5 Reasons to Sell This Fall

  • By Eddie Yandle
  • 13 Oct, 2016

What does the housing market look like in Columbia and Nationally? 

School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family.

Here are five reasons why you should consider selling your house this fall:  

1. Demand Is Strong

The latest Realtors’ Confidence Index   from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now!

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

According to NAR’s  latest Existing Home Sales Report , the supply of homes for sale is still under the 6-month supply that is needed for a normal housing market at 4.7-months.

This means, in most areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.

There is a pent-up desire  for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity  as real estate values have increased over the last two years. Many of these homes will be coming to the market this fall.

Also, as builders regain confidence in the market, new construction of single-family homes is projected to continue to increase over the next two years, reaching historic levels by 2017. Last month’s   new home sales   numbers show that many buyers who have not been able to find their dream home within the existing inventory have turned to new construction to fulfill their needs.

The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.

3. The Process Will Be Quicker

Fannie Mae   announced that they anticipate an acceleration in home sales that will surpass 2007's pace. As the market heats up, banks will be inundated with loan inquiries causing closing-time lines to lengthen. Selling now will make the process quicker & simpler.  

4. There Will Never Be a Better Time to Move Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 5.3% over the next year, according  to CoreLogic . If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

According to   Freddie Mac’s   latest   report , you can also lock-in your 30-year housing expense with an interest rate around 3.46% right now. Interest rates are projected to increase moderately over the next 12 months. Even a small increase in rate will have a big impact on your housing cost.

5. It’s Time to Move On with Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.  

That is what is truly important.


Eddie
Yandle
Executive Construction Homes
Elgin SC
803-748-1234
As a new home builder serving the Columbia, Irmo, Elgin, Fort Jackson, Lexington and surrounding areas in SC, Executive Construction Homes has been building value and distinction since 1989. Specializing in custom homes for homeowner designed homes on their home-site from the 300’s to $3,000,000, Executive Construction Homes also builds in communities from the $120’s-$500,000’s. Bring your plan, ideas or use ours...our in house draftsman and designers are here to help.

The Villas News

By Eddie Yandle 09 Oct, 2017

The Aspiring Home Buyers Profile  from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that non-homeowners cite the main reason for not currently owning a home, as not being able to afford one.

This brings us to two major misconceptions that we want to address today.

1. Down Payment

NAR’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 39% of non-homeowners say they believe they need more than 20% for a down payment on a home purchase. In actuality, there are many loans written with a down payment of 3% or less.

Many renters may actually be able to enter the housing market sooner  than they ever imagined with new programs that have emerged allowing less cash out of pocket.

2. FICO® Scores

An Ipson survey revealed that 62% of respondents believe they need excellent credit to buy a home, with 43% thinking a “good credit score”  is over 780. In actuality, the average FICO® scores  of approved conventional and FHA mortgages are much lower.

The average conventional loan closed in August had a credit score of 752, while FHA mortgages closed with a score of 683. The average across all loans closed in August was 724. The chart below shows the distribution of FICO® Scores for all loans approved in August.

Bottom Line

If you are a prospective buyer who is ‘ready’ and ‘willing’ to act now, but are not sure if you are ‘able’ to, let’s sit down to help you understand your true options.

By Eddie Yandle 09 Oct, 2017
Spirits Alive!
Thursday, Oct. 12
Tours every 30 minutes from 6 - 9:30 p.m. (Last tour begins at 8:30)

Grab your flashlight and join Historic Columbia and Elmwood Cemetery staff for guided tours presenting some of Columbia’s eerie and peculiar past by the light of the moon! Different than the regular monthly tours, Spirits Alive! Cemetery Tours feature costumed tour guides, snacks and other Halloween-related activities. These are some of our most popular tours and a great way to get in the mood for fall!
By Eddie Yandle 06 Oct, 2017
The Villas is about easy, MAINTENANCE- FREE LIVING!
 Take your weekends back and spend time doing what matters most. 
Brick luxury homes in a gated community surrounded by walking trails, tennis, golf, restaurants and shopping.
Woodcreek Farms!

Augusta III- MLS 429052-  $432,161
355 Turnwall Lane- 3 BR, 3BA, Bonus Room, 2967 Feet

Sawgrass III- MLS 429245- $395,139
361 Turnwall Lane- 4BR, 3BA, Bonus Room-2750 Feet



Torrey Pines I- MLS 432717-$382,323
362 Turnwall Lane- 3 BR, 2BA, Study/Dining, 2340  Feet


All Pricing and Plans are subject to change without notice.    All plans/renderings/photos displayed on website and marketing materials are conceptual and subject to change. Please see sales contract for your home’s specific sales specifications and design, as all homes pricing, options and features are subject to change without notice. Homes to be complete to industry standards.


By Eddie Yandle 17 Jul, 2017

G arden Workshop | Perennials in the Southern Garden

July 29  | 10 a.m. - Noon  
Join Historic Columbia for a Garden Workshop and learn about southern garden perennials and southern garden design, execution and maintenance. Special guest David Poston, senior horticulturist at Moore Farms Botanical Garden  in Lake City, S.C., will share some of his favorite garden perennials that thrive in warm, humid climates. In addition, Historic Columbia’s garden experts will be on-hand to share the ins and outs of show stopping perennials that are easily able to fit within your southern garden. More information here

By Eddie Yandle 07 Jun, 2017

See our specialty events through out the Midlands, such as Hot dog grill outs, Donuts for Dads, Social media events, and games!! Like our houses, we have something for everybody! Stop by our locations!! Our event calendar is powered by eventbrite, so sign up today- Remember it is FREE and family friendly!!


As you tour these lovely neighborhoods, homes and communities remember that a new home is still one of the most sound investments you can make. Interest rates are still among the lowest they’ve been in the last 25 years, so now is one of the best times to buy a new home. Perhaps one of the homes or communities you see will be the one that is perfect for your family.

The 2017 Tour of Homes Planbook will soon be available for free on-line and for free in print at the BIA of Central SC office at 625 Taylor St., at homes and communities on the TOUR and at all Columbia-area Coldwell Banker Residential Brokerage locations  - check back here for details closer to the event. The planbook has descriptions of all the homes and directions. Don't forget to follow us on Facebook , too!

Columbia's Largest Open House of New Homes for Sale is the 2017 TOUR OF HOMES coming this June 10-11, 17-18 & 24-25. The annual scattered-site showing offers Featured Communities, New Homes, Apartment Communities and Senior Living Communities for your inspection. Homes are open each Saturday from 11am to 6pm and each Sunday from 1pm to 6pm.

The TOUR OF HOMES showcases the best new home communities and homes in every price range. Columbia’s finest builders and developers show you their innovative ideas, special design features, dynamic floor plans and fine craftsmanship. You'll also be able to see some of the areas newest apartment communities and senior living communities.

By Eddie Yandle 07 Jun, 2017

See our specialty events through out the Midlands, such as Hot dog grill outs, Donuts for Dads, Social media events, and games!! Like our houses, we have something for everybody! Stop by our locations!! Our event calendar is powered by eventbrite, so sign up today- Remember it is FREE and family friendly!!


As you tour these lovely neighborhoods, homes and communities remember that a new home is still one of the most sound investments you can make. Interest rates are still among the lowest they’ve been in the last 25 years, so now is one of the best times to buy a new home. Perhaps one of the homes or communities you see will be the one that is perfect for your family.

The 2017 Tour of Homes Planbook will soon be available for free on-line and for free in print at the BIA of Central SC office at 625 Taylor St., at homes and communities on the TOUR and at all Columbia-area Coldwell Banker Residential Brokerage locations  - check back here for details closer to the event. The planbook has descriptions of all the homes and directions. Don't forget to follow us on Facebook , too!

Columbia's Largest Open House of New Homes for Sale is the 2017 TOUR OF HOMES coming this June 10-11, 17-18 & 24-25. The annual scattered-site showing offers Featured Communities, New Homes, Apartment Communities and Senior Living Communities for your inspection. Homes are open each Saturday from 11am to 6pm and each Sunday from 1pm to 6pm.

The TOUR OF HOMES showcases the best new home communities and homes in every price range. Columbia’s finest builders and developers show you their innovative ideas, special design features, dynamic floor plans and fine craftsmanship. You'll also be able to see some of the areas newest apartment communities and senior living communities.

By Eddie Yandle 07 Jun, 2017

See our specialty events through out the Midlands, such as Hot dog grill outs, Donuts for Dads, Social media events, and games!! Like our houses, we have something for everybody! Stop by our locations!! Our event calendar is powered by eventbrite, so sign up today- Remember it is FREE and family friendly!!


As you tour these lovely neighborhoods, homes and communities remember that a new home is still one of the most sound investments you can make. Interest rates are still among the lowest they’ve been in the last 25 years, so now is one of the best times to buy a new home. Perhaps one of the homes or communities you see will be the one that is perfect for your family.

The 2017 Tour of Homes Planbook will soon be available for free on-line and for free in print at the BIA of Central SC office at 625 Taylor St., at homes and communities on the TOUR and at all Columbia-area Coldwell Banker Residential Brokerage locations  - check back here for details closer to the event. The planbook has descriptions of all the homes and directions. Don't forget to follow us on Facebook , too!

Columbia's Largest Open House of New Homes for Sale is the 2017 TOUR OF HOMES coming this June 10-11, 17-18 & 24-25. The annual scattered-site showing offers Featured Communities, New Homes, Apartment Communities and Senior Living Communities for your inspection. Homes are open each Saturday from 11am to 6pm and each Sunday from 1pm to 6pm.

The TOUR OF HOMES showcases the best new home communities and homes in every price range. Columbia’s finest builders and developers show you their innovative ideas, special design features, dynamic floor plans and fine craftsmanship. You'll also be able to see some of the areas newest apartment communities and senior living communities.

By Eddie Yandle 16 May, 2017
By Eddie Yandle 10 Mar, 2017

 A  recent survey found that South Carolina was a top destinations for movers in 2016.   mmatney@islandpacket.com   Mandy Matney

BY MANDY MATNEY

mmatney@islandpacket.com

The Palmetto State is the place to be, apparently.

South Carolina recently ranked as the No. 5 state for inbound movers, according to the   United Van Lines’ National Movers Study , which tracks customers’ state-to-state migration patterns over the past year.


By Eddie Yandle 03 Mar, 2017

RESNET’s HERS Index has been getting a whole lot of press recently. It’s steadily gaining traction with builders and home sellers, who are  marketing their homes via HERS Index Scores . Homebuyers are now comparing houses based on their scores before they decide to buy.

After all, a lower  HERS Index Score  means a more energy efficient home, which translates into lower energy costs for both homeowners and potential homebuyers.

  • A standard American resale home is rated at 130 on the HERS Index.
  • A standard American new home is rated at 100 on the HERS Index.
  • A home with a HERS Index Score of 50 is 50% more energy efficient than a standard American new home.
  • A home with a HERS Index Score of 150 is 50% less efficient than a standard American new home.

If you’re a homeowner looking to sell your home, you have to get an energy rating.

What’s an Energy Rating and Where Can I Get One?

A home energy rating is a comparative analysis of how energy efficient your home is when compared to similar homes. In other words, a  certified RESNET Home Energy Rater  will conduct a series of tests on your home to ascertain how efficiently it’s performing. Based on the performance results, the rater will issue the home a HERS Index Score (which shows how well your home rates in terms of energy efficiency) and provide you with a detailed report highlighting the energy problems in the home.

What’s Tested during an Energy Rating?

A certified RESNET Home Energy Rater will conduct testing (i.e., an air leakage test, duct leakage test and combustion safety testing) in such areas as:

  • All exterior walls (both above and below grade)
  • Floors over unconditioned spaces (e.g., garages or cellars)
  • Ceilings and roofs
  • Attics, foundations and crawlspaces
  • Windows and doors, vents and ductwork
  • HVAC systems, water heating system, and thermostats

Why Get an Energy Rating?

As a homeowner, an energy rating provides you with a good idea about issues like:

  • How much your home is really costing you
  • How you can cut your energy costs
  • Discover cost-effective ways to increase your home’s comfort level
  • Help add to your home’s resale value

If you’re in the market to buy a home, well, there’s  no better way to establish the real cost  of one than by its HERS Index Score.  The cost of a home is more than just the mortgage – it’s also your monthly energy bills. By reviewing homes by their HERS Index Scores, you can tell which one is more affordable, sort of like comparing the MPG (miles-per-gallon) stickers on new cars.

The housing industry is changing and the HERS Index is leading the charge. Therefore, it makes good sense to contact a certified RESNET Home Energy Rater for an energy audit; as they say, knowledge is power and knowing your HERS Index Score can lead to a whole lot of power – literally!

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