Volitile Stock Market

The recent volitility in the stock market has caused uncertainty in the real estate market. The dow and s&p 500 have hit ten year lows which had an influence on the local stock market. Many investors sold while the market was at its lowest in fear that they would lose everything. This decreases people's overall net worth and their purchasing power. When such a large sector of the economy takes a significant downturn, it affects all other aspects of the economy.

How Long Will The Buyers Market Last?

It is difficult to tell how long the buyers market will last, but it will vary depending on the local market. Many people believe that Charleston, SC is bottoming out and will be experiencing gains over the next year. Once people regain confidence in the market gains will continue more rapidly. Mortgage lending practies must also stabalize. The upcoming election could stimulate the economy and lead people to put more faith in the real estate market.

Selling Your Home In Today's Market

What are the factors that can help you sell your home in today's market? In the Charleston SC real estate market there are a lot of options for buyers to choose from. I work for Carolina One Real Estate, the largest company in Charleston SC. As a company, we are still consistently helping buyers find houses and sellers sell them. I have personally found that many sellers are still being unrealistic about how they price their property. The number one way to sell a house or condo is to price it right. Finding the price that the market can bear is the only way to assure a sale in a reasonable amount of time. Another important factor is staging your home. Getting rid of clutter throughout the property is also important. You should make your home anonymous. It should not have personal effects throughout because they only serve to distract buyers from the important features of the home. Another thing to consider is having neutral tones on the walls. I often hear buyers complain how horrible the walls looked, and this can easily be avoided.

James Cook
Carolina One Real Estate
http://www.askforjames.com

Getting Your Home Ready To Sell

Many homeowners forget about the importance of getting their home ready to sell. One of the most important things to remember is that you must make your property anonymous. While nick-nacks, pictures of loved ones, and other personal items may be important to you, they can hurt the chances of selling your home. In Charleston, SC I often see houses where people leave too much clutter, and too many personal items in the home. It distracts buyers from seeing what they really need to look at, the property itself.
Having an empty house is not necessesarily your best bet. Staging can be an important part of selling a house, condo, or townhouse. Staging gives buyers an idea of what a property will look like with furniture in it.

James Cook
http://www.askforjames.com

Chareleston SC Real Estate News - Carolina One

Compared to national sales and statistics Charleston SC real estate is holding strong. The summer months bring tourism to this coastal area. Charleston has a wide range of prices, areas to choose from, and types of housing available. To find out what works best for you, it is first necessesary to determine which area of Charleston interests you the most. James Island, downtown, Mt. Pleasant, Sullivans Island, Folly Beach, Kiawah, and Seabrook are all great options. Each has a very different pace of life, and different advantages and disadvantages. I am very knowledgeable about every area, and I would be happy to help you find a place that works best for you. Whether it is historic Charleston that intersts you, or the laid back atmosphere at Folly, there is something for everyone here in Charleston. Please don't hesitate to contact me with any quesitons about real estate or the area in general. www.askforjames.com 843-475-3527

Charleston SC Real Estate

The summer months bring warm weather, tourism, and savvy buyers to the Charleston SC real estate market. There are a lot of great deals to be found here. Having a qualified real estate agent is even more important in todays buyers market.
Using my website can help you in your home search. The first step is deciding where you want to be in Charleston. Downtown, James Island, Sullivans Island, Kiawah, West Ashley, Folly Beach, Isle of Palms, John's Island and Mt. Pleasant are all popular options in the Charleston area. You can find more information about any of these areas on my website.
I hope my website was helpful for you starting a home search in Charleston. If you would like more information about any type of property then please send me your criteria (price range, location, number of bedrooms). If you have any questions about Charleston real estate or would like to go out and look at property, don't hesitate to contact me at 843-475-3527 or jcook@carolinaone.com . Have a great day! James www.askforjames.com Carolina One Real Estate
My services are free for buyers!

Charleston SC Real Estate News

The Charleston SC real estate market is holding steadier than many markets nationwide. Because of current economic factors and media misrepresentation of the real estate market, some buyers are still hesitant to buy. The media plays an enormous role in the public's perception of the economy. While the housing market is not what it was two years ago, it is still an ideal time to buy for many people. It is important to ask yourself several key questions when you are making the decision of whether or not to buy a house in Charleston. One of the first questions you should ask yourself is how long do I plan on keeping this house? This is not a marketplace where one can expect to buy a house and have it significantly appreciate in value over the next six months. While the real estate market is correcting itself and readjusting to the new economic factors, it could take longer for prices to recover significantly. I predict that when the media announces that real estate prices have hit rock bottom, this will give investors and personal homeowners the green light to start buying which will driving prices even higher. One of the reasons that the market is in its current state is that there were not enough people buying houses to live in. People were buying houses as a tool to get rich quick from the appreciating marketplace. This is the ideal marketplace to buy a house that you plan on living in. As long as you are going to stay in a house for a number of years, it will be a huge financial advantage to own a house rather than rent one. When you rent a house you are essentially throwing away hard earned money that could go towards paying a mortgage. There are two ways that you make money by owning a house. You are paying down the mortgage instead of wasting money on rent, and over time your house will become more valuable and you will make money that way.
Investors usually try to focus their efforts on one of these two strategies, but generally hope that they can get both. Cash flowing a house refers to buying a house and renting it out where the rents cover the expenses that come with owning a house (mortage payment, insurance, and taxes). This is usually easier with houses that cost less money. Low income housing often cash flows, but you generally have more tenant problems due to socioeconomic factors like poverty. In this method you are paying off the mortgage of the house and making money in that way. The second strategy for making money by investment is through appreciation. If you buy a nice house in a nice location, it should appreciate over time. This method can cost more initially, but pay out more over time. www.askforjames.com