Charleston SC Blog

Check out this new Single-family property that I just posted on my Web site. It is at 136 Decatur Dr in Summerville. This Single-family property has 3 bedrooms and 2 baths. This is the popular single story Chesapeake plan with the optional study (or 4th bedroom). You will enjoy comfortable living space in the well laid out 1,733 square feet. Among the highlights of this bright and airy home is the large, open family room with vaulted ceilings, hardwood floors, an over-sized kitchen with casual dining area, plus a generous owner’s suite featuring trey ceiling, walk-in closet and a deluxe bath with garden tub, separate shower and double bowl sinks. This home includes the large double-door study off the family room. Enjoy the pond view from the screen porch. The community hiking trail to the nearby amenity center is accessed from the lot and you can be swimming in minutes. Cane Bay Plantation is a planned community that includes a full school system with Cane Bay High School and elementary school and the new middle school that is now under construction. The walking/bike trails, ponds, sidewalks etc. The community has ponds, trails, play park, pool and pavilion. .

Check out this new Single-family property that I just posted on my Web site. It is at 424 Farrow Court in Moncks Corner. This Single-family property has 3 bedrooms and 2 baths. FABULOUS FOXBANK PLANTATION! This “Rosehill” floor plan is a charming bungalow style home with great curb appeal. The well landscaped home is located on a unique cul-de-sac and the home backs up to the wet lands. The detached garage, screened porch and wooded area makes for a great backyard space! If you want a move in ready home you need to see this one. Hardwood floors in the living room, dining room, kitchen, and the second bedroom, with a beautiful fireplace to complement the living room. Enjoy the outdoors and the southern evenings from your screened in back porch. This house plan flows great and has several features including smooth ceilings, storage, full front porch, tiled baths, built in microwave, and an up stairs master bedroom with nice sitting area! Foxbank Plantation is a very well-planned lake community with so much more to come in the future. The beautiful 68 acre lake is the ‘center of attention’! wonderful planned amenities. This home will not last long at this price!!!!!
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Check out this new Single-family property that I just posted on my Web site. It is at 543 Rosings Lane in Summerville. This Single-family property has 4 bedrooms and 2 baths. Carriage Lane is a nice development located near the Summerville I-26 Exit and close to a major shopping area and restaurants. Home is the popular Browning floor plan and features a nice architectural style with brick accent. Many upgrades includes custom painting, hardwood floors in foyer and family room, ceramic tile in kitchen and all baths, wood burning fireplace, high open ceiling in family room, trey ceiling in the master bedroom, luxury master bath w/Jetted tub & sep shower, dual vanity, elongated toilet bowl, recessed lighting, ceiling fans in master and family room, smooth top range, built-in microwave, insulated and wind loaded garage door with garage door opener and key pad, wired for surround sound, solid surface counter tops, plantation blinds, upgraded kitchen cabinets. **Fourth bedroom is the finished room over the garage. All other bedrooms wired for ceiling fans .

Check out this new Single-family property that I just posted on my Web site. It is at 104 Davidjohn Ct. in Goose Creek. This Single-family property has 4 bedrooms and 2 baths. To see is to buy! .

Check out this new Single-family property that I just posted on my Web site. It is at 925 Groomstown Road in Cross. This Single-family property has 4 bedrooms and 2 baths.

From  2003 to late 2006 we had a full fledged booming sellers market. Sellers were in control and price negotiations were almost non-existing. Home prices were escalating and many sellers would place a property on the market and have multiple offers as fast as  the home  could be shown. It was not unusual for out of state buyers to buy sight unseen. Buyers were excited  and  flocking to make competing offers. Many times offers  exceeded the asking price and  sellers would not consider contingencies. Sellers would laugh at offers asking for  seller paid incentives. If buyers wanted closing costs they could add the cost  to the purchase price.  Builders could not keep up with the demand and we had a build it and they will come mentality. Buyers were buying in droves and competing for  homes  at top prices in a full blown sellers market!

Today we have a full  blown “buyers market”. A market that buyers could only dream about a few years ago. Prices have been dropping for nearly two years. Good deals can be made and we  have the best inventory to choose from in years.  Mortgage interest rates are at a historical low. But wait, something is wrong! Qualified buyers are simply not buying now. How can that be? Anyone that has invested in the stock market knows you buy on the low side.  We all know that  you cannot time the perfect low point before an upward swing. It is just smart business to  get in  on the low side before the rebound.

We are  well into the  low side and now is the time for qualified buyers to buy!  Real estate will usually follow an approximate  three year seller to buyers market cycle. Buyers desiring home-ownership should  consider the following:

• Will I owner occupy the home for at least three years.
• Will my income to debt ratio qualify me for a normal rate loan?
• Is my employment reasonably secure?
• What total monthly payment do I feel comfortable with?
• Could I use the tax deduction for home ownership?
• What am I waiting for, prices to climb again or a higher interest rate?
• Do I really want to wait for the price and rates to shift upward?

Simultaneously both buyers and sellers will realize  the next  shift upward. At that time thousands of pent up buyers that have straddled the fence will flock to the market. The rush to beat the climbing prices will  create the herd mentality again. The best of the best homes will have competing buyers. Sellers will see the advantage  shifting to them  and negotiate less. The Fed eventually will raise interest rates again. Will you miss selecting the best home at the best price with the best ever interest rate perhaps in your lifetime?

Ron Henderson, CRS

Certified Residential Specialist

As a Crowfield Plantation  home owner  from the early developments days, I wanted to generate a general communication resource for Crowfield residents. So  my new http://www.CrowfieldBlog.com Blog set to launch Feburary 5th is presented by  Ron Henderson and The Charleston Expert Team! This is a place  Crowfield people  can talk about your neighborhood, our schools, local events, problems, suggestions or general topics. We can hold discussions and share funny Crowfield stories. I hope to offer a few other neighborhood blogs over the next several months.

Welcome to My Charleston SC Blog! This blog will provide you with valuable information, tips, and general insight into the real estate market, happenings, employment, industry announcements, new neighborhhoods and fun things  in Charleston, Goose Creek, Summerville, Mt. Pleasant, North Charleston, Moncks Corner, Daniel Island, James Island, Folly Beach, West Ashley and the U.S. Coast Guard Base, Navy Weapons Station and  Charleston AFB. Visit my website at http://carolinarealestate.com  and return to  http://www.CharlestonSCblog.com again soon.