This year, my team and I will once again build a new house with Habitat for Humanity. We already have our quota of volunteers, but there are other ways you can help.READ MORE
Grab your oyster knives and celebrate, Charleston!READ MORE
Hurricane Matthew did considerable damage to a lot of homes in the Charleston area. Luckily, we know many contractors who are ready to work to fix them.READ MORE
Since demand is high and inventory is low, fall is the perfect time to sell your home in Charleston.READ MORE
For the past few years, we have taken a day out of our busy schedule of buying and selling homes to build one. We have loved working with Habitat for Humanity in the past and are excited to work with them again. On Friday, November 4th, we will be building another home and we want you to join us. To get more information about the event and to find out how you can help, read our post.READ MORE
Realtors can provide many insights into neighborhoods, economic trends, and home pricing – all while taking your family’s well-being into consideration. The line of questions typically begins with: What are you looking for in a home? Are you approved for a loan? Are there any specific locations you are considering? How much are you looking to spend?
The answers to these questions will give the Realtor a baseline to make recommendations of homes to their clients and advice based on the dollar amount a buyer would like to spend.
When this happens, the question “What can you afford?” has taken the place of “What do you actually need?” as the starting point for most home buyers. This line of thinking has resulted in a deep over-housing problem. Over-housing is the concept of paying too much money for housings, in relation to one’s income.
For that reason – you should always start your home search focusing on one critical question that many Realtors may ever tell you:
Buy only the home you need, not the house you can afford.
Don’t let yourself fall into the mindset of “buy as much and as big as possible”. Too often, the dollar amount that a lender has approved for the home buyer becomes the starting price range that the buyer begins searching for.
For example, if a buyer is pre-approved for a $500,000 loan, many buyers begin searching for the biggest house they can afford for exactly $500,000. Often times, this is encouraged by the lender and/or Realtor. This is because the larger the sale, the greater their profit.
Buyers too often create a list of “wants” for their new home while “actual need” is disregarded completely.
Bigger and more is so frequently interpreted to mean better. This ideology has resulted in the average American home tripling in size in the last 50 years. With little regard for the negative consequences, buyers too often purchase bigger and bigger homes, whatever size their income allows.
This thinking has detrimental effects on our well-being. We typically use on 40% of our living space on a regular basis. Meanwhile, the increased debt can contribute to mental and emotional distress. All of this excess space carries additional financial cost – whether the square footage is being used or not.
More is not always better. There are benefits to living in a smaller home. It is easier to maintain, less expensive, assumes less financial risk, results in less environmental impact, and frees up our resources to pursue life’s other passions.
Buying a home is a personal decision that should never be taken lightly. Only you know all the variables that will come into play when making your decision. But too often, the most important piece of home buying advice is what you hear least: Buy only the home you need, not the house you can afford.READ MORE
In our ongoing efforts to give back to our community, this year Matt O’Neill Real Estate is honored to sponsor 20 youth sports teams through the Mount Pleasant Recreation Department (MPRD). These teams will range across football, baseball, basketball, cross-country, kickball, lacrosse, soccer, softball, swimming, t-ball, track, volleyball and wrestling.
Our team member, Hamilton Horne, is currently coaching the Matt O’Neill Real Estate Red Devils this year in the 10 - 11 year old Mite League. Congratulations to Coach Horne and the Red Devils on their first victory over the 49’ers, 22 – 0! We look forward to continuing to give back to the community this football season and seeing our other teams compete throughout the year.
MPRD offers exceptional, comprehensive, sustainable and affordable recreation and leisure opportunities through a professional staff that is dedicated to providing the residents of Mount Pleasant with superior customer service, quality facilities and dynamic programming. MPRD engages over 11,000 participants each year through more than 500 programs, classes and camps across 14 sports and 26 facilities across town. Participants range in age from 1 – 90 and encompass the entire spectrum of race, gender and socio-economic backgrounds.
The financial support through sponsorship helps MPRD continue to provide the variety of sports and activities to our residents at an affordable rate. For more information on sponsorship opportunities please contact the Sponsorship Coordinator at 843-884-2528, RecSponsorship@tompsc.com.
Charleston Trident Association of Realtors reports the year-to-date figures show 10,303 homes sold thus far in 2016 at a median price of $239,000. Compared to 2015 – year-to-date sales volume has increased 7% and median price has grown by 8.1 %.
Inventory has declined 22% over the last 12 month period, with 5,335 homes listed as “active” for sale in our region as of July 31.
The current lack of local inventory is causing homes to sell more quickly than in years past, and has led to fewer days on market. Over the last 3 years, sales have peaked in June – and this year was no exception. The year-to-date numbers remain solid, and represent a steady sign of growth. We hope to expect similar, sustainable numbers over the following months.READ MORE
The Wall Street Journal’s #1 Ranked High-End Team in Charleston, SC
“At Matt O'Neill Real Estate, our first core value is integrity and we ALWAYS put our client's needs before our own. This is the reason over 1/2 of our business comes by way of referral and why we are one of the top-selling real estate teams in the country."