It's a great time to buy but a lousy time to sell
I hate to throw a lump of coal at home sellers during this holiday season but the current reality of the Charleston real estate market is that it's a great time to buy a home with mortgage rates below 4 percent, lots of inventory to choose from and lower home prices.
On the other hand, home sellers are competing with the above mentioned inventory and distressed sales of lender owned foreclosures and underwater homeowners offering their homes as short sales.
But if you are planning on both selling your current home and buying a new home there is a little brighter way to look at this picture. Sure you might sell low but at the same time you can buy lower. In other words, sell cheap, buy cheaper.