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Did You Know?
Lake Hartwell was built by the Corps of
Engineers between 1957-63 for flood control, water quality, water
supply, and hydroelectric power generation. And, that it is
660' above sea level with 962 miles of shoreline.
Lake Keowee was built in 1976 for water supply, to cool Duke
Power's Nuclear facility, and is 800' of above sea level. When
the facility is at maximum capacity it generates power equivalent to
burning 27,000 tons of coal per day!
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Second Homes are
Becoming More Affordable
* Are you a Candidate for Refinancing?
What's
New on Hartwell
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Coming Soon....
Grand
Overlook
at Lake
Hartwell
Dockable Lake
Lots
Lake Access Estate Lots
Preservation areas
Amenities
Protective Covenants
*call or
email for the latest info.
Lake Levels:
Over three years' of
drought has left the Upstate Lakes lacking much needed rainfall.
Lake Hartwell is down around 13 feet while Lake Keowee
is about 6 feet below normal. We are some 55 inches below
normal for this period and 3 inches behind in August.
Unfortunately we're not getting some much needed rain and hope that
the drought subsides this fall.
*Check
lake levels*
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Now
is the time to buy!!
Reports see economic
improvement for 2007.
Interest rates are still
historically low. The drop in consumer confidence which started
well before the events of Sept.11 have pushed long-term interest rates to
their lowest levels in 3 decades. Presently the Freddie Mac average
is approximately 6.0% which is an interest rate on a 30 year conforming
mortgage which includes 1 point in fees..
Look at this comparison. At 6.5%, if you were to borrow $200,000
your monthly principal and interest payment would be just $1,264. At
8% you would pay $1,468. That's a savings of over $200 a
month!
Lake Lot Rates have come up some over the past month but are still
a bargain with rates as low as 5.25% to 6.95%.
Educate your Customers. My goal
as your agent is win-win. Making you aware of the opportunities that
exists today versus purchasing later is a way to help you achieve your
goals and a way for me to increase my business. Anyone worried about
the stability of their employment or a decrease in earnings, should take
this opportunity to refinance and lower your monthly payment is something
you should consider now.
Look at it from another angle. There are a lot of people out there
whose investment portfolios have seen no appreciation since the beginning
of 2000. They may be questioning their investment strategies and
real estate has long been one of the most stable and predictable
investments around. In an environment where your portfolio is not
generating a return, it might make sense to put your money into the
purchase of a second home or investment property. Times like these
produce better values in the market and with interest rates at current
levels, the saving created by locking in rates now will pay dividends for
many years to come.
* Help
the economy- Buy a House
Conner and Lydia
Kim and I would like to thank all of you for
your thoughtfulness and support throughout the year. We
hope that everyone has a happy and fulfilling year. We look
forward to hearing from you soon.
With your help RE/MAX Carolinas contributed over $178,000 in the
year 2001. Thank You
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