Blog > How to Make Money in the Charleston Real Estate Market Part I
The Charleston Real Estate Market is, IMO, better than the stock market right now. Home prices are increasing as we speak. If you’re willing to move around a little…buy and sell, buy and rent it out it’s worth it. And it doesn’t matter if you’ve been in your home for 30 years and don’t have a mortgage or if you purchased just last year or 6 months ago for that matter.
My husband and I have been in Charleston for twelve years and have owned 5 homes. Follow me here…After a while, we rented out our first home and the rental income paid the mortgage on the second home we wanted to purchase. The second home was sold for a profit that was enough for the downpayment on our next home. That home gained so much equity we were able to sell it and buy a new build single-family house and a condo for less than the price of the home we sold.
Ok, it comes with a small price to pay…you have to pack and move all your stuff…every time. And with the world being the way it is with delays on appliances, cars, furniture, etc. You may have to live like us for a bit until the furniture you ordered comes in.
I’d love to sit down and discuss your options with you! (Oh, we'll have to meet at my office or at a home you may be interested in...I just remembered I don't have furniture yet!) And trust me, there are homes to be found. Don’t fall for the ‘where will I go’ line. Call, text, or email me today and we’ll get you started building wealth, and gaining equity!