hilton head island: Mortgages in a Nutshell
- 04/04/09 01:30 PM
In these challenging times it is easy to think that it is impossible to get a mortgage if you spend too much time watching the news. The truth of the matter is that there is still plenty of mortgage money still available, but the qualifying guidelines have changed somewhat. If you are considering purchasing property, but are wondering if you can meet the qualifying guidelines there are a few simple steps you can take to give yourself some confidence.
The first step for someone considering purchasing a new home and taking on a new mortgage is to consider the additional … (1 comments)
hilton head island: Tradition National Golf Club Hosts Complimentary Golf Clinic
- 01/15/09 04:55 AM
Having trouble with your golf game or need a tune-up, but don't have the scratch to pay for a lesson? Tradition National Golf Club at Tradition Hilton Head is hosting a complimentary golf clinic for all skill levels and age groups at noon Saturday, January 24. The clinic will be led by David Wilding, Director of Golf at Tradition National Golf Club and a PGA Professional, and his staff. The session will cover all aspects of the game at Tradition National's new, state-of-the-art practice facility. Special rates and winter promotions for rounds of golf will also be offered. … (0 comments)
hilton head island: Why Do I Love Hilton Head Island?
- 12/09/08 02:43 PM
Well...here goes...I moved to Hilton Head almost 19 years ago when I was hired as a tennis pro at the Sea Pines Racquet Club right after college. As a tennis pro, Hilton Head Island was (and is) the premiere location in the United States as there are over 300 tennis courts with 4 tennis resorts included in Tennis Magazine's Top-50 Resorts list each year.The ambiance of the Island coupled with the fact that so many happy people reside and vacation here make life on the Island very appealing. Aside from the miles of incredible beaches, the purest green fairways you can … (3 comments)
hilton head island: Floyd Wickman SMART Program -- I Graduated!
- 11/26/08 01:40 PM
I had the pleasure and opportunity to attend the Floyd Wickman Program this fall on Hilton Head Island. My broker at Dunes Marketing Group organized for a Floyd Wickman trainer (Robyn) to give our group of 100+ agents a presentation highlighting the Floyd Wickman Program. After the presentation, several agents and I registered for the course. WHAT DOES THE FLOYD WICKMAN TEAM DO? They help brokers and their agents increase sales by causing them to: Master the art of Listing and selling real estate. Build and maintain a Salable Book of Business. Become and stay organized. Value the benefits of Teamwork and Mentoring. … (7 comments)
hilton head island: Housing Affordability Is Up!
- 11/20/08 04:07 AM
The Home Builders Association of South Carolina published a very interesting article in their latest newsletter. With housing prices down, and rates still historically low, housing affordability is the best in 4 years. Click HERE to read the full article. … (0 comments)
hilton head island: The Difference Between Pre-Qualification and Pre-Approval
- 11/19/08 06:25 AM
Ben Russ, Vice President of Hilton Head Mortgage sent me the following pertinent information regarding financing for a home on Hilton Head Island. Pre-qualification is the first step in obtaining mortgage financing.A potential borrower answers a few questions to provide the loan consultant with a quick snapshot of the borrower's income, existing debt, accumulated savings and whether or not there is a co-borrower. Signatures allow the loan consultant to run a credit report and begin to determine what loans are good candidates for this particular client. However, there are literally thousands of loan programs available.It is important for the loan professional … (2 comments)
hilton head island: Avoid Foreclosure with Deed-In-Lieu
- 11/15/08 06:06 AM
A common way to protect your property from being taken away by the lender on account of non-payment of your mortgage is a deed-in-lieu of foreclosure.Deed-in-lieu is a process in which the borrower failing to satisfy the loan obligation hands over his property to the lender. The lender may then sell the property in order to retrieve a part or whole of the amount borrowed from the sale proceeds.What is the process all about?When you go for a deed-in-lieu in order to avoid foreclosure, you need to sign legal documents such as the Agreement in Lieu of Foreclosure and a Warranty … (2 comments)
hilton head island: Quit Claim Deed vs. Warranty Deed - A Difference Indeed
- 11/11/08 01:25 PM
A quit claim deed is the legal way that one person (the grantor) transfers real property, such as a house or land, to another person (the grantee). As an example, a divorcing husband may quit claim his interest in certain real estate to his ex-wife. While the concept is simple and straightforward - relinquishing all ownership claims to a particular property - it's also important to note what a quit claim can't do. In renouncing claim, the grantor makes no guarantee or promise that the property is free of debt. Another important distinction is that the grantor makes no promise that no one … (2 comments)
hilton head island: Good News for Home Insurance
- 11/11/08 01:07 PM
Due to the efforts of our Insurance Commissioner, Scott Richardson, we now have many new insurance companies willing to write business for real estate in our area. All of the companies are A-rated or better and admitted to the State. This means that the insurers are bound by South Carolina's Guarantee Act. These new companies are competitive and give us options so that we are, in most cases, no longer bound to the expensive Lexington and Lloyds products. As a generalization, I would say that insurance prices have dropped to about 1% of the purchase price of the home, sometimes less. … (0 comments)
hilton head island: TRANSFER FEES - Realtor Perspective and Property Management View
- 05/28/08 02:09 PM
TRANSFER FEES: REALTOR PERSPECTIVEIt seems there are several new fees cropping up (just like taxes), that affect the value of your real estate. You may not notice them until you sell, but they could lessen the value of the house you live in. The following explains why.We have always had deed recording fees, one type of transfer fee.While most of these monies go to the state, some go to the county. Many people are familiar with the Town of Hilton Head Island's transfer fee, which remains on the island. It's hard to guess how much the former adds to the value … (0 comments)
hilton head island: Home Insurance Rates on Coast May Fall
- 05/15/07 06:01 AM
On May 9th, there was an article in The Island Packet that says "Rates on Coast May Fall". It was written by Seanna Adcox, and references legislation that received "key approval in the house" on May 8th. The new Insurance Director, Scott Richardson, is formerly from Hilton Head Island. This article has not been posted yet online, but I will keep an eye out for the article link.I will also be sure to keep you posted as more good news arrives regarding coastal home insurance issues... … (3 comments)
hilton head island: SOUTH FOREST BEACH CURRENT MARKET CONDITIONS
- 05/14/07 04:15 PM
We here at Dunes Marketing Group continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find up-to-date South Forest Beach villa real estate statistics as of today's date. I have chosen villas in the South Forest Beach area which include Tanglewood Villas, Courtside Villas, Surf Court Villas, Shorewood Villas, and Ocean One Villas. All of these villas are located either oceanside or within walking distance of the beach.Currently on the market: 43Under contract: 3Closed sales since January 1, 2007: 6 As you can see, it certainly is a … (0 comments)
hilton head island: 1031 Tax Deferred Exchange Information
- 05/12/07 11:07 AM
Interesting Stuff! What is a 1031 Tax-Deferred Exchange? In a nutshell, it's a way for owners of investment real estate to sell their property and buy other like kind property without paying the Capital Gains tax. These transactions are known as deferred exchanges, or 1031 exchanges, and allow the investor to continue their investment in another property without losing investment equity to taxes. CONSIDER THE FOLLOWING: ● You may have some non-income producing real estate investments, such as raw land, which are not giving you any cash flow. You could exchange this for property that is income producing, such as a … (3 comments)
Interested in a unique Harbourside community on Hilton Head Island with primary, secondary, or investment opportunities? Anchorage is located at 3 Shelter Cove Lane, Hilton Head Island, South Carolina, within easy walking distance to the marina, shops and restaurants. Other nearby conveniences include a shopping mall (the only indoor mall on the island), grocery store and art center all of which can be accessed without entering the main highway. Owners also have access to all the amenities of Palmetto Dunes Resort. A free shuttle service, the … (0 comments)
In these challenging times it is easy to think that it is impossible to get a mortgage if you spend too much time watching the news. The truth of the matter is that there is still plenty of mortgage money still available, but the qualifying guidelines have changed somewhat. If you are considering purchasing property, but are wondering if you can meet the qualifying guidelines there are a few simple steps you can take to give yourself some confidence.
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