Wednesday, July 6, 2022 / by Sonya Reiselt
Beaufort SC June 2022 Real Estate Market Update
The real estate market is changing, but that doesn’t mean bad news for home sellers and buyers. The Beaufort real estate market is going strong, here’s what you need to know for both home selling and buying.
More home sellers are entering the market to take advantage of the incredible sale prices which have increased more than 20.8% year over year! It may take a little longer to sell your home as days on the market have increased to 34, this is still a very quick turnaround from listing to under contract. What is extremely important is to work with an experienced real estate professional to price your home appropriately. Pricing too high will deter potential buyers from taking a serious look at your home. Your agent will know exactly where to price your home for the area, neighborhood, comparable home sales, and condition of your home to bring in qualified buyers. Pricing your home appropriately will also put you in a great position for multiple offers and an increase in the sales price. Remember, preparing your home for the market is incredibly important, as you only have one chance at making a GREAT first impression! I work as a team with my home sellers every step of the way to ensure a smooth and successful sale.
Inventory was much lower in previous months, making it very difficult to find and secure the home of your dreams. With market changes and more sellers entering the market, you’ll have more options to choose from. This doesn’t mean you should wait if you find the right home. You’ll need to be ready to make a move. Make sure you are pre-approved, know what you’re willing to negotiate and what are the must-haves for your new home. While interest rates have risen, it's not a time to hesitate to buy. Rates are sure to go up even higher in the upcoming months, so securing your home and mortgage now will save you hundreds on monthly payments down the road. I work with great local lenders who will help you secure the right mortgage to meet your needs and work hand in hand with you through the process.
I’ve called the Beaufort area home since 1984 and know the beautiful history, culture, neighborhoods, and towns intimately. Real estate is my passion as is helping families find the best homes and communities to call HOME and helping them sell the homes they've built many memories in. If you are ready to make a move, let’s schedule a time to chat. Put my expertise to work for you.