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April 9th, 2016

VIDEO: Avoid These Common Mistakes When Buying in Myrtle Beach

Today, I’m with special guest, Michael Himmelrick, from New Penn Financial. Together, we’re going to answer the question, “What mistakes should buyers avoid when buying a house?”

  • Don’t change a job before applying for a mortgage or before closing.
  • Don’t open new lines of credit.
  • Don’t manage finances between accounts and move money.

Ultimately, before making any major financial decisions, consult with your lender. Ask for their advice and insight, especially as a buyer.

If you’re thinking about buying or selling a home in the surrounding Myrtle Beach area, give me a call or send me an email today. I’d be happy to serve your local real estate needs!

April 3rd, 2016

VIDEO: Grand Strand Market Statistics for February 2016

Today we’re going to look at the most recent numbers we’ve compiled from February, and compare them to the numbers we saw back in February of 2015. We’ll discuss both the single-family home and condo markets. Let’s get started.

Demand for single-family homes in the Grand Strand has gone up considerably in the past year. We had 480 homes close this February as opposed to the 418 we saw in 2015. That’s a 15% increase!

Another thing we pay special attention to is the current inventory. Our inventory right now is fairly unchanged from last year, as we saw only about a 100 unit increase. Our inventory currently sits at around an 8.5 month supply for single family homes, which is a very healthy number.

In the condo market, we are seeing an even bigger increase in demand. We had 321 units close this February, up from the 248 we saw a year ago, which is a 29% increase! We have about a 10-month supply of condos right now.

Now, oceanfront and ocean-view condos are a little bit different. We have a 15-month supply of homes there, and they are lagging behind a little bit.

Next time, we will be back with our full first-quarter market update. It should give you a good idea of what to expect in the spring and summer, typically the busiest months of the year for real estate. In the meantime, if you have any questions about your specific property, give us a call or send us an email. We would love to help you out!

March 5th, 2016

VIDEO: 3 Tips to Prepare Your Myrtle Beach Home for Sale

VIDEO: 3 Tips to Prepare Your Myrtle Beach Home for Sale

The busiest selling season of the year is approaching quickly! Today, I’ll share with you three quick tips on how to prepare your Myrtle Beach home for the spring market.

  1. Amp up the curb appeal. We don’t want the buyer to keep driving once they see your home for the first time. It’s all about the first impression, and that’s your opportunity to win buyers over. Add mulch and trim the landscaping. Power-wash the outside of the home.
  2. Repair minor fixes. Last year, over 1,750 new construction homes sold. Since buyers are also browsing newly built homes, your home needs to compete and keep up. Make your home shine as if it’s brand new.
  3. Make the listing stand out. There are two simple ways to achieve this. First, we have a professional stager to come inside your home and address changes. Secondly, ensure your listing photos are exceptional and quality.

There are many other things to talk about, so reach out to me if you’re still wondering other ways to win buyers over in the area. Also, if you’re thinking about making a move in real estate this year, contact me by phone or email!

February 24th, 2016

VIDEO: What Does the Future Hold for the Grand Strand Real Estate Market?

Real estate can often be a rollercoaster ride. Markets will boom and then they will crash. It’s just how the market works. So, what can we expect in the Grand Strand for 2016?

Well, to make some predictions, I have spoken with some agents in places that our market seems to trail. These places are South Florida, Southern California, and Phoenix. My friends in these markets all told me the same thing. In the last 60-90 days they’re seeing the days on market increase, they’re seeing more price reductions, and inventory is rising. We’re very healthy right now, and I expect 2016 to be our fifth consecutive year of positive progression.

However, we have to keep in mind that we cannot ride this wave forever, and other market sectors appear to be waning a little. This is no cause for alarm, but you should know that these great market conditions just cannot last forever.

If you have any questions about this, or if you would like to contact me in order to get your home on the market before the spring hits, please don’t hesitate to reach out!

January 28th, 2016

VIDEO: A Single Photo Can Sell Your Property

Just about everyone begins their home search online nowadays (95% of consumers), which makes high-grade photography more important than ever. While browsing photos of homes online, it is obvious which ones were taken by professionals and which ones were taken by the agent listing the property.The biggest difference is how bright and well-lit homes look when a professional takes pictures of them.

A smartphone isn’t able to capture the beauty of a home due to the size of the lens and the quality of the camera itself. Professional-grade cameras and lenses make it possible to fit more in the frame and make homes look their absolute best for online viewing. It makes people feel like they’re actually in the room you’re photographing, so you need to hire a professional who knows how to make it happen.

It’s not only about photos, we can also shoot walk-through videos of listings. A professional photographer will give online home searchers the chance to see the home from every conceivable perspective. If you want the details of your home to really stand out, a professional photographer knows how to make that happen!

If you have any questions about getting the most money possible for your home, or about real estate in general, please don’t hesitate to reach out to us.

We look forward to hearing from you soon!

January 15th, 2016

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