myrtle beach real estate: Sometimes Cash Is NOT King!
- 05/30/10 09:03 AM
In my last post, we discussed how sometimes a foreclosure really isn’t a foreclosure. Today, we’re going to dispel another Myrtle Beach foreclosure myth. This goes against the conventional wisdom of real estate, and it will probably annoy you. Are you sitting down? Here it is: Most investors, especially Myrtle Beach real estate buyers, believe that making a cash offer on a foreclosed property will get them a better deal. I’m here to tell you that this is not true. Here’s why: the bank does not want to own the property. The bank wants out, as quickly as possible, and with … (4 comments)
myrtle beach real estate: Buyer Beware: Sometimes A Foreclosure Isn't Really A Foreclosure
- 04/24/10 05:05 AM
Smart buyers know that there are numerous ways to purchase foreclosed real estate in Myrtle Beach. Each option differs greatly in how you'll get the best deal. Buying a foreclosure on the courthouse steps is radically different from using a Myrtle Beach Realtor to help get you the best deal on a foreclosure listing in our MLS. What many people don't know is that there is an increasing number of Myrtle Beach real estate listings right now that are being advertised to the public as foreclosures - but they aren't really foreclosures. Well... let me rephrase. The property WAS foreclosed on. … (1 comments)
myrtle beach real estate: Is That A Light At The End Of The Tunnel?
- 03/10/10 11:53 AM
The Myrtle Beach real estate market may appear to be at the bottom of a hole, but Builder magazine (the trade journal of the home building industry) expects our market to dig its way out this year and begin its climb back to the top. Builder magazine ranked Myrtle Beach among the top 20 “healthiest housing markets for 2010,” highlighting the area’s continued influx of new residents and a recent increase in building permits. Myrtle Beach’s appeal and the pent up demand to move to the area persists despite the tough economic times, according to Fred Coyne, President of the … (2 comments)
myrtle beach real estate: Sellers: Get More Money At Closing
- 03/06/10 05:18 AM
If you are selling Myrtle Beach real estate these days, you’re probably looking for all the advice you can find on how to maximize your ultimate sales price. Why not take advice from the group of people who can tell you what your home is worth – and how to make it worth more? That group, of course, are real estate appraisers. Working on your behalf, their advice could help you sell for more. What do they look for? Here are their top three pieces of advice: 1. Paint and carpet. A fresh coat of paint (white or off-white is best) … (1 comments)
myrtle beach real estate: How Bad Is It?
- 01/31/10 09:24 AM
South Carolina is hurting, and the housing market feels the pain. Data released through the Home Mortgage Disclosure Act shows a mixed bag of hardship and promise throughout the Myrtle Beach real estate market. While it is true that our market freefall has ended, and 2009 home sales ended the year above 2008 numbers, the real newsmaker is the sheer magnitude of the decline, with sales dropping by more than 80% in some areas. The one bright spot in the Myrtle Beach market is the area east of Kings Highway from 8th Avenue North to Withers Swash, which experienced an … (3 comments)
myrtle beach real estate: Myrtle Beach, eh?
- 01/04/10 12:43 PM
Myrtle Beach resumes international jet service on February 28th when Porter Airlines begins service twice weekly from Toronto's Island Airport. This is good news for Myrtle Beach, since almost half of Canadians who went elsewhere to play golf did so because they couldn't get here easily. And the timing couldn't be better, since our annual Canadian-American Days Festival runs March 13-21 and typically draws about 100,000 visitors. Porter said that it will use the off-season start-up to gauge response and decide to expand service here in time for the busy summer season. Richard (who lived in Montreal for a … (0 comments)
myrtle beach real estate: Horry County Property Tax Authorities Living In (On?) The Past?
- 12/11/09 05:25 AM
We at Price & Company Realty have a number of clients who are very unhappy recipients of their property tax bills that arrived in their mailboxes last month. These folks own property here in Myrtle Beach and have watched the value of surrounding properties drop like anvils in a Road Runner cartoon. Now they receive their property tax bill, which shows that the tax assessor thinks their property is worth what it was worth four years ago! Well, we all know that it just ain't so. The good news is that the Horry County Assessor's office has a … (0 comments)
myrtle beach real estate: Were You Waiting For The Other Shoe To Drop?
- 12/01/09 12:06 AM
If you were waiting for the other shoe to drop before dipping your big toe back into Myrtle Beach real estate, this is it. A recent USAToday featured an article on second homes, and guess which destination they chose to highlight with the headline, "Second homes: Golf, sun and sand for less..." ? There were the usual mass media mistakes, such as calling Myrtle Beach the home of the shag (that's North Myrtle Beach), and adding nonexistent apostrophes to Murrells Inlet and Pawleys Island. The writer probably pronounced Horry County with the "H" sound, too. That's okay. Rookie … (0 comments)
myrtle beach real estate: Fly Nonstop to Myrtle Beach from Washington DC
- 10/22/09 02:15 PM
USAirways recently announced changes to its service including new nonstop service between Myrtle Beach and Washington DC’s Reagan Airport. This is great news for Maryland and Virginia owners of Myrtle Beach real estate, and for Grand Strand residents looking forward to our airport’s expansion. USAirways didn’t release start dates or other details, but we’re thrilled to be on their expansion radar. … (1 comments)
myrtle beach real estate: The Top Five Ways Myrtle Beach Home Buyers Sabotage The Deal (And They Don't Even Know It)
- 08/30/09 01:24 AM
Everyone wants a good deal. But wanting it - and getting it - are often more art than science. From the selling side, we see buyers making the same mistakes over and over again. If you are considering buying Myrtle Beach real estate this summer, pay close attention to these five ways to sabotage your deal: 1 - The "Deal Of The Century" Sabotage: Imagine you are having a garage sale, and someone comes along and purchases some old piece of crap for a dollar. You're happy to get it off your hands, and they're obviously happy enough to pay … (1 comments)
myrtle beach real estate: Now Is The Time To Get Off Your…
- 07/28/09 05:30 AM
Seriously, what are you waiting for? Are you waiting for the New York Times to run a lead article with the title Is This What The Bottom Looks Like? (They did.) Are you waiting for USA Today to run articles about how the demand for foreclosure bargains is so high in many markets that homes are receiving multiple offers, resulting in sales above the asking price? (They did.) Or, are you waiting for someone smarter than you to tell you that we’ve hit bottom? (Don’t bother. Anyone who claims to be able to do this is a fraud. If Warren Buffet … (0 comments)
myrtle beach real estate: Some Businesses Don't Deserve Yours
- 07/26/09 12:02 AM
We make a point of posting outstanding experiences with local businesses. But today we’re going to do exactly the opposite. The Better Business Bureau makes public a list of businesses who do not answer consumer complaints, and there are a number of Horry County businesses on that list with whom Myrtle Beach real estate owners and buyers might have reason to do business with. We won’t pass judgement on any business on this list, and we welcome responses from consumers and businesses alike. Horry County businesses on the list: A & H Air Conditioning A&E Appraisals B. Mitchell Photography Beach Computer … (1 comments)
myrtle beach real estate: Thinking of Buying Real Estate This Summer? Here’s Some Change You Can Believe In!
- 06/07/09 02:17 AM
Now that Fannie Mae’s and Freddie Mac’s new system of appraisals is in place, mortgage brokers, appraisers and Realtors are furious over higher costs for consumers. Under the old system, the lender would call an appraiser, the appraisal would be done, often in as little as 48 hours. Now, the “Home Valuation Code of Conduct” imposed by Fannie and Freddie takes the choice of appraiser away from the lender and into the hands of third-party management companies, some of whom are owned by major lenders such as Bank of America and Wells Fargo. This has The Appraisal Institute (which represents 20,000 … (0 comments)
myrtle beach real estate: National News, Part 2
- 04/24/09 02:34 AM
Over the last 36 hours, we've been inundated with calls from concerned friends, family, clients and well-wishers. We've put together a single source for fire-related news, pictures, video, maps and links on our website, and we will be updating it regularly. (We must be doing something right; Chris Price got a shout-out last night on the WPDE newscast at 11pm.) … (0 comments)
myrtle beach real estate: You Know You've Made The National News When...
- 04/23/09 06:51 AM
I don't know who said this first, but the farther away from the Truth you are, the less reliable is the "news" you hear. We're getting calls today from owners of Myrtle Beach real estate from the west coast, even Canada. They way they heard it, all of Myrtle Beach is now scorched earth, and that couldn't be further from the truth. Yes, there are areas that are devastated, and more than 50 homes (and lives) have been irrevocably changed forever. Yes, it is a dangerous situation, still not under complete control. But we will get through this. We always do. … (1 comments)
myrtle beach real estate: 'Hard Rock Park' reinvents itself as 'Freestyle Music Park'
- 04/11/09 04:03 AM
The new owners of the former Hard Rock Park announced this week that the park will reopen Memorial Day weekend as 'Freestyle Music Park.' The park will remain musically-themed but expand beyond rock n' roll to encompass country, reggae, beach music, pop, R&B, Christian and yes baby, even disco. The naming of the park gives the company a springboard to launch other parks under the Freestyle brand. Steve Baker, president of FPI MBE, said, "We own the name, leaving us unencumbered by one specific brand. This will allow us... to explore other opportunities and collaborate with national and international brands that … (0 comments)
myrtle beach real estate: "How's The Myrtle Beach Real Estate Market?"
- 04/01/09 01:25 AM
This is the #1 question everyone asks about the Myrtle Beach real estate market these days. My answer is in two parts, and it depends on who you are and what you're doing. Are you a buyer or a seller? Are you a short-term speculator or a long-term investor? First, real estate markets always move in cycles, and these cycles are always changing. As shown in this illustration, we are either at the top of the market, falling, at the bottom, or on the rise.
Clearly, the best time to buy is when the market is in … (1 comments)
myrtle beach real estate: Fewer Homes For Sale, More Homes Sold. It’s Time…
- 03/30/09 11:28 AM
The number of homes for sale along the Grand Strand in February - roughly 13,233 - is down from last February's 14,310. The number of homes snapped up during the month - 326, according to the MLS - was higher than January's 284. Take your choice - agree with and bemoan the doom and gloom today, and lament in 2010 that you should have bought in 2009... or let us show you one of the great real estate deals to be had in Myrtle Beach today.
It's time to get off your ass. … (0 comments)
myrtle beach real estate: Banks Should Stay Out Of The Real Estate Business!
- 03/28/09 02:18 AM
After eight years of discussion, disagreement and dirty-name-calling, Congress finally wrote, and President Obama this month signed, a law permanently prohibiting banks from being in the real estate brokerage and management businesses. At its core, this is a consumer protection issue. Banks are an integral part of the business of housing, and banks must play their part - but only their part. Imagine the conflict of interest that could arise if your real estate broker (who works for Bank of Myrtle Beach) refers you to Bank of Myrtle Beach for your mortgage. We’ve sald all along that banks do not belong … (0 comments)
myrtle beach real estate: The Top Seven Dumb Mistakes Myrtle Beach Foreclosure Buyers Make (And How To Avoid Them)
- 03/24/09 01:16 PM
With the number of foreclosed properties in Myrtle Beach on the increase, it makes sense to include them in your search for the perfect purchase. But buying a foreclosed property, especially in today’s financial environment, is very different from what you may be familiar with. We’ve watched a lot of folks make dumb mistakes buying bank-owned real estate, and we have a few suggestions on avoiding their mistakes: Mistake Number One - Using Emotion. When buying a foreclosure, you’re not negotiating with a private owner who has an emotional attachment to their property. You’re dealing with a bank who wants to … (0 comments)
In my last post, we discussed how sometimes a foreclosure really isn’t a foreclosure. Today, we’re going to dispel another Myrtle Beach foreclosure myth.
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