15 June 2010

Buried Treasure in Charleston Real Estate Market...For REAL!

If I told you that there was buried treasure in Charleston, SC would you be interested? I'm not talking about Blackbeard's treasure, but something more along the lines of "One Man's Trash is another man's treasure" treasure. In either scenario the key to finding treasure is timing. That is to say that you can't rightfully find a buried treasure until after it's buried, right? We'll here in Charleston, timing is the key to finding this buried treasure. For example, have you seen what $150k can get you? I feel like a pirate just talking about it. The housing market in Charleston at the moment can be described in one word-opportunity.

Its a fact that the critical element of any opportunity is timing. Right now is the absolute perfect time to enter the SC real estate market. The reasons are super simple.

1.) Mortgage rates are at the lowest point since the 1960's
2.) Housing prices are very low, and in many cases, undervalued
3.) There is currently a Federal Tax Incentive for first-time homebuyers
4.) Property Taxes in SC are 1/3 of the national average


When you think about it, these factors add up to created a buried treasure. Every single one of these elements have a time factor associated with them, but RIGHT AT THIS MOMENT all of these factors and leaning in your favor. Inflationary pressure will eventually push interest rates up and the 2009 Housing Credit will eventually expire, but savvy consumers who have been looking for a super real estate buy will be able to cash in on this opportunity.

Who buried the Treasure?
Not the pirates that's for sure. We all buried it while under the strain of financial pressures over the past couple of years. Now it is time to DIG IT UP! If you are looking for buried treasure in South Carolina, call Jimbo Thompson-he has a shovel with your name on it.

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