Myrtle Beach has been recognized by the leading tour operators in the country as a leader in vacation tours to the many area attractions. Myrtle Beach Oceanfront Condos for Sale, vacation real estate, and other Grand Strand properties are wildly popular because of the phenomenal growth in all areas of resort development. Myrtle Beach, South Carolina is one of the leading areas in the real estate market with warm weather and great attractions drawing new residents year after year. Money Magazine listed Myrtle Beach and North Myrtle Beach in their Top 20 of places to retire in the USA. Southern Living Magazine ranks Myrtle Beach as one of its top vacation destinations in the southeast. Why not invest in some Myrtle Beach real estate?
Buying oceanfront a condo in Myrtle Beach has become very popular to many that like the idea of renting to vacationers while enjoying vacationing themselves to their properties. Tourists that are looking for a great place to relax and have some fun usually find themselves coming to Myrtle Beach because we have what they need. The City of Myrtle Beach is the heart of the Grand Strand, a 60-mile crescent of beach on South Carolina's northern coast. Our tourists come to play golf on one of over 100 championship golf courses. They come for shopping in the multiple boutiques and outlets, dining in five-star restaurants, and live theaters and shows. Myrtle Beach is the premier resort destination on the East Coast, hosting visitors from all around the country and the world. The Myrtle Beach area has become very popular as a 2nd home destination. With the first Baby-Boomers becoming of retirement age we have seen a number of people move south to Carolina's, in particular, Myrtle Beach. Many find Florida too warm or not close enough to their families.
The two most popular condos sought after are condos near the beach and condos around golf facilities. There are major differences between these two types of condos, and they should be researched thoroughly before purchasing a unit. The ocean condos tend to have higher maintenance fees, and traditionally have more of a chance of special and insurance assessments. Of course, the rental income is usually much higher on the ocean. That's where people want to vacation, so the weekly rates generate more income for an owner.
Myrtle Beach has earned the name of being the "Coastal Golf Capital of the World". As a result of this popularity, many golfers now purchase condos on golf courses in Myrtle Beach. With over 100 golf courses to choose from in the area, it is not hard to find a condo around a golf course.
When looking for a condo to invest in, you can choose from the many amenities available. Right now these properties are luxury and are affordable two words that we don't hear together that often. Some condo amenities include multiple pools, Jacuzzi hot tubs, Water Park, kiddie pools, tiki bar, gift shop, restaurants, video arcade, men's and women's sauna, lazy rivers, exercise room, oceanfront balcony, hi-speed internet, cable, and some even have a bowling alley.
There is a market for foreclosure or short sale condos in Myrtle Beach, SC. Some of the oceanfront condos that are in foreclosure here are at half the price they were when they were sold several years ago. Smart investors are taking the decision of buying these low price foreclosure properties and holding on to them until prices rise again.
Do you want to take part in this great opportunity? Make sure you have a real estate agent that is on top of their game and that is up to date with all the foreclosure properties around. Finding a pro that is willing to go to work for you will benefit you greatly. With local real estate markets rebounding, especially on the water, now is the time. Don't wait ‘til it's too late.
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