Tag: Charleston neighborhoods
Everybody wants a deal, and now is the time. Don’t believe it’s the time to buy Real Estate yet? I disagree.
I must admit as a Realtor I may sound somewhat biased, but I practice what I preach. I’m a Buyer myself. I’ve purchased 3 homes myself in the last 2 years and tried for a fourth just last week losing out on a home that had 6 offers on it within days of coming on the market. Are you thinking that must have been a good deal? It was. 1600 square foot ranch home on James Island in a great neighborhood (mine in fact). List price…$99,000. Not a short sale. Not bank owned. It was an estate sale being executed by an attorney. Motivated Seller.
I avoid short sales. When I hear short sale, I think headaches and heartbreak for almost everyone involved. You can find a deal that way. And if you really love a property in a short sale situation, I would definitely attempt to purchase it via short sale first. But in my experience, you still may be paying more than you need to… but that’s a conversation for another day.
Motivated Sellers come in all forms and I do my homework to find them. I watch bank owned and estate sales. I watch for multiple reductions in a short period of time. I watch for major reductions. But these are not the only telling factors. People need to sell for all kinds of reasons…job transfer, loss of job, marriage, divorce, kids, up-sizing, downsizing, graduation, retirement, travel, health reasons and yes, financial reasons. These motivating factors happen in any market.
Here are some examples of the motivated sellers I’ve found for my buyer clients in the last 6 months:
Downtown Charleston – 1025 sq ft house with 2 off street parking spots and a yard. 1 block from Marion Square and steps off Calhoun .
Purchased for $190,000 – Tax appraisal valued the land alone at $228,000. Bank owned multiple offer situation.
(Link to listing – 2912368)
Folly Beach – Full .24 acre street to street lot with main house of 1500 sq ft and two 1 bedroom cottages on same property. 3 blocks to the beach.
Purchased for $360,000 – 3rd lowest residential purchase on Folly Beach in the last 3 years. Estate sale multiple offer situation.
(Link to listing – 2902489)
Mariners Cay – 2 bedroom, 2-story condo with views overlooking Folly River and the Marina
Purchased for $215,000 – Lowest priced purchase in Mariners Cay the last 5 years. Motivated out of town Seller.
(Link to listing – 2906274)
James Island – 3 bedroom, 2 bath, 1528 sq ft ranch home in Lighthouse Point
Purchased for $120,000 – Bank owned property multiple offer situation.
(Link to Listing – 2828792)
West Ashley – 2 bedroom, 1 bath single family home in Parkwood Estates
Purchased for $101,000 – Bank owned property multiple offer situation.
(Link to Listing – 2921950)
There ARE deals out there. When they are this good, they don’t last more than a few days and sometimes they are under contract in hours. I can notify my clients within minutes of them coming on the market. I’m not a salesman. I present my clients with the facts, the comparable sales and they decide for themselves. The Charleston area is full of deals, and I can help find them. Feel free to call or contact me with questions.
Many people come into The Real Estate Studio in downtown Charleston with 3 little words on their minds…. South of Broad. It is the most desired neighborhood on the peninsula. And now a new study at Clemson University may shed some light on why the residents of this quaint, historic area love it so much. South of Broad, along with I’On in Mount Pleasant, will be the focus of a study on the relationship between the age and design of urban places and residents’ attachment to them. Although I’On is a new development, it’s design employs traditional and historic architecture.
Click HERE to read more about this study or, if you are a resident of one of these neighborhoods, to take the online survey.