The new Market Common is growing in spite of this recession we are experiencing.  The Live/Work units are a throw back to the time when shop keepers lived above their stores.  Can you imagine how this invest will pay off in a few years since this is one of the most unique developments in the entire state.

Market Common not only has upscale shopping, a movie theater, grocery store, 9 great restaurants, the Crab Tree Gym with all new equipment and flat screen tvs, miles of walking/biking trails, but it is only minutes from the airport and the Atlantic Ocean.

The developer has moved his office to one of the Live/Works and is offering the buyer of this unit an opportunity to lease it back to him.

Here is a brief description of the lease back opportunity at Market Common   The unit is a Rutledge model, 1776 sq ft with commercial space on the first floor and a 2 story residential area above. The price is $315,000.  There are only going to be 80 of these Live/Work models built, out of over 1000 townhomes altogether.    The rent that you would receive is $2362.50 for a minimum of 1 -2 years with a possible extension.  

There isn 't a better deal in Myrtle Beach where you could legally have a home and a true business for $315,000.  .

Here are the numbers:

$315,000           Purchase Price

$63,000             Initial Deposit

$252,000          Amount Financed

$2,363 X 24 Months=$56,712 Payments Received back from Dock Street

Let me know if this interests you - it's a once in a life time offer...

     The first year of our annual Summer Art Walk series, celebrating visual and performing arts, will begin this Saturday and Sunday, June 13th and 14th.  Come and see what these talented artists have to offer while strolling through the Market Common on what promises to be a beautiful sunny weekend.  If you would like more information on this event check our http://www.marketcommonevents.com   If you can't make it this weekend, other times have been scheduled for this cultural event:         July 11th and 12th         August 8th and 9th         September 12th and 13th.   Also on the June schedule is the Sons of Italy 2 day Italian American Festival.  If you are craving great 'sausage and pepper ' sandwiches or delicious pizza to be savored in Valor Park, this is the place to be on the 27th.  Several fun events are scheduled throughout the day.  Please come join us not only for the  fantastic Italian food, music, and souveniours but also for the performers which inlcude Frank Gigli, Larry Tanelli & The Dino Show, Louis Prima Tribute, "Elvis" , and The Blues Brothers from Legends in Concert.   I hope to see you there.  Have a great weekend.   

 

Murphy was a very smart man!  Lately I have received several calls from Active Rainers inquiring about property here in Myrtle Beach.  The problem that I have is that I am no longer selling as a general brokerage agent.  My new position is in new homes sales with Dock Street Communities in the Market Common.  If only I had received all these calls while I was in general brokerage, I may not have looked elsewhere to continure my real estate career.

That being said, I really do love on-site sales and the Market Common is truly a great place to work.  Selling a truly unique concept has been a lot of fun and very rewarding .  Check out my website:  Market Common Townhomes for more information.

Today is the big celebration honoring those who are currently in the military or those who have served in the armed forces.  It is being held at The Market Common in Myrtle Beach.  It looks like the weather is going to cooperate even though it is a little cloudy.

There a many events planned, including demonstrations by the Navy Seals, a parachute drop, music by the military band, vendor booths, etc.  There are already many people milling around waiting for the kick off event. 

If you are in the area, stop by and be part of this inaugural event. I am sure you won't be disappointed.

Myrtle Beach's new urban village is located on the former Air Base. This 1184 sq ft townhome offers 2 bedrooms, each with a full bath attached on the second floor. The main floor has an open floor plan and an out door courtyard with a detached single car garage. It is located near the trendy down town area near Tommy Bahamas and the new King Street Grill. Unit is sold unfurnished. Call Linda for more information at 843.283.3417.

• Location: Market Common Myrtle Beach
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Hello from Market Common,

 The weather is awesome with lots of sunshine and low humidity.  We did have a few inches of rain this week, fortunately, which was instrumental in reducing the smoke and embers from the fires.  The air quality is almost back to normal, thankfully.

 Saturday, May 9th the King Street Grill is opening.  It is located across the street from our office.  I have been to the one in Charleston and it is one of my favorite pubs.  I definitely will be there tomorrow to sample the food.

 Memorial Day weekend in Myrtle Beach is going to be extra special this year.  The Market Common is going to be host to events honoring our former and current military members.  This promises to be one of the best events of the year.  Hopefully, you can schedule a trip at that time to be part of this inaugural event.

 Have you thought anymore about ownership in this community?  If you need help with the financial aspect, Kris Davis from the Bank of America would be glad to help.  Give him a call anytime at 843.283.7276.  We are offering new pricing this weekend only - call today to take advantage of this special incentive.

 I look forward to hearing from you soon.  Hope you enjoy the weekend.

Best regards,

Linda

Dock Street Communities Sales Associate

Century 21 Boling & Associates

843.283.3417

Sadly, our new theme park,Hard Rock, has filed bankruptcy.  It has only been open since April of this year.  Several of you emailed me that you were going to attend this unique fun park located in Myrtle Beach South Carolina.  I hope you were able to do so. 

We visited it a few weeks ago for the first time to see a concert by KC and the Sunshine Band.  They were awesome.  We also rode the Led Zepplin Roller Coaster - awesome.  I screamed for the entire 2 minutes but it was all worth it.

I hope some investor steps forward and offers to bail out the owners so that it can open again soon.  It is one park that adults truly loved and enjoyed...

The 'Extension Saga' is finally over.  I have been vying for Ripley's Believe It or Not in the category of the most viable contract extensions in real estate history.  Over the past 8 months I have been reporting on the number of extensions written on this one contract.

It started with a contract for the sale of a single family residence for $741,000 which was to close in February 2008.  The buyer was some exotic person who had his millions tied up in various foreign banks.  The story was that he was trying to have his funds released to an American bank but there were all kinds of obstacles that these banks were putting in front of him - sort of like a video game I guess.

Anyway, the first extension came and went.  At the second extension, the buyer's realtor asked if the seller and buyer could contact each other and work through the particulars.  I was dead set against it for many reasons.  The two principles agreed to work together, however, keeping the realtors informed at each step. 

The problems were many starting with the fact that no deposit was actually received because the buyer was going to pay 'cash' and close early.  That didn't happen.  By the time I had insisted, the two principles were 'buddies' and neither felt it was necessary. 

Once the fourth extension was written, I encouraged my client to change the status of his home to 'active' and write an addendum with a 'kick out' clause in it.  Again, they were 'buddies' and the buyer had agreed to pay the mortgage payments from February until closing.  My seller didn't think it was necessary.

The eighth extension was written.  Just before the closing date, my client was informed that the buyer's partner had absconded with the buyers entire fortune - several millions, supposedly. He could not possibly go through with the purchase.  Case closed.  Lots of lessons for me to learn on this one.