Columbia’s Deal of the Week…

Welcome to 1820 W. Buchanan (artist’s rendering paint). It’s in Heathwood/ Satchelford, Crayton, Flora school zone. This house is almost 2000sq/ft and sits on a lot that is almost a football field long. Home has a new (great) kitchen, which is open to other rooms in the house. Best of all, this home appraised for $290,000 almost 3 years ago! It is listed for $264,900 and I am encouraging everyone to make an offer. Serious equity on a home in Heathwood! HEATHWOOD!!! “Comment,” call or email me for details. 1/888.331.COLA ex.102, 758.1NOW, 447.VOTE or .
Send to your friends and investors…

S.C #1 Beach

My wife and some friends were on Litchfield Beach this afternoon. Since we were hammered by the storm over the weekend, we decided to make the most of a cloudy day and take a walk. “Right or left?” someone asked. We decided to go towards Pawley’s. As we got to the end of the beach, and looked across to Pawleys Island, I couldn’t help but wonder which beach community most of my friends favored to visit in SC. Litchfield? Pawleys? Folly? IOP? Sullivans? Edisto? Hilton Head? All have their merits, but some are just better for certain situations.

It seems to me that Litchfield and Pawleys are pretty much the same thing. The only difference is that there are more dwellings at Litchfield. Pawleys is more of a beach one drives to. Places to eat, night life and golf are the same, since they are so close together. You can be at Frank’s, Louis’s or Devine Fish House in almost the same amount of time whether you’re coming from Pawley’s Plantation or Inlet Point. Overall, these two seem to be more family freindly than other SC beaches. Also, golf is a big deal.

IOP and Sully’s seem to be more condusive for Sandlappers without children. The lack of condos compared to Litchfield somehow seems to be one of the reasons for this. It seems that more bachelor parties find their way to the Charleston beaches. These beaches also seem to be for the folks who prefer the nightlife of Hook and Poe’s with the magic of downtown Charleston a cab drive away. Nightlife and shopping trump golf here.

I think the fishing aspect is probably a tie for both areas. Both have comparable marshes, rivers…and of course the Atlantic.

Is Hilton Head in the running, or is HH for the yacht owner only? Is Myrtle in the mix, or is “The Strip” mostly for teenagers and Michigan/Ohio State fans?

So the “If I won the lottery” question arises… If you had $450,000ish for a marsh or golf front condo, or $5 million for a front rower, where do you send your Realtor first? Tough, huh?

Next Week. Williams-Brice Stadium vs. Death Valley!

Advertising in the Newspaper; It works for me…sort of.

Many Sellers demand that their homes are in the dominant area newspaper. At the same time, many don’t care. The latter group trusts their REALTOR to know what’s best regarding the sale of their home. Neither group is wrong.

After spending thousands of dollars in the newspaper, I can’t remember the last home I’ve sold from an ad, if any. I know that there are some exceptions, but for the most part, the bang for the buck is not here.

In my experience, homes in this market are sold by utilizing the internet combined with the local network of REALTORS. These days, most Buyers (local or out of town) look for homes on the internet. Keep in mind that REALTORS usually know about the listings a few days before the public. This is because there is usually a few days of lag time between a listing agreement date and when any particular site picks it up.

Personally, I try to satisfy my Sellers marketing wishes regarding newspaper ads. It will very rarely sell their house.

What does it do? Two things. 1) Markets my business. When eyes across the midlands see Franklin Jones 5 or 15 (or whatever) times a week, 52 weeks a year, it is a good thing for my Team. 2) If an ad does procure a call, it gives me the opportunity to turn that caller into a Buyer for my Team. Of course, I’m never pushy (not my style). I simply offer to share other listings with them. After all, they are looking for real estate…and what sort of REALTOR would I be if I didn’t ask?

Do you look for property on the internet, or the newspaper? I may learn something here…

Hello World…

In my excitement to enter the blogosphere in Realtor style, I forgot to post an “Introduction.” Well, here goes…Blogger style.

Welcome to the Franklin Jones RealTeam real estate blog. This space is available for you to post comments, thoughts, properties for sale and properties that you may be looking for….and/or anything else real estate. As far as I know, its the first all inclusive real estate blog in South Carolina.

I am from the fast growing city of Anderson, SC (T.L. Hanna). After graduating from the University of SC, I decided to reside in Columbia. The friends I’ve made in the Midlands are the greatest a person could ask for. When I decided to become a Realtor, my friends supported me more than I ever could have imagined. With this said, we have created one of the premier real estate networks I have ever heard of. As you read and post, I hope that you will benefit from our network. Perhaps you may learn a few things or even teach us as you post your thoughts. Further, I hope that everyone can profit from what is shared.

My vision is that you will use this as a point of information, to express opinions, and to just plain talk. We can discuss lenders, inspectors, termites, investments, mold, sales prices, whats for sale or what you want to sell. I hope that you will use it as your microphone to talk about real estate with folks from SC and around the world.

As they say in politics, “Vote early and often.” Here I say, “Post early and often,” and we’ll see if we can find some dirt or bricks for you to buy or sell.

Franklin Jones

Price / Sq. Ft. is King!

After choosing an area, “How much is that per square foot,” is by far the single most used phrase regarding the value of a home in this market. It is the first thing anyone looks for when they try to price their home. Its the first thing any Buyer does when they are looking for a house, land or investment property. Many markets are not quite like this. Beds/baths take a much grander role in the valuation of a property. Not here. Price per foot is King.

Shandon in Columbia is a prime example. If its great with granite, $160-$165/ft seems to be the mark. If its “unreal,” Shandon can bring $180+/ft., with some “statement” homes bringing over $200./ft. A nice home in Shandon “not granite,” that needs some updating hovers around $140-$$150/ft. depending on curb appeal and street. It makes it difficult because many times a Seller wants “what their neighbor got” per foot. More often than not, this is why homes stay on the market longer than they should.

Cross one street into Rosewood, and the price goes to $120ish/ft. Cross the street into Heathwood, and the price/ft. remains roughly the same. The difference here? The homes in Heathwood can bring a tinch more than Shandon per/ft…..but the homes are bigger and have more “wow” power.

Do you know the price per foot in your neighborhood? Do you care? You should. Get to know your price/ft. and you will be able to tell what you should do to your house to maximize the value, without “over-cooking” it.

Perfect system? No. Exceptions? Yes. Take a 270 sq. ft. dwelling with 1 bath that is on the market for over $300,000. This is a property that sits on wheels in an industrial section of Columbia, that is asking a handsome $1147./ft. Name of the property………….? Cockaboose.