CHECK OUT THIS NEW VIDEO

Good video from The Myrtle Beach Chamber about whats going on in and around the Myrtle Beach area..... check it out.Beyond the Beach

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10 Ways to Prepare for Homeownership

1. Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income.  2. Develop your home wish list. Then, prioritize the features on your list.  3. Select where you want to live. Compile a list of three or four neighborhoods you’d like to live in, taking into account items such as schools, recreational facilities, area expansion plans, and safety.  4. Start saving. Do you have enough money saved to qualify for a mortgage and cover your down payment? Ideally, you should have 20 percent of the purchase price saved as a down payment. Also, don’t forget to factor in closing costs. Closing costs — including taxes, attorney’s fee, and transfer fees — average between 2 and 7 percent of the home price.  5. Get your credit in order. Obtain a copy of your credit report to make sure it is accurate and to correct any errors immediately. A credit report provides a history of your credit, bad debts, and any late payments.  6. D
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August Foreclosure update

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Foreclosure Stats are in from Realtytrac.com: For August 2012 1 in every 677 homes in South Carolina received a foreclosure filing. 1 in every 692 homes in Horry County received a foreclosure filing in August 2012. 148 homes filed foreclosure in the Myrtle Beach area this includes zip codes, 29588, 29575, 29579, 29577 and 29572.  The highest filings were in the 29579 and 29588 zip codes. Foreclosures will continue to hit our market, but the rate at which they are being filed is slowing down. There are still some great buys here at the beach!!!! For more information or a list of the newest foreclosures call or email me. Sue Lucas Re/Max Southern Shores https://www.facebook.com/CarolinaForestRE www.suelucas.com 843.997.4595 sl1586@sccoast.net
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Understanding Capital Gains in Real Estate

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