Economy | Myrtle Real Estate

Real Estate: It’s not just about Price, Commission, and Sold Signs

July 15th, 2010

More and more in today’s world we get jaded with the world around us. In the world of real estate, we hear about prices, commissions and sold signs, but it is rare when we truly get a moment to enjoy and appreciate what is the American Dream. This Dream was alive and well many years ago, the dream of home ownership, to have your own part of the greatest country on Earth. We recently helped to make that dream happen.

Pat Higgins was a lady who decided to retire by the beach and in the warm sun of Myrtle Beach, South Carolina. She like a lot of people, only had the dream of home ownership but never really thought it was a possibility. Her quote in a recent Sun News article sums it up perfectly. “I came down here with the intention of renting because I rented my whole life,” she said. “I thought it would never be possible for me to own a house and here I am. … I was able to buy for about the same price I could rent for and I thought why not.” It was so nice, being a part of a wonderful experience. So many times, we get caught up in our work, and daily routine it is nice when we get to sit back and truly enjoy our profession of making the American Dream come true. Visit our Web site at www.myrtlebeachrealestatetoday.com/ to see all the advantages of buying in Myrtle Beach including low taxes, golf, sunny weather, and what else but the beach.

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Myrtle Beach Grows: Retirees & Low Taxes

July 1st, 2010

Myrtle Beach is one of the top 100 fastest growing areas in the nation. Baby boomers are seeking placees to retire where taxes are low; there are many activities such as golf and boating and the beach, and with taxes as low as only $600.00 a year on a home costing $160,000, why not choose to live in Myrtle Beach, SC?

In the past year, cash buyers have more than doubled and topped 50% for many months. Many buyers are either selling investment properties or their primary home in other places and moving to Myrtle Beach, SC.

Despite the economy nationwide, many more people are still selling homes up North and headed south to the beach. This will really help Myrtle Beach to be even more stable as investment properties are being dominated and overtaken by primary residents. Last year in Builder magazine the Grand Strand Myrtle Beach area was named one of the top 15 most stable markets in the nation… it only looks brighter for the future!

Myrtle Beach, SC -RETIREMENT DESTINATION- is a place people choose- not a place they are relocated to because of a job. According to the President of the Myrtle Beach Chamber of Commerce Brad Dean” The Grand Strand is positioned for explosive growth.” When looking for the perfect retirement area and home, visit www.myrtlebeachrealestatetoday.com/.

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Myrtle Beach: Pick Up Some Deals

September 10th, 2009

On Tuesday, September 8th a record number of foreclosed properties went under the auction block at the Horry county courthouse. Over 420 proprieties were auctioned off to the highest bidder. Of these properties a record 257 were sold. Buyers now more than ever are looking for a great buy and are becoming more and more aware of different options such as foreclosure auctions and short sales. With a ton of competition on the market, pricing your home right is now more important than ever. add to del.icio.us :: Add to Blinkslist :: add to furl :: Digg it :: add to ma.gnolia :: Stumble It! :: add to simpy :: seed the vine :: :: :: TailRank :: post to facebook

August 2009 Market Report

September 3rd, 2009

NEW UNDER CONTRACT SOLD AVG. MEDIAN DAYS ON
PRICE PRICE MARKET
RESIDENTIAL 803 58 267 $223,686 $183,495 197
CONDOS 579 68 154 $305,627 $197,500 258
LAND 397 22 41 $87,045 $54,000 206

Of the 154 Sold condos, 30 were oceanfront. August 2009 was also the beginning month for closing on the fabulous North Beach Towers where owners are now enjoying the finest living in Myrtle Beach. Properties are back to 2002 prices AND investors, first-time buyers, & those seeking a second home are taking advantage of these great, low prices!
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Economic Predictions

January 8th, 2009


Economists are saying the US is in the worst recession in the past 50 years- so where do you go from here and where do you invest your money? Everything is reversing in the market at this point from student loans; credit cards; to bonds causing a recession across the world.

Rise in unempolyment- expected to be around 9%-; the falling real estate market values by up to 25% are going to impact everyone.

From CNN Money FORTUNE , Roubini in 8 really, really scary Predications, analysists suggest avoiding investing in the stock market- commodities- and credit. Cash and government bonds and items with lower returns are the way to invest rather than taking risks at this time. With the dropping costs of housing and sellers accepting lower prices, this could be an opportune time for buyers- especially first timers to take advantage of the market. Myrtle Beach Real Estate has many homes and Condos priced under market value and prices hugely reflect the “recession” many experts claim we are experiencing. Low interest rates also make this a very exticing time to be a home or second home owner- maybe get that beach home or condo you dreamed of 2 years ago and save 25%.


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