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Market Conditions in North Myrtle Beach : Real Estate Advice

  • All117
  • Local Info10
  • Home Buying38
  • Home Selling5
  • Market Conditions14

Activity 14
Wed Jul 30, 2014
Anthony Schibilia answered:
As you have found out by now, that property is under contract. If you are still interested in purchasing property and have not hired a Realtor to work with as of yet, I can help you further and give you a point of contact here in the area. ... more
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Tue Nov 12, 2013
Vicky Tesh answered:
Gerald I see that the HOA question has been answered. However I wanted to let you know that there are currently 5 other two bedroom two bath units available in that complex, list priced vary from $97,900 up to $119,900. I have a free service called Home Buyers Marketing that I would be glad to sing you up for. it gives you access to my local MLS for up to date information on ALL properties for sale. If you would like to join please let me know. Vicky Tesh, First Carolinas Realty
... more
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Tue Oct 29, 2013
Tammy Hayes answered:
The listing info in the upper right corner says Unknown in red. If you want to search for rentals, you have to look for the words For Rent in the upper right corner.

Tammy Hayes, Realtor
Re/Max Palm Realty
... more
0 votes 4 answers Share Flag
Mon Oct 28, 2013
Anthony Schibilia answered:
BeachRentalGroup.Com will provide your property with maximum exposure to get maximum market value and full service property management.
0 votes 4 answers Share Flag
Mon Oct 28, 2013
Anthony Schibilia answered:
Condos are not the way to go for highest return. Single family home rents are at there highest point in 10 years and prices are still very reasonable at low interest rates, still in the low 4s. Contact me for a quick consultation for more specific details on the options available. ... more
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Mon Oct 28, 2013
Anthony Schibilia answered:
Fri Sep 6, 2013
Kathy Davis answered:
The monthly HOA fee is $300 and that includes the insurance on the building, pool, trash, cable tv, and the landscaping/lawn maintenance, If you have any other questions please let me know. If you'd like to check out all the MLS listings on my website here's a direct link... Thanks, Kathy Davis @ RE/MAX Southern Shores 843-655-9716 ... more
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Wed Jul 24, 2013
Tim Arnold answered:
Sandbeamie. A lot of buyers get upset looking at HOA fees. Homeowners Associations are set up to protect everyone's investment. The main two things to consider are 1) what expenses are included in the HOA fees that you would be paying for anyway ie..taxes, insurance, flood insurance, phone, cable, Internet, and for amenities such as pools, tennis courts, etc. And 2) your due diligence should include verifying that the HOA is is good financial and legal standing. I would be delighted to assist you in your search. ... more
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Mon Jun 3, 2013
Bob Barbour answered:
The HOA includes Insurance on the Building, Water & Sewer, Lawn Upkeep, Trash Pick up, Club House & Pool, Cable T.V. Property Management.
The Only thing it goes NOT cover, is Taxes, Inside Insurance, & Telephone. I think this covers all. ... more
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Sun Jan 27, 2013
Holly Heniford answered:
There are fewer short sales and foreclsures on the ocean front right now than have been in the past 3 years. There are many investors local and international that are taking advantage of the great prices in all areas of the beach. North Myrtle Beach has the highest valued real estate of any area of the beaches in North and South Carolina. The variety and quality of life in this area is second to none. The city is busy planning and making a variety of activities available , many at no cost to visitors, The ocean front units in the Avista are continuing to appreciate n value and are an excellent investment property. I have sold some and have some happy owners, ... more
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Wed Aug 15, 2012
Christine House answered:
I would be happy to provide you with the list of sold units in the Avista Resort. Please email me directly & I will send them to you.
Christine House
... more
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Mon Jun 25, 2012
Vicky Tesh answered:
So far in 2012 the sales for one bedroom units have been:
1-13-12 $116,900 (foreclosure)
2-17-12 $125,900
2-27-12 $120,500
3-29-12 $109,900 (foreclosure)
3-23-12 $113000
4-20-12 $121,000
5-2-12 $116500 (foreclosure)
5-7-12 $128500
6-13-12 $119000
6-13-12 $133000
6-15-12 $124000

The average sale price looks like $121,000.00 Of course the location and condition of the unit do play a large roll in value too. I hope this info helps you. If i can be of assistance please let me know.
Vicky Tesh
... more
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Sun Jun 3, 2012
Edith Karoline Jasser answered:
Just curious are you interested in the answer because you own property there, or because you intend to buy property there?

I know Myrtle Beach not so much North Myrtle Beach well, although I am not working as a Realtor there, I would be able though to connect you with one, I vacation a lot in Myrtle Beach and have
for a very long time.

Good luck to you! and if you need recommendations for Realtors in your area, feel free to get back to us and we would gladly provide you with some good recommendations...
YourRealtor4Life! Working always in the very BEST interest of her clients, buyers, sellers and
investors alike.
Covering the city of Chicago, all N an NW suburbs and the fine Homes of theNorthShore for
@Properties Northshore, 30 Green Bay Road, Winnetka, Il. 60093
Edith always goes the X-tra Mile with a SMILE for all her clients, she also covers with her
partner agent all states in the US and worldwide properties as well
Edith speaks French, German, Spanish & more
... more
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Thu May 31, 2012
Ron Thomas answered:
There has been a lot of speculation and negativity about when the BOTTOM will occur.
The BOTTOM will not be heralded by a Town Crier, walking around, shouting “The Bottom has been reached!”
The BOTTOM will not be accompanied by an article in the Wall Street Journal or New York Times, announcing “The Bottom happened yesterday at 4:30”
The BOTTOM will be completely different for you, than it will be for everyone else.
The reason for this is that you will not be buying the MARKET; you will be buying one house!
There is a fixation among some Buyers, that they be able to tell everyone that they got the absolute BEST price in the world! (I’m sure you know people like this.) This obsessiveness will surely not be rewarded, because there will always be someone who got a better deal.

There is a very old saying that; “To have a good sale, the Buyer had to have been willing to pay more, and the Seller had to have been willing to take less.”

The truth is, when you buy that house, any house, you are establishing the BOTTOM of the MARKET for THAT house. The clock starts on that investment. And considering that Real Estate is a long-term investment; if you can look back in five years and see that you made a good investment….

This whole controversy must take into consideration what you are buying:
If the object-of-your-affection is a Home for your family, then your priorities are skewed if you are obsessing on the Bottom-of-the-market: You are first, last and always buying a HOME for your family; complete with Security, a good neighborhood, good schools, 3 bedrooms, 1647 square feet, a wooded backyard, a 2 car garage, etc.
Sure you want to make a good buy, but that price should not be on the top of your list: Would you be happier in a crummy, crime-ridden neighborhood, with a house that is falling down, BUT, you made a great deal! Or, would your rather have the best house on the block, where you don’t have to lock your doors at night, and your schools are the best in the State, for a good price? You choose.

The last consideration is the dynamic nature of the Market: By holding out for the BOTTOM of the MARKET, you are betting that, not only do the prices continue to drop, but also that:
1.) Interest rates do not increase
2.) The house you want is still available
3.) Your financial position does not change for the worse.
Consider that if you are looking for a home at $400,000 with a loan at 5%, your monthly payments could be $2689.
If you waited for the house to go down $10,000, but the interest rate went up 1%, your monthly payment would INCREASE to $2876!
If you waited for the house to go down $20,000, but the interest rate went up another .5%, your monthly payment would now be $2935!
(these are ball-park figures; please talk to your Mortgage specialists.)
If you are determine to play the interest-rate-game; know that the current Interest Rates are the lowest that they have been since just after World War II! That’s 60 years!
But in the 80’s we had 12 and 13% home loans. (That would make that monthly payment $4,966!)
... more
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Market Conditions in North Myrtle Beach Zip Codes