Wednesday, October 18, 2017

Real Estate News - October 2017

Brought to you by Brian OShea.
Real Estate News October 2017
Home Sellers Are Making Bank in Today's Market
Image 1 Home sellers are making bank in today's market, realizing an average profit of 24.1 percent, or $39,900, in 2016, according to a recent study.

Sellers on the West Coast—where home prices have skyrocketed since the recession—saw higher returns. Sellers in Oakland, California took home the highest profits at 78 percent, or $235,000.

Duration is key. The average seller turning a $39,900 profit, the analysis shows, held on to their home for seven years and five months. The average seller in Oakland hung on to their home for seven years and three months.

The top 10 markets:
       
CityMedian Years OwnedDollar Gain on Sale Annual Dollar Gain on Sale Percent Gain on Sale
Oakland, CA 7 years,
3 months
$235,000 $33,913 78.0%
Portland, OR 9 years,
1 month
$145,026 $16,714 64.7%
San Jose, CA 9 years,
8 months
$271,150 $30,562 56.5%
Denver, CO 7 years,
7 months
$119,500 $18,162 56.0%
Los Angeles, CA 9 years,
8 months
$200,000 $23,200 53.7%
Sacramento, CA 6 years,
11 months
$82,500 $12,000 53.6%
Seattle, WA 9 years,
2 months
$185,000 $20,840 53.1%
Philadelphia, PA 7 years,
11 months
$40,225 $4,194 51.7%
New Orleans, LA 8 years,
7 months
$81,000 $10,475 51.5%
Boston, MA 7 years,
10 months
$182,500 $25,036 49.6%

"The housing market can change a lot in 10 years, and you see that reflected in this top 10 list," says economist Dr. Svenja Gudell. "Buying a home is one of the biggest financial decisions people will make in their lifetime, and it really paid off for sellers in these cities. Every city on this list has been growing extremely fast over the past decade, with the majority passing peak home value hit during the housing bubble."

The ability to amass wealth over the long term makes real estate the No. 1 investment for most Americans, despite proven results from stocks and other vehicles.

"It's extremely difficult to time the market, but if you're a longtime homeowner in one of these cities, you could potentially see a great return on your investment," Gudell says.
Think Twice Before Storing Your Credit Card Information
ruler
Image 2 The convenience of saving your credit card information on your favorite sites is appealing - no more scrambling for your card, no more entering all that information - especially when it comes to purchases made on your mobile device.

Due to increasing incidence of data theft, the Better Business Bureau (BBB) encourages consumers to take into account the risks involved in storing their credit card information online.

This is an important consideration due to the increasing volume and variety of data theft over the past several years. The theft of personal information from medical insurance companies, restaurants and retailers has understandably made consumers wary about how their information is handled.

The BBB offers the following suggestions for protecting your financial information:

You can say no. In most cases, merchants will ask if you'd like them to keep your number on file. You have the right to say no. If a merchant isn't clear about their policy, ask about it.

Remove your credit card information. Some online merchants automatically store your credit card info without asking, so after you've made a purchase, log into your account and find the option to remove your payment information from a company's files.

Stay safe when you're out and about. Avoid making any transactions over a public Wi-Fi network that does not require a password. Hackers can set up a fake network with a name similar to that of the location where free Wi-Fi is offered. If you connect to it, they can get into your files and steal your information. Ask for the name of the location's Wi-Fi network before connecting.

Use credit, not debit. Whether you use a debit or credit card, you are protected from any liability due to fraud. Debit cards, however, allow cybercriminals to empty your bank account after a data breach.

Keep a close watch on credit and bank statements. Be vigilant about scanning your statements for unusual or unauthorized charges. If anything looks suspicious, call your financial institution right away.

Hope you found this helpful. If you're interested in information about the real estate market, please contact me.
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113 Blackwater Way
Moncks Corner, SC 29461
Beds: 4 Baths: 3
Price: $329,900
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Mount Pleasant, SC 29466
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Tuesday, October 17, 2017

Tuesday's Listing Updates

Tuesday's Listing Updates


Brian OShea

Team OShea - The Boulevard Co
(843) 882-5252
www.findahomeincharlestonsc.com

Below are some listings you may be interested in seeing. Please don't hesitate to call if you have any questions or would like to set up a showing.

Results for: Listing Alert  - Active properties,  $150,000 to $375,000, 3+ Beds, 0+ Baths
Active
$290,000
3 br 2 ba 1317 sq ft Listing ID: 17028054

Listing courtesy of Carolina One Real Estate

Active
$299,000
3 br 3 ba 1640 sq ft Listing ID: 17028042

Listing courtesy of iSave Realty

PRICE CHANGE
Active
$319,999
3 br 2 ba 1476 sq ft Listing ID: 17025788

Listing courtesy of The Boulevard Company, LLC

Active
$345,000
3 br 2 ba 1462 sq ft Listing ID: 17028090

Listing courtesy of Carolina One Real Estate

Active
$345,000
3 br 3 ba 1789 sq ft Listing ID: 17015557

Listing courtesy of Keller Williams Realty Charleston

PRICE CHANGE
Active
$359,000
4 br 3 ba 2633 sq ft Listing ID: 17019645

Listing courtesy of Carolina Elite Real Estate

PRICE CHANGE
Active
$364,900
3 br 2 ba 1850 sq ft Listing ID: 17024220

Listing courtesy of BHHS Carolina Sun Real Estate

PRICE CHANGE
Active
$373,500
4 br 3 ba 2633 sq ft Listing ID: 17018158

Listing courtesy of Carolina One Real Estate

There are more properties matching this search View All Properties


This message was sent on behalf of Brian OShea at Team OShea - The Boulevard Co. Some of the information in this email is copyrighted by the local Multiple Listing Service.

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Tuesday's Listing Updates

Tuesday's Listing Updates


Brian OShea

Team OShea - The Boulevard Co
(843) 882-5252
www.findahomeincharlestonsc.com

Below are some listings you may be interested in seeing. Please don't hesitate to call if you have any questions or would like to set up a showing.

Results for: Isle of Palms  - Active properties,  $400,000 to $2,250,000, 2+ Beds, Any Baths
Active
$825,000
3 br 2 ba 1344 sq ft Listing ID: 17027866

Listing courtesy of RE/MAX Alliance

PRICE CHANGE
Active
$857,500
3 br 3 ba 3017 sq ft Listing ID: 17024613

Listing courtesy of Brand Name Real Estate

Active
$895,000
4 br 4 ba 1939 sq ft Listing ID: 17028212

Listing courtesy of RE/MAX Alliance

PRICE CHANGE
Active
$929,000
3 br 4 ba 3765 sq ft Listing ID: 17009089

Listing courtesy of Dunes Properties of Chas Inc

PRICE CHANGE
Active
$950,000
4 br 4 ba 3000 sq ft Listing ID: 17013148

Listing courtesy of Keller Williams Realty Chas. Islands

PRICE CHANGE
Active
$975,000
3 br 3 ba 3077 sq ft Listing ID: 17021647

Listing courtesy of BHHS Carolina Sun Real Estate

PRICE CHANGE
Active
$1,279,000
7 br 5 ba 2720 sq ft Listing ID: 16023132

Listing courtesy of AgentOwned Preferred Group In

Active
$1,300,000
3 br 3 ba 1965 sq ft Listing ID: 17027822

Listing courtesy of Wild Dunes Real Estate, LLC

PRICE CHANGE
Active
$1,345,000
6 br 6 ba 3806 sq ft Listing ID: 16028196

Listing courtesy of Carolina One Real Estate

Active
$1,349,000
4 br 4 ba 2482 sq ft Listing ID: 17027835

Listing courtesy of East Islands Real Estate

PRICE CHANGE
Active
$1,595,000
5 br 5 ba 3683 sq ft Listing ID: 17014813

Listing courtesy of Matt O'Neill Real Estate

PRICE CHANGE
Active
$1,740,000
7 br 7 ba 3870 sq ft Listing ID: 16029069

Listing courtesy of Sand Dollar Real Estate Group

There are more properties matching this search View All Properties


This message was sent on behalf of Brian OShea at Team OShea - The Boulevard Co. Some of the information in this email is copyrighted by the local Multiple Listing Service.

Unsubscribe or manage account settings