Mike's Myrtle Beach Blog

The Mini Myrtle Beach Real Estate Shift

Mike Benton (The Benton Group) — Wed, 01 Apr 2009 20:10:37 -0500

I have been in real estate hell for almost two years and I feel as though I am out! Why? The Myrtle Beach Real Estate market is making what I call a mini shift! We are writing more contracts, taking more calls, and the action is back. Buyers are starting to come to the market faster than we can deal with them. Offers are going in on short sales, foreclosures, developer close outs and more. There are many reasons but just like the media crushed the real estate market the media is talking now is the time to buy. Depending on who you talk to would determine on whether you belive it or not but the bottom line is the prices are at five to seven year lows, interest rates are low and cash buyers are on the way.

Myrtle Beach Short Sales are still a very difficult process but you can find great deals if you can find the right team that knows how to deal with the process. Make sure you ask your realtor about the best way to find short sales and deal with the bank.

Myrtle Beach Real Estate

Mike Benton (The Benton Group) — Sun, 29 Mar 2009 19:27:48 -0500

With existing home sales rising across the coutry and spring in the air Myrtle Beach Real estate is picking up. We have put over ten contracts in over the past few days. The best deal going are the condos at World Tour in Myrtle Beach. You can get a two bedroom as low as $109,900 and a three bedroom at $149,900 all with golf course views. These prices are .50 on the dollar from the developer and we only have a few units left. Now is the time to buy!

Other exciting new is www.myrtlebeachforeclosures.net just added a new MLS feature to it's site and has quickly become the most visited site for Myrtle Beach Foreclosures in the area. Our team sells 90% of all assigned bank owned listings!

The buzz word is still forelcousres, short sales, etc....but get them while they are hot because this market is moving!

Myrtle Beach Short Sales

Mike Benton (The Benton Group) — Sun, 15 Mar 2009 11:11:46 -0500

This week has been so busy with requests for us to list people's Myrtle Beach Short Sales. Our websites are getting more traffic but many people are upside down and need a way out. With the new bailout and banks backing off now is the time to work on short selling your home. We just completed a short sale at the Coral Beach Resort for a corner one bedroom that sold for $135,000. The deals are everywhere and like buses you just have to know which one to hop on. Short Sales are easier to work with now because banks have had over a year to learn how to deal with them however most realtors don't know the first thing about what type of information is required from thier sellers. There is allot of paper work that is necessary for getting the short sale done quickly and effectively.

Both short sales and Myrtle Beach Foreclosures are both on the rise but thier are more buyers in the market than I have seen in over three years. This is going to be the last spring people get to buy properties at fifity cents on the dollar. If you want an oceanfront house or a vacation condo now is the time. Rates are low, property values are at ten year lows, and banks are dropping prices. It's a buyers pariadise.

Tampa Bay Foreclosures

Mike Benton (The Benton Group) — Mon, 02 Feb 2009 21:11:59 -0600

There is a new site that just became the number one resouce for Tampa Bay Foreclosures. Please check out one of the most useful sites for Tampa Real estate.

Myrtle Beach Market Update

Mike Benton (The Benton Group) — Mon, 05 Jan 2009 20:18:37 -0600

The Myrtle Beach Real Estate market remains steady with over four hundred units sold in the past thirty days. Below is a chart that shows the breakdown of what has been sold in the past thrity days:

2 Commercial Units Two Sales at $175,000 and $420,000
247 Residential Units with an average sales price of $237,977.00
112 Myrtle Beach Condos/Townhomes with an average sales price of $171,551
33 Lots/Acreage with an average sales price of $82,459

Even with financing remaining tight well priced Myrtle Beach Condos and Single Family Residences are still selling.

Contact The Benton Group for any of you real estate needs.

Bank Owned and Foreclosures

Mike Benton (The Benton Group) — Mon, 25 Aug 2008 16:57:43 -0500

Existing home sales were up surpassing expectations, what they don't tell you is that thirty to forty percent are foreclosures and/or short sales.

The Myrtle Beach market is still steady with over two hundred and thiry two units sold over the last thirty days with the average price being at $184,000.

There are currently two hundred and thirteen bank owned properties on the market. You can find a full list of Myrtle Beach Foreclosures at www.myrtlebeachrealestatehomesandcondos.com

Poll for Best Condo Buildings In Myrtle Beach

Mike Benton (The Benton Group) — Sat, 14 Jun 2008 09:31:14 -0500

There are so many great condo buildings in Myrtle Beach, North Myrtle, Surfside, Garden City, Murrells Inlet, Pawley's Island, Litchfield, and Georgetown. What I am going to is start a poll that lasts thirty days to find out the top ten condo buildings on the Grand Strand and why? Then I will post starting on the thrity first day number ten and then announce on the tenth day what building earns the number one spot.

Please feel free to email me your favorite building on the Grand Strand at mikegbenton@gmail.com

I will be emailing my database of over twenty thousand to get their feedback.

Let's all see who earns the number one spot!

Myrtle Beach Condo Market

Mike Benton (The Benton Group) — Fri, 13 Jun 2008 07:58:09 -0500

Since January 1st there have been one thousand two hundred and nine condos sold in the Myrtle Beach area. However that is only nine percent of the total inventory on the market. In today's market sellers must choose an agent with a track record of closings not listings. Our team has sold over two hundred properties in the past twevle months with unique marketing efforts that most realtors don't implement. Just posting a lisiting on MLS does not work in today's market conditions. We give our sellers exposure on over three hundred websites worldwide and have a closing ratio of over ninety percent listed versus sold. I want to say a special thanks to all fathers who spend time with their families. I was lucky enough to have a father that put family first. Happy Fathers Day to All Dads!

Days on the Market Condos in Myrtle Beach

Mike Benton (The Benton Group) — Mon, 09 Jun 2008 08:22:34 -0500

Over the past thirty days the average condo sale in Myrlte Beach has been $221, 236 with 290 total units sold. The average days on the market 242. The area with the most sales was the heart of Myrtle Beach however Carolina Forest remains strong with 13 sales with an average price of $147,000. Coastal Villas had two sales in the month of May and traffic has picked up. With Coastal Carolina University to start school in only 65 days we expect to have all units occuppied by Sept. 1st. Check back for a condo foreclosure update later in the week or visit www.myrtlebeachcondos.net.

Hark Rock Park

Mike Benton (The Benton Group) — Fri, 06 Jun 2008 15:52:07 -0500

Thanks to everyone who has gone out to support the new Hard Rock Park in Myrtle Beach. Hard Rock has been a great addition to the area and we look forward to all the new amenties and attractions that it will bring.

The condo deals on two bed two bath units within walking distance of the park that are priced to sell. I have a line on a few foreclosures and short sales that can be picked up at .50 to .60 cents on the dollar.

Don't let high crude oil prices scare you into not enjoying today. These prices will come down soon because Americans have already changed their driving habits and this will be reflected in three to four months.

I hope everyone enjoys the weekend.