Myrtle Beach Real Estate

When considering Myrtle Beach Real Estate most shoppers are thinking of the areas from Little River to Pawley’s Island; also known as the “Grand Strand”. In essence the Myrlte Beach Area is a 60 mile stretch of coastal real estate which has become a very desired section of the Eastern United States. There are five main reasons that I think attract individuals to the Myrtle Beach Real Estate Market. Although there are other reasons for why people may buy in the Myrtle Beach area, I think that most buyers are attracted to golf, investments, 2nd homes, retirement and altogether relocation.

Myrtle Beach has earned the name of being the “Coastal Golf Capital of the World”. As a result of this popularity many golfers now purchase condos on golf courses in Myrtle Beach. With over 100 golf courses to choose from in the area, it is not hard to find a home or condo around a golf course. Investing in real estate in Myrtle Beach has become very popular to many that like the idea of renting to vacationers while enjoying vacationing themselves to their properties. The Myrtle Beach area has become very popular as a 2nd home destination. With the first Baby-Boomers becoming of retirement age we have seen a number of people move South to the Carolina’s in particular Myrtle Beach. Many find Florida too warm or not close enough to their families. Therefore, Myrtle Beach becomes their destination, partially due to the fact that this town is full of activities for people of all ages. Many people decide to move to the area daily that may not be driven by the other 4 factors. The number of people relocating to the area has risen substantially over the past 10 years. Many move are moving to the area to pursue whatever their passion for the Myrtle Beach area might be.

If you are considering purchasing real estate in the Myrtle Beach area, please visit some of our great resource pages of this website. I have done the research for you, and designed one of the areas easiest to use Myrtle Beach MLS search page. Navigate through some very informative articles on my Myrtle Beach Real Estate Blog, and dig further into today’s real estate market by learning about Myrtle Beach Foreclosures and Myrtle Beach Short Sales. Real Estate transactions are complex, and it may be beneficial for you to read over some of this information. While you are in town next time, make sure to venture further and explore the possibility of retirement, relocation or investing into a home, condo or townhouse in Myrtle Beach. Myrtle Beach Real Estate development has grown leaps and bounds over the past 5 years and Myrtle Beach has become one of the nation’s top choices for second home living. Most people are familiar and have coined the phrase "Myrtle Beach Real Estate" when looking at properties along the Grand Strand. Make sure you navigate to the left menu, and look over some of the "Areas of Service". 

 

The prices of the Myrtle Beach housing market have dropped substantially over the past three years. Many are beginning to realize that there are some great buys available right now along the Myrtle Beach, South Carolina Coast. Myrtle Beach New Homes developments have remained slow even as many are moving back into the market, because the building costs can’t hardly compete with values that can be found in a resale, or possibly Foreclosures in Myrtle Beach. Many are saying the bottom of the real estate market will be in the 3rd quarter of 2009 for Myrtle Beach, and I am already seeing more activity than I have in 4 years. Homes are at a discount, and now might be the time to buy.

You will find more information on homes in the Myrtle Beach area by checking out some of our areas of service on the left menu. We will keep this section as up-to-date as possible with information on different communities around the Myrtle Beach area. If there is a particular neighborhood that you are interested in, let me know, and I will be sure to get you that information. If you are searching for a home, condo or home site from Little River to Pawley's Island, this real estate website is for you.


 

When considering a luxury home in Myrtle Beach there are a few options that you should think about first . The most popular factor that drives a final decision is location, location, location. Most shoppers of luxury homes consider three options as far as location along the “Grand Strand”. Decide whether you would like your home on the oceanfront, on the Intracoastal Waterway or on a prestigious golf course with lots of amenities. The two most prestigious golf course communities along the “Grand Strand” are Debordieu and the “Grande Dunes”. Most Intracoastal Waterway homes are found in Myrtle Beach near River Oaks Drive and northward to North Myrtle Beach near Cherry Grove. Oceanfront homes can be found anywhere from Cherry Grove all the way to the southern tip of Pawley’s Island. Oceanfront homes are also used quite frequently for rental income, and typically generate nice revenue streams.

Over the past few months, I have seen the sales of the luxury homes in Myrtle Beach increase. This is a direct result of huge discounts in some of the most prestigious area of the State. Homes in the “Grande Dunes” have been selling for fractions of the original prices for that community, and many of the oceanfront homes have been on the market for 2-3 years with many price reductions in between. Now is the time to take advantage of buying your dream home in Myrtle Beach. If you are searching for a luxury home at a discounted price go to the Myrtle Beach Luxury Homes section of the site.


 

Condos are located in all areas of The “Grand Strand” and can offer a relaxed lifestyle. Most Condos in Myrtle Beach have Property Owner’s Association that manages the properties. For the most part these associations take care of all the common elements and the exterior of the building, leaving you the inside of your condo to care for. There are many complexes around the Myrtle Beach area, and each complex has its own association. I couldn’t possibly put all the information for these associations on this website. If you know of an association that you have questions about please contact me. Also refer to our Myrtle Beach Condos For Sale websit for more information on the types of Condos in Myrtle Beach, and units available in the condo complexes.

The two most popular condos sought after are condos near the beach and condos around golf facilities. There are major differences in these two types of condos, and they should be researched thoroughly before purchasing a unit. The ocean condos tend to have higher maintenance fees, and traditionally have more of a chance of special and insurance assessments. Most golf course condos, although located on the course, don’t convey golf course privalages to the new owner. Before making an offer on any condo, you may want to consider hiring a Myrtle Beach area Realtor.


 

The Real Estate market has taken a major hit in values recently partially, because of foreclosure hitting the market in record numbers. In 2008 40% of the sales were Short Sales or Foreclosures, and I bet the outcome will even be higher than that this year. This put a strain on the Myrtle Beach Property values, but can make great buys if you are in the Myrtle Beach Real Estate market. Buying a foreclosure has several advantages and some disadvantages. Obviously the largest advantage in buying a foreclosure is that you have the possibility of getting a really good buy.

There are however a few possible consequences that come along with getting a good deal. The two major disadvantages are that the property is sold in “As-Is” condition, and for the most part the bank won’t repair the items. There are of course some instances where the bank will negotiate these items, especially when the item in need of repair may affect your ability to obtain a mortgage. The other possible disadvantage of buying Myrtle Beach Foreclosures is unknown to many. Your yearly property taxes can be much higher than expected after you close on the foreclosure. The reason is that the assessor’s office is using the last assessed value to figure your property taxes instead of the purchase price. With normal sales the assessor’s office uses the purchase price. That is how these properties are being handled in 2009, and of course things can change at a later date. I highly recommend contact a Myrtle Beach Realtor before pursuing a foreclosure.

A “Short Sale” is when the current homeowner owes more than they can currently sell the home for, and as the borrower they suffer a financial hardship. Like many areas of the country “Short Sales” have also affected the Myrtle Beach real estate market. You can find more information and informative articles on this type of transaction in the Myrtle Beach Short Sale section, and I have several posts about this topic on my Myrtle Beach Real Estate Blog.

The “Short Sale” transaction is a complicated one, but if performed correctly the buyer can make out with a good value for their purchase. I have gone through an extensive CDPE (Certified Distressed Property Expert) course, and am prepared to assist buyers and sellers of “Short Sale” properties. Also I have included foreclosures and “Short Sale” searches on the Myrtle Beach MLS page. Take time to look around at some of the properties, and let me know if you would like my help.

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