"Just Ask for Russ" your Charleston SC Real Estate Connection!
MARKET KNOWLEDGE is the Best Defense against
Buying
Too High or Selling Too Low!
Your Charleston SC Real Estate purchase determines your profit, not the sale! I am constantly asked, "How much
lower do I offer?" OR, "How much higher should I list my home?" There is NO one answer. Our
Real Estate market is so volatile, you have to interpret the competitive market analysis for each
subdivision in each area of Charleston South Carolina Real Estate. Example: If you interpret the competitive
market analysis and determine the price is under market value and you offer "a lot" less, what do
you think the seller will do? Probably not negotiate any further. If the competitive market analysis
shows the price is too high, then maybe the seller deserves a low offer. In some cases my buyers
have offered more than the asking price to make sure they do not lose that particular home and
amenities. Market Knowledge is knowing the market and structuring the offer in the best way to
get to closing. Is that not the goal? To move into your new home with peace of mind.
Moody's Economy.com is bullish on the Charleston SC real estate market. The economic data provider, which frequently crunches numbers and produces forecasts for major business
publications, has once again put Real Estate Charleston SC on its list of regions that are expected to recover swiftly from, the economic
recession's crushing blow.
Their latest study, compiled for US News and World Report, listed 10 markets where home values are expected to grow the most during the next decade. Charleston SC Real Estate market ranked No. 7 with home prices increasing "an average of more than 5 percent annually over the next 10
years."
That would reverse the pattern of home price declines that the Real Estate Charleston SC has recorded the last two years. The region's annual
median home price peaked in 2007 at $209,742, then fell 3 percent in 2008 and another 9.3 percent last year to $181,286.