Don't Wait For the Hilton Head Buying Frenzy

I frequent the Hilton Head region of South Carolina periodically throughout the year. It’s truly a mecca for golfers and those into water sports as I am. I especially like Sea Pines, Hilton Head’s oldest and most reputable plantation. It’s over 55 square miles and has around 35,000 people residing there.

During my latest trip I took the time off from surfing to look at what was available for Hilton Head real estate and was astounded by what I saw. Not only are there plenty of properties that I’d be happy to call “home”, but prices had dropped considerably over last year when I’d lasted looked at any Hilton Head real estate. I suppose with the economy and housing market being what it is it was bound to affect coastal regions like Hilton Head eventually. That’s good news for me though since now there would be a whole lot more Hilton Head real estate that I could afford than there was before.

The housing market won’t stay this way. Interest rates will begin to go up just as soon as the employment rates do and that, my friends, is just around the corner. There’s no better time to put people to work than the summer months and there is evidence already that, as just one example, new home building permits are on the increase. Don't wait for the buying frenzy to hit here or you'll wind up paying a whole lot more in bidding wars for a property you could get at less cost right now.