Upstate South Carolina is a great place to buy a home. It’s an area of the country that offers plenty of natural beauty and many opportunities for businesses, leisure activities, and education. It also has an affordable housing market compared to other parts of the country. Now is a great time to consider buying a home in Upstate South Carolina as it offers buyers convenience, affordability, and lifestyle. Let’s dive into why now is such an ideal time to make this purchase.
Lower Prices Now than Ever Before
The median price for homes in Greenville County (the most populous county in Upstate SC) has fallen significantly since its peak in 2006. According to Zillow, the median home value for Greenville County was $159,000 in 2020; this represents a 25% decrease from 2006 when it was $208,800. That means there are more affordable options than ever before for those looking to buy a home in Upstate SC.
Interest Rates at All-Time Lows
Along with lower prices come lower interest rates. As of November 2020, average mortgage rates have hit all-time lows across the United States and are continuing to stay low throughout 2021. This makes it easier for buyers to access more money from their mortgage loan as they can afford higher payments due to the lower interest rate on their loan amount. This combination of lower prices and lower interest rates makes now a great time to buy a home in Upstate SC!
Great Investment Opportunity
In addition to the affordability and convenience associated with buying a home right now, there is also potential for investment gains over time too. Home values are expected to increase over time due to population growth and economic development initiatives within Upstate SC’s cities like Greenville and Spartanburg. This makes now an especially attractive opportunity as you can not only benefit from current low prices but also benefit from potential future increases too!
When considering buying real estate anywhere – especially during uncertain times – it’s important that you do your research about local markets so that you make an informed decision about where you’d like your new home or rental property to be located. For those looking at Upstate South Carolina, now is definitely an ideal time as it offers buyers convenience, affordability, and lifestyle along with potential investment gains down the line too! Whether you’re considering buying your first home or expanding your real estate portfolio, don’t miss out on this opportunity!
Ready to take the plunge into homeownership?
Owning your own home is one of the smartest decisions you can make in life. Not only does it provide stability and a sense of accomplishment, but it also offers tax breaks and opportunities for investment growth. Plus, our team is here to help you through every step of the process!
Buying a home doesn’t have to be difficult – we’ll guide you through every step of the way! You’ll have all the support you need to find the right property for your needs and budget. And with our down payment assistance program, owning a home has never been more attainable! So don’t wait any longer – call us today!
Contact SC Upstate Ownership today to get started on your homeownership journey!
