Charleston Real Estate Market Blog

do open houses actually sell a home

There’s a common misconception among sellers that their listing agent should hold an open house in order to sell their home. One study by RISMedia showed that 35 percent of sellers expect their Realtor to include open houses in their marketing plan. RISMedia also found that less than 2 percent of homes sell as a direct result of an open house. Even the National Association of Realtors said in a recent Profile of Home Buyers and Sellers that with over 90 percent of home buyers starting their search on the internet, buyers don’t have the need to go in as many houses as they used to.

The truth is that an open house rarely sells a listing. In fact, in our 13+ years of working as Realtors, we have never seen an open house result in a sale. Not even

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build an addition or buy a different home

After owners have lived in a home for several years, they often realize that they’ve filled up the space quite well – perhaps more than they expected when they first bought the home. Like a hermit crab who grows to fit the size of his shell, homeowners often question whether an addition is the solution or whether they should find a different home altogether.

For homeowners who have completely outgrown their home, the only solution is usually to move up to a larger home. This will require selling your current home and buying a new one. If you’re trying to decide whether you should build an addition or move altogether, we’ve included some talking points below that should help you decide which option is better!

Will the home addition actually solve

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diy home projects with shiplap

Shiplap is one of the biggest new construction home trends we’re seeing right now. It’s become the modern day version of wainscoting or bead board, and we’re finding this finish on walls, ceilings, fireplaces, and cabinetry. In a coastal real estate market like Charleston, South Carolina, shiplap can brighten a home and make it feel more open and airy. Despite its bright, white color, shiplap is surprisingly easy to keep clean since the glossy finish makes it wipe-able with a mild cleaner.

Whether you’re looking to spruce up your home or update the home you’re planning to purchase, here are 5 popular trends we’ve seen with shiplap. Depending on the project you choose, this can be an affordable DIY improvement since it’s solely cosmetic. Tip: a

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charleston sc new construction homes

As Charleston Realtors who specialize in new construction, we get questions daily from home buyers about the building process. Most buyers who consider new construction are in the $300-600K price point because there are very few options in Charleston County below this range. Below you’ll see some of the most frequently asked questions we get from these home buyers, regardless of the Charleston area they’re considering.

What are the Best Selling New Construction Communities in Charleston?

In Mt. Pleasant, the best options and the most popular communities tend to be Carolina Park, Oyster Point, Dunes West, and Tupelo (the latter is almost sold out because it’s the most affordable in this list). James Island has been mostly developed already, so it

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credit score programs for home buyers

A home buyer’s credit score helps determine the down payment she’ll make at closing, her buying power (how much she qualifies for), the Private Mortgage Insurance (PMI) premium, interest rate, and the overall monthly mortgage payment. Because credit affects so many aspects of the lending process, every home buyer should care about her credit. It’s amazing how even a 20 or 40 point increase can change the affordability of the home you purchase when the price of the home stays the same. For buyers who can push their credit score over the 680 milestone, we see a substantial improvement in their mortgage options.

I’d like to make very clear that not all credit enhancement programs are trustworthy or effective. In fact, I think probably only a small

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should I sell or buy a home first

Unless you’re a first time home buyer, chances are that you’ll want to sell your current home before buying a new one. Even buyers who can afford to pay two mortgages at once (and can get lender qualification for two loans) don’t want the burden of double mortgage payments. In an effort to avoid this double mortgage dilemma, many buyers assume that they should go ahead and list their current home and wait for it to go under contract before finding the next home to purchase. Theoretically, this plan makes perfect sense. However, in markets like Charleston South Carolina, this strategy will more than likely put you in a tougher position. Here’s why.

It’s Easier to Sell a Home Than to Buy One

In my 13+ years of real estate, I’ve never seen a

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charleston areas with the best public schools

If appreciation and resale value are important factors in your next home purchase, you should certainly compare the public schools for the areas that you’re considering. We’ve talked before on our blog about how public schools affect real estate values, and this trend should matter whether or not you have school aged children. In short, homes that are zoned for better public schools tend to perform better as real estate investments.

So where are the best public schools in Charleston? Let’s first take a look at neighborhood schools which don’t require applications or waiting lists. Students gain admission to these schools simply by living in a neighborhood zoned for automatic entry.

Mount Pleasant, James Island, and Summerville are Zoned for the

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infographic check list to sellers to get their home ready for showings

Why do some homes sell quickly while others sit on the market for months, even in a strong sellers’ market? Price, location, and schools certainly affect resale, but showability is also a huge factor. Homes that appear clean and well maintained stand out to buyers – both in photos online and in person during showings.

Some studies have revealed that buyers decide within the first two minutes of a showing whether or not they’re going to make an offer to purchase. For sellers, this means that first impressions count. If you want to sell your home quickly for the highest amount possible, use our check list to make sure your listing makes a great first impression. The good news is that most of these check list items are free or inexpensive. Cleaning,

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advice from an experienced charleston realtor

So, you want to be a real estate agent? Markets around the country are performing so strongly that we’re seeing a wave of new agents who are just starting out their real estate careers. The Charleston real estate market is no exception, and our office sees new agent faces monthly. You’ll find entire classes and webinars dedicated to these topics for good reason:

  • Social media marketing
  • Keeping in touch with your Sphere of Influence (sometimes called SOI)
  • Listing presentations
  • Creating a positive mindset
  • Ninja Selling

These subjects are crucial for starting a successful real estate career. However, the best advice I can give to new agents is to NOT be a salesman.

Don’t Be a Salesman

Nobody likes a salesman, saleswoman, or

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earn income from my folly beach vacation rental home

Folly Beach is one of the best areas of Charleston for vacation rentals. Known for its laid back style and colorful atmosphere, Folly Beach is one of South Carolina’s most popular beaches. Visitors flock from all over the country to walk its pier, eat at its local restaurants and bars, photograph the Morris Island lighthouse, surf in its competitions, and relax on its 6 miles of oceanfront.

If you’d like to earn income from your Folly Beach home, you should consider placing it on a local rental program. Folly’s popularity and rentability make it ideal for generating income, and you can still enjoy using the home during weeks that you’re in town. Renting out your vacation home can be a fantastic way to:

  • Help cover the costs of insurance,
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