Palmetto Heroes Program in South Carolina 2019

The South Carolina Housing Authority has just released (for the 9th year) a wonderful program for the residents of South Carolina called the Palmetto Heroes Program.  Designed to assist Police Officers, Correctional Officers, Teachers, Nurses & CNAs, Firefighters, Veterans, EMS Personnel, and SC National Guard, the Palmetto Heroes Program will offer down payment assistance and a reduced interest rate. Reservations open June 3,2019.

Palmetto Heroes Program 2019

Learn More about the 2019 Palmetto Heroes Program.

Qualified Personnel will be able to purchase a home with a:

  • 3.875%, 30 year fixed, mortgage interest rate
  • Up to $8,000 forgivable* down payment assistance (DPA) (additional $2,000 available from Federal Home Loan Bank Atlanta for public school teachers, law enforcement, firefighters and EMS workers.)

Palmetto Heroes Program 2019

Please fill out this form if you are interested in learning more about the Palmetto Heroes Program.

Homes for Sale in Newington Plantation

Homes for Sale in Newington Plantation are very popular in Summerville. Newington Plantation is a beautiful, well established subdivisions located off Bacon’s Bridge Road. Known for its well built homes, family friendly sidewalks, good sized yards and well established landscaping,  the community neighborhood of Newington has long been a part of the town of Summerville.

Homes for Sale in Newington Plantation

Various homes for sale in Newington Plantation have their own pools, but for those that don’t you are only a short golf cart drive or walk to the Newington Plantation Pool! The Newington Plantation pool is open during the summer and home to the Newington Tiger Sharks Swim Team.

Enjoy some raw footage I took of homes for sale in Newington Plantation a few years. As you can see it is full of beautiful homes, quiet cul-de-sacs and community.

View Homes for Sale in Newington Plantation of Summerville, SC or contact Foster Smith for a home tour of Summerville, SC.

How to Get the House You Want in Summerville!

In this strong seller’s market, you need to give yourself every advantage as a home buyer if you want to get the house you want in Summerville! Hear the latest story of one of my clients and their road to home ownership.

If you want to buy a summerville home, you need to act quickly and intelligently as a buyer. Ensuring that you are working with an experienced Summerville realtor will save you headache and heartache when you try to purchase a home in Summerville.

Homes for Sale in Summerville, SC

I can help you if you are interested in seeing real estate for sale in Summerville, SC ,  buying a home in the Summerville areanew home in Summerville , a historic home in Summerville or selling your Summerville home.

If you are a home seller and would like to discuss your Summerville Home and what it is worth in our market today, please e-mail me for more information or fill out this form.

South Carolina Loan Scheme Leader brought to Justice


I am glad to see that those involved in the SC Loan Scheme have been brought to justice. Proverbs 13: 7 says ” There is that maketh himself rich and has nothing, and there is that maketh himself poor yet hath great riches…”  The Leader of the SC Loan Scheme has been sentenced to three years in jail.

What happened in this Loan Scheme in South Carolina?

This loan fraud grew out of the last real estate boom and it costs mortgage lenders over 24 million dollars.  A group of mortgage brokers was skimming off the top of the mortgages they were selling and stealing large amounts of money. They would inflate the price of the mortgage and only lend part of it and keep the rest for themselves. Thankfully, their crimes were discovered and they are going to prison. One of the fraudsters said ” I have lost every dime. I have lost it all.”

How does this affect my real estate clients?

Another boom of real estate is happening right now in Summerville SC Real Estate. I am always mindful that I am educating and protecting my buyers and sellers from loan fraud and similar scams.  When you are going to buy a Summerville home or sell your Summerville home, make sure you have someone in your corner that has weathered the ups and downs of the market and can guide you through the process.

If you are a home seller and would like to discuss your Summerville Home and what it is worth in our market today, please e-mail me for more information or fill out this form.

Downtown Summerville Home for Sale

109 President Circle – This home has been lovingly cared for and maintained. Formal living room, dining room, eat in kitchen and family room with fireplace. The morning light fills the sun room and the screen porch invites nature watching. Downstairs master will have no problem holding a king size bed and furniture. There are two additional bedrooms downstairs. One bedroom downstairs currently used a study. Two bedrooms upstairs with open loft looking into the family room. Storage is ample for extras. Two car garage attached by a breezeway. Out building serves as a useful workshop.

View More Photos and Details about 109 President Circle, Summerville, SC 29483.

Housing bubble about to burst in Summerville or Charleston, SC?

With all of the doom and gloom we are hearing in the media, I have had many clients and customers ask me, “”Is there a housing bubble about to burst in Summerville or Charleston?”

In order to answer that question we need to rewind to 2007 when there was indeed a housing market crash and a very real bubble burst not only in our area, but nationwide.  This was created by a tremendous amount of inventory, as high as 12,000 houses on the market in the tri-county area. (Dorchester, Charleston and Berkeley County)  The prices became so inflated that buyers stopped buying and with so much inventory on the market, the Charleston, SC bubble burst. It eroded  housing values almost 30% in Summerville, Mount Pleasant, Charleston and the surrounding areas.

In 2012 we hit the bottom and went sideways and inched up a half of a percent.  In 2013, the prices rose 7.5%, followed by 7.5% in 2014 and 4% in 2015.  However this is still 11 percent less than eight years ago.  Right now, we have 5,651 houses on the market, this is less than half the houses on the market in 2007.  Inventory being low will keep pushing the prices back up to where they were. The reason there is still a low amount of inventory is what we call the waterline.  A lot of people are still at the waterline or 10% under the waterline if they bought their house 7 years ago.  As a result, they can not reenter the Summerville SC Real Estate Market.

If you want to identify whether you are at the waterline or above it and can move and make money, give me a call at 843-974-6029 or fill out my What is My Home Worth form and I will be in touch.

Fill out this form or give me a call if you are interested in what your Summerville home is worth in today’s market.

Foster Smith – 843-974-6029.

Middle of the Year Market Update for Real Estate in Summerville & Charleston, SC

We’ve reached July and it is time to find out how the Charleston and Summerville Real Estate Market is stacking up compared to last year.  Foster shares in two minutes about the Charleston market..

Statistics for the Tri-County area (Dorchester County, Charleston County & Berkeley County)  from January to June 2014.

  • Closed Sales – Up 6%
  • Median Price– Up 9%
  • Price per square foot– Up 6% to $141/square foot

Statistics for Summerville, SC  from January to June 2014.

  • Closed Sales – Up 4%
  • Median Price– Up 5%
  • Price per square foot– Up 7% to $90/square foot


Across the board, the Charleston Real Estate numbers are up and indicative of a strong market.  The Charleston housing inventory is relatively static right now and not as plentiful as it was making it a good time for sellers to jump in with their homes.  The interest rates are still hovering around 4.5 percent, so buyers are still getting great deals as well.  In conclusion, if you are interested in selling your Summerville home or buying a home in Charleston, SC or buying a home in Summerville, SC…give me a call or email!  I look forward to helping you find a great investment for your needs.