And the livin’ is easy! The sunny season and all that comes with it has begun around Lake Keowee. It began early for all of us who have children since virtual classes ended a week earlier than a normal school year. That has led to a LOT of folks wanting to be out and about social distancing in the great outdoors. A perfect scenario for us as we’ve had quite a few of those folks meet us in said great outdoors to find the perfect piece of Lake Keowee real estate.
We’ve put 4 Lake Keowee waterfront lots, one interior lot, one Lake Keowee waterfront condo and one Lake Keowee waterfront house under contract over the past week. That’s laying down some paperwork. We’re working hard for our selling clients as 3 of the lots and the house are our listings. That brings up an important point. We need some more listings! Our listing inventory has dropped down below 20 properties for the first time in – I can’t remember when.
We can get your property on the market, looking good, very quickly. And time is of the essence as between now and mid-July we will see the most buyers in the market. So, if you‘ve been forced to give up your Lake Keowee dream or have to move for some crazy reason we can help you get paid asap!
One of the most common errors I’ve seen borrowers make is in not considering the various fees they will end up paying in figuring out the final cost of a home. Let’s take a look at what you can expect.
Loan Application Fee – This is what the lender charges you for applying. It isn’t refundable, even if you’re refused.
Appraisal Fee – This flat fee is usually charged by the prospective lender to pay an independent appraiser to inspect the home and estimate its fair market value. This fee is also nonrefundable whether or not your loan goes through.
Loan Origination Fee – This charge, which covers the lender’s administration costs, can either be a flat amount or a percentage of the loan amount. It’s paid in cash at closing.
More next week….
Check out the Lake Keowee Real Estate numbers for the year