Hot properties attract multiple buyers and real estate agents on Hilton Head Island.  If you are looking to buy a bargain in real estate, you must be prepared to act fast.  If you snooze, you lose! We have put together a check list to get a buyer in position to POUNCE on the next HOT property on Hilton Head Island.  Keep in mind if the asking price is substantially under value, the real estate market will bid it over asking price.   The only way to win the bidding war is to take aggressive steps and move fast.  Read the rest of this entry

62 is the Magic Number for a Reverse Mortgage

Almost 10,000 baby boomers per day are are turning age 62 and heading to Hilton Head Island for retirement.  You might ask what is so important about turning age 62… well age 62 is the minimum age to qualify for a FHA reverse mortgage and the costs to secure these mortgages is dropping.  Although the reverse mortgage has been available for more than 20 years, it is still misunderstood.  The most common misconception is that the bank owns the house;  that is not true.  The bank holds the mortgage, while the homeowner retains title. Read the rest of this entry