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South Carolina Real Estate School for Success | July 2011

New Home vs. Previously Occupied Home

by Frankie Griffin 28. July 2011 11:11

This week on Success in Real Estate Radio Show, we will be discussing the Pros and Cons to building a new home vs. buying a previously occupied home.  Our guest will be Marty Ekster, President of Morningdale Construction.  Morningdale is currently building true Green Homes for less than one can buy a previously occupied home per square foot.  If you are considering building a new home, you owe it to yourself to visit Paradise Cove at Lake Murray SC and check out the incredible homes available.  If you do not want to live in a gated community on Lake Murray, Morningdale Construction will build your Green Dream Home on your lot anywhere in South Carolina.

Paradise Cove offers over 3500 square foot Mediterranean themed clubhouse complex contining a pool, meeting rooms, lakeside Pub, and a rooftop party deck with breath taking views.  Paradise Cove community marina and your assigned boat slip provide instantaneous access to Lake Murray's 50,000 acres of family fun, fishing, skiing and just meditating.

Energy Savings and Better Environment Homes begin at only $299,000 and use green building technology.  Your new home is built to be virtually maintenance free so that you can spend days making memories with friends and family.  Your home is able to withstand 250 m.p.h. winds while reducing energy consumption by 67% and sound penetration by more than 80%.

This show will air on Saturday, July 30th from 8:30am till 9:30am on WIS Radio, 1320AM or you can listen live via the internet at www.RealEstateSchoolforSuccess.com/blog.  If you have any questions about new homes or real estate in general, give us a call during the show at 803-739-8730.

If you or someone you know would be interested in starting a career in Real Estate, visit our website at www.RealEstateSchoolforSuccess.com for information about any form of SC Real Estate License you may be interested in.  Anyone registering for a class can get a 10% DISCOUNT by entering the PROMO CODE below.

PROMO CODE:  PARADISE

 

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Archive Radio Shows | Podcast

Managing Criminal Culpability in Real Estate

by Frankie Griffin 22. July 2011 11:25

                          AUN AND MCKAY LAW FIRM

This Saturday on Success in Real Estate Radio Show, we will be discussing ways for Real Estate Agents and Homeowners to prevent and manage criminal culpability in a Real Estate transaction.  Andy Aun with Aun and McKay Law Firm will be providing their Tudor and Tour Seminar this Thursday, July 28th from 5:30pm till 7:00pm at the Lexington Villas Clubhouse.  This seminar is free to anyone wishing to attend and it will include food and beverages.  All you have to do is RSVP so they know how much food to bring.  You may open the flyer attached at the bottom of this blog for RSVP and location information.

The seminar will cover topics such as:

* Common real estate scenarios which can give rise to criminal culpability.

* How to deal with an investigation of a real estate transaction.

* Disclosing material facts to avoid criminal culpability.

* Issues relating to mortgage fraud, and how to avoid being considered aiding and abetting in such fraud, and much more.

During the Success in Real Estate show this Saturday morning, Frankie will be discussing specific issues that have landed real estate agents and service providers in court along with some ways to avoid these issues.  Frankie will cover the TOP TEN reasons that a SC Real Estate Agent or Broker-in-charge might be sued.  This will be a show you will not want to miss!!  Show starts at 8:30am till 9:30am this Saturday morning on WIS Radio, 1320AM.  You can also listen live at www.RealEstateSchoolforSuccess.com/blog.  If you have any questions or comments, please give us a call during the show at 803-739-8730.

If you or anyone you know would like to take any licensing classes at the Real Estate School for Success such as Real Estate, Property Manager, Appraisal, Home Inspector, etc., you can get a 10% DISCOUNT off the advertised price by entering the PROMO CODE below.

PROMO CODE FOR DISCOUNT IS:  CULPABILITY

 Criminal Culpability Seminar.jpg (374.58 kb)

 

Attractive Flooring Sales Houses!

by Frankie Griffin 15. July 2011 14:56

  

This Saturday morning, July 16, 2011, we will have David Mahoney with Quality Carpet Care and Restoration and Paul Prince with Door to Door Floors on Success in Real Estate Radio Show.  This show will air live from 8:30am till 9:30am on WIS Radio, 1320AM or live via the internet at www.RealEstateSchoolforSuccess.com/blog

If you expect you home to show well, it must look good and smell good.  Every house has a smell, to include yours.  Some have a pleasant smell where as others do not.  There are a few things you can do to make your house smell good.  One huge must for all homeowners wishing to sell their home is clean and fresh looking floors.  Carpet will absorb oders in the house and can be very difficult to eliminate.  If your home does not smell good when the buyers walk in the door, they may very well turn around and walk right back out of your home.

Flooring must be maintained properly so that it looks and smells good and last a long time.  Our two flooring experts will explain on Success in Real Estate how flooring should be maintained.  They will let us know when it can be cleaned and when it needs to be replaced.  No one thing will make your home look and show great like new or well maintained flooring.

If you have any questions about flooring or real estate in general, give us a call between 8:30am and 9:30am this Saturday morning at (803-739-8730.  Success in Real Estate Radio Show is brought to you by the Real Estate School for Success.  If you have any interest in getting your South Carolina Real Estate License, Appraisal License, Property Managers License or Home Inspector License, visit our website for information about the classes and registration.  As a subscriber of this newsletter, you can receive a 10% DISCOUNT on all classes by entering the PROMO CODE below when registering for classes.

PROMO CODE:  SUMTER

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South Carolina Point of Sale Assessment Radio Podcast

by Frankie Griffin 13. July 2011 06:04

  South Carolina Representative Chip Huggins

Representative Chip Huggins explains how the new Point of Sale Amendment to Act 388 affects property taxes in South Carolina. 

South Carolina constitution allows the state to assess "Ad Valorem" taxes on property.  Ad Valorem simply means at value.  Therefore, our constitution allows the state the right to charge property taxes based on its "VALUE".  One issue with the Point of Sale is that is does not determine property taxes based on the value, rather, it is based on the price paid for the property.  Rarely does the price paid for a property represent its true value.

Rep Huggins explains how SC Representatives arrived/agreed on the current amendment to Act 388.  As with any legislation, there are two (or more) sides and each side must give and take to reach an agreement.  Rep Huggins explains how this amendment is another example of piece meal legislation that may not fix all of the issues.  We need to overhaul our tax laws completely to fix the problems.

The podcast below is brought to you by the Real Estate School for Success.  Success in Real Estate Radio Show airs live every Saturday morning on WIS Radio, 1320AM from 8:30am till 9:30am.  You may also listen to the show live via the internet at www.RealEstateSchoolforSuccess.com/blog

 

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Archive Radio Shows | Podcast

South Carolina Point of Sale Assessments

by Frankie Griffin 7. July 2011 13:44

  SC Representative Chip Huggins

This Saturday morning on Success in Real Estate, our guest will be Rep Chip Huggins.  Rep Huggins will be addressing legislative issues that are having an impact on the  SC Real Estate Industry.

One major topic of conversation will be Point of Sale.  This has been an ongoing issue in the news for a couple  of years now.  However, many South Carolina tax payers do not know or understand how the Point of Sale works and how it determines home owner taxes.  South Carolina can and does charge owners of property an "Ad Valorem" tax.  Simply put, the state can tax all property according to its value.

One of the major issues with the Point of Sale, it does not tax property according to the value.  Rather, it taxes owners based on the price.  Price and value are two totally different things according to the Appraisal Institute.  Property taxes, based on Point of Sale, makes the "Value" of the property what ever you paid for the property.  To determine your property tax, you multiply the "Value" (what you paid for the property) times the assessment rate.  In South Carolina, owner occupied residential homes can be assessed at 4% with second homes, investment property and commercial property being assessed at 6%.  Value times the assessment rate will give you the assessed value.  Take your assessed value times the millage rate to get your annual property taxes.

Value will nearly always fluctuate where as point of sale (price paid) would not.  This is the reason so many property owners are up in arms when they get their tax bills.  I think you will find that SC residential property taxes are some of the cheapest taxes anywhere in the country.  The major issue is how Point of Sale affects investment and commercial properties.  Many argue that Point of Sale is driving investors and business out of South Carolina costing the state millions of dollars in tax revenue.

Rep Chip Huggins will explain how Point of Sale works and how will the recently passed amendment to the Point of Sale law impact property taxes in the future.  If you have any questions or comments for Rep Huggins, give us a call between 8:30am and 9:30am at 803-739-8730 this Saturday morning, July 9, 2011.

Success in Real Estate Radio Show is provided by the Real Estate School for Success.  This show airs every Saturday morning on WIS Radio, 1320AM.

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