Myrtle Beach Real Estate Report

When is the right time to buy property in Myrtle Beach?

Whenever you are ready! If you are ready or almost ready consider this:

Here are a few good reasons to buy property in Myrtle Beach:

1.    You love Myrtle Beach!

2.   Prices are the Lowest they’ve been in Years

3.   Historic Low Interest Rates

4.   Short Sales and Foreclosures are on the Rise

5.   Mortgage Payments are Cheaper than Renting

6.   You Can Afford Your Dream Home

7.   Have You Sold Your Home in Another State? – Have Equity?

How can I tell if a Myrtle Beach property listed for sale is a short sale or a foreclosure?

This information is included and required to be disclosed on the property listing provided by the MLS.

What is a Myrtle Beach short sale?

Generally, a “short sale” occurs when the owner owes more to the lender than the property is listed for. The lender and seller agree the proceeds from the sale would be “short” of the amount to repay the loan.

Is a short sale or foreclosure more complicated to purchase?

Slightly; short sales and foreclosures are more complicated and require patience. Buyers should consider the value of a local Realtor® experienced in these transactions.  Foreclosures are owned by the Lenders and generally move faster to settlement than Short Sales. The Seller in a Short Sale must prove financial hardship to their Lender.

How are condos listed and priced in Myrtle Beach?

Myrtle Beach condos, generally speaking, are priced according to their location, size and condition at what the Market will support.

Can I get a mortgage in any condominium building?

Mortgages for condominiums are more complicated than obtaining a primary mortgage.  Ask your agent for details.

Is all the condo furniture included in the sale?

Most condominiums in Myrtle Beach are sold “turn-key” – with all furniture, decorations, TV’s, kitchen appliances and utensils, window treatments, etc. included.  However, exclusions are possible. Conveying furnished is the normal procedure.

Can I rent my condo later if I want?

Generally, you are free to rent out your own condo anytime. There are very few condos in Myrtle Beach that restrict or prohibit rentals. There are numerous Rental Agencies to choose from in Myrtle Beach. Most condo rental will occur on a weekly or mini week basis during the summer months of June through September. Myrtle Beach is considered a vacation resort town, but year round and seasonal rentals are also possible. I am not a rental agent but I can refer you to rental agents here in town for more information. I recommend speaking to a qualified rental agent to learn the requirements to rent including Town license, and commission plus cleaning fees.

Who gets the rent?

Normally, the buyer at settlement gets the rent monies booked for the current or upcoming season, including deposits, depending on when you settle. Buyers are at a financial advantage when purchasing a booked rental condo prior to the season. Listings will indicate if booked rentals must be honored. Rental agencies will charge the owner a percentage fee to handle the rental management of your condo. Owner is responsible for utilities, cleaning, maintenance, and repairs inside the condo.

Do I need insurance?

A large portion of the “condo fees” on the property listing covers the insurance to replace the condominium building under certain circumstances. No mortgage is possible without it as Myrtle Beach is in a floodplain. This Condominium insurance does not cover the interior of the unit.  It is the individual condo owner’s responsibility to carry insurance for the unit’s interior; however it is not required. If you are renting, it is a good idea to carry insurance which will also include coverage for liability and/or damages from rentals. Many rental agencies now require the renters to purchase a rental policy that protects the condo owner-ask your rental agent about this.

If you are interested in selling a Myrtle Beach Condo or Home or investing in a Myrtle Beach Oceanfront vacation condo, call Jerry at 843-839-9870 or sign up for LISTING ALERTS at http://www.buybankownedmyrtlebeach.com/

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Jerry Pinkas Books 

Best-selling author Jerry Pinkas goes in depth with his latest Jerry Pinkas Book, to reveal the secrets to buying beach real estate and getting the deal of the decade in Myrtle Beach, South Carolina.

Read this book to find out…..

  • Why Right Now Is the Time to Buy.
  • How to find the Very Best Deals, with Strategies designed specifically for Today’s Market.
  • How to Magnetically Attract the Sellers so they accept your offers.
  • How to Massively Increase the cash flow on your rental properties.
  • And Much, Much, More!

Jerry Pinkas Author:

Jerry Pinkas, truth-telling author of the popular Insider Secrets to Beach Real Estate books, nationally known real estate expert, investor, trusted advisor, consultant and coach to thousands of private entrepreneurial clients, shares his personal knowledge by teaching buyers & sellers the Inside Secrets to Myrtle Beach Real Estate in South Carolina!  Leader in the real estate information industry with products including books, home study course and online courses. His highly respected team, Jerry Pinkas Real Estate Experts, was recognized as one of the top 250 real estate teams in the nation by the Wall Street Journal and Real Trends Reports.  Jerry, having over twenty-eight years of experience investing in real estate, works hard constantly refining the process of buying and selling property. Obsessed with marketing and improving very efficient systems, Jerry is always eager to give the insights, tips and secrets to his clients during their real estate buying and selling process.

 

***Don’t forget to visit our product section on our website to get your Jerry Pinkas Books today! ***

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Myrtle Beach Vacation Tips

    Myrtle Beach is one of the fastest growing metropolitan areas in the country and is also recognized as one of the leading vacation places in the United States. Many visitors come back again and again because of the lure of the beach, the ocean, and the many area attractions. Myrtle Beach isn’t just a great place to vacation, but a great place to live as well. In fact, Money Magazine listed Myrtle Beach and North Myrtle Beach in their Top 20 of places to retire in the USA. The migration in population from the North to the South has made the Myrtle Beach area even more attractive destination over the last 10 years. Southern Living Magazine ranks Myrtle Beach as one of its top vacation destinations in the southeast. There are several important things to keep in mind when looking to vacation in Myrtle Beach, so we have taken the liberty and comprised a list of our top Myrtle Beach Vacation Tips.

Myrtle Beach Vacation Tip # 1

Everyone knows vacation season is usually from May to August, but this is also when Myrtle Beach is at its capacity. The traffic is bad, the crowds are large, and the costs really start to add up! Considering coming down to Myrtle Beach on vacation during the off season means avoiding all these common annoyances. I know what you’re thinking, what about the beach? It’s the primary reason you come to Myrtle Beach after all! What’s great about Myrtle Beach Vacations during the offseason is the weather is still totally beach worthy.

Myrtle Beach Vacation Tip # 2

Careful consideration must be placed on where you are going to stay and enough it comes down to two primary factors: Money and Location. What many people fail to realize when coming down on vacation in Myrtle Beach are the serious opportunities to rent a condo for much cheaper per night than a hotel room. What’s also great about staying in a Myrtle Beach Condo Rental is the ability to cook a few meals in your own private kitchen, which leads to saving more money dining out.

Myrtle Beach Vacation Tip # 3

Food tends to be one of the most expensive parts of a Myrtle Beach family Vacation. If you don’t know the area and the local spots, it’s hard not to get caught up in some of the first places you see along the beach. The seafood buffets are plentiful here and really provide the best bang for your buck! Eating at buffet style restaurants also helps limit how many meals your family is eating a day and for a little cheaper price, who wouldn’t want more food? Stick to the buffets while in vacation in Myrtle Beach!

Myrtle Beach Vacation Tip # 4

This tip is quite simple: stick to the beach. Obviously, the beach is the main reason you decided to come to Myrtle Beach in the first place, but there are also a ton of attractions and things to do in Myrtle Beach. The best thing about the beach is besides the sunscreen and the sunburn, it’s totally free and will be more than enough to keep the kids occupied. That’s not to say you shouldn’t do anything else besides the beach because Myrtle Beach has some really cool options for everyone. However, the bulk majority of your time should be spent laying out in the sand!

Myrtle Beach Vacation Tip # 5

Shopping tends to be a huge activity when vacationing in Myrtle Beach, but also a very costly one if you don’t know where to go. Being in a condo rental or hotel vacation coupon books are almost always provided and if not the grocery stores are full of them. These coupon books open up a world of savings for shoppers, especially in the Tanger Outlets on 501 & 17, which offer significant discounts off retail prices. Also, Jerry Pinkas himself has done his part to get you a vacation package full of savings that total over $600! If your curious about the free savings package Jerry has prepared for you all you have to do is reserve an appointment with one of our agents today!

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2 Tips for Sellers to Consider…

Price Smart, Don’t Let Your Ego Get in the Way!

This should be on every seller’s priority list. There are few reasons that a property cannot get a contract in place within 60 days or less. The listings that generate activity while others gather dust are typically those whose owners have adjusted expectations based on comparably priced homes, or other competitive properties in the market. That doesn’t mean you should drop your price precipitously on your home to undercut the litany of poor-condition foreclosure homes. It’s an entirely different market with different expectations for selling price. It just means your price has to be realistic based on today’s market and not around the value you paid for it a couple years ago. Any real estate agent that tells you different is wasting your time. Now that doesn’t mean you can’t sell your property at all. You have to remember once you sell your property at a value that reflects current market  value, the next property you purchase will also (or should) be selling at a price similar to comparable properties on the market.

Don’t wait out the recovery! Who knows when it will be.

It’s no surprise that the housing market has hit a fluxuation period fluttered with prices lower than the market average several years ago. And by the looks of things, it will take years – some even estimate a decade or more — for values to return to their highs of three years ago. That potential loss you’re fretting over may only be on paper, especially if you’ve been in the house awhile. If the property is a secondary residence and the renting has become slow, why sit on the property and absorb month after month of sunk costs when you can unload it?

When it comes to selling houses, Jerry Pinkas Real Estate Experts DOMINATES.

Like mentioned earlier, selling your home is a big deal and should be trusted only to those agents who are truly dedicated to their craft. Our agents here at Jerry Pinkas Real Estate Experts are just that and so much more. Nobody knows the area and the market values for real estate in Myrtle Beach better than the EXPERTS do. More importantly they are honest good-willed agents aimed at getting the best possible deal for your property (remember that’s how they make their living too!) The BEST thing about listing your property with us is that your property will not sit on the market forever and garner little interest. Our marketing strategy is one of the best in the country in getting your listing syndicated all over the internet and the local area, reaching a much broader customer segment. GUARANTEED TO SELL, GUARANTEED RESULTS!!

If you are interested in selling a Myrtle Beach Condo or Home or investing in a Myrtle Beach Oceanfront vacation condo, call Jerry at 843-839-9870 or sign up for LISTING ALERTS at http://www.buybankownedmyrtlebeach.com/

Twitter: Jerry Pinkas’ personal Twitter – Updates every day, New Blogs, Hot Buys and Inside Information!

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 North Myrtle Beach Condominiums for Sale

The time is now to buy a North Myrtle Beach Condominium! The Grand Strand is a great place to stay and play. Whether it’s a place to come for the summer or a place to move permanently, a condominium in North Myrtle Beach is the way to go. North Myrtle Beach is one of the fastest growing metropolitan areas in the country. So many different types of condominiums are currently on sale in North Myrtle Beach at a great price. There are plenty of condominiums with 1 to 5 bedrooms. The two most popularly located and sought after are condominiums near the beach and condominiums around golf facilities. There are major differences in these two types of condominiums.

Condominiums for Sale North Myrtle Beach

Condominiums for sale in North Myrtle Beach on or around golf courses tend to be placed in more residential areas, whereas the condominiums for sale around the beach are usually in higher populated sections. When buying a new condominium some things that you should consider first are price range, style, number of bedrooms or bathrooms, and amenities. These 4 issues are what most people tend to focus on when buying. By honing in on some key points of what you are looking for, it helps to really get what you want and need for the money that you are spending. It is always a good idea to keep these among other key points in mind when shopping for a new North Myrtle Beach condominium.

Condominiums in North Myrtle Beach

Not only can a North Myrtle Beach condominium be a way for you to get away, but it can also be a great investment. Investing in real estate in North Myrtle Beach has become very popular to many that like the idea of renting to vacationers while enjoying vacationing themselves to their properties. Many of the North Myrtle Beach condominiums for sale in resorts come with a great deal of amenities such as multiple pools, Jacuzzi hot tubs, Water Parks, kiddie pools, bars, gift shops, restaurants, video arcades, men’s and women’s sauna, lazy rivers, exercise rooms, oceanfront balcony, hi-speed internet and cable. With everything that North Myrtle Beach has to offer, why not buy a condominium today?

To find the best deals on North Myrtle Beach condominiums for sale you need the insider tips and secrets that will save you 70% wholesale. Call the Jerry Pinkas Real Estate Experts today.

If you are intrested in Myrtle Beach Condos for Sale or investing in a Myrtle Beach Oceanfront vacation condo, call Jerry at 843-839-9870 or sign up for LISTING ALERTS athttp://www.buybankownedmyrtlebeach.com/

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 North Myrtle Beach Condos for Sale

            North Myrtle Beach condos are some of the most luxurious along the grand strand and they all offer something a little bit different! Being home to one of the top coastal vacation spots along the eastern seaboard of the United States, there’s good reason why people keep coming back; a lot of people end up investing in a condo in North Myrtle Beach.

Where are North Myrtle Beach Condos located?

Sounds like a dumb question but many people actually believe that it’s just the northern part of Myrtle Beach which is not entirely true. Both Myrtle Beach and North Myrtle Beach are two distinct cities along the Grand Strand. The City of North Myrtle Beach, incorporated in 1968 by the four beach towns of Cherry Grove, Ocean Drive, Crescent Beach and Windy Hill, is a northern section of the Grand Strand, and considered a bit more family oriented and quieter than its more famous sister city to the south. The two cities touch boundaries near Restaurant Row and Barefoot Landing.

North Myrtle Beach Condos for Sale Spotlight


Located in North Myrtle Beach, the fabulous Bay Watch Resort accommodates a variety of family beach vacations. Bay Watch Resort is the perfect vacation destination, pairing great value with that ‘home away from home’ feeling. Bay Watch Resort is comprised of 270 rooms and suites, starting at studio size efficiencies to large three-bedroom suites with full kitchens and pull-out beds in the sofas. Feel exhilarated as you step out onto the private balcony or take a refreshing swim in one of our 18 indoor and outdoor aquatic recreational areas. Satisfy your appetite at the Blue Room Café, enjoy a sports game at Sandtrap Sports Bar & Grill or relax with your significant other at Fishtail Beach Bar. Visitors here on occupational travel will approve of our business center, as well WIFI in every room and over 6,500 square feet of space to conduct meetings and business gatherings. When you’re in search of a top-notch hotel in Myrtle Beach, Bay Watch Resort & Conference Center is the best choice.

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 Legends in Concert

            Year after year, Legends in Concert Myrtle Beach continues to be one of the best attractions that the grand strand has to offer. The Legends in Concert show in Myrtle Beach is celebrating its 29th year and is a live musical concert featuring the world’s best celebrity tribute artists.

A couple of weeks ago in May. Legends in Concert Myrtle Beach announced its Summer 2012 lineup and this vacation season promises to be the best. Amongst the world’s best celebrity tribute artists that have performances coming up are:

  • A set of tribute artists who will perform separately as Elvis Pressley
  • Steven Tyler
  • Dolly Parton
  • Stevie Wonder (Played by Bobby Brooks)
  • Britney Spears

This Summer lineup is particularly interesting and notable because of the popularity of the newly hired celebrity tribute artists. One of the Elvis tribute artists, Stephen Freeman, recently won the 2012 Elvis Cruise Ultimate Contest Preliminary and made his debut at Legends in Concert Myrtle Beach for the first time in May and will play until June 3rd. Afterwards Victor Trevino Jr., winner of the Las Vegas Ultimate Elvis Preliminary, will take his place so if you love Elvis these are the two guys to see!

SO, if you haven’t already you need to check out Legends in Concert Myrtle Beach! A little over a year ago, the 2 million dollar renovation was completed opening the doors up to 600 seat concert theatre with projection stage, seating around all three sides, state of the art production lighting, and over 50 VIP table booths. It is fun for the whole family and a chance to hear some of the most classic hits from the best eras of music!

If you’re interested in Myrtle Beach Real Estate then call us, the experts, today at 843-839-9870. Or if you’re interested in Myrtle Beach Condos for Sale you can sign up for the free Myrtle Beach Bank Owned Properties listing alerts at http://www.buybankownedmyrtlebeach.com. We have access to the insider tips and secrets that save our customers up to 75% off wholesale prices.

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