13 Homes Sold in Anderson County
14 single family homes and 1 town home were reported as sold this week.
The average price of the homes reported sold this week was $138,977.
The median price of the homes reported sold this week was $89,700.
The average days on market was 104.
Remember this is for only 1 week and 13 homes!
Least Expensive Home Reported Sold
The least expensive home reported sold this week in Anderson County was a 1080 SF 3 bedroom 2 bath mobile home on 0.72 acres in Anderson. It sold for $37,000 CASH after being on the market for 24 days. Originally listed at $39,990.
Not a foreclosure. Brick underpinned but MLS does NOT say if it is FHA approved foundation.
Just yesterday I had someone email me about a super cheap mobile home. Sadly they had NOT spoken to a mortgage lender and are operating under the assumption that they will be able to get a mortgage for a super cheap mobile home.
The truth is that most super cheap mobile homes sell for CASH. This is because the banks are NOT willing to give buyers a mortgage for such a small amount OR the mobile home will not qualify for a mortgage.
If you are serious about buying a home, you MUST speak to a lender FIRST.
I know this might sound rude but there is a very good reason why this is for YOUR benefit!
The financing of your home is often the biggest bottleneck to the entire home buying process. You need to know exactly where you stand on the financing front before you set foot on any seller’s property.
Let’s not waste anyone’s time, effort, or money with a wild goose chase. If your maximum price is $100,000, there’s absolutely no reason for you to be looking at a $200,000 home.
Moreover, let me make this perfectly clear — you don’t have to talk to a specific lender, but you must talk to a lender. Just remember that it’s entirely your choice which lender you use!
If you are able to purchase your next home with cash, I must congratulate you for being in such a great financial place. However, you need to understand that you must submit your proof of funds (POF) with your offer for sellers to take you seriously. That can be a recent bank statement (or 401K, etc.) that shows at least the offer amount as its balance.
A Pre-Qualification or Pre-Approval Letter or POF needs to accompany ALL offers. If you do not have either of these super important documents, then you need to stop looking at homes and get your ducks in a row.
First things first after all!
I know this sounds harsh. Or maybe even rude.
But it is the freaking truth.
Most Expensive Home Reported Sold
The most expensive home reported sold this week in Anderson County was a 5000 SF 5 bedroom 3 full bath 2 half bath home on 17 acres in Powdersville. It sold for $535,000 after being on the market for 98 days. Originally listed at $599,000.
In ground pool. There is also a 2 bedroom 2 bath mobile home on the property that passed with the sale. 3 car attached garage.
Deal of the Week
In my opinion, the best deal of the homes sold this week in Anderson County was a 2700 SF 4 bedroom 3 bath home on 0.76 acres in Anderson. It sold for $183,000 after being on the market for 184 days. Originally listed at $189,000.
In ground pool. 2 master suites. Storage building. Attached 2 car garage with storage room. Centerville, Lakeside, Westside school district. Big house for the money.
Foreclosures and Short Sales
Only 3 of the homes reported sold this past week were foreclosures.
None of the homes reported sold was a short sale.
Today there are 85 foreclosed homes for sale in Anderson County.
Inventory and Absorption Rate
Today there are 1475 homes for sale in Anderson County.
If homes in Anderson County continue to sell at the same pace and no more homes hit the market, it will take 794 days to sell all the available homes.
There were 45 new listings to hit the MLS this week in Anderson County.
The best deal in my opinion of this week’s new listings in Anderson County is a brick 1322 SF 3 bedroom 1 bath home on less than 0.49 acres in the city limits of Anderson. It hit the market at $52,900.
Foreclosure. Located in North Anderson. Good rental potential and should rent for $600 after rehab.
12 homes were reported as going Under Contract (Pending) this week.
Currently there are 197 homes in the MLS with an Under Contract (Pending) status.
The Fine Print:
This is only the basics of what happened last week in Anderson County real estate.
This report covers what happened for the week ending 10-27-2013 based on information from the Western Upstate Multiple Listing Service for the period 10-20-2013 through 10-27-2013. As always there may have been more closings but the agent has not turned in the closing sheet to the WUAR MLS yet. All this data is from the Western Upstate Association of REALTORS® Multiple Listing Service.
Any snarky or sarcastic comments are from your truly.