A note from our mortgage guru: GREEN is the color of money, the harbinger of spring, and the tint of St Patrick’s beer. I am not a drinker, and spring happens without my interference. That leaves money. The happy news is that the money is flowing. The following positive changes have occurred recently.
Recently, we have spotted a real estate trend that is something that we wanted to share with sellers, buyers and agents on Hilton Head Island. Some of our Islanders are selling their homes and renting their homes back from the purchaser or renting other properties. It is now possible that a purchaser can buy the home of their choice for their future needs and rent it until they make a move. They may even rent it to the seller. Who best to live in the home than the seller! Read the rest of this entry
There are two types of Quarter Ownership on Hilton Head Island. With a rotating quarter, an owner gets 6 two-week ownership periods spread throughout the year plus a single week in January. Each year the ownership periods adjust so that over a four-year period, each owner has had access to all 52 weeks. With a fixed quarter, the 13 weeks are back to back depending on which quarter you own (1st, 2nd, 3rd, or 4th). Read the rest of this entry
Here is an idea to help Realtors make a great first impression with their unoccupied listings. Everyone knows that lived in homes are easier to sell than cold empty houses. If you are an owner or an agent that has an empty home that is not selling, here is a chance to make a great first impresion. Showhomes Hilton Head offers staging services to the utmost level – actually providing “Home Manager(s)” to live in the home that help cover expenses and keep it show-ready at all times. In this market you get no second chances. Read the rest of this entry
62 is the Magic Number for a Reverse Mortgage
Almost 10,000 baby boomers per day are are turning age 62 and heading to Hilton Head Island for retirement. You might ask what is so important about turning age 62… well age 62 is the minimum age to qualify for a FHA reverse mortgage and the costs to secure these mortgages is dropping. Although the reverse mortgage has been available for more than 20 years, it is still misunderstood. The most common misconception is that the bank owns the house; that is not true. The bank holds the mortgage, while the homeowner retains title. 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:
Beaufort Office:
100 Ribaut Rd Suite 160
Beaufort, SC 29902
PO Box 458
Beaufort, SC 29901
Phone: (843) 255-2500
Fax: (843) 255-9409
When it comes to buying a Hilton Head Island property, there are many steps to take to be certain you are getting the best property at the best price. Let’s face it, no matter how good the deal is, if momma does not like it, there is no reason to even go there. In the present market, eliminating properties is the way to find the one you like. It’s like weeding a garden, sooner or later you will find the plant you want to keep. In the following steps we will walk you through buying a property on Hilton Head Island. Read the rest of this entry
If you are stepping back from your real estate business on Hilton Head or moving in another direction, we have a proposal we would like to share with you. Your database holds present value that if it is worked correctly, will become a profit center for you. If, however, you let this database sit or turn it over to the wrong agent, it will become worthless. We recently helped an agent close five transactions in her database. It was found money! Read the rest of this entry
Good news, we found lot financing on Hilton Head Island!
If you have been considering buying a great home site in the Hilton Head Area but wanted to finance the purchase, we found a source for lot loans! This financing is available for qualified buyers that want to build in the future as a second home or primary residence(no investment properties). Read the rest of this entry
Baby boomers will make their move to Hilton Head in 2011
It is not until next year that baby boomers will begin retiring in force and this group will have major impact on areas like Hilton Head Island despite the economy. With the “oldest” turning 65 years and the “younger” ones turning 50, these boomers will start begin their pilgrimage in numbers next year. Although we are busy selling real estate on Hilton Head, this is the calm before the storm and we need to prepare ourselves for this deluge. The economy may have slowed some of this group down, but it is impossible to stop them. The key though is to be in front of them. Read the rest of this entry
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