The Heritage is Tradition
As an Islander the Heritage is about an Island, it’s a celebration of spring, it is azaleas blooming, suntans, happy people and living in the Low Country. It has become bigger than a great PGA golf tournament at the Harbour Town Golf Links. The tournament has given everyone of us something to be proud of, something to be grateful for, something to share and celebrate and it belongs here on Hilton Head Island. Read the rest of this entry
Looking back to 2009 buyers were scarce and very demanding. Only great properties with great locations and great prices sold in 2009. If a property did not have all three of these characteristics the property sat on the market. In 2010, a few more buyers showed up(11% more than in 2009) and these buyers had less demands than the 2009 buyers, however they still demanded great pricing. In 2011 while proper pricing is still a requirement, we are seeing something we have not seen in a very long time, multiple bids on properties. Most buyers have been sitting on the sidelines waiting for the economy to move for the last few years and are ready to make a move. The good news is that although many are still looking for a deal, they are once again shopping for lifestlye. Read the rest of this entry
Do you have a second home on Hilton Head that you do not rent?
In January many second homeowners received a personal property tax bill from Beaufort County. If your home continues to be a second home and is not on the rental market, you may have been charged in error. Please look back to see if you received a personal property tax bill in the last month from Beaufort County, and contact them if this was an error. If you have paid the bill, you will be reimbursed.
Do you have a rental home on Hilton Head?
If your home is on the rental market, you are to be charged a personal property tax, however it should be based on the value of the furniture. Because of a new internal system in the County, a Rental Residential Return questionnaire did not get sent to all six-percent residential property owners prior to the tax bill, and a formula based on the building value of your home was used. The amount charged, may not have truly reflected the value of your furnishings.
You may contact the Beaufort County Auditors office with your questions and inquires at:
100 Ribaut Rd Suite 160
Beaufort, SC 29902
PO Box 458
Beaufort, SC 29901
Phone: (843) 255-2500
Fax: (843) 255-9409
The other day I started thinking about the timing in which things happen in real estate. This was after we entered into a few bidding wars with other buyers on Hilton Head property. In thinking about it, there is a perfect order for real estate sellers, real estate buyers and real estate agents that goes something like this. Read the rest of this entry
The construction industry on Hilton Head is looking up for 2011, especially in the second home market. The Wall Street journal stated that the second home market is on the rise and mentioned that Hilton Head Island is no exception. Read the rest of this entry
We have put together a list of vacation rentals on Hilton Head Island that are easy for our friends, clients and associates to share with friends and family. We invite you to add your property to this list or to find out more about these great vacations by clicking on the underlined property to find out more…Have Fun! Read the rest of this entry
2010 was a good year for long term rentals with increased demand. This was due in part as a result of the economy with people not qualifying for home mortgages and people losing homes to short sales or foreclosure. Another factor that helped with the demand for rentals were people who owned a home and sold their home, lost their equity due to the devaluing of the property and no longer have the funds to purchase another home. Read the rest of this entry
This week we have trends from experts in the Hilton Head real estate market including a local lender, a local appraiser, a long term rental agent and a vacation rental agent. We asked these trusted advisors to tell us what they forecast in the year ahead in their respective fields and how this may effect real estate on the Island. Feel free to contact these professionals directly with their contact information listed below. Happy Hilton Head!
A note from David Crowell at Mortgage Network
The best news about 2011 is that for once lenders will not be the big story. We will continue to have historic low rates hopping continuously between 4.5 to 5.25 percent for fixed rate mortgages. We have plenty of money to lend and the desire to lend is back full force. We are finding we are able to satisfy most purchasers with conventional and jumbo financing Read the rest of this entry
A note from Todd Brooks at Island Getaway
The upcoming rental season is showing very positive signs, as advance bookings are up over 20% versus this time last year. We saw nice stabilization of the market in 2010 and less deviation from the published rates. People always have, and always will want some type of “deal”; but as the rental market strengthens, the pendulum begins to swing in our direction. I believe we saw the bottom of the market in 2009. A good barometer for the overall market is Internet reservations. Our online bookings are up substantially for the upcoming season, which is a positive indication. This shows willingness for consumers to spend money in advance and at the published rates, which we have not seen in volume since the pre-recession years. Read the rest of this entry