Jeremy Blanton

Hi Janis

This property is located in River Oaks Cottages which is off of River Oaks Drive. It is conveniently located close to 501, 31, and the new Hard Rock Theme Park. It does have a the Master Bedroom on the first floor also. If you would like more information regarding this property or anything else in Myrtle Beach, do not hesitate to contact me at jeremyblanton@chicora.net. - Mon Jul 21 2008, 09:46

Hey Jerry!

There are a few things to consider in purchasing. First, is the mortgage... if you are looking to purchase something oceanfront, financing is going to be very difficult to obtain. There are currently only 1 or 2 lenders who can do financing on these types of properties which are called Condotel. Also, these lenders have a short list of "approved" units. So, this kinda limits the options on where you would be able to purchase. However, if you purchase a property on a golf course in Myrtle Beach, you would be able to get your typical financing.

Second, there is HOA fees. Something on the ocean normally has a higher HOA fee which can eat up most of your rental income. I recently sold an oceanfront 3BR lockout unit where the monthly HOA was over $1,200 per month! A lot of this money is going to a higher insurance premium on the building.

Another thing to look at is the management fees...as you stated, this will eat up a lot of your income. Most oceanfront condos are around 50% some are a little bit lower, but until you add in the other fees it basically comes to about 50%.

If your parents are looking to use this property for the winter months, they may prefer a little bit more space which you normally receive in a property not on the ocean. One thing for sure is that there is definitely a lot of properties available for purchase right now.

I have been telling my clients for the past few months that now is definitely a great time to purchase. Interest rates are low, inventory of property is high which gives them a lot of options & flexibility. If you would like any more information or need some assistance, do not hesitate to contact me! My team would love the opportunity to assist you in finding your dream home!

If you would like to keep up to date on what is happening in and around the Myrtle Beach Area, visithttp:// www.Myrtlebeachhomesblog.com. This is a great site filled with much more than just what was just listed or sold. You can find market reports, information on local attractions, & much more! - Mon Jul 7 2008, 05:56

Hi Ellen!

There is a lot of great things available in Withers Preserve. Our company is onsite sale team in Withers Preserve. If you have any specific questions about that area, do not hesitate to contact me at 843-222-9402 or by email at jeremyblanton@chicora.net. - Tue Jul 1 2008, 13:34

Hi Cindy!

I think the type of property is the biggest question to be asked first...If it is Oceanfront, the timing may not be right yet to try and sell. There are a limited number of Condotel Financing programs available right now, so it makes it extremely difficult for buyers to purchase unless they have cash available. The number one thing still remains price here.

This past month we have noticed a pick up in sales as we had 3 new listings and 5 sales. One of those listings was under contract in less than 24 hours and closed in less than 2 weeks. The biggest reason for the quick sale was that the property was priced correctly from the beginning.

The other determining factor is the location. Some of our communities have over 90 single family homes for sale in them right now. In areas like that, it makes the competition very high and in that case, it is the best price with best condition.

If I can be of any further assistance, do not hesitate to contact me. - Fri May 16 2008, 10:55

Hi Jaykay!

I have read through your questions/comments as to what you are looking for. First off, where in Alpharetta are you from? My in-laws live in the Milton/Crabapple area.

As for things here in Myrtle Beach. There are several different types of properties that fit some of your criteria. Unfortunately, there are not many that have the golf course view, and also having an ocean view. Barefoot, as well as Magnolia North/Pointe/Place all have great golf course units with some fabulous views of the course. But, both areas are about 2 miles from the beach. Personally, I would not try walking to the beach from either. One advantage that Magnolia has over Barefoot is that it does not have the swing bridge to deal with. In the summer time, you could get stuck waiting at the swing bridge every time you go in and out of the property. Another thing I would take into consideration is what you usage is for the property. Is it something you wish to keep strictly as a second home? I know with it only being about a 6 hour drive, you may want to visit here more often then others. If I can be of further assistance, do not hesitate to contact me via email at jeremyblanton@chicora.net or on my cell phone at 843-222-9402. - Fri May 16 2008, 10:50