Investors Are Buying Rentals – Grand Strand Properties – Myrtle Beach,SC

 

 

Cherry Grove, SC – There are places where investors can buy property and cash flow immediately.  The Grand Strand area on the Southern coasts of South Carolina is one of these places.  According to the National Association of Realtors, investors bought 20% of all homes sold in April.  Most of these purchases are cash.

Conventionally, investors would subsidize payments and wait for the big potential payoff through appreciation on a property.  These days, investors are throwing 25% to 30% down and financing the rest and cash flow pretty easily.  Investors look at rental properties on a monthly income generating basis.  They can see instant profit margins, even in today’s volatile housing market.

Investors buying rental properties are a general sign in the market place that a bottom is forming.  There’s a turning point where the cost of home ownership is cheaper than renting.  This environment creates a push from investors in turn, buying investment properties.

Are you Investor material?  Before investing be sure you have thought through some of the following:

  • Do you have what it takes to be a landlord?  Your responsible for upkeep,collecting rents and even evicting tenants if need be.
  • Get a sense of the market place.  Vacancy rates,Rental rates,financing costs including taxes and insurance to name a few.  Get help from a Real Estate Agent to help you analyze the market.
  • Best investments out there might not be what you would personally live in.  Foreclosed properties are an example of some bargained opportunities.  For a list of Foreclosed properties in the Grand Strand area Visit Here!
  • Think like a tenant
  • Have a five year plan

Most people invest close to home.  Do Not limit yourself.  With experts literally at your fingertips, seek opportunities where they present themselves.  Many baby-boomers are finding their ways to our coasts here on the Grand Strand.  From the Oceanfront Condos, Beach Cottages or even Channel Homes in Cherry Grove, opportunity is everywhere.  There are many types of properties out there to invest in, be sure to not to limit your opportunities because you might not understand certain aspects. Click HERE to get in touch with an investment specialist in Grand Strand Property today!

 

 

 

 

Grand Strand Seeing Memorial Growth This Year

Myrtle Beach,SC –   Coastal Carolina’s Center for Tourism expects an increase in occupancy when compared to last year.  That increase is expected to be between three and five percent.  This numbers might not be astonishing but the Grand Strand has nearly 110,000 rooms to rent meaning thousands of additional visitors.  The Myrtle Beach Chamber of Commerce has taken a few steps to influence these numbers including the tourism tax.  It goes to show in this current economy that a little can go a long way.

Are you staying on the Grand Strand this Memorial weekend?  If so, here are some events taking place here in the Myrtle Beach area

  • Memorial Day Weekend Parade  ( Ocean Blvd from 27th ave N to 9th ave N) Parade runs from 10 a.m. to Noon

Can’t make the parade in person? You’re in luck! This year’s parade can be watched online.  Catch it HERE!

  • 60th annual Sun Fun Festival Kick Off
  • American Idol Season 7 runner-up David Archuleta will perform at 8 p.m.
  • Plus Military appreciation activities, vendors, displays and much more!

Have you noticed something new here on the Grand Strand since your last visit here?  We continue to grow in all areas of our beaches. From Cherry Grove to Georgetown.  We’re continuing are building improvements, road infrastructure, attractions, Grand Strand Properties and so much more to improve your Myrtle Beach Vacation!

Want that Coastal Lifestyle?  Now is the time!   Take advantage of this buyers market.  Owning a piece of the Grand Strand has never been so affordable.  View Grand Strand Properties HERE and see for yourself!

Blue Crab Festival – Little River, South Carolina

Celebrating 30 Years!!

One of the greatest events that take place here on the Grand Strand is finally here!  Starting Saturday, May 14th thru Sunday the 15th.   The Blue Crab Festival is celebrating its 30 years so don’t miss out on this awesome street festival in Little River, South Carolina.  What you can expect from this years festival:

  • Friday Night Street Party (6 p.m. – 10 p.m.)   New for 2011
  • Fireworks  (9 p.m.)
  • Live music provided by Tommy Black Band
  • Food
  • Arts & Crafts
  • And Much, Much More!!

Ticket Info

General Admission $4.00  (Children under 6 are FREE)

Buy Tickets Online Here

Hours

Saturday – 9 a.m. to 8 p.m.      Sunday – 9 a.m. to 6 p.m.

For a list of locations offering tickets at a discount, please visit HERE

Living the coastal lifestyle has never been so affordable.  This current buyers market is presenting opportunities everywhere on the Grand Strand. If your interested in taking that step to make the beach your home or even a second home, Now is the time!   Grand Strand Real Estate at your fingertips are just a  click away!  Visit us HERE today and start living that Coastal Lifestyle you deserve.

Mayfest on Main – North Myrtle Beach

Free Concert Series

May is just around the corner and that brings us to Mayfest here on the Grand Strand!  To kick it all off we have the FREE Music Concert Series starting May 5th in North Myrtle Beach on Main Street. Wanna get out of that Oceanfront Condo and mix it up with the locals? This is your chance to get out there and experience some good fun and enjoy the beach lifestyle at its fullest!

This years concert series can be enjoyed every FIRST THURSDAY of every month thru the month of September. These events run from 6:30 – 8:30 p.m.

Here is The Music on Main concert schedule

  • May 5th – Project 7ven
  • May 6th – The Mighty Tams
  • June 2nd Caribbean Chillers Jimmy Buffet Tribute Band
  • July 7th Super Glide
  • August 4th Jim Quick & Coastline Blues/Beach Music
  • September 1st Too Much Sylvia

In addition to the free Concert Series, Sounds of Summer Returns to McLean Park which will be held each THIRD FRIDAY of each month.

Sounds of Summer Schedule

  • May 20th Will Jackson Band – Classic Rock
  • June 17th Back Beat Beatles
  • July 15th Atlantic Grove Beach Music
  • August 19th Andrew Thielen Big Band
  • September 1st Fantastic Shakers Beach Music

Visit McLean Park for more info

Interested in Real Estate here on the Grand Strand?  Make the beach your home destination or 2nd home. With this buyers market at hand, be sure to take advantage of whats available. Either it be North Myrtle Beach Real Estate, Cherry Grove Real Estate or other Grand Strand Properties. Enjoy events like the Sounds of Summer and Mayfest year-long here on the  Grand Strand!

Visit HERE today and make your dream a reality!




Sales Numbers Looking Better! – Myrtle Beach

10% Jump in September Existing Home Sales

Buyers Market


The Completed transactions are from the following property categories:
  • Single – Family
  • Townhouses
  • Condos
  • Co-ops

According to Freddie Mae, conventional fixed rates are at record lows this month 4.35%

Last September these rates were at a 4.43% fixed rate. For more rate info Click Here
The national median home price for all housing types was around $171,700 in September, which is 2.4% below a year ago. Distressed properties were 35% of sales in Sept compared with 34% in Aug, they were 29% in Sept 2009.
Food for thought. Do you know that from recently purchased homes the median monthly mortgage payment is several hundred dollars less than it was four-five years ago? In fact, the median monthly mortgage payment in most areas is cheaper than rent!
This market is a great buyers market. Especially for those who are looking for long-term holdings. With fixed rates at where they are today,long term position’s will benefit from savings year in,year out. This is a prime example of the power of home ownership, build wealth over time AND own the American Dream.
Existing-home sales by region: 

Northeast – increased 10.1% to an annual pace of 760k in Sept but are 20.8% below Sept 2009.  The median price in Northeast was around $239,200, which is 1.4% below where it was a year ago.

Midwest –  jumped 14.5% in Sept to a level of 950k but are 26.4% below a year ago.  The median price in the Midwest was $137,900, down 5.2% from Sept 2009
 
South –  sales rose 10.6% to a pace of 1.77 million in Sept but are 14.9% lower than Sept 2009.  The median price in the South was $149,500 down 2.6% from a year ago
. 
West – increased 5% to a level of 1.05 million in Sept but are 16.7% below a yr ago. The median price for that region was $213,600 which is 4.9% lower than Sept 2009.

.
In Summary


  • Record low fixed rates
  • Ownership is cheaper than renting
  • Buyers market
  • Numbers are positive in all regions nationally
.

Myrtle Beach Restaurants – Taste of The Town 2010

When:  Tuesday October 12th, 2010 4pm – 10pm

Where:  Myrtle Beach Convention Center

Price:  $5.00 Advanced tickets. $6.00 at the door. Ages 14 and under free with adult
Get your Advanced tickets at any local HTC Locations





Presented by St Andrews Catholic School
Come hungry and experience what the Grand Strand has to offer! Over 50 Myrtle Beach Restaurants will be there along with 10,000 community supporters ( Last years attendance toppled 10,000) Live entertainment and fun will be had by everyone. All proceeds of the event go towards capital improvements for the school. So come out, have some fun and support a great cause.







Helpful Links:

Event Website http://www.tasteofthetownmb.com/
HTC http://www.htcinc.net/
Myrtle Beach Convention Center http://www.mb-cc.com/

North Myrtle Beach Real Estate & Relocation

Cherry Grove Pier, North Myrtle Beach, SC

North Myrtle Beach has sparkling beaches and scenery that will take your breath away.  The communities and people of North Myrtle Beach are open and kind.  Behind all the tourists who visit North Myrtle Beach each year, is a thriving city with welcoming arms.
As a new resident of North Myrtle Beach, you’ll enjoy the company of your neighbors and others who also work and live here. With all the hustle and bustle along the strand with all its activities at short hand, North Myrtle Beach offers a relaxed lifestyle easy to fall in love with. North Myrtle Beach is a great place to relocate your family.  Perfect place for long walks along the beach, soak up some sun and scenery through the year.

Create those lifelong memories right here, in North Myrtle Beach. One of the biggest benefits of living in this city is credited to the low cost of living.  According to the ACCRA composite index, North Myrtle Beach area is a 96.7 with the national average of 100. There are just of 20,000  dwellings in North Myrtle Beach, and this number is expected to increase about 15% within the next five years.

Median cost for North Myrtle Beach Real Estate is around $192,000, with the median  monthly electric bill around $115. The average rent for a two bedroom apartment is at an affordable $575. Median age for the residents is at 48 years, with 25% of them being college grads. The median household income is around $46k a year.

Below I have provided some city references for your convenience:

North Myrtle Beach City Hall
1015 2nd Ave S.
North Myrtle Beach, SC
(843)280-5585

Horry County Library (North Myrtle Beach Branch)
799 2nd Ave N.
North Myrtle Beach, SC
(843)249-4164

North Myrtle Beach Post Office
621 6th Ave S.
North Myrtle Beach, SC
(843)272-5864

When moving to South Carolina you need to adhere to the States Licensing Procedures
Please call the South Carolina Highway and Public Transportation Department at 1-800-442-1368

**For further information on the North Myrtle Beach area, please click on the contact us tab and I will help provide you with:   a request relocation guide; residential real estate sales; commercial real estate sales; long term rentals; banks and attorneys; utilities; demographics and market info; about North Myrtle Beach; churches and schools.
I hope this information helps your decision to relocate to the North Myrtle Beach area! Any questions you have please do not hesitate to contact us.