Garden City Beach Real Estate Blog

Getting Equity

Sun, 07 Sep 2008 20:03:00 -0400

Article Excerpt from Yahoo! Finance: (http://finance.yahoo.com/expert/article/mortgage/100252)

A 20 percent down payment can also be described as a borrower having equity in the property of 20 percent. In the future, equity in the property is measured by the difference between the current value of the property and the current loan balance, both of which are likely to differ from their values at the time of purchase.

One reason the down payment is so important is that it is the single most vital factor affecting loss to the lender. The down payment is a buffer against lender loss in the event of a foreclosure. For example, if foreclosure costs are 20 percent of value and property value does not change, a 20 percent down payment fully protects a foreclosing lender against loss, but a 10 percent down payment provides only partial protection.

Perhaps even more important, borrowers who get into payment difficulties but have equity in their properties usually will sell to avoid foreclosure. By selling, they realize the equity themselves, whereas if they allow the property to go to foreclosure the equity will be partially or wholly depleted by foreclosure costs. Their selling avoids the foreclosure.

Find the best prices on Garden City Beach real estate at Hall Realty and Investment Company.

Small adjustments mean BIG SAVINGS

Tue, 29 Jul 2008 01:21:00 -0400

With things getting to be so expensive these days, especially gas, everyone needs to tightening up those pockets. There are many ways to do so like cutting out that bottle soda or coffee that you think you need to have every day. That costs anywhere from $1.25 to $3. Say you drink one Monday through Friday for a month. That between 28 and 70 dollars a month. What a help that could be towards gas. Gas that could bring you down to a lovely beach vacation at Garden City Beach South Carolina.

Also, consider compact fluorescent light bulbs. Those are those swirly bulbs that you see next to those inefficient incandescent bulbs that you normally buy. Consider this, according to ENERGY STAR, compact fluorescent light "bulbs use about 75 percent less energy than standard incandescent bulbs and last up to 10 times longer. Save about $30 or more in electricity costs over each bulb's lifetime." Think about all of the bulbs in your home. What a savings! You could save enough for a Garden City Beach rental.

Real Estate Partnerships

Sun, 20 Jul 2008 22:13:00 -0400

You may be considering the purchase of a Garden City Beach home with the intent to rent it out but do not have enough resources for this investment. A partnership may be the answer, however this option must be thoroughly thought out. A partnership will bring together more financial and intellectual resources than on your own but will increase risk and the possibility for disagreements.

You should ensure that you have terms in the agreement that encompass at least the following. Buy out provisions; how one partner will buy out the other’s share. Along these lines is the exit strategy. If one partner wants out how will this be dealt with: how much will they get back, what if the other partner does not have enough money to buy them out? Can shares be transferred? If there is a dispute how will it be resolved? There are many “what if” situations that must be addressed. Don’t be caught without, at least, the basic provisions that define these issues otherwise you will be regretting your investment.

Talk to a Hall Realty and Investment Company about the purchase or sale of real estate in Garden City Beach SC and the surrounding area. We also deal with Garden City Beach South Carolina vacation rentals.

Garden City Beach Residential Real Estate

Thu, 12 Jun 2008 13:04:00 -0400

Hall Realty and Investment Company has been offering quality real estate in Garden City Beach for over 40 years. Hall Realty has the resources to help you find real estate property that fit your budget and your needs. If you are more interested in a vacation rental, Hall Realty also has available properties to offer for your escape into South Carolina’s famous Lowcountry.

Living in South Carolina's Lowcountry

Thu, 05 Jun 2008 12:34:00 -0400

First of all, just where is South Carolina’s Lowcountry? The area known as Lowcountry describes the coastal counties along South Carolina’s southern tip. The area has a distinct southern charm to it, making it one of the most beautiful places to live in the world.

Contact Hall Realty and Investment Company whether you are interested in buying, selling, or if you are looking for a vacation rental. Garden City’s communities from the marshlands to the oceanfront make it a unique region providing something to please everyone.

How to find the perfect home.

Mon, 26 May 2008 16:48:00 -0400

Trying to find the right Garden City Beach real estate for you and/or your family is a hard decision. While a Garden City Beach realtor has the expertise in finding homes they're not an expert in identifying the right location and type of home for you. Environmental psychologists specialize in this area. "Environmental psychology examines the interrelationship between environments and human behavior."

An environmental psychologist will help identity the type of location and home for you and your family. This can be accomplished by learning your personality and habits through observing your behavior and lifestyle at home and possibly work. Your current home will provide the environmental psychologist with such information as to your lifestyle and things that are important to you. For example, perhaps you work the late shift; a home in a quiet neighborhood would be preferred. People who need or enjoy natural light may prefer a home with many windows and a southeast to east facing room/bedroom for optimal morning sunlight. Someone who plans to have children at some point while living in the new home may want to consider a family neighborhood with good schools, lower traffic, and parks. A home with many family/friend pictures may propose that they would like to live close to family/friends or that they like to have family/friends visit and therefore should consider a home with an extra room for guests. The environmental psychologist will help you identity your needs and then you will be able to pass them on to a realtor to find your perfect home.

People tend to unconsciously prioritize their environment into the first, second, and third territories. The environmental psychologist will help to discover which environments are important to you and this will help find the right location and home for your needs. For example, you may consciously or unconsciously consider your bedroom to be the most important place of your home, then the living room, and then the dining room. This information will help you to find a home whose rooms suit your wants. Another person may feel that the community is their "home" and first priority, their living room the second, and backyard is third. They may or may not have realized it until an environmental psychologist pointed that out. Then they and their realtor will be able to make informed decisions and purchase that perfect home.

Contact Hall Realty and Investment Company about finding an environmental psychologist and the perfect home for you.

The new Garden City Beach real estate blog

Thu, 03 Apr 2008 13:48:00 -0400

Hello and welcome web visitors! Whether you are looking to buy or sell real estate in Garden City Beach, or rent property in the Garden City area, look to Hall Realty and Investment Company for all of your Garden City Beach real estate needs.