Hilton Head Real Estate markets move quickly
In the last few years, we all have learned that that the Hilton Head Island real estate market can move very quickly from an extreme “Sellers Market” to an extreme “Buyers Market”. Most markets bounce a little bit from a “Normal Market” right or left, but Hilton Head has bounced big time. Just two years ago prices were frothy and somehow we overcompensated for this and our prices now seem extremely low. The important thing to know is that this too will not last forever and normal will return. Read the rest of this entry
Record Low Mortgage Loan Rates
Mortgage loan interest rates are one of the key drivers in the real estate industry. In today’s economy, Freddie Mac is reporting 30-year fixed rates at historic lows over the last few weeks.
What does this mean to you?
- If you’re thinking about selling, now is a great time because buyers will be able to afford more home at a lower monthly payment.
- If you want to sell and move up, a low interest rate will help you get more home for the monthly payment you pay.
- If you want to stay in your home, now is a great time to refinance your existing mortgage loan.
Call me or e-mail me if you’d like more information. I am happy to answer any questions you might have. Contact me now. When it comes to mortgage loan interest rates, timing is everything. You can email me at email@example.com , or call us at 800-932-3652 ASAP. These rates offer the bottom of the market for every reason including rate, selection and price.
A note from Todd Brooks at Island Getaway
The first half numbers indicate that the vacation rental industry on Hilton Head will see a much welcomed increase in business in 2010 vs. 2009. The Spring season numbers held in check, but the Summer has shown a double digit increase, with July shaping up to be record numbers. The tragedy in the Gulf has exposed Hilton Head to thousands of new visitors. The Island’s overall tourism numbers will see the impact of this new exposure for years to come. We have yet to see what kind of retention rate we will have with first time visitors and if they will put Hilton Head in a rotation with their other annual vacation destinations, or even make it a permanent one. Nonetheless, it has our company’s inventory at capacity for every week in July. One thing I have noticed about the displaced vacationers from the Gulf, is that they are primarily looking for oceanfront accommodations. The majority of inventory in the Gulf Coast region consists of oceanfront condos, and people are creatures of habit. Read the rest of this entry
A note from Keith Miller at Miller Long Term Rentals
The demand for long term rentals has been very good since August 2009. Our problem is we don’t have many available rental properties under the rental rate of $2,000/month. [typically homes between 1,800 sq. ft to 2,400 sq. ft.] We feel that prospective buyers are NOT taking advantage of the low interest rate and lower sale prices. We feel that prospective buyers who eventually want to move to the area can buy today and rent the property to help offset some of their carrying cost until they are ready to make the move to Hilton Head. Read the rest of this entry
A note from Scott Bunting at Bunting Construction
The number of building permits for new homes on Hilton Head Island has more than doubled from January 1 to July 1, 2010 as compared to the same time frame in 2009. In fact, the dollar value of gross new home permits has increased 65%! Althugh the number of remodeling permits have stayed close to the same, the dollar volume has increased 41%! At only halfway thru 2010, the Town of Hilton Head has surpassed all new home building permits issued in 2009! As all indicators show, new home permits on Hilton Head Island should double the volume of 2009.
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A note from David Crowell at Mortgage Network
Mortgage Network is a good barometer of what is actually happening in local markets. We see more borrowers ( both for purchase and for refinance) than any of the Banks. Here is what we are seeing: Read the rest of this entry
Hilton Head Island most Valuable Attribute
Hilton Head Island’s Beaches have now been ranked as #1 in the US by Fox News. If you would like to visit Hilton Head Island or feel the beach beckoning you to return, give us a call at 800-932-3652 or shoot us an email as we have many special corporate discount packages at the oceanfront resorts and owners that rent direct!
Greetings from Hilton Head Island~
The Hilton Head area is truly an oasis. With its lush sub tropical beauty, the 12 miles of beach, great year-round climate, life is simply better here! As a prospective purchaser that is researching the area, you will find that Hilton Head Island is centrally located and truly offers something for everyone. Read the rest of this entry
Greetings from Hilton Head Island~
If you are considering the sale of your property in the Hilton Head Area, choosing the right broker can make the difference between sitting and selling. As a Hilton Head Realtor for now over 25 years, it is my goal to offer you the best strategies, the best marketing programs and our full time dedication to getting your property sold. Read the rest of this entry
Happy Half Year!
As we are now half way through 2010, I wanted to wish my clients and friends a very happy half year! As we stated at the beginning of 2010, the market is changing. We have seen positive improvements take place and we also can see challenges ahead. There are also several vanishing opportunities worth noting. All in all, the first half was a great improvement over 2009. In fact, my company and I doubled our sales and volume in the first half of 2010 compared to the first half of 2009. We are very happy to be busy with buyers once again. Read the rest of this entry