August 2019 – Western Upstate Association of REALTORS

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All Offers and Counteroffers are to be In Writing

August, 29th, 2019

The SC License law states that it is the duty of the agent to make sure that all offers and counteroffers are in writing and that any changes or modifications made during negotiations are initialed and dated by the parties prior to proceeding with the transaction. Verbal offers and counteroffers can cause confusion, particularly regarding the timing of acceptance or any changes to the initial offer. Since the purpose of the license law is to protect the public, having all changes initialed and dated by the parties results in a higher level of protection. If you will treat...

July 2019 Market Reports

August, 13th, 2019

Housing Supply Overview For the 12-month period spanning August 2018 through July 2019, Pending Sales in the Western Upstate region were down 1.3 percent overall. The price range with the largest gain in sales was the $200,001 to $300,000 range, where they increased 10.5 percent. The overall Median Sales Price was up 3.3 percent to $176,000. The property type with the largest price gain was the Condos segment, where prices increased 8.0 percent to $135,000. The price range that tended to sell the quickest was the $100,000 and Below range at 95 days; the price range that tended to sell...

Western Upstate Association of REALTORS®