I just wanted to mention to all of you first-time homebuyers out there and others looking to take advantage of the tax credit. While there still is a little time left (59 days to get something under contract), I’m noticing something expected. A lot of the good homes are now being scooped up at an extraordinary rate. I was showing property to some first time homebuyers in Dunes West in Mount Pleasant, and in a couple of houses we saw other agents with buyers looking at the same houses we were. That hasn’t happened (like this) to me in quite some time. This is especially true in the $175-225K price range. A lot of the inventory of homes is being absorbed. Soon, the “stale bread” will be all that’s left. Make sure that if you want to take advantage of the Tax Credit, you make your move now. Short Sales are probably too late. The good homes are being snatched up. If you want to find a great house at a competitive price, with some of the lowest interest rates in years, you better make your move (pun intended)!
- A contract must be ratified by April 30th
- Closing must occur on or before June 30th
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Mike Ciucci specializes in the Charleston SC real estate market. He has been a Charleston realtor for over 15 years, focusing on quality and attention to detail his clients have come to expect.