Contrary to popular belief, summer is not the biggest selling season on Hilton Head Island. While the Island is busier, the agenda for families visiting Hilton Head during the summer is rest, relaxation and time with their families. Even if they are considering buying property in the area, their family time is too valuable to go real estate shopping. This also gives them a good excuse to return again in the fall!
Buyers need to beware when using Automated Valuation Models (AVM’s) to determine property values. AVM’s are values based on averages and found on websites including Zillow, Trulia and Homesnap . The problem with using AVM’s is that they do not account for unique property features. There is, however, a way to improve these AVM’s.
Nationally, mortgage applications increased 49% in the first week of January and 11% the week prior which is the strongest two week gain since December 2008(Housing Watch, Bank of America 1/15/2015). These lower mortgage rates are increasing the sales pace on Hilton Head Island and our phones are ringing, appointments are being made, contracts are being written and we are off to a great start. This is great news for the Hilton Head sellers, agents and buyers that can pick up their pace! Continue reading
Speaking with my coach, he told me that there are many that follow conventional wisdom when it is time to sell a property. Conventional wisdom is what the public and experts believe to be true. Listed below are reasons that are Contrary to Conventional Wisdom that apply to the Hilton Head Island Real Estate Market. Continue reading
They say “Timing is everything” in life and this is especially true when it comes to Hilton Head real estate. In the past, the best deals made on the Island were made because the purchaser was lucky and their timing was good. They just happened to be on Hilton Head Island when a property that matched their needs was on the market. In today’s market however, a purchaser does not need to count on luck to find the perfect property. Continue reading
We complete the Hilton Head Island Market Research below every month. We use this as our guide in explaining the market to Hilton Heads buyers and sellers. We have made some notes of the most obvious patterns that occurred. If you would like to receive these monthly reports via email, please send me an email at Robbie@robbiebunting.com . As well, if you would like to discuss the market, please feel free to call me at (843)785-7111 ext. 1. Please click the trend below for a printable copy of this market report. Thank you.
When it comes to selling real estate Albert Einstein was right on when he said “Insanity: doing the same thing over and over again and expecting different results”. We will not let a listing just sit and expect different results, therefore we are constantly tweaking our Hilton Head properties to make them sell. What’s tweaking got to do with selling? Everything! Continue reading
The best properties won’t sell unless the asking price mirrors the value of the property for sale on Hilton Head. In the past, sellers would receive offers if a property was priced incorrectly. Nowadays, buyers just move to the next property without ever making an offer or coming back for a second time. Because of this, many home sellers are adjusting the asking price of their property. In fact, yesterday 17 sellers decided to adjust their price because they understand the difference between price and value. Continue reading