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Real Estate Mount Pleasant, SC

By Adam Rodgers of Carolina One Real Estate

Mount Pleasant Real Estate - How to Find Great Deals

According to the Charleston MLS 29 homes in Mount Pleasant, SC have sold for $110 price per square foot through November 2009. Twenty-three of the lowest price per square foot homes sold in Mt Pleasant were not located in North Mt Pleasant which is best known for its new homes. Surprisingly, twenty of the 29 best priced homes sold in Mount Pleasant this year were built 1985 or later and located near Old Mt Pleasant.

What does this home sale data tell you about finding great deals in Mt Pleasant? You need to work with a Mount Pleasant Realtor who knows your home preferences, the local real estate market and can recognize great opportunities.

The following four points will help you prepare to take advantage of great deals on Mount Pleasant homes for sale:

1. Do your homework! After researching Mount Pleasant real estate online and communicating with a real estate agent, visit your favorite neighborhoods with your Realtor and see homes so you and your realtor understand your neighborhood and home preferences. Once you’ve narrowed your home search and target your top 5 neighborhoods in Mt Pleasant your real estate agent should give you recent market reports for each neighborhood along with homeowners association documents and community information.
2. You must get pre-approved for a mortgage and have the necessary downpayment. Don’t spend all your time searching Mt Pleasant real estate listings and seeing homes if you are not yet in a position to buy. If you have a home to sell before you can take advantage of the current Mt Pleasant buyer’s market selling your home should be your first priority. Sell stocks and other assets that will need to liquidate to have the funds ready to quickly purchase a home. Your realtor should send you all new homes for sale in Mt Pleasant within 24 hrs of their listing on the Charleston MLS to keep you up to date.
3. Have realistic expectations. If you want to find a great deal on a home in Mt Pleasant you should be willing to make some minor repairs and updating. Foreclosures or bank owned properties in Mt Pleasant often require the new homeowners to make substantial repairs after closing. If you are buying a “short sale” in Mt Pleasant, plan on the closing taking at least 90 days after the contract has been ratified. Banks negotiate, approve and sometimes reject real estate contracts to purchase both short sale and bank owned properties. Again, your Realtor will be able to estimate when (if) your closing should take place.
4. Don’t get discouraged. Even if your offer is the first one submitted on a home the sellers may receive more favorable offers from other buyers and reject yours. It is often necessary to submit offers to purchase multiple homes for sale in Mount Pleasant to get a great deal. Some of the best deals found in Mount Pleasant real estate are short sales which, for various reasons, don’t sell to the first buyer with a ratified contract.

Finding a homes for sale in Mount Pleasant that are priced well below current market value is realistic but, not easy. If you work with a real estate agent who specializes in Mount Pleasant real estate and you are prepared to quickly act when great deals hit the MLS all of your hard work and efforts will pay off.


Contributor's Note

I'm a Mount Pleasant real estate agent and have shared the same advice with countless clients this year. The same principles can probably be applied to other markets but real estate is a local thing so talk to your Realtor!

External Links

Mount Pleasant SC Real Estate

Contributed by arodgers on December 7, 2009, at 11:02 PM UTC.

PLEASE VISIT THE CONTRIBUTOR'S WEBSITE
Charleston SC Real Estate Team
Search Charleston SC Homes for Sale
www.searchcharlestonscrealestate.com

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