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Here is the market report for Waterford Plantation in Carolina Forest of Myrtle Beach, SC. This report is current as of 12/1/08. As always with the Myrtle Beach real estate market, this information is constantly changing. For more detailed and updated information, call David and Kristin Small with Eagle Realty in Myrtle Beach.
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Myrtle Beach Real Estate Market Report- Waterford Plantation - 12/1/08 |
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Current Homes On Market |
28 |
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Current Price Range Of Homes On Market |
$194,900-$679,900 |
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Average Price Of Homes On Market |
$337,146 |
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Total $ Amount Of Available Homes |
$9,440,100 |
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Heated SqFt Range Of Available Homes |
1500-3800 |
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Current Homes Pending |
2 |
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Current Price Range Of Homes Pending |
$274,900-$279,900 |
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Average Asking Price Of Pending Homes |
$277,400 |
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Number Of Homes Sold/Closed Since 01/01/08 |
12 |
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Price Range Of Homes Sold/Closed Since 01/01/08 |
$214,000-$416,000 |
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Average Sold Price Of Homes Sold/Closed Since 01/01/08 |
$311,441 |
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Average Days On Market Of Homes Sold/Closed Since 01/01/08 |
133 |
For more information about Carolina Forest real estate, Conway real estate, or Myrtle Beach real estate, call David and Kristin Small ...REALTORS® with Eagle Realty at (843) 997-0021. We can help you with all of your Myrtle Beach, SC and Horry County real estate needs. Are you looking to buy a home, condo, or property in Myrtle Beach, SC? We can help. Do you need to sell a home, condo, or property in Myrtle Beach, SC? We can help. Are you looking to invest in Myrtle Beach real estate? We can help. Join our growing list of clients that understand when it comes to Myrtle Beach real estate... FOR BIG RESULTS, CALL SMALL!!
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At our company, the receptionist is off on the weekends and there are two agents assigned to floor duty at a time. On Saturdays there are two shifts, from 8:30-1 and from 1-5:30 and I prefer the earlier shift (which is good for me because I ended up with it two Saturdays in a row this month). Last Saturday it was quiet but there were more people in and out, but this weekend it's nearly dead. Halfway into our shift we have only had two calls and they have both been commercial calls which has its own agent on duty.
I don't mind it being quiet because I can catch up on my ActiveRain and e-mails and check MLS for any hot new listings or price changes to send to clients, but the time goes much quicker and it's also nice to hear the phone ringing and see people in and out of the office more - both agents and clients. So more activity would be preferable but I have heard from other agents that the holidays are usually a very quiet time for real estate.
Ok, so January 1st, I expect to see a stampede!
Hope everyone had a wonderful Thanksgiving and survived Black Friday!
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In today's market that seems to be flooded with homes and now deals, selling your home is becoming increasingly difficult. In one of our recent blogs PRICED...TO SELL vs. FOR SALE! What is YOUR home? We discussed some market proof techniques to selling your home. Well, the reality of that particular situation is that SOME homeowners JUST CAN'T implement that technique. Well, if that's the case, then we need to look at some "NOT-So Risky" Alternatives. My Answer is the LEASE OPTION! The Lease Option option is one of the least riskiest alternatives to selling in ANY market.
In MY Opinion...I see the Lease Option as one of the best investment strategies for investors due to the fact that it is the least riskiest. I view the Lease Option to be the least riskiest due to, if structured properly, you are virtually free of all risk. Essentially, the Only risk that one would assume is the fact that someone lives in their home that does not own it. Basically called a Lessee (Someone who received a lease on a property). I choose not to call them a tenant because the person that you are looking to emplace in your home on the lease option option is NOT a tenant. To me, a tenant is someone who looks to just rent your home with no intention of purchasing the car, therefore has a different mentality when living in your home. Tenants usually only have to put 1-2 months (2 months max due to state regulatory laws based on the state you live in. Here in SC, a landlord is only allowed to take maximum 2 months security deposit). On a lease option structure, there are no regulatory laws that restrict you from charging as much as you want on what we are going to call the NRLOCF (Non-Refundable Lease Option Consideration Fee). This is a FEE (non refundable) that allows a "Lessee-Buyer" the OPTION to purchase the home in a specific period of time. For me, I usually charge a certain percentage of the agreed upon purchase price.
Now, there are a few different factors that must go into consideration when properly structuring a LEASE OPTION that will properly protect you the seller.
Here's the one thing that makes the lease option the best viable option when one is unable to sell their home due to personal situation in a declining market. 1. You provide a means of housing for a low downpayment to someone who WANTS to own a home, but just can't due to a fe different reasons which put you in a position to control the price. 2. You get to still own the home and wait out market conditions to sell. 3. The Lessee -Buyer has a Buyer's mentality so they are more than likely going to take care of the home like it's theirs.
Here's the best analogy that I can best assimilate a Lease Option structure to...Leasing a car. You drive it off the lot, you tell everyone it's YOURS...You brag about it, YOU maintain it, YOU pay for everything and after the time period agreed upon, you can purchase the car. If you choose not to, you walk away from everything that you have invested in the car and the dealer makes out in the end...It's the SAME THING with a lease option. The lessee-buyer agrees on terms with the lessor-seller, moves into the home, tells everyone it's THEIRS, they pay for all that happens within the home & anytime during the agreed upon time period, they can purchase the property, but should they decide to walk away, they walk away from everything they have invested in the property...including the NRLOCF (that remember was a % of the sales price). This is where you want the payment to be a bit hefty so they have to think twice about walking away, but you want it to be low enough where it benefits them to lease option the property rather than purchase something else. For more information and a complete detailed explanation on LEASE OPTION structuring or assistance with Homes for Sale in Myrtle Beach or Myrtle Beach real estate in general, feel free to contact me anytime.
Christopher.Hart@Hartrealtyonline.com
843-903-HART (4278)
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The "Golden Mile" one of the finest sections of real estate in Myrtle Beach, SC. When I say Golden Mile, I am not referring to a Tom Hanks movie from a few years back. That my friends was The Green Mile which while it was an awesome movie, it has nothing to do with Myrtle Beach Real Estate.
So what is The Golden Mile you may ask? Well, it is a section of Single Family Oceanfront Homes in located in the heart of Myrtle Beach, SC. It stretches about a mile long and hence how it got it's Golden Mile nickname. There are no hotels, just beautiful homes and scenic views of the beach.
Besides the awesome views, you can also find some great non-crowded areas of the beach. Even during the busiest times of the year the beach seems to always be less crowded than if you were visiting the beach near one of the large hotels. This also means you can normally find some really great shells along the Golden Mile.
I went down to the Golden Mile last week and since it was so vacant I saw it was a perfect time to snap a few beach photos. Don't take my word though about the great views, see for yourself from my trip.







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Contact Jeremy Blanton, ABR, Relocation Specialist, REALTOR®, with Coldwell Banker Chicora Real Estate in Myrtle Beach, South Carolina at 843-449-4404 to list your property for sale or to purchase a property in Myrtle Beach, North Myrtle Beach, Conway, Murrells Inlet, and the rest of the Grand Strand area in Myrtle Beach, SC.
If you're thinking about buying a home in Myrtle Beach there are plenty of great deals in today's market and now is one of the best times to buy while interest rates remain low.
To keep up to date on the current state of the Myrtle Beach Home Market & other information about Myrtle Beach, subscribe to my blog via email here or visit online at www.myrtlebeachhomesblog.com.
Contact Jeremy or start your home search here - www.dennisgblanton.com. If email is your communication preference, email me at jeremyblanton@chicora.net.
For info on Myrtle Beach homes for sale, click here and then select the box that says Click here to search properties for sale along the Grand Str