Charleston Real Estate Blog

With all the good news being reported on the housing market recovery not only locally in Charleston but in many markets around the country, Kenneth Harney writes in the Washington Post, Low-ball bidders in many markets learn they can no longer get a steal on a house. “A year ago, according to researchers at the National Association of ...

With the mortgage settlement between the government and the banks and the robo-signing scandal behind them, we should finally begin to see the banks bring the long awaited shadow inventory of foreclosures to the market. South Carolina is a judicial foreclosure state which means it takes longer to process a foreclosure than a non-judicial state ...

... you might have to change your expectations somewhat. It's not that it is no longer a buyers market in Charleston but it certainly is not as lopsided in favor of the buyer as it was previously. We're seeing over 200 homes every week go under contract and we're seeing situations with multiple offers and a potential bidding war for ...

As they say on Wall Street, the trend is your friend and a look at the absorption rate in Charleston is certainly good news for Charleston home sellers. As of January 31st, inventory of Charleston homes for sale stood at 8.5 months according to data in the Charleston MLS provided by 10K Market Monitor. That is down significantly from the all time ...

Despite the recent new home sales reports indicating new home construction is at the lowest level in seemingly forever, new home construction in the Charleston area can be considered very much alive and well. According to the Charleston MLS, there are 448 new homes that are finished and ready to be sold and occupied (not the Occupy Wall ...

It's a mobile world now. I was out shopping the other day and got a discount coupon with my mobile phone since I don't bother to read the newspaper any longer and still want to save money. In fact, several stores were promoting the idea. But more and more people are now using their smart phone (or iPad) to search for Charleston homes for ...

Despite what you may have read that new home construction is down to it's lowest level in decades (and it is), there are a lot of buyers who just aren't interested in a pre-owned home and prefer to purchase new construction. A buyer who will be visiting Charleston next week has told me that they have never purchased anything other than a ...

Some buyers might have a price in mind when buying a home in Charleston while others might base their offer on what other homes are selling for. But in order to make a successful offer, buyers have to understand that sellers will have access to all of the same available information on comparable sales that they will have so bottom line, to ...

... and before you say isn't that something like that famous ad from the National Association of Realtors (NAR) from a few years ago or like that typical spin the NAR seems to put on not so great monthly statistics, there have been several articles in the mainstream media suggesting that now is the time to buy a home. First, let's ...

It seems that everywhere I look, there are lots and lots of under contract and sales pending riders on the homes for sale signs around Charleston. The other day, I was showing homes to clients who are considering relocating to Charleston and we picked out 6 homes to see. I made the appointments but believe it or not, 2 of the 6 went under contract ...