The City of Greenville, SC has been updating its zoning and land use regulations to help achieve a more livable city as part of the GVL2040 Comprehensive Plan.
The city held a public meeting recently to provide an update with where they are at with the thinking. Upstate Business Journal has a good synopsis.
The main points are:
The city has hired CZB of Maine to help them with this planning update.
Do you have a pool in your back yard that doesn’t get used all the time? Consider renting it out much like you would on Airbnb with extra space in your home. Now you can rent out your pool by listing it on the mobile app Swimply.
The Greenville Journal has a good story on renting your pools. It’s hard to know how big this market might be but it’s clearly a trend.
If you’re a real estate investor in South Carolina and you are wholesaling properties, the Labor Licensing Regulation Department otherwise known affectionately here at LLR, has come out and said that if you are wholesaling and then advertising expecting to get paid a commission, then you are by definition a “broker” and licensing is required. Don’t take this post and my comments as legal advice. I’m passing along information published by LLR. Be sure to consult with your own legal counsel.
Be sure to read page 3 on wholesaling of the LLR May 2022 Newsletter.
“At recent Commission meetings, there have been discussions regarding this wholesaling trend,
or the marketing of assignable contracts/equitable interests in real property by individuals who
are not the legal owners of the properties. The Commission has interpreted that the advertising
of real property belonging to another with the expectation of compensation falls under the
statutory definition of “broker” in S.C. Code Ann. § 40-57-30(3) and requires licensure. If
unlicensed individuals are advertising these real property interests publicly with the expectation
of compensation, the Commission has directed that Cease and Desist Orders be issued against
those individuals to stop them from engaging in unlicensed practice.”
Take a look at just about any Facebook Page about Greenville, SC and you’ll see that lots of people are moving here. There are plenty of vocal residents here who are always complaining about the outsiders moving to Greenville. What cracks me up is that most of those who express that attitude themselves moved here from somewhere else. It’s pretty rare to run in to true Greenvillians these days. They are here but they are outnumbered by those who have arrived from elsewhere.
For me this fact that there are so many people who have moved here from around the country and around the world make this such an interesting place. You have the mix on the incredible charm and history of South Carolina combined with a growing and robust economy attracting all kinds of companies and people to the state and specifically here to the Upstate.
According to this article in the Greenville Journal, “Greenville County‘s population is expected to grow by 222,000 residents and 86,000 new jobs by 2040, according to a recent county report. The population today stands at 514,000. Already the county is planning a number of community meetings to address the current plans to handle the continued population boom.”
Our family moved here from Minnesota July 2019. We’ve been here three years and there continues to be great change here to the Upstate. The building that has gone on both in terms of commercial / industrial as well as residential has been great to see. The road remain an issue here and probably always will be. But as America starts to bail out of the northern and NE states along with CA, OR, and WA, South Carolina is an excellent option. I know Florida gets all the headlines, but people should really consider the great state of South Carolina.
If you’d like to explore your real estate options here in the Upstate of South Carolina, please don’t hesitate to reach out as I’m a broker associate / Realtor with eXp Realty.
Call this part of the charm of living in the South…if you’ve ever tried to figure out if you are actually within the city limits of the City of Greenville, SC, you’ll understand how challenging it can be at times. Above is a screen shot I took from the city’s GIS system. It’s a fantastic system and I’ll link it below. Part of the challenge here is you’ll have an address that says Greenville, SC but it won’t be in the city. It will just be part of Greenville County. It’s helpful to know this as a property owner as you’ll be subject to more scrutiny of course if you live within the city limits.
Want to open up an Airbnb in the City of Greenville, SC? Why not? It’s a beautiful small city and the area is growing rapidly. Just make sure you follow the City of Greenville, SC Rules and Regulations for Short Term Rentals.
Golf is back! South Carolina is a gorgeous state for golf so it’s nice to see that the Congaree Gulf Club will be hosting the PGA TOUR CJ CUP the week of October 17 – 23, 2022.
The South Carolina Department of Commerce made a big deal about this announcement of the PGA coming back to South Carolina.
Effective June 13th, South Carolina REALTORS have a slightly modified real estate contract for consumers to use for buying and selling homes. They have removed the “repair procedure” and “as-is” sections and gone to a straight “due diligence” contract. Many disputes had arisen over “repair procedure.” I’m happy to see that removed. It seemed overly confusing and was open to too much interpretation by the buyers and sellers which would then lead to disputes.
The South Carolina REALTORS is the state association and they do a tremendous job of supporting REALTORs in their transaction questions. They have received a number of phone calls on the legal hotline about the latest change to the contract as you can imagine. They have published the key points REALTORS should consider with regard to the new contract and “due diligence.”
For a quick overview of what was changed in the contract, feel free to watch SCR Director of Legal and Regulatory Affairs, Austin Smallwood go through the forms changes in the 6 minute video below.
The City of Greenville continues its steady growth. All one has to do is drive around and see all the construction going on. New construction…additions…renovations…restorations. You name it, it’s happening here.
“As of June 30, the city had completed 14,110 building inspections compared to a little more than 25,000 in all of 2021, Greenville’s current high water mark. In 19 of the first 27 weeks of the year, the city saw an increase in inspections over the previous year.“
Greenville continues to attract more people and businesses by the day. See where people are moving from to land in Greenville.
Build for rent continues and bigger and bigger investment firms, partnerships and REITs are interested in acquiring these neighborhoods. No doubt Wall Street hedge funds and partnerships are also acquiring these rental neighborhoods.
Here’s the story about Foxchase being sold for $41 million in the Upstate Business Journal. Haven Realty Capital out of Los Angeles has partnered with Plymouth Meeting, PA based CenterSquare Investments to acquire this asset. The home builder is Crescent Homes out of Charleston, SC.