South Carolina Homeowners Defy Trends Amidst Population Boom

Featured

Posted by in South Carolina Living

≈ Leave a comment

Tags

, , , ,

Rooted in Place: South Carolina Homeowners Defy Trends Amidst Population Boom

In the dynamic landscape of South Carolina’s real estate market, a notable trend emerges amidst significant population growth and demographic shifts. While the nation witnesses a surge in mobility and relocation, homeowners in South Carolina stand firm, defying the transient nature of modern housing trends.

South Carolina has experienced remarkable population growth over the past decade, far outpacing the national average. This surge is primarily driven by high rates of in-migration from other U.S. states, rather than a natural increase in births. As a result, the state has seen a substantial increase in household formation, translating into robust housing demand. Between 2010 and 2021, the number of households in South Carolina surged by 16.4 percent, compared to just 11.3 percent for the U.S. as a whole.

Moreover, alongside population growth, South Carolina is undergoing a significant demographic shift characterized by an aging population. Since 2009, the state’s median age has increased by 2.4 years, reflecting a broader trend towards an older populace. This demographic evolution underscores the need for the housing industry to adapt to meet the unique needs of an aging demographic.

Despite these transformative forces shaping the real estate landscape, South Carolina homeowners exhibit a remarkable propensity for longevity in their residences. Whether driven by the allure of the state’s natural beauty, the stability of community ties, or the benefits of property-tax incentives, homeowners in South Carolina choose to stay put longer than their national counterparts.

This steadfastness among homeowners presents both opportunities and challenges for the real estate market. On one hand, it fosters a sense of stability and community cohesion. On the other hand, it contributes to an ongoing inventory shortage and escalating home prices, as supply struggles to meet the burgeoning demand.

As we navigate these complexities, it’s imperative for real estate professionals to understand the nuances of South Carolina’s housing market. From leveraging the state’s population growth to addressing the evolving needs of an aging demographic, proactive strategies are essential to success.

At RMF Realty, we specialize in guiding clients through the intricacies of the South Carolina real estate market. Whether you’re a homeowner considering your next move or a prospective buyer seeking opportunities in this thriving landscape, let us be your trusted partner on your journey towards homeownership.

#SouthCarolinaRealEstate, #PopulationGrowth, #HousingDemand, #DemographicShifts, #RMFRealty,

Call to Action: Ready to navigate the dynamic South Carolina real estate market? Contact RMF Realty today to explore your options and secure your place in this vibrant community.

3 Ways You Can Use Your Home Equity

Featured

Posted by in Buying Myths, Rent-vs-Buying, SC Home Sellers, Selling your Columbia Home, South Carolina Living

≈ Leave a comment

Tags

, , , , ,

3 Ways You Can Use Your Home Equity | MyKCM

3 Ways You Can Use Your Home Equity

If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity right now.

As you weigh your options, especially in the face of inflation and talk of a recession, it’s important to understand your assets and how you can leverage them. A real estate professional is the best resource to help you understand how much home equity you have and advise you on some of the ways you can use it.  Here are a few examples.

1. Buy a Home That Fits Your Needs

If you no longer have the space you need, it might be time to move into a larger home. Or it’s possible you have too much space and need something smaller. No matter the situation, consider using your equity to power a move into a home that fits your changing lifestyle. 

If you want to upgrade your house, you can put your equity toward a down payment on the home of your dreams. And if you’re planning to downsize, you may be surprised that your equity may cover some, if not all, of the cost of your next home. A real estate advisor can help you figure out how much equity you have and how you can use it toward the purchase of your next home.

2. Reinvest in Your Current House

According to a recent survey from Point, 39% of homeowners would invest in home improvement projects if they chose to access their equity. This is a great option if you want to change some things about your living space but you aren’t ready to make a move just yet.

Home improvement projects allow you to customize your home to suit your needs and sense of style. Just remember to think ahead with any updates you make, as some renovations add more value to your home and are more likely to appeal to future buyers than others. For example, a report from the National Association of Realtors (NAR) shows refinishing or replacing wood flooring has a high cost recovery. Lean on a local professional for the best advice on which projects to invest in to get the greatest return on your investment when you sell.

3. Pursue Your Personal Goals

In addition to making a move or updating your house, home equity can also help you achieve the life goals you’ve dreamed of. That could mean investing in a new business venture, retiring or downsizing, or funding an education. While you shouldn’t use your equity for unnecessary spending, leveraging it to start a business or putting it toward education costs can help you achieve other lifelong goals.

Bottom Line

Your equity can be a game changer. If you’re unsure how much equity you have in your home, let’s connect so you can start planning your next move.

The Fall Housing Market; What Are Experts Saying

Featured

Posted by in Buying Myths, Columbia tell me what you think?, Home buying, Home Ownership, Selling your Columbia Home

≈ Leave a comment

Tags

, , , ,

What Are Experts Saying About the Fall Housing Market? | MyKCM

The Fall Housing Market; What Are Experts Saying

The housing market is rapidly changing from the peak frenzy it saw over the past two years. That means you probably have questions about what your best move is if you’re thinking of buying or selling this fall.

To help you make a confident decision, lean on the professionals for insights. Here are a few things experts are saying about the fall housing market.

Expert Quotes for Fall Homebuyers

A recent article from realtor.com:

“This fall, a more moderate pace of home selling, more listings to choose from, and softening price growth will provide some breathing room for buyers searching for a home during what is typically the best time to buy a home.”

Michael Lane, VP and General Manager, ShowingTime:

“Buyers will continue to see less competition for homes and have more time to tour homes they like and consider their options.” 

Expert Quotes for Fall Sellers

Selma Hepp, Interim Lead of the Office of the Chief Economist, CoreLogic:

“. . . record equity continues to provide fuel for housing demand, particularly if households are relocating to more affordable areas.”

Danielle Hale, Chief Economist, realtor.com:

“For homeowners deciding whether to make a move this year, remember that listing prices – while lower than a few months ago – remain higher than in prior years, so you’re still likely to find opportunities to cash-in on record-high levels of equity, particularly if you’ve owned your home for a longer period of time.”

Bottom Line

Mortgage rates, home prices, and the supply of homes for sale are top of mind for buyers and sellers today. And if you want the latest information for our area, let’s connect today.

Shifting Market- Challenge or an Opportunity for Homebuyers?

Featured

Posted by in Uncategorized

≈ Leave a comment

Tags

, , ,

Is the Shifting Market a Challenge or an Opportunity for Homebuyers? | MyKCM

Shifting Market – Challenge or an Opportunity for Homebuyers?

If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer.

But what was once your greatest challenge may now be your greatest opportunity. Today, data shows buyer demand is moderating in the wake of higher mortgage rates. Here are a few reasons why this shift in the housing market is good news for your homebuying plans.

The Challenge

There were many reasons for the limited number of homes on the market during the pandemic, including a history of underbuilding new homes since the market crash in 2008. As the graph below shows, housing supply is well below what the market has seen for most of the past 10 years (see graph below):

Is the Shifting Market a Challenge or an Opportunity for Homebuyers? | MyKCM

The Opportunity

But that graph also shows a trend back up in the right direction this year. That’s because moderating demand is slowing the pace of home sales and that’s one of the reasons housing supply is finally able to grow. For you, that means you’ll have more options to choose from, so it shouldn’t be as difficult to find your next home as it has been recently.

And having more options may also lead to less intense bidding wars. Data from the Realtors Confidence Index from the National Association of Realtors (NAR) shows this trend has already begun. In their recent reports, bidding wars are easing month-over-month (see graph below):

Is the Shifting Market a Challenge or an Opportunity for Homebuyers? | MyKCM

If you’ve been outbid before or you’ve struggled to find a home that meets your needs, breathe a welcome sigh of relief. The big takeaway here is you have more options and less competition today.

Just remember, while easing, data shows multiple-offer scenarios are still happening – they’re just not as intense as they were over the past year. You should still lean on an agent to guide you through the process and help you make your strongest offer up front.

Bottom Line

If you’re still looking to make a move, it may be time to pick your home search back up today. Let’s connect to kick off the homebuying process.

Experts Predict Economic Recovery Should Begin in the Second Half of the Year

Featured

Posted by in COVID-19, Home buying, Home Ownership, Investing In SC Real Estate, Richland County, SC Home Sellers, Selling your Columbia Home, Uncategorized

≈ Leave a comment

Tags

, , , , , , , , , , , ,

One of the biggest questions we all seem to be asking these days is: When are we going to start to see an economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to life. Many economists indicate a recovery should begin to happen in the second half of this year. Here’s a look at what some of the experts have to say.

Jerome Powell, Federal Reserve Chairman

“I think there’s a good chance that there’ll be positive growth in the third quarter. And I think it’s a reasonable expectation that there’ll be growth in the second half of the year…

So, in the long run, I would say the U.S. economy will recover. We’ll get back to the place we were in February; we’ll get to an even better place than that. I’m highly confident of that. And it won’t take that long to get there.”

Nonpartisan Analysis for the U.S Congress

“The economy is expected to begin recovering during the second half of 2020 as concerns about the pandemic diminish and as state and local governments ease stay-at-home orders, bans on public gatherings, and other measures. The labor market is projected to materially improve after the third quarter; hiring will rebound and job losses will drop significantly as the degree of social distancing diminishes.”

Neel Kashkari, President, Minneapolis Federal Reserve Bank

“I think we need to prepare for a more gradual recovery while we hope for that quicker rebound.”

We’re certainly not out of the woods yet, but clearly many experts anticipate we’ll see a recovery starting this year. It may be a bumpy ride for the next few months, but most agree that a turnaround will begin sooner rather than later.

During the planned shutdown, as the economic slowdown pressed pause on the nation, many potential buyers and sellers put their real estate plans on hold. That time coincided with the traditionally busy spring real estate season. As we look ahead at this economic recovery and we begin to emerge back into our communities over the coming weeks and months, perhaps it’s time to think about putting your real estate plans back into play.

Bottom Line

The experts note a turnaround is on the horizon, starting as early as later this year. If you paused your 2020 real estate plans, let’s connect today to determine how you can re-engage in the process as the country reopens and the economy begins a much-anticipated rebound

Link

176 Carolina Ridge Dr, Columbia, SC

Featured

Posted by in Area Homes For Sale, Columbia tell me what you think?, Home buying, Richland County

≈ Leave a comment

Tags

, , , , , 

    
        
176 Carolina Ridge Dr, Columbia, SC
                                        
                                
                                                                
$ Click for current price 
4 BEDROOMS | 4 Baths (3 full, 1 half )  BATHROOMS | 3300 SqFt
                                        
Need space;  but do not want a lot of yard work. This beautiful all brick home is featured in the  family friendly Lake Carolina Community Laurel Chase offering Sidewalks, Walking Trails, Award Winning Richland Two schools, This home has 4 bedrooms; FROG which can be a 5th bedroom, theater room, gym, office, the possibilities are endless. Formal dining and living, spacious Florida room, a true mud room with sink, 10 ft ceilings, Built in's and more. A real must see!
                        
                    
                        
                
Presented By:
                                    
                                
                                                                                                   
Rozalyn Franklin
                    
                    Agent
                    Keller Williams Realty
                        803-318-6412
                                                Licensed In: South Carolina
                        License #: 39084
                    
                                                                                
                                                                        
  •                                                     Link on Facebook                                                
    •                                                                                         
  •                                                     Link on Twiiter                                                
    •                                                                                         
  •                                                     Connect on YouTube                                                
    •                                                                                                             
  •                                                     Connect on LinkedIn                                                
    •

South Carolina Real Estate Market Resilient in 2025

20 Wednesday Aug 2025

Posted by in Home buying, Home Selling, Real Estate Trends, South Carolina Housing Market

≈ Leave a comment

Tags

, , , ,

Real estate markets do not all move at the same pace. South Carolina continues to show more resilience than much of the country. National housing numbers show signs of slowing. Nonetheless, the Palmetto State is standing out as a bright spot for buyers. It is also a bright spot for sellers alike.

Stronger Sales Than the National Trend

Nationally, existing-home sales have been flat compared to last year, with a 2.7% decline in the most recent month. In contrast, South Carolina is moving in the opposite direction. Closed sales in the state climbed 2.7% year-over-year, aligning with a broader positive trend across the Southeast. In fact, the Southeast was one of only two regions in the U.S. to record a sales increase—showing that buyer demand here remains strong.

Home Prices Growing at a Healthier Pace

On the pricing front, South Carolina homes are appreciating at a slightly faster rate than the national average. The median sales price rose 2.9%, compared to the national increase of just 2.0%. Homeowners in South Carolina are gaining equity at a quicker pace. Buyers can still feel confident that their investment will grow in value.

Inventory Levels Show Balance

Housing supply also plays a big role in the health of a market. South Carolina now has a 4.2-month supply of inventory, making it slightly tighter than the national average of 4.7 months. This balanced level helps keep upward pressure on home values without pushing affordability completely out of reach. By comparison, the national new-home market is oversupplied with 9.8 months of inventory, paired with falling median prices—a very different picture than what we’re seeing here locally.

What This Means for Buyers and Sellers

For sellers, these numbers show that South Carolina remains one of the strongest markets in the nation. Homes are appreciating, inventory is healthy, and buyers are still actively making moves. For buyers, it signals that while competition exists, South Carolina continues to offer stability. It also provides value compared to many other areas.

The Bottom Line

South Carolina stands out as a pocket of strength within today’s shifting housing landscape. The Palmetto State boasts stronger sales growth. It also experiences faster price appreciation. Additionally, there is a balanced supply. For these reasons, it remains a smart place to buy or sell real estate.

✨ Thinking about making your move in South Carolina? Whether you’re buying or selling, the RMF Realty Team is here to guide you every step of the way.

📞 Contact us today to discuss your real estate goals. Discover why South Carolina is one of the best markets in the country to call home.

SouthCarolinaRealEstate, #HousingMarketUpdate, #PalmettoStateLiving, #RealEstateTrends, #RMFRealty,

Packing Made Easy

07 Thursday Aug 2025

Posted by in First-Time Homebuyer Help, Moving Preparation Guides, Packing and Relocation, Real Estate Consumer Guides

≈ Leave a comment

Tags

, , , , , , , , ,

10 Pro Tips to Simplify Your Move

Buying or selling a home is a major milestone. For many, the most stressful part isn’t the paperwork. It’s the packing. But here’s the good news: packing made easy is completely possible with a little planning and the right strategy.

We’ve gathered 10 smart, actionable tips to help make your move more manageable. We are sharing the official NAR Consumer Guide: 10 Tips for Packing Smartly for a Move (PDF). This guide will walk you through the process.

✅ PLAN AHEAD

1. Schedule enough time.
Packing takes time! Estimate based on your home size:

  • Studio/1 bedroom: 1–3 days
  • 2 bedrooms: 3–5 days
  • 3 bedrooms: 1+ week
  • 4+ bedrooms: 2+ weeks

2. Invest in new packing materials.
Fresh boxes, bubble wrap, and packing foam reduce allergens and better protect your valuables.

3. Watch packing tutorials.
Search for “de-cluttering before a move” or “packing hacks” to get inspired and pick up some clever tricks.

4. Hire moving pros.
Save your back and your sanity—professional movers can help you pack efficiently and supply materials. Book early, especially during peak season!

📦 TIME TO PACK

5. Start with the essentials.
Safeguard important documents, irreplaceable keepsakes, and ID first. Move them yourself for added peace of mind.

6. De-clutter ruthlessly.
If it doesn’t fit your new home or style, donate it. Try the “$20 in 20 minutes” rule: If it’s easy and cheap to replace, leave it behind.

7. Use the two-pile, two-pass rule.
First pass: Create NO and YES piles. Second pass: Pack only the YES items—toss or donate the rest.

8. Pack the least-used rooms first.
Get momentum by packing storage spaces, spare bedrooms, and guest baths before tackling high-traffic areas.

9. Go small and smart.
Heavy items like books? Use smaller boxes. Lighter items? Fill up the larger ones. Your back will thank you.

10. Label everything clearly.
Include the room, contents, and priority level. This will save time—and frustration—during the unpacking phase.

🎁 Bonus Tip: Unpack Like a Pro

Use a box cutter or scissors and unpack one box at a time. Put everything away before moving to the next box, and break it down promptly.

📘 Download the Guide:

Ready to pack with confidence? Access the free official guide from the National Association of REALTORS®:
👉 Download PDF – 10 Tips for Packing Smartly for a Move

🏠 Need Help with Your Move?

Whether you’re buying, selling, or both—packing made easy starts with the right plan and a trusted real estate partner. At RMF Realty Team, we’re here to connect you with reliable vendors, movers, and local resources to ease your transition.

📲 Call us today at 803-318-6412 or email Rozalynfranklin@kw.com of Visit RMF Realty to get moving the smart way!

🔖 Hashtags:
#PackingMadeEasy, #MovingTips, #RealEstateHelp, #RMFRealtyTeam, #HomeBuyerSupport, #MovingDayReady, #SmartPacking, #ColumbiaSCRealtor, #SCRealEstate, #NARConsumerGuide,

South Carolina home listings

22 Tuesday Jul 2025

Posted by in South Carolina Real Estate Market

≈ Leave a comment

Tags

, , , , , , , ,

As we move deeper into the summer of 2025, South Carolina home listings are showing signs of strain. This is happening amid nationwide shifts in the housing market. According to the latest South Carolina REALTORS® Market Activity Report, new listings in the state saw a notable slowdown. This echoes a national trend. Many homeowners are uncertain about selling.

Across the U.S., new listings of homes for sale declined 3.2% in June—hitting their lowest level since October 2023, according to Redfin’s recent market report. This marks the largest month-over-month decline since February 2023. Year-over-year, new listings dropped 3.4%, ending a short-lived streak of growth and signaling a potential market cool down.

What’s Happening in South Carolina?

Locally, South Carolina home listings mirror these national trends. Closed sales and median prices are holding steady in many counties. However, new listings dipped across several key markets. These include Columbia, Charleston, and Greenville. For example:

  • Richland County saw a slight increase in median sales price year-over-year, but new listings remain subdued.
  • Charleston County continues to maintain higher price points, but buyer activity is flattening.
  • Greenville County has seen growing inventory, creating more choices for buyers, but also leading to longer days on market.

These trends show a growing hesitancy among sellers. With rising mortgage rates, many homeowners are holding off on listing their properties. Increased inventory contributes to this decision. They are opting to rent them out or wait for market improvement.

What Does It Mean for Buyers and Sellers?

For home sellers in South Carolina, the slowdown in new listings presents a double-edged sword. Fewer listings mean less competition. Yet, sluggish buyer demand can lead to longer selling times. It can also put pressure on pricing.

For homebuyers, this is an opportunity. More active listings—up 13.3% nationally from a year ago—mean increased choices and more negotiating power. However, inventory is piling up. It’s crucial to work with an experienced real estate professional. They can help identify motivated sellers and well-priced homes.

Why Are Sellers Holding Back?

There are a few key reasons:

  • High mortgage rates: Many would-be sellers are locked into low rates and hesitant to trade up into higher ones.
  • Rental demand: Some homeowners are capitalizing on high rents and converting their homes into investment properties.
  • Market uncertainty: With prices fluctuating and economic news sending mixed signals, caution is taking over.

📣 Call to Action:
Thinking about buying or selling in South Carolina? Don’t wait for the “perfect” moment—create your opportunity now. Contact the RMF Realty Team today at 803-318-6412 or visit us at www.buythroughrozalyn.com to schedule a personalized consultation.

#SouthCarolinaRealEstate, #HomeListings2025, #SCMarketTrends, #BuyWithConfidence, #RMFRealtyTeam, #ColumbiaSCRealEstate, #HomeSellerTips, #RealEstateNews,
#RedfinReport, #RealtyTimesUpdate

Boost Your Curb Appeal: First Impressions Count

08 Tuesday Jul 2025

Posted by in Columbia housing market, Columbia tell me what you think?

≈ Leave a comment

Tags

, , , , , , , ,

In the South Carolina real estate market, boosting curb appeal in South Carolina can make the difference between a home that lingers and one that sells fast. Your home’s exterior is the first thing buyers see—and in this competitive market, it needs to shine.

Whether you’re in Columbia, Charleston, or the Upstate, these Southern-inspired tips will help your home stand out.

🌟 Light the Way with Illumination

In neighborhoods like Forest Acres or Mount Pleasant, a well-lit pathway is more than aesthetic—it’s essential. A dark, gloomy path hidden by overgrown azaleas doesn’t say “welcome.” Outdoor lighting along walkways, porches, and driveways adds charm and safety, especially during South Carolina’s early sunsets in the winter months.

“Curb appeal is like a first date. You want to look your best to make a strong impression,” says Rozalyn Franklin, Broker with RMF Realty Team @KW Preferred in Columbia.

🚪 Update the Front Door

In classic Southern style, your front door should greet guests with warmth. Whether it’s a cheerful Charleston blue or a bold yellow with a pineapple welcome sign, a freshly painted door speaks volumes. Replace old hardware and add seasonal décor to create a touchpoint that makes buyers want to see more.

🧼 Maintain a Pristine Pathway

In places like Lexington or Greenville, brick or stone pathways are common and beautiful—but only if they’re maintained. Sweep away debris, power wash stains, and trim any greenery encroaching on the path. A smooth, welcoming walkway encourages buyers to explore more.

🌿 Graceful Greenery and Pops of Color

Landscaping is huge in South Carolina where flowers bloom nearly year-round. Add native plants like hydrangeas, crepe myrtles, or colorful impatiens. Potted plants by the door and neatly trimmed hedges give your yard that polished Southern charm. Studies show that well-maintained landscaping can increase property value by up to 12%.*

👀 First Impressions Last

According to the National Association of Realtors, 94% of real estate agents say curb appeal matters most to buyers. That means boosting curb appeal in South Carolina can literally make or break a sale. Whether it’s a cozy cottage in Irmo or a brick colonial in Camden, the exterior sets the emotional tone for the showing—and buyers often decide in the first 30 seconds whether they can “see themselves” living there.

✅ Ready to Boost Your Home’s Curb Appeal?

📲 Call me today for a FREE curb appeal checklist customized to your South Carolina neighborhood.
🌻 Share your favorite tip—or post a photo of your home’s exterior glow-up in the comments!

#BoostYourCurbAppeal, #SouthCarolinaHomes, #SellSmarterSC, #CurbAppealGoals, #ColumbiaSCRealEstate, #SCRealtorTips, #PorchPerfection, #FrontDoorFriday, #RMFRealtyTeam,

Down Payment Decisions: Smart Buyer Tips

02 Wednesday Jul 2025

Posted by in Buying Myths, Columbia housing market

≈ Leave a comment

Tags

, , , , , , , , ,

Buying a Home? Let’s Talk Down Payment Decisions

Do you really need 20% down to buy a home? Short answer: NO. Your down payment decision should be based on your personal goals, financial situation, and timeline—not old myths. Still unsure about the ins and outs of down payment decisions? You’re not alone. Let’s break it down with a few clear reasons when to go big—and when it’s perfectly smart to go small.

💰 When to Make a Significant Down Payment

1. Lower Monthly Payments:
If you have cash on hand, consider a larger down payment. It can reduce your loan amount. This strategy can save you big over time.

2. Avoid PMI (Private Mortgage Insurance)
Hate the thought of paying for insurance that protects the lender—not you? A 20% down payment can remove PMI altogether.

3. Planning to Stay Forever
If this is your forever home, and you want to own it outright sooner. Consider making a higher down payment. This approach helps to build equity fast.

4. Thinking Ahead to Retirement
If you’re nearing retirement. Applying a large down payment now can position you to leverage a reverse mortgage later if needed.

5. You Want the Best Rate
Lenders often offer better interest rates to buyers with more skin in the game. A larger down payment can give you room to negotiate.

6. Avoiding Risk of Being Underwater
In a fluctuating market, a higher down payment reduces the risk. You avoid owing more than your home is worth if prices dip.

💡 When It’s Smart to Go Low

1. You Don’t Have 20%—And That’s Okay
You are held back by saving up a large down payment. But, know that FHA, VA, USDA, and some conventional loans offer low or even no down payment options.

2. Your Rate is Still Competitive
Many buyers qualify for excellent rates. This is true even with smaller down payments, especially with government-backed loans.

3. Escape Rent Faster
If your rent is sky-high, consider buying with a smaller down payment. This approach lets you start building equity now.

4. You Expect the Home to Appreciate.

If you’re in a rising market, you can refinance later. This lets you remove PMI and take advantage of your increased equity.

5. Your Investments Are Performing
Why cash them out if they’re growing faster than your mortgage interest? Sometimes it’s smarter to let those dollars keep working.

6. You Have Other Priorities
Maybe college tuition, starting a business, or building an emergency fund is more pressing. In that case, keeping more money liquid makes sense.

🏠 Final Thoughts on Down Payment Decisions

There’s no one-size-fits-all answer when it comes to down payment decisions. It’s all about what works for YOU. Whether you’re putting down 3%, 10%, or 20%—there are smart reasons behind every option. The best move is to speak with a trusted real estate expert. Also, talk to a mortgage lender. This will help you explore what’s right for your goals.

📞 Ready to Explore Your Options?

Let’s chat about your goals and map out the right path to homeownership for you! Contact the RMF Realty Team today to get started with a free consultation. Your dream home might be closer than you think.

DownPaymentDecisions, #RMFRealtyTeam, #HomeownershipGoals, #FirstTimeBuyer, #SmartBuyingTips, #ColumbiaSCRealEstate, #MortgageHelp, #RealEstateTips, #HouseHuntingHelp, #BuyWithConfidence,

The Power of Homeownership

23 Monday Jun 2025

Posted by in Home buying, Home Ownership

≈ Leave a comment

Tags

, , , , , , , , ,

The Power of Homeownership: Why It’s Worth the Wait

There’s something truly special about the power of homeownership. Many people focus on the financial advantages, like growing equity and building generational wealth. Yet, the real magic often lies in the personal, emotional, and lifestyle benefits that come with owning a home.

Yes, owning a home gives you financial growth and the opportunity to build family wealth over time. But the power of homeownership is about more than money—it’s about freedom, privacy, peace, and pride.

Imagine having the freedom to paint your walls any color you want. You can start a garden in the backyard. Hang family photos without a lease agreement telling you no. It’s about creating a space that’s truly yours.

Homeownership also provides a deeper sense of stability and security. You’re not just investing in a property—you’re putting down roots. That leads to stronger connections in your neighborhood, more involvement in your community, and a lasting sense of belonging.

And let’s not forget the extra space. You need room for a growing family. You want a home office. Or maybe that workout nook you’ve always wanted. Having more space to grow is a gift in itself.

At RMF Realty Team, we know that buying a home in today’s market requires patience. Strategic planning also be necessary. Sometimes, even creative financing is needed. But when you walk through your front door, you know it’s truly yours. Every step of the journey is absolutely worth it.

Ready to Own Your Future?

Let’s talk about your next move—whether you’re starting from scratch or getting ready to make an offer. We’ll guide you every step of the way with knowledge, resources, and local experience you can count on.

📲 Schedule your homeownership consultation today!
👉 http://www.buythroughrozalyn.com/contact

#PowerOfHomeownership, #OwnYourFuture, #RMFRealtyTeam, #HomebuyerJourney, #BuildWealth, #FreedomAndStability, #ColumbiaSCRealEstate, #DreamHomeGoals, #MoreThanMoney, #RMFRealty,

Let RMF Realty Team help you unlock the door to the life you’ve been dreaming of. 🗝️

Pack Like a Pro and Avoid Breakage!

27 Thursday Feb 2025

Posted by in Area Homes For Sale, Columbia tell me what you think?

≈ Leave a comment

Tags

, , , , , ,

Smart Moving Tips:

Moving into a new home is exciting, but let’s be honest—packing can be a real headache. Especially when it comes to fragile items like glassware. The last thing you want is to open a box at your new home and find shattered dishes. That’s why we’ve put together some expert packing tips to keep your belongings safe and your move stress-free.

1. Choose the Right Boxes

Not all boxes are created equal! For delicate items like glasses, dishes, and vases, opt for double-walled moving boxes or dish-pack boxes designed with extra padding. These boxes give better support, reducing the risk of breakage.

Pro Tip: Use small or medium-sized boxes for glassware. Avoid using large ones to prevent too much weight from being stacked on top.

2. Separate and Cushion Each Item

The key to protecting fragile items is separation and cushioning. Here’s how:

✅ Wrap each glass individually with packing paper or bubble wrap before placing it in the box. Avoid newspaper as the ink can transfer.
✅ Place a layer of crumpled paper, foam peanuts, or towels at the bottom of the box for extra cushioning.
✅ Stack glasses vertically instead of on their sides—this helps distribute pressure and prevents breakage.

3. Use Dividers for Extra Protection

One of the best ways to protect glassware is by using cardboard dividers inside the box. These separators keep glasses from shifting and knocking into each other. You can buy pre-made dividers or make your own using leftover cardboard.

4. Label Boxes Clearly

Once you’ve packed your fragile items, label the boxes FRAGILE: HANDLE WITH CARE on all sides. This ensures movers and helpers know to take extra precautions.

Bonus Tip: Mark the box “This Side Up” to avoid unnecessary flipping and stacking.

5. Load Boxes Strategically

When loading the moving truck:

🚚 Place fragile boxes on top of heavier, sturdier items.
🚚 Avoid stacking anything heavy on top of boxes labeled “FRAGILE.”
🚚 Keep fragile items towards the front of the truck so they don’t shift during transport.

6. Unpack with Care

Once you arrive at your new home, resist the urge to rush through unpacking. Open fragile boxes carefully and remove one item at a time. Wipe down each piece and check for damage before placing it in your new cabinets.

Ready to Make Your Move? Let’s Talk!

Moving doesn’t have to be overwhelming. Whether you’re buying, selling, or just starting the process, we’re here to help every step of the way. Contact RMF Realty Team today and let’s make your move a smooth one!


📧 [Rozalynfranklin@kw.com]

#MovingTips, #PackLikeAPro, #SmoothMove, #NewHomeJourney, #FragileItems, #LetsTalk, #RMFREalty,

Fannie Mae vs Freddie Mac: Key Differences Explained

26 Wednesday Feb 2025

Posted by in Uncategorized

≈ Leave a comment

Understanding the Key Differences

If you’re in the market for a home or working in real estate. You have heard the names Fannie Mae and Freddie Mac. These two entities play a crucial role in the U.S. housing market, but what exactly do they do? More importantly, how do they differ? Let’s explain it in simple terms. This will help you understand their roles and distinguish how they impact homebuyers. They also affect homeowners and the mortgage industry.

What Are Fannie Mae and Freddie Mac?

Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are government-sponsored enterprises (GSEs). They were created to offer liquidity, stability, and affordability to the housing market. Their primary function is to purchase mortgages from lenders, bundle them into securities, and sell them to investors. This process helps free up capital for lenders, allowing them to issue more loans to borrowers.

Both entities were created by the U.S. government but are publicly traded companies, meaning they operate with a profit motive while being subject to government oversight.

Breaking It Down for Homebuyers

For borrowers, the difference between Fannie Mae and Freddie Mac usually comes down to loan approval criteria and lender selection. If you’re applying for a mortgage, your lender might have a preference. This preference is based on their financial structure. It is also influenced by the underwriting process.

  • Fannie Mae loans are more likely to be offered by larger banks. If you have strong credit and stable income, you might find yourself working with a Fannie Mae-backed mortgage.
  • Freddie Mac loans are often utilized by credit unions and community banks, which may have more flexible lending requirements—great for borrowers with non-traditional income sources or lower credit scores.

Both GSEs offer low down payment options (like HomeReady® and Home Possible®). This helps first-time and lower-income homebuyers afford a mortgage.

Why Do They Matter to Real Estate Professionals?

As a real estate agent, knowing the differences between these two entities can help you better guide your clients. If a buyer is struggling to qualify for a conventional loan through a big bank. They have better luck with a smaller lender offering Freddie Mac-backed financing. Likewise, understanding the underwriting guidelines for Fannie Mae and Freddie Mac can set realistic expectations for buyers about credit scores. It also helps with expectations about debt-to-income ratios. Additionally, it clarifies the required documentation..

For sellers, this distinction matters as well. If financing options are limited due to changing lending guidelines, fewer buyers will qualify for a home buy. Keeping an eye on shifts in Fannie Mae and Freddie Mac policies can help predict market trends and loan availability.

Final Thoughts: Which One Is Better?

Neither Fannie Mae nor Freddie Mac is necessarily better. The choice depends on the borrower’s financial situation. It also depends on the lender they choose. Both entities expand access to homeownership and provide affordable mortgage options. This helps to guarantee a steady flow of capital in the housing market.

Understanding these two GSEs can empower homebuyers to choose the right mortgage product. It can also help real estate professionals give better guidance. If you’re working with a lender. it’s always good to ask which loan program they use and how it aligns with your financial profile.

📢 Thinking about buying or selling in Columbia, SC? Let’s discuss your options and how different loan programs can help you achieve your homeownership goals. Contact me today!

#FannieMae #FreddieMac #MortgageLoans #HomeBuying #RealEstateTips #ColumbiaSCRealEstate #RMFRealty

Why Wait? Buy Now!

27 Monday Jan 2025

Posted by in Buying Myths, Columbia tell me what you think?

≈ Leave a comment

Tags

, , , ,

In today’s fast-moving real estate market, many buyers find themselves asking, When is the best time to buy a home? The truth is, waiting for “perfect” market conditions can cost you big time. Between fluctuating mortgage rates and rising home prices, it’s easy to feel stuck in indecision. However, every market—yes, even this one—offers opportunities for buyers ready to take action. Delaying could mean higher costs, missed chances, and greater stress in the long run. So why wait? Buy now!

Why Waiting Can Backfire: A Real-Life Example

One of my recent clients taught me a tough but valuable lesson about waiting. They were excited to buy their first home but became nervous about rising mortgage rates and decided to renew their lease instead. What happened next? Their rent went up by 15%, adding hundreds to their monthly expenses, and when they decided to re-enter the market, the home they had fallen in love with was already sold. They were devastated and regretted their decision to wait. This is why I always remind buyers: hesitation can lead to missed opportunities.

The Cost of Waiting: Numbers You Should Know

The fear of high mortgage payments often overshadows the hidden costs of waiting. Let’s break it down:

  • Home Price Appreciation: Nationally, home prices have risen an average of 4-6% annually in recent years. If you wait, you could pay tens of thousands more for the same property.
  • Rising Rents: According to the latest data, rent prices in South Carolina increased by 10.4% year-over-year in 2024. Renewing a lease is no longer the “safe” option—it could cost you more than buying a home.
  • Mortgage Rates: While rates may seem high now, they’re still below the historical average of 7-8%. If rates drop in the future, refinancing is always an option.

Every Market Has Benefits

Even in a market with higher mortgage rates, there are significant advantages to buying now:

  1. Motivated Sellers: Many sellers are eager to close deals quickly, which could mean price reductions, assistance with closing costs, or extra perks like a home warranty.
  2. Less Competition: With some buyers hesitant, you’re less likely to face bidding wars, giving you more negotiating power.
  3. Equity Growth: The sooner you buy, the sooner you can start building equity. Over time, this equity can help you upgrade to a larger home, fund renovations, or even support your retirement.
  4. Predictable Payments: Unlike rent, which is almost guaranteed to increase, a fixed-rate mortgage ensures your monthly housing costs remain stable.

Take the First Step Today!

Don’t let fear or uncertainty hold you back. Here’s how you can get started:

  1. Reach Out To The RMF Realty Team for a Consultation: Let’s discuss your financial goals, what you’re looking for in a home, and how we can create a plan that works for you.
  2. Be Prepared: Gather some key information, such as your budget, desired neighborhoods, and any questions about financing.
  3. Know What to Expect: During our conversation, we’ll talk about the home-buying process, The KW Homebuying Experience Class, current market opportunities, and strategies to make your dream of homeownership a reality.

Click here for even more insights about the best time to move!

Don’t Let Fear Stop You—Let’s Talk Today!

If you’ve been waiting for the “perfect time” to buy a home, this is your sign to take action. The market is full of opportunities, and I’m here to help you navigate them. Contact me today, and let’s find your dream home before it’s gone!

Relevant Hashtags:

#WhyWaitBuyNow, #HomeBuyingTips, #RMFRealtyTeam, #ColumbiaSCRealEstate, #LetsTalkToday!,

Hesitation can cost you more than you realize. Let’s take the first step together—schedule a consultation today and start making your dream of homeownership a reality!Don’t let procrastination hold you back. Reach out today, and let’s make your homeownership dream a reality!

Gift Funds for Homebuyers: What You Need to Know

25 Friday Oct 2024

Posted by in Buying Myths, Columbia housing market, Home buying, Home Ownership

≈ Leave a comment

Tags

, , ,

What You Need to Know

Many buyers look for ways to make their dream of purchasing a home a reality. Using gift funds can be a fantastic option! Understanding how gift funds work can empower you. They can also potentially ease the financial burden of a down payment. In this blog post, we’ll explore the essentials of receiving gift funds for your home purchase. We will also offer answers to critical questions you need to consider. If you’re ready to take the next step in your home-buying journey, contact us today!

What Are Gift Funds?

Gift funds are monetary contributions. They come from family members, friends, or other entities to help with a down payment when purchasing a home. These funds can make a significant difference, especially for first-time buyers or those looking to upgrade their living situation. Still, there are specific requirements that must be met when utilizing these funds.

Essential Questions for Buyers

When someone offers you gift funds for your down payment, be prepared to answer the next questions:

  1. Who are the gift funds coming from?
    • Lenders typically want to know the relationship between the buyer and the donor to ensure the funds are indeed a gift and not a loan.
  2. How much is being given?
    • It’s essential to specify the exact amount of money that is being gifted. This amount should align with what is necessary for the down payment and any associated closing costs.
  3. Can you document the gift?
    • Documentation is crucial. Donors will usually need to provide a gift letter stating the amount, the relationship to the buyer, and that the funds are a gift with no expectation of repayment. Additionally, the buyer may need to provide proof of the deposit into their account.
  4. If the donor does not want to provide bank statements, are there other options?
    • If the donor is uncomfortable sharing bank statements, they consider providing other forms of documentation. These include a letter from the donor’s financial institution. This letter should show the availability of funds. A signed affidavit stating the source of the gift funds is also a choice.

Why Gift Funds Matter

Gift funds can significantly enhance your ability to purchase a home. They allow you to avoid depleting your savings or taking on additional debt. It can also make your offer more appealing to sellers, as it demonstrates your financial readiness to close the deal.

In conclusion, understanding the details of gift funds is essential. Buyers need this knowledge to navigate the home-buying process smoothly. If you’re considering using gift funds or have any questions, reach out to us at RMF Realty today! We’re here to help guide you through every step of your journey toward home-ownership.

#GiftFunds, #HomebuyingTips, #RealEstateAdvice, #RMFrealty,

Call to Action: Interested in learning more about gift funds or other financing options? Contact RMF Realty now for personalized assistance and expert advice!