Real deals on Charleston real estate
Everyone seems to have an opinion on how much you should pay for a home. Someone told me the other day that someone told them that they should be able to buy a home for sale in Charleston from 10 to 20 percent off list price.
Well, take this house ... or take that house ... please.
Let's talk about two homes for sale in Charleston. House A was originally listed one year ago for $299,900 and the price has been reduced to $279,900. House B was originally listed 6 months ago for $269,900 and consistently reduced in price to a current price of $199,900.
I think you know where I'm going with this.
You may (or may not) be able to buy House A for 10 to 20 percent off but it really isn't very likely that you could purchase House B for anything resembling that kind of discount. The price you pay should be based on the value you perceive, not how much below list price you can get it for. After all, 20% off $279,900 is $223,920 and that is still more than $20,000 higher than the other house.
With so many homes for sale in Charleston, the real deals on Charleston real estate are not necessarily big discounts. Think about the price instead of the discount in order to get the best deal.
And that still doesn't mean you have to necessarily pay list price.