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June 4th, 2015

VIDEO: How to handle a multiple offer situation

Having multiple offers on your property is a wonderful problem to have, but it’s not always easy to determine which offer is the most beneficial. Today, we discuss how you can make the most of these situations!

Every seller’s goal is to generate multiple offers on their listing. When I have the privilege of presenting multiple offers to a seller client, I coach them through the process to help them make the decision that’s best for them.
Once multiple offers have been placed on your home, we first want to go back to the agents who are representing the buyers and thank them for the offer and let them know that we have received multiple offers. We then tell them to have their buyer clients bring us their best possible offers in terms and price. Rather than have the seller stick their neck out and put in a counteroffer, we are able to get both buyers blindly bidding against one another.

Almost 99% of the time the seller is pleased with the offers they receive. Whichever offer is the highest and best is the true value of your property at that moment! However, it’s not always wise to simply select the highest offer. When you look at the buyers’ offers, price isn’t the only thing you look at – you need to look at terms and financing as well. If one offer allows for a 30-day close and the other is 60-90 days, it may be worth it to take less money because the conditions are better.

If you have any questions about making the most of multiple offer situations, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love help you in any way we can!

May 23rd, 2015

VIDEO: Myrtle Beach hot spots

Hello, and welcome back! Today, I discuss Grand Strand hot spots for buyers and sellers alike!

Market Common is currently the hottest market along the Grand Strand. It’s expanding dramatically, and builders are keeping awfully busy in the area. Another growing spot is Murrells Inlet, which is continuing the rapid growth it has had over the last few years. Finally, Carolina Forest is yet another hot spot that has a huge potential for growth right now. These three areas are the ones to keep an eye on, as they are the hottest places to be in our area.

Since Myrtle Beach is an island that’s bordered by the Atlantic on one side, expansion is inherently limited. However, there is a good deal of expansion happening across the waterway to the west of Myrtle Beach. International Drive is expected to be paved within the next 12-18 months, so look for an increase in activity in the corridor between Rivers Oaks Drive and Highway 90. I’m thinking International Drive will really open up that area to expansion and growth!

As a native of Myrtle Beach, I’m a big fan of the centrality of Pine Lakes Country Club. It’s a quick drive away from the heart of Myrtle Beach, but still has the privacy of a more suburban community, so you get the best of both worlds. If I were to move today, I would probably move to that area!

If you have any questions about the area, or if you need real estate assistance of any kind, give me a call or shoot me an email! I would love to chat about the goings on here in Myrtle Beach and help you in any way possible!

May 9th, 2015

VIDEO: How to make the moving process easier

Today, I’m thrilled to be joined by Charlene Blanton of Caring Transitions, who will explain how to relieve some of the stress that accompanies moving.

Rightsizing is the best thing you can do when relocating; this consists of making your life, appropriate for the place you’re moving to. Space matching is a good example: Caring Transitions will go in, take a picture, and measure the closets for their clients, before going into the current home and measuring the spaces there. By comparing the space in each home, you will know exactly how many things you can take with you!

When space matching in a kitchen, you need to take pictures of the cabinets open and closed. You then take a look at the drawers, cupboards, and other storage spaces and see if it matches your current home. Caring Transitions will help you go through and number the storage spaces numerically, so you can compare the space in your current home to that in your new home. This will prevent over packing and will make the transition as smooth as possible!

If you have any questions about how you can make the moving process easier, give Charlene a call at (843) 997-5088 or shoot her a quick email at CBlanton@CaringTransitions.net. As always, give me a call if you need real estate assistance of any kind. I’m always here to help!

April 24th, 2015

VIDEO: Grand Strand market snapshot

Homes Closed: 1,492 (2015) vs 1,301 (2014)
Up 14.5%
Median Sale Price: Up 2.3%
Inventory: 4,100 (2015) vs 4,300 (2014)
Down 4%
Condo Units Sold: 960 (2015) vs 920 (2014)
Up 4.3%
Condo Inventory: 3,150 (2015) vs 3,700 (2014)
Down 17%
Condo Median Price: Up 2%
Single-Family Days on Market: 159 (2015) vs 159 (2014)

Alright, that’s A LOT of numbers – what do they mean for you? When looking at the numbers for single-family homes, you can see that most of the activity in the Grand Strand is taking place in that market. Condos are a secondary market for the most part, as they are more of a luxury item, but we’re still seeing good signs in that market.

If you have questions about how these trends affect you and the value of your home, give us a call or shoot us a quick email. Even if you’re not interested in buying or selling, we’re always available to chat about market conditions in the Grand Strand!

April 12th, 2015

VIDEO: Trends In Myrtle Beach New Construction

Today, Joe Pezzullo, a Sales Manager with Builders FirstSource, is here to discuss the boom in new construction we’ve seen here in Myrtle Beach.

In 2014, nearly half of the single-family home closings were new construction. Joe says one trend he’s noticed is a focus on outdoor living. In fact, it’s one of the main reasons people move to Myrtle Beach: they are leaving a cold area and want to spend as much time outside as possible. Most homeowners used to be content with a traditional porch, but recently, we’ve noticed a desire for sun rooms and outdoor kitchens and living areas.

Many of the people who move here are retirees, and Joe has noticed that this market wants a property that requires little to no maintenance. The emphasis for retirees is windows, doors, trims, and sidings; they prefer prefinished products to wood because they are easier to maintain. Most retirees want things that add value to their home, while requiring little to no maintenance.

If you have any questions about building trends here in Myrtle Beach, or if you would like some tips on how you can add value to your home, I would love to chat. Give me a call or shoot me an email for any and all of your real estate needs! I look forward to hearing from you soon!

March 12th, 2015

VIDEO: Welcome back, boomerang buyers

Today’s topic is the boomerang buyer. “Boomerang Buyer” is a term for the buyers who are now re-entering the marketplace to purchase a home or condo in the Grand Strand, after having to short sell or foreclose their properties a few years back when the market was down.

Now that these buyers have taken time to repair their credit, they are in a position to qualify for a loan. This is great news for home sellers, because a whole new segment of buyers is now coming on the market who can’t wait to get into a new home and get out of being a tenant.

If you are in this category and watching this video, it’s important for you to talk to a lender. We have some great preferred lenders we can refer you to so you can get started on the pre-approval process.

If you have any questions, or want to look at some financing options from some of our great lenders, feel free to give me a call or send me a quick email. I look forward to talking to you real soon!