As the market continues to improve we have seen more homes selling over 1 million dollars. Many buyers pay cash, but for those that are looking to finance their Hilton Head Real Estate there are many sources for Jumbo Money including the three ideas below: Read the rest of this entry
Listed below are some of the conversation turning points we have had with our Hilton Head sellers, purchasers and fellow agents in 2010. Of course, this is a new language that we have had to learn to react to the changing market. All bets are off next year as the pendulum shifts to a buyers market or somewhere in the middle. Read the rest of this entry
The other day I took my toughest clients to lunch, my mom and dad. In this appointment, I was going to tell them that they should drop their price and sell their home at “market price” rather than waiting for the market to turn around. Once we sat down, one thing became perfectly clear, I needed to tap all resources to communicate my message. This couple was tough. They knew how to debate, in fact she had been my first real estate broker and they had all the right answers, I pushed on. Read the rest of this entry
We are now taking applications for motivated buyers on Hilton Head Island. If you think you qualify for this position, please take a minute or two and answer the following 10 questions. Please try to answer these questions as truthfully as possible. If you have more than 50% true, it is important that you contact a Hilton Head REALTOR as soon as possible. Read the rest of this entry
I was driving down the William Hilton Parkway yesterday and spotted the first sign that our selling season will soon come to an end. The pumpkin patch mobile home pulled into position across from Harold’s Diner. Soon the green and white tent will go up and we will all be thinking a little more about the holidays and a little less about real estate. After they sell all the pumpkins, out come the Christmas trees but, between now and than Hilton Head Island will offer Chamber of Commerce Weather which in turn attracts great buyers. Read the rest of this entry
Ready, Set, Recharge! We have put together our Hilton Head Island Getaway including our favorite restaurants, our favorite places to stay and a fun list of things to do on Hilton Head Island. This time of year is a favorite for weekenders with the temperatures in the 70’s and 80’s, white puffy clouds and a slower pace than the busier summer season. With easy driving distance from Charlotte and Atlanta and direct flights into nearby Savannah/Hilton Head Airport, our weekenders love Hilton Head because they can arrive to the Island on the same day and in only a few hours. Read the rest of this entry
The way you live in a home is different than the way you sell it!
These days marketing strategies are more important than ever for home sellers. With homes on the market in greater numbers and prices at an all time low, sellers need a competitive edge to put themselves ahead of the competition. Staging a home before it goes on the market is essential in making it the best product for potential buyers. Staging a home can range from a few decorative changes to furnishing vacant spaces. Any attention to enhance a home for the market will improve its selling potential! Read the rest of this entry
A note from Paul Griz, CPA about Short Sales and Taxes
Whenever a debt of a taxpayer is forgiven by a lender, whether the debt is credit card debt, home mortgage debt, or other debt, the forgiven debt, i.e., debt relief, is generally taxable to the taxpayer. With regard to short sales or foreclosures, if you have reached an agreement with your mortgage lender in which the lender has agreed to forgive your mortgage, you will be subject to income tax consequences. The lender will typically issue either Form 1099-C “Cancellation of Debt” or Form 1099-A “Acquisition or Abandonment of Secured Property” in the year of the asset sale. In other words, you should receive one of these forms from your prior lender in the year of the closing of your home. At that point, the debt forgiveness is reported to the IRS as income. Read the rest of this entry
The Director of Sales at Dunes Marketing Group, Bill Baldwin was recently quoted in the local Island Packet stating that the Hilton Head real estate market bucks the downward real estate trend reported nationally. Now I really don’t know how a newspaper makes money, but as a Hilton Head homeowner and a realtor on the Island, I think I would read the paper more often and even advertise more frequently if the paper had more news like this in the headlines. Read the rest of this entry
If you are a buyer or seller and are wondering what a short sale is and how you can benefit, shoot us an email at robbie@robbiebunting.com or call us toll free at 800-932-3652. Essentially a short sale is selling a property for less than what is owed the bank. We have worked out many short sales for our buyers and sellers and have found that although time consuming, they can be a way for a purchaser to get a great property or a seller to get their otherwise upside down property sold. Read the rest of this entry
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