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The Golden Rules on Buying a Myrtle Beach Real Estate

By
Real Estate Broker/Owner with Jerry Pinkas Real Estate Experts

Are You Ready To Move To The Beach?

There are 1000's of oceanfront condos and new home communities to choose from in Myrtle Beach. But which condo building is the best one to buy? What home development is the best to live in? What are the rules for buying Myrtle Beach real estate?

One of the biggest draws to buying a condo or a house in Myrtle Beach is the fact that this area is the cheapest place to buy a beach property in the USA.

beachfront condos in Myrtle Beach

 

Questions to ask before buying:

  1. Are you looking for rental income or is this a second home or primary residence? How you answer may point you in two completely different directions. Properties that give the best rental numbers, may not necessarily be where you want to live. Also, the best places where you want to live may not give the best rental numbers. So its best to sort out your primary objective before starting your search.
  2. How are you paying? Seems like a simple question, but may make a difference in what you can actually buy. If your paying cash, make sure you get a proof of funds letter for when you put your offer in. And your letter should to the exact dollar amount of your offer. No need to "show your cards" and tip off the seller that you can afford more than what you are offering. If you are financing, there are several things you want to focus on. If it ist a condo you desire, make sure it's not considered a condotel. Condotel financing gets a little harder because banks consider these riskier to lend money on. A condotel is a condo that has a front desk and can be rented by the night, the week or by the month. They are more commercial layouts and are put into a rental pool between other units in the building. Condotels are also considered more of an investment property and people are more willing to walk away from an investment rather than their primary residence or a second home. 
  3. You want to weigh the pros and cons of your purchase. Do you see the advantages as well as the disadvantages of this purchase? If you think in these terms, we can assure you it will usually be a great long-term plan. 
  4. Work with a knowledgeable agent. Seems like a simple idea, but it is crucial in dealing with properties in a secondary market. Experience and knowing the market inside and out is a skill that takes much time and devotion to develop. You don't want an average broker, especially when it's outside your market. An experienced professional agent listens, is truthful, and tells it like it is. And you want to know all the "what else should I know"

 

Did you know that two and three-bedroom oceanfront condos on the beach are among the highest demand and most desirable and make up 41% of the condos for sale.  One-bedroom units tend to have high occupancy rates since families are typically willing to sacrifice a smaller property size to be on the ocean.

 

Myrtle Beach Homes

Myrtle Beach Homes for Sale

Myrtle Beach home prices have a range to suit almost everyone's real estate needs. When you're searching the available homes for sale in Myrtle Beachyou will find that average houses in Myrtle Beach can range from about 180,000 to 400,000. The Myrtle Beach area offers luxurious waterfront real estate, oceanfront real estate, and golf course real estate with prices from 400,000 to 4,000,000.

Whether you are purchasing your first home, purchasing a mansion on the oceanfront, or you are a seasoned investor, doing your research upfront will protect you and usually give you the upper hand. 

 

Moving To Myrtle Beach and Living The Beach Life

Can you imagine what it's like to wake up and drink your coffee while overlooking the beach and ocean from your private balcony? How about taking a long walk on the beach and discovering all the treasures the ocean has washed up for you. This beach life is awaiting you! Coastal living is not just a magazine, but an actual lifestyle. If you have been thinking about a second home or looking for additional rental income, now is the time to take advantage of current pricing. Myrtle Beach is the 2nd fastest-growing metro area in the nation. There is a reason people are moving to the Grand Strand. Low taxes, fantastic beach lifestyle, low cost of living, and relaxing are only part of the desire to move to Myrtle Beach. 

 

Comment Below if You Are Ready To Move To The Beach

 

Posted by

Coastal Carolinas Top Real Estate Firm - Serving Myrtle Beach, North Myrtle Beach, Surfside, Garden City, Murrells Inlet, Loris, Longs, and Conway SC

 

Jerry Pinkas Real Estate

Jerry Pinkas Real Estate Experts

https://www.jprealestateexperts.com/

https://www.myrtlebeachcondoforsale.net/

 

 

843-839-9870 - 604 N. 27th Ave. Myrtle Beach, SC 29577 

 

Helping Sellers and Buyers Achieve their Dreams

Visit our website http://www.homeguidemyrtlebeach.com for more information.

 

 

 

 We Look Forward to Answering Your Questions and Helping YOU... Talk Soon!

 

 

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