Edwin Gerace's Real Estate Blog

Friday, July 31, 2009

Just listed: 317 Genessee Rd, Irmo, SC 29063 for $1,999,500

Great Home is on the Market

From: http://ping.fm/1I2Aq

Wednesday, July 29, 2009

South Carolina Banks are still showing signs of growth. See recent article http://ping.fm/ECBdF

Monday, July 27, 2009

We must never forget that it is the private sector - not government - that is the engine of economic opportunity. Businesses, particularly small businesses, flourish and can provide good jobs when government acts as a productive partner. Bill Richardson

Saturday, July 25, 2009

Let us rise up and be thankful, for if we didn't learn a lot today, at least we learned a little, and if we didn't learn a little, at least we didn't get sick, and if we got sick, at least we didn't die; so, let us all be thankful. --- Buddha

Friday, July 24, 2009

Just discovered www.Ping.Fm

Monday, July 20, 2009

S.C. home sales increase 13% in June 2009

Staff Report Published July 20, 2009
The number of homes sold in South Carolina has risen for the second-straight month. Nearly 4,200 homes were sold in June, an increase of 13% compared with May, according to the latest report from the S.C. Association of Realtors.
In May, home sales totaled 3,704, which was an increase of 16% over sales in April.
June’s figures also represent the best year-over-year showing so far in 2009, with an 11.3% drop compared with June 2008 numbers.
Of the 15 regions reporting home sales for the association, 14 reported an increase in sales compared with May. The only area that reported a loss was the Southern Midlands Association of Realtors. It sold three more homes in May than it did in June, according to the report.
Of the state’s three major metropolitan areas, Charleston posted a 9.4% increase in June sales compared with May, Columbia saw a 10.5% increase and Greenville had a 13.3% increase, the report said.
The median price of homes in South Carolina was $147,000, up from $142,000 in May. The average number of days a home was on the market was 144, down from 155 in May.

Thursday, July 16, 2009

Lexington County South Carolina Home Buyer Assistance Program

Lexington Community Development
Accepting Applications
for the Homeownership Assistance Program

Lexington County is accepting applications for its new Homebuyer Assistance Program. Funding for the program is provided through the U.S. Department of Housing and Urban Development (HUD) HOME Investment Partnerships Program. Assistance will be provided in the amount of $5,000 on a first-come/first-served basis for eligible applicants.

For More information and or to receive an information and informational brochure contact Edwin Gerace via email at mail@609sold.com

Funding for the Homeownership Assistance Program is Provided by HUD’s HOME Investment Partnership Program (HOME). HOME is the largest Federal block grant to State and local governments designed exclusively to create affordable housing for low-income households. HOME provides formula grants to states and local governments. The funds are used, often in partnership with local nonprofit groups, to fund a wide range of activities that build, buy, and/or rehabilitate affordable housing for rent or homeownership or provide direct rental assistance to low-income people.

For More information and or to receive an information and informational brochure contact Edwin Gerace via email at mail@609sold.com

General eligibility requirements to receive assistance for this new program are:
The home must be located within Lexington County.
The home must be occupied as the primary residence of the applicant.
The home must meet, at a minimum, Section 8 Housing Quality Standards (HQS). A Lexington County Building Inspector will assess the home to determine compliance with quality standards. If corrective work is required, all work to address HQS violations must be completed prior to the closing date. Down payment assistance funds cannot be used for minor repairs or to correct violations.
Homes purchased with assistance through this program must meet the HUD Single Family Mortgage Limits under 203 (b) of the National Housing Act (12 U.S.C. 1709(b)). The County’s maximum purchase price for a home is currently $144,584 for a single-family dwelling (95% of the median area’s purchase). Homes that exceed this cost are not eligible for assistance through this program.
An appraisal must be done on the subject home/property. The home must appraise for at least the value of the purchase price.
Homes selected for purchase must be built after 1978.

For More information and or to receive an information and informational brochure contact Edwin Gerace via email at mail@609sold.com


The Homeownership Assistance Program is administered through the County of Lexington’s Community Development Department. The program provides funding to eligible first-time homebuyers to assist with down payment and/or closing costs. A first-time homebuyer is defined as one who does not presently own a home or land, nor has previously owned a home or land with in the last three (3) years. At the time of application to the Community Development Department, an applicant also cannot have an existing purchase contract on a home.

For More information and or to receive an information and informational brochure contact Edwin Gerace via email at mail@609sold.com

Tuesday, July 14, 2009

Lexington SC brings the National Public Parks Tennis Tournament

ANOTHER GREAT EVENT IN LEXINGTON, SC
Information brought to you by Edwin Gerace of Russell and Jeffcoat Realtors. www.edwingerace.com

The Lexington County Tennis Complex will host the 83rd Annual National Pulbic Parks Tennis Championships from July25 through August 2, 2009. Organizers expect as many as 800 players for the event and are excited to be hosting the event. The tournament will feature divisions for every age group and emphasizes youth and family tennis. Prize money for age divisions will be up for grabs to the winners and should bring in some top ranked players. The Radisson Hotel in Columbia is set to be the tournament headquarters and the event promises much more than tennis with live music, a casino night, and a children's night.

JUNIORS July 25 - 28, 2009
Boys and Girls (10, 12, 14, 16, 18) Singles & Doubles (MFI)
The Junior Singles Divisions will play BEST two out of three sets, with a match tie-break to be used in lieu of a third set, if necessary. (Main Draw and Consolation Draw). The Junior Doubles Divisions will play 8-game Pro-Sets.

FAMILY July 28 - 29, 2009
Husband/Wife, Father/Son, Mother/Daughter, Father/Daughter, Mother/Son

The family divisions will offer something new for this tournament. All family divisions will be offered in two levels: Family Open Division (Players rated 4.5 and higher or any player requesting this level) and the Family Fun Division (Players rated 4.0 and lower). You will register on line for the proper division: Husband/Wife, Father/Son, Mother/Daughter, Father/Daughter or Mother/Son. After that, you should email the tournament director to request which division you would like to play.

FOR MORE INFO
Lexington County Tennis Complex
425 Oak Drive
Lexington, SC 29073
803-957-7676
LCTC@windstream.net

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Monday, July 6, 2009

Edwin Gerace's Lexington SC Real Estate Blog

About Me

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Lexington, SC, United States
Edwin Gerace is Realtor with Holiday Builders in Lexington South Carolina. Edwin specializes in New Construction and 1st Time Home Buyers. Edwin is very active in Lexington South Carolina and is knowledgeable about the surroundings. Edwin is very active in his profession and community such as: On active committees with the Columbia Home Builders, active and on committees with Lexington Chamber of Commerce, Town of Lexington Performing Arts Center, Green Building Council of HBA, LORADAC, State Association of Realtors on State and Local Level, and many other community oriented service groups.
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