1) You could always refi at a lower rate as long as your not "underwater" on what your mortgage compared to the current market prices. (When you refi the bank will pull an current market appraisal)
2) Since prices have increased you will get more now than you could last year!
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3) With interest rates remaining low, price points still affordable, and potential for future appreciation you may want to buy more.
Thatâ€™s what makes this market so interesting!
Let me know if we can help.
Jerry Pinkas Real Estate Experts
854 Jason Blvd - Unit G
Myrtle Beach, SC 29577
1) Buyers- People have been waiting for the opportunities to buy like we have right now. Right now buyers are buying for pennies on the dollar and are getting some incredible values. Many are renting their properties and getting a good return on their investment. Itâ€™s all relative to when you purchase as to what your return on investment is. (Think buy low sell high)
2) Sellers- If you are upside down and need to get out, do it now. Properties values will be bumping along for a while before the prices get anywhere back to where they were. Ask yourself what is it cost me on annual basis to carry this property. If it is a negative cash flow, you may want to think about selling. If you can rent it out and make it cash flow...hold on. If you can't make the numbers work for you based on the amount you paid, itâ€™s time to sell. All boats float in a high tide! The tide is currently out; buy if you are buying at todayâ€™s prices it starts to look really interesting.
Jerry Pinkas Real Estate Experts - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. If you are looking for Myrtle Beach Condos For Sale, houses, or land we can help. You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. We Guarantee Results! Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call (843) 839-9870; Put our team to work for you today.
Jason's correct, it's hard to predict the future.
I specialize in investments in Las Vegas; one of the greatest areas in the nation to purchase investment properties, and one of the highest return investments you can find today. Take a look at my top choices based on a 4 day analysis:
With Kind Regards,
Mr. Jason Brecht
Imperial Crown Properties
The Imperial Group International
American Headquarters, N.A. Division
631 Bellamy Avenue, Suite A
Murrells Inlet, S.C. 29576
The United States of America
Tel: (843) 651-5440
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