Myrtle Beach Real Estate - Myrtle Beach Homes For Sale - Myrtle Beach Foreclosure Listings - North Myrtle Beach Real Estate - Commercial Real Estate

Myrtle Beach Real Estate Blog « Back

Archive for the ‘myrtle beach foreclosures’ Category

VIDEO: How To Pay Off Your Mortgage Quicker

Friday, July 8th, 2016

Did you know that it’s possible to take eight years off your mortgage payments? It’s not magic, but it does require some effort and attention.

So, if you make one additional payment, once per year, you can apply the amount directly to your principal. By employing this strategy, you’ll be able to pay off a 30-year mortgage in just 22 years. You can also write a separate check with your payments each month that is 1/12 your normal payment. After you’ve turned in all 12 at the end of the year, you’re on the same page. You won’t miss that amount as much as a full payment, and you’ll still be able to pay it off in 22 years.

We all want to pay off our mortgage quicker, this is just a simple way to do it. If you have any questions for me or you’re looking to buy or sell, give me a call or send me an email. I would love to hear from you.

VIDEO: What Can You Expect from the Grand Strand Market in 2016

Friday, January 15th, 2016

It’s time once again for the annual Grand Strand market report! What trends have we seen in the Myrtle Beach area lately and what does it mean for our market?

Last year, we saw inventory decrease by 7%. The number that really jumps off the page, however, is the fact that 16% more homes sold in 2015 than the year before. Additionally, the average days on market dropped 4%!

The good news doesn’t stop there: median sales price rose 6% in 2015, from $180k to $192k! The average sales price rose 5%, from $218k to $228k. That’s a healthy amount of appreciation!

These numbers indicate a very, very healthy market. Builders are building a lot of new inventory in the Myrtle Beach area because the demand is there. We’ll be keeping an eye on inventory online to ensure that the market keeps going strong.

As far as condos are concerned, we saw a drop in inventory of 8% in 2015. Sales increased 9% and the median sales price rose 1%, from $114k to $115k. The average sales price rose 3%, so prices remained pretty stable overall.

The condo market typically trails the single-family market, and that’s exactly what we’re seeing here. There were big improvements in the single-family home market, but only minor improvements in the condo market. It’s looking like we’ll continue to see an upward swing in both of these markets as we make our way through 2016.

If you have any questions about where our market is heading, or if you need real estate assistance of any kind, we would love to hear from you!

VIDEO: The benefits of selling over the holidays

Friday, December 4th, 2015

Many people try to avoid listing their home during the holidays — but why? Today, we have three reasons why selling in the winter months is actually a great idea:

  1. Most homes show better during the holidays. Homes that have seasonal directions have an emotional appeal. Buyers already buy on emotion, and Christmas decorations only add to that.
  2. Buyers are serious. If a buyer is looking during the holidays, which we can all agree are quite hectic with Christmas shopping and family events, that buyer is pretty serious about making their move.
  3. The lack of inventory removes competition. Plenty of sellers are ready to sell, but are waiting until the spring to list their homes. You have a better chance to capture a buyer during this time because competition is so much lower.

If you have any questions about the specific market conditions in your neighborhood, please don’t hesitate to reach out to us. We would love to hear from you!

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!