Myrtle Beach Real Estate

I read an article in “The Sun News” this morning that addresses this subject the same way that I feel. I represent a lot of Sellers in this market and one thing is always upsetting for my clients. We reduce the price to Sell Quickly at a good price and then someone decides to submit a ridiculous offer, which ultimately upsets my Seller. After reading the article, and thinking about these offers that I have been seeing, I decided that it was time to share a little wisdom on the subject. When is it a good time to Submit a Low Bid on a property? With all of the information out there and all of the fact finding that is required, it is wise to allow a “Buyer’s Agent” to do your homework. First, you have to know what the Seller’s Motivation is. Is the property vacant and costing the seller holding costs? How long has the Seller owned the property and how much equity is there to leave room for negotiations? Have the Sellers already purchased another home and possibly carrying to mortgages. “This is where I come in”. What have the other properties been selling for in the neighborhood and what are the prices of the other properties out there? Is the property priced to move already based on these comparisons and has the Seller already reduced the price quite a bit? Second, one you get all of your information together, make your case with hard facts. A good “Buyer’s Agent” will come to the negotiation table with an arsenal of information and be able to overcome rejections from the Seller. Buyer’s Agents should write a letter or share market comparison with the Sellers to prove their points. Thirdly, prepare yourself for negotiation or even worse rejection. Depending on your motivation as a buyer, this can hinder your ability to get in the property at a good price. Sometimes if you have time to wait, you may find the Seller may come down on price, or sometimes, you may find that the property has been sold from underneath you. Purchasing property in today’s market is a lot better than a few years ago as far as a Buyer would be concerned. Now let’s go out there and get some deals.

July’s New Home Construction fell to the lowest level in over 10 years. One of the biggest factors to this decline in the rising mortgage defaults, which dumps more inventory out there to an already saturated market. What does this mean in the Myrtle Beach Market? It supports the idea of a Buyer’s Market and with all of the bad publicity that the Real Estate Market is facing; Home Sellers have come to the realization that they need to negotiate to sell their properties. The only properties that I see selling in the Myrtle Beach Area are the lowest price homes for each given neighborhood. In this declining market, a home buyer is cautioning buying a home for more than it may be worth a few months from now. From all of my thoughts and from what I see in the Myrtle Beach Area, the prices have fallen back to the 2005 prices and investors have stepped away from the Real Estate Market all together. It should be a good time to get in. If the interest Rates are to decrease in September, we could see a lot of the inventory for homes in the $200K price range and below sell quicker.

2 Bedroom/2 Bathroom Condo in Heatherstone at Berkshire Forest. This Community is amazing and purchase of the condos comes with a golf membership to The Legends. Allowing yourself the vacation that this unit offers with close proximity to the new “Hard Rock Theme Park”. Don’t let this one pass you by. This is the least expensive currently on the market. Also, enjoy the private beach club at one of the Myrtle Beach Area’s Finest Beach Resort Destinations.

 Myrtle Beach
Condo


Asking $155,900
604 Heathrow Drive Unit 1112

My Seller says Sell! This is a great 2Bedroom 1 Bath Condo in Garden City Beach priced to Sell Quickly. We reduced this today from $167,500 to $149,000. The HOA fees are only $246 a month which includes exterior insurance. This is a great deal for someone that wants a rental property/ vacation property. Don’t Pass this one by. Click the picture below for more information of the fabulous property. Also, here is a photo show. http://www.homepix.tv/D28/210gardensands/index.php

 Garden City
Condo


Asking $149,00

301 N Waccamaw Drive