Information pertaining to selling a home in Charleston, SC.

Bitcoin for real estate?What Bitcoin Is

First of all- what is bitcoin?  I mean, you may have heard about it, but what’s all the fuss?

Bitcoin was invented by someone or a group of people that wish to remain anonymous.  They wrote the code for bitcoin, implemented it, and then walked away.  It has been running almost untouched for just over a decade (since 2009, created by the alias Satoshi Nakamoto).

The beautiful thing about bitcoin is that it is a digital way to transact with someone (send or receive money) without there being an intermediary (bank) that takes a slice of your pie. So someone gets all of the intended money without a 3% (or higher) credit card, PayPal, Zelle, or bank fee.  It costs fractions less to send money, and you can send it across the world,…

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Our new Charleston Real Estate Website!After our first website launch in 2009 here at BuyingCharlestonRealEstate, we've had many different websites/looks over the years.  I'm proud to say I believe this one should be the best for all of those looking to buy or sell a house here in Charleston.

We've added a number of different features for those looking at houses or land, and also have a great sections for those that want to SELL their house in Charleston.  With so much competition now (we were actually one of the top 3 websites in Charleston before Zillow and the big ones came along), we have to constantly change things up to ensure you have the latest technology and tools available at your fingertips.

A few of my favorite items:

  • Communities/Areas Page - Shows the communities…

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Exhausted real estate buyerWhat an incredible whirlwind the Charleston real estate market has been lately.  Little home inventory on the market, multiple buyers, sellers calling the shots- all of it...loved by sellers, but hated by buyers.  Well I think it's finally time to let you know that...

BUYERS ARE NO LONGER GOING TO TAKE IT.

We are actually seeing a change in the market from as early as 6 weeks ago.  You see, we've been in a sellers market since the onset of Covid.  No surprise there.  And because Covid has hit us so hard- sellers were not showing houses in the spring of 2020.  So there was a lack of available homes for a large portion of 2020.  Not to mention that after Covid- folks from NYC, Ohio, and California were all leaving large cities and coming to…

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We just got a real estate contract!Congratulation on your purchase contract! A job well done on being masters of HGTV staging, landscaping pros, and social media sellers. It is now time to relax and coast to closing. Right?

A lot of buyers and sellers feel it's now okay to ease up, and all that's needed is paperwork for the lender, and frequent communication from your realtor that everything is rolling smoothly. But as any realtor will tell you- now is when the difficulty or success begins (it's all how you look at it).

Whether you're a seller or a buyer, there are a number of items that need to fall into place in order to have a smooth, successful closing.  But what are those items?  I've come up with a list that I've used over the years here in Charleston that I hope you'll find…

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Bill Murray Always KnowsIf you would have told me last year that the entire world would be shutting down due to a virus in 2020- I would have said you are either delusional, or I would have feared some sort of doomsday apocalypse (or both).  And yet, here we are.

Now that we are past the initial phase/stage of infection, and on to the second stage- let's take a look at where we stand in all of this with Covid 19.

Many of you are wondering how Coronavirus will affect buying or selling a home in this Charleston real estate market.  Short term- things are humming along, and have been.  We are doing much more online marketing, online virtual showings, and of course plenty of online meetings.  It is still an absolute sellers market right now with a low number of available homes…

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So we're in the news again! This time it's national news on CBS. South Carolina and more specifically- Charleston, is booming right now.  We are enjoying some of the lowest unemployment rates in the Country! A wonderful climate, plenty of job opportunities, large companies moving to the area, and massive changes in Charleston's infrastructure shows dramatic growth for our Tri-County area.

Take a look at this quick video on how Charleston is truly starting to take shape with the Port of Charleston, and the many large companies setting up shop here. There are still plenty of opportunities to find an investment to double (yes, double) your money within 10-15 years. Make the down payment on rental house (10%), have the renters pay the note down…

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"Hey Mike, how's the market been lately?"  I get this question asked almost every day I encounter someone I know out in public. I can equivocally say without a doubt, that "It depends". It depends on which micro-market you're referring to in Charleston, and whether you are a seller, or a buyer.

Hello all, I'd like to post a quick update on our real estate market here in beautiful Charleston, South Carolina. We are seeing some changes, and there are talks of the market cooling off, and I wanted to respond to that.

The real estate market has been on fire for a number of years in Charleston. Year-over-year of increased home values and closings. A low inventory of homes on the market, which equates to less choices for buyers, which increases demand, and…

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Selling your house in Charleston? You have 1 shot to get it right

Selling a Charleston HouseLooking to sell your house on your own, or looking specifically for a Charleston Realtor?  Regardless of which path you are going to take, you need to have an exceptional plan in place, in order to sell your house.

  • Who are you going to hire?
  • What's your timeframe?
  • What kind of marketing will be done?
  • How are you going to stand above all the house-for-sale "noise"?

What I'm going to write about today is only ONE POINT in marketing your house.  And that is, marketing your house online PRIOR to getting the house on the market.  Yes- that's the magic pill.  The pill not taken certainly by MOST realtors.  Why?  I honestly don't know.  It is such a large mistake.  I…

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Rainbow Row, Charleston in winter. courtesy Catherine Ann PhotographySo you are thinking of selling your house, but don't know when the best time to sell might be.  You hear it often from realtors or friends at dinner parties- that "Spring is the best!" or, "Summer is red hot".  Sure, those could be the best selling times, but you have plenty of other options, that might even be better than those times, and here's why.

Most of the time, there are other factors and circumstances that surround your decision making regarding selling.  Whether is is a new job, a relocation associated with a job change, an end of a rental lease, etc.  Even if you could time it for the best month (April?), you may not even have the ability to do so.

In light of this, here's my argument why the winter might be the best time to sell for…

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Due diligence in South CarolinaWhen you make an offer on a home in Charleston- or even South Carolina, there are different contingencies that should be apart of any real estate contract.  Typical contingencies such as a home-sale, financing, appraisal, and inspection contingencies.  So what about due diligence, where does that fit in?

Regarding the home inspection contingency in paragraph 8 of the South Carolina contract, you typically can go one of two ways.  Either a Repair Procedure, or a Due Diligence Addendum.

The repair procedure spells out how long you have to complete any home inspections, but it specifically states in the contract which items are to be addressed.  Typically, these are major home items/systems such as Heating & Air systems, plumbing, electrical systems,…

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