Is winter the best time to sell a house in Charleston?
Posted by Mike Ciucci on
So 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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When 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?
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Chances are, if you're living anywhere near the coastline of Charleston, South Carolina, then you're paying for flood insurance due to the the fact that Charleston's elevation is just above sea level. If you're financing your home, then your lender would have required it at closing when you purchased. However, if you paid cash or if your house is in flood zone x, then it wouldn't be required. See more on Charleston flood zones.
5. Be fully ready and committed before you decide to sell. The worst thing you can do is have a house that's not ready. Be it not clean yet, or "We just need to replace the carpets soon", or "We'll do the landscaping early next week"- the house should be in show condition. The most important buyers will be the one's looking first. A new house on the market has an 'excitability' factor to it. People love the newest and freshest. A lot of times, these buyers have looked, know the market, and have seen the current houses on the market. When they see yours, it should be the "finished product". It's probably your most expensive asset, treat it as such!