In the world of real estate there is one thing you must know… and that’s a lot of people who do great work to help you and your clients when things don’t always go right or break down. With the heat of summer being in the 90’s-100s regularly from July-Sept here in South Carolina having a great air conditioning contractor is paramount.
Taking care of your HVAC unit is a must. I have seen many a home owner that has had nightmare problems with their air conditioning units because they didn’t practice proper HVAC maintenance. If most home owners would just take the time to search even Youtube for HVAC repair, upkeep, and maintenance they’d find out it’s not that hard to keep up with cleaning and clearing out a few things and it makes a huge difference that will save them tons of headaches in the long run.
One Houston TX HVAC installation technician told me that if home owners just blew out their drain pipe for their AC unit just once it year that he wouldn’t get near as many repair calls. That is such a simple thing to do that a kid in elementary school could do it. Water is the main problem with air conditioning units causing problems because condensation causes the pipes to drip water into the pan and if the pan isn’t set to drain properly then it fills up and over flows over. If the drain pipe for that pan is clogged in anyway then there is no where for that water to go. It’s not rocket science just simple gravity and cleaning. Nothing tricky.
My suggestion to home owners who live in regions like Houston TX or SC is to either spend $100 year and hire a company to do a twice year maintanence check on your system, or click the Youtube link above and learn some simple techniques to keeping your HVAC unit clean and running well.
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Existing-home sales kept up their recovery in July, rising 2.3% as prices jumped 9.4% from a year ago, according to the Charleston Trident Association of Realtors, but the market’s progress disappointed analysts who expected more.
Smaller inventories of homes for sale let sellers push prices higher, the association said. The average price of a new home rose 9.4% to $187,300, aided by a shift in the mix of homes sold, with fewer low-end units included. “I am seeing multiple offers within in first week a nice home comes on market,” Isle of Palms Realtor, James Schiller.
Nationally, the number of homes sold rose to a seasonally adjusted annual rate of 4.47 million. The numbers missed economists’ expectations of about 4.52 million home sales, according to Drew Matus, an economist at investment bank UBS.
“Mortgage interest rates have been at record lows this year while rents have been rising at faster rates,” NAR Chief Economist Lawrence Yun said in a statement. “Combined, these factors are helping to unleash a pent-up demand. However, the market is constrained by unnecessarily tight lending standards and shrinking inventory supplies, so housing could easily be much stronger without these abnormal frictions.”
Independent economists are looking for the housing market to begin slowly reversing its more than 30% slide in prices, though most do not expect substantive price gains until at least 2013 or 2014.
“It was a little below expectations but still good,” said Mike Zoller, an economist at Moody’s Analytics. He said the sharp gains in prices reflect the smaller percentage of foreclosure-related distress sales included in the numbers, as well as the shift to more higher-end home sales.
Tight credit or worries about jobs may be prompting buyers to stay on the sidelines, said Patrick Newport, an economist at IHS Global Insight. The gain in home sales was the second-smallest reported this year, he added. As long as the buyer has good credit, money to put down, and good job security getting a loan is still easy by most standards.
“These are not great numbers,” Newport said. “We have record-low mortgage rates. Something is going on.”
The economists also disputed the Realtor association’s argument that sales might be stronger if more homes were available.
Nationally, inventories of available homes work out to about six months’ worth of expected sales, Zoller said, a level he called “reasonable.” The proportion of homes that are vacant is still above 2%, Newport said, citing Census data. That’s higher than a historical norm of about 1.7%, he said. Locally, Charleston, SC homes sales appears to be improving as inventory stays lower than normal.
The bright side is that the overhang of foreclosures are finally seeing a decline, relieving an overflow that pushed prices lower, Barclays economist Michael Gapen wrote in a note to clients. About 24% of sales were foreclosure-related, down from 29% last July, he said.