If you’ve wanted to sell your home or property in Charleston, SC, but have held off in hopes of the market to stabilize, we are here to tell you that if you want to make top-dollar for your home, now is the time to cash in! It’s not just our team that is saying now is the best time to sell to make a large profit on your investment. Many Charleston, SC, real estate agents and brokers are monitoring the current housing market conditions and have come to the same conclusion!
Our market research has concluded that there are a few key factors responsible for the current market situation including, but not limited to, the coronavirus, unstable economy, layoffs, and the adoption of working remotely. Despite most of these being inherently unfavorable events, the consequences have fueled a housing market that is getting homeowners huge returns on their investment. Below, we are breaking down some of the primary reasons why now is the best time to sell in Charleston, SC!
Supply & Demand
Demand is one of the most significant factors contributing to increased property sales in Charleston, SC. Since Covid started, many U.S. states have banned certain activities, including hosting open houses. At that initial phase, home sales were relatively low. However, real estate agents noticed a rebound when activities were restored. They hypothesized that this was due to a huge demand for properties, which exploded as the world started to get back to normal. Prices have continued to soar and are continuing to advise sellers to seize this opportunity.
The huge demand for homes and properties has led to low inventory. It’s the law of the land that supply and demand determine the price of a home. In this case, low inventory means sellers can demand higher prices, meaning that homeowners are making huge profits on their investments!
The National Association of Realtors (NAR) observed an increase in home prices in various markets during the first three months of 2020, and that trend has continued through today. All indicators point towards increasing home values in Charleston, SC, remaining constant, even when the market stabilizes.
Low Mortgage Interests
Low-interest rates are one of the largest determining factors in deciding whether to buy a home or not. Low-interest rates benefit people selling their homes too since they only heat up the demand in the real estate market that much more.
Low-interest rates have another benefit to those selling a home—home sellers can also take advantage of rates when they go to buy their next home! When you factor in the significant increase in home prices, you may be surprised just how much you can afford after the sale of your current home. Combining the profit you make from the sale of your current home and taking advantage of the low mortgage interest rates can lead you to buy your dream home. Interest rates as of late seem to be on the rise and fast! It is best to take action today before it’s too late!
Sell Your Home!
For these reasons, you should be seriously be considering selling your home in Charleston, SC. Our team specializes in getting our clients the most money in their pocket when selling their homes by leveraging our proprietary listing marketing systems that create major demand for their homes. Plus, our signature guarantees such as our “Zero Commission Program” allow for the seller to pay zero dollars in commission! We will negotiate on your behalf to have the buyer pay the cost! If you are considering making a move, please don’t hesitate to call us now at 854-800-3100