I have been accused of being an optimist. Now with the phone ringing and the website leads flowing in on a daily basis, I can clearly see its not optimism that is pushing the market forward. Wwe are meeting new buyers daily. For those that are still trying to time the market or are waiting for a sign, read below: Read the rest of this entry
We are offering Dream Home Experiences on Hilton Head Island. The key to getting your Dream Home is to have a team that works on your behalf to make it happen. In part 1 of the short video above, you will hear from Karen Verechia of Studio V, a recent buyer on Hilton Head Island about how she almost lost her dream home and how she was able to put together the team that helped her get it. In part 2 of the video below you will hear from David Crowell of Mortgage Network on how to make it happen. Read the rest of this entry
Jane and I have recently been flush with cash buyers purchasing homes on Hilton Head Island. One buyer told me she was getting .90 basis points on her money and figured she might as well buy a house on Hilton Head and put her money to use and at least have fun with it. Our buyers are tired of the stock market emotional roller coaster and when they have put their money in the bank they are getting practically nothing. They are finally turning to the one asset class where they can enjoy the fruits of their labor. Their mantra is Buy Now, Retire Later. Read the rest of this entry
We are selling our listed properties and our marketing programs are working in a big way for our seller clients. We just closed on a 3 bedroom villa on the Island that had been listed with 4 previous agents before the seller came to us to get the job done.
Listed below are the market trends for Hilton Head Real Estate for the month of August. This is a snapshot of the activity on Hilton Head and shows the activity at various price points. When sellers are positioned correctly with the big three(condition, location and price) the DOM(days on market) is applicable. The information below should be factored in when buying or selling in the Hilton Head Area. If you would like for me to summarize this report simply email me at robbie@robbiebunting.com or call me direct at (843)842-0805. Read the rest of this entry
An agent called the other day and presented an offer 70% off the adjusted asking price. We understood the buyer(agent) was trying to negotiate with the seller….but it seemed to me the agent really set their buyer up for disappointment. The first thing that popped into mind was “Do they really want to buy this home?” and “Who really came up with this price?” Typically when a buyer makes an offer this low, it usually means they do not understand the present real estate market and it is our job as professionals to move them closer to reality. Usually buyers need more information and will proceed if we better manage their expectations. Our recent market trends reports helps our sellers and buyers better understand the Hilton Head Real Estate market and sets them up for success. In this case, similar properties were selling for 11% on average off the listing price. So how did this buyer determine offering 70% less?
If you have purchased a second home, lot or rental property in the Hilton Head Area (or are thinking about it), you are in for a break. Governor Nikki Haley signed in a bill this week that will encourage investors back into the Hilton Head Island Real Estate Market. This bill will give home site owners and second home owners the opportunity to pay 25 percent less in property taxes or the fair market value in taxes on the property, instead of paying taxes on the sale price of the property. Read the rest of this entry
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
Recently, a Hilton Head property pended after 900 days. It had also been previously listed for sale for for 500+ days previously with another agent, bringing it to a grand total of over 4 years on the real estate market. Sellers need to know that there only three reasons a property does not sell including condition, location and value. Because the condition and location were excellent, the only thing wrong was the value. Read the rest of this entry
The Hilton Head real estate market offers opportunities for sellers, buyers and agents to be creative. Some sellers have sweetened the pot by throwing in furnishings, golf carts, boats, seller financing, property trades, accepted time share down payments, purchased home warranties, guaranteed rentals, removed wallpaper, staged homes, offered vacation bonuses and we even had one seller that took in rare gold coins towards their sale. Incentives may be the extra motivation needed to close the sale rather than price. Read the rest of this entry
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