Agents across the country are looking for positive signs that the real estate markets are ready for their investors. Of course, nobody has a crystal ball that gives the ability to predict the future of real estate. All anybody can do is keep their eyes on the market and look for important trends that indicate the direction the markets will likely go. I think real estate agents have to look beyond their local market in order to best position their buyer or investor clients in opportunities where they may realize a huge upside while protecting their downside risk.
As most of you know, Myrtle Beach is a resort/investor market that was hit by the economy more then many other markets. But because we are such a huge tourist destination, Myrtle Beach homes and condos - and real estate in general here will be popular for many years to come.
Here a a few facts as to what is happening in the Myrtle Beach real estate market according to my sources. Some of these facts may be the reason why investors and buyers should look at our area.
1. The supply of Myrtle Beach homes and condos is starting to decline quickly.
2. There are many properties that are starting to see multiple offers.
3. The average number of days on the market is declining.
4. Foreclosures are on the decline and the quality properties seem to be selling fast.
5. Some properties are selling for more than full price.
It is too soon to tell if the real estate markets across the country are starting to recover, yet when looking at the above facts, it appears that Myrtle Beach may be a destination where you can buy a vacation home and find a great investment, too. Most of our condos and vacation homes bring in a substantial rental income when handled by a reputable Myrtle Beach condo rental company.
Feel free to contact Greg Harrelson for more information whether you are an agent with a client who is interested, or if you are an investor looking to take advantage of today's economy. He can be reached by phone at 843-457-7816 or GregHarrelson@Gmail.com.
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