Hi JC
Every neighborhood is different and there are very desirable areas in Goose Creek. I just got a listing in GC on Thursday and have had three showings. It's also a very good area for rentals. I would be happy to send you the latest data if you are interested.
Sincerely,
Sharon

There really are too many questions that need answers to give you a specific answer. What subdivision? What price range? Some subdivisions and some price ranges are still selling.
Does it rank high enough in value, condition, and incentives to get shown? I can explain this for you if you like.

Is it rented? Positive or negative cash flow?

Hi Jc - A lot of this depends on your cash flow and if you can afford the monthly payments. Even if your home is down 10% right now, it will sooner or later go back up and be worth more. Real estate almost always appreciates in the long run. If you would like me to do some more research on your home's value, please let me know. Thanks, Randall

Did you buy this home to enjoy as a 2nd home during the summer? Do you rent it out other times to help cover the costs? Are you just concerned that the value has dropped and that it may continue to go down or is it a matter of you can't afford to continue to make the mortgage payments much longer.
If you are using this as a vacation home, that you also rent to help pay the mortgage and you can still afford to do so, you are just concerned that the value has dropped then I say hold on to it. The market will turn around and the value will come back up. Continue to enjoy the home for your vacation place and rent it to help with the mortgage payments and stop looking at how much you have lost everyday.
But if you aren't renting it and you are struggling with the mortgage payments now may be the time to consider renting it out some to help with the payments. The market is down and you will take a lost now, so if you don't have to sell, don't!
I had a 2nd home for 20 years and saw it through some ups and downs of the market, but I could afford to make the payments so I just didn't think about what the value of the house was during that period. I thought about how much my family enjoyed going there on the weekends and during the summer. Now we have torn it down and rebuilt our permanent retirement home there. So I am so glad I never sold it along the way when things got tight or the value dropped.

Hi Joe the real estate investor,
I guess you're finding out the hard way, that real estate is not a winner. You're not alone, some 22 million other people were trying to win in life, but have recently found that they are losing. Cut your losses--either rent or sell it. Good Luck.

Goose Creek is my prime market area. While the market in the Charleston area is slow Goose Creek is a little better overall. Some subdivisions are better than others and we still have a lot of new construction. If you go to my website you can take a look at a market snapshot of your neighborhood and gain most of the information you need to make an informed decision that's right for you.

If any way possible keep your second home. Now is not to time to market a home. Maybe you could rent it out to help with the expenses of the home. If you need anything please contact me.
Sincerely
Dee Bradley
1-800-352-4500
email dee@caltel.com

Hi JC,
A few questions:
Are you currently renting the home and is that covering the mortgage, taxes, and insurance?
You are paying a higher tax rate on it because it is not your primary residence.
If you future enables you to retire in Goose Creek and you sure that is where you are going to want to live?

How long have you owned the home?
I'd love to research the home and it's neighborhood market and give you some solid answers to help you.

Contact me anytime,
Laura Sargent
lsargent@carolinaone.com
843-509-2375