This coming Sunday Prudential Carolina Real Estate will run an ad from our company’s three CEOs with their first quarter “state of the market” address. I have gotten hold of the one-page ad that will run this Sunday and thought I’d share it with you ahead of the press date.
There are several key points to remember in our local real estate market. One is that it’s a great time for move-up buyers. Let’s say for instance you have a home right now that is worth $100K, and you are looking at buying a home that is $200K. If you have to take a 10% price reduction to get out of your house, and you are getting a 10% price reduction in the house you’re buying, $10K from the first house compared with $20K from the second house puts you at a $10K advantage. You just doubled your money!
Something else to remember. If you bought your house in the last couple of years and you are afraid your home is losing its value, keep in mind that real estate is always a long-term investment. Last year we heard the national media say that home prices were taking a dive, but here in Charleston they actually went up by 3% over the year. Since 2000, home prices have doubled in the Charleston area. If you don’t have to move and you’re not buying up, sit tight; your house will continue to appreciate over the long run.
Please click here to see the ad in PDF format, and call me if you have any questions… 843.574.3193.
