Delta Media Group Blog: PinPoint Realty goes live; first Greenville, SC brokerage on DMG's system
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Tuesday, June 9, 2009
Monday, March 16, 2009
Teachers
Greenville Housing Fund
Greenville Housing Fund Launches Homes for Teachers Initiative
Greenville, S.C. (September 4, 2008) – Greenville Housing Fund (GHF) is pleased to announce the launch of its new Homes for Teachers Initiative. This innovative financing program, made possible by a generous $250,000 grant over two years from the Community Foundation of Greenville, is designed to provide local teachers with the much needed down payment and closing costs which enables them to become first-time homebuyers.
Homes for Teachers targets first-time homebuyers by providing forgivable loans up to $5,000. The loans may be used for all or a portion of closing costs, for all or a portion of a down payment or to reduce the principal amount of a first mortgage. The loan is forgiven if certain conditions are met and the homebuyer remains in their home for more than a five-year period. In addition to benefiting individual teachers, this program is a key element in an overall effort to promote economic stability and growth in Greenville.
The Greenville County Schools (GCS), which hires more than 750 teachers each year, is pleased to partner with GHF to enable new teachers to become homebuyers. This program, in turn, will assist in GCS’s overall recruitment and retention efforts by offering teachers financial assistance for establishing roots in Greenville.
Greenville Housing Fund
The Greenville Housing Fund (GHF) is a non-profit organization established in 2008 to provide for an increase in the availability of affordable housing in Greenville County. GHF offers a variety of assistance programs including: deferred payment loans; low- or no-interest amortizing loans; grants of forgivable loans; down payment and closing costs; owner-occupied rehabilitation loans; and emergency home repair. Major funding support for GHF includes contributions from public and private sources. The Greater Greenville Association of Realtors (GGAR) is a proud supporter of GHF.
Purpose
GHF will provide non amortizing subordinate mortgage loans to lower the purchase price of a home for qualified teachers in Greenville County on a first come, first ready basis. GHF will provide a 5 to 1 match up to $5,000 per homeowner. Applications are accepted and evaluated continually throughout the year. Funding is limited.
Eligible Sponsors
Applications for Homes for Teachers will be accepted from local employers, realtors, nonprofit developers, for profit developers, government entities, nonprofit/for profit developer partnerships, and current GHF lending partners.
Eligible Buyers
The buyer must
· Contact an eligible sponsor to apply to the program.
· Be a first time homebuyer or have not owned a home in the past three years.
· Meet the income requirements. Annual household income must not exceed 120% of the area median income.
· Complete a home buyer's education seminar acceptable to GHF.
· Secure a 30-year, fixed rate first mortgage.
Eligible Properties
· New and existing properties in Greenville County are eligible.
· Fee simple ownership is required.
· The home must be the buyer’s principal residence. Rental property is not eligible.
Eligible Uses
· Loans may be up to $5,000 and are subject to homebuyer securing the maximum affordable first loan mortgage that the lender will allow
· Funds may be used when purchasing a home:
- for all or a portion of closing costs
- for all or a portion of a down payment
- to reduce the principal amount of a first mortgage
Terms
· Funds will be released to the closing attorney.
· GHF subsidy will be a 5-year non amortizing subordinate loan at 0% interest. The loan will be forgiven after 5 years if certain conditions of affordability are met.
· The GHF loan will be secured by a promissory note and a mortgage lien on the property.
Fees
· A $200 loan origination fee will be due at closing.
Program Administration
· Tiffany Foster, Administrative Assistant
ghfund@bellsouth.net
GREENVILLE HOUSING FUND
Greenville MSA
Area Median Income
1Person
2 Person
3 Person
4 Person
5 Person
6 Person
30%
11,850
13,550
15,250
16,950
18,300
19,650
50%
19,800
22,600
25,450
28,250
30,500
32,750
80%
31,650
36,150
40,700
45,200
48,800
52,450
100%
39,600
45,200
50,900
56,500
61,000
65,500
120%
47,520
54,240
61,080
67,800
73,200
78,600
*Homes for Teachers
*Homebuyer Assistance Program
*Homebuyers Assistance Program-GCRA up to 80% AMI Only
Notes:
1) Homes for Teachers and Homebuyer Assistance Program Income Eligibility up to 120% of AMI.
2) Homebuyer Assistance Program using GCRA Home Funds income Eligibility up to 80% AMI.
Funds may only be used in unincorporated areas of Greenville County.
Greenville Housing Fund Launches Homes for Teachers Initiative
Greenville, S.C. (September 4, 2008) – Greenville Housing Fund (GHF) is pleased to announce the launch of its new Homes for Teachers Initiative. This innovative financing program, made possible by a generous $250,000 grant over two years from the Community Foundation of Greenville, is designed to provide local teachers with the much needed down payment and closing costs which enables them to become first-time homebuyers.
Homes for Teachers targets first-time homebuyers by providing forgivable loans up to $5,000. The loans may be used for all or a portion of closing costs, for all or a portion of a down payment or to reduce the principal amount of a first mortgage. The loan is forgiven if certain conditions are met and the homebuyer remains in their home for more than a five-year period. In addition to benefiting individual teachers, this program is a key element in an overall effort to promote economic stability and growth in Greenville.
The Greenville County Schools (GCS), which hires more than 750 teachers each year, is pleased to partner with GHF to enable new teachers to become homebuyers. This program, in turn, will assist in GCS’s overall recruitment and retention efforts by offering teachers financial assistance for establishing roots in Greenville.
Greenville Housing Fund
The Greenville Housing Fund (GHF) is a non-profit organization established in 2008 to provide for an increase in the availability of affordable housing in Greenville County. GHF offers a variety of assistance programs including: deferred payment loans; low- or no-interest amortizing loans; grants of forgivable loans; down payment and closing costs; owner-occupied rehabilitation loans; and emergency home repair. Major funding support for GHF includes contributions from public and private sources. The Greater Greenville Association of Realtors (GGAR) is a proud supporter of GHF.
Purpose
GHF will provide non amortizing subordinate mortgage loans to lower the purchase price of a home for qualified teachers in Greenville County on a first come, first ready basis. GHF will provide a 5 to 1 match up to $5,000 per homeowner. Applications are accepted and evaluated continually throughout the year. Funding is limited.
Eligible Sponsors
Applications for Homes for Teachers will be accepted from local employers, realtors, nonprofit developers, for profit developers, government entities, nonprofit/for profit developer partnerships, and current GHF lending partners.
Eligible Buyers
The buyer must
· Contact an eligible sponsor to apply to the program.
· Be a first time homebuyer or have not owned a home in the past three years.
· Meet the income requirements. Annual household income must not exceed 120% of the area median income.
· Complete a home buyer's education seminar acceptable to GHF.
· Secure a 30-year, fixed rate first mortgage.
Eligible Properties
· New and existing properties in Greenville County are eligible.
· Fee simple ownership is required.
· The home must be the buyer’s principal residence. Rental property is not eligible.
Eligible Uses
· Loans may be up to $5,000 and are subject to homebuyer securing the maximum affordable first loan mortgage that the lender will allow
· Funds may be used when purchasing a home:
- for all or a portion of closing costs
- for all or a portion of a down payment
- to reduce the principal amount of a first mortgage
Terms
· Funds will be released to the closing attorney.
· GHF subsidy will be a 5-year non amortizing subordinate loan at 0% interest. The loan will be forgiven after 5 years if certain conditions of affordability are met.
· The GHF loan will be secured by a promissory note and a mortgage lien on the property.
Fees
· A $200 loan origination fee will be due at closing.
Program Administration
· Tiffany Foster, Administrative Assistant
ghfund@bellsouth.net
GREENVILLE HOUSING FUND
Greenville MSA
Area Median Income
1Person
2 Person
3 Person
4 Person
5 Person
6 Person
30%
11,850
13,550
15,250
16,950
18,300
19,650
50%
19,800
22,600
25,450
28,250
30,500
32,750
80%
31,650
36,150
40,700
45,200
48,800
52,450
100%
39,600
45,200
50,900
56,500
61,000
65,500
120%
47,520
54,240
61,080
67,800
73,200
78,600
*Homes for Teachers
*Homebuyer Assistance Program
*Homebuyers Assistance Program-GCRA up to 80% AMI Only
Notes:
1) Homes for Teachers and Homebuyer Assistance Program Income Eligibility up to 120% of AMI.
2) Homebuyer Assistance Program using GCRA Home Funds income Eligibility up to 80% AMI.
Funds may only be used in unincorporated areas of Greenville County.
Sunday, February 15, 2009
Home Buyer Checklist
Home Buyer Checklist
FEATURES Home #1 Home #2 Home #3
HOME # 1
HOME # 2
HOME # 3
Property Address
Asking Price
Real Estate Taxes
Acreage
Age of House
Number of Stories
Estimated Water Bill
Estimated Electric Bill
Estimated Heating Bill
Additional Insurance Costs (Flood, Hurricane, etc..)
Near Work
Near Schools
Near Shopping
Near Expressways
Near Doctors/Dentists
Near Churches
Near Trains/Airport
Near Industry
The Neighborhood
Sidewalks
Street Lights
Streets Maintained
Low Traffic Volume
Garbage Collection
Parks / Pool
Restrictions
Area Zoned Residential
Environment Concerns
Evaluate each feature listed above for your top 3 favorites.Then decide if you are ready to move forward and submit an offer to the seller
Friday, February 13, 2009
Pinpoint Realty Interview with Greenville News
113 W. Antrim Drive Greenville, SC 29607
Fax: 864-752-1212
Phone: 864-527-2899
www.pinpointsc.com
www.pinpointsc.com
To be successful in a changing market, real estate agents need to be able to adapt to customer needs. Pinpoint Realty (PPR), an innovative brokerage firm, offers a range of services designed to allow agents to provide exactly what is needed for each client.
Renia Norris, broker-in-charge, said by charging agents a set fee for each transaction and service rather than a percentage of commission, the company allows agents to create a package tailored to each client’s unique situation.
“Our system gives them more options as independent contractors to do what’s required in a variety of circumstances,” she said. “They have the flexibility to work with customers or clients in any way they want.”
For customers, this means instead of paying the typical six to seven percent commission, they can pay for the services they need, staying as involved in their transaction as they wish.
“The Internet age makes real estate information and services more readily available,” Norris said. “At PPR we believe that the Realtor still plays an important role in the real estate transaction by providing professional products, services and advice. We are committed to educating consumers about local markets so that they are able to make the best decision supported by facts and statistics.”
By taking advantage of new technologies to better serve customers, PPR can provide marketing services to agents and consumers, as well as contract preparation and consultation programs to consumers and developers, all at a tremendous cost savings, Norris said.
“Now home owners and buyers can purchase just the services they want, in person, by phone, or online. This is an economical, efficient and effective way for home owners to sell their homes.” she said. “For agents, we can provide assistance with listing management, contract marketing, and creating a branding package. We the have the tools and resources necessary for agents need to be successful.”
Training sessions are available monthly led by Norris or qualified guest speakers.
“Each month we’ll study a different real estate-related topic, either live or via web-based classes,” Norris said.
PinPoint Realty provides advanced technological tools to help agents make the most of their business, including a transaction management system.
“This system keeps everyone involved in a transaction informed about what’s coming up so that everything is in place for the transaction to close,” she said.
Another tool, the Buyers and Sellers Educational Domain, is designed to provide up-to-date information on most homes 24 hours a day. By dialing a local number from any phone, buyers can inquire about any home in the Greater Greenville Association of Realtors Multiple Listing Service (MLS). Callers enter the address or MLS number to hear information, in English or Spanish, and receive information via text. There is also an option of having an agent with PinPoint Realty contact them if they have further questions and/or want to view the home.
"This is a user-friendly system, and because it’s paperless, it’s eco-friendly," Norris said. “PPR agents are able to register their buyers for this system which provides them with stronger customer service and flexibility.”
Sellers can get this service in a monthly package which includes the listing added to MLS.
“This feature is great for “For Sale by Owner” sellers who want to monitor the drive-by shoppers who call in about their home. It can definitely help set safer appointments because their phone number will be captured,” Norris said. “Since it is the only system of its kind available in our area, it will help with researching trends and target markets.”
Buyers and investors can also register into the system individually if they do not have representation, or they can have their buyer’s agent register them as part of their service. (To learn more about the Buyers and Sellers Educational Domain call Renia Norris directly at 864-238-0110.)
Pinpoint Realty also offers relocation services. They can arrange destination and departure services including on-site real estate seminars, home sale assistance programs, mortgage assistance, metro area counseling, area orientation packages, temporary housing, inventory property management, household goods management, and rental brokerage services.
PinPoint Realty has a property management division that handles leasing and maintenance for commercial and residential properties, Norris said.
“For someone who has had trouble selling a property, we can help manage it and keep someone leasing the home or building until it is sold,” she said.
Norris said although there are currently a large number of homes on the market locally, there are also a lot of buyers looking for homes.
“Compared to other real estate markets, Greenville has been remarkably stable. Industrial growth keeps our market alive,” she said. “For those who are considering purchasing a home and wondering if they should wait, I would say there’s no reason to hesitate. This is the best time to buy.”
Renia Norris, broker-in-charge, said by charging agents a set fee for each transaction and service rather than a percentage of commission, the company allows agents to create a package tailored to each client’s unique situation.
“Our system gives them more options as independent contractors to do what’s required in a variety of circumstances,” she said. “They have the flexibility to work with customers or clients in any way they want.”
For customers, this means instead of paying the typical six to seven percent commission, they can pay for the services they need, staying as involved in their transaction as they wish.
“The Internet age makes real estate information and services more readily available,” Norris said. “At PPR we believe that the Realtor still plays an important role in the real estate transaction by providing professional products, services and advice. We are committed to educating consumers about local markets so that they are able to make the best decision supported by facts and statistics.”
By taking advantage of new technologies to better serve customers, PPR can provide marketing services to agents and consumers, as well as contract preparation and consultation programs to consumers and developers, all at a tremendous cost savings, Norris said.
“Now home owners and buyers can purchase just the services they want, in person, by phone, or online. This is an economical, efficient and effective way for home owners to sell their homes.” she said. “For agents, we can provide assistance with listing management, contract marketing, and creating a branding package. We the have the tools and resources necessary for agents need to be successful.”
Training sessions are available monthly led by Norris or qualified guest speakers.
“Each month we’ll study a different real estate-related topic, either live or via web-based classes,” Norris said.
PinPoint Realty provides advanced technological tools to help agents make the most of their business, including a transaction management system.
“This system keeps everyone involved in a transaction informed about what’s coming up so that everything is in place for the transaction to close,” she said.
Another tool, the Buyers and Sellers Educational Domain, is designed to provide up-to-date information on most homes 24 hours a day. By dialing a local number from any phone, buyers can inquire about any home in the Greater Greenville Association of Realtors Multiple Listing Service (MLS). Callers enter the address or MLS number to hear information, in English or Spanish, and receive information via text. There is also an option of having an agent with PinPoint Realty contact them if they have further questions and/or want to view the home.
"This is a user-friendly system, and because it’s paperless, it’s eco-friendly," Norris said. “PPR agents are able to register their buyers for this system which provides them with stronger customer service and flexibility.”
Sellers can get this service in a monthly package which includes the listing added to MLS.
“This feature is great for “For Sale by Owner” sellers who want to monitor the drive-by shoppers who call in about their home. It can definitely help set safer appointments because their phone number will be captured,” Norris said. “Since it is the only system of its kind available in our area, it will help with researching trends and target markets.”
Buyers and investors can also register into the system individually if they do not have representation, or they can have their buyer’s agent register them as part of their service. (To learn more about the Buyers and Sellers Educational Domain call Renia Norris directly at 864-238-0110.)
Pinpoint Realty also offers relocation services. They can arrange destination and departure services including on-site real estate seminars, home sale assistance programs, mortgage assistance, metro area counseling, area orientation packages, temporary housing, inventory property management, household goods management, and rental brokerage services.
PinPoint Realty has a property management division that handles leasing and maintenance for commercial and residential properties, Norris said.
“For someone who has had trouble selling a property, we can help manage it and keep someone leasing the home or building until it is sold,” she said.
Norris said although there are currently a large number of homes on the market locally, there are also a lot of buyers looking for homes.
“Compared to other real estate markets, Greenville has been remarkably stable. Industrial growth keeps our market alive,” she said. “For those who are considering purchasing a home and wondering if they should wait, I would say there’s no reason to hesitate. This is the best time to buy.”
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