The economic downturn is marked by the softening of the real estate market here in the United States. Sad, but true. Yet, it has turned the table and opened up the chance for many Americans who have pristine credit and have the money to put down for a primary home, vacation home or an investment property.
There’s a glut of property listings all over the country and Charleston real estate is not an exception. I should know, we were looking into it a couple of months ago. This move was sparked by a fellow of my husband at work who was looking to sell his investment property (located in the Carolina) to us as he was being relocated.
Flipping through many property listings online gave us the idea of what was out there in the market for comparison purposes. Online sites are of definite help when doing any search for real estate. I must admit that after thorough comparison of what was being offered to us and what was out there in the open market, my husband and I came into a conclusion that we didn’t have to settle for it only because of the merit of the seller’s association with my husband. While the property is awesome, pristine, located in a prime area and priced well to sell, it is a modular home. It didn’t help that at the time that we were negotiating, the infamous Hurricane Irene devastated the coast. Admittedly, my husband and I had cold feet and that was it.
A vacation home is definitely on our agenda and for the sheer beauty of South Carolina, the state is on our list of possible locations. The acquisition may not happen now, but I’m sure that if and when an extraordinary opportunity knocks, that cold feet will quickly dissipate.