James Island Home: Listing to Contract in 3 Weeks!
Here’s some good news: I listed a property on James Island, and we got a contract on it within 3 weeks! Pricing is everything right now, and with prices continuing to decline, it is important to “catch the can”, or, to be priced so that your home will sell before prices decline so much that [...]
Home Sales on James Island
I have just listed, and also just sold, a condo located at 1337 Pinnacle Lane, on James Island. I think it is proof that, even though the market is down, sales are still occurring. Everything is about price at this point. My client, who owns the condo, was prepared to price it to sell quickly, [...]
Happenings in the Charleston Real Estate Market
This week has been a frenzy of activity so far, and it’s only Tuesday! I have seen a dramatic increase in website inquiries, and have been on several new buyer and seller appointments. We have a meeting for the Upper King Design District tomorrow at FISH, which is a good restaurant on King Street. It’s [...]
Listing Appointment in Hanahan, SC
I had a listing appointment in Hanahan today. The house was cute, and had had a lot of renovations done. The problem is, the homeowner only purchased a year ago, and I don’t think we can make the numbers work. Those of you who know me know that I won’t tell you we can get [...]
Advice for Sellers: Remove the “Unknown”
I have a friend who is an Interior Designer, who we met down at Midtown today. She and her business partner are taking a look at one of our smaller units. It is an excellent space, and the least expensive property we currently have available. The address is 189 A St. Philip.
It is also our [...]
Advice for Pricing Your Home in Today’s Market
In yesterday’s blog, I touched on the unwillingness of sellers to come down off of their list prices. I have a few more things to say about pricing a home.
This is an interesting phase in the market in terms of how to price a house. In the seller’s market of 2005, when real estate prices [...]
Advice for Buyers and Sellers in a Changing Market
I’ve been negotiating a few contracts and am noticing an interesting trend. It seems that the number of cases in which a buyer can get a home for a drastic reduction from the list price is diminishing. Over the past month, I have dealt with real estate contracts all over town: Mt. Pleasant, Hollywood/Meggett, Downtown [...]
Tales from Midtown Open House
I think the worst part of the market downturn is past for the Charleston area. We see more and more showings on our listings all the time, and the number of buyers who seem to be actively looking has more than doubled. I think prices for real estate are already discounted, and people should not [...]
Spring has Sprung in the Lowcountry…
…and that means it’s time to wash away those winter blues! In fact, according to the Soap and Detergent Association (did you even know there was such a thing) three-quarters of Americans engage in spring-cleaning. In fact, their surveys indicated that more than 80 percent of people who spring clean agree that it helps them [...]
Escrow vs. Pre-Closing Repairs vs. Allowances
As promised, here is the skinny on getting repairs done in conjunction with a closing. Each method has its positives and negatives, which I will now outline.
Take the following example: home goes under contract, home inspection is completed, revealing the need for repairing a leak in the roof. Per the South Carolina Real Estate Contract, [...]
