Purchasers and sellers of Hilton Head Property will run across “as-is” in the contract form and may wonder what exactly this means to them. As a buyer or seller, the as-is part of the contract allows information about the home to be put on the table. Paragraph 8 of the Hilton Head Area Association of REALTORS (HHAAOR) contract states that “as-is means the property is being conveyed in the condition in which it is presently found subject to the aforementioned paragraphs”. Looking through the previous paragraphs we find out more information on what ”as-is’ could be for a purchaser and seller.
If you own a home or are considering buying a home in the Hilton Head area, there are several insurance savings ideas worth exploring. While each may be only a small amount, when added together they may provide an owner with some nice savings if available. Homeowners can complete this savings review through the services of their insurance agent. We asked our agent, Robbie Holmquist with Turbeville Insurance Agency to share these ideas. Read the rest of this entry
“Why do I need a CL100 when I buy or sell a home or villa on Hilton Head?” I’m not sure where the name comes from, but a smarter title, which appears on the report itself, “OFFICIAL SOUTH CAROLINA WOOD INFESTATION REPORT”, makes alot more sense. During a sale of structural property in South Carolina involving a lending institution, the CL-100 will usually be a mandatory report at closing. In most conventional cases, the seller is responsible for the CL-100. A thorough, professional inspection is part of every CL100. The report will point out any water-damage issues, however small they may be. It’s important to know that the CL-100 will only report water and fungal damage that is “below the first main floor”.
Here is a possible money saving idea for second home owners on Hilton Head. As an owner of investment rental property, check out a cost segregation study for your home or villa. You may find tax savings by recognizing assets that are typically buried into a building’s construction or acquisition cost. There is really no minimum value a property and given the finishes in many of the homes and villas on Hilton Head, this study may be worth looking into. Visit their website or contact John Miller at (706)672-2760 or email John for more information.
We are proud to announce the opening of Hilton Head Properties located at 12 New Orleans Road and Highway 278 across from the Village of Wexford. Although new to this high volume location, we have over 26 years of representing luxury homes, villas and homesites in the Hilton Head Area including Bluffton and Daufuskie. “It has always been my dream to own a real estate office on Hilton Head Island and with Jane Hyers assisting, we will make it the best”. Read the rest of this entry
We had a client ask us about insurance a few months ago and we suggested she contact our friends Robbie and Brook at Turbeville Insurance Agency in Beaufort. She told us that she not only save over $1,000 on our policy and got better coverage, she also saved hundred on her auto insurance. This kind of savings may benefit our clients, so we are passing it on to you.
Hilton Head Island home and wind insurance
The short video above with Robbie Holmquist offers information about Home Insurance in the Hilton Head Area of South Carolina. Robbie presents a new wind policy that can be combined with a Home Owner policy with the possible benefit of saving on the premium with more coverage. Contact Robbie Holmquist or Brooke Cucinella at (843)524-4500 or emails: firstname.lastname@example.org or email@example.com.
We have our own language when it comes to Hilton Head real estate. We say villas, regimes, harbours, plantations and complexes when others would call them condos, condo fees, marinas, PUD’s and projects. We use the word regime for condos in Hilton Head because when a condo is built in South Carolina, a Horizontal Property Regime is formed and recorded. This regime than manages the common property going forward. This blog is about regimes fees on Hilton Head Island. Read the rest of this entry
The ” off season” brings a more relaxed pace to Hilton Head Island.
This is the perfect season to revisit the Island and gain access to properties that were hard to see during the busy summer. Let us know if you would like to plan a visit and we will help you make the trip a fun little mini-vacation with a look at some of the best properties we have ever offered(with the best interest rates too!). Thank you.
Beaufort County is considering raising the millage for 2nd homes, investments and commercial properties. Their resident neighbors pay far less in tax and the increase could take the second home millage rate up another 2 mills. Currently, the only source Beaufort County has to increase revenues for school operations is to raise the tax millage on commercial and non-resident property owners.
Flood insurance coverage is purchased separately from homeowner’s coverage. The primary flood insurance comes from the National Flood Insurance Program (NFIP) which is underwritten by our Federal Government and administered by FEMA, the Federal Emergency Management Agency. The maximum limits of primary flood coverage available in the Hilton Head Area is $250,000 coverage for a building and $100,000 coverage for its eligible contents(typically no more than $365 per year for maximum coverage). Flood insurance is a low cost way to secure coverage to repair or replace improved and personal property if they are damaged by flooding.
Good News Flood Insurance Extension
The U.S. Senate has passed a 60-day extension of the National Flood Insurance Program, avoiding a lapse in coverage due to expire May 31. While this is temporary good news, the National Association of REALTORS® is firmly committed to working with Congress to pass a 5-year extension of the program.