Charleston Real Estate Blogs

Charleston, SC Real Estate: Why Now Is the Best Time to List

Southern Bell Living Sold yard sign in front of Mount Pleasant Home

The housing market is hot - red hot. All over the United States, people are getting into bidding wars over housing. Indeed, the median listing price for a home is now about 30% higher than in 2019. Despite a brief slowdown when COVID-19 first hit, the market has since accelerated at a rapid pace. Buoyed partly due to employees being freely able to work remotely, homes in the Charleston area have never been in higher demand. If you are thinking about listing your property with a Charleston real estate agent, here are five reasons why now is the best time to list!

As Any Charleston Real Estate Agent Will Tell You, Demand Is Sky High

Charleston model homes in shopping cart with green upward trend arrow...

Mortgage Forbearance: 3 Things You Need to Know for Charleston, SC Real Estate

Homeowner worried about Mortgage Forebearance

The COVID-19 pandemic altered many people's financial lives. Indeed, some comfortable homeowners working diligently to pay off their loans suddenly found themselves unable to work. However, even though the work may have stopped, the mortgage still kept going. When Congress passed the CARES Act, homeowners with conventional, FHA, VA, or USDA loans who had financial impacts from the pandemic could request mortgage forbearance. Essentially, this term means that you stop the monthly payments of the mortgage with the promise that you will pay back the amount later. Not needing to make these monthly payments gave some homeowners relief and protection from...

Charleston, SC Housing Market: 3 Reasons Why We’re Not in a Bubble

Home for Sale Sign in front of Charleston Home

Anyone following the Charleston housing market knows how much prices have gone up over the past year. Indeed, in January of 2020, the median price of a Charleston-area home was around $340,000. Now, that average is about $411,000. Those with keen math senses will immediately recognize that increase is about 20%. In one year, that's a significant boost to property values!

The fact that properties have gone up so much has made some would-be homeowners nervous that they're buying at the top of a bubble. In other words, they believe that we've hit the peak of this market, and there's nowhere else to go but down.

While nobody has a crystal ball that can predict the future, most of the indicators that we do have show that...