Economy Dictating Beaufort SC Real Estate Developers' Pricing

Posted by Todd Covington on Wednesday, September 21st, 2011 at 1:35am.

Hamilton Village Luxury CondosBig-league baseball players step up to the plate looking to hit the ball with the sweet spot of the bat. The sweet spot, of course, is the location on the bat which is best suited for hitting the ball. From the sweet spot, the ball travels fastest and farthest.

Every piece of real estate has its own sweet spot, as well.  The sweet spot is the price at which a property is best suited to sell. Property priced in the sweet spot will sell the quickest.

Many developers in the Beaufort area have struggled in recent years with pricing before finding the sweet spot.

Over at Hamilton Village, a beautiful upscale condo complex just over the bridge from Historic Downtown Beaufort, condos were once listed at more than $800,000.  A few years later, the community's developers discovered the sweet spot for these condos, which overlook Factory Creek and the Intracoastal Waterway, was actually in the $500,000 range.

Carolina Village, a nice little neighborhood in the Shell Point area, began with homes listed in the upper $200,000 range. The developers found their sweet spot just under $200,000.

A single family home is  no different than a development. Price your home above the sweet spot, and trying to sell your home will be difficult.

A good Realtor will spend a considerable amount of time pricing your home. Listen to what your agent has to say, consider the information he presents to you, and find the sweet spot for your home.

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