Condominium and townhouse living has become increasingly attractive for prospective homeowners in the Charleston area. Featuring prime waterfront, oceanfront and historic locations, custom construction, and luxury amenities, condos can provide more quality of life for cost per square foot, with less time an expense on maintenance and remodeling. For business, medical and legal professionals and residents with single or dual income and no children, oversized homes with astronomical utility bills located on stressful commutes through suburbia are not the desired lifestyle. Charleston’s premiere condominiums afford comfortable living spaces in attractive locations with attentive property management.

Charleston is experiencing a great deal of condo conversions, especially in downtown Charleston. Many historic Charleston duplexes and triplexes are being turned into condominiums on the Charleston peninsula. On James Island and Mount Pleasant there are many apartment buildings that have been renovated and turned into condominiums as well as new condo properties. There are many investors seeking investment opportunities in new condo developments. Parents and young professionals are buying condos for their children attending school and working in Charleston, SC

Foreclosures in Charleston, SC have been more and more common recent years. As soon as the real estate market began cooling off many home buyers had bought real estate they simply was not able to pay for and the values decreased below what they could sell them for.

Short Sales are also more widespread. A short sale occurs a house seller owe a lot more than the property is worth but needs to sell it. Once a purchase price is agreed upon along with a contract is signed by both the purchaser and the seller, the agreement is delivered to mortgage holder for final authorization. This process can take any where from four to twelve weeks to become complete. A short sale may give potential buyers a terrific way to buy a property for a cheap price, on the other hand every short sale differs from the others and will depend on highly upon what the home owner is able to do, not necessarily how qualified the buyer is.

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