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207 Edenbridge Lane – Spartanburg, SC UNDER CONTRACT

2011 Palmetto Heroes Loan Program for Spartanburg County

SOUTH CAROLINA STATE HOUSING FINANCE AND DEVELOPMENT AUTHORITY

ANNOUNCES…

THE 2011 PALMETTO HEROES PROGRAM

For

POLICE OFFICERS-FIRE FIGHTERS-EMS

TEACHERS – NURSES -VETERANS

April 29, 2011

SC State Housing Authority is excited to announce our 2011 PALMETTO HEROES PROGRAM. The Heroes selected for the 2011 initiative are “Police Officers – Fire Fighters – EMS – Teachers – Nurses – Veterans. Borrower(s) must meet State Housings First-Time Homebuyer requirements. The program Features a reduced mortgage interest rate and down payment assistance is available. The Funding will be limited to $15 million. Loans are available on a first come first served basis and borrowers must have an accepted sales contract on a home prior to reserving funds. All State Housing loan policies and procedures will be in affect for this program. See our program guides and manual for specific loan details.

Police Officers – Borrower must be a full-time police officer with state or local government agency including correctional officers with the South Carolina State Department of Corrections.

Fire Fighters and EMS - Borrower must be a full-time or volunteer fire fighter or EMS with a state or local government agency. EMS may be employed by a company contracted by the county/city to provide EMS Services.

Teachers – Borrower must have a South Carolina Teachers Certification and be employed as a classroom teacher or have a contract to begin teaching and to receive a paycheck within 60 days of closing on the home.

Nurses – Borrower must have a Nursing Degree and be employed as a nurse in a hospital, doctor’s office, school or other medical facility

Veterans – Borrower must be a person who has served in the active military, naval or air service (full time duty in the Armed Forces, other than active duty for training), and who was discharged or released there from under conditions other than dishonorable.

INTEREST RATE –The fixed interest rate will be 4.625

DOWN PAYMENT ASSISTANCE

Category I Up to $5,000 Repayable Down Payment Assistance.

$5,000 Repayable Loan has an interest rate of 4% and payments will begin the third anniversary of the first payment on the first mortgage.

The payment on $5,000.00 will be $92.08 per month for 5 years)

Category I I $5,000 Forgivable Down Payment Assistance

($500 of the 5,000 is from a Realtor Association Grant)

$5,000 Forgivable Loan requires the borrower to live in the purchased property for five years in order for the loan to be completely forgiven. The loan must be repaid if the Borrower(s) fails to remain in the property for a minimum of 60 months. (20% of the loan amount is forgiven each year)

For More Details Call: Rob Turchetta, Keller Williams Realty, 864-621-7900

INCOME AND HOUSE PRICE LIMITS

See Income Charts for maximum house prices and income limits.

FIRST TIME HOMEBUYER REQUIREMENTS

• NON-TARGETED COUNTIES

Borrower(s) buying a home in a Non-Targeted County must not have had an ownership interest in a principle residence in the past three years.

• Targeted Counties

Borrower(s) buying a home in a Targeted County must not have ownership interest in a principal residence at the time of closing.

See charts below for a list of Targeted and Non-Targeted Counties, income charts and maximum sales price limits

Rates are subject to change due to Market Conditions

INCOME LEVELS AND MAXIMUM SALES PRICE

	Category I					Category II
NON-TARGETED
2010**		1 or 2 Person	3 or More Persons	Home Price		See Category II Charts for 5 or more Persons							Home Price
						1 Person	2 Person		3 Person	4 Person
Aiken		$55,700	$64,055	$225,000		$31,150	$35,600		$40,050	$44,500			$202,500
Anderson		$54,600	$62,970	$225,000		$30,600	$35,000		$39,350	$43,700			$202,500
Charleston		$62,100	$71,415	$255,000		$34,800	$39,800		$44,750	$49,700			$229,000
Greenville		$58,000	$66,700	$225,000		$32,500	$37,150		$41,800	$46,400			$202,500
Greenwood		$55,700	$64,055	$225,000		$29,800	$34,050		$38,300	$42,550			$202,500
Lancaster		$55,700	$64,055	$225,000		$28,400	$32,450		$36,500	$40,550			$202,500
Lexington		$62,400	$71,760	$225,000		$34,950	$39,950		$44,950	$49,900			$202,500
Oconee		$55,700	$64,055	$225,000		$30,450	$34,800		$39,150	$43,500			$202,500
Pickens		$58,000	$66,700	$225,000		$32,500	$37,150		$41,800	$46,400			$202,500
Richland		$62,400	$71,760	$225,000		$34,950	$39,950		$44,950	$49,900			$202,500
Spartanburg		$55,900	$64,285	$225,000		$31,300	$35,800		$40,250	$44,700			$202,500
York		$67,200	$77,280	$231,000		$37,650	$43,000		$48,000	$53,750			$208,000
TARGETED
2010**		1 or 2 Person	3 or More Persons	Home Price		See Category II Charts for 5 or more Persons							Home Price
						1 Person	2 Person		3 Person	4 Person
Barnwell		$66,840	$77,980	$225,000		$31,150	$35,600		$40,050	$44,500			$202,500
Beaufort		$79,680	$92,960	$285,000		$37,200	$42,500		$47,800	$53,100			$255,000
Berkeley		$74,520	$86,940	$255,000		$34,800	$39,800		$44,750	$49,700			$229,000
Calhoun		$74,880	$87,360	$225,000		$34,950	$39,950		$44,950	$49,900			$202,500
Cherokee		$66,840	$77,980	$225,000		$29,250	$33,400		$37,600	$41,750			$202,500
Dorchester		$74,520	$86,940	$255,000		$34,800	$39,800		$44,750	$49,700			$229,000
Edgefield		$66,840	$77,980	$225,000		$31,150	$35,600		$40,050	$44,500			$202,500
Fairfield		$74,880	$87,360	$225,000		$34,950	$39,950		$44,950	$49,900			$202,500
Florence		$66,840	$77,980	$225,000		$27,900	$31,900		$35,900	$39,850			$202,500
Georgetown		$66,840	$77,980	$225,000		$30,350	$34,700		$39,050	$43,350			$202,500
Horry		$66,840	$77,980	$225,000		$29,800	$34,050		$38,300	$42,550			$195,795
Kershaw		$67,200	$78,400	$225,000		$31,750	$36,250		$40,800	$45,300			$202,500
Laurens		$66,840	$77,980	$225,000		$27,650	$31,600		$35,500	$39,500			$202,500
Newberry		$66,840	$77,980	$225,000		$28,700	$32,800		$36,900	$40,950			$202,500
Saluda		$78,880	$87,360	$225,000		$34,950	$39,950		$44,950	$49,900			$202,500
ALL Others		$66,840	$77,980	$225,000		$27,550	$31,450		$35,400	$39,300			$202,500

** 2011 Income Limits has not be released as of this announcement. Please watch for 2011 income limit changes

Keller Williams Wins JD Power & Associates Award for “Highest Buyer Satisfaction” for 3rd Straight Year

Keller Williams Realty has won the JD Power and Associates “Highest Buyer Satisfaction” award for 2010.  This marks the 3rd straight year the company has won the award.  With a weekly training schedule that keeps agents on top of real estate trends and a culture that puts God first the award is not a surprise to industry insiders.  If you would like to explore a career with Keller Williams and work with one of the top ranked teams in the county call Rob at 864-621-7900.

New Construction Home Show at America’s Home Place

I have been invited by America’s Home Place to be the “Residential Land Expert” for their big event on March 27 and 28 2010 to re-introduce their updated on-site model homes and NEW floor plans.

America’s Home Place is the “Build on Your Land Specialists”.  They have made a significant commitment to the Upstate area and are here to stay.

I will be providing information on local area lots and land and answering questions.  I will also have a live search available via www.SpartanburgLandForSale.com  to identify parcels immediately.  I also personally represent some of the few remaining water front lots available in the desirable Boiling Springs SC area.

Come visit us at America;s Home Place located just off I-85 across from BMW.  Take exit 60 to East on HWY 101, Turn Right at the first traffic light and follow the signs to the model home center.

Food, Drinks, Fun, and Free Real Estate Information.

Look forward to seeing you there.

Rob

Merry Christmas Spartanburg

Merry Christmas Spartanburg from SearchRealEstateSC.com.

Linus and Charlie Brown remind us what it’s all about.  .  .

 

Keep Looking Up,

Rob

Spartanburg Area Owner Finance Home

I wanted to get this out right away just in case any of you are interested or know someone who might be. This Boiling Springs home was listed for $49,000 but is now on the market for $45,000. It is a 3 bedroom 2 Bath Single Wide mobile home in a good area with district 2 schools. Home includes all appliances, carport, and outbuilding/shed. The master bath features a garden tub, separate shower, and double vanities.

The home qualifies for the First Time Home Buyer Tax Credit and Owner Financing could be available. This is better and newer than the last one I sent out and that one is sold. It will result in a low monthly payment that an equivalent rental can not compare to.

Here are the details:

Built: 2003
Sq Feet: 1,280
Bedroom: 3 (split floor plan)
Full Bath: 2
Master Bath includes: Double Vanities, Garden Tub, Separate Shower
All Appliances Stay including the Refrigerator and Washer & Dryer!)
Security Alarm
Ceiling Fans
Smoke Alarms
Smooth Ceilings
Car Port
Storage shed
Location: Boiling Springs
Schools: District 2

Click here for pictures

Feel free to call me at 864-621-7900 with questions anytime. I don’t think this one will last long at all.

Current Home Buyer Tax Credit Information

First-Time Homebuyer Tax Credit Details There are some great incentives to buy your first home or move to another home if you currently own your home.  The below re-post should answer most if not all of your questions regarding the tax credits available through 2010.  Feel free to call us with any questions you may have.  Happy house hunting.

Updated Nov. 6, 2009, to reflect new legislation — more to be added soon New Legislation New legislation, the Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. The new law: Extends deadlines for purchasing and closing on a home. Authorizes the credit for long-time homeowners buying a replacement principal residence. Raises the income limitations for homeowners claiming the credit. Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. For qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return. For the first time, long-time homeowners who buy a replacement principal residence may also claim a homebuyer credit of up to $6,500 (up to $3,250 for a married individual filing separately). They must have lived  in the same principal residence for any five-consecutive year period during the eight-year period that ended on the date the replacement home is purchased. People with higher incomes can now qualify for the credit. The new law raises the income limits for homes purchased after Nov. 6, 2009. The credit phases out for individual taxpayers with modified adjusted gross income (MAGI) between $125,000 and $145,000 or between $225,000 and $245,000 for joint filers. The existing MAGI phase-outs of $75,000 to $95,000 or $150,000 to $170,000 for joint filers still apply to purchases on or before Nov. 6, 2009. General Information Homebuyers who purchased a home in 2008 or 2009 may be able to take advantage of the first-time homebuyer credit. The credit: Applies only to homes used as a taxpayer’s principal residence. Reduces a taxpayer’s tax bill or increases his or her refund, dollar for dollar. Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed. The credit is claimed using Form 5405, which you file with your original or amended tax return. For 2008 Home Purchases The Housing and Economic Recovery Act of 2008 established a tax credit for first-time homebuyers that can be worth up to $7,500. For homes purchased in 2008, the credit is similar to a no-interest loan and must be repaid in 15 equal, annual installments beginning with the 2010 income tax year. For 2009 Home Purchases The American Recovery and Reinvestment Act of 2009 expanded the first-time homebuyer credit by increasing the credit amount to $8,000 for purchases made in 2009 before Dec. 1. However, the new Worker, Homeownership and Business Assistance Act of 2009 has extended the deadline. Now, taxpayers who have a binding contract to purchase a home before May 1, 2010, are eligible for the credit. Buyers must close on the home before July 1, 2010. [Added Nov. 12, 2009] For home purchased in 2009, the credit does not have to be paid back unless the home ceases to be the taxpayer’s main residence within a three-year period following the purchase. First-time homebuyers who purchase a home in 2009 can claim the credit on either a 2008 tax return, due April 15, 2009, or a 2009 tax return, due April 15, 2010. The credit may not be claimed before the closing date. But, if the closing occurs after April 15, 2009, a taxpayer can still claim it on a 2008 tax return by requesting an extension of time to file or by filing an amended return. News release 2009-27 has more information on these options. Questions and Answers More information is available in the question and answer section. Related Items IR-2009-83, First-Time Homebuyer Credit Provides Tax Benefits to 1.4 Million Fam

Spartanburg School Districts and H1N1

IMPORTANT OFF TOPIC MESSAGE

Spartanburg School Districts just sent letters to parents offering to administer the H1N1 flu vaccine to children for free.  The question is, why would any parent ever let their child be given a live virus via a vaccine that has not been tested to be safe yet.  Especially for a virus that has proven to this point to not be a significant risk to virtually anybody?  Why?

Why is our government pushing this vaccine so hard when the H1N1 has proven to be weaker than the regular seasonal flu that comes around?  Why do people who get the seasonal flu shot have such a higher incidence of getting H1N1?

It’s time to educate yourself from people that can be trusted.  The government and pharmaceutical companies that are making millions from the sale of vaccines and yet have legally ZERO liability when these possibly result in illnesses down the road are probably not our best choice.

Familiarize yourself with these sources:

Dr. Mercola

LookUpFellowship.com Flu Research (UPDATE YOURSELF ON THE UKRANE SITUATION THAT IS NOT GETTING MEDIA COVERAGE IN THE US)

YouTube Swine Flu

I pray that you take the time to educate yourself, for your child’s sake, before just following the herd.

God Bless and keep looking up!

Spartanburg Home Buyer Tax Credits

Breaking News for November 5th 2009 First-time Homebuyer Tax Credit Extended The U.S. Congress has approved a bill that extends and broadens tax credits that were set to expire this month. The bill extends the credit for contracts signed by April 30th and closing by June 30th.  Income limits are expanded to cover more affluent buyers; couples earning up to $225,000 and individuals earning up to $125,000 annually now qualify. It also creates a new $6,500 credit for buyers who have owned their current home for at least five years. Homes worth more than $800,000 wouldn’t be eligible. President Obama is expected to sign the bill as early as tomorrow. As always please contact us with any home finance questions or needs.

Spartanburg Rental for Under $375

Spartanburg SC offers rental homes for very affordable prices.  Let’s face, all of us have different levels of finances available to us.  All of us go through difficult periods of time in our lives and can afford different levels of housing.  While $3,500 a month rentals exist, the fact of the matter is much more people are interested in Spartanburg low cost rental homes than expensive, luxury rental homes.

Here are some affordable Spartanburg rentals for under $375.00.  Good clean homes where you can prepare meals for your family, sit back in the evening and relax watching some TV.

Spartanburg Rental homes

Bonito Dia 2 Mobile Home Park

2 Bedroom Homes for $330 per month

3 Bedroom Homes for $360 per month.

JoAnn Place Mobile Home Park

2 Bedroom Homes for $275 per month

Call John at 864-205-9964 for a Spartanburg rental home today

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