Blog > How to make money in the Charleston Real Estate Market Part II
Stop LOOKING and BUY!
You can’t start building equity until you own something. You can’t sit on the fence with real estate. You have to jump in and get started! It doesn’t have to be your dream house. You can work your way up to that.
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On the other hand, if you bought 6 months ago you most likely have already built equity! If you bought longer than 6 months ago you should request a home evaluation from me.
If your mortgage is paid off (Congratulations!) it’s time to pass the house down to a family member or SELL IT and downsize. You may not realize how much money you’re sitting on by not selling. What would you do with $50 or $100,000 dollars? How about with $200 or $300,000? These are serious increases in the value of homes in and around Charleston.
Perhaps you want to buy an income producing property ie: rental, vacation etc.
If you don’t own stock in the stock market you should definitely buy a home, condo, or land.
It’s an investment. You don’t have to stay in your first home forever.
Let’s get together NO Cost, NO Obligation, on the phone or in person to discuss your scenario. You can also email me at donna.andreano@ agentownedrealty.com