Archive for February 2013

INFO THAT HITS US WHERE WE LIVE   Leave a comment

INFO THAT HITS US WHERE WE LIVE.

Posted February 23, 2013 by Chip Jefferson in Foreclosures

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INFO THAT HITS US WHERE WE LIVE   Leave a comment

QUOTE OF THE WEEK… “Sometimes we stare so long at a door that is closing that we seek too late the one that is open.”–Alexander Graham Bell, American inventor

INFO THAT HITS US WHERE WE LIVE… There is more and more evidence that the door of opportunity is opening in the housing market. On Valentine’s Day Freddie Mac showed us some love in their Housing Market Outlook, which projected starts UP 22% this year, to a 950,000 unit annual rate. Their chief economist commented, “Across the nation, most local housing markets have room for sustainable growth…. As the broader economy heals, expect to see more good news, with house prices continuing their recent upward trend, and home sales and housing starts continuing to post strong growth rates.”

Not to be outdone, the National Association of Realtors (NAR) reported Monday that the recovery in real estate values is picking up steam. Median home sale prices were UP 10% in Q4 over last year and 133 of 152 metro areas posted yearly gains, versus just 29 metro areas a year ago. The NAR’s chief economist commented, “Home sales are on a sustained uptrend…fueled by a pent-up demand and job creation, along with still favorable affordability conditions and rents rising.”

BUSINESS TIP OF THE WEEK… With social networks, focus on building a manageable number of meaningful connections, instead of going for hundreds of weak connections. Seek quality, not quantity.

Columbia SC Bank Foreclosures & Government Foreclosed Houses, Federal Homes, Distressed Properties, and Commercial Foreclosures are all at your fingertips with Chipjefferson.com. All foreclosures, HUD, VA, and other government property home lists and listings are represented. Gibbs Realty along with Chip Jefferson are the top agency in South Carolina handling Foreclosed homes and Bank owned properties throughout the Midlands of South Carolina. Specializing in Columbia, West Columbia, Irmo, Chapin, Gaston, Pelion, Lexington, Lake Murray, Gilbert, White Knoll, Northeast Columbia and all the outlying counties of Midlands South Carolina. Gibbs Realty and its agents are specially trained to handle selling or buying of Bank Owned and Government home properties and Commercial Real Estate.

Blythwood SC Homes for sale   Leave a comment

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29016-Blythewood (Seaton Ridge) FOR SALE
$279,900 Wow Home

 

Gibbs Real Estate
Chip Jefferson
Email Chip


Work: 803-808-1260
Cell: 803-360-0491
Fax: 803-808-1264


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Address: 145 Seaton Ridge Drive Type: Residential Style: 3 Story Bedrooms: 5 Bathrooms: 3 Suite: No Living Area: 3,862 square feet Year Built: 0
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WOW we took the negotiations out and priced it to please. GREAT home on a huge lot with POND and IN GROUND pool. Hardwoods and all the upgrades. Huge space with must see Master. Teen suite with sitting area. Imagine the summer nights swimming by your own waterfall. Game room with pool table and way to much to list. Must see for anyone!
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Brokered and Advertised by Gibbs Real Estate LID 75394783
Information is deemed to be correct but not guaranteed.

Listing Agent Chip Jefferson. Gibbs Realty and Auction Lexington SC .

Sell your home quickly in Lexington SC   Leave a comment

Another fast contract for my sellers…6 Days

 

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29054-Gilbert (Gilbert) SALE PENDING
$119,000 Secluded and Like New

Gibbs Real Estate
Chip Jefferson
Email Chip


Work: 803-808-1260
Cell: 803-360-0491
Fax: 803-808-1264


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Address: 3812 Two Notch Road Type: Residential Style: Single Story Bedrooms: 3 Bathrooms: 2 Suite: No Living Area: 1,508 square feet Year Built: 0
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Secluded and clean as a pin. Great Front porch sitting. Welcome home but you better Hurry.SIGN IN sheet on kitchen counter. Buyer Agent to verify all information for accuracy and is responsible for all entry after contract acceptance. Utility activation & de winterization costs are buyer expense year round.Seller will not pay deed stamps. Buyer responsible for rekeying the property at closing
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Brokered and Advertised by Gibbs Real Estate LID 73532397
Information is deemed to be correct but not guaranteed.

Posted February 12, 2013 by Chip Jefferson in Columbia South carolina, Uncategorized

INFO THAT HITS US WHERE WE LIVE   Leave a comment

 Market Update

QUOTE OF THE WEEK… “I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel”–Maya Angelou, American author and poet

INFO THAT HITS US WHERE WE LIVE… People who are putting their homes on the market appear to be feeling pretty good these days. An online real estate portal reports that the asking prices of homes listed with them were up 5.9% in January from a year ago, in 86 of the 100 largest metros. Those asking prices grew by a seasonally adjusted 0.9% from December, the largest month-over-month boost since March last year.

Housing experts are feeling pretty good too. The chairman of the S&P Dow Jones index committee said, “housing is clearly recovering,” citing November’s healthy new and existing homes sales. The National Association of Realtors chief economist predicted,”Job creation and household formation will likely fuel growth. Both sales and prices will again be higher in 2013.” (CORRECTION: A keen Inside Lending reader pointed out Ayn Rand’s first name was misspelled following her quote in last week’s edition. We’re sorry for the typo and apologize to Rand fans.)

BUSINESS TIP OF THE WEEK… Don’t get sidetracked before you reach your goal. When you’re stuck, going out for a walk is a great way to clear your mind and get back on track.

>> Review of Last Week

ONE DOWN, TWO UP… The Dow had a seesaw 5 days–down 130, up 99, up 7, down 42, up 49–to end the week down a mere 0.1%, just below last week’s 14,000 threshold. Butthe S&P 500 headed north and is now up for the first six weeks of the new year, which has not happened since 1971! The Nasdaq also registered a gain, making another healthy start to the year. Friday, investors were buoyed as the U.S. trade deficit came in down almost 21% in December, its biggest drop in four years, thanks to rising exports and a decline in imports.

Earlier in the week, the ISM Services index was down for January but showed expansion for the 37th month in a row. Best of all, the ISM Services employment sub-index rose again, hitting its best reading since February 2006. Employment expansion is especially good for the economy in the services sector, since it provides well over 80% of U.S. jobs. On the down side, Productivity fell at a 2% annual rate in Q4, not too cool. But new weekly jobless claims were down by 5,000, to 366,000, another sign of labor market improvement.

Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.