Charleston area home sales surpassed the national market in June due to the $8,000 federal tax credit that expires September 30th, 2010. Sales in June hit 1,022 transactions, the first time in three years. The tax credit combined with low interest rates and a large inventory of available homes fuled the boost in sales.
http://www.postandcourier.com/news/2010/jul/13/area-home-sales-pass-1000/
July 13th, 2010
181 Ballybunion Drive, a 9,900 square foot mega mansion on Kiawah Island’s oceanfront and designed by New York architect Robert AM Stern, fetched an impressive price of 14 million dollars, the largest residential sale ever recorded in Charleston County. This transfer surpasses last year’s record sale in Charleston’s historic South of Broad neighborhood. 37 Meeting Street sold for 7.375 million. http://www.postandcourier.com/news/2010/jun/12/kiawah-is-house-sells-for-14m/
June 13th, 2010
Early last week Saida called Tricia Eldridge, Mortgage Account Executive at First Federal of Charleston, and received some very surprising news. There is money out there for loans!!
Saida was inquiring about the possibility of a mortgage loan for a client who has a house to sell with a mortgage on it. She anticipated that her client would be unable to qualify, but in fact, Tricia was very encouraging. She quoted us amazingly low rates on a variety of mortgage scenarios. Saida’s client was thrilled and so are we.
Says Tricia:
First Federal of Charleston is a $3.6 billion asset institution headquartered in North Charleston. We are committed to the communities in the tri-county area and believe that we are well positioned for the future. We offer many types of mortgages, conventional which includes the fixed rates as well as many types of Adjustible Rate Mortgages. We also offer FHA/VA.
The most exciting part of being with First Federal of Charleston is our jumbo products. Our products are very competitive in terms of interest rates and terms. While this part of the credit market has been frozen for the past two years for many lenders, we feel that we can meet the needs of our jumbo clients and welcome the opportunity. If you are someone who wants to buy and renovate a property for your personal use, then we offer very attractive construction-permanent one time close products.
Do not buy into the hype that there is not a mortgage out there because we have money to lend.”
If you would like to contact Tricia Eldridge, whom we highly recommend, she can be reached at 843-937-6142. Tricia’s website, which provides further information on available mortgage loans is www.teldridge.com.
April 19th, 2010
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