Market Update - 8/13/24
Hello, friends. It is August, and the sun is thankfully shining this week. We have been tremendously impacted in our county from the amount of rainfall and then the aftermath of Tropical Storm Debby. So my heartfelt sympathies for all of those that have been affected by this storm, but school is starting up and football is right around the corner from us. How does that impact our market here locally?
It's an interesting conversation, and the listing appointments that I've been going on the last few weeks have all been centered around two things. So I want to bring it to you of what my thoughts are. The question is, one is, is it a good time to sell? Well, here's my thoughts on that. In the south, we do put a lot of focus on football.
I know it sounds crazy. We talk about interest rates, we talk about inventory, and now I'm talking about football in the south. That's right. It does impact us. School starts up and football season starts, and it distracts a lot of buyers for the immediate few weeks.
But once that all kind of settles in, then buyer activity will kick back in. It will be okay. When is the best time to sell? Well, it's when you need to. When your motivation is the highest.
We can sell in any market. That's my message to you. There's pros and cons to selling and getting on the market now versus the spring. Now it's because inventory is lower. I don't like a lot of competition.
In the spring, we're going to likely face more competition. We don't know what interest rates are going to be. We can't forecast that in the future. So if now is the best time and you're motivated, whether it's due to family, work, health, whatever it is, let's have a quick conversation about what the market's doing in your area, and then you can make a decision. If it's a good time to sell.
That's myth number one. Busted. It is a good time to sell whenever the right time is for you.
Myth number two is I'm just going to wait and give a credit to the buyer for carpet painting upgrades like that. Guys, they don't want to do those tasks.
Do it now. Do it up front. It absolutely will bring you great return. Whether it's a wall that needs to be painted or the whole house. Whether it's a room that needs to have new carpet in it or the whole house, please, let's have a conversation about it.
Some of my contractors are willing to take payment at closing. So if the money is a factor I promise you we can work around that and get you the highest net gain in the shortest amount of time. If I can be of any assistance at all, whether buying, selling or investing in the Charleston market, reach out to me. Let's talk.
-Roni
That SC Real Estate Chick's Blog
