Myrtle Beach Real Estate

Today I read in “The Sun News” about the auction of nearly 50 properties that took place at the Myrtle Beach Marriott Resort at Grande Dunes. There was not much bidding going on with these properties and very few sold for more than the opening bid price. This auction has been expected for weeks and of course I was hearing information that conflicted with the final results. For weeks the word was that these properties would bring great sales prices compared to market value. I guess the idea was that investors and shoppers would get caught up in the heat of the auction and bump the prices a lot. From what I am reading, none of the properties resulted in price battling. A few hundred attending the auction, but very few bid on properties. The company, “Coastal Auction Company” will hold another auction October 27, 2007, and will concentrate on South End properties from Murrells Inlet to Georgetown. Several properties in the Grande Dunes never receive bids.

Here is a great home near the Golden Mile at 6204 Sancindy Lane. This home is located on a double lot off of 62nd Avenue North which is centrally located to hospitals, shopping, Schools and golf. There is a nice pond in the rear of the property. This home has an enormous sunken entertainment room and a very nicely situated mother-in-law suite. You really can’t find a better location for the money; close to the Grand Dunes and not far from Pinelakes Country Club. Take a look and then decide that this is where you would like to be.

Lake ShoreLake Shore
Asking $389,000

Lane6204 Sancindy Lane

Absolutely immaculate home in much sought after Waterford Plantation. Great curb appeal with extra large side loading garage, great bonus room with extra storage, very large

4711 Harvest Drive is my latest listing and wow what a gem. This home is in absolutely great showing condition and has lots of very nice features. This gorgeous home has great curb appeal with an extra large side loading garage, great bonus room with extra storage, a very large master suite, screened porch and many other upgrades. This home is truly a must see and I will be doing an open house there on September 23, 2007.

Waterford Plantation - CF
Asking $314,900
4711 Harvest Drive

2768 Coopers Court in “The Farm” is an exceptional buy and in like new condition back to natural preserve with a large lot. This home truly is a must see and in great condition. The Farm at Carolina Forest offers great amenities including 2 swimming pools, children’s playground, community clubhouse, fitness center, bike paths and public garden. This Sullivan B is a great open floor plan in immaculate shape and reduced for quick sale.

The Farm - Carolina Fores
Asking $224,900
2768 Coopers Court

4704 Bluewater Lane in Waterford Plantation is a great place to call home. If you are not familiar with Waterford Plantation, you need to take a look at this beautiful Custom Built Neighborhood. This home rests on the Greenway in Waterford Plantation which is large grass field in between homes. The home itself has several upgrades and is in immaculate condition. You have granite counter-tops in the kitchen and master bathrooms, beautiful faux painting, stunning hardwood floors, tile, and installed California Style Closets. This home is a must see and if you are interested in seeing it, I will be doing and open house there on September 16, 2007.

 
Waterford Plantation - CF
Asking $275,000
4704 Bluewater Lane

5178 Alwoodley Lane in The Legends Resort is a great piece of property with fantastic Lake Views and close to the brand new amenities center.  Centrally located off of Highway 501 in Myrtle Beach, “The Legends” is a great place to build your next home. There are three award winning golf courses, 2 restaurants, brand new resident’s club, 30 acre practice range and much more. Bring your own builder for this great location. There will be around 323 custom homes in this beautiful development when it is all complete. Take a look at the listing below and if you have any questions please contact me.

Legends
Asking $144,900
5178 Alwoodley Lane

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