Found 3 blog entries tagged as Lowcountry real estate.

Thinking about purchasing a home in 2022? The newest market predictions are rolling in:

 The leading demographic in 2022 is going to be millennials since many are approaching the prime age to become home buyers.

 Housing prices may climb anywhere from 14% to 3% in the next 12 months.

 Mortgage rates are expected to change from 2.98% to anywhere between 2.5% and 7.9%

 Forecasts for 2022 are still a bit unknown because there are still a lot of unknowns, including possible supply chain issues and how material inventory will be affected

At the end of the day, this news is quite confusing because of so many unknown factors.

However, one thing remains clear: take all predictions you see with a grain of salt because these past couple of years have been anomalies.

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An escalation clause is language inserted into a purchase offer for a home that's intended to make sure a buyer is the highest bidder. It's typically used when a buyer and their real estate agent strongly believe a house will receive multiple offers.

An escalation clause states that the buyer will pay a certain amount of money above the highest offer the seller receives. It generally includes a ceiling cap to make sure the buyer doesn't agree to pay more money than they can afford.

 

Learn more about escalation clauses and how they work.

What Is an Escalation Clause? 

An escalation clause improves the odds that a home buyer will submit the highest offer. It typically includes three parts:

  • Proof of an offer: Sellers can only use the…

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When inventory is low and eager buyers are driving prices up, how can a seller best strategize for a successful home sale--and avoid pitfalls?

Real estate sellers might think that a “hot” market means fast, easy money for their home. After all, a hot market means low inventory combined with lots of buyers looking for the perfect place. In many instances, a hot market does indeed mean a faster sale at or above asking price. However, there are some pitfalls that a house seller in a hot market needs to be aware of before watching the money roll in.

Get Your Home and Property Ready to Show

One of the “lucky” aspects of a hot market is that outdated or quirky homes sell more quickly than they otherwise would. As buyers become more and more…

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