In case you missed it, vacant home-sites are selling at some very compelling prices on Hilton Head. I was doing some exploring for a client of mine recently and could not believe the value found in this category of ownership on Hilton Head Island. Lot prices have been beat up and have been pushed down and timing has never been better to buy land in the Hilton Head Area. Do you remember Rick Murray’s article on supply and demand “Spotted Bananas”?
With all the baby boomers coming, someday your $1 lot could double
If you had the chance to read the WSJ article about golf lots selling for $1 in the golf communities around Hilton Head recently, you might just believe that the only reason these lots will sell is great golf. The truth however is that once the music stops there simply will not be enough properties for all those baby boomer that want to live in Hilton Head area someday.
Who buys lots(home-sites) on Hilton Head Island?
The buyers of land(home-sites) may or may not want to live on Hilton Head Island someday, but they all want to get their foot in the door with one of the easiest forms of ownership. After all, lots do not require repair or maintenance other than the occasional bush hog and are purchased for their potential for appreciation. The only costs associated with a lot is the community fee, taxes and any membership that may be required. As well, most lots do not have a time limit on the start of construction and can be “landbanked” for some day.
Buy the lot next door on Hilton Head Island
Land on an Hilton Head is valuable, especially an Island that is 97% developed, in the center of the east-coast that offers subtropical temperatures. With land on sale right now, timing has never been better to buy the lot next door to your property. Even if you just buy it as a buffer, whoever owns the last vacant lot on Hilton Head wins. If it is not listed, shoot us an e-mail and we will find out if the owner is interested in selling and at what price.
Compelling prices for Hilton Head Homesites
We have lots starting as low as a $1 in the Hilton Head Island Areas including Bluffton and on Daufuskie. Some of these lots may be in membership communities that cost about a $1,000 per month, but even after factoring this in and holding the property for the next 10 years, you will still be ahead. We have an amazing array of home-sites that have been reduced in price as a result of growing inventories. This puts both timing and negotiation on a lot buyers side. If this sounds interesting, let us know, as we have house plans, New Home construction from $387,000, creative ideas for the lot next door(even if it is not listed) and even some special programs if you want to buy a lot and sell your home or villa.
Lot Financing on Hilton Head Island
At South Carolina Bank and Trust(SCBT) lot financing is available for qualified buyers that want to build in the future as a second home or primary residence(no investment properties). Feel free to contact Andrew Phillips for more information about the financing at 843-342-1957. If you want to build a 10 year strategy & plan on buying a lot and someday building (or are researching purchase or refinancing) …simply contact my friend David Crowell @ Mortgage Network. His phone is (843)842-4004 and he can custom design a plan for you! Don’t forget to ask about his client for life program!