Hilton Head Real Estate

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?

1. 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.
2. If you want to sell and move up, a low interest rate will help you get more home for the monthly payment you pay. 
3. 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 robbie@robbiebunting.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.

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!

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

The gulf stream is 70 miles from Hilton Head Island. 
Located off the coast of Hilton Head Island, the gulf stream has pushed storms past our coast line, kept our temperatures warmer in the winter and cooler in the summer and will hopefully push the oil away from our shorelines.  This “river” or current in the Atlantic Ocean is the super highway. Read the rest of this entry

The Good Ole Days

While we have been selling up a storm on Hilton Head Island, there are still some sellers and agents that seem to be waiting for the good ole days.  Those good ole days gave sellers lots of showings and offers to consider in the sale of their property.  For listing agents the good ole days meant they could sit back and wait for a buyer or another agent to bring them offers on one of their many listings regardless of price, condition and even location.  For the buyer agents, the good ole days meant they did not have to shop or sort through thousands of listings to find the perfect one, all they had to do is show the one or two that were available and ask the buyer to decide on one or the other.  For the buyers, the good ole days meant you had to decide quickly or you might lose the better property in negotitaion or by another offer.  The good ole days were simple, but they are gone and we as agents, sellers and buyers need to move on. Read the rest of this entry

Hilton Head Sellers and Buyers must be aware of the “Principle of Substitution”

Sellers and buyers on Hilton Head need to be aware of the “Principle of Substitution” as it can either kick them in the butt or help them negotitate an incredible deal.  This simple principle states that when several similar properties are available, the one with the lowest price will get the greatest demand. This principle also assumes there is not much time between the comparison of the properties.  In other words, the lowest priced property will always sell first when it comes up on the market. Read the rest of this entry