Charleston Ranked One of the Top 30 Cities for Best Real Estate Deals

In today’s economy people are tightening their spending and trying to find ways to stretch their dollars.  With all the negativity surrounding the real estate market, it is difficult to find a silver lining. However, the truth is, today’s real estate market offers excellent opportunities for buyers through short sale and distressed properties.

Forbes.com recently posted its take on real estate values with their ranking of “America’s Best Bang for the Buck Cities” and Charleston, SC ranked among the top 30.  Forbes based their ranking on criteria such as real estate taxes, unemployment, home price forecasts, commuting time and housing affordability. In addition to these criteria, factor in the number of short sales and distressed properties and it is clear there are golden opportunities for buyers to make the most of their money and a chance to own their dream home for a fraction of the price.

In Charleston, homes that sold two years ago for upwards of $300,000 can now be purchased for up to a $100,000 less or more through the short sale process.  A beach front home on the Isle of Palms, once purchased for $2.5 million, can now be yours for $1.2 million.  These are just a few examples of the many opportunities that await buyers in Charleston and thus proving Forbes conclusion; Charleston IS one of the top cities to get the “Best Bang for Your Buck”