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Archive for November, 2015

VIDEO: We Want to Say Thanks!

Friday, November 27th, 2015

Today, we just wanted to take a minute to thank you for your business and referrals!

We all have a lot to be thankful for this Thanksgiving season. I’m thankful for you all! After all, referrals, in addition to repeat business, keep us going. We’re eternally grateful for that.

So, from my family to yours, we wish you a very happy Thanksgiving! We look forward to talking to you soon!

VIDEO: The market today in Myrtle Beach

Monday, November 23rd, 2015

Today, I’ll share some data from October with you. Good news! The data reveals we’re in a healthy, balanced market.

Let’s look at single family homes. We’re at a 6.5 month supply of inventory. We have 4,000 homes for sale regionally. In fact, 610 alone were closed last month! That’s 15% of the entire inventory sold.

Compared to last year, we’ve seen a 4% home price increase. Likewise, units are up 18%. The excess demand is met by current construction. This helps maintain a healthy balance. Even though homes are selling quickly, we have brand new homes entering the market.

Additionally, there is an eight-month supply of condominiums available. Although the inventory is down, condo sales overall have increased by 4% compared to last year.

If you’re looking to sell a property, let’s talk! Please reach out and give me a call.

VIDEO: Is It Better to Wait to Make an Offer on a Property?

Friday, November 20th, 2015

Today, I’m answering a question that I recently received from a buyer: “Should I wait to make an offer on a new listing? I love the property, but it just came on the market.” The truth is, if you want the property, there’s no real reason to wait.

Now, you don’t know the motivation of the seller. If you’re a pure investor and you’re trying to get this property at 20% below market, then obviously the seller is unlikely to accept that offer on a two-day-old listing.

If you’re making a fair offer because you know the market and you’ve constructed the offer based on comparable sales, a good listing agent will be able to give the facts to their seller. Hopefully, the listing agent can get your offer accepted, or at least get you a good counter offer.

In my opinion, there’s no reason to wait on making an offer on a new listing. Now, is it possible you could get a listing that languishes on the market for 60, 90, or 120 days on the market for a little bit less? Yes. But if it’s a good listing and the property is priced fairly, it’s not going to last that long.

Ultimately, if you like the property and you’ve done your homework, then don’t wait. Make the offer immediately.

If you have any questions, please don’t hesitate to reach out to me. I would be happy to help you!