Archive for the ‘Murrells Inlet Real Estate’ Category

Site marker for Bennettsville Tornado

On March 28, 1984 Ron Harrelson was in Atlanta, GA having lunch outside with a co-worker when a violent burst of wind blew in disturbing the trees on a seamingly normal March day.  Just as quickly as the wind made him take notice it was gone but he later recalled it as part of the original disturbance that eventually made it through Marlboro County wrecking homes and businesses.

Harrelson’s story is unique for the start of the storm he encountered because he was in Bennettsville soon after the tornado ripped through parts of the Pee Dee.  Ron of Aiken & Company in Florence is joining in the REALTOR® lead effort to collect donations and supplies for the Joplin tornado victims and is providing a drop off point for Florence residents that wish to support this worthy cause.  The final day for donations is June 10, 2011.  Contact Jenna Kinard at B&P, Inc. for more information. 843-479-7151.

The Five Star Conference and Expo being held in Dallas TX in September is one of the best events for REO and Default Servicing Professionals in the Industry.   This year the FSC is holding a contest and will be giving away a full conference package including hotel stay.

This is a wonderful opportunity for an REO Professional like myself to attend for free.   All I have to do is get your support by watching my I am a Leader Video.  Who knows, you might get inspired to make one for yourself.  Thank you in advance for your help.  Please share it with your friends on FB, Twitter, your blog…

Did I mention my birthday is in September?  This would be a very nice present and learning experience for me.

As spring rolls into summer and the tempatures rising along the Grand Strand it seems everyone wants to head out to the pool.  If you are lucky enough to have one in your community you certainly  pay for it through your HOA fees.   Some municipalities are cutting budgets and pools are one of the first to go in an effort to control spending.  With options disappering just as the summer is starting to heat up are you ready for your own swimming pool?

Adding a swimming pool to your yard might add to your family enjoyment but it won’t necessarily add to your homes value.  If you won’t be staying in your home for the long term it doesn’t make sense to add a pool especially if home values in your neighborhood are declining as many have been over the last year.  One option could be a kiddie pool that you can take with you when you move and small inground pools are great for small spaces and small budgets.

An inground pool with hardscaping can turn unused space into a family oaisis perfect for relaxing or entertaining.  There are many choices in materials and finishes and adding a pool is just one part of the process.  You have to consider the landscape too both for where to site your pool and how you will landscape around it.  Just make sure your HOA will allow you to add a pool and what type you can add as many people may find they are restricted.

Along with a new pool comes new responsibilities including keeping chemicals in check.  Even salt water pools need to be monitored for health of your family and longevity of your investment.   In addition all pools are prone to staining and need to be cleaned on a regular basis and if you aren’t up to the task you can certainly hire someone to do it for you just make sure you add it to your budget.   Caring for landscaping, decks and fencing should also be taken into consideration when you are deciding if you are ready for a swimming pool.

After seeing the devastating tornados rip through many communites and Joplin in particular I could not help but feel a huge sense of need.  People lost their homes and loved ones much as they did in Bennettsville, SC  on March 28, 1984 but on a much larger scale.  In the 1984 event in South Carolina people came from every direction to help the citizens that lost everything.  Today we are reaching out to help those affected by this most recent outbreak.

It is so wonderful to see the citizens of Bennettsville step up to lead the effort to help those who need so much.  An 18 wheeler has been donated to take the supplies and will be leaving Bennettsville on June 10, 2011.  Please visit our event page to learn more about how you can help us with this important endeavor.

 

The average sale price for a single family home in Murrells Inlet fell in April to $304,372 with an average of 225 days on market. The number of homes sold fell 27% from April 2010 and the sales price for single family homes in Murrells Inlet fell over $67,000 from last year.

It is important that buyers and sellers understand what is going on in the broad market snapshot may not be what is happening in their neighborhood.  Everyone knows it is a buyers market but some areas are fairing much better than others.  Copyright©2011 Sandra Bundy, Broker-in-Charge, B&P, Inc.  Serving the Pee Dee and Grand Strand of South Carolina.

 

According to NAR sales of existing homes rose approximately 3.7% in March as many are looking for good news in the housing markets. In the Myrtle Beach area single family home sales were up 7.9% from March 2010.

While the number of homes sold increased so did the number of distressed sales that saw a 27% increase over March of last year. Myrtle Beach area numbers for cash sales are at 35% and in line with the national average while distressed sales edged up to over 38% of sales compared March of last year.

These numbers are a broad snapshot of all single family sales in the MLS and as a whole the sale price increased in the Myrtle Beach area to an average sale price of $238,587 for March.  This is a 9% increase over sale prices in March of 2010.  Copyright©2011 Sandra Bundy, Broker-in-Charge, B&P, Inc.  Serving the Pee Dee and Grand Strand of South Carolina.

Murrells Inlet Waterfront

 

I spent the weekend showing condos to a very nice young man who is moving to Murrells Inlet from PA.  While I had my doubts about some of the underpriced properties many of the units we previewed have great attributes that buyers will love.  With many units priced below $100k and reasonable HOA fees it was only a matter of which one appealed most to my new client but there is certainly something to appeal to a wide range of buyers.

Golfers would love the first floor unit with a screen porch overlooking the green that made up for the sameness of the buildings exterior.  Then there is the gardeners delight that is rare in Murrells Inlet that gives the unit owner a small piece of land to cultivate to their hearts content.  Investors will take notice of the 3BR’s in the heart of the Grand Strand that with a little TLC would be ideal for rental units with bargin prices to match.

The condo market has been hit hard by the housing crash and the excess inventory gives buyers many choices when it comes to making a real estate purchase.   Selection has never been better in the Murrells Inlet area for bargin priced condos and many will make great vacation homes and primary residences in addition to making great rental units for investors.  While there are many choices on the South Carolina coast when it comes to location you can’t go wrong with anything in Murrells Inlet.  Copyright©2011 Sandra Bundy, Broker-in-Charge, B&P, Inc.  Serving the Pee Dee and Grand Strand of South Carolina.

The landscape has changed dramatically over the last four years in the Murrells Inlet real estate market as the tidal wave of rising prices crashed.  In todays market proper pricing is the key to getting a home sold and buyers need to be aware that just because it is a buyers market doesn’t mean the list price is high like it was in years past.

When rising prices were the norm a seller could throw a number out for listing their home and if it was high the market would catch up to the price and it would eventually sell.  Gone is all the hipe as the reality of the market today is all about pricing especially when it comes to sellers motivation.  A majority of sellers are chasing a falling market in many areas and that makes price a critical factor but buyers need to be aware that many homes are priced correctly for the current market conditions. 

Buyers should have a good grasp of what the competition looks like when they are making offers on homes for puchase as not all homes nor market areas are created equal.  While past sales are a factor that will come into play when it is time for appraisal what other options exist should also be important to buyers who are pursuing a home purchase.  Once buyers find the home they need to be aware that pushing too far on price can and will cost them the home of their dreams especially one that is priced to sell in today’s competitive market. 

Copyright©2011 Sandra Bundy, Broker-in-Charge, B&P, Inc.  Serving the Pee Dee and Grand Strand of South Carolina.

 

Today after I checked the MLS hot list it prompted me to send out a tweet with an update about the Murrells Inlet real estate market in less than 140 characters. 

http://twitter.com/#!/SandraBundy/status/53122465391591425

And now you know how to find real estate deals in any market.  Search hash tags on twitter for the town you want to purchase a second home or investment property and connect with an agent that knows the market.  In doing so you will be sure to uncover the best deals in Murrells Inlet or anywhere else you wish to land.





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