first time home buyers: First Time Home Buyers Should Watch This Television Program - 03/10/08 09:03 AM
 

First time home buyers are always looking for help in understanding the home buying process. Wouldn't be nice to have a television show that represents the real estate transaction in a realistic light? Well....TLC could have another hit show on their hands..  
 
My First Home brings the lives of first time home buyers to the television screen. Unlike some shows that depict the real estate process as seeing only three homes, making an offer on one and getting it to closing without issue, My First Home offers a more detailed, realistic perspective of the first time home … (10 comments)

first time home buyers: What Does Kathy Chieco and David Patterson Have In Common? - 03/03/08 12:22 PM
While watching an episode of My First Home on TLC, I was introduced to John and Melanie Giller. They are a young couple that had relocated to Asheville, North Carolina from Michigan. At the beginning of the show, the Gillers were living in an apartment that didn't provided the serenity desired by someone that works the third shift.
Because of this living situation and John's ambitious nature, the couple was motivated to become first time home buyers.
Unfortunately, the narrator had to inform watchers about John and Melanie's challenge with finding a real estate agent that would give the young couple "the time … (5 comments)

first time home buyers: Columbia SC Real Estate Broker Gives Advice to First Time Home Buyers - 02/03/08 08:33 PM
Next Monday will mark the beginning of a new series at The Patterson Files. On February 11, The Patterson Files will be discussing the different phases of the home buying process. This is an attempt to educate first time home buyers about steps towards a successful home buying experience. Topics will include:
•1.       The Chicken or The Egg - Who Should First Time Homebuyers Hire First?
•2.       Prequalification v. Preapproval: What's The Difference?
•3.       First Time Home Buyer Interviews - Ricki Lake Would Be Proud
•4.       MLS! - What Does Soccer Have to Do with Buying a Home?
•5.       You Do Know That … (3 comments)

first time home buyers: Keller Williams Columbia SC Broker Launches Real Estate Blog - 01/24/08 12:11 AM

 

David A. Patterson, a licensed instructor with the Real Estate School for Success, has launched a new blog - "The Patterson Files". "The Patterson Files" is an online resource for those living, working, relocating or interested in real estate happenings around the metropolitan Columbia area.   "The Patterson Files" provides relevant and useful information on a variety of topics from buying and selling a home to area news, events and vendor reviews. Apart from these handy tips and news updates, this blog also offers helpful links to other websites.
Since being recognized as a Certified Residential Specialist by the National … (13 comments)

first time home buyers: Here's One Way to Make a Good Decision - 01/23/08 03:55 PM
Halt v. - verb (used with object): to cause to stop temporarily
Margaret-Ann Ashburn is the Broker-in-Charge of the Forest Acres office of Russell & Jeffcoat Realtors in Columbia, South Carolina. She has given me several pieces of advice about life and being a great real estate agent. I'd like to share with you a great life skill on decision making that was given to me by Margaret-Ann.
When making decisions, you should always follow the H.A.L.T. Decision Making Process. Never make decisions when you are.....
H - HUNGRY
A - ANGRY
L - LONELY
or
T - TIRED
In my opinion, we should never make decisions when … (6 comments)

first time home buyers: Keller Williams Has Home for Sale in Turtle Creek - Northeast Columbia SC - 01/17/08 05:13 PM
November 15, 2008 UPDATE: Would you like a $1000 Rechargeable Visa Card for the Holidays for buying a home in Turtle Creek? Email David Patterson at blogger@davidpatterson.net 
NOTE: Purchase must be complete by December 11, 2008.
Turtle Creek is one of the few all-brick communities in Columbia real estate that is priced under $185,000. This community is within five minutes of the Village at Sandhill and Summit Parkway Middle School. Turtle Creek offers well landscaped sidewalks & walking trails with homes on lots ranging from 1/4 to 3/4 acres. This featured home has bamboo flooring, granite countertops and upgraded lighting. If you … (1 comments)

first time home buyers: First Time Home Buyers Need A Mortgage Partner - 01/16/08 12:05 AM
After reading a post from my Guest Contributor Jorge Merlos on my outside blog, I had an epiphany. I hadn't given my readers a real life example of a reputable loan officer in the Columbia area. Hence....this post is dedicated to correcting my faux pas.There is a lady that is unique in several ways and brings her artistic creativity to the world of mortgage lending.Let me introduce you to Leah Avery with Bank of America. She can be reached at (803) 255-7759 or you can email her at LEAH.AVERY@BANKOFAMERICA.COMPatterson Group has teamed with Leah and her fellow loan officers to market a full range of … (1 comments)

first time home buyers: An Advantage to Buying a Home - The PMI Tax Deduction - 01/15/08 12:03 AM
 
 
Do you remember the Tax Relief and Health Care Act of 2006?
This signed legislation will allow 2008 and 2009 homebuyers to deduct premiums paid for mortgage insurance - which typically is required when homebuyers purchase a home with less than a 20% down payment.
This new insurance premium deduction will only apply to mortgage insurance contracts issued in 2008 and 2009 and is only available to taxpayers whose adjusted gross income does not exceed $110,000 ($55,000 for married taxpayers filing separately).
For more information about H.R. 6111 (look in Act 419-Code 163-6050H) , contact your CPA or tax attorney.
(1 comments)

first time home buyers: Anytime is a Great Time to Realize Your Dream! - 01/14/08 12:36 AM
What is the second most common question asked of me by first time home buyers ?
"Is the current market idea for purchasing a home?"In the current climate of daily foreclosure stories and "experts" using words and phrases like "recession" and "bursting bubbles", I am going to answer this question and issue my perception of the current real estate market in Northeast Columbia, South Carolina.We all have goals and dreams for our lives. Some of the items on my "Bucket List" or "Goddard's List" include visiting all 50 states in The Union, competing on a game show and becoming one of … (4 comments)

first time home buyers: A Question for Fellow Agents & Mortgage Professionals - 01/08/08 01:19 PM
My Fellow Agents - How many of your lender partners follow HUD Regulation X (RESPA Regulations) - 24 CFR 3500.7 (at the bottom of this post)?
Lenders - How many of you follow the laws set forth in the aforementioned Regulation X? If this question makes you feel uncomfortable, I apologize. However...don't blame me. I don't write the laws.
One of the best tools for consulting my first time home buyers is the Good Faith Estimate. My lending partners know this about me. Therefore, if you want to work with my clients, you have to do things the right way.
This is a small … (0 comments)

first time home buyers: Lake Carolina Homes for Sale from the $180s - 01/05/08 01:53 PM
(UPDATED on March 27, 2008) 
If you are looking for a home priced in the $180,000 - $265,000 range, Berkeley Hall in Lake Carolina could be worth a look. Berkeley Hall is within walking distance of Lake Carolina Elementary, Kelly Mill Middle School and the NEW Northeast YMCA.Here is one of the Berkeley Hall homes that's listed by my office............. Our Featured Listing is Four Bedrooms, 2.5 Bathrooms and 2725 Square Feet (priced at $251,200). This home is located on a Cul-de-Sac lot with hardwoods on the lower interior. The Master Suite has a Trey Ceiling and Sitting Area. The home has fresh … (1 comments)

first time home buyers: What's Your DFT Story - A Lesson in Real Estate Representation - 12/24/07 12:12 AM
While visiting my in-laws in Greenville, South Carolina during this Christmas season, I was talking with my brother-in-law (he is a real estate attorney) about some of his past experiences. During our discussion, I was reminded of a transaction that never saw the closing table (also known as a "Deal Fell Through" or DFT). Let me share some past pain with you.
Early in my real estate career, I was representing a home buyer that was planning to obtain a 95% LTV mortgage. My client and the sellers were able to obtain a meeting of the minds with regards to this particular … (6 comments)

first time home buyers: Educate, Then Educate - Two Keys to Successful Representation (Part Two) - 12/21/07 09:42 AM
In Part One of this post, I was telling you about "Adam" and his most recent home buying experience. Unfortunately, Adam walked away with some frustrations that could have been minimized.
TIP #2- Educate Your Client about the Potential Obstacles/Challenges with a Real Estate Transaction
We spend hundreds of hours and thousands of dollars educating ourselves about successful and efficient client representation. However, I'm not confident about US as an industry in how well we communicate that knowledge to our clients BEFORE THE JOURNEY BEGINS in an effort to inform them about the potential obstacles of a real estate transaction.
For sellers, the numbers … (2 comments)

first time home buyers: Educate, Then Educate – Two Keys to Successful Representation (Part One) - 12/16/07 07:15 PM
While attending one of the many area Christmas parties, I had a conversation with a recent home buyer (let's call him "Adam") about his home buying experience.  Adam was represented by a fairly well-known and experienced agent and was referred to this agent by his father. Adam's dad had hired this agent in the past.
Unfortunately, Adam walked away with some frustrations from his experience. Let me share those frustrations with you through a couple of helpful tips.
TIP #1 - Educate Yourself about your clients' needs, wants and desires through a Home Buyer Interview
Adam did not feel confident about his agent's level … (4 comments)