Nothing like a stabilized economy to kick vacation property sales into high gear!   Prospective buyers for vacation homes and villas have been sitting on the fence waiting for signs that the economy was A-OK before sticking their big toe in the water.  Factors including stable or increasing primary home values across the country and a rebound in stocks give way to confidence that is needed to buy a vacation property.  With summer months ahead, the perfect Buyers storm for vacation properties is about to happen on Hilton Head Island.   Here’s why: Read the rest of this entry

As a mortgage lender we always order an appraisal on the homes and condos that we are financing.  The appraisal is full of information about the house, the neighborhood and the overall real estate market.  In one section of the appraisal there are  three little boxes that pertain to the property values.  The little boxes are labeled increasing, stable, and declining.  Only in the last few years have we received appraisals with the “declining” box checked.
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