spends a Billion dollars a year on advertising the brand and the website www.remax.com and Re/Max is the # 1 Real Estate Company in the World, they are the one of the most recognized brands period and they take defending that seriously. They did withdraw their opposition to rehava as I think they should have, here is their statement where Re/Max International Withdrew their Trademark Opposition.
(March 11, 2009 – Denver, CO) This afternoon, RE/MAX International filed a document with the U.S. Patent and Trademark Office to withdraw any opposition to the trademark registration of rēhava Real Estate Store.
RE/MAX International has always sought to protect its brand and logo in the name of all its franchisees and affiliates. In this case, local RE/MAX Broker/Owners and Affiliates felt that no conflict or threat existed.Considering their opinion and public response, RE/MAX International decided that the best course of action was to drop opposition to the rēhava trademark.
RE/MAX has become a distinguished real estate leader after 36 years of competition in the marketplace. Competition has made the organization what it is today and competition will continue to result in success into the future.
RE/MAX recognizes that real estate competition in Charleston will benefit the public interest of the entire community.
Monday, February 23, 2009
2009 Housing Forecast
We are well into 2009 now and we have really seen the market pick up.
We are having multiple offer situations on bank foreclosures now and they are selling quickly.
I just had my listing at 105 Church in Crowfield sell full price with only 14 days on the market and my listing on Oakhurst in Rivertowne sold in just 18 days on the market.
so, if you know of anyone that wants to take advantage of the low prices, the low rates and the $8000 stimulus check let me know as now is the time to buy. We can find them deals on short sales (if they have patience) or bank foreclosures, or just regular sales as well.
Hope to hear from you soon, and oh by the way if you or anyone you know wants to refinance I can help them with that as well. Thanks !! David
We are having multiple offer situations on bank foreclosures now and they are selling quickly.
I just had my listing at 105 Church in Crowfield sell full price with only 14 days on the market and my listing on Oakhurst in Rivertowne sold in just 18 days on the market.
so, if you know of anyone that wants to take advantage of the low prices, the low rates and the $8000 stimulus check let me know as now is the time to buy. We can find them deals on short sales (if they have patience) or bank foreclosures, or just regular sales as well.
Hope to hear from you soon, and oh by the way if you or anyone you know wants to refinance I can help them with that as well. Thanks !! David
Monday, February 2, 2009
Construction express: First blogg/ foundations
Construction express: First blogg/ foundations
This is the actual link to the blog that I was referring to by a friend in Charleston that did some work on the foundation of our home that we recently sold, hope you find info helpful, David Wertan of Re/Max in Charleston, SC
This is the actual link to the blog that I was referring to by a friend in Charleston that did some work on the foundation of our home that we recently sold, hope you find info helpful, David Wertan of Re/Max in Charleston, SC
Monday, November 24, 2008
Positive News Everywhere You Look
I don't know if you have noticed but the media seems to be flush since the election with positive news !! Yeah !!
First, we have had the two mortgage giants Fannie Mae and Freddie Mac agree to hold off on foreclosures that are now pending in light that they are going to have a new work out program for people to save their homes. I believe that this will greatly effect us in real estate as a lot of homes will now come off of the market and people will be able to remain in their homes versus dumping them as short sales. So, two big benefits, less inventory which in turn will lead to less bank repos being sold at reduced prices.
Second, we have had the biggest run up in the stock market since 1987, first two day advance since September and we are talking big numbers not 1 or 2% increases in stock prices but the likes of 20% plus. This is even holding over to the auto industry as GM ended their deal with Tiger Woods that was costing them $20 million per year and they are cutting other expenses and working on getting their business in order.
Third, is this bailout of Citigroup which had a lot of people worried, and they are saying that the taxpayers might even make some money on the deal.
Fourth, In Charleston we have had over 20,000 transaction sides (10,000 properties) close in the MLS in the past 12 months, so what our market has done better like in 2005 but that was a pace that could not keep up forever, we are now back to earth with a normal amount of houses selling, we have just got to get the supply side under control which hopefully the move by Fannie Mae and Freddie Mac will help accomplish.
Fifth, rates are extremely low, there are some good deals to be had by those that are smart enough to buy now. So, pick up the phone and give me a call to take advantage of this market and don't forget to tell your friends and relatives, too.
Thanks, David Wertan & The Wertan Team of Re/Max Advanced Realty 843-270-6455
First, we have had the two mortgage giants Fannie Mae and Freddie Mac agree to hold off on foreclosures that are now pending in light that they are going to have a new work out program for people to save their homes. I believe that this will greatly effect us in real estate as a lot of homes will now come off of the market and people will be able to remain in their homes versus dumping them as short sales. So, two big benefits, less inventory which in turn will lead to less bank repos being sold at reduced prices.
Second, we have had the biggest run up in the stock market since 1987, first two day advance since September and we are talking big numbers not 1 or 2% increases in stock prices but the likes of 20% plus. This is even holding over to the auto industry as GM ended their deal with Tiger Woods that was costing them $20 million per year and they are cutting other expenses and working on getting their business in order.
Third, is this bailout of Citigroup which had a lot of people worried, and they are saying that the taxpayers might even make some money on the deal.
Fourth, In Charleston we have had over 20,000 transaction sides (10,000 properties) close in the MLS in the past 12 months, so what our market has done better like in 2005 but that was a pace that could not keep up forever, we are now back to earth with a normal amount of houses selling, we have just got to get the supply side under control which hopefully the move by Fannie Mae and Freddie Mac will help accomplish.
Fifth, rates are extremely low, there are some good deals to be had by those that are smart enough to buy now. So, pick up the phone and give me a call to take advantage of this market and don't forget to tell your friends and relatives, too.
Thanks, David Wertan & The Wertan Team of Re/Max Advanced Realty 843-270-6455
Monday, November 17, 2008
Short Sales & Other Alternatives to Foreclosure
Foreclosure has often been thought of in the past as a dirty word ..... to think that someone would not make the payments on their home was unthinkable. Well today in today's economy a lot of people do not have a choice, they got in over their head as they thought the real estate train would never stop and they figured they had better jump on quick. And they did in record numbers, without back up plans, without established savings accounts or emergency accounts.
I too got caught up in all of the frenzy and wound up buying some properties that I now just cannot afford.
Well there is a solution that is much better than foreclosure and yes it will effect your credit but it won't kill it. The short sale as you may have heard a lot about recently in the media and amongst friends and family is a way out, basically a short sale is where the bank takes less than what is owed on the house to save the money it would costs for them to foreclose. It saves the bank thousands of dollars, which is good for the economy, it moves the property through the system quicker which again is good for the economy, and it does not kill the sellers credit which will eventually be good for the economy as they will be able to buy again sooner than later.
All around WIN --- WIN ----- WIN.
Sounds easy doesn't it. Well it is far from easy, it is like pulling teeth to work with these banks that are already in terrible financial messes themselves and it is difficult to get home owners to realize they have an alternative and then get them to work with you in a timely manner to supply the mortgage company with all of the information that they need.
It can be done and we are doing it every day. So, if you or someone you know is having difficulty making their payments and foreclosure just sounds like something they do not want to experience than a short sale is the answer.
First you must look for a Realtor that is still actively selling homes, not those that are sitting whining like little babies about how the market has changed, but those that are taking the bull by the horns and going out and selling homes to buyers that are in this market looking to buy NOW. While prices are down and rates are low !!
Second you need to make sure your Realtor can expose your house to the buyers that are in the market, most of which are finding their homes on the internet. www.remax.com is the #1 Real Estate company site in the world and nobody else even comes close. I also spend a small fortune hosting my own websites of which www.DavidWertan.com is the main one and we also post your home to 19 other different sites like craigslist, yahoo, zillow, etc, and to 14 other real estate agents web sites.
All of this together with our attitude and ability makes it where we can get your home sold. So, Call me, David Wertan & The Wertan Team of Re/Max Advanced Realty in Charleston, SC, at 843-270-6455
I too got caught up in all of the frenzy and wound up buying some properties that I now just cannot afford.
Well there is a solution that is much better than foreclosure and yes it will effect your credit but it won't kill it. The short sale as you may have heard a lot about recently in the media and amongst friends and family is a way out, basically a short sale is where the bank takes less than what is owed on the house to save the money it would costs for them to foreclose. It saves the bank thousands of dollars, which is good for the economy, it moves the property through the system quicker which again is good for the economy, and it does not kill the sellers credit which will eventually be good for the economy as they will be able to buy again sooner than later.
All around WIN --- WIN ----- WIN.
Sounds easy doesn't it. Well it is far from easy, it is like pulling teeth to work with these banks that are already in terrible financial messes themselves and it is difficult to get home owners to realize they have an alternative and then get them to work with you in a timely manner to supply the mortgage company with all of the information that they need.
It can be done and we are doing it every day. So, if you or someone you know is having difficulty making their payments and foreclosure just sounds like something they do not want to experience than a short sale is the answer.
First you must look for a Realtor that is still actively selling homes, not those that are sitting whining like little babies about how the market has changed, but those that are taking the bull by the horns and going out and selling homes to buyers that are in this market looking to buy NOW. While prices are down and rates are low !!
Second you need to make sure your Realtor can expose your house to the buyers that are in the market, most of which are finding their homes on the internet. www.remax.com is the #1 Real Estate company site in the world and nobody else even comes close. I also spend a small fortune hosting my own websites of which www.DavidWertan.com is the main one and we also post your home to 19 other different sites like craigslist, yahoo, zillow, etc, and to 14 other real estate agents web sites.
All of this together with our attitude and ability makes it where we can get your home sold. So, Call me, David Wertan & The Wertan Team of Re/Max Advanced Realty in Charleston, SC, at 843-270-6455
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