Charleston Real Estate Blog

Charleston Real Estate in Real Time


Your Charleston Real Estate Agent is Key When Pricing Your House

Fri, Sep 3rd 2021 11:30 am by Shawn Pillion Seller Info

Pricing Your House


If you're ready to sell, reach out to one of our real estate agents and find the perfect price for your house!

Some Highlights:

Pricing your house right in this Charleston market takes experience and expertise.

To find the best list price, your Chucktown Homes agent balances current market demand, values of homes in your neighborhood, where prices are headed, and your home’s condition.

If you’re ready to sell, don’t guess on the price. Reach out to one of our advisors today to price your house to attract multiple offers and maximize your return on investment.

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175 Ithecaw Creek Street
Charleston, SC

MLS# 21023791 - Residential

Don't miss your chance to live in this magnif...



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The Current Charleston Real Estate Market is One for the Record Books

Thu, Jul 22nd 2021 1:33 pm by Shawn Pillion General

As we move into the second half of the year, one thing is clear: the current Charleston real estate market is one for the record books. The exact mix of conditions we have today creates opportunities for both buyers and sellers. Here’s a look at four key components that are shaping this unprecedented market.

A Shortage of Homes for Sale
Earlier this year, the number of homes available for sale in Charleston fell to an all-time low. In recent months, however, inventory levels are starting to trend up. The latest Monthly Housing Market Trends Report from realtor.com says:

“In June, newly listed homes grew by 5.5% on a year-over-year basis, and by 10.9% on a month-over-month basis. Typicall...



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Homeowner Wealth Increases Through Growing Equity This Year

Wed, Jun 23rd 2021 11:12 am by Shawn Pillion General

Aerial of Charleston

Building financial wealth and stability in Charleston, SC remains one of the top reasons we choose to own a home here, and as a homeowner, your wealth often grows without you even realizing it. In a recent paper published by the Urban Institute, Home Ownership is Affordable Housing, author Mike Loftin illustrates how homeowners increase their equity and their wealth simply by making monthly mortgage payments:

“The principal portion that reduces the loan balance builds the homeowner’s equity. In doing so, the principal payments behave like an automatic savings account. The principal payment is not money going out; it is money staying in.”
But home equity – the difference between the valu...



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3 Things to Prioritize When Selling Your House

Tue, Jun 1st 2021 1:15 pm by Shawn Pillion Seller Info

Today’s Charleston housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory is creating the ultimate sellers’ market, which means it’s a fantastic time to sell your house. However, that doesn’t mean sellers are guaranteed success no matter what. There are still some key things to know so you can avoid costly mistakes and win big when you make a move.

1. Price Your House Right
When inventory is low, like it is in the current market, it’s common to think buyers will pay whatever we ask when setting a listing price. Believe it or not, that’s not always true. Even in a Charleston sellers’ market, listing your house for the right price w...



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Charleston Real Estate - It's a Great Day To Sell Your Home!

Tue, May 11th 2021 9:22 am by Shawn Pillion Seller Info

There’s no doubt that 2021 is the year of the seller when it comes to the Charleston housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you’re ready to purchase your Charleston dream home, and high buyer demand may give you the leverage you need to negotiate the best contract terms on the sale of your house. Here’s a look at what’s driving this sellers’ advantage and why there’s so much opportunity for homeowners who are ready to move this season.

1. Historically Low Inventory
Even with a slight rise in the number of houses for sale this spring, inventory remains near an a...



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Planning to Move to Charleston? You Can Still Secure a Low Mortgage Rate on Your Next Home

Wed, Apr 21st 2021 10:21 am by Shawn Pillion General

Charleston Window

This year, mortgage rates have started to slowly climb above recent record-breaking lows. Many homeowners planning to move to the Charleston area may feel like they’ve missed the chance to score a great rate on their next mortgage. In reality, there’s still time to secure a rate far below the historic norm. Here’s why.


After creeping up for seven consecutive weeks, average mortgage rates have dropped more recently (See graph below). With rates taking a slight dip over the past two weeks at the same time the inventory of houses for sale in Charleston is so low, homeowners today are sitting in the optimal seat to sell. What’s the advantage of selling your house now? Securing a low mortga...



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Homeownership in Charleston Is Full of Financial Benefits

Thu, Apr 8th 2021 10:53 am by Shawn Pillion Buyer Info

A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s Charleston power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents:

88% – a better chance of saving for retirement
87% – the best investment plan
85% – the chance to be better off financially
85% – the chance to build up wealth
 Charleston Equity Gap

The above graph only includes data through 2019, but according to CoreLogic, the equity held by homeowners grew by $26,300 over the last twelve months alone. And in the Charleston Real Estate Market, many homeowner's equity grew even more than that in the last year...



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Charleston Real Estate Myth Busters

Tue, Mar 30th 2021 9:35 am by Shawn Pillion General

There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current Charleston real estate landscape. Here’s a little clarity when it comes to 5 common myths about the 2021 Charleston housing market. With these busted myths in hand, be sure to also work with a trusted real estate advisor so you can decipher local facts from fiction along the way.

Charleston Real Estate Myth Busters

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16 Jasper Street UNIT A
Charleston, SC

MLS# 21008207 - Residential

16 Jasper Street is newer construction (2012) in the Historic District of Charleston with King Street shopping, dining and entertainment a few blocks away. Come see it! This unattached home has a m...



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Charleston Real Estate Sellers Market

Tue, Mar 2nd 2021 10:06 am by Shawn Pillion Seller Info

Charleston Real Estate Sellers Stats

Some Highlights

  • Over the past year, homeowners in the Charleston Real Estate market have gained an unprecedented opportunity to sell with great success while buyer demand is soaring.
  • With homes selling twice as fast as they did last year at this time, getting multiple offers, and rising in price, homeowners are in the driver’s seat.
  • Call us today if you’re ready to learn about the leverage you have as a seller in the Charleston Real Estate housing market.


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    67 Barony Court
    Edisto Beach, SC

    MLS# 21005385 - Residential

    Panoramic views from this custom home in the gated Wyndham resort. This fine home is located on a quiet cul-de-sac with almost every room focused ...



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Charleston Real Estate - Bidding War Tips

Mon, Feb 15th 2021 10:32 am by Shawn Pillion Buyer Info

Charleston Real Estate Tips

Tip #1: Put your best offer in immediately. 
In this hot Charleston Real Estate market, sellers are less inclined to negotiate their asking price because, well, they don’t have to. There will be other buyers out there that will be more than willing to put in a higher offer.

Tip #2. In a bidding war, choose between the following:
Cash
Conventional (20% , 15% , 10% , 5% , 3%)
FHA 3.5%
Majority of the time, a seller is going to look for the highest down payment, so the higher your down payment, the chance you will be outbid are less. Cash is king especially in this Charleston Real Estate Market! Sellers are more likely to favor buyers who pay in cash. If using a low down payment loan option...



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In this Charleston Real Estate Market, Is It The Right Time To Sell?

Wed, Feb 3rd 2021 10:00 am by Shawn Pillion Seller Info

If you're on the fence about selling your house, now is a great time to take advantage of sky-high demand, low supply, and fierce buyer competition right now in the Charleston Real Estate market.

The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows.

Charleston Real Estate Inventory

As the map shows, buyer traffic in Charleston, SC is very strong, but seller traffic is low. With so few homes for sale right now, record-low inventory is creating a mismatch between supply and demand.

Sellers may not want to wait until spring t...



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Charleston Real Estate - Advice When Applying For A Mortgage

Wed, Jan 27th 2021 9:23 am by Shawn Pillion Buyer Info

Charleston Real Estate Advice

There are a few key things to avoid after applying for a mortgage to help make sure you still qualify for your loan at the closing table. In this competitive Charleston Real Estate Market, you definitely want the closing to go as smooth as possible. And with all the covid shutdowns, people are flocking south to Charleston so it's wise to be sure there are no surprises when it's time to close the deal.

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310 Longshore Street UNIT #628
Charleston, SC

MLS# 20033330 - Residential

New concrete and steel construction complete in 2021. Spacious 3 bedroom plus den with large out door space. Corner location affords lots of natural light.

View Listing Details

 



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Winning as a Buyer in Charleston's Sellers’ Market

Fri, Dec 11th 2020 2:16 pm by Shawn Pillion Buyer Info

Charleston Real Estate 2021


Will 2021 be a seller's market in Charleston? You can bet on it.


Buyers have to be ready to compete. Call the experts at ChuckTown Homes Real Estate to learn how to win in this market!

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170 Barn Hill Road
Ladson, SC

MLS# 21001645 - Residential

Welcome home to 170 Barnhill Road! Enjoy the tranquility of country living coupled with the convenience of living close to town. This wonderful 4 bedroom, 3 bath home is situated on nearly 2 acres and offers a main house with a private Mother-in-law suite, HUGE storage shed, lovely pergola and more! The versatility of this home is just one reason it's so appealing. For one, it can be used as described, confi...



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It Pays to Sell with a Real Estate Agent in Charleston!

Mon, Dec 7th 2020 11:53 am by Shawn Pillion Buyer Info

It Pays to Sell with ChuckTown Homes Real Estate

FSBO or hire the experts for your Charleston home sale? You need to talk to the listing experts at ChuckTown Homes Real Estate before pulling the trigger.

2020 has brought all kinds of changes to the Charleston market- for sure 2021 will be a new era for real estate sales in the Holy City. Don't go it alone!!!!



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Selling Your Charleston Home Is the Right Move, Right Now

Fri, Oct 23rd 2020 11:43 am by Shawn Pillion Buyer Info

Sell Your Charleston Home 2021

Demand from homebuyers has skyrocketed this year, which means today’s sellers are poised to win big.

Covid shutdowns have brought many buyers from large Northern cities to Charleston. Our market looks like a deal to them- and they have cash! This ideal moment in time to sell your house won’t last forever, though.


With more sellers coming to the Charleston market in the spring, waiting until next year means buyers will have more choices, so your home may not stand out from the crowd.


Reach out to the experts at ChuckTown Homes Real Estate today to discuss why now may be the right time to make a move on your terms.

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1718 P...



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Thinking of Moving?

Fri, Oct 9th 2020 9:26 am by Shawn Pillion Buyer Info

THINKING OF MOVING?

Moving to Charleston SC 2021

2020 has brought extremely low inventory levels to the Charleston SC real estate market.

It's very common for us to see 10 offers on one house house in 2020. Don't want to compete in

an escalating bidding situation? Want everything on your list to already be in the house?

Let us show you how to buy a new construction home in Charleston in 2021! Different

than buying a pre owned home? Sure! But don't worry the professional buyer representatives

at ChuckTown Homes Real Estate know every step of the way. Free-to-you professional

representation- It's what we do!

Find out why we are Dave Ramsey's most often trusted ELP in Charleston.

Charleston SC Dave Ramsey Real Estate ELP

Learn about all t...



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Should You Buy an Existing Charleston Home or New Construction?

Wed, Aug 26th 2020 11:13 am by Shawn Pillion Buyer Info

Should You Buy an Existing Home or New Construction?

Nexton- Summerville New Homes

Finding the right home to purchase today in Charleston is one of the biggest challenges for potential buyers. With so few homes for sale and construction of newly built homes ramping up, you may be wondering if you should consider new construction in your search process. It’s a great question to ask, and one to look at from the pros and cons of what it means to buy a new home versus an existing one. Here are a few things to consider when making the best decision for your family.

New Construction  


When buying a new home, you can often choose more energy-efficient options. New appliances, new windows, a new roof, etc. These can all he...



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House Hunting: Everything You Need to Know from Dave Ramsey

Wed, Jun 24th 2020 2:49 pm by Shawn Pillion Buyer Info

House Hunting: Everything You Need to Know

Dave Ramsey Real Estate ELP Charleston SC

So you’re ready to buy a house. If you think house hunting is like trying to find toilet paper during a pandemic, you’re not alone. Most buyers say finding the right home is the most challenging step of the home-buying process. But don’t let that get you down. If you strap in and stay focused, you’ll find the home of your dreams!

To keep calm during your home search, it helps to know that most buyers search for 10 weeks and view nine homes before they find the one they purchase. In the middle of all that, it can be easy to lose focus and forget what kind of house fits your budget and lifestyle. But our house hunting tips will show you exactly...



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How Interest Rates Can Impact Your Charleston Monthly Housing Payments

Tue, Mar 3rd 2020 10:41 am by Shawn Pillion Buyer Info

Spring in Charleston SC

Spring in Charleston is right around the corner, so flowers are starting to bloom, and many potential homebuyers are getting ready to step into the market. If you’re thinking of buying this season, here’s how mortgage interest rates are working in your favor.

Freddie Mac explains:

“If you’re in the market to buy a home, today’s average mortgage rates are something to celebrate compared to almost any year since 1971…

Mortgage rates change frequently. Over the last 45 years, they have ranged from a high of 18.63% (1981) to a low of 3.31% (2012). While it’s not likely that the average 30-year fixed mortgage rate will return to its record low, the current average rate of 3.45% is prett...



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The #1 Reason to List Your Charleston House Right Now

Wed, Feb 12th 2020 11:42 am by Shawn Pillion Buyer Info

The #1 Reason to List Your Charleston House Right Now

Nexton in Summerville

The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident there are two big stories impacting this year’s residential real estate market:

1. Buyer demand is already extremely strong
2. Housing supply is at a historically low level

Demand


ShowingTime is a firm that compiles data from property showings scheduled across the country. The latest ShowingTime Showing Index reveals how s...



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We like to use this real estate blog to post the latest Charleston SC real estate news, trends, and things that interest us. Please check back often for updates to local Charleston SC real estate happenings!

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