The time to buy in the Charleston metropolitan is now! Why? Inventory is up, and interest rates are going down. This is the perfect mixture for a buyer's market.
New home construction and resale are competing for your business. New homes are "giving the farm away" at most places, offering great deals and free upgrades up to $40,000. In turn, resale home owners are dropping their prices, paying closing costs for the buyer, and adding incentives such as home warranties to entice the buyer.
On top of this, the Federal Reserve has decided to drop interest rates this week in hopes of stirring the economy. Rates were cut by .5%. MarketWatch reported that, "This is the first cut in the federal funds target rate since June 2003. The funds rate is at its lowest level since May 2006." These rates may not last long as the inevitable fears of inflation will most likely soon follow such a drastic cut in rates.
If your even remotely interested in buying a home in the Charleston, SC metro., give me a call. I can walk you through the entire process.
If you have a home anywhere in the Charleston Metro Area and would like to get more information about selling your home, please contact me for a free home evaluation.
I also work with buyers. If you are interested in more information about buying a home please contact me and I would be glad to meet with you or email you a list of homes.
Michael J. Johnson, Realtor, ABR
843-817-5299
michaeljohnson@carolinaone.com
"Providing the Light to Guide You Home"
