Beaufort Office Ribbon Cutting

Charter One Realty has expanded its footprint in Beaufort, SC, with a move into a completely renovated space located in the Historic Downtown District. In March of 2021, after nearly doubling the number of agents in the Beaufort area, the brokerage announced its move to a larger office space to support the rapid growth of the business in the Beaufort Market.

The brand new Charter One Realty Beaufort office is now officially open after a ribbon-cutting celebration on July 22nd. Our stunning new office in the heart of Downtown Beaufort offers a welcoming, state-of-the-art location for our seasoned agents to best serve the local community. 

Did you know this office, located in a historic building at 203A Carteret Street between Bay and Port…

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What Does Being in a Sellers’ Market Mean? | MyKCM

 

Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house?

It starts with the number of houses available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for active buyers (see graph below):

 

When the supply of houses for sale is as low as it is right now,…

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Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand | MyKCM

 

One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity.

However, demand isn’t the real issue. Instead, it’s the lack of supply (homes available for sale). An article from the Wall Street Journal shows this is true for new home construction:

Home builders have sold more homes than they can build. Now they are limiting their sales in an effort to catch up.”

The article quotes David Auld, CEO of D.R. Horton Inc. (the largest homebuilder by volume in the United States since 2002), explaining how they don’t have enough…

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This summer feels hotter than ever and your plants are likely showing signs of overheating! If you’re as ready for Fall as we are, you are in the right place. It’s time to prepare our gardens for the new season, so we’ve gathered fall gardening tips to get your space in tip-top shape! 

A new season is all about planning. If your family has a lot of travel plans scheduled, or you’re busy at work planning 2022, you might need to simplify and consider an easy-to-maintain fall garden. 

For those who want to get their hands dirty frequently, now is the time to plan what you want to harvest from your own yard. Always be sure to check the specific hardiness zone for your home, then get started planning and planting! 

Fall is all about creating depth.…

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The Best Use of Time (and Money) When It Comes to Renovations | MyKCM

 

In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling.

Here are some considerations a professional will guide you through:

1. With current supply challenges, buyers may be willing to take on projects of their own.

A more balanced market typically sees a 6-month supply of homes for sale. Above that, and we’re in a buyers’ market. Below that, and we’re in a sellers’ market. According to a recent report by the National Association of Realtors (NAR), our current supply of homes…

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A Look at Home Price Appreciation and What It Means for Sellers | MyKCM

 

When you hear the phrase home price appreciation, what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller, you know rising home prices are good news for your potential sale. But let’s look past the dollar signs and dive deeper into the concept. To truly understand home price appreciation, you need to know how it works and why it matters to you.

Investopedia defines appreciation like this:

Appreciation, in general terms, is an increase in the value of an asset over time. The increase can occur for a number of reasons, including increased demand or weakening supply, or as a result of changes in inflation or interest rates. This is the opposite of depreciation,…

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Looking for a Place To Call Home? Consider a Condominium. | MyKCM

 

It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium (condo) as a worthwhile option.

In fact, trends indicate condos are gaining popularity among buyers. In the latest Existing Homes Sales Report from the National Association of Realtors (NAR), the data shows condo sales rising throughout the first half of this year (see graph below):

 

 

 

There are a few reasons more and more people are opting to buy condos – the benefits of condo life can be quite compelling. Let’s explore the main perks to find out if a condo is a…

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The Community and Economic Impacts of a Home Sale | MyKCM

 

If you’re thinking of buying or selling a house, chances are you’re focusing on the many extraordinary ways it’ll change your life. What you may not realize is that decision impacts people’s lives far beyond your own. Home purchases and sales are significant drivers of economic activity. They have a major impact on your community and the entire U.S. economy via the multiple industries and professionals that take part in the process.

The National Association of Realtors (NAR) releases a report each year that highlights just how much economic activity a home sale generates. The chart below shows how the sale of both a newly built home and an existing home impact the economy:

 

To dive a level deeper, NAR also provides a detailed…

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Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes | MyKCM

 

In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction, which reported:

“60% of people who were looking to buy a home in 2020 said they'd prefer new construction to an existing home.

However, it seems buyers are now shifting their preferences back to existing homes.

The latest Consumer Confidence Survey reveals the percentage of Americans planning to buy a home in the next six months is virtually the same as it was back in March. However, the percentage that plan to buy a newly constructed home is lower for that same period.

NAHB confirms this sentiment in their latest Housing Trends Report. The organization explains that existing homes are now…

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Sellers: Make Today’s Home Price Appreciation Work for You | MyKCM

 

Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last?

Here’s what three leading industry experts have to say about what lies ahead:

Lawrence Yun, Chief Economist, National Association of Realtors (NAR):

“At a broad level, home prices are in no danger of a decline due to tight inventory conditions, but I do expect prices to appreciate at a slower pace by the end of the year.”

Selma Hepp, Deputy Chief Economist, CoreLogic:

“The imbalance between robust demand and dismal availability of…

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