New Loan Limits: What Does This Mean For The Seneca Real Estate Market?
The real estate market in Seneca and the surrounding lake areas have been hot for the last couple of years, and home values have increased substantially. As a result of these increases, the Federal Housing Finance Agency (FHFA) has announced its new loan limits,...
What Is An Appraisal?
If you need to obtain a loan to purchase a home, you will be required to get a home appraisal before the loan is approved. But, what is an appraisal, and why is it necessary? Let's discuss this commonly misunderstood real estate term. What Is An Appraisal? An...
How To Make Your Purchase Offer Stand Out In a Seller’s Market
The Seneca real estate market has been a seller's market for the last couple of years, and it doesn't look like that will be changing anytime soon. In fact, all signs point to Seneca home values increasing, inventory remaining low, and conditions favoring the sellers...
Looking Ahead At The Seneca Real Estate Market
2021 has favored home sellers in Seneca. Homes for sale in Seneca SC have flown off the market and sold 17% faster than they did in 2020. Values have also increased by about 20% since 2020, and the average home value is now just under $225,000. What can you expect if...
Thinking About Renting Out Your Lake House?
What's The Worst That Could Happen? For vacation homeowners who maybe aren't using the home as much as they'd like or for investors who are weighing their options, a short-term vacation rental is a great option. They can bring in double or even triple the amount of...
4 Lesser Known Tax Breaks For Homeowners
As 2021 comes to an end, it is an excellent time to start getting your documentation ready, so you can file your taxes early. One of the most significant perks of homeownership is the tax breaks that come along with it. Most homeowners know that they can deduct...
