What season is your life/business in?

Every business, whether real estate or not, goes through seasons.  Quite frankly, we experienced quite a long spring break and summer vacation during the hype of soaring prices and easy to get loans in the Charleston SC real estate market and most other places.  However with all of the changes, oversupply of inventory, tightening mortgage guidelines, lower consumer confidence just to name a few, we can say with certainty that WINTER is here.  The real estate party is over, and the hangover has set in.  During the party, there was quite a bit of overconsumption, overpurchasing and debt building.  During this winter season in our market and some businesses, it's time to get back to the basics.  Reevaluate your business and start developing a plan for where you'll plant the next seeds so they will grow and ripen come spring and summer.  First, the basics means establishing or renewing your core values for personal and business life.  It's time to determine what we need versus what we want, what is important and necessary like family, friends and helping others. That being said, it's time to dig ourselves out of the hole of debt, start saving money and get control over spending and consumption habits.  Dave Ramsey gives great advise about this! Rebalance in all these areas are necessary and readjustment is needed in order for the market to balance.  The economy is tied to consumerism but we have start living below our means so that emergency bailouts aren't necessary.  In that case, we need to have the emergency fund in place.  

There are many crisises we have all gone through.  My parent's first house in Charleston was financed at 14% interest rate, then a few years later, they refinanced at 9%.  Things could be worse than our current 6% rates.  In Charleston, we've faced Hurricane Hugo in 1989 and the Naval Base closure in 1993.  It seemed like the sky was falling, but we made it through.  The economy of Charleston bounced back in no time and stronger and look at us now.  We are one of the Top 10 BEST places to live in the US!  As a nation, how could we forget 9/11?  We have been through worse and we will get through it.  It's time to turn back to your faith, your determination to succeed and your ingenuity.  We are tough and will not be defeated....not as agents, businesses, not as Charlestonians, and not as Americans!  Just remember that nothing last forever.  We are going through a cycle.  And Spring always follows the winter in all things! 

Despite the declining market, the Charleston Relocation Experts Team is still experiencing sunshine despite the storm.  The market is tough out there but we are staying ahead of the market, on top of market trends and stats and still getting properties sold.  It's not easy, but together we will weather the storms of the market.  

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Michele Reneau - Military Relocation Specialist in Charleston, SC.

Rated number #1 featured Summerville, SC Realtor on Activerain.com. As Featured on HGTV's House Hunters. Publisher/Author for Charleston Real Estate Update  including featured monthly statistics on Charleston Real Estate Market.  Contact Michele Reneau, Realtor®, CRS, GRI, ABR, Carolina One Real Estate. Licensed Realtor® in South Carolina at 843-572-0518 to list your property for sale or to purchase a property in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County, South Carolina. The Charleston Relocation Expert specializes in military relocation, first time homebuyers and creating marketing exposure to sell your home.  I can also be contacted by email at mreneau@carolinaone.com. To view all Charleston Metro area Homes for Sale, visit www.CharlestonRelocationExperts.com and then click on Search for Homes.  With over 25 years of Lowcountry Living, I know the Charleston Metro area.