ʟᴏᴏᴋɪɴɢ ꜰᴏʀ ᴀ ᴄʜᴀɴɢᴇ? ᴀɪᴋᴇɴ, ꜱᴄ + ᴀᴜɢᴜꜱᴛᴀ, ɢᴀ

Brandi Cook + Vikki Crossland
Meybohm Real Estate
803.645.3325 | 803.645.8008
info@aikenhomes.com

2023 South Carolina + Georgia Real Estate Predictions

How did 2022 turn out in real estate mortgage and construction? One year ago, we asked a local loan officer, Josh Booth at Security Federal, what his predictions of the 2022 market were???? We also had predictions from Carraway Builders. Were they right??? To get the full details of his predictions make sure to go back and check out that video! https://youtu.be/uN_HBfjs6LM 

Let’s welcome back Josh Booth of Security Federal. How close was Josh… Do you dare come in? Josh predicted that the interest rates would continue to rise in 2022.

Did they? Interest rates did rise throughout 2022. Interest rates currently at the end of 2022 for a fixed 30-year mortgage is 6.51% nationally. Insider info…What Josh did predict (which was not on video) how high they would jump up but he told us he thought 5, maybe… 6%. Please note in fall of 2022 at one point they popped up to 7+%. Josh's last prediction was hot off the press at that time. Josh said second home mortgage terms would be different and interest rates would be higher.

Second home mortgages had an increase in interest rates as well!  Second home mortgage rates can be 0.5-1% higher! I give him 2.5 out 3 predictions since he did not predict the spike of 7%; where is your crystal ball, Josh?

Now… how did Anthony Carraway of Carraway Builders do with his prediction.  Let’s welcome back Stephanie Carraway an Aiken Homes Team member who is an awesome buyer’s agent specialist and has a strong background in construction.

Let’s listen to last year’s prediction https://youtu.be/uN_HBfjs6LM 

Anthony got it exactly right! Stephanie so what does Anthony predict for new construction or remodeling for 2023?

In the early part of 2023 I think building prices will start to stabilize in the custom home market as material prices begin to level out. However, the current price point will be maintained with Builders continuing to hunt for skilled labor to fill shortages over the next year.

That’s an interesting point about finding skilled labor. Any other predictions? I think the first quarter of the year we will see customers that were waiting on more stability in the market make plans to start custom projects or turn to competitive resales hitting the market. This will most likely support the market returning to normal levels by the end of the year.   

Wow what great information and pretty much spot on what happened in 2022. We have an awesome team and great resources to help our buyer and seller clients make the smart decisions.

To stay up with what’s going on… Make sure to subscribe to our YouTube channel, hit the bell for more videos throughout the year and like our page; this is valuable info.

Even though the real estate market is everchanging there is no better time to invest in yourself and your dreams. If owning or building a home is a goal for 2023, we would love to be your real estate team that guides you through the real estate maze.

It’s a big decision, we know. We’re here to help! It's your home, your lifestyle, and we want to be your real estate team.

Brandi Cook + Vikki Crossland

Meybohm Real Estate

#thesearchisover #aikenhomesteam #meybohmrealestate #theplacetobe #aikenrealestate #augustarealestate #csra #wesellscandga #licensedinscandga #weeklyvideo #brandi+vikki #themoreyouknow #realtipsandtrends #homeowners #sellers #buyers #teamworkmakesthedreamwork #aikencounty #richmondcounty #columbiacounty #southcarolina #georgia #realestate #itsabigdecision #weknow #heretohelp #Responsive #Experienced #Authentic #Loyal #generationsofREALservice #yourhomeyourlifestyleyourteam

What Can $300,000ish Get You in a Home in Aiken, SC?

$300,000ish… what does that buy you in a HOME in Aiken County, SC? It’s around our average sales price range based on Aiken MLS data as of the end of 2022. Stay tuned to get a better understanding of the current housing market in the active price point.

We are going to show 3 totally different properties to give you an idea of what $300,000ish can buy you in Aiken County and they are all resale homes.

Let’s head to north side of Downtown Aiken, SC to the Grand Oaks community. This nice-looking one level brick home, offers an easy-care yard and super close the downtown Aiken. Currently listed for $299,500. Let’s take a quick tour of the inside.

This is lovely home move-in ready.

305 Grand Oaks Way, Aiken, SC 29801 | Listing Price $299,500

3bedrooms | 2 baths | 1,827 sq. ft. | .38 acre lot

Listing Team: Sullivan-Turner of Meybohm Real Estate | MLS#203593

 What’s a rare find is a resale home on a large acre+ lot. We have an awesome example… let’s go see the next home for another lifestyle option. This is mid-century ranch that has been refreshed and renovated on a 1.45 acre offered for $319,900.

I heard this home has a new kitchen, lets take a quick tour! Love the kitchen, large laundry room and a screen porch here. I personally like the yard space.

2 Partridge Court Aiken, SC 29803 | Listing Price $319,900                         

3 bedrooms | 2 baths | 2,027 sq. ft. | flex room | 1.45-acre lot Listing Team: Brandi Cook & Vikki Crossland Aiken Homes Team | Meybohm Real Estate | MLS # 204501

Now let’s head to the Southside of Aiken to the Cornerstone community. Our 3^rd home is offered at $300,000.

5064 Nokesville Circle, Aiken, SC 29803 | Listing Price $300,000

4 bedrooms | 3 baths | 2,347 sq. ft.  | .19 acres lot

Listing Agent:  Tamra Eichelberger-Keller Williams Realty Aiken Partners | MLS#203713

This home is deceiving from the street, its actually 2 stories offering more sq. ft.. If, I recall correctly there’s a very open living kitchen arrangement and a downstairs primary suite. What are you waiting for let’s take peek inside and check this one out.

 

One thing for sure if you see a home that gets your attention in this price range, you still need to act fast.

You need to be prepared with a pre-approval letter and ready to make that offer. Most importantly you need a skilled REALTOR that is a buyer’s agent who will guide you through the 2023 market. This way you will have success when purchasing your dream home.

We want to be your local real estate experts! Thinking of buying, making move to our area? Stay up to date with our weekly trends and tips, like our page and better yet subscribe to our YOUTube channel.

Call or text us and we can provide you the inside scoop of living in the Aiken area. It’s a big decision we know! And we are here to help.

Remember it’s your home, your lifestyle and we want to be your team.

 These homes are examples of the real estate market at time of producing this video and may be under contract or sold.

Let us help you find your dream home… 

Brandi Cook & Vikki Crossland

803-645-3325 & 803-645-8008

Aiken Homes Team of Meybohm Real Estate

#thesearchisover #aikenhomesteam #meybohmrealestate #theplacetobe #weeklyvideo #brandiandvikki #realtipsandtrends #buyers #sellers #homeowners #averagepricerange #homeownership #aikencounty #southcarolina #realestate #aikenrealestate #itsabigdecision #weknow #heretohelp #Responsive #Experienced #Authentic #Loyal #generationsofREALservice #realtors #themoreyouknow #heretohelp #buyersagents #listingagents #yourhomeyourlifestyleyourteam

Negotiating Your Position

 

The seller wants the most for their home and the buyer wants to pay the least possible.  From the very beginning of the homebuying process, there are adversarial positions between the principals.  If you happen to be in a multi-offer situation, it just complicates things further. Then, there are the emotions that tend to cloud the decision making on both sides of the transaction.  Sellers have lived in the home for years, possibly, with cherished family experiences and maybe, having put considerable effort and money into capital improvements. On the buyer side, they may have lost out on several homes due to competing offers and now, this year, interest rates have doubled, and the discretionary funds required to pay for a home could be causing cuts in their budget in other areas. A year ago, buyers were waiving contingencies for financing, appraisals, inspections, and other things just to be competitive.  Today, to make the home more affordable with the higher mortgage rates, buyers need the seller to make financial concessions but who is going to make their case to the seller for them? The role of a third-party negotiator played by the real estate professionals has always been valuable to the success of the transaction but now, it may even be essential.  Sellers enjoyed an extraordinary market in their favor for the past two years with incredible appreciation and so many buyers chasing so few homes, the sellers were able to write their own ticket. Inflation and mortgage rates have put the brakes on the market, eliminating over 15 million mortgage-ready buyers.  The buyers who are still in the market need to be cautious, so they don't overextend themselves and overpay for a home. The agents can assist both the buyers and sellers in seeing things in an objective way that reflects the current market and not the way it was a year ago.  All parties must be reasonable and not expect too much.  They need to consider facts and not feelings. Negotiating the sale or purchase of a home is a competition; for one person to get something, someone must give something up.  If a person doesn't feel comfortable with this, it is important to work with an agent who can bring their skills to the table on your behalf.  As your advocate, they can champion your position and put transactions together that would not have been possible if it were left to the principals alone. Negotiation skills are acquired through training and experience.  When interviewing an agent, ask them what role negotiation plays in their marketing plan if you're a seller and purchase plan, if you are a buyer.  An agent who cannot defend their position in the transaction may not be the right person to defend yours.

Brandi & Vikki Present: 110 Hunters Run Drive Aiken, SC

Hitting the market later today! Pristine Property & Picture-Perfect Fairway Views Easy-care life style, time to enjoy the things you love to do. Attention to details with a wealth of architectural interest can be discovered everywhere in this exceptional, one level brick home. This home boasts tranquil living areas with beautiful hardwood floors, volume ceilings, abundance of windows and detailed moldings, all of which enhance the desirability and livability of this home. The main living room is accented by an attractive gas fireplace, TV ready and flanked by built-ins to showcase your collectibles. The resident chef will love this perfectly remodeled entertainer-size kitchen with tons of cabinetry, plenty of drawers, stainless steel appliances, gas cook top and several unexpected surprises. Desirable gorgeous Quartz counters, pull-out drawers style pantry, expansive serving bar, pendant lighting and delightful breakfast area with exceptional views with easy access to outside deck or screened porch. For causal and lavish affairs enjoy the fabulous versatile dining room. “Relax and refresh” in the owner’s suite that offers newly renovated serene bathroom with stunning tile floors & shower, relaxing jetted tub, oversized double-bowl Quartz vanity and well-sized walk-in closet. Guest bedrooms are both comfortable, versatile offering access to another newly renovated bathroom.  You will love the relaxing screen porch with faultless views of the #1 Cupp course. Step outdoors for more causal enjoyment or dine al fresco on the charming easy-care composite 2 level decking. The lush manicured grounds offer an array of colorful shrubs, flowers and even has “invisible” fencing if you have a dog. There is a great laundry with utility sink. Attractive court yard entry 2-car garage. The roof and HVAC system is less than 2 years old. The foundation has been encapsulated with dehumidifier for ease of care & efficiency. Ideal location that provides a choice to walk to Woodside Club and facilities. It is an option to be a member of either club not a requirement. The Woodside community is gated, offers miles of walking and biking trails and preserves/green space. There are 2 country clubs in Woodside, award winning golf courses, tennis/pickle ball courts, swimming, social and enjoyable dining options. The community offers a marvelous lifestyle where you can be as active or involved as you choose; it is your choice. Live Your LIFE in your Woodside Aiken Home.  Brandi Cook and Vikki Crossland Meybohm Real Estate #thesearchisover #aikenhomesteam #meybohmrealestate #theplacetobe #aikensc #woodsidehomes #aikenrealestate #newlisting #welcomehome #itsabigdecision #weknow #heretohelp #Responsive #Experienced #AUthentic #Loyal #generationsofREALservice #yourhomeyourlifestyleyourteam

Real Estate Stats & Trends: Aiken, SC + Augusta, GA- 2022

Happy New Year from our homes to yours!

2022 was another amazing year for the Aiken Homes Team and the CSRA in home sales.

Stay tuned a quick recap of local real estate market, AHT stats & upcoming trends.

Hi, I'm Brandi Cook and I'm Vikki Crossland and we are Aiken Homes Team- Meybohm Real Estate. 

This year we had the pleasure of helping a total of 104 families both buyers and sellers realize their real estate dreams. That was almost a 10% increase from 2021.

Our team sold over $32,000,000 of real estate which was our best year ever helping sellers and buyers in both the Aiken and Augusta areas.

Let’s together take a look & compare the Aiken MLS /SC  and Augusta MLS /GA home sales stats.

The average home price sold in the Augusta MLS in GA for $290,000 and the median home sale was $265,000 for 2022. Which was about a 10 % increase when compared to 2021.

Let’s take a look at Aiken MLS in SC. The average home price sold was $308,600 and the median home sale was $270,000 for 2022. Which was also, about 10% % increase when compared to 2021.  

By the way… are you finding this data valuable and interesting?

Want to keep up with latest local real estate market and trends? Subscribe to our YouTube channel. All you have to do is go to YouTube.com/@aikenhomesteam

Back to Augusta MLS… the average days on the market (DOM) for a home was 75. In 2021 it was 78 days about 1% difference.

Let’s see what Aiken MLS data reflects. The average days on the market for a home in Aiken was 45. In 2021, the DOM was a 10 day increase over 2021. Still good.

Let’s get a little deeper into the data. Both markets “List to sale ratio” was nearly 100%.  That is how much a home sold for when compared to its listing price.

An example if a home was listed for $100,000 and sold for 99,000 the List to sale ratio would be 99%.

 

Interesting news that could signal a trend for this year’s real estate. USA today picked the CSRA which includes Augusta, GA all the way to Columbia, SC when you delve into the article as one of the top 10 real estate markets for 2023.

 

If you are thinking of selling your home in 2023, we would love to help you, there’s still demand for homes in our area at this time.

If you are ready to buy in 2023, we can help with that too. We are full-service REALTORS® with generations of expertise and knowledge.

 

It’s a big decision, we know. We are here to help! It’s your home, your lifestyle and we are your CSRA team! 

 

Brandi Cook and Vikki Crossland

Meybohm Real Estate

 

#thesearchisover #aikenhomesteam #meybohmrealestate #theplacetobe #aikensc #augustaga #csra #centralsavannahriverarea #licensedinscandga #wesellscandga #weeklyvideo #brandiandvikki #tipsandtrends #homeowners #sellers #buyers #yearinreview #themoreyounknow #realestate #state #aikenrealestate #augustarealestate #itsabigdecision #weknow #heretohelp #Responsive #Experienced #Authentic #Loyal #generationsofREALservice #yourhomeyourteamyourlifestyle

Rollback Taxes... What Are They? Aiken, SC

Roll back taxes...What are they? Does your property purchase trigger them? Who is responsible for paying for them? We are here to answer all your questions. Imagine...your dream has finally come true! You have just found acres of land where you can farm and build your dream house, the only problem...corn fields are currently where your dream house should be. Before you buy the property, just to plow down the corn fields there are some things you should know. "ROLL BACK TAXES!" What are roll back taxes? Anytime a property changes its USE from agricultural to any other use, it will cause roll back taxes to be assessed and billed to that portion of the property that has changed. Wondering what classifies as agricultural use? Land that is being cared for, cultivated and harvested for a marketable price. Now this doesn't mean you can't have your house and eat your corn, too! As long as your property remains at least half agricultural your property may still qualify. Say that you decide to go ahead and plow down all the corn. You guessed it, Rollback taxes will take effect. Another time you definitely see roll back taxes triggered is when a developer buys a farm which has the agriculture status and they go develop the land. They start cutting up smaller tracts and selling lots of homes. But who pays for them? Insider tip here… The responsibility of the taxes should be negotiated when your offer is made and agreed upon. The buyer and seller can agree to split the taxes or one of the parties can agree to pay in full but get this settled upfront in writing. The Rollback tax bills are sent to the owner of the property as of December 31 of the year the land use changed. The good news is effective in 2021, rollback taxes are to be assessed over a three-year period rather than the previous five-year period. This is advantageous potential savings of two years’ worth of rollback taxes. We know this can be confusing! Make sure to reach out to your favorite real estate agent so they can answer all your questions. If you do not have one, we would love to help you. We know, it's a big decision! And we're here to help! It’s your home, your lifestyle and we are your real estate team!

Brandi Cook and Vikki Crossland

Meybohm Real Estate

#thesearchisover #aikenhomesteam #meybohmrealestate #theplacetobe #aikenrealestate #realestate #csra #rollbacktaxes #weeklyvideo #brandiandvikki #themoreyouknow #itsabigdecision #weknow #heretohelp #Responsive #Experienced #Authentic #Loyal #generationsofREALservice #yourhomeyourteamyourlifestyle 

#thesearchisover #aikenhomesteam #meybohmrealestate #theplacetobe #aikenrealestate #realestate #csra #rollbacktaxes #weeklyvideo #brandiandvikki #themoreyouknow #itsabigdecision #weknow #heretohelp #Responsive #Experienced #Authentic #Loyal #generationsofREALservice #yourhomeyourteamyourlifestylere They?

Happy 2023!

 

Wishing a prosperous, happy and healthy New Year to our team members, families, colleagues, clients, customers and community! We're ready to get the party started and serve all your real estate needs in 2023!

Brandi Cook and Vikki Crossland
Meybohm Real Estate

#thesearchisover #aikenhomesteam #meybohmrealestate #theplacetobe #aikensc #welcomehome #happyclients #happyteam #homeownership #twentytwentythree #aikenrealestate #letsgo #itsabigdecision #weknow #heretohelp #Responsive #Experienced #Authentic #Loyal #generationsofREALservice

 #yourhomeyourlifestyleyourteam