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Gwen says...
4 weeks ago

We closed on Tuesday. It was a trial and could have gone smoother.
1) the seller could have taken over his loan--lower interest rate, no appraisal, and as he was putting down 25% plus part of the seller's closing costs it would have been somewhat cheaper---this was not given as an option
2) The seller left money on the table. If he had allowed an assumption, then the buyer would have paid more for the house but less in closing costs and interest. It all comes out in the end.
3) Future: we will ask if the loan is assumable. Lower rates make this an option even if you are preapproved with a lender. Go with the cheaper interest and with the down payment you are comfortable making.

The Golden Corner

Oconee County South Carolina, home to Long Creek, Mountain Rest, Salem, Seneca, Walhalla and West Union offers some of the best real estate value in the country. We offer outstanding recreational opportunities as well as an excellent central location, just 1.5 hours to Atlanta, GA and 2 hours to Charlotte NC or 1 hour to the airport in Greenville, SC.

Located in the foothills of the Blue Ridge Mountains, the Golden Corner offers 10 private lakes as well as Hartwell, Jocassee and Keowee, three large, public power company-maintained lakes. Sitting just off I-85 we have easy access north or south, plus we are just an hour from Highlands NC and Cashiers NC. Clemson has all the charm of a small southern college town and is less than a half an hour away.

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Gwen Fowler

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The Golden Corner