About dunes properties of Charleston

dunes properties of Charleston is a real estate, vacation rental and property management company representing the Lowcountry with almost 80 exclusive Charleston beach vacation rental properties, 70 real estate agents and employees, four full-service offices. Nobody knows the Charleston Coast better.

Isle of Palms Office

1400 Palm Boulevard
Isle of Palms, SC 29451
843.886.5600

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


Folly Beach Office

31 Center Street
Folly Beach, SC 29439
843.588.3800

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


The Real Estate Studio

214 King Street
Charleston, SC 29401
843.722.5618

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


Kiawah Seabrook Office

1887 Andell Bluff Boulevard
Johns Island, SC 29455
843.768.9800

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


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Escalation clauses and other concerns for HOT markets

Escalation clauses and other concerns for HOT markets

There is no longer any question; the real estate market has been revived and is changing fast. Demand, pent up for several years, has roared back, especially in Charleston and on the Charleston Coast.  Good properties that are priced right sell fast, and multiple offers are common once again.  We’re also seeing some interesting circumstances which we believe warrant your attention, should you be considering a new purchase.  First is the the escalation clause, where an offer includes a possible automatic increase in price to overcome competitive bids.  Secondly, we are seeing circumstances where listings are being priced at well below recognized market value, for the sole purpose of attracting multiple bids and exceeding the listing price and occasionally the market value.   As Kenneth Harney warns in an article on realdeal.com,
“They’re back after barely a decade: Escalation clauses in real estate contracts, “naked” contingency-free offers and lowball-priced listings designed to pull in dozens of bidders and turn routine sales transactions into auctions.”
To read up on these two new trends, and get a better perspective on the possible pitfalls of buying in the current market, check out these articles in the Washington Post and New York City’s The Real Deal:
-by Randy Walker

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