Thursday, November 3, 2011

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.

Dunes Village Resort Myrtle Beach

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

Sunday, October 2, 2011

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.

Saturday, August 27, 2011

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!

Monday, July 25, 2011

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.

Monday, July 18, 2011

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.

Thursday, June 23, 2011

Mortgage Calculators – Get an idea about mortgage payments beforehand

A mortgage calculator is a tool that helps you to get an idea about the mortgage payments required when buying a home, property, or condo. It can help you to determine whether or not a particular mortgage is affordable or
out of range for your income.

There are various complexities that determine the payments, as different kinds of things can be included - such as property taxes or insurance. Some tools can even help to determine the total costs of a loan with these extras.

Types of Mortgage Calculators

Since you are finding out in advance what the payments will be, these tools will help in deciding which home or how much home you can buy. There is little point in looking for a home that is too expensive, getting your heart set on it, and then finding out you can't afford the payments. There are many online websites that offer you free usage of mortgage calculators. Before you select any particular calculator, you should check the authenticity of the website.

The different kinds of mortgage calculators include: a monthly payment calculator, cost calculator, amortization calculator, fixed rate, adjustable rate, interest-only mortgage calculators, and so on.

The cost calculator helps you in finding the entire cost of financing a certain amount. The monthly payment calculator, on the other hand, shows the monthly payment required for an amount financed. With this, you will know in advance just how big of sales price you can afford.

The amortization calculator helps you in understanding how your monthly payments decrease the balance and what you will owe at any particular time during the span of the mortgage. It gives you the details as to how much is applied toward the principal amount and the interest on the mortgage. If you can afford to pay extra on the principal, it can save a lot of money to do so early in the loan.

An interest-only calculator shows what a bank would require you to pay in (usually) quarterly interest on an interest-only loan. Adjustable rate mortgage calculators show the payments required when the interest rate changes during the term of the loan.

Qualifications to finance a home, and especially vacation homes in Myrtle Beach, are very strict these days. A Realtor is going to ask you to pre-qualify for a mortgage before you begin your search for property to buy. Although banks will have specific rules as to your income versus debt ratio, it's always helpful to use a mortgage calculator even before you apply, just to get an idea of what you may be able to afford.

If you have questions about financing Myrtle Beach real estate, please feel free to contact us. We'll be glad to give you tips on the do's and don'ts of keeping your credit score as high as possible - which in turn will keep your interest rate low and allow you to buy a bigger and better home or condo.

Monday, May 30, 2011

Press Release for Greg Harrelson as Myrtle Beach Realtor Coach

We just did a press release through PRWeb about Greg's speaking engagements with Keller Williams and other agencies, mentoring agents and teaching his methods for being an UBER real estate agency. He recently spoke in Las Vegas.

Myrtle Beach Realtor Coaches Competition Too

Wednesday, May 18, 2011

Anderson Ocean Club Condos are in Demand

Anderson Ocean Club Condos in Myrtle Beach

We have all heard of the disaster in the Myrtle Beach condo market over the past few years. There have been some fantastic buildings, like the Anderson Ocean Club, that have experienced price decreases from an original purchase price of over $700,000 to a price of less than $300,000. Keep in mind, Anderson Ocean Club Club condos are considered to be the preferred luxury condo community in Myrtle Beach.

Almost 12 months ago, we would have seen dozens of condos for sale in the Anderson Ocean Club and today there are less than 5 available. Obviously, buyers have discovered the tremendous value these condos have become and are taking advantage of the low prices.

Can you image owning a luxury condo on the oceanfront for less than $300,000 when it was originally purchased at $739,900? The days of buying these condos at this price level are almost gone so if you want to purchase a quality condo in Myrtle Beach then you may want to stop waiting.

See these and more Myrtle Beach condos for sale on our website...

Saturday, May 7, 2011

Myrtle Beach Foreclosures - How to find the Golden Nuggets

Myrtle Beach Foreclosures

Foreclosures in Myrtle Beach have been on the steady decline for the past 12 months. If you are looking for condos for sale in Myrtle Beach or North Myrtle Beach real estate, you will have fewer foreclosures to choose from. The decline in Myrtle Beach foreclosures is the result of a few different circumstances.

First, there has been a change in the rules as to when a real estate agent can list the foreclosures.

Today, the deed has to be recorded in the bank's name prior to listing it for sale. In the past, the bank could already market the foreclosure while working out the deed. This has created another backlog.

Second, the South Carolina courts just ruled to issue another moratorium on foreclosures once again, stopping the new foreclosures from coming on the market. This could mean that fewer foreclosures will take place in the near future, and some people in default will have more time to get a short sale completed on the property. This is good for those in default, yet this could mean an influx of Myrtle Beach foreclosures at a later date.

Third, more banks are approving short sales. No one can deny that banks are wanting to get bad debts off their books. The more short sales they approve in Myrtle Beach, the less foreclosures.

So, how do you find the Golden Nuggets in the middle of all this chaos?
Follow these simple steps and you will increase your chances of landing a deal on a Myrtle Beach foreclosure before the next buyer.

1. Call a Myrtle Beach realtor today and explain what you are looking for. Tell them the price you want to be spend, the type of property, the size, fixer upper or not. You have to be in the market and ready to pull the trigger if you want to land the Gold Nugget. Think of it this way...if an agent has ten buyers looking for certain types of foreclosures and one comes on the market, who do you think they will call first? You want to be one of those people that get the opportunity call.

2. If you want to buy a short sale or a foreclosure in Myrtle Beach and don't have cash then you MUST have a pre-qualification letter in hand. Banks do not look at offers with financing unless the buyer has a pre-qualification letter.

3. Don't play games. When a Gold Nugget appears, jump on it. Any great deal will have three offers in the first few days of it being listed. If you are the only offer on the property then it probably isn't a steal.

Buying a foreclosure in Myrtle Beach has become competitive. There are still some great deals, and if you follow the above steps then you may find the deal falling in your lap. Any agent at Century 21 The Harrelson Group is capable of helping you. As a matter of fact, no company in the Myrtle Beach MLS has helped more people buy and sell foreclosures in the past 5 years. We are committed to helping our buyers and investors create wealth in real estate by making sure they find that Golden Nugget.

In five years from now, investors will be saying, "I could have bought it for $$$.... 5 years ago".

Saturday, April 30, 2011

Myrtle Beach Expired Home Listings

Why does a MLS listing expire without a sale?

Each morning, there is a new list of Myrtle Beach homes and condos that fail to sell. These are called "Expired Listings". Typically, these properties have been listed for sale with a Myrtle Beach Realtor for 6 or more months and were not sold.

So why does a perfect home or condo end up on the Myrtle Beach Expired List?
The answer will differ depending on who you ask...

- Ask a Seller and they will say the agent didn't do anything.
- Ask an Agent and they will say that the seller over-priced the property.
- Ask me and I will say the property was not marketed aggressively.

You have to decide which answer you will accept, yet most professional agents across the country would agree that the marketing of a property for sale has the biggest influence on the success of the sale.

Putting a property on the MLS is not marketing. Everyone puts their listings on the local MLS and the internet. The key is to choose a realtor who goes beyond the norm to market a home. E-blasts, database farming, brochures, flyers, phone calls, fax marketing and the list can go on and on - these are the types of things that are done to get a property sold.

Just last week, over 200 properties showed up on the MLS expireds list. That means 200 properties failed to sell in one week alone. Think about how many that will be in a year's time.

If you have a home for sale in North Myrtle Beach, Surfside Beach, Little River, or anywhere else in the country, you need an agent that has a written marketing plan to get your property sold. If they can't show you a plan then you are taking a great risk if you choose to use them to sell your property.

Remember, a strong marketing plan keeps you off the Myrtle Beach MLS  Expireds list.

Friday, April 22, 2011

A Real Estate Website Made With Buyers in Mind

When we recently had the C21 Harrelson Group redesigned, we spent a lot of time researching the various MLS products and templates until we found the one that we felt would be the most easy-to-use, informative, and fun way to display and inform our buyers of just what Myrtle Beach has to offer. We spent hours researching the many communities, listing the amenities, taking photos, and hoping to be one of the most highly informative real estate sites on the Grand Strand.

We plan to add even more as we go along, but we hope you, as someone interested in possibly investing in a condo or home in Myrtle Beach, will take some time and explore what we've put together for you.  Look through the pages that describe Barefoot Resort, Carolina Forest homes for sale, Prestwick Golf and Tennis, Prince Creek, and all the other communities we've investigated for your benefit - so you can make the best decisions and see everything before you decide!

Visit our website, use our tools, and enjoy the fun of exploring real estate in Myrtle Beach!

Saturday, April 9, 2011

Plantation Lakes Homes are Selling

Plantation Lakes Homes in Carolina Forest

Homes for sale in Carolina Forest are selling at a faster pace this year than any single year since 2006. This is great news for the for those looking to sell a home in the area. The listings that are on the MLS in Myrtle Beach are getting more showings, resulting in an increase of purchase offers.

Over the past few years, foreclosures and short sales have had a negative impact on homes in Carolina Forest as well as homes in Plantation Lakes. The great news is that the number of Plantation Lakes foreclosures are drying up - giving the community a chance for recovery soon.

If you are thinking of selling a home in the area then it may be worth the time to get an updated evaluation of the market value so you can see how the changes in the market have impacted your investment.

If you are thinking of buying a home in Plantation Lakes or any other community in Carolina Forest then you may not want to wait any longer. You have been smart to wait until the market hit bottom yet waiting any longer may cost you thousands. This doesn't mean that you have to buy today or buy never.  Yet, if you are looking for great value then this will prove to be the best year to purchase a Plantation Lakes home.

Feel free to email or call Greg Harrelson with Century 21 The Harrelson Group for a no-obligation report on what is going on in the Plantation Lakes community. A great real estate investment starts with a thorough understanding of the Myrtle Beach real estate market.

Sunday, March 13, 2011

Myrtle Beach Real Estate is Heating Up

We have all heard about the bad investments that so many people made in the Myrtle Beach real estate market. People purchased condos for $750,000 and they are now selling for $300,000. There are cases where a condo owner may have a mortgage today to $289,000 yet the unit would only sell for $110,000 right now. All of these stories are true. Obviously, like the news, often it is the bad stories that most people pay attention to the most.

I'm going to let you in on a little secret...

There are some good stories taking place right now that are getting zero attention, and the buyers involved hope you never hear about it. Recently, one of our clients who purchased a condo 18 months ago for $175,000 was just offered $270,000 and he wasn't even listed for sale. I wonder why that story didn't hit the news? I have another client who owns a unit that last year was selling for $145,000 and today the cheapest unit listed in the building is $229,900.

Once again, isn't this the first time that you've heard this story?

At some point, the story about Myrtle Beach real estate will change. The bad stories will turn into good and it appears that it is silently happening right now.

If you are going to buy a condo in Myrtle Beach or possibly a piece of North Myrtle Beach real estate, then you may want to start looking right now. What else would you be waiting on? If you wait until the newspaper writes about these amazing deals, it will be too late.

If you do decide to purchase along the Grand Strand then make sure you choose a Myrtle Beach Realtor who has experience working with investors. A good real estate agent can help you identify the deals that a lot of others may not know about. I hope you will be one of the area's next success stories.
~Greg Harrelson

Sunday, January 30, 2011

A Home in Linksbrook at Prince Creek Myrtle Beach

If you are looking at homes for sale in Prince Creek, then you must consider the Linksbrook community. Linksbrook's popularity starts with the fact that it is located in a low traffic area yet close to all that the Grand Strand has to offer. Restaurants, health care, grocery, area attractions are convenient due to the proximity of the area's major road systems. So, when in Linksbrook, you feel that you are away from everything yet everything is just 7 minutes away.

This Prince Creek home is a 3 bedroom home with plenty of upgrades. After a game of golf, you can enjoy soaking in the garden tub, relaxing in the sunroom or taking a nap in the large master suite. The home was designed to be maintenance free so it won't require you to be a handyman in order to enjoy the home. The community offers a pool, tennis and other areas for family recreation. It is very rare that you can purchase a home for this price in a Prince Creek community.

Monday, January 17, 2011

Lessons From the Past in Real Estate Investing

Myrtle Beach Real Estate investors should learn an important lesson. I have been reflecting on the past 17 years of my real estate career, and realize that there have been a lot of lessons to learn about the Myrtle Beach real estate market. Below are a few observations that are worth reviewing to see the trends that we need to consider.

Myrtle Beach Real Estate Outlook in 2001
 *Prices were low but few people were buying.

Myrtle Beach Real Estate Outlook in 2004
 *Prices were rising and buyers wanted to buy.

Myrtle Beach Real Estate Outlook in 2005
 *Prices were too high and buyers were willing to pay any price to own a property.

Myrtle Beach Real Estate Outlook in 2007
 *Prices were declining and buyers were not buying as much.

Myrtle Beach Real Estate Outlook in 2009
 *Prices were so low and no buyers were buying.

Myrtle Beach Real Estate Outlook in 2011
 *Prices are likely to be at their lowest point....what should buyers do?

One fact will remain for sure; real estate markets will go up and down in cycles over time. The key about condos for sale in Myrtle Beach is that you enter into the market at the correct time.

There has been a lot of negative news about real estate across this country, yet no matter what the banks, realtors, appraisers, or government folks have done to positively or negatively influence the real estate market, we still could have done well if we have learned lessons from the past.

The bottom line to investing is simple.
Buy when the market is low and sell when it is high.

So, how do you know when the market is high? Simple, when everyone wants to buy then it is time to sell. Because, when everyone wants to buy is when demand is high and prices rise at a fast pace. Real Estate hasn't been at these prices for years and the buyers who position themselves in quality investments right now are likely to accumulate a lot of wealth in the next 10 years.
~Greg Harrelson

Thursday, January 13, 2011

The Bluffs on the Waterway in Carolina Forest

I am often amazed at how many calls we get from people who want to look at homes for sale in The Bluffs on the Waterway. This gated community gives you a sense of security while offering every amenity you could possibly want.

You can drive you golf cart to the beautifully designed clubhouse and let the kids enjoy the pools while you relax in the sun, or you can pull out the boat and enjoy the day on the Intracoastal Waterway without leaving the community.

The Bluffs on the Waterway homes for sale represent one of the best all around values that the Myrtle Beach real estate market has to offer. For those that have a boat, you can utilize the community boat storage so you don't have to clutter your garage. If your passion is golf then you are only a few minutes from the areas most popular golf courses. If you run out of milk, you are only 2 minutes from the new grocery center.

Take a look at the homes for sale in The Bluffs on the Waterway and if the perfect home doesn't appear then you have the option to choose a vacant lot and have a home custom built especially for you. Browse through the MLS listings for homes in the Bluff or other great communities on our Carolina Forest pages!

We are your Myrtle Beach real estate resource.