When buying a new home in Charleston, SC, you want to make a confident, secure decision with your money. Understandably, homeowners want appreciation and return on their investment.
The Charleston Regional Business Journal released an article showing Charleston is one of the safest places to invest in the state, if not the country. The average down payment percentage is a signal of well qualified and stable real estate investors.
The Charleston, SC real estate market had two counties above the national average of 14%:
Beaufort County, SC: 22.27%
Charleston County, SC: 17.62%
Well Qualified Buyers & Sound Investing Strategy
Quite simply, these higher percentages on down payments are a sign of a healthy real estate market. First-time and entry-level home buyers in Charleston should be aware of these down payment parameters and expectations, but know that there are programs within the market that may help offset some of these downpayment and closing costs.
Use the Charleston New Homes Guide as your local source to direct you to the right city, right neighborhood, and right home for you.
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