In early 2024, new legislation on Folly Beach, SC, prohibited short-term rental permits from transferring with property sales. This change created a saturated market, extending the time homes spent on the market and making it harder for sellers to achieve top dollar. Among these sellers was a seasoned real estate professional who recognized the unique challenges posed by this shift.
Instead of opting for a traditional sale, the seller turned to Voyage to create urgency in the marketplace. Our proven auction process was the perfect fit to stand out in a crowded market, attract competitive buyers, and drive the sale to a swift and successful conclusion.
The auction attracted bidders from 8 different states, ensuring a competitive environment for this oceanfront property. In just 60 days, the home sold and closed at $2,491,000, surpassing the $2.3 million sale price of a nearly identical neighboring home that had been listed traditionally.By leveraging Voyage’s streamlined process, the seller achieved a premium sale price in less time than the traditional real estate market could offer.
