SUMMIT HOMES UPDATE 4/24/18

The link below is an update for the Summit homes collection at Sun City Carolina Lakes.  It includes information about currently active listings, homes currently under contract, and homes that have closed since March 1, 2018.  While the information is for anyone interested in Summit homes, it has been created specifically for the Grey Hawk neighborhood, highlighting Grey Hawk homes that are currently listed.  If you are interested in receiving regular updates on any particular collection of SCCL homes (Manor, Summit, River, Villa, or Carriage Homes), or a general update on the community, or if you would like a personalized property search, please contact me.  

CLICK HERE:  SUMMIT HOMES UPDATE
You can download and/or print this document from the above link, however, feel free to contact me if you would like me to send you a copy as an attachment.  
NOT INTENDED TO SOLICIT BUYERS OR SELLERS CURRENTLY UNDER CONTRACT WITH A BROKERAGE

Please note that you can always go to the PROPERTY SEARCH tab above for links to preset searches for both single family homes and Villas & Carriage Homes, or go to the UP-TO-DATE STATS FOR SCCL tab above to check out a variety of stats for all of Sun City Carolina Lakes.  Stats for currently active, under contract, and recently closed properties are updated daily.  The interactive graphs for New Listings, Homes for Sale, Pending Sales, Closed Sales, Average Days on Market, Months Supply of Homes for Sale, Average List to Close Days, and Average Percent of Original Price are updated monthly.

HOME BUYING MYTHS SLAYED (INFOGRAPHIC)

Information below courtesy of Keeping Current Matters/The KCM Blog

Some Highlights:

• The average down payment for first-time homebuyers is only 6%!
• Despite mortgage interest rates being over 4%, rates are still below historic numbers.
• 88% of property managers raised their rents in the last 12 months!
• The credit score requirements for mortgage approval continue to fall.

GETTING PRE-APPROVED SHOULD ALWAYS BE YOUR FIRST STEP

Getting Pre-Approved Should Always Be Your First Step
Article Courtesy of Keeping Current Matters/The KCM Blog

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing if your dream home is within your reach.

Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:

“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”

One of the many advantages of working with a local real estate professional is that many have relationships with lenders who will be able to help you with this process. Once you have selected a lender, you will need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.”

Freddie Mac describes the ‘4 Cs’ that help determine the amount you will be qualified to borrow:

1. Capacity: Your current and future ability to make your payments
2. Capital or cash reserves: The money, savings, and investments you have that can be sold quickly for cash
3. Collateral: The home, or type of home, that you would like to purchase
4. Credit: Your history of paying bills and other debts on time

Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.

Bottom Line

Many potential home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so.

A TALE OF TWO MARKETS

The generalized information contained in the infographic below is based on stats provided by the National Association of REALTORS® and is not specific to a particular area.  
 
Remember that every market is different and sales in one community may vary greatly from other nearby communities.  For the most current stats for Sun City Carolina Lakes, click HERE.

A TALE OF TWO MARKETS
INFOGRAPHIC courtesy of Keeping Current Matters/the KCM Blog

Some Highlights:

• A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what that’s, in turn, doing to prices!
• Inventory continues to rise in the luxury & premium home markets which is causing prices to cool.
• Demand continues to rise with low inventory in the starter & trade-up home markets, causing prices to rise!

JUST LISTED!

Looking for a home with an amazing view?   This is the one you've been waiting for!

Check out the VIRTUAL TOUR.

This gorgeous Surrey Crest with a spectacular view of Carolina Lakes 11th fairway offers a serene sanctuary for the most discriminating buyer. Enjoy fabulous views from the beautiful MBR, office, and bright and airy sunroom.  The custom paved patio with a charming pond is the perfect place to relax and enjoy beautiful sunsets and an amazing golf course view. This is the only single level home on the golf course side of a double cul-de-sac. Features include hardwood flooring throughout with tile in bathrooms and sunroom, plantation shutters, a custom TV cabinet in the family room, and custom storage cabinets in the garage. Searching for a special place to live?  This is the one you've been waiting for!  Come LIVE THE DREAM at Sun City Carolina Lakes and enjoy all the beautiful amenities and diverse activities this premier active adult community has to offer!