Hilton Head Market Trends for July 2011
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Some of our short sale sellers on Hilton Head Island have included villa owners, second homes owners on the beach, permanent residences, horse farms and even large estates. These sellers went to a sales price below what they owed in order to get their property sold. My team than successfully negotiated these short sales with the sellers banks. Through these experiences, we have put together the experts, established the contacts, and gathered the tools to successfully handle short sales on Hilton Head today. Read the rest of this entry
Last night I got a call from a Kentucky client that owns a second home in Palmetto Dunes. He asked if I had seen the Wall Street Journal article titled Vacation Homes: Why it May Be Time to Buy. It states “The blue-chip market consists of a handful of spots where prices have stabilized and could soon rebound as sales pick up. Some, such as Hilton Head, have benefitted from tough restrictions on building, which kept inventories manageable during the bust. Prices there have risen by 4% during the past year.” Read the rest of this entry
Dear Friends, Clients and Fellow Associates~
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Whether buying to add rental income to your portfolio, buying to live or buying for a second home you will love these brand new Floorplans at Bridgepointe. BridgePointe is situated in the heart of Bluffton, South Carolina which puts you minutes from Hilton Head’s beaches and in the center of a subtropical lifestyle that is warm and close to the ocean. Read the rest of this entry
If you are planning on making a great dinner at home, stop and visit Barnacle Bills Seafood mid Island on Highway 278 (next to the old log cabin gas station). Bill’s is a landmark and tradition on the Island with his seafood stand and his great attitude. Not only will he entertain you, he will also help you select the freshest of seafood. He specializes in locally caught seafood including Tuna, Snapper and other catchesof the day(he gets three deliveries daily so you can be assured it is fresh). He told me he does not just verbalize how fresh it is, he helps others visualize what to look for when buying seafood. Below is a note from Bill and to the left is a recipe for boiling shrimp(click on the photo on the left to make it larger)….his secret is to move it off the heat as soon as he puts the shrimp in!
Although some properties today are selling “as-is” usually there is some time frame that Hilton Head sellers will give a buyer to complete a property inspection. While property inspections cost about $500 dollars depending on the size and type of property, they are well worth this out of pocket cost for the purchaser. Within a few days the home inspector will send via email photos and detailed information about the property that helps a buyer understand their new property and may identify any areas that may require more review. Read the rest of this entry
Rental properties on Hilton Head may have taken a beating in value but they have kept on ticking when it comes to rental income. While some values have dropped on rental properties (approximately 36%) on Hilton Head Island, the gross rental income has stayed fairly constant. Recently purchasers have warmed up to rental properties as they negotiate some very sweet deals on some of the best locations. Although investors have started buying these rental properties, we still have a few great locations available. Read the rest of this entry
The best Hilton Head Island purchase we ever made was “Ol’ Bessie”. That is what my wife and kids named our 1991 club car golf cart. When we purchased her in 1993, she had already been set out to pasture by a golf course in the north east and we were told because the seasons were shorter up there, she still had a lot of life in her. We added the back seat kit and the top and she is still going strong. Besides golf, there are many reasons to own or rent a golf cart in the Hilton Head or Bluffton areas. Read the rest of this entry
We have used everything including facts, humor, time lines, fast talking, slow talking, explaining the rules up front and for some reason nothing has worked, yet! The next time we have a buyer for a short sale we are going to have them take this test. The results will reveal their tolerance for patience and we than will know what is expected of us. In order to add some humor to these challenging sales we have noted a few rules below.
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