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April 2018

 

Whether you are looking to buy or sell, our agents offer the highest levels in real estate expertise and professionalism. Don’t hesitate to contact us and allow us to help guide you through that process!

Berkshire Hathaway HomeServices
C. Dan Joyner, REALTORS


info@cdanjoyner.com   |   
http://www.CDanJoyner.com

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BUYERS’ ADVICE

Five Tips To Buying In the Upstate's Fast Market

In this hot housing market, you may have lost out on several homes already. How can you get the upper hand? Here are five tips:

  1. Get preapproved by a lender. Sharing financial information your lender requests will get you preapproved. You'll know the limits on how much home you can afford, how much money to put down, and what your interest rate will be. A preapproval letter will assure the seller that you're ready to buy.
  2. Trust your real estate professional. Your C. Dan Joyner, REALTORS sales associate knows the market, can feed you new listings that fit your criteria, and has many contacts to learn about homes coming onto the market which you wouldn't get to see otherwise.
  3. Make a realistic must-have list. Pick a neighborhood, house type and price range with a limited number of features. Be prepared to make compromises - smaller, fewer bedrooms or baths.
  4. Consider less-than-perfect homes. Buying the worst house on the best block is a proven strategy. A home that needs repairs and updates will sell at a discount to other homes. Bringing your home up to the neighborhood standards is a quick route to building equity.
  5. Buy under your means. If you get into a bidding war, you'll need a little wiggle room so you can compete. Many homes will sell above list price, so it's smart to keep your cool because you know you can go up if you need to.

MEGA Open House Event -- THIS SUNDAY!

Win an Alexa Prize Package | April 22 | 110+ Open Homes 

C. Dan Joyner, REALTORS' agents will open the doors to over 110 of the company’s listings in Greenville, Spartanburg and surrounding areas THIS Sunday, April 22nd from 2 to 4pm. Homes throughout the Upstate will be included. Visit our event page for a full list and interactive map detailing the homes participating in this year’s event. 

Register for a chance to win an Alexa Prize Package valued at $500! You may enter once for every location you visit on April 22. Please view our contest rules, disclaimer and privacy policy.

Are you considering selling your homeContact us to find out how your home can be included in this or future events!

MORTGAGE ADVICE

Don't Worry About Rising Interest Rates

National average 30-year fixed rate mortgage interest rates have been close to or well under four percent for nearly a decade. They should stay that low forever, right?

Don't bet on it. Low unemployment, rising salaries, fears of inflation and an increasing federal deficit are among many reasons why interest rates are expected to rise in 2018. What happens is that the Federal Reserve raises overnight borrowing rates to banks, causing banks to pass those higher costs onto borrowers. Car loans, credit cards and mortgage loans become more expensive.

But don't let rising rates discourage you from buying a home. While you're going to pay more for your loan in interest, with a correspondingly higher monthly payment, you're getting higher standard tax deductions in 2018 ($13,000 to $24,000 for couples filing jointly, $6,500 to $12,000 for single filers.) Child care credits are more generous, and your mortgage interest payments are still tax deductible, up to loans of $750,000 or more.

According to the mortgage calculator at Bankrate.com, a home purchased by a borrower with excellent credit for $400,000, with 20 percent down ($80,000) and a benchmark 30-year fixed-rate mortgage at 4%, would have a monthly payment of $1527.73. If rates hit 4.5%, the same borrower would pay $1621.39 monthly, or a difference of about $94. Roughly, every increase of an eighth of a point translates to a little less than $25 per month more in your payment. As always, consult your tax professional for specific advice.

Compared that to the tax breaks you're getting, you're ready to go.

SELLERS’ ADVICE

Five Must-do Improvements For Resale

Most buyers want a move-in ready home that's clean, updated and functional and they're willing to pay more to get what they want. Here are just a few improvements you can do that will go a long way with buyers.

  1. Update the finishes. If you're going to improve a room, update everything, even the light switches. Get rid of popcorn ceilings, which are universally reviled by buyers. If you have wood floors, pull up your old carpet and polish the wood until it gleams.
  2. Reconvert the conversions. Conversions are usually awkward, such as garages turned into living spaces. The house and garage elevations are rarely the same, the driveway leads nowhere, and there's no place to park cars away from the next hailstorm. Offer to reconvert on request.
  3. Paint neutrally. Nothing improves a home like fresh paint. Your Berkshire Hathaway Home Services network professional can help you choose sellable colors and finishes.
  4. Fix obvious problems. If you can see it, your buyer will see it, too, so fix the sticking door, the running toilet, the leaky faucet, the busted sprinkler head, the wobbly ceiling fan, the loose doorknob, and so on. Buyers are so turned off by dirt, so plan to deep clean every nook and corner.
  5. Say "Welcome!" with curb appeal. Fresh modern paint on the front door, a new welcome mat, potted flowers, shiny new porch lights all show pride of ownership - something you want your buyers to feel, too.

Check out our Seller's Guide for more tips on maximizing your return and minimizing your headaches!

MARKETPLACE NEWS

C. Dan Joyner, REALTORS Ranks #1 in the Upstate

REAL Trends, the trusted source for news and research about the real estate brokerage industry, announced the results of the 2018 REAL Trends 500, an independently verified compilation of the nation’s leading residential real estate companies.

According to a research report produced by REAL Trends, the 500 largest residential real estate brokerage firms in the nation closed over 3.2 million residential sales transactions in 2017. These transactions represent approximately one-third of all new and resale transactions completed by brokers during the year, yet the REAL Trends 500 represented less than one-half of one percent of all brokerage firms. The 500-ranked brokers closed 3.2 million home transactions with a value of over $1.1 trillion during 2017, up from $1.0 trillion in the calendar year 2016.

Included in The 500 is Berkshire Hathaway HomeServices C. Dan Joyner, REALTORS headquartered in Greenville, SC. C. Dan Joyner, REALTORS closed 4,473 transactions for a combined sales volume of over $1 billion in 2017, ranking it as the top firm in the Upstate of South Carolina.

This year’s survey represents the most comprehensive collection of data assembled on the leaders of the residential brokerage industry. Numbers are documented by outside accounting firms.

“Housing sales in the nation were up 1.1 percent in 2017 from 2016. REAL Trends 500 firms were up 3.3 percent in the same period,” said Steve Murray, president of REAL Trends. “For the fourth year in a row, the nation’s largest brokerage firms gained market share.”

It took 1,899 transactions to be included in this year’s REAL Trends 500, up from a minimum of 1,843 transactions a year ago. In 2016, there were 235 firms recording over $1 billion in residential sales while there were 274 firms that accomplished this in 2017.

To view the rankings, go to https://www.realtrends.com/rankings/rt500.

HERE WE GROW AGAIN

We Welcomed These Agents to the Company in January and February

Hayden Ridlehoover | Greer
Josh Michael | Simpsonville
Graeme Milley | Commercial
Bob Hurt | Simpsonville
Tyeisha Jackson | Simpsonville
Roderick Duncan | Commercial
Tyler Knauss | Commercial
Jonathan Fricks | Anderson
Stephanie Williamson | Anderson
Jamie Thompson | Greer
Renee Watts | Anderson
Ramona Braun | Pelham Road
Lloyd Nelson | Augusta Road
Kathryn Monahan | Garlington Road
Anisha Foster | Boiling Springs
Marsha Foster | Boiling Springs
Angela Burnette Moore | Anderson
Amanda Bullard | Greer
Skipper Smith | Pelham Road
Rosa Seay | Garlington Road
Paige Quattlebaum | Anderson
Mitchell Cain | Simpsonville
Jamie Jo Noble | Greer
Tony Rebucci | N. Pleasantburg
Teresa Beeker | Augusta Road
Jennifer Elgin | Anderson
Dina Lopez | Simpsonville
Stephanie Sheppard | Simpsonville
Kayla Burney-Ham | Garlington Road
Melissa Schwiers | Simpsonville
Tecla Zobel | N. Pleasantburg
Robert Tarry | Greer
Shenice Smith | Anderson
Tim Callahan | Easley
Kevin Ruck | Greer
Kai-Ling Rachek | Simpsonville

 

Curious why so many new and experienced real estate professionals have chosen C. Dan Joyner, REALTORS as their professional home? Let us show you why. Contact Duane Bargar, our Director of Recruiting, to schedule a confidential phone call or interview. 
 

 
 
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