Spartanburg Real Estate Market Report

The Spartanburg Real Estate Market Report provides you with an in depth look at the current market in Spartanburg and can give you great insight if you’re looking to secure a hard or private money loan. All data and statistics in the market report are updated monthly and are obtained from Local Market Monitor. We are providing this great tool for FREE to anyone in the Real Estate industry to assist you with determining where the best market in Spartanburg is to purchase your next fix to flip or rental property. In the market report you can find the average home price in Spartanburg and compare the population of the MSA areas within the state. Along with the average home price, you can also view the Single-Family Housing Permits statistics and the Multi-Family Housing Permit statistics.

A really great statistic that can be of value to you in determining where your next rental property purchase will be is the Current Monthly Rent amount, along with the Rent-Home price ratio and the Rent Forecast. These are three very valuable statistics that will allow you to be more knowledgeable about the Spartanburg real estate market and allow you to be the most successful in building your investment portfolio.

Also available to you in the market report, is the percent of population growth, as well as the percent of the 12-month change. Another great data point that you can find on the market report is the unemployment rate along with the percent job growth within Spartanburg.

Hard Money Loans in Spartanburg, SC— BridgeWell Capital

The median home value in Spartanburg is $135,936. Spartanburg home values have gone up 7.2% over the past year and Zillow predicts they will fall -1.0% within the next year. The median list price per square foot in Spartanburg is $102, which is lower than the Spartanburg Metro average of $110. The median price of homes currently listed in Spartanburg is $177,500 while the median price of homes that sold is $133,400. The median rent price in Spartanburg is $900, which is lower than the Spartanburg Metro median of $1,000.

BridgeWell Capital is South Carolina’s #1 hard money lender for real estate investments. We work with investors throughout the Palmetto State, who need a fast, hassle-free source of capital to take advantage of investment opportunities as they become available. BridgeWell Capital professionals often finance investments in 10 days or less. From Charleston to Greenville, Rock Hill to Hilton Head, no one works harder for you than BridgeWell Capital. If your investment makes sense and promises a solid profit margin, you can be approved for hard money financing.

How is BridgeWell Capital Unique from Other Hard Money Lenders in South Carolina?

• Consistent, reliable and responsive customer service: We understand the needs of our borrowers and have made it a priority to provide the best customer service in the industry. See testimonials from our customers.
• Fast closings: we routinely close loans in as little as 10 days. Proof of funds letters are issued in less than 1 day.
• Experience: With over 30 years of real estate investment experience, our management team sets industry standards, having successfully funded over USD$200MM in hard money loans for real estate investors.
• Investor consulting services: Whether you are experienced in the real estate investment business or just getting started, our hard money lending professionals are ready to provide you with the best investment advice and consulting services – so you can get ahead in South Carolina’s competitive market. Contact us today at 866-500-4500 for a free consulting session.
• Licensed Mortgage Lender: Unlike other hard money lenders in South Carolina, BridgeWell Capital is a fully-licensed and insured mortgage lender that’s A+ rated by the Better Business Bureau.
• Wide Service Area: We provide hard money loans throughout the state of South Carolina.

Investing in South Carolina’s Real Estate Market

It is no secret South Carolina’s real estate market offers some great investment opportunities. As with the rest of the country, South Carolina’s housing market has been steadily improving. According to statistics from the Federal Reserve Bank of Richmond, new home construction and permitting saw increases year-over-year as did median home prices. Recent statistics out of the Charleston Trident Association of REALTORS® echo those presented by the Fifth District Federal Reserve.

Keeping up with the market and staying up-to-date on current trends can lead to, not only smarter investment decisions, but ultimately, a more successful portfolio of investment properties. At BridgeWell Capital, we approve our hard money loans based on your ability to succeed, and the local market trends and indicators are some of the factors we encourage our borrowers to use to make smart investment decisions. Deciding what types of investment projects — flips, rentals, new construction, commercial — can depend on many factors, such as the median sales price, rent price or appreciation rates. For example, it may make sense to acquire a residential property in an area where appreciation prospects are high, and rent prices are on the rise (secret #4 of real estate wealth building). Making informed investment decisions is the best way to minimize risk and maximize profits.

Here at BridgeWell Capital, to approve our hard money loans, we consider market statistics, and property appraisals, among other things, to assess the likelihood of success of your investment. For current trends in South Carolina’s real estate investment market, visit Zillow or Trulia.com.

If you have a property you are looking to purchase, or need investment advice to find a good investment, call us now at 866-500-4500, or fill out our request funding form and a loan specialist will contact you within 1 business day.

Real Estate Investor Associations in South Carolina

Although our hard money loan approvals are based on your ability to succeed, we encourage our clients to get involved in the real estate investing community of South Carolina. There may not be a better place to network, learn, collaborate, and do business than in the Real Estate Investors Associations (REIA). The active REIAs serving South Carolina are:

• Charleston Real Estate Investors Association: Monthly meetings are held on the first Thursday of every month at the Embassy Suites by Hilton Charleston Airport Hotel. Attendance is free for both members and guests.
• Columbia Real Estate Investors Association: Monthly meets are held on the first Wednesday of each month at the Grecian Gardens restaurant in West Columbia. Meeting is free for members and there is a $15 attendance fee for guests.
• Upstate Carolina Real Estate Investors Association: Serving Greenville, SC and the surrounding area. the Upstate CREIA holds their monthly meeting on the 3rd Monday of every month at the Embassy Suites Greenville Golf Resort & Conference Center. The meeting is free for members. There is a $15 attendance fee for guests.

REIAs are a great place for real estate investors to grow their business and we highly encourage getting involved. Find the REIA that best fits your needs. A well built out knowledge base and support group can only help when it comes to making your next real estate investment project a success. BridgeWell Capital is South Carolina’s #1 hard money lender for real estate investment in the state. Whether it’s rehab loans or investment for rental properties, BridgeWell Capital is the most trusted name in private money lending. If you need help financing your next commercial or residential real estate project contact us today!

BridgeWell Capital’s Links to Success

BridgeWell Capital wants you to be a success in real estate investing, and that takes knowledge, but the key to knowledge is knowing where to find it. Here are some links to help you get find the answers you seek.

• South Carolina Chamber of Commerce
• Anderson Area Chamber of Commerce
• Charleston Metro Chamber of Commerce
• Columbia Chamber of Commerce
• Greater Florence Chamber of Commerce
• Greenville Chamber of Commerce
• Mauldin Chamber of Commerce
• Myrtle Beach Area Chamber of Commerce
• Spartanburg Chamber of Commerce
• Sumter Chamber of Commerce
• South Carolina REALTORS®
• Charleston Trident Association of REALTORS®
• Central Carolina REALTORS® Association
• Greater Greenville Association of REALTORS®
• Charleston Apartment Association
• Apartment Association of Greater Columbia
• Upper State Apartment Association

At BridgeWell Capital we’re committed to your success, and we are ready to become an integral part of your real estate investment team.

For more information about our hard money loans in Spartanburg call us at 803-998-1000 or fill out our request funding form online and we will contact you within one (1) business day.