Charleston's Economy is Getting Ready to Kick Butt

I don't know about you but I am already seeing increased activity from all of the announcements about Companies coming to Charleston.

Of course, everyone is stoked about Boeing and the huge impact it is going to have on Charleston for years to come. They just broke ground and already have the land cleared and are surveying to start building, they say during construction which is going to run 24 hours per day there will be as many as 700 workers per shift just to build the huge plant.

Then you have TDC or that Huge Tire Distribution Company that is building a distribution center here that will be the # 4 user of the Port immediately upon opening operations.

You have the announcement that Mersk has decided to stay in Charleston.

You have the Cruise Ships that are starting to visit on a regular basis and for the first time ever in the Spring we are going to have a ship that runs out of Charleston as its regular port.

And, now you have the announcement about the Turbine Facility to be located on the former Charleston Naval Base that will become a test bed for the world's largest offshore wind turbines.

All of this news and I have seen the activity in Real Estate as well, for example I listed a home on Daniel Island the other day and through my internet exposure of the property we had an offer within the first week from a buyer moving here for a new job from Boston, Mass.

In addition to all of this the banks seem to finally be getting it together with new loan programs coming out on a regular basis and get this we had a short sale with Bank of America on a house in Riverland Terrace that I got approval from the bank within 6 weeks of submitting the offer, which has been unheard of.

We are rocking and rolling, and so will the economy in Charleston so NOW is the time to make that purchase, buy an investment, a lot to build on later, a REO or short sale to step up, etc. Let me know and I am here to help you or anyone that you know find the right deal or if they need to sell quickly I can make that happen as well. Call or E-mail me anytime and I hope you and yours have a Happy Thanksgiving, I know I will. Sincerely, David Wertan of RE/MAX Advanced Realty 843-270-6455 or visit www.DavidWertan.com

Home Buyer Tax Credit

The Tax Credit has been extended and expanded to include those that already own their home and want to buy a new home.

Basically you have to have lived in your existing home for 5 of the past 8 years to qualify for $6500 credit and if you are a first time homebuyer you qualify for the $8000 tax credit.

See www.federalhousingtaxcredit.com for details or give me a call. This will surely keep the housing market rolling along.

Call or e-mail me for the best deals, Thanks, David Wertan of RE/MAX Advanced Realty
843-270-6455 or visit www.DavidWertan.com

Buyer Activity Remains Strong

Buyer activity is high. We have had more contingents on the hot sheet this year versus the same time last year. We're ratifying about 165-180 per week as opposed to under 100 for this time last year.