Greenville Real Estate Market The real estate market in Greenville, South Carolina has been hot for some time. Even though Covid-19 has affected real estate markets across the United States, the trend in Greenville has had more factors than just that. Greenville Employment Statistics For Starters, over the past 10 years or more, the number of jobs have steadily increased and unemployment is currently at around 4.2%, which is significantly better than the 6% national average. Both the average personal income and the median income per capita is higher than the national average. The area has truly gone through an amazing revitalization over the past several years. So much so that over 3,000 remote workers (those who never need to go into …
Fox Carolina Real Estate Report With Don Wessel
Fox Interview with Don Wessel I was recently interviewed by Fox Carolina regarding the booming real estate market in Greenville South Carolina. Buyers have been asking me for the past 20 years if it's the right time to buy and yes it still is. With it's low employment, cost of living, pure water supply and beautiful downtown, Greenville SC will continue to be the place to be! Video Transcript Well Fox Carolina is committed to you and this morning we're taking a close look at the real estate market around Greenville. It's one of the fastest growing cities, but can housing keep up with the demand? Fox Carolinas Grace Runkel is live in Greenville and Grace we want to talk a little bit more about what local realtors have to say. …
Having a Buyer’s Agent vs. Visiting Open Houses: What’s the Difference?
Having a Buyer's Agent or Visit Opens Houses Alone? There is something magical about stepping through an open house and imagining your future life in a new-home candidate. Smelling the freshly polished floor and freshly painted walls brings a feeling of 'newness' that is hard to rival. It's a romantic part of house-hunting for a new home that many buyers look forward to and enjoy immensely. However, the question many home buyers find themselves asking is whether open-houses are sufficient or if the help of a buyer's agent is worth the partnership. What is the difference between touring open houses and working with a hand-picked home inventory from your buyer's agent? The fact is that a buyer's real estate agent does a lot more than …
Having a Buyer’s Agent vs. Visiting Open Houses: What’s the Difference?Read More
Luxury Living in Greenville, South Carolina
In a 2018 article published in The Washington Post, writer Dina Mishev had this to say about Greenville, South Carolina: “Residents of this aging Southern mill town knew it still had life in it. It took decades of hard work, but today it surprises visitors with its low-key culture and high-wattage charm.” How observant she was! Greenville, South Carolina, nestled in the foothills of the Blue Ridge Mountains and known as the “Textile Capital of the World”, is the sixth largest city in South Carolina. Located on what was originally Cherokee land, Greenville started out in 1768 as a grist mill and trading post at the foot of the Reed River Falls. The area was eventually surrendered to South Carolina by the Cherokee nation, where it remained …
What a Buyer’s Agent Can and Can’t Do During Negotiations
Do You Need a Buyer's Agent In the days of the internet, the value of real estate agents is often questioned. Many people don't get an agent if they are buying; this is particularly an issue for first time home buyers. However, the vast majority of people should get a buyer's agent. An agent cannot ethically represent both the buyer and the seller in a transaction (although it's legal in some states and many do), and there are many ways in which a buyer's agent can help you. There are also some things they can't do. Here's a quick guide to what agents can do for you. Help You Find the Right Property With the internet, it's theoretically possible to find your ideal home on your own, spending hours poring over real estate listings and …
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The Advantages of Working With a Buyer’s Agent
A home purchase is a big investment. In fact, it's one of the largest investments you'll ever make. If you are looking to buy a home, the first item on your agenda is to find the right agent to help you. You don't want to work with just any agent. You want to hire an agent that has excellent knowledge of the area in which you are looking to buy a home. You don't want to use a Greenville real estate agent if you're shopping in Anderson. Your agent should know the different styles of homes in the area, and which ones will best serve your needs and affordability. Your agent should also know the market and prices in the area. Finally, it's in your best interest to hire an exclusive buyer's agent to represent you. Exclusive Buyer's …
Buying a New Home and Selling the Old One: Which Comes First & How to Do It
Buying a New Home and Selling the Old One: Which Comes First & How to Do It Most homeowners don't stop at buying their first home. You may be looking to upgrade from your starter home. Or you may be relocating for a new job, needing to sell your currently owned home to make the move. In these situations, homeowners often find themselves both selling their house and looking to buy a new house at the same time. How do you juggle this complicated financial maneuver? There are two ways that we recommend to our clients when they are looking at homes for sale in Greenville who also need to sell their previous home. The first is careful planning and contingency negotiation. The second is a bridge loan that neatly covers the gap. Join …
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The Ultimate Guide to Buying a Home If You’re Relocating Out of State
Guide to Buying a Home If You're Relocating Out of State Buying a home is certainly overwhelming. But buying a home 1,000 miles away can easily add to your stress anxiety. Finding the right home takes persistence, research, and the ability to move quickly. Especially if you need to buy a new home and sell your old home as well. With that said, it's important that buyers have the right support to simplify the buying process and help them navigate their out-of-town home search. For this reason, if you're planning to purchase a home long-distance, it's important to consider a buyer's agent to help you find the perfect home. What is a buyer's agent? A buyer's agent is a type of real estate professional that guides individuals …
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Buying Your First Home- Step By Step Process
The Step By Step Process If you are in the market to buy your first home, congratulations on your decision. Home ownership has many advantages. Purchasing a home is a process. Following the steps in that process will lead to a very successful transaction. Get Ready Financially The first step is to get financially ready to purchase a home. Keep a steady job. Many mortgage programs require you to have the same job for at least two years. Next, save money for a down payment. Some mortgage programs require only a 3% down payment. Some require 5% down or even 20% down. Pay off as much debt as possible, such as credit cards, student loans and the like. Talk to a Mortgage Lender You will want to have a consultation with a mortgage lender. He …
Closed Homes Sold Information in Greenville SC Now Available
Sold Property Data Now Available Our IDX Property Search now contains Closed Homes with full sold information! For all of those interested in seeing what homes are selling for in the Greenville area I've just added sold home information to Wessel Real Estate. This is just another way of providing the best service as your Greenville South Carolina Realtor. Isn't Sold Housing Data Readily Available? Many people think that companies like Zillow have displayed sold property data for a long time. That is not exactly the case. For large 3rd party real estate websites to have any access to sold properties, they would rely on getting that data from the local Clerk of Court. In many instances, that data was not always consistent. In …
Closed Homes Sold Information in Greenville SC Now AvailableRead More
First Time Home Buyers in Greenville SC- Purchase Assistance
Help for First Time Home Buyers Hey First Time Home Buyers in Greenville SC! Do you need help buying your first home? Would you like an exclusive buyer's agent on your side? A buyer's agent who has been helping people buy homes in Greenville SC for over 30 years? A realtor who has helped scores of first time home buyers over the years purchase their first home? Yep, you guessed it, that' me! First time home buyers are one of my favorite buyers to work with because the process is so exciting for them and me. These buyers also have so many questions and are so unfamiliar with the home buying process. So, let me get you started with the basic process of buying your first home in the Greenville SC area. Determine Your Budget The …
First Time Home Buyers in Greenville SC- Purchase AssistanceRead More
Luxury Homes for Sale in Greenville SC
The Greenville Luxury Home Market is Hot There are lot of luxury homes for sale in the Greenville SC area. And surprisingly they are selling at a faster pace that I thought possible! You see folks, it just wasn't that way when I moved to Greenville 32 years ago.... Back then you had some luxury homes for sale in neighborhoods like Chanticleer, areas off Roper Mt. Rd or perhaps close to downtown Greenville just to mention a few. But now luxurious homes seem to be all over the Greenville SC area. So what defines a luxury home in Greenville? You know folks, it's all relative. What a local might see as luxurious someone from out of the area might find simple. I've got to pick a price so let's say anything above $500,000 would qualify …
155 Riverplace Condos in Downtown Greenville SC
Downtown Greenville Living Good morning folks and a very Happy New Year to you. I hope yours is starting off well. I just had a closing at 155 Riverplace Condos in Downtown Greenville SC with a super nice retired couple who had been living out of the country. There are a lot of reasons why they chose 155 Riverplace Condos and I'd like to share some of them with you. I've been helping buyers purchase condos in 155 Riverplace in downtown Greenville SC for many years. The reason is mainly because of location. 155 Riverplace is located close to guess where? That's right Falls Park! The condos are just a short hop, skip and a jump to the bridge and other attractions! Now, let's take deeper look at 155 Riverplace. Many Desirable …
2019 Real Estate Forecast for Greenville SC
Hi everyone! Wanted to give you a look at my 2019 Real Estate Forecast for the Greenville SC area! But first let's take a look at 2018. For single family homes $100,000 and up in Greenville County: 2018 vs 2017 Total number of units up 5% Total sales dollars up 10% Average price of a home up 4% Average days on the market down one day to 47 Average cost of a home in Greenville County for 2018: $272,543 Folks, the closer you get to Downtown Greenville the more these numbers go up. If you go out of Greenville County you will find the numbers go down further. So what am I seeing for 2019? Interest Rates We all have been watching the rise in interest rates which seems to be a bit alarming but in reality we are still …
Real Estate Sales Update for Greenville SC Year to Date
Greenville, South Caroline Market Update Well we are over half way through the year and it's time for my real estate sales update for Greenville SC! I meant to post this end of June but things have been so busy I let it slip by. So how's the real estate market in Greenville? Still on fire! Yep, the first half of this year was my best and the same for many realtors in Greenville. Let's take a look at sales year to date through July and make some comparisons with the same time frame for 2017. Sold Home Information A few points: These stats come directly from the Greenville MLS. This is for Greenville County only. This is for single family homes and townhomes/condos. Sold price $100,000 and up. Average days on …
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Greenville SC Real Estate Forecast for 2018
Hi everyone and Happy New Year! I normally recap the previous years sales but I thought I'd give you my Greenville SC Real Estate forecast for 2018 as my first post of the year. Hold on to your britches... I recently had a nice fellow from Denver contact me regarding condos in downtown Greenville. He was interested in buying and I sent him the current inventory. His comment was that he was afraid at $300 /sq. ft. he would be buying at the top of the market. Folks, I can't tell you how many years I've been hearing this, well I can... 17. $300 is not even close to the market right now for condos in Greenville that are selling $400+ per sq. ft. So if you can find something at $250-$300 you might want to jump on it. So where is Real …
Happy First Time Home Buyers in Greenville SC!
New Experience for First Time Home Buyers I love working with first time home buyers in Greenville SC. Now don't get me wrong, I enjoy experienced buyers too but first time home buyers just need that extra special help because buying a home is new to them. They need help understanding the Greenville real estate market, help knowing where to buy, help writing the offer, help negotiating the offer, help selecting inspectors, attorney and making repair requests. It's very rewarding when we have a successful trip to closing and they get their keys to their very first home!! I've had a number of very rewarding experiences with first time home buyers this year looking at homes for sale near Greenville SC, but recently I had a closing with …
Realtors Can’t Always Help Some Buyers
Sometimes a Realtor should just say no. Especially Buyer's Agents. What do I mean? Folks, sometimes realtors just can't help buyers. I'll give you a perfect example. I've had two buyers this first half of the year looking for homes in Greenville SC contact me to look at a certain community. I'm not going to name names but I've never really been high on these developments. Let's just say they have had their ups and downs and now I feel like they are headed in one way only, and that ain't up folks... I ran the numbers on one of the locations for a buyer this morning and currently this location has 55 homes for sale and an average days on the market of a whopping 350! Only 4 sales in the last 3 months which I think is incredible …
Buyer Success Story on Horse Property in Anderson SC!
Great Find in Upstate South Carolina Horse Country Good morning everyone! Wanted to share a buyer success story in the Anderson area. I had a very nice couple contact me about 8 or 9 months ago wanting horse property in the Upstate. They were living and keeping their horses on a rental property in Anderson. They decided it was time to buy and asked me to help them locate a horse property. There was one in particular in the Campobello area that they really liked so we met there one afternoon and scoped out the property. Nice property, pretty and well kept home. But I felt like it was on the high side and did a pricing analysis for them. We wanted to make an offer but I got the feeling from the listing agent that we were going to …
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Year End Real Estate Sales for Greenville SC
2016 Greenville Home Sale Data Good morning folks and a Very Happy New! I want to fill you in on year end real estate sales for Greenville SC in 2016. 2016 was my best year since I've been a realtor. Well let's get to it! Sales figures are for the entire Greenville SC MLS and I'll be comparing 2016 to 2017 for single family residential properties $100,000 and up. Total Sales 2016: 10,779 up 12.2% Average Days on The Market 2016: 61 down 21% Average Sold Price 2016: $231,612 up less than 1% Sales Volume for 2016: $2,496,546,691 up 13.2% So, what does this mean? The big thing I'd look at is total sales volume for the Greenville MLS. 13.2% is strong and this has been growing for a number of consecutive years. Average …
