Charleston Real Estate News October 2018
(843) 303-3423
Happy October,
It is SUPPOSED to be fall here in Charleston, but we are still having 90+ degree weather days.  What is going on?  Well, we did get very lucky and dodged Hurricane Florence so I probably shouldn't complain about the weather.  Our friends on the coast just north of us are still dealing with the aftermath of Flo.  Let's hope life gets somewhat back to normal for all those involved very soon!

Enough about the weather, let's talk about the real estate in Charleston.  It has S L O W E D down!  In fact, in Charleston County alone for the month of September there were over 900+ price reductions.  Yes, that was over 900!  Is it becoming a buyers market?  Is it finally evening out?  Is it because of the rising mortgage rates?  Is it weather related?  Is it because the Holidays are around the corner?  Is it a combination of a few or all of these?

On a more personal level, my dad celebrated his 80th birthday in September!  Wow!  it is awesome, but it sure makes me feel old :)  Is it true, 80 is the new 60 and the 40's are the new 20's?  I will leave that one right there.

As always, if I can help you or anyone you know in the real estate world, please don't hesitate to call, text or email me.  I am still available 7 days a week and almost 24 hours a day.

Kelly and The Competitive Agent Real Estate Team
Seven Home-Maintenance Projects to Complete This Fall

Many homeowners get overwhelmed trying to complete an entire autumn to-do list in a single weekend. Give yourself time to get ready for the upcoming season, designating a few tasks per weekend. Here are some great projects to get started on now: 

1. Create a Landing Zone for Muddy Shoes. Wet weather in fall and winter means people... Read More
High Prices Are Discouraging
Home Buyers

For the past 77 months in a row, existing-home prices have increased year over year. What's more, the median home price in July was up 4.5 percent from last year. While good news for homeowners selling their houses, it's bad news for purchasers, as the price increase led to a decline in buyer demand. As a result, existing-home sales slipped to the slowest pace on record since February 2016. Sales reached... Read More
Organize and Decorate Your
Home for the Season

Good organization makes life flow and is also good for the soul. You might have done spring cleaning earlier in the year, but fall is another ideal time to give your home a tune-up. 

As you begin thinking about the upcoming holidays, you might find yourself sifting through cupboards for fall décor, dinner dishes, and silverware. Get a head start on your organizing by using... Read More
What Does Your Home Color Reveal about You?

A home's curb appeal leaves a powerful first impression. Yet, according to the recent poll conducted by Ply Gem Building Products, only half of homeowners say their home's exterior reflects their personality. This is an especially surprising statistic since 81 percent of Americans say the exterior of a home shapes their view of the homeowner. 

With countless material options and accents like shutters and trim, there are several ways to add color to your home. Replacing old siding with vinyl siding tends to be a popular approach because it can improve the look... Read More
Four Things to Know about the Down Payment on an FHA Insured Loan

While most conventional mortgages require an average 20 percent down, homeowners can secure a Federal Housing Administration (FHA) insured loan with as little as 3.5 percent down. Before you rush to apply, though, there’s a catch. All FHA borrowers have to pay mortgage protection insurance, which can ramp up the overall cost of the loan. 

1. Most FHA Loans Need Only 3.5 Percent Down. The minimum down payment for an FHA-insured loan is only 3.5 percent. This makes it a good alternative for borrowers who cannot afford the 5–20 percent down payment required by most conventional loans. You don't need stellar... Read More
Kelly Percy Esquibel  -  (843) 303-3423 Charleston Real Estate News  -  October 2018 

Kelly Percy Esquibel, The Boulevard Company, 35 Broad Street , Charleston SC 29401
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The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice.
If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.
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