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Home Buying in North Myrtle Beach : Real Estate Advice

  • All115
  • Local Info10
  • Home Buying37
  • Home Selling5
  • Market Conditions14

Activity 22
Thu Jun 20, 2013
Rick Knight answered:
As of June 20, 2013 in my MLS There were 12 two bedroom units for sale. Ranging from $84,900 to $132,900. The units that are over 1,300 sq feet were starting at $104,900. Year to date sold data: As of today there were two units with pending sales contracts. There have been 9 sold units ranging from $74,500 to $120,000. A 1,300 sq ft unit sold for $80,000 furnished this year. Hard to tell with all these prices all over the board. We would have to take a look at your unit and compare the condition to the ones that sold and active you would be competing with. Condition is very important.

Rick Knight
Wilkinson & Associates ERA Powered - Myrtle Beach
843-839-9060 office
704-576-0385 cell or text
Visit www.rickknight.com to search MLS listings in North Myrtle Beach.
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Wed Jan 16, 2013
Ruth Walker answered:
Have him served,with a court order to,vacate the residence immediately.,the court order,should give them a time frame ,to vacate .If rent is owed,have that information added to the court order,they are given time to comply..to the court order.,or face your lawsuit.,if they don't." ... more
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Wed Oct 3, 2012
Pat Pack asked:
Thu Jun 20, 2013
Aaron Sims answered:
It is basically up to what you and your parents determine is a fair price, then selling it to you. If you are getting a mortgage then the bank will make you get an appraisal to make sure they are loaning based on an accurate value of the property. If you are paying cash then it is as simple as having a lawyer draw up a sales contract, and then transfer the title/deed. It should be a relatively simple process, I’d involve a lawyer to be sure everything is done legally and properly and the title gets transferred right.
Best of luck!
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Fri Nov 30, 2012
Tom Taylor answered:
YES.
Note: Trulia says answer must have 25 words, so I repeat, yes because its the law (made by lawyers).
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Wed Jan 9, 2013
Tina Schildt answered:
HI Please give me a call at 843-241-6386 and I would be happy to answer your questions and also email you some information. Thanks Tina Scott
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Thu Jun 14, 2012
Vicky Tesh answered:
Max,

As you know the price per square foot can vary by complex as available amenities, age, condition and other factors do play a role in price and value. I looked at ocean front sales of units in Windy Hill (all re-sells no new units included as North Beach Plantation is in Windy Hill and selling some new units which are NOT comparable to other sales in the area.) from January 1 2012 to date. Those sales have ranged from $130.00 per sq, ft as the lowest and $220.00 per sq. ft as the highest. When I took those sales and averaged it out, the average was $158.74 per sq. ft. But as noted above, there are many things that factor into a units value. i hope this information is helpful/ If I can be of assistance, please let me know.

Vicky Tesh
FIRST CAROLINAS REALTY
843-902-4305
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Sat Aug 27, 2011
Anna M Brocco answered:
Since no link is visible--contact any local agent/realty office, they all have access to the same information...
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Sat Feb 12, 2011
Vicky Tesh answered:
Victoria,

The first realistic number is 20%, most all lenders require a 20% downpaymant for second home / investment property purchases. After purchasing you will have HOA fees for a condo, most townhomes and some single family homes too. The thing to keep in mind is, with a condo you have no exterior maintenance, and the HOA fees usually include basic cable, water & sewer, insurance, pool upkeep, landscaping/lawn upkeep, exterior building maintenance, management and legal fees for running the HOA. With true townhomes and single family homes, the HOA fees are lower or in some cases there are no fees, but all of the utilities, insurance and maintenance costs are your responsibility. Rental income can definately help offset some of these expenses, but not all of them. With foreclosures and short sales, it is a great time to consider making that purchase. I would be glad to send you a link of properties currently available in the North Myrtle Beach area that are the best "deals' available and include rental histories to show you what you can generally expect as income to help off set those expenses. Just contact me with your e-mail address and I'll get that link out to you Vicky Tesh - First Carolinas Realty - rtesh@atmc.net. ... more
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Tue Nov 16, 2010
Maureen Cody answered:
Dear Lawrence

What is Mr James rent to own?

I am happy to help you to find a home in the greater Charleston SC area, if interested.

You can find local information and search the MLS from my site:

www.thekeystocharleston.com

Let me know how I can be of help to you.

Regards,
Maureen
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Tue Nov 2, 2010
Dave Griswold/ Lisa Payne-Griswold answered:
Hi Troy, It's tough these days to make a Buyer feel comfortable. Many are gun shy, and very undecided. The housing market and the interest rates haven't been this low in several years. It's difficult at best to to try and relay this to Buyers.
We feel theres more shoppers than Serious Buyers.
The fear is that a lot of Buyers are missing this market and will wind up buying in an up market, causing the price to rise, interest rates of course will rise with it.

Buyers need this information in order to be more comflortable when purchasing their home or investment property.

An Educated Buyer is our Best Customer as they say, and it's true.
Buying foreclosures and short sales has never been an easy road though the hype on these properties has cause havoc with not only the Realtors but more importantly the Buyers.
Buyers think that the word foreclosure means low price, high value and they've taken that idea into the Regular sales. however it's just not true for the most part.

So to sum it up, Educate the Buyers to make the sale go smoother.

All the Best
Dave & Lisa
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Mon Apr 16, 2012
John Walin answered:
start looking and the good properties sell first! If priced right and good bones the best sell first. get a good local agent to keep you abreast of new one's coming on.
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Tue Nov 2, 2010
Chris Greenwood answered:
A. A full time realtor can work over 40 hours a week. The fact you mentioned that his is sending you pictures and likely listing information indicates he is doing some work. Since you have had two contracts with this agent I would either recommend that you arrange a phone call meeting to discuss expectations of the agent and what he should expect from you as buyer. You have to understand agents reallly are taking all the risk with the work with no retainer to get paid until a deal closes.

I would say before you start looking for another agent that you have have a meeting to dicuss this, if you don;t come way from the meeting with a good feeling then you may want to call 1-2 agents in the area and speak with them, I would be open about your recent experiences. Good Luck.
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Tue Nov 2, 2010
Vicky Tesh answered:
i do not know what size unit you are considering in Ocean Keyes, if you are thinking of purchasing a 2bedroom, 2 bath unit, the HOA fees are $254 per month. before making any decisions, let me share some of the other units currently for sale that may be a better investment for you:
*2 bedroom, 2 1/2 bath unit, listed $134,900 HOA $135 month
*2 bedroom 2 bath - 2 available- listed $105,000 & $139,000, HOA $265 per month
*2 bedroom 2 bath OCEANFRONT unit, listed $169,000, HOA 1228 per quarter
*2 bedroom, 2 bath one block off beach $169,900 HOA 275 per month
*2 bedroom 1 bath one block off beach $115,000 HOA 200 per month, a 2 bedroom 2 bath in same complex $145,000
*3 bedroom 2 bath townhome, only $179,000 and HOA only $160 per quarter

I can send you a link of the best deals currently on the market so that you'll have up to date information in hand, just contact me directly if you would like the link. My e-mail address is rtesh@atmc.net. Vicky Tesh - Broker First Carolinas Realty
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Sun May 30, 2010
Juju asked:
Sun May 30, 2010
Kenneth "Kip" Nance answered:
At present there are 19 condos in Barefoot on the market. Of those 16 of them HOA dues are 296 a month. One is 299 another is 377 and still another 420. The ones for 296 are between 1000-1050 sq ft... the 299 a month is 1250 to 1300sq ft ...the 377 is 2100-2150sq ft... the 420 is 1600-1650 sq ft... All of the 296 a month are unfurnished the others are furnished....

All of the condos with HOA dues of 296 are new the other three are 3 and 4 years old respectively. Priced from low 130' s to mid 300's.

Most of them have these amenities and service within the dues...

Com/Assoc/Amen
Pool Restrictions Owner Allowed PetYes Short Term Rental Allowed Long Term Rental Allowed Trash Pickup Cable TV

IncludedAssoc. Fee Includes Electric Common
Water and Sewer
Trash
Pool Service
Landscape/Lawn
Insurance
Manager Master
Antenna/Cable TV
Other
Common Maint/Repair

Most are in Willow Bend, Harbor Cove, Iron Wood, And GreenBrair.

I will have to post late on the specail assessment
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Tue Aug 4, 2009
Nancy Richardson answered:
I am a Realtor with Coldwell Banker Chicora in N. Myrtle Beach and am licensed in both NC and SC. I would love to work with you in finding an area that would be a perfect for you. I am familiar with the area between Pawleys Island and Sunset Beach area and would be happy to share the information that I have for this portion of SC and NC. I am part of the Cartus Network and a certified relocation specialist and can help you find an agent in the other areas who specialize in areas north and south of my home base. What size condo are you looking for and what is your price range? Please let me know if I can help you in your search. My email is nancyrichardson@chicora.net and my cell is 843-455-5474. ... more
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Wed May 27, 2009
Dan Mengedoht answered:
Home Builder, Sounds like a question that is better suited for your lawyer. Good luck, Dan
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Tue Feb 17, 2009
Thomas Cunningham answered:
Good Evening Phyllis,
Pulling current listings, the lowest priced 2br/2ba condo in Barefoot is $124,900, fully furnished and a little over 1000SqFt in living space. It's not a Short sale and they are very motivated. Up from that there is one Listed for $174,900 and is larger at about 1500SqFt. It's being offered furnished as well but be sold as a Short Sale. The POAs between both of them run either 289 or 354 per month. I'm not sure what all you get with the POAs other than the usual pool/rec. facility and some basic utilities; Pretty standard compared to others. Barefoot does offer a degree of privacy being a bit separate from Hwy 17 yet being very close to all the Shopping and Attractions Barefoot has to offer. I know that the resort has a membership but I'm not sure if it would be included in your POAs or a Separate fee all together. In regards to Investment, most units pull close to $10-11,000 gross per year.
In comparison , Baywatch Resorts, a Direct Oceanfront condo complex, has 2Br/2Ba Direct Oceanfront condo listed for as low as $234,000. They run about a1000 SqFt and the HOAs run about 490 per month. They have fully amenities, Pools-indoor and Outdoor, Onsite Property Management and they are still close to all the Shopping at Barefoot. Oh, and did I mention that the other amenity is the Atlantic Ocean! Investment wise, they pull in and average $25,000 annual gross. There is a good chance you could pick on up for close to 200K and see a great return on your investment down the road. Not to mention when you use it, you would be right there on the beach. If that price point is too high, you could get an Oceanview, Large 1Br/1Ba condo suite for under 200K with HOAs fees at 280 or a Direct Oceanfront 1br/1ba condo for close to 125K, it’s about 600 SqFt and can sleep Six people. The annual gross income on these units is anywhere between $15,000 to $20,000. We’re seeing Oceanfront prices as low as when they were selling in 2000 when the building was built!! I guess the choice is really yours. It depends what’s more important to you!
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Tue Nov 18, 2008
Jeff and Ginny Mitchell answered:
Let us know if you would like to look further south in Florida for oceanfront. Do you want a condo or a single family home? What is your target price range? Perhaps you would like to compare what you could get along the east coast in Florida? ... more
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