Hilton Head Real Estate

The Medicare Tax is a 3.8% tax that goes into effect January 1, 2013 and it does not apply to all Hilton Head owners.  Only “high income” owners with Adjusted Gross Incomes(AGI) of more than $200,000 for individuals or more than $250,000 for married couples will have to deal with this new tax. As well, it does not apply to principle residences under $500,000 held jointly or $250,000 for a single.  We suggest checking with your financial counselors to see if it is beneficial to sell before this new tax is put into place.  The reason it is called a Medicare Tax is that this money will be allocated to the Medicare Trust Fund that is part of the Social Security System.

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Condo insurance or an HO6 insurance policy bridges the gap in coverage between a condo association’s master insurance policy and the owner’s property (furnishings, fixture and personal items) and personal liability protection.  If you are acquiring a mortgage in order to purchase a villa on Hilton Head Island, your mortgage lender will most likely require you to purchase this policy. Read the rest of this entry

Thanks to our friends at Hampton Hall for this excellent golf membership comparison below.  If you would like club membership information packages on any of the clubs below, please contact us at robbie@robbiebunting.com or call us toll free at 800-932-3652.   Read the rest of this entry

Mark Twain and Will Rogers shared a sentiment as Twain said, “Buy land, they’re not making it anymore”.  This is especially true on an Island, like Hilton Head.  With over 97% of the Island developed there are timing opportunities that exist right now with vacant land.  In fact, last week one of our home owners on the Island purchased the land adjacent to his home to protect his privacy and for investment.  Land is one of the easiest forms of ownership and the land deals today are very compelling! Read the rest of this entry