Friday, December 26, 2008
Happy Holidays, Season's Greetings, Merry Christmas & Happy Hanukah
Happy Holidays to everyone! I hope you all had lots of wonderful time with your friends and family! I have great news....The lake level came up 2 whole feet since 12/15/08!!!I'm ever so thankful for the rain!
Friday, December 19, 2008
Rates hit historic lows!
Check out the rate below
NationsMortgage
Are you having problems coming up with the
large downpayment their bank is requiring? For credit
worthy borrowers, this should not be a problem. Check
out the programs below.
Here are some of our niches that will help alomost everyone!:
1. 102% financing with our Rural Housing Program
*call for details
2. 97% financing with FHA and Conventional loans
3. 97% financing for customers with no credit score
4. 80% financing on Investment Properties and 2nd homes
5. Stated Income loans are still available
6. Jumbo loans up to $5,000,000.
7. 95% financing on manufactured homes
8. We also do all types of Commercial Properties
9. 80% financing down to a 525 credit score.
75% financing down to a 500 credit score.
* seller held second mortgages available for each.
10. Bank statement programs available. This is great for your customers
who don’t show much income on tax returns but are depositing plenty of money
in the bank each month.
* Keep in mind that for the time being, guidelines can change quickly. I’ll
keep everyone updated if any more changes occur.
My rates today are:
30 Year FIXED rate @ 4.50%
Thank you for the opportunity to earn your business.
Jon Herring
NationsMortgage
302 Williamston Road
Anderson, S.C. 29621
864-328-1770 (office)
864-328-1778 (direct)
877-328-1770 (toll free)
864-940-0259 (cell)
NationsMortgage
Are you having problems coming up with the
large downpayment their bank is requiring? For credit
worthy borrowers, this should not be a problem. Check
out the programs below.
Here are some of our niches that will help alomost everyone!:
1. 102% financing with our Rural Housing Program
*call for details
2. 97% financing with FHA and Conventional loans
3. 97% financing for customers with no credit score
4. 80% financing on Investment Properties and 2nd homes
5. Stated Income loans are still available
6. Jumbo loans up to $5,000,000.
7. 95% financing on manufactured homes
8. We also do all types of Commercial Properties
9. 80% financing down to a 525 credit score.
75% financing down to a 500 credit score.
* seller held second mortgages available for each.
10. Bank statement programs available. This is great for your customers
who don’t show much income on tax returns but are depositing plenty of money
in the bank each month.
* Keep in mind that for the time being, guidelines can change quickly. I’ll
keep everyone updated if any more changes occur.
My rates today are:
30 Year FIXED rate @ 4.50%
Thank you for the opportunity to earn your business.
Jon Herring
NationsMortgage
302 Williamston Road
Anderson, S.C. 29621
864-328-1770 (office)
864-328-1778 (direct)
877-328-1770 (toll free)
864-940-0259 (cell)
Wednesday, December 3, 2008
There is financing out there!
NationsMortgage
For credit worthy borrowers, financing should not be a problem. Check
out the programs below.
Here are some of our niches that will help you sell every home you list:
1. 102% financing with our Rural Housing Program
*call for details
5.5% for 30 year fixed at 102% financing
2. 97% financing with FHA and Conventional loans
3. 97% financing for customers with no credit score
4. 80% financing on Investment Properties and 2nd homes
5. Stated Income loans are still available
6. Jumbo loans up to $5,000,000.
7. 95% financing on manufactured homes
8. We also do all types of Commercial Properties
9. 80% financing down to a 525 credit score.
75% financing down to a 500 credit score.
* seller held second mortgages available for each.
10. Bank statement programs available. This is great for your customers
who don’t show much income on tax returns but are depositing plenty of money
in the bank each month.
* Keep in mind that for the time being, guidelines can change quickly. I’ll
keep everyone updated if any more changes occur.
My rates today are:
30 Year FIXED rate @ 5.125%
Thank you for the opportunity to earn your business.
Jon Herring
NationsMortgage
302 Williamston Road
Anderson, S.C. 29621
864-328-1770 (office)
864-328-1778 (direct)
877-328-1770 (toll free)
864-940-0259 (cell)
For credit worthy borrowers, financing should not be a problem. Check
out the programs below.
Here are some of our niches that will help you sell every home you list:
1. 102% financing with our Rural Housing Program
*call for details
5.5% for 30 year fixed at 102% financing
2. 97% financing with FHA and Conventional loans
3. 97% financing for customers with no credit score
4. 80% financing on Investment Properties and 2nd homes
5. Stated Income loans are still available
6. Jumbo loans up to $5,000,000.
7. 95% financing on manufactured homes
8. We also do all types of Commercial Properties
9. 80% financing down to a 525 credit score.
75% financing down to a 500 credit score.
* seller held second mortgages available for each.
10. Bank statement programs available. This is great for your customers
who don’t show much income on tax returns but are depositing plenty of money
in the bank each month.
* Keep in mind that for the time being, guidelines can change quickly. I’ll
keep everyone updated if any more changes occur.
My rates today are:
30 Year FIXED rate @ 5.125%
Thank you for the opportunity to earn your business.
Jon Herring
NationsMortgage
302 Williamston Road
Anderson, S.C. 29621
864-328-1770 (office)
864-328-1778 (direct)
877-328-1770 (toll free)
864-940-0259 (cell)
Friday, October 31, 2008
Boo! It's Halloween! Be Safe & Careful!
Happy Halloween Everyone! Well, the holiday season has officially begun. Thanksgiving is coming soon and then Christmas will be around the corner. I think it would be a great idea to have a Christmas Boat Parade (for those of us who still have our boats in the water) just to show everyone that the drought doesn't have all of our spirits down. Lake Hartwell always comes back and it'll come back this time too. This is a wonderful place to live, work & play and I hope that many more people can find their way to this gorgeous part of the country (Western Upstate S.C. & Northeast Ga./ Lakes Hartwell & Keowee). Everyone get ready and.......DO A BIG RAINDANCE!!!!!
Thursday, October 30, 2008
Fall Glorious Fall!
What a BEAUTIFUL Fall day it is on Lake Hartwell! I think I'll go out and take some new Fall photos of some of my listings today. Fall is almost the prettiest season on Lakes Hartwell & Keowee! ~Today, try to take the time to concentrate on the possitive aspects of our lives. We all have so much to be grateful for!
Tuesday, October 28, 2008
Constantly Learning as Real Estate Markets Change
Education is a very important part of being a Real Estate Agent. My husband, Gary Smith, and I have been taking advantage of this "Slow Market" by completing education that we wouldn't normally have time for during out Busy Markets of the past several years. I have recently completed the coursework to get my E-Pro Designation and this has taught me so much about internet marketing and helpful tools to get in order to show my properties off in their best possible light as well as help our buyers & sellers by making things much more convenient. I also completed my education to get my SC Real Estate Broker's License and have passed my LLR State examinations. Currently I am working on getting my RSPS (Resort & Second Home Specialist) Designation which many of our buyers & sellers will benefit from. Both Gary and I are Accredited Buyer Representatives (ABR) and use many tools to help buyers with full representation. I would have to say that our BIGGEST accomplishment was that my husband, Gary Smith, has completed his course work to get his US Coast Guard Boat Captain's License and passed the final exam with flying colors. He is currently taking mandatory CPR classes and leaves this weekend for Charleston to take his coursework to obtain his Master's Captain License. This is quite an accomplishment and I am very proud of him!
Tuesday, September 30, 2008
Finding the Right Home
With all the choices in today's market, how do you go about finding the right home? It seems the more research you do, the more alternatives you discover.
It's important to visualize your needs and plan ahead. "Know what you want in a home, what's important to you, and what you can live without," Parker Quigley, Realtor of ReMax Foothills/ Anderson says. "Many of us start out with a champagne taste and a beer pocketbook, so it's important to be realistic," she adds.
Where and what you buy will affect you for as long as you live in the house. "Get your priorities in order before you start looking or even talk to a real estate broker or sales associate," Quigley says.
For first-time home buyers this is a new experience, so it's especially important to do your homework. If you currently own a home, you know exactly what's lacking. You may need another bedroom or bathroom, or a good school nearby.
First, decide where you want to live. A big part of the answer hinges on where and how you earn a living. If your job requires a lot of reading or is quite stressful, public transportation may offer valuable time to sit quietly. "Regardless, you should practice the commute in rush hour before you make a commitment. A seemingly quiet road can transform into gridlock during peak hours," Quigley cautions.
People with children have other major considerations: school and safety. If you plan to send your children to private schools, you can live where you want assuming you can easily arrange transportation. On the other hand, a lavish public school system may indicate high local real estate taxes. Check them out.
Obviously, lifestyle is an important consideration. People who frequently dine out, go dancing and attend the theater probably belong in the city or a close-in suburb. "In other words, make sure you're in close proximity to the things that matter most," Quigley says.
It used to be that homes came in a limited variety, but today, you have many choices. In addition to the traditional single-family home, you can buy a townhouse, condominium or apartment condominium or co-op.
In planned unit developments (PUDs), you can find almost any combination. In condos and other such communities, make sure the rules and regulations, as well as the by-laws, match your lifestyle. This type of housing is great for people who want to own their own space without being responsible for mowing the lawn or repairing the roof; a management company handles that.
On the other hand, you'll pay fees for these services. "In addition to checking the documents and financial soundness of the homeowner's association, you must determine if the monthly fees are worth the services and additional amenities such as a swimming pool or exercise room", Quigley explains.
Affordability can be a factor not only in the type of housing, but whether it's new or an existing home. Old houses often have fine woodwork or interesting nooks and crannies not normally found in new homes. They generally sit on landscaped lots with mature trees and grown bushes.
New homes may cost more, but you can make many more decisions on amenities, colors, carpeting and fixtures. "Make sure you're dealing with a reputable builder, and have an attorney review all documents, Quigley says.
Selecting a real estate professional is an important first step in beginning your search. "Ask for personal recommendations to find an individual who is knowledgeable about the neighborhood and has access to the local Multiple Listing Service," Quigley says. Make sure you feel confident about his or her knowledge and skills, and understand the business relationship that you have established between you.
Parker Quigley is one of more than 40,000 members of the Real Estate BUYER'S AGENT Council (REBAC) of the NATIONAL ASSOCIATION OF REALTORS®, who have attained the ABR®, Accredited Buyer Representative, designation. As the world's largest association of real estate professionals focusing specifically on representing the real estate buyer, REBAC is "The Voice for Buyer Representation," with more than 44,000 active real estate professional members of the organization throughout the world.
With all the choices in today's market, how do you go about finding the right home? It seems the more research you do, the more alternatives you discover.
It's important to visualize your needs and plan ahead. "Know what you want in a home, what's important to you, and what you can live without," Parker Quigley, Realtor of ReMax Foothills/ Anderson says. "Many of us start out with a champagne taste and a beer pocketbook, so it's important to be realistic," she adds.
Where and what you buy will affect you for as long as you live in the house. "Get your priorities in order before you start looking or even talk to a real estate broker or sales associate," Quigley says.
For first-time home buyers this is a new experience, so it's especially important to do your homework. If you currently own a home, you know exactly what's lacking. You may need another bedroom or bathroom, or a good school nearby.
First, decide where you want to live. A big part of the answer hinges on where and how you earn a living. If your job requires a lot of reading or is quite stressful, public transportation may offer valuable time to sit quietly. "Regardless, you should practice the commute in rush hour before you make a commitment. A seemingly quiet road can transform into gridlock during peak hours," Quigley cautions.
People with children have other major considerations: school and safety. If you plan to send your children to private schools, you can live where you want assuming you can easily arrange transportation. On the other hand, a lavish public school system may indicate high local real estate taxes. Check them out.
Obviously, lifestyle is an important consideration. People who frequently dine out, go dancing and attend the theater probably belong in the city or a close-in suburb. "In other words, make sure you're in close proximity to the things that matter most," Quigley says.
It used to be that homes came in a limited variety, but today, you have many choices. In addition to the traditional single-family home, you can buy a townhouse, condominium or apartment condominium or co-op.
In planned unit developments (PUDs), you can find almost any combination. In condos and other such communities, make sure the rules and regulations, as well as the by-laws, match your lifestyle. This type of housing is great for people who want to own their own space without being responsible for mowing the lawn or repairing the roof; a management company handles that.
On the other hand, you'll pay fees for these services. "In addition to checking the documents and financial soundness of the homeowner's association, you must determine if the monthly fees are worth the services and additional amenities such as a swimming pool or exercise room", Quigley explains.
Affordability can be a factor not only in the type of housing, but whether it's new or an existing home. Old houses often have fine woodwork or interesting nooks and crannies not normally found in new homes. They generally sit on landscaped lots with mature trees and grown bushes.
New homes may cost more, but you can make many more decisions on amenities, colors, carpeting and fixtures. "Make sure you're dealing with a reputable builder, and have an attorney review all documents, Quigley says.
Selecting a real estate professional is an important first step in beginning your search. "Ask for personal recommendations to find an individual who is knowledgeable about the neighborhood and has access to the local Multiple Listing Service," Quigley says. Make sure you feel confident about his or her knowledge and skills, and understand the business relationship that you have established between you.
Parker Quigley is one of more than 40,000 members of the Real Estate BUYER'S AGENT Council (REBAC) of the NATIONAL ASSOCIATION OF REALTORS®, who have attained the ABR®, Accredited Buyer Representative, designation. As the world's largest association of real estate professionals focusing specifically on representing the real estate buyer, REBAC is "The Voice for Buyer Representation," with more than 44,000 active real estate professional members of the organization throughout the world.
Thursday, September 11, 2008
1031 Tax Exchange ( Vacation/ 2nd homes)
****Courtesy of the Western Upstate Assoc. of Realtors***
1031 and Vacation Homes Rev Proc 2008-16
Can you do a 1031 Exchanges on a Vacation Home?
Taxpayers wanting to defer taxes on a vacation home through a Section 1031 like-kind exchange have
contended with incomplete guidelines for many years. A 1031 Exchange allows taxpayers to sell "business
or investment" property and purchase replacement property within the current regulations and have the
opportunity to defer or eliminate all the Federal and State Taxes. The current tax law will only allow you
to use Section 1031 for assets "held" either "for use in a trade or business" or "for investment." Property
that is held for personal use like a pure second home usually did not qualify. On February 15, 2008, the IRS
released Revenue Procedure 2008-16.
The IRS has never given guidance on how to handle these dual properties that have both personal and
investment use. Most vacation homes were rented, but no one knew how much personal use was allowed.
With Revenue Procedure 2008-16, the IRS will allow a vacation home to qualify for a Section 1031
exchange if the following conditions are met:
For the relinquished property
• You have owned it at least 24 months before the exchange
• In each of the two 12-month periods prior to the exchange the property has been rented at fair
value for 14 days or more
• The taxpayer's personal use of the property during the prior two 12-month periods doesn't
exceed the greater of 14 days, or-10% of the number of days during the periods that the
property is rented at a fair rental rate.
As with any 1031 exchange the replacement property must also qualify for business or investment property
test. The new Revenue Procedure will allow the property to qualify for 1031 exchange if the property is
held for at least 24 months after the exchange. Also the personal use and rental for the two 12 subsequent
12 month periods meet the same 14 day/10% test that hold for the property given up.
Please note that the Revenue Procedure is a just a Safe Harbor or guideline. The Safe Harbor means that if
you follow these rules your exchange will not fall under IRS scrutiny. If you do not meet these rules exactly
it does not preclude your exchange from qualifying.
Check with your tax attorney or 1031 Exchange Facilitator for more information.
1031 and Vacation Homes Rev Proc 2008-16
Can you do a 1031 Exchanges on a Vacation Home?
Taxpayers wanting to defer taxes on a vacation home through a Section 1031 like-kind exchange have
contended with incomplete guidelines for many years. A 1031 Exchange allows taxpayers to sell "business
or investment" property and purchase replacement property within the current regulations and have the
opportunity to defer or eliminate all the Federal and State Taxes. The current tax law will only allow you
to use Section 1031 for assets "held" either "for use in a trade or business" or "for investment." Property
that is held for personal use like a pure second home usually did not qualify. On February 15, 2008, the IRS
released Revenue Procedure 2008-16.
The IRS has never given guidance on how to handle these dual properties that have both personal and
investment use. Most vacation homes were rented, but no one knew how much personal use was allowed.
With Revenue Procedure 2008-16, the IRS will allow a vacation home to qualify for a Section 1031
exchange if the following conditions are met:
For the relinquished property
• You have owned it at least 24 months before the exchange
• In each of the two 12-month periods prior to the exchange the property has been rented at fair
value for 14 days or more
• The taxpayer's personal use of the property during the prior two 12-month periods doesn't
exceed the greater of 14 days, or-10% of the number of days during the periods that the
property is rented at a fair rental rate.
As with any 1031 exchange the replacement property must also qualify for business or investment property
test. The new Revenue Procedure will allow the property to qualify for 1031 exchange if the property is
held for at least 24 months after the exchange. Also the personal use and rental for the two 12 subsequent
12 month periods meet the same 14 day/10% test that hold for the property given up.
Please note that the Revenue Procedure is a just a Safe Harbor or guideline. The Safe Harbor means that if
you follow these rules your exchange will not fall under IRS scrutiny. If you do not meet these rules exactly
it does not preclude your exchange from qualifying.
Check with your tax attorney or 1031 Exchange Facilitator for more information.
Monday, September 8, 2008
Monday......already!!!!!
Welcome back! My husband, Gary, and I took a wonderful leisurely ride in our cruizer on both Friday & Saturday nights to Portman Marina to dine at THE GALLEY restaurant. The have wonderful entree choices such as Prime Rib, King Crab Legs, Stuffed Flounder and many small dishes from the Tapas Bar in the Hearth Room. Living on Lake Hartwell is like being on vacation every day!!!!Ahhh, life is good! ~Parker
Tuesday, September 2, 2008
Labor Day Weekend's Over....Back to work!
I hope everyone had a great Labor Day Weekend! Lake Hartwell is quiet again and Fun was had by all!
~Parker
~Parker
Sunday, August 31, 2008
Labor Day
Happy Labor Day Weekend! Hopefully all boaters on Lake Hartwell are being extra cautious this year (with the lower water levels). There are many trees exposed ( a whole forest at the southern end of Andersonville Island) and large shoals peaking up above the water. Many visitors to Lake Hartwell come to our lake infrequently and are not aware of the potential danger of not knowing the lake. I saw a lot of examples of this yesterday on my boat ride, from the Seneca River to the Tugaloo River, to install a For Sale Sign on a Boat Dock.
The most beautiful season to enjoy Lake Hartwell is fast approaching. The summer haze will disappear, the trees will come alive with vibrant colors of red, yellow & orange and the sky will be the clearest blue you can imagine. I absolutely love fall on Lake Hartwell!!! Fall is also a good time to take care of small home repairs before you close up your Lake Home for the season. The Handymen for the jobs are 1)Keith Stokes (phone number is: 864-617-1653). Keith is a licensed electrician, great carpenter & also does small plumbing jobs. 2) Stephen Rahn (phone number is: 864-449-3396). Stephen specializes in small engine repair, installation of electronics, radios & GPS, on boats and can arrange for you to add a Sunroom to your Lake Home in a flash among many other things. Please check my blog daily for helpful information as well as schedules of local happenings around Lake Hartwell! ~Parker
The most beautiful season to enjoy Lake Hartwell is fast approaching. The summer haze will disappear, the trees will come alive with vibrant colors of red, yellow & orange and the sky will be the clearest blue you can imagine. I absolutely love fall on Lake Hartwell!!! Fall is also a good time to take care of small home repairs before you close up your Lake Home for the season. The Handymen for the jobs are 1)Keith Stokes (phone number is: 864-617-1653). Keith is a licensed electrician, great carpenter & also does small plumbing jobs. 2) Stephen Rahn (phone number is: 864-449-3396). Stephen specializes in small engine repair, installation of electronics, radios & GPS, on boats and can arrange for you to add a Sunroom to your Lake Home in a flash among many other things. Please check my blog daily for helpful information as well as schedules of local happenings around Lake Hartwell! ~Parker
Saturday, August 30, 2008
Rain, Rain, Rain & More Rain....I hope!
Lake Hartwell and the surrounding areas got some good soaking rains last week (along with some Tornados). The lake Level came up over a foot and hopefully we'll see more improvement of lake levels from impending tropical storms/ hurricanes swirling around in the caribbean. ***Tip of the day: make sure you keep your Boat Dock pushed out and floating if at all possible. Docks being grounded (along with Boats parked within) can cause serious damage to both your watercraft as well as your boat dock. You may call Ernest Rogers @ 864-934-7021 to help you with extending Dock Cables and pushing your dock out. More Later....Parker
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