New Construction - Myrtle Beach Real Estate and Century 21 The Harrelson Group

New Construction - Myrtle Beach Real Estate and Century 21 The Harrelson Group

New construction in Myrtle Beach has been one of the hardest hit segments of the real estate industry. We all remember the times where a new home or condo in Myrtle Beach would sell before construction was ever started. Not only was Myrtle Beach new construction popular amongst buyers looking for a primary residence,  it also became popular for the investor looking to flip for quick profit. We all know how that story ends.

For those looking for Myrtle Beach real estate, new construction is becoming a popular option. In many cases, you can buy a new home in Myrtle Beach for the same or less then a resale. This doesn't help existing homeowners yet buyers are happy.  At Century 21 The Harrelson Group, we have recently help buyer buy a new home for under $135,000.

As you travel through Myrtle Beach, look around and observe the amount of new homes being constructed. You wonder how they are building in such tough times.

The answer is simple...

1. They are buying land at cheap prices from the bank. Lots once sold for $150,000 now being sold for $30,000.

2. Construction costs are very low driving the expenses down as the prices fall in the market.

3. Banks are giving creative financing terms for builders willing to buy their problem properties.

If you are thinking of New Construction in Myrtle Beach then the timing couldn't be better.

If your not ready to build, you can still buy a Myrtle Beach foreclosure. There are hundreds of distressed lots for sale. Buy now and build later.