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To buy or not to buy is now a question that potential homebuyers need to ask themselves. Interest rates are down, home prices are stabilizing and there is still a very good choice of existing homes on the market from which to choose. Another reason to look at existing homes is that homeowners are still offering some very good incentives. These range from price reductions, closing cost assistance and some are even leaving refrigerators behind which is great for first time home buyers. Homebuilders though are cutting incentives as the excess inventory of new homes continues to fall. Most incentives are now on “To Be Built” homes which take 6-8 months to complete. Also Charleston posted an overall 4.1% appreciation rate in 2007 according to a recent Money Magazine article which is another indicator that the local market is stabilizing.So if you are looking for either new or existing construction or just need up to date information on the housing market please feel free to contact me anytime.
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