Step 3-Get loan approval.

Few people can buy a home for cash. According to the National Association of REALTORS® (NAR), nearly nine out of 10 buyers finance their purchase, which means that virtually all buyers — especially first-time purchasers — required a loan. The real issue with real estate financing is not getting a loan (virtually anyone willing to pay lofty interest rates can find a mortgage). Instead, the idea is to get the loan that’s right for you — the mortgage with the lowest cost and best terms.

Rock Hill Realtors routinely suggest that consumers start the mortgage process well before bidding on a home. Many lenders (the sources of money) and programs, for example, are available right here in the finance section of Realtor.com as well as through recommendations from local Rock Hill Realtors. By meeting with lenders — either online or face to face — and looking at loan options, you will find which programs best meet your needs and how much you can afford.

Rock Hill Realtors also recommend pre approvals for another reason: Purchase forms often require buyers to apply for financing within a given time, in many cases, seven to 10 days. By meeting with loan officers in advance and identifying mortgage programs, it won’t be necessary to quickly find a lender, check credit, and rush into a financing decision that may not be the best option.

What is it?

There were 42 active properties on the market with an average list price of $402,674 with average days on the market of 92 days.

19 properties conditional.
23 properties pending.
6 temporary off the market.
2 properties contingent.
40 properties withdrawn.
51 expired listings.

The 63 sold homes had an average listing price of $327,886 and sold for of $308,631 averaging 142 days on the market.

Some of the 63 homes that were sold were located at Ashlyn Creek,  Bay Crossing, Curtis Pond,  Davidson Pointe,  Fernbrook,  Foxfield, Huntington Ridge, Harbor Cove Mallard Head, Morrison Cove,  Morrison Plantation,   Northbridge,  Northington Woods,  Pinnacle Shores,  The Farms, The Hampshires, The Harbour At The Pointe, The Point, Waterlynn, Watertree Landing.

There were 69 active properties on the market with an average list price of $255,157 with an average of 49 days on the market.

20 properties conditional.
22 properties  pending.
4 properties temporary off the market.
1 property contingent.
22 properties withdrawn.
35 expired listings.

The 74 sold homes had an average listing price of 240,427 and sold for of $232,960 averaging 90 days on the market.

Some of the 74 homes that were sold were located  at Alexander Place,  Arbor Croft, Barkley,  Bay Shores,  Birkdale,  Birkdale Grove,  Birkdale Village,  Cambridge Grove,  Cashion Woods,  Cedarfield,  Centennial,  Covington,  Crown Ridge,  Green Farm,  Hampton Ridge, Harvest Pointe,  Lake Norman,  Latta Springs,  Lookout Point,  Macaulay,  Mccord Crossing, Mcginnis Village,  Melbourne, Mirabella,  Monteith Park, Northstone,  Olmsted, Plum Creek, Ramah Oaks, Shelton Ridge, Shepherds Vineyard,  Sherwood Forest, Skybrook, Stillwell, Tanners Creek,  The Hamptons, The Pavilion,  Vermillion,  Willowbrook, Wynfield,  Wynfield Creek, Wynfield Forest.

There were 34 active properties on the market with an average list price of $518,136 with an average of 52 days on the market.

7 properties were conditional.
9 properties were pending.
2  properties temporary off the market.
3 properties contingent.
15 properties were withdrawn.
18 expired listings.

The 24 sold homes had an average listing price of $225,637 and sold for of $209.269 averaging 192 days on the market.

Some of the 24 homes that were sold for the month were located at Ashley Cove, Benidorm, Bordeaux,  Bridgeport,  Cameron Heights,  Catawba Springs, Eastwind Cove, Forest Hills, Forest Oaks, Governors Island, Harbor Oaks, Harbor Watch,  Hunters Bluff,  Isle Of Pines,  LakeShore, Live Oaks,  Norman Estates, Norman Pointe, Oxford Hunt, Pebble Bay, Sailview,  Salem Springs, Sandpiper Bay, Smithstone, Stillwater, Verdict Ridge, Villages of Denver, Webbs Chapel Cove,  Westport, Willow Cove, Windsor Forest.

There were 23 active properties with an average list price of $440,192 with and average of 44 days on the market.

3 properties conditional.
6 properties were pending.
1 property temporarily off the market.
0 properties were contingent.
12 properties were withdrawn.
13expired listings.

The 17 sold homes had an average listing price of $380,390 and sold for of $359,997 averaging 115 days on the market.

Some of the 17 homes that were sold for the month were located  Abersham, Anniston, Archer Ridge, Bailey Springs, Bradford , Davidson, Davidson Gateway Deer Park, Davidson Pointe , Davidson Springs,  Davidson Wood, Deer Park,  Historic District, Hobbs Hill, Homestead, Lake Davidson Park, Mcconnell,  Old Davidson, Pages Pond, Palomino Mill Village, Park Creek, River Run, Royal Oaks, Runnymeade, Spinnaker Cove, Summers Walk, Terrace Estates, The Woodlands At Davidson, Westmoreland Farm, Woods at Lake Davidson.

There were 28 active properties on the market with an average list price of $531,325 with average days on the market of 79.

12 properties conditional
10 properties were pending.
4 properties temporary off the market.
11 properties were withdrawn.
11 expired listings

The 20 sold homes had an average listing price of $442,415 and sold for of $405,325 averaging 136 days on the market.

Some of the 20 homes that were sold for the month were located  100 Norman Place, Alexander Chase, Antiquity, Bahia Bay, Baileys Glen, Blue Stone Harbor, Caldwell Station, Captains Point,  Country Club Shores, Crown Harbor, Diane Shores, Glenridge, Heritage Green, Jetton Cove, Joys Serenity Point, Magnolia Estates,  Mill Creek, Norman Colony,  Norman Shores, Oakhurst, Patricks Purchase,  Pointe Regatta, Preston At The Lake, Riverchase,  Robbins Park, Sawyers Landing,  Shearwater Point,  Sterling Pointe,  Stratford Forest, The Peninsula, Town Heights, Townwood Village, Victoria Bay, Waterford Point,  Weatherstone,  Wellsley Village,  Westmoreland,  Willow Pond,  Wrights Emerald Cove, Yachtman Shores

December 2011 Fort Mill Real Estate Report

There were 48 active properties on the market with an average list price of $276,253 with an average of 65 days on the market.

11 properties were conditional

24 properties were pending

2   properties were temporarily off the market

2   properties were contingent

23 properties were withdrawn

14 properties were expired

The 58 sold homes had and average listing price of $271, 767 and had an average sold price of $293,122 (that’s 112%) while averaging 104 days on market.

Many of the 58 homes sold in Fort Mill were found in these neighborhoods:       Arlington, Ashley Glen, Bailiwyck, Baxter Village, Belair at Carolina Lakes, Bridgemill, Eppington South, Fallbrook, Fair Oaks, Four Seasons at Gold Hill, Huntington Farms, Legacy Park, Regent Park, Reserve at Gold Hill, Silver Run, Springfield, Sun City at Carolina Lakes, Sutton Place, Walden Park, Waterstone, Whitegrove, Whitley Mills.

For more info on neighborhoods in this area visit Fort Mill Real Estate.

December 2011 Rock Hill Real Estate Report!

There were 77 active properties on the market with an average list price of $167,844 with an average of 73 days on the market.

3   properties were conditional

26 properties were pending

0   temporarily off market

6   properties were contingent

16 properties were withdrawn

24 properties expired

The 54 sold properties had an average listing price of $161,984 and had a average sold price of $155,859 (that’s 96%) while averaging 140 days on the market.

Many of the 54 homes sold in Rock Hill were found in these neighborhoods:

Bristol Park, Country Oaks, Ebenezer Village, Creeks Edge, Heathwood, Hidden Forest, Newport Lakes, Ridge Point, Riverwood, Roddey Park, Shiland Hills, Sweetwater Plantation-, The Parks.

For more information on this area contact a local Rock Hill Realtor.