Myrtle Beach Real Estate is Moving

There is no doubt that Myrtle Beach real estate is on the move. I know the media has been sharing all of the horror stories about investors buying condos and losing thousands of dollars. These stories have been true yet there is another story about to be told and we may want to pay attention.

Remember, the real estate crash in Myrtle Beach started in late 2005 which is nearly 7 full years ago. The amount of losses rival with some of the biggest losses in history. With all of that said, at some point the Myrtle Beach real estate market will recover. Like most markets, you never know when they will recover until after recovery has taken place.

Study the following changes that are oc curring in Myrtle Beach and you decide which way the market is moving...

1. Inventory is decreasing in most areas as much as 30%.

2. Many listed properties are receiving multiple offers to purchase.

3. Land sales are on track for a significant increase in 2012.

4. Builders are starting spec homes again.

5. Custom homes are becoming popular again.

6. Banks are loaning at a faster pace right now.

7. More people are getting real estate licenses.

8. The average days it takes to get a property sold has decreased.

When you review the list above, which way do you think the market is heading? It doesn't sound as if it is going to drop more anytime soon.

Nobody can predict the market. All we can do is look at the fundamentals of real estate and make an educated guess as to what we think will happen. Personally, I believe it is time to get serious about making some real estate investments in Myrtle Beach and make a move before the media starts talking again. Once it is on the news, it's old news!

Please understand, investing should not be done without good information. You want to make sure you have a knowledgeable real estate agent on your side.

Any agent can sell you a property, but not all agents can help you make a great investment. You may be looking for a Myrtle Beach home or a condo on the ocean, in either case, there are opportunities out there.

Again, don't fall into the trap that investors did last time. The Myrtle Beach real estate market will be a buy and hold market, not that crazy buy, flip and become a billionaire over night.

Wealth will be created over the long haul.

Myrtle Beach Real Estate Agents Receive Awards

While many people are complaining that the Myrtle Beach Real Estate market remains inactive, there are some full time real estate agents who are setting records.

A few Century 21 The Harrelson Group agents have received some impressive awards that are only given to agents who are on the move.

A few awards worth mentioning...

Top Agents Awards go to Brendon Payne, John Lindstrand, Renee Fletcher, Jill Powell, Greg Harrelson, Laura Garlitz, Eric Wilson and Carrie Amick.

In addition to the success these agents have experienced, Century 21 The Harrelson Group has received awards for being the

#1 office in South Carolina for most sales,
#1 office of most sales volume
#1 office for most production per agent.

These awards are handed out by the corporate office of Century 21 from New Jersey.  Earning this type of recognition is only done when a group of agents have taken their profession seriously and provided solutions for buyers and sellers.  We strive to always be your best Myrtle Beach Real Estate resource!

A Successful Realtor Visits the Property He Sells

The Myrtle Beach real estate market has many condos to choose from. Potential buyers rely on a Myrtle Beach realtor to give them information as to what is the best purchase. Of course, many people buy condos in Myrtle Beach for the emotional experience. Professionaly, I find it hard to describe an experience that you have never had yourself.

How can you tell someone a condo complex is great if you have never stayed there yourself?

Recently, I have visited the Dunes Village Resort, Paradise Resort, Bayview Resort, Anderson Ocean Club, Myrtlewood Villas, Marina Inn at the Grande Dunes, and a few other popular Myrtle Beach condos. In each case, I took my entire family in order to get a better understanding of how these buildings really are. I have experienced the cleanliness, service, amenities, and many other aspects of these resorts that I would have never known without staying there myself.

As a real estate agent in Myrtle Beach, I am committed to helping my clients. When I represent a seller, I am better able to explain the benefits of the property which will come in handy when I am attempting to create value in the eyes of the buyer. When I am representing a buyer, I can better explain the contrast between buildings to help them narrow down their search to the condos that will give them the best experience.

By the way, my recent stay at the Dunes Village Resort Myrtle Beach almost cost me a lot of money. My kids liked the waterpark so much that they wanted me to buy one that weekend.

Purchasing a Myrtle Beach condo for sale is a big investment. So many people look at the finances and make a decision. I suggest that everyone should consider the emotional side just as much. In the end, it will be the pictures, the family memories, and the fun in sun that will matter. Let's not forget why we are buying real estate in Myrtle Beach in the first place.

As the owner of Century 21 The Harrelson Group, I urge each of my agents to experience the properties they sell. This is another way that we demonstrate our commitment to serve the consumer. We are also making videos for You Tube at every opportunity.

My next stop will be the Island Vista Resort or the Oceans One Resort in Myrtle Beach. I will let you know how it goes.

~Greg Harrelson

Dunes Village Condos for Sale in Myrtle Beach

Dunes Village Resort offers the biggest bang for your dollar!

The Dunes Village Resort in Myrtle Beach has always been known for their popular north-end location as well as the tons of amenities that visitors get to enjoy. When people think of Dunes Village, they think of a destination, not just a place to stay in Myrtle Beach.

The lazy river is just the beginning. Kids are amazed when their parents check into the resort and in front of their eyes sits an enormous indoor water park. When you visit Myrtle Beach, you think of the ocean and white sand. When you stay in Dunes Village Resort, you think of pools, rivers, waterfalls, games, activities, grills and more. Of course, the beach is there for enjoyment too, yet you may find it more comfortable sitting on a cozy chair watching the waves by the oceanfront pool.

Those looking for oceanfront investments seem to gravitate to Dunes Village Resort because of the extraordinary rentals that these condos can produce. It is common to have a unit generating $30,000 or more in rental revenue while a comparable condo in another resort may only generate $17,000 in annual rentals. Why would you buy in an inferior building with inferior income when you can invest the same amount of money and produce much better revenue?

There are 8-10 different floor plans in the resort ranging from spacious studio units to larger 4 bedroom units on the direct oceanfront. No matter your needs, there is a unit that fits every purpose.

In addition to the great investment potential, Dunes Village owners enjoy personal use out of these condos. They bring their families to the beach on the summer and use the indoor water park in the winter. This is truly the best of both worlds.

You may want to learn more about this oceanfront building. There are a few Dunes Village Resort condos for sale listed right now. If you are really serious about an oceanfront investment then contact me to discuss what may be available yet not on the open market. I have permission to discuss a few units that will be released by the developer that they were once keeping in their own portfolio. Only pre qualified purchasers are allowed this opportunity.

A few more notable resorts to consider are the Caribbean Resort, Paradise Resort Myrtle Beach and the Anderson Ocean Club.

Final thought...Wealthy investors buy low and sell high. Everyone agrees the Myrtle Beach real estate market is very low so this may be your opportunity to purchase a quality property at a deep discount.

North Myrtle Beach Real Estate Site

We've got a new website for North Myrtle Beach Real Estate!

If you're looking for a condo in Myrtle Beach or North Myrtle, you can find enough webpages and information on each one to pave Highway 17 the whole 60 miles of the Grand Strand.  But what if you're looking for a HOME IN NORTH MYRTLE BEACH???

Almost no real estate site has information and photos about the different housing developments that are everywhere in both beaches...but particularly in North Myrtle Beach.  If you don't know the name of any of the developments, you can't even search the MLS to look for what's available!

Well, now you can.  We've got about a dozen of the single housing communities with photos and info, and will be adding to it as we can.  We're also building out the C21 site for the south end now too!

So visit our North Myrtle Beach real estate site and let us know what you think.  Tell us if you'd like a particular neighborhood added.  We want to be your Number One source for real estate in the Grand Strand, and we are doing this by putting knowledge and information at your fingertips.

Tell us what else you'd like to see!  You can contact us through our C21 Myrtle Beach site, or through the NMB site!

Homes in Legends Myrtle Beach

A Home for Sale in Legends

For years, sellers of homes in The Legends Golf Plantation were having a tough time selling.

I am happy to report that the tide has turned and the sales activity has picked up in the Legends. We have recently sold homes, condos and vacant land in the Legends community. Sago Plantation is still a slow seller, yet the Parkland community has become very popular.

According the the Myrtle Beach MLS, more homes in The Legends have sold this year then all of last year. That is a good sign for this quality community near Carolina Forest. The Myrtle Beach real estate market is lucky to have so many great golf communities like this. If you are considering the sale of a home here, then now is a great timeto sell as well. We have Realtors in our office  who live in the Legends so let us know if you need any help.

Visit our website for Legends Myrtle Beach homes for sale, or see the page on our main C21 site for the Turnberry Condos.    

Greg Harrelson is your Myrtle Beach Real Estate Resource.

Myrtle Beach Short Sales Still a Wise Investment Tactic

For a few years, Myrtle Beach Short Sales were ignored due to over-supply of foreclosure listings in the local MLS. Now that buyers are competing for foreclosures in Myrtle Beach and finding themselves in a bidding war, they're starting to turn to short sales to find value and make sound investments.

Handling short sales in Myrtle Beach or any area can be frustrating if you don't understand the game. There are a few rules for short sale investing that need to be followed in order to find a good deal.

Successful Myrtle Beach Short Sale Investing Tips....

1. Be patient - Too often, buyers make an offer and expect that they will get a quick answer. Banks have a lot to consider when approving a short sale so give them the time they need. No matter how long they take, If you are offering the right price for the property then it will be worth the wait. Recently, I saw a buyer back out of a contract because the bank was taking too long and the next buyer stepped in and purchased the property for a liquidation price.

2. Structure the offer properly - A good way to structure an offer is to tell the bank you will pay the back HOA dues. Of course, you factor this into the offer so you are not over paying yet the bank loves to see they don't have to cover those costs at closing and are more inclined to approve your offer.

3. Quiz the Realtor -  Make sure you are dealing with a real estate agent that understands the process. Many agents can list Myrtle Beach short sales yet only a few really know how to get them closed. Ask them if the seller is late on the payments or if they have already verified their hardship. Wasted time can be prevented by asking the proper questions up front.

If you are looking to purchase a Myrtle Beach investment property, then a short sale must be considered. Continue to look in the Myrtle Beach MLS for homes and condos that are bank owned, yet don't ignore the agent if they want to show you a short sale. Recently, the banks have been approving short sales at a record pace. We believe they want to get these properties off their books before they go to foreclosure and the way to do this is to agree to sell the property short.

Now may prove to be the perfect time to accumulate real estate in Myrtle Beach. Let us know how we can assist you.