April is National Fair Housing Month

As a REALTOR (R) Fair Housing is very important to ensure the integrity of our industry and I am proud to show my support for the National Fair Housing Month.

Click here to read a Fair Housing Publication from the National Board of REALTORS(R). 

 What’s New in Fair Housing?

Video:
Watch Trying Too Hard to Help: Fair Housing and Unintentional Discrimination

April is Fair Housing Month

April 2012 marks the 44th anniversary of the 1968 landmark Fair Housing Act. Each year REALTORS® recognize the significance of this event and reconfirm our commitment to upholding fair housing law as well as our commitment to offering equal professional service to all in their search for real property

National Association of Realtors Announce: 2012 Home Sales: Positives on Many Fronts

NAR released its latest pending home sales index figure last week and for the second month in a row the index is up. But more than that, the index has broken 100. This is significant because the only time since the housing boom collapsed that the index has broken 100 is when the home owner tax credit was in effect. The fact that the index has returned to that level a year since the credit has been in effect means the housing market is strengthening completely on its own, without any stimulus.


NAR Chief Economist Lawrence Yun is upbeat about 2012 because in a number of areas indicators are pointing upward. Not only are home sales up but housing starts are up and home prices are stabilizing in many markets and heading up in some. In areas where they’re still down, the declines aren’t that great. More fundamentally, broader U.S. economic signs are looking positive, including the all-important jobs picture. About 100,000 job are being created a month, and that could rise to 150,000—still not a quick enough pace to get us back to where we were before the downturn but the headwinds are in the right direction.

 
by Robert Freedman
 

Drew Sineath and Associates Take Second Place at Charleston REALTORs Got Talent

 Drew Sineath and new associate, Brian Guerry, perform at REALTORs Got Talent last week at The Trio Club in Downtown Charleston SC last Thursday. The event was a fun time to get together and showcase your talent to raise money for the RPAC.

Congratulations to our winners!

1st Place:  Carolina One Real Estate Metro North Office
Gena Glaze, Dianne Newton, Georgia Richard, Jeannene Ondrasek, Marlene Coleman, Joleen Randall, Nora Tanner, Carol Elkins, Sandy Green, Fred Grisham, Louise Voelker and special guest  Mark Weeks

2nd Place:  Drew Sineath, Drew Sineath & Associates accompanied by His Glory Band

3rd Place: John Tecklenburg, Clement, Crawford, & Thornhill


Please share your feedback about the event, here.

To watch a highlight video, click here.

To see pictures from the show, click here.
 
Thank you for attending and supporting RPAC!

 

Using a Realtor Can Net You 15% More Than Selling FSBO

Every year there are a small number of people who decide to try amature real estate and they often walk away less than satisified. We would call them FSBOs or (For Sale By Owners). These sellers that try to sell their homes without the aid of a licensed real estate in the hopes of saving some money bite off more than they can chew. Not only do these homeowners need to prepare the home for sale according to today’s buyer’s preferences but they have to venture into the land of pricing, marketing, screening, scheduling, showing and paperwork.

The National Association of Realtors researches and surveys these sales every year. For the past six years, their research has concluded that homes sold with a Realtor (R) tend to net the seller an average of 15% more than those homes sold by the owners themselves. It is all a perception game. Check out this excerpt from one of NAR’s articles on the subject. The numbers say it all.

But more telling than the decline in FSBOs is the fact that 40 percent of all FSBOs sold their homes to someone they knew prior to the transaction. This means that only 7 percent of all home sales are open market FSBO transactions. The rest are simply unrepresented sellers in private transactions.

From NAR’s 2006 Profile of Home Buyers and Sellers

Eighteen percent of FSBO sellers indicated that preparing the home for sale was the most difficult task when selling without the assistance of an agent, followed closely by understanding and performing paperwork (16 percent) and selling within their desired time frame (15 percent).

As for profit — after all is said and done, FSBOs don’t always come out with fatter wallets. Again, the numbers tell the truth.

Homes sold with the help of a real estate professional in 2006 sold on average for 32 percent more than FSBO sales. The median FSBO selling price in 2006 was $187,200, compared with $247,000 for agent-assisted transactions. To read full article, click here.

We often meet sellers who have unsuccessfully attempted this task and have now turned to a high octane agent who can move their home quicker and for a higher price. Not too long ago one such seller in West Ashley SC sent me a picture that speaks a thousand words. We sold there home in less than 30 days and in the midst of moving out they came across their old FSBO sign. To the right is the photo they sent me.

If you are considering selling your home For Sale By Owner. Take my advise and think twice about it, meet with a realtor in your community, then make a decision.

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Drew Sineath – A Familiar Face…And a Rich Lowcountry Heritage Drew Sineath & Associates, Inc., is located in the heart of Goose Creek where Drew grew up and where he has chosen to rear his own family. Berkeley County is one of the fastest growing areas in SouthCarolina and Drew is pleased to be able to serve his clients in helping with all their real estate and mortgage needs. So when you have any real estate needs, whether you’re looking to buy, sell, finance or refinance, Drew Sineath& Associates is now a local one-stop location with excellent service.