6 Reasons Why Those Who Don't Buy Myrtle Beach Real Estate Now, Might Regret It Later
Buying a condo or a home is a big decision. So it's understandable that someone that is considering purchasing Myrtle Beach area real estate may take their time and avoid rushing into such a commitment. However, several factors may leave a prospective Myrtle Beach Real Estate buyer, who dosen't purchase a property now, wishing they had taken action sooner.
The current market conditions have created the perfect storm of sorts that has makes it an ideal time to purchase a Myrtle Beach Condo or a Myrtle Beach House. Those who have the desire, and the means to buy now, but don't, aren't likely to see such a great opportunity again anytime soon!
We currently have a window of opportunity we don't know how long it will last. But we can say that very Best Myrtle Beach Real Estate deals are selling fast. Right Now! We are actually seeing oceanfront condo prices increase.
1) Record affordability with home / condo pricing
2) Historically-low interest rates
3) The very best properties are selling fast, and inventory is moving quickly
Everyone knows a deal when they see one. In the last 3 months seems like everyone has finally woken up and realized, "Wow it is a great time to buy, and there are some fantastic deals"
The beach has been packed every weekend with buyers snatching up the very best foreclosures and short sales. We are moving through the inventory very fast.
Buy when they are selling and sell when they are buying. Well let me tell you, they are buying.....very quickly.
We just listed a house for sale on a Friday afternoon and by Monday morning we had 10 offers to buy. We presented all the offers to the seller, and they choose the highest and best offer. It went for over asking price. Why would someone pay over asking price for a house in this market? Because at these prices, properties are way under value.
The media is slow to react. You will hear about this 6 month from now after the fact. We have our finger on the pulse of what is going on. We are the experts in the Myrtle Beach Market for Foreclosures and Short Sales. We are the top ranked Realtors in Myrtle Beach because of knowledge of the market and skill level. When you are ready, and coming to the beach, we go to work for you, in your best interest and show you the good the bad and the ugly. By the end of the day, you will know what is average and the way above average.
This market is not what it was a few months ago. Some parts of the country are very slow. But in Myrtle Beach this market is flying. The lure of the beach and ocean has not gone away!
Why is the market in Myrtle Beach flying?
When you can buy a 5 bedroom condo that was originally $950,000 in the height of the market, and you can now purchase it for $197,000. If you can't see this is a deal, then you probably don't need to be looking at real estate.
Here are some examples of how Myrtle Beach oceanfront properties are increasing in value right now. (YES, I KNOW YOU CAN'T BELIEVE IT, BUT I DID SAY INCREASING IN VALUE!)
•- Caribbean unit sold a few months ago for $93,000. Now the last sale was for $121,000. They are now listed for $129,000. To $149,900.
•- Paradise Resort we sold a unit for $109,000 a few months ago now they are selling for $125,000 to $130,000. That is almost a 20% increase in a few months. Not bad at all.
•- Margate Tower, 3 bedroom sold for $400,000. A few months ago. Now the same exact unit a few floors up sold for $535,000.
•- Dunes Village we sold a few months ago for $200,000. Now they are $229,000
•- Caribbean 3 bedroom condo sold for $250,000 now they are $275,000.
•- Myrtle Beach Villas - 4 bedroom condo across the street, as few years back they were $450,000. We sold one for $118,000 WOW!!! Now they are $140,000 à NOTICE àa 4 bedroom condo across the street from the beach, in a building just 3 years old, with lazy river, pools, etc. NOW SELLING FOR $140,000 DO YOU SEE THE VALUE? That is why the market is moving fast!
Some of the very best deals are not on the internet. We have bank owned properties that we can show you in person when you are here, but we don't have anything to email you on these types of listings.
Just let us know when you are ready. We will pull the keys, set up the property viewing appointments, and put it together for you.
There is no time to waste for anyone who wants to take advantage of this great buying opportunity. If you can see that there are great deals right now, then you need to take advantage of the situation right now...
You will thank yourself down the road for buying now!
Are You Ready to get the inside track on the Myrtle Beach Real Estate Market?
Jerry Pinkas Real Estate Team