Ins and Outs of Short Sales

Please read this article in the Charleston Post and Courier Real Estate section.  Click Here

Please note-

Definition of a short sale is

A sale where the proceeds do not cover the lienholders lien - important to note that a short sale does NOT have to involve a bank - Please call if you have questions.

Second - please be aware of agents who will "put your home under contract" so that they can start bank negotiations....there may be a time and place for these actions but banks may now consider it a "flip" and even intent to defraud the lienholder. Some banks such as Suntrust will make short sales contingent upon an agreement that the home will not be "flippe...

Is the Tax Credit driving Buyers into the Real Estate Market?

The last few weeks have certainly been busy and at MarshallWalker.com and we are seeing a tremendous surge of first time homebuyers.  The $8000 tax credit is a huge advantage to a first time buyer but interest rates are also holding at record lows - FHA 30 year was quoted at 4.875% yesterday. If you are thinking about purchasing a home I recommend sooner than later....remember that this ta credit is only good till Dec 31,2009 - that means that you need to be under contract by Nov. at the latest....beware that the inventory for first time homebuyers is not very high (contrary to what you may read in the media)

Call Marshall to...

Free ~ Introduction to Charleston

CLICK HERE TO SUBMIT

Marshall Walker is proud to present Free of Charge a Comprehensive 72 page Charleston relocation and newcomers guide to introduce you to our wonderful city of Charleston -Filled with well written descriptions of the different areas to live, where to go, what to to and sights to see. I have also included lists of area restaraunts, hotels and golf courses to play during your visit as well as hospitals,utilities and other Charleston area services.

 I even include an area map so that you will be able to get your bearings prior to a move or visit!

CLICK HERE TO SUBMIT

Equal  Housing Oppurtunity

A free service of The MarshallWalk...

What to do, what to see and where to go! Visit this link to the SC State tourism web page!

Click Here

SC State RenovationTax Credit

Unknown to but a few - here is south Carolina we are lucky enough to be able to take advantage of rehabilitation tax credits on homes and income producing properties.

Tax Savings for Owners of Historic Homes

25% State Historic Rehabilitation Tax Credit

Tax Savings for Owners

of Income-Producing Historic Buildings

Special Property Tax Assessments For

Rehabilitated Historic Buildings

 Lastly Click here for links to Internet Rehap Resources

Please read this interesting blog on Mortgage Fraud - Please be sure to use a FULL TIME and Full service real estate agent - check credentials as I have heard stories of agent saying they are the CEO of the company locally - check references as there is no better measure of an agent than a testimonial. the same goes for your mortgage professional!

BLOG ON MORTGAGE FRAUD

I ran across this interesting article in the NY times about Historic Preservation

http://www.nytimes.com/2009/04/03/greathomesanddestinations/03your.html?_r=2&scp=1&sq=historic&st=cse