How is the current property Market in Myrtle Beach? Are there foreclosure tours in Myrtle like Other places?

Xxnileshxx
Home Buyer
29577

I am looking for investment rental property. Condos ocean front if possible mostly 1 or 2 bed room units. I would also like to know which are the hot resorts that generally rent well and what is the pricing like for these properties. This will be my first such investment so and advice you can give me will be helpful.

Answers (4)
Jerry Pinkas
Agent
Myrtle Beach, SC

The Jerry Pinkas Real Estate Selling Team reports that Myrtle Beach Real Estate has recently been selling at a brisk pace. Some of the best deals on Foreclosures and Motivated Sellers have been going quick. We are seeing multiple offers coming in. Many buyers are now fighting to the best deals.You can get a jump on the competition with a Bank Owned Property Alert Service. You can sign up to receive new alerts as these properties hit the market. Its a good way to get a jump on the bidding completion for the very best properties. "Some great deals are currently being made" says Jerry Pinkas, "when you factor in the potential rental income and the current pricing, many buyers are finding the purchase of vacation condo or second home now more affordable for the average person."

Jerry Pinkas Home Selling Team - 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. 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. Award Winning – Top Ranked – Highly Recommended – Call The Pros - Google or call (843) 222-1926; Put our team to work for you today.

Wed Jul 1 2009, 10:44
Doug Procter
Agent
29576

Ths is a wonderful time to start your real estate investment career. There are tremendous buys to be had and the best ones go fast, not that you still can't snag them with the right agent working in your behalf. A couple drove in from Mass Saturday afternoon at 5:00 and left for home the next day at 2:00 with 2 great properties. They probably wouldn't have been able to acoomplish this with just anyone. By the time they arrived I had already pre-viewed over 30 properties, eliminating the worse of the bunch. It made their trip very successful without having to drive around for days on end. By using my website, open communication and dedicated effort you to can make that dream come true. Try it out, give me a call now! (843) 267-2702 or email me your contact number.

Doug Procter, ABR, CREN
RE/MAX Southern Lifestyles

Tue Jun 30 2009, 16:48
Cory Van Note
Agent
Myrtle Beach, SC

Hello Nilesh. Unfortunately no foreclosure tours here. In fact, the good deals are usually gone within days of being on the market here. In fact, in the last week, I have had customers make offers on great properties within 2 days of them coming on the market and the banks already accepted other offers. Since we are a resort market, even in the current economic conditions, are market is still moving. The prices however have come down drastically on the oceanfront. This is due to the financing being harder to obtain. You should first start with fiancing to be sure you can actually purchase an oceanfront unit. Unless you are buying cash, this is the first step. Once you determine how much you can spend, then we can sort out the best resort for you. If you would like to discuss further, please feel free to contact me at any time. Good luck!

Cory Van Note
Realtor, ABR

http://www.MyHomeInMyrtleBeach.com
cory@coastalsands.com
(866)338-1246

Tue Jun 30 2009, 12:34
Missy Field
Agent
29588
FIRST ANSWER

There are still a number of great investment possibilities, especially in the condo market. I will be more than glad to forward specific properties for your consideration including the mentioned parameters. Do understand that HOA fees and rental management fees are a precursor to make a wise decision.

If you can give me a price range, I will set you up with appropriate listings.

Look forward to hearing back from you,
Missy Field
RE/MAX Southern Lifestyles
missy@movetomyrtlebeach.net
843/47-8884

PS. Go to the above website and access the listings directly, remembering to save the ones that interest you the most!!

Tue Jun 30 2009, 11:16

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