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MOVING IN THE RIGHT DIRECTION - The Charleston Real Estate Market

Here are some quick statistics to think about:

For the Charleston Metro Area:

Active (Current) Inventory has dropped from 11,156 in August 2008 to 8,265 today (26% drop)! Of these, 2,053  are under contract (ONE OUT OF FOUR HOMES WITH A "FOR SALE" SIGN IS UNDER CONTRACT!) 

For Mount Pleasant:

Active (Current) Inventory has dropped from 2,053 in July of 2007, to 1,053 today (49% drop!). Of these, 323 are under contract (ONE OUT OF THREE HOMES WITH A "FOR SALE" SIGN IS UNDER CONTRACT!)

Venture to predict when prices will start climbing again?

Which market will lead the Charleston Area out of the correction? 

The writi...

A teacher was reading the story of the Three Little Pigs to her class.

She came to the part of the story where first pig was trying to gather the building materials for his home.

She read. 'And so the pig went up to the man with the wheelbarrow full of straw and said: 'Pardon me sir, but may I have some of that straw to build my house?'

The teacher paused then asked the class: 'And what do you think the man said?'

One little boy raised his hand and said very matter-of-factly...

'I think the man would have said - 'I'll be darned!! A talking pig!!!'...

The teacher had to leave the room.

SAVE BIG on REOs!!

RealtyTrac reported today that Bank-owned home buyers saved an average of 36 percent in 2010:

"More than 500,000 buyers purchased a bank-owned home in 2010, down from 750,000 REO buyers in 2009. But 2010 REO buyers got better deals than 2009 buyers - paying an average sales price that was 36 percent below the average sales price of non-foreclosure properties. That was up from an average discount of 33 percent in 2009 and 28 percent in 2008, and buyers in some states saved more than 50 percent on average in 2010..."

Check out a list of foreclosed & distressed homes

Want to save BIG? Call us today 843-416-1434.

Cramped Quarters? Still Renting? Invest Your TAX REFUND Smartly!

This is the time of the year when most employed people file their taxes and may receive a refund from Uncle Sam. For many people, this refund just goes into their general bank account, and before they know, it's gone (again!).

IF YOU ARE RENTING: A wiser investment would be to look at purchasing a home using your refund as downpayment. Consider the current situation:

• Prices are low, and there are GREAT DEALS out there...
• Mortgage interest rates are VERY LOW and most probably will start climbing up when higher inflation hits us (have you seen the price of gas lately?)
• If you buy a primary residence, next year Uncle Sam...