LEXINGTON, SC AND CHARLESTON, SC!...| WHY SELL YOUR HOME NOW?

Currently, the real estate market is undergoing a significant shift, and this actually presents many opportunities for those considering selling their homes. Various factors such as , high buyer demand, and the shift towards remote work suggest that now may be the perfect time to put your property on the market.

Let's delve deeper into the data and explore the positive reasons why it's a prime time to sell your home.

1. High Demand from Buyers:

One of the key indicators of a strong sellers' market is the high demand from buyers. Currently, many individuals are eager to move from other states to SC where the economy and the cost of living is much better then other parts of the U.S. Not to mention, changes in family needs and schools offered in the area has enabled people to move out of specifically zoned neighborhoods. This is driving an increase in home buying activity, which in turn, is pushing property prices upward. Data suggests that this trend is likely to continue, with more buyers in the market than the available properties.

2. Low Housing Inventory:

Across the nation, housing inventory is lower than it has been in decades. This shortage of available homes for sale has created a competitive environment where multiple offers and bidding wars have become commonplace. Consequently, this has given rise to a sellers' market where homeowners can potentially sell their properties at premium prices.

3. Rising Home Prices:

As a result of the low supply and high demand, home prices have been on the rise. According to recent data from the National Association of Realtors, the median existing-home price in July 2021 was $359,900, up a whopping 17.8% from July 2020. With prices projected to keep climbing, selling now could yield a higher return on your investment.

4. Family Relocation and changes in the availability of Charter Schools:

Charter schools are known for offering alternatives to traditional public schools, and they often attract families who are seeking better educational opportunities for their children. When charter schools are highly rated or have a good reputation, families may be more likely to move to areas served by these schools, which can drive up the demand for housing in those areas. Families specifically living in areas to fall under specific school zones prior to the Charter School coming; now have the opportunity to move to a different area that is not determined by the school zone. This leads to major shifts in the housing market due to demand. 

5. The Shift to Remote Work:

The ongoing pandemic has changed how we live and work, with many companies adopting permanent remote work policies. This shift has freed up many people from having to live near their workplaces. As a result, there is increased demand in the housing market as these newly remote workers look for homes that better fit their new lifestyles. If your home has a home office or is in a desirable location, selling now could be particularly beneficial.

Despite these compelling reasons, the decision to sell your home is a big one and should not be taken lightly. It's advisable to consult with a real estate professional who can provide you with detailed information about your local market and help you navigate the selling process.

In conclusion, current market conditions present several advantages for homeowners looking to sell. High buyer demand, low housing inventory, changes in the opportunity for different type of schools, rising home prices, and the shift to remote work have created an environment where sellers can potentially achieve a higher sale price for their properties. If you're contemplating selling your home, now might be the opportune time to make your move.