Q: Why is Charleston particularly well-suited for a sale leaseback?

Charleston's median home value of $567,614 (Census 2023) and current for-sale median of $625,000 means homeowners hold some of the largest equity positions in the Southeast — ideal for a sale leaseback.

Q: What is the typical monthly rent after a sale leaseback in Charleston?

For homes in the $500K–$700K range, current Charleston/Mount Pleasant market rents typically run $2,800–$4,500/month depending on neighborhood and home size.

Q: How much equity have Charleston homeowners built since 2020?

Charleston's median home value rose 24.7% ($112,586) from 2020 to 2023 according to the U.S. Census ACS, with current for-sale median at $625,000. Long-tenured homeowners frequently have $300,000–$600,000+ in equity.

Q: Does Afford Equity purchase historic Charleston homes?

Yes. We purchase residential properties of all ages including historic homes. Historic district guidelines and any applicable easements are reviewed during due diligence.

Q: What Charleston neighborhoods does Afford Equity purchase in?

We purchase throughout the Tri-County area including Charleston Peninsula, Mount Pleasant, Daniel Island, James Island, Johns Island, West Ashley, Summerville, Goose Creek, North Charleston, and Isle of Palms.

Question 1

Why is Charleston particularly well-suited for a sale leaseback?

Accepted Answer

Charleston's exceptional home values — a median of $567,614 (Census 2023) and a current for-sale median of $625,000 — mean Charleston homeowners are sitting on some of the largest home equity positions in the Southeast. A sale leaseback allows access to this wealth without the disruption of leaving the Holy City, paying agent commissions, or going through a traditional sale process.

Question 2

Is South Carolina an attorney-closing state and how does that affect my sale leaseback?

Accepted Answer

Yes. South Carolina requires a licensed attorney to supervise all real estate closings. This provides an additional layer of protection for Charleston homeowners participating in a sale leaseback. Afford Equity coordinates with experienced Charleston real estate attorneys to ensure your transaction is legally compliant and your interests are protected.

Question 3

What is the typical monthly rent after a sale leaseback in Charleston?

Accepted Answer

Charleston's rental market reflects its high property values. For homes in the $500K–$700K range, current market rents in Charleston and Mount Pleasant typically run $2,800–$4,500/month depending on neighborhood, size, and amenities. Your lease rent is agreed and fixed at closing, providing long-term predictability.

Question 4

How does a sale leaseback work for a historic Charleston home?

Accepted Answer

Afford Equity purchases residential properties of all ages, including Charleston's iconic historic homes. We work with local preservation experts and factor historic district guidelines into our assessments. Historic district membership and any applicable easements are reviewed during due diligence.

Question 5

Can I sell my Charleston home to Afford Equity if it has a homeowners association?

Accepted Answer

Yes. Most Charleston-area HOA communities permit investor ownership with tenant occupancy. We review HOA governing documents during due diligence. In established communities like Daniel Island, Wild Dunes, or Dunes West, HOA terms are routinely addressed without issue.

Question 6

What Charleston neighborhoods and suburbs does Afford Equity purchase homes in?

Accepted Answer

We purchase throughout the Tri-County area — Charleston Peninsula (all districts), Mount Pleasant, Daniel Island, James Island, Johns Island, West Ashley, Summerville, Goose Creek, North Charleston, and Isle of Palms/Sullivan's Island for qualifying properties.