Emmens Preserve On The Market

Deal in Emmen’s Preserve

Have you been searching for a new home in the Myrtle Beach area? Emmen’s Preserve is the hottest new home community along the Grand Strand, and offers the best of location, amenities and option that are included in the construction. Below is a home that is less than a year old that we are selling within the Emmen’s Preserve community. If you are familiar with floor plans of Emmen’s Preserve, this is the Willow 1.

The home has 4 bedrooms and 2 baths with a split extended two car garage, and over 2200 square feet of living space. This Willow has upgraded flooring throughout with engineered hardwood floors in living room, dining room, foyer and great room; tile in kitchen, bathrooms and laundry room; and upgraded carpeting in all bedrooms. The kitchen offers 42” maple cabinetry, corian countertops, stainless appliances, upgraded hardware, Mohen faucets and a ceramic tile backsplash.

Needed maintenance is limited on the home because it is less than one year old, the home offers a fully landscaped yard and the exterior is hardy board. For more information and to setup a showing on this home in Emmen’s Preserve, click the link below today.

http://www.yourhomeatthebeach.com/realestate/listing-1201916-1555-berkshire-avenue-myrtle-beach-sc

More About Foreclosures

Just yesterday we made a report about the foreclosure market in Myrtle Beach getting better, and ultimately the values of properties will remain stable. Then, just hours after publishing that post, Ben Bernanke slashed expectations on the market again with his insight. Obviously we at Beach Realty Group don’t hold a candle against the Fed chairman; therefore we are changing our opinions on the affects of the current bank lawsuit against the shadow inventory of foreclosures across the country.

Today at Orange County Convention Center, Bernanke stated that the pendulum of mortgage has gone from being easy to obtain a note to being too difficult. He stated that the real estate market can’t improve unless banks start lending money to home buyers. Over the past few years 2 million homes were foreclosed on and that they expect around 1 million foreclosures a year for the next few. These numbers are less than the last few, but the affects of continued foreclosures is expected to continue to lower real estate market prices. At Beach Realty Group, we have seen fewer foreclosures already, and it seems that real estate prices in Myrtle Beach are stabilizing. We were showing condos today in Magnolia Pointe, which are condos located at Myrtlewood Golf Course. Here we noticed that the developer prices are actually competitive now against the resales. Last year the developer could hardly compete with the short sales and foreclosures.

Although Ben Bernanke mentioned that he expects prices to come down more, we feel that prices can’t drop much more in the Myrtle Beach are. If you are searching for real estate in the Myrtle Beach area, call Beach Realty Group at 843-267-4627. Whether you are searching for a home or condo, and you are searching for a foreclosure or short sale in the Myrtle Beach, we are here to help. Most of our agents are “Certified Distressed Property Experts”, and are very experienced in negotiating real estate values with banks.

Foreclosure Market Should Improve Some

2011 was a great year in the Myrtle Beach real estate market with more than 250 real estate agents selling over 3 million worth of property each. After the holiday season, the market has really picked up for foreclosures and real estate transactions around the Grand Strand. Buyers are searching for deals, and they better start finding them now before things get better for the economy. Just today the foreclosure market may have taken a small step to recovery. 5 of the nation’s largest lenders just got hit with a 26 billion dollar lawsuit for faulty foreclosure documentation. Over the past several years, many of the loans were packaged and sold off without even a good paper trail of who even owned the property. You may remember last year when most of the large banks ceased selling any bank assets while they figured out what was going on. Asset managers were not moving the properties off the books, because red flags had been discovered for poor processing and fraudulent behavior in handling foreclosure proceedings.

Over the past 6 years, the foreclosure market has been a mess as many investors and homeowners have walked away from properties that they should not have been eligible for a mortgage anyway. The tumble in prices affected other real estate values and the saga continued. Now real estate prices in Myrtle Beach are for the most part worth just over ½ of what they were just 7 years ago. With the lawsuit that was just settled over handling real estate foreclosures, many existing homeowners that are current on their mortgage payments will be able to receive rate reductions. It is not clear what will happen with the individuals who were foreclosed on, and how much if any financial retribution they will receive. The largest problem still facing the foreclosure that will not immediately be affected by the court’s decision are the people that are currently behind on their mortgages. These people can’t use the thousand or two thousand dollars being offered to catch up on payments for many of which are up to two years behind on payments.

This lawsuit should affect the mortgage crisis some with the homeowners that are current, however we believe that you will see foreclosures in the Myrtle Beach area at a higher than normal level for about two more years. The courthouse in Conway is still back logged on processing, and many of the foreclosure proceedings will still take a while to clear out. This year may be the year for you or your family to purchase a home in the Myrtle Beach area. Call a Beach Realty Group Realtor at 843-267-4627 with questions about buying a home in Myrtle Beach.

Buy A Home In Myrtle Beach Now!

The holidays are over and the real estate market is starting to move in the Myrtle Beach area. There are three contributing factors to an expected uptick in activity of the Myrtle Beach real estate market. Troops are home from Iraq, and many are purchasing homes. We just had a group of three veterans purchase a home in Garden City just recently, and many more searching for homes in the Myrtle Beach area. There is also a positive job outlook around the country and in Myrtle Beach. Lastly, many Myrtle Beach condo developments are moving at 40 cents on the dollar.

Myrtle Beach is within a few hour drive Shaw Air Force Base, Camp LeJeune Marine Base, Fort Jackson and Fort Bragg Military Bases. As many of these troops come home and retire out of the military, they are finding their life of luxury in the Myrtle Beach area. Finding a home at a great discount and then securing VA financing is a common assurance at the moment.

Job creation is showing an improvement in the Myrtle Beach area, and around South Carolina. For the third month in a row, the national number of unemployment claims has dropped. This is great news for the economic outlook, and especially for the Myrtle Beach area which has been hit hard with unemployment. The tourist season which is right around the corner is always responsible for an uptick in job creation and Myrtle Beach real estate sales.

The third fact that is moving the Myrtle Beach real estate market is the fact that the holidays are over, and people are finally make a move whether they are upsizing, downsizing or just relocating to the Myrtle Beach area. If you are one of those searching for information and plan on purchasing a home in the Myrtle Beach area during this upcoming real estate market, call us at 843-267-4627.

Buy a foreclosure for 2012

At Beach Realty Group we strive to bring our clients the best services with their Myrtle Beach real estate needs. Whether you are interested in purchasing or selling Myrtle Beach real estate, we have programs to benefit your best interest. Our Seller’s Incentive Program has been extremely affective in getting our clients more showings and the best price for homes or condos for sale in the Myrtle Beach area. With the recent additions of the Myrtle Beach All-Star team, we have leaped into more services with our Buyer’s Advantage Program. These services include pre-foreclosures and foreclosures in the Myrtle Beach area.
The foreclosure market in Myrtle Beach is booming as banks rush to take back their assets from default borrowers. Whether you are searching for a short sale, courthouse auction property or an REO property, we will formulate a plan to guarantee you the best property to suit your needs. If you are not happy with your purchase within the first year, we will sell it for free. Just ask one of our real estate professionals how this work. For more information on buying or selling a Myrtle Beach real estate foreclosure, call us at 843-267-4627.

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