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Buying a condo in Myrtle Beach is it a good investment 2017

Another week, another great blog topic coming your way! A question we get asked a lot here at Jerry Pinkas Realty is: are condo owners making enough money from their investment to pay for their investment when they buy a condo in Myrtle Beach, SC? And while that is a bit of a tricky question, we are going to do our best to answer it for you today. Our answer to the question can be ‘yes’ AND ‘no,’ as it really depends on a few main factors that we are going to be touching on later in the post. It also benefits you to work with a team that can help direct you to a potential good investment, as well as steer you away from a potential money pit.

Beachfront Condos in Myrtle Beach

Factors such as where you buy (more specifically, which town), the location of the property to the beach, the area of the beach itself and also the property itself can help decide if the property can pay for itself over time through rental income. Other items such as what amenities the renters have access to and also figuring out if people come back year after year, or do they just come one time and leave and go look for their next place next year can play a large role. And while there is no guarantee that a condo or vacation home will be able to pay for itself strictly through rental income, these are all great things to take into consideration that will help your chances of the property being a win for you and your family.

We hope this blog brings you a little clarity on the topic and aids you in making the right decision when it comes to the most bang for your rental buck!  

How do I know if the condo or vacation house in Myrtle Beach, SC is a good investment?

There are various factors to take into consideration when figuring out if the condo or vacation home is a good investment. As we touched on above, things such as location, what section of the beach the property is located on and the actual condo development are important factors to look at. Also, you will want to look into how much money historically the property has brought in year-over-year and see if there is a trend. Do people come back and rebook their vacation years in advance? If so, these are the best places to take a serious look at and will more than likely not only pay for themselves, but potentially bring you a profit. If people tend to only rent once then move on to another rental, you may want to rethink if the property is a good investment for you.

What should I look for when purchasing a condo or vacation house in Myrtle Beach, SC to give me the most rental income each month?

There are a few things to look for in a potential condo or vacation house in Myrtle Beach, SC that is likely to bring you the most rental income each month. Now, you may be asking yourself how can you possibly distinguish which properties are going to bring you the most money on a monthly basis. And while there are no guarantees on what property will bring you what income, there are a few areas to keep a close eye on that will be helpful deciding factors in this decision.

Earning Rental Income with a Myrtle Beach Condo

The first topic we want to touch on are the amenities that the condo or vacation house offers, as they have the potential to carry some significance when it comes to the rental price you set. We definitely recommend looking at properties that have the most amenities as those properties typically bring in above average rental income. Areas such as gyms, community pools, tennis courts, parks and club houses are always a large selling point when it comes to renters being interested in your property. You are also able to justify a higher rental price due to the added features of the property and the range of activities that are closely available to the renters. 

But there is a lot more to look at than just amenities. Things such as location and the property itself can be large contributing factors as well. Is the property near a Starbucks and other local restaurants, entertainment and attractions? If so, the part of town is probably very appealing to renters as they do not have to travel far to meet their needs and wants. Think how much of a selling point it is to be able to wake up and walk (or only have a short drive) to a popular breakfast spot or even the Myrtle Beach Boardwalk, which is a very popular and beloved destination for visitor’s year round. You want to look at what the property is close to, and also what it is not close to, as that can have an impact on not only the desirability of the unit, but also how much you can justifiably charge each month.   

Factors to consider when purchasing a Myrtle Beach condo for investment

What should I avoid when purchasing a condo or vacation house in Myrtle Beach, SC?

One thing that most people THINK they should stay away from when looking at potential condos and rental homes in the Myrtle Beach, SC area is an HOA (Homeowners Association) fee. And while you always need to do research and be well versed in what exactly the fee covers, most HOA fees are actually helpful especially if you are going to be renting the property out.  The HOA fee has the potential to cover things such as insurance on the building, internet, cable and maintenance. Specifically, if the unit will be used for rental purposes, and seeing as how you will not spend too much time there, it will be comforting to have the peace of mind that the building is being well maintained in your absence.

With that said, you want to make sure that the building management is using the money towards things that are going to improve the building and are staying on top of things. You want to be sure to avoid any management that is lackadaisical and has a bad reputation. You also want to make sure that you are not only looking at properties that appeal to your personal taste, as you won’t be spending much time in the unit if it is consistency being rented, but instead look at other features that will bring in ideal rental income. We are not saying that it is not important that you like the property, but it it important to keep in mind that you will not be living there and you will not have to spending your everyday in the unit/home. You should focus more on aspects that will be appealing to renters to ensure the property has money coming in month after month.  

Are 1 bdrm, 2 bdrm or 3 bdrm condos the best investment in Myrtle Beach

What should I do if I am interested in purchasing a condo or vacation house in Myrtle Beach, SC?

We know the process of purchasing a condo or vacation house in the Myrtle Beach, SC area can seem a little daunting and overwhelming for some people. What neighborhood to look for that fits your budget, but is also close to the beach and entertainment, is something that may be a little out of your wheel house, especially if you are not familiar with the area. Luckily, that is where we come in. Let our experienced team here at Jerry Pinkas Realty have the opportunity to listen to your needs and wants in a property and help you find the perfect condo or vacation home today. This is something our team deals with everyday, and we know which features have the highest potential to give you the best return on your money, as well as which areas to stay away from. We know you have questions and we are here to help. This is what we do day in and day out, and we are extremely good at it – give us a call today!

 

You have questions, we have answers. Give us a call at 843-839-9870

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Homes for Sale in Avalon in Carolina Forest

Welcome to your guide to the homes for sale in Carolina Forest's Avalon neighborhood. A self-contained community, Carolina Forest is a unique neighborhood with a well-planned infrastructure including businesses, doctor's offices, schools, restaurants, and the full offerings of any other community.  Due to the careful planning, Carolina Forest has managed to create preservations areas for the local wildlife as well:  You can see deer, bobcat, turkeys, and even Venus flytraps!  While preserving nature, this community has created opportunities for the local humans to be wild as well.   For starters, there is an 11-acre community center, equipped with a playground, swimming pool, basketball courts, sports fields, and more.  Then, for the golf enthusiast, Carolina Forest offers a trio of golf courses, including Man O’ War Golf Club, The Wizard and The Witch – all three with gorgeous landscaping and a plethora of challenges for players.  Just 5 minutes from downtown Myrtle Beach, Avalon offers a serene lifestyle while remaining convenient to the bright lights of big-city living.

 

Homes For Sale

Now the fastest-growing portion of the Myrtle Beach housing market, Carolina Forest was once just a piece of rural Horry County.  This tract was known as the Buist Tract, and consisted of 30,000 acres of dense foliage and longleaf pines.  In 1937, International Paper purchased this property for business purposes.  Throughout the years the property has had various uses, from being a gunnery and bombing range during World War II, to being the Coastal Carolina Campus of the University of South Carolina after International Paper donated part of the land for its development.

In 1997, Horry County approved development of the area as a community and voted to freeze zoning rules for almost 7,000 acres of land that would accommodate around 35,000 residents.  As the development of the area took off, Carolina Forest build three schools for its residents, Carolina Forest Elementary School (1996) and Carolina Forest middle and high schools, which share a campus. 

By the beginning of the millenium, Carolina Forest was home to almost 3,400 residents.  But the biggest growth happened between 2000 and 2010, when the community experienced a 500 percent growth rate.  Eventually, Carolina Forest is set to contain around 20,000 homes for over 50,000 residents.  Due to its exponential growth, the community has now added another elementary school and also a middle school.  Carolina Forest also has its own newspaper, the Carolina Forest Chronicle, and even a civic association.

Avalon in Myrtle Beach SC

Now with 21 subdivisions, known as plantations, Carolina Forest contains a variety of homes from single-family dwellings to apartments and condos.  Each plantation specifies its own restrictions, and Avalon contains only single-family homes.  Filled with lush landscaping along with fountains and man-made ponds, it is easy to see why families love living in Avalon.   The community schools are just a short walk or drive away, and there are plenty of family activities that are easily accessible. Nearby, you will find the Palace Theatre and the Alabama Theatre, as well as The Apache Pier - a popular fishing spot.

Homes in Avalon feature 3 to 5 bedrooms, and prices range from the low $100,000's all the way up to $300,000. Many of Avalon's homes come complete with garages and fireplaces, and a few of the homes also have views of the lake or the conservation area. The affordability of these homes, along with location and amenities, makes Avalon the perfect investment for a growing family. 

Avalon Carolina Forest SC

Avalon of Carolina Forest  real estate has a lot to offer your family.  We invite you to peruse all of the homes for sale in Avalon Carolina Forest on our website. But, if this neighborhood isn't your style, there are many other homes in the community for you to peruse. We can show you ANY listing in Myrtle Beach and North Myrtle Beach Condos, so feel free to give us a call when you find a home that excites you.

Myrtle Beach Carolina Forest Living

Making the move to Avalon, or any other Carolina Forest neighborhood, gives you easy access to Myrtle Beach's amenities.  Enjoy an afternoon on the pristine beaches, sunning and funning with your family.  Or, take a girls' day and shop in the area's best outlet center at Tanger Outlets.  If outdoor sports are your idea of relaxation, Myrtle Beach offers some of the best golf courses in the nation.  There are more than 100 to choose from, so bring your best swing and challenge yourself to a round of championship golf.  After a day out, spend the evening watching the sunset over the ocean, or indulge in one of the fine dining establishments.  Don't forget, there are also plenty of live entertainment venues including Broadway at the Beach, The Carolina Opry, Comedy Shows, and you can even take a trip back in time at Medieval Times.  But Myrtle Beach isn't all about tourism, there are numerous local festivals complete with parades and special events for the locals to enjoy.  Best of all, because of its temperate climate, you can appreciate this bustling city year round.  It's like taking a permanent vacation!

 

Let Our Experts Be Your Guide

At Jerry Pinkas Real Estate Experts, we know that moving can be one of the most stressful times in your life.  Let us lighten the burden by being your Carolina Forest Realtor.  Our agents offer extensive knowledge of this incredible neighborhood, as well as the entire Myrtle Beach area.  Plus, our easy-to-use search engines offer full access to all of the area listings via our website, making your home search a cinch.  We can show you any of the homes in Avalon, or any of Carolina Forest's neighborhoods.  The Myrtle Beach area offers everything from vacation condos to luxury homes, and we look forward to helping you make your home in the area by putting our expertise to use.  We love living on the coast, and we know you will tumble head over heels too! Welcome to Avalon at Carolina Forest, a little piece of paradise!

 

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Myrtle Beach SC Condos for Sale

Are you searching for paradise? There is something magical about walking out the door of your condo and stepping onto the sandy beach. I love walking in the quiet mornings with my coffee, looking at the colorful oceanfront condos in Myrtle Beach. Most beach front condos located on the east coast of the United States are in crowded areas or located in colder climates. That’s not the case with Myrtle Beach oceanfront condos. Our beaches are wide and clean. You can relax with the sounds of the ocean and the gentle breezes of the Grand Strand. Here you can live the way you always dreamed of in a beautiful condo on the beach. A place where you can take a quiet stroll, enjoy the picturesque ocean views, see dolphins swimming in the sea and enjoy the sun drenched days

Myrtle Beach SC Condos For Sale

Popular Myrtle Beach Condos for Sale

You may find that a condo on the beach may also have some rental opportunities, which can help offset some of the costs of your investment.  The priceless part is when it comes time for your own vacation; you have you have a place at the beach to go to. There's never been a better time than right now to buy your own condo at the beach. Take your time and browse through each condo complex or call us for ideas and advice.

You can stop your search. You will find an assortment below of the finest ocean front condominiums in Myrtle Beach that are for sale.

 

About Myrtle Beach SC Beachfront Condos

Beachfront condos can make excellent vacation rentals or second homes. Because of the Grand Strand’s unique location, many new condos continue to be built, along several premier properties that can provide fantastic rental income history. Many buyers have found that an oceanfront condo can make a great investment.

Myrtle Beach Condos for Sale on The Beach

The buildings located along the oceanfront will feature 1, 2, 3, 4, 5 bedroom condos as well as luxury penthouse condos. Direct oceanfront units usually come at a premium, but there may be ocean view condos located along the sides of the same buildings. These may include the condos that are in buildings on the 2nd row from the beach with unobstructed views of the ocean. Many times these ocean view condos can be fantastic deals.


Ocean View Condos For Sale Myrtle Beach SC


Forget about the crowded beaches on the southern end of the beach. Several of our towns such as Garden City, Surfside Beach and Murrells Inlet, you will find oceanfront condos for sale that are low density. This means future condo development will be very limited. Because of the limited amount of oceanfront property and the attraction to live and vacation on the beach, many experts predict continued demand for these types of properties in the future. The same can be said about the quieter section of North Myrtle Beach Condos

Myrtle Beach Condos


Do you dream of a place to live that has everything you need? You can find it here in Myrtle Beach, South Carolina. With all the opportunities that  Myrtle Beach real estate offers, you will find some of the most beautiful condos for sale along the South Carolina Coast line. Myrtle Beach is full of culture, adventure and tranquility.  Whether you spend the day relaxing by the pool, stretched out on a lounge chair at the beach, playing a round of golf, or spending the day shopping with friends, the beach life style is thrilling and never dull.  One thing is for sure, on a clear evening the natural beauty of the beach is simply amazing with the music of the ocean and view of the moon over the sea.


Condos for Sale in Myrtle Beach


The Definitive Guide to Oceanfront Condos for Sale in Myrtle Beach SC


Myrtle Beach condos for sale: Beside the incredible view of the Atlantic Ocean you’ll enjoy the ultimate family friendly environment with attractions for the entire family. Myrtle Beach is known as one of the top 5 family beach vacation destinations in the world and is the lowest priced resort market along the East Coast. At the moment, Myrtle Beach SC offers an unusual window of opportunity for individual buyers and investors. Interest rates are low; prices are down by 35% or more. U.S. baby boomers on the edge of retirement and looking for relaxation—not the hustle Florida and other overbuilt markets. The demographics favor relocation to our area through 2020.


Myrtle Beach Oceanfront Condos For Sale


With over 100 championship golf courses and condos located on the golf course or close to the golf course, you could definably increase your play time. A warm climate in the winter and comfortable ocean breezes in the summer is the reason many investors know that this area has the longest rental season when compared to any other resort market along the eastern seaboard.


Myrtle Beach Lifestyle


Apart from the financial benefits, oceanfront property offers several proven health benefits as well, such as stress reduction, recreational opportunities that allow many outdoor activities and promote fitness, lower pollution levels and skin benefits from saltwater.


 Myrtle Beach Golf Condos for Sale


Myrtle Beach Waterfront Condos


Myrtle Beach Waterfront Condos For Sale

 

Make your dream a reality. Live your life with your toes in the sand with a beach condo. It is all right here and it is waiting for you in Myrtle Beach, South Carolina. Welcome to paradise!  

 

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Myrtle Beach Real Estate Update

by The Jerry Pinkas Team

The Myrtle Beach Real Estate Market is booming! According to Jerry Pinkas, local CEO and head broker of Jerry Pinkas Real Estate, "The good deals are going very fast.  They're not necessarily on the market that long."  In fact, there has been a 19.6 percent increase on home prices since last year.  If you find yourself being lured to the beach lifestyle, take a look at today's video for more information about the Myrtle Beach housing market.  We would love to help you find the beach home that suits your family, so act fast and call us today while the deals are steals!

 

 

Jerry  Pinkas Myrtle Beach Real Estate Team - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. If you are looking for Myrtle Beach Real Estate for Sale, whether a condo, land, or pre-built home, we can help.  You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. We Guarantee Results!  Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call (843) 839-9870; Put our team to work for you today.

Myrtle Beach Car Show 2018

by The Jerry Pinkas Team

Myrtle Beach Car Show 

Run To The Sun Car Show

March 15, 16 & 17, 2018

30th Anniversary

The City of Myrtle Beach
Show Location is the old Myrtle Square Mall
2501 Kings Highway • Myrtle Beach, SC 29577

Come join us for one of the biggest car show events on the East Coast!! That’s Right It’s that time again to experience the 30th Annual Run to the Sun Car Show extravaganza!! This three day event starts on Thursday, March 15th and ends on Saturday, March 17 th. Come see over 3,000 classic cars old and new, meet fellow car admirers, experience great music and food. All money raised for this event goes to the Children’s Miracle Network and the National Multiple Sclerosis Society. Looking for Real Estate during the event come visit us! We are located one block away from the car show. 

Goodguys Awards • Sponsor Picks • NSRA Picks
Grand Prize Giveaways Starting At 1pm Thursday, Friday & Saturday
Over $10,000.00 To Be Given Away In Cash Prizes & Door Prizes
Pre 89 Cars & Trucks Only • Show & Shine • No Rain Date

Brought to you by

JP Real Estate Experts

604 N. 27th Ave

Myrtle Beach, SC 29577

P: (843) 839-9870

Myrtle Beach Car Show

Advice about moving to Myrtle Beach

by Jerry Pinkas

 

Living in Myrtle Beach pros and cons

So you are wanting to move to sunny Myrtle Beach, SC – we sure don’t blame you! The amazing weather, glistening beaches, gorgeous real estate and entertainment for all ages are just a few reasons why the area may have caught your eye. And with so many people wanting to call Myrtle Beach, SC their new home, we see many relevant, overlapping questions from clients each day. Which is why we are so excited to be bringing you this blog each week as we hope you gain some insight and answers to questions that may be on your mind, or give you additional information that you didn’t realize you were missing.

A few questions we get asked quite frequently here at Jerry Pinkas Reality are around the topic of buying and moving to the Myrtle Beach, SC area. We get asked all the time from different people what areas are the safest, what neighborhoods are the most family friendly and what is the best value for their money. Many people are a little frazzled when they think of starting their home search and everything that comes along with buying a home and moving. We get it, but have a few tips and tricks to help ease some of those nerves.

Our first piece of advice when it comes to starting your search is to take things seriously. Maybe you have been on the internet, you’ve seen different listings or maybe you are getting listing alerts from us. And these are all great steps, but the most important step and advice we can give you is to link up with a professional who knows the ins and outs of Myrtle Beach, SC. There really is no good substitute for having an experienced real estate agent by your side, offering advice and ensuring you are taking the right steps to find your dream home. And, as you may have guessed, that is exactly what we are going to be covering in today’s post.

Best places to live around Myrtle Beach

I am interested in moving to Myrtle Beach, SC - where should I start my search for information?

We cannot stress how important it is to link up with a reputable realtor who not only knows the Myrtle Beach, SC area, but who has a proven track record to successfully help people find their dream home. There are so many wonderful areas and neighborhoods within Myrtle Beach, SC that offer residents an enviable lifestyle, and finding the right one for you can be easier than you think. There are so many people who talk about wanting to move to Myrtle Beach for the beautiful beaches, temperate weather and endless entertainment. But it is one thing to want to move, and another to put the plan in motion.

So when starting your search for information, it is important to get serious about the move first, then to find the best realtor that will make the search and process as simple as possible for you and your family. Our team here at Jerry Pinkas Realty have helped many people narrow down their search of their perfect area within Myrtle Beach, SC, to the perfect neighborhood and eventually their ideal house. Many people think that just because you sign up for listing alerts and can search popular websites that they have adequately equipped themselves with the right tools to find their dream home. And while it does not hurt to do all those things, having an agent from our team who knows the area and has experience with Myrtle Beach and the grand strand real estate is the best way to ensure a smooth home buying process.

Myrtle Beach living reviews

Is the internet a reliable source for information when starting my search?

In today’s day and age, almost anything and everything you can image can be found online. You can buy your wardrobe online, you can search for cars online, heck you can even buy your groceries online and have them delivered same day! So the obvious place for most people when starting their house search in Myrtle Beach, SC is to go online. And while there is a lot of information available to you on the internet, the cold hard truth is some of the information is not reliable and can even be a little misleading. The internet is a great tool for some things, but you must talk with an expert that is on the ground in the area and who knows Myrtle Beach, SC and the grand strand inside and out.

Now we are not saying that all the information you find on the world wide web is inaccurate. We are simply trying to hit home on the fact that your best bet to find the most accurate and reliable information for your specific home and neighborhood criteria is to sit down with an experienced agent. Our experienced team here at Jerry Pinkas Reality will go through all the information with you and break down the things that you want to be doing, as well as things you are wanting to avoid. We want you to be in a situation where you understand everything, see your options and allow us to help you execute on the plan that best fits your specific home buying needs. The internet can be a good place to get a bird’s eye view of Myrtle Beach, SC, but when it comes down to putting things in motion, you want the pros working for you.

Best time to move to Myrtle Beach SC

When is the best time to make the move to Myrtle Beach, SC?

Another question we get asked quite frequently (and one that we addressed in length in another post) is when the best to move to Myrtle Beach, SC is. Some people think its right after the busy summer season because prices are more likely to drop, while others think that the spring is the best time because it is right before prices are likely to go up. And while there is good logic in both, the best time to move to beautiful Myrtle Beach, SC is now!

It is no secret that Myrtle Beach, SC offers its residents a lifestyle that is second to none. That, paired with an affordable cost of living and a prime retirement destination, people are flocking here on a daily basis to take advantage of all that the area has to offer. With that said, if you are wanting/thinking of moving to Myrtle Beach, SC the time to do it is sooner than later. The prices are not likely to be going down any time soon, and with the influx of people, you are risking the chance of prices going up year after year. Also, the properties that are in demand will always be in demand, and therefore the prices of those homes are not likely to fluctuate much based on the time of year.

 Is it hard to find a job in Myrtle Beach

What should I do if I am interested in moving to Myrtle Beach, SC?

As you can gather from the theme of this post, it is so important that you work with an experienced team when starting your search for the perfect Myrtle Beach, SC home. And that is where we come in. Give us a call today and let our team help guide you through this process and help you avoid pitfalls that are costly. We know it can seem a little daunting, and there are a lot of factors that go into buying a home, but we have helped numerous individuals, couples and families find their dream home and we know we can do the same for you. This is what we do, we do it everyday, and we are good at it. Give us a call today, we look forward to working with you!

 

You have questions, we have answers. Give us a call at 843-839-9870

Visit and like our Facebook page & watch our new videos on our YouTube Channel, for great local updates and new homes to the market.

 

Best Realtor in Myrtle Beach


Why pick average, when you can have an expert?

Give us a call 843-839-9870


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When is the Best Time to Buy a Condo in Myrtle Beach?

by Jerry Pinkas

 

Myrtle Beach oceanfront condos for sale

If you have been keeping up with our weekly blog posts, you should be familiar with all the reasons why we believe Myrtle Beach, SC to be one of the best places in the country to live. Everything from the glistening waters, warm sandy beaches, exciting entertainment and incredible weather are just a few reasons why individuals, families, retirees and couples are making the move to the area each and every day. And really, can you blame them?

Our experienced team here at Jerry Pinkas Reality have helped numerous people find their dream home in Myrtle Beach, SC, and during the process we get asked many questions. One question we see quite frequently is “What is the best time to buy a condo in the Myrtle Beach area?”  And as you could imagine, that is exactly what we are going to be talking about in today’s post. If you have ever wondered or had questions surrounding this topic, today’s post is for you and we hope it answers any pending and outstanding questions you have. Enjoy!

condos for sale in Myrtle Beach SC under $100 000

When is the best time to purchase a condo in Myrtle Beach, SC?

When you think of the best time to purchase a condo in Myrtle Beach, SC, what season comes to mind first? Some people would say the winter months as you are more likely to get a good deal because it is after the busy summer season. They think that more people are eager to sell as the rental income may not be as significant during the coming months. And while there may be some logic there, there are also other angles that should be taking into consideration as well. Now others may think that the spring time is the best time to purchase a condo as it is right before the busy summer months and they think that people will be eager to sell because they can up the price of the unit and put more money in their pocket. And while this is also something to take into consideration, there are still more elements to consider.

Contrary to what many people may think, when it comes to purchasing a condo in Myrtle Beach, SC, the time to buy in now! Prices in the Myrtle Beach, SC area have been going up year-over-year, and just last year we saw prices increase as much as 16.5 percent! The best properties will always be the best properties, so trying to coordinate the time of year with when to purchase really will not do you much good. If you are interested in purchasing a condo, do it now because this time next year you may find yourself paying more. Myrtle Beach, SC offers some of the best values in the country, especially when it comes to oceanfront properties, retirement and second homes – you don’t want to miss out!

And on that note, it is also important for us to touch on the fact that it is not just about getting a good deal on the property – you want to make sure that the property will give you a good return on your investment. It is not just about finding a place at the beach, it is about finding the RIGHT place at the beach and avoiding the properties that are risky and will not be good investments down the road. And the properties with the best rental income are always in demand, no matter the time of year, and the prices of those properties usually do not fluctuate that much. Myrtle Beach, SC has a long season, beautiful weather, great rental income and affordable prices – but it won’t stay this way for long. So the earlier you get in and purchase, the better off you will be.  As the area continues to get recognized and make top ten lists, other people will be thinking the same thing as you: this looks like an incredible value, maybe we should buy property there!

Myrtle Beach Golf Course Condos

What are the benefits of purchasing a condo in Myrtle Beach, SC?

There are endless benefits when it comes to purchasing a condo in beautiful Myrtle Beach, SC, one of them being the area itself.  As we touched on a bit earlier, Myrtle Beach, SC offers its residents an affordable cost of living and incredible quality of life. There are countless activities to do outdoors, with some of the most stunning beaches in the country right at your fingertips. And with the temperate weather of Myrtle Beach, SC, there is always something to do no matter the time of year. The area is one of the most sought after places to live, with many condos overlooking the beautiful waters and stunning natural surroundings of South Carolina.

Foreclosed condos for sale in Myrtle Beach SC

Is Myrtle Beach, SC a good place to purchase an investment property?

Sunny Myrtle Beach, SC is a terrific place to purchase an investment property! With the area growing in popularity, people are flocking here from across the country for the beautiful weather, stunning beaches and endless entertainment. There are countless activities for individuals young and old alike to choose from, such as strolling the Myrtle Beach Boardwalk, dining at any of the top rated restaurants, playing a round of golf, or simply relaxing at the beach working on your tan. For these reasons, and many more, you are sure to find an incredible investment property here in the Myrtle Beach, SC area.

Another reason why an investment property is a good idea is because of the cost of living in Myrtle Beach. There is a plethora of stunning condos for sale, some even with breathtaking water views, that are priced right and make for great investments. You will find many condo buildings with incredible Homeowner’s Associations (HOA’s) that will more than likely cover items such as maintenance of the building and upkeep of the property, as well as insurance and even internet and cable in some cases. This is a wonderful added benefit, especially for investment properties, as many of the headaches that come along with owning a property are taken care of.

Also, as we spoke about before, with the influx of people coming to the Myrtle Beach, SC area you are sure to find an eager tenant wanting to rent the unit. The area is also known as a great spot to retire to, so you are sure to have a range of ages (young and old alike) when it comes to people potentially looking at your unit. The variety of potential and enthusiastic tenants will help ensure that you have money coming in each month to not only cover the expenses of the condo, but also (ideally) put some extra cash in your pocket! That’s a WIN-WIN! 

Myrtle Beach oceanfront condos for sale

What should I do if I am interested in purchasing a condo in Myrtle Beach, SC?

So you are interested in purchasing a condo in sunny Myrtle Beach, SC, but you have a long list of questions and aren’t sure of your next step. You may feel stressed, confused and slightly overwhelmed with the process – sound familiar? That is where we come in. Let our experienced team here at Jerry Pinkas Reality understand your needs, answer any questions you have and walk you through different condos in the area that meet your criteria. This is what we do, we do it everyday and we are good at it. You definitely don’t want just anyone to help you out, you want an expert that knows the area and knows what they are doing. We are here to help you, give us a call today!  

 

You have questions, we have answers. Give us a call at 843-839-9870

Find your perfect Myrtle Beach Condo here!  Subscribe to our YouTube channel for great new condos to the market!

Best Realtor in Myrtle Beach


Why pick average, when you can have an expert?

Give us a call 843-839-9870


PS: Get The FREE Myrtle Beach Real Estate App for Iphones or Android

Myrtle Beach Real Estate App For Iphone     Myrtle Beach Real Estate App for Android

 

Buying a condo in Myrtle Beach is it a good investment 2017

It may come as no surprise that we get a lot of questions here at Jerry Pinkas Realty surrounding condos and investments, as there are a lot of buyers that are interested in breaking into the investment property market here in sunny Myrtle Beach, SC. The question we get asked quite frequently is ‘If I'm buying a condo on the beach, is it better to buy a one bedroom, two bedroom, or three bedroom in Myrtle Beach?’ We have clients that want direction on which one will be the best investment and which one will give them the most return. And while it’s a tricky question, as there are a lot of factors that play into the decision, we are here to answer it in today’s blog post and hopefully will provide you with some helpful insight as you start your search.

Buying a condo in Myrtle Beach SC

Should I only look at condos that appeal to my personal taste?

While you may expect us to say yes to this criteria, the answer is actually no.

A lot of time people want a 2 or 3 bedroom condo on the beach because it may fit their specific needs and may be the way they would like to live themselves. Many times we see people that are drawn to purchasing a condo based on what they personally like and not thinking too much about the rental potential, which is actually backwards! Buyers should be thinking about what gives them the best return on their investment, not checking off the criteria of what they personally like upfront. Because when you break it down, you're going to be spending very little time in the unit anyway. You always want to look for a place that is going to give you the maximum amount of dollars back in your pocket. 

What factors should I consider when starting my search for an investment condo in Myrtle Beach, SC?

There are a few factors that we want you to keep in mind when starting your search for a condo in Myrtle Beach, SC that will aid in the unit ending up to be a good investment. A few of these factors include the purchase price of the unit, the potential HOA fees, the prime rental season and the total expenses of the unit. When it comes to HOA fees (Homeowners Association fees), it is important to not shy away from the unit because of these fees and to fully understand what is included in the cost each month. As we have discussed in a previous post, HOA fees have the potential to cover things such as insurance, cable, internet, maintenance and upkeep of common areas. Especially if you are using the unit as a rental, having all these items (and more) covered for one fee each month can help ensure that the unit and building are being kept up and allows you one less thing to worry about when it comes to renting each month. 

It is also important to keep in mind that not every complex or area of the beach will give the same return. Just because the building may be overlooking the glistening waters of beautiful Myrtle Beach, it does not guarantee that all the units in the building are equal. You can have a unit that is in a prime location, but can be extremely outdated which will make it difficult for you to find interested renters. By the time you put in the necessary funding behind getting the condo updated, you may be in over your head with the investment and end up loosing money on the unit. Once you have had the unit rented for some time, it is also important to consider your rental history year over year and adjust accordingly if you are not satisfied with the outcome of the income you are bringing in.

Best investment property in Myrtle Beach

So when prioritizing what you should be looking at in a unit that will give you the best return on your investment, it is the one that has the potential to give you the highest rental price. The next thing you should be looking at is what the homeowner’s association includes, and then, finally, if you personally like it yourself. If the steps are followed in this order, we are confident that you will find a good investment condo in Myrtle Beach, SC. Sometimes you will find that the one bedroom, when you put pencil to a paper, will come out to be the better investment, and other times it’s the two or three bedroom. And what exactly is the best way to figure out what is the best situation for you? Well that is where we come in to help you!

Buying a vacation home in Myrtle Beach

What season will I most likely see the most rental income from my condo?

This is a great question, and one we see frequently, as not all seasons in Myrtle Beach, SC are created equal when it comes to rental income. So here’s the deal: as we all know, there are only 52 weeks in a year and, therefore, you are limited to on how much rental income you can acquire during one calendar year. And if you have ever visited Myrtle Beach, SC in the summer, you are sure to understand the draw to the area during that time. The beaches are buzzing with locals and vacationers alike eager to soak up the warm South Carolina rays, the boardwalk is alive and action packed, and the delicious restaurants and overflowing with hungry patrons.

Summer is definitely the high season when it comes to rental income flowing into the bank, which is good because you may find yourself tapping into that bank in the winter to pay for the condo. Now don’t get us wrong, there is still plenty to do in Myrtle Beach, SC in the winter and the area does draw in renters. But if you are trying to plan on which season will allow you to charge the most and will bring you the most income, summer is your main gal.

And on a side note, if you are looking for tenants for a year long lease, we would recommend you starting the lease in the summertime. One reason this could work to your benefit is because the amount of available units will most likely go down during that time due to an influx of visitors to the area, therefore creating a higher demand. You are then able to turn around and charge a little more per month which will guarantee you that income each month for the entire year. On the flip side, if after the year lease is up your renter decides to not renew the lease, you will find yourself smack dab in the middle of the busy season again allowing the demand of condos to fuel your search for a new renter. It ends up being a bit of a win-win in our opinion!  

Is a beach condo a good investment

What should I do if I am interested in learning more or purchasing a condo in Myrtle Beach, SC?

We know you have questions about purchasing a condo in Myrtle Beach, SC, and we have the answers! Everything from price, location and layout can be topics of concern and uneasiness for potential buyers. We have helped numerous individuals, couples and families find the perfect condo and we can do the same for you. Allow our team of experts to understand your situation, go over your options and settle on what will be the best condo for your specific criteria. Why have average when you can work with experts? Give us a call today! 

 

You have questions, we have answers. Give us a call at 843-839-9870

Visit and like our Facebook page for great local updates and new homes to the market.

 

Best Realtor in Myrtle Beach


Why pick average, when you can have an expert?

Give us a call 843-839-9870


PS: Get The FREE Myrtle Beach Real Estate App for Iphones or Android

Myrtle Beach Real Estate App For Iphone     Myrtle Beach Real Estate App for Android

Can Buying a Condo in Myrtle Beach be a Good Investment?

by Jerry Pinkas

 

Buying a condo in Myrtle Beach is it a good investment

Is buying a condo in Myrtle Beach, SC a good investment?

We may be bias, but Myrtle Beach, SC is one of the best places in the country to live. The beautiful weather combined with breathtaking beaches, endless entertainment and delicious restaurants are just a few reasons why the area has become so popular and people are flocking from across the country to live here. Not to mention, it is a great place to spend your retirement years, as the area has seen a steady growth in population of retirees coming to Myrtle Beach, SC. And who could blame them!

One question we get asked quite frequently here at Jerry Pinkas Reality is can you buy a condo in Myrtle Beach and have it be a good investment? And we can tell you for a fact, yes you can! There are some condos that are money machines, and will constantly be sending you checks month after month, and at the same time we can assure you there are others that are alligators and will eat you alive. But not to worry, that is where our team comes in to help you tell the difference and decifer which are good and which are not so good!

If you currently live in Myrtle Beach and are looking to move into a condo, or maybe you live out of state and crave the Myrtle Beach lifestyle, there are many condo options in the area that are a great investment. But not all condos are created equal, and there are some that should be avoided at all costs. In this blog post we will be covering why condos in Myrtle Beach have the potential to be a great investment and what to look for (and what to avoid) when starting your search. 

Can a condo in Myrtle Beach, SC be a good rental property?

Absolutely! If you are thinking of purchasing a condo in Myrtle Beach, SC as a rental property, you may be surprised at the amount of rental income you can bring in on a monthly basis. Especially with Myrtle Beach being such a hot destination for individuals, couples and families from across the country, there are many people moving to the area that are looking for a place to settle into. You should also take into account the vacationers who visit the area year after year, and their interest in renting the unit for days, weeks and even months depending on the time of year. You just need to make sure that the specific unit you purchase is a good investment (which we will cover later in the post) to ensure that you will make a return on your investment. There are also many stunning condos that are located on the water, creating breathtaking views and providing an ideal location for residents of the unit. You can also typically charge more for these units as they are a hot ticket item in Myrtle Beach, SC, and can therefore bring in more rental income for you and your family each month.

Buying a condo in Myrtle Beach

What should I look for when buying a condo in Myrtle Beach, SC?

Throughout this post, it is important to keep in mind the idea that all condos are not created equal. Even if they are located on the most beautiful beach or in an ideal part of town, you can still run into a condo that (surprisingly) is not a good investment. You can have two units located side by side and there is a possibility that one is a great investment and one will end up being a money pit. There are a lot of things that determine if a condo ends up to be a good investment or not, but we want you to keep in mind as you are reading that each unit is different and to keep an eye out for the details that we touch on today as they can end up saving you a lot of stress, time and money. 

One factor to take into consideration when looking for a rental property in Myrtle Beach is the HOA (Homeowners Association) fees. While many people can typically be turned off by the sight of an HOA fee, it is important to understand everything that is included in the cost each month. Things such as insurance, internet, cable and maintenance are all items that are commonly covered under your HOA fee. And can you really put a price on peace of mind knowing that the common areas and maintenance of the building are all taken care of without you having to lift a finger? Especially if you are using the condo as a rental property, you would not have to keep such a close eye on things knowing the upkeep and maintenance are being handled by the management. 

Owning a rental condo in Myrtle Beach

Another item to keep in mind as you start your search for a condo in Myrtle Beach is location. You are more likely to see a return on your money and have the condo be a good investment if you pay attention to the part of town the unit is located in. Areas that are popular or up and coming in Myrtle Beach, such as close proximity to the beaches and entertainment destinations, have a greater chance to be a good investment as the location of the unit will always be in demand. And as we touched on earlier, you can possibly charge more for these units if you are using them as a rental due to the demand of the area from renters.  

Buying a condo on the Beach in Myrtle Beach SC

What should I stay away from when buying a condo in Myrtle Beach, SC?

When starting the search for your perfect Myrtle Beach condo, there are a few things we want you to keep in mind that can help you avoid falling into the trap of a bad investment. The first item we are going to touch on is management, as it has the potential to affect the investment value of the condo and your overall satisfaction with the purchase. You want to make sure that the management is on top of things and putting money towards things that need to be repaired and not waiting or putting things off. Another item you want to keep an eye out for is if the building has any pending litigations, as that can be a red flag when looking to purchase. You should also do your best to research if the unit needs any major repairs, as that can end up costing you a lot of money and stress down the road. Simple things such as new flooring or a fresh coat of paint should not be a cause for concern, but any structural damage within the unit should be discussed prior to purchasing the condo to ensure it doesn't end up being a money pit.

Buying a vacation home in Myrtle Beach

What should I do if I am interested in buying a condo in Myrtle Beach, SC?

As you can imagine, it can be very difficult to determine if a condo is a good investment or not simply by looking on the internet. The seller, understandably, will only highlight the good and shiny parts of the condo, not any potential downfalls of the purchase. You need to deal with an experienced team who not only knows the area, but has a track record for helping individuals, couples and families find their dream condo in Myrtle Beach, SC. Our team here at Jerry Pinkas Reality does this every single day -  and we are very good at it. We can help to keep you away from the things that you want to avoid when purchasing a condo in Myrtle Beach, and lead you towards the things that will be the best for you. We work with many people and we do hundreds of deals a year. Why pick average when you can have the best? We know you have questions and are here to help. Give us a call today, we look forward to speaking with you!

 

You have questions, we have answers. Give us a call at 843-839-9870

Find your perfect Myrtle Beach Condo here!  Subscribe to our YouTube channel for great new condos to the market!

Best Realtor in Myrtle Beach


Why pick average, when you can have an expert?

Give us a call 843-839-9870


PS: Get The FREE Myrtle Beach Real Estate App for Iphones or Android

Myrtle Beach Real Estate App For Iphone     Myrtle Beach Real Estate App for Android

Retire in Myrtle Beach SC

by Jerry Pinkas

 

Benefits of retiring in Myrtle Beach sc

Why retire to Myrtle Beach, SC?

If you looking to find a place to live when you retire and find that you are drawn to stunning beaches, beautiful weather, relaxation and a quality of life that is second to none, then look no further than Myrtle Beach, SC! Imagine your days being spent at one of the many fishing piers, on a scenic charter boat, dining at one of the many mouthwatering restaurants or perfecting your golf game on a world-class golf course. Or maybe you are looking for a more laid-back beach lifestyle that the Grand Strand is so well known for – Myrtle Beach has that too! All of these (and much more) are waiting for you in Myrtle Beach, SC! 

You may be asking yourself why Myrtle Beach, SC is such a great destination to spend your golden years and what makes it different from other popular retirement destinations around the country. A valid question. Myrtle Beach is seeing steady growth in the retirement community lifestyle, and in this blog post we are going to be talking about the top reasons why Myrtle Beach, SC is a great place to retire to. So if you are interested to see all that this beautiful area has to offer its residents then keep reading below!

What is there to do in Myrtle Beach, SC?

When it comes to finding things to do in Myrtle Beach, retirees and guests of the area will never be at a loss for excitement, as adventure and entertainment are hidden around every corner. You will find everything from theater performances and musicals, to captivating shows, lively concerts, stunning nature walks, pristine parks and fascinating museums. There are also over 600 fine arts events held throughout the year in the Myrtle Beach area. For those adventurous spirits, there are also countless watersports such as kayaking, jet skiing and parasailing available, or you can take a guided fishing tour or a pirate boat tour for those wanting to cruise the glistening ocean waters via boat. And if you are looking for a fun and relaxing shopping day, Myrtle Beach is a shopper’s paradise with a ton of high-end retail destinations, as well as specialty boutiques, local surf shops and outlet shopping available. There truly is something for every taste, size and budget!

Things to do in Myrtle Beach in retirement

If a day filled with delicious restaurants, live entertainment and incredible shopping is on your radar, look no further than Broadway at the Beach. It is one of the areas most popular destinations for attractions, shopping and exciting nightlife. Cherry Grove Beach also has a ton of oceanfront access and activities such as fishing and boating. Or head to Downtown Myrtle Beach where you will find older buildings and fascinating architecture, as well as an amusement park on the beach that is sure to appeal to both visitors old and young alike. Lastly, the Myrtle Beach Boardwalk and Promenade stretches 1.2 miles along the oceanfront, and is filled with everything for a fun packed day for all ages. Delicious restaurants, incredible shopping and stunning views of the water make the Myrtle Beach Boardwalk one of the most popular attractions in the area. While at the boardwalk, be sure to take a ride on the Myrtle Beach SkyWheel and take in stunning panoramic views of the area. The Myrtle Beach Boardwalk is also home to many concerts and festivals throughout the year, including the Sun Fun Festival, Carolina Country Music Fest and Boardwalk Fright Nights.

Should I retire to Myrtle Beach SC

For the golf enthusiast, Myrtle Beach may be your little slice of heaven on earth with over 80 championship golf courses in the area that fit any skill level and budget. Each golf course is perfectly designed to protect the wildlife that is indigenous to the area, as well as the precious natural habitat, ensuring authentic South Carolina scenery at every hole. The courses have been designed to be both technically challenging and visually stunning, and many have been crafted by world-famous architects such as Greg Norman, Jack Nicklaus, Arnold Palmer and Robert Trent Jones. Golfers will be pleased find some of the world’s most challenging courses here in Myrtle Beach, SC, which are sure to keep you (and your golf game) on your toes. Some of the most incredible and must-play courses in Myrtle Beach, SC include Dunes Golf & Beach Club, Grande Dunes Golf Club, Legends Resort – Heathland Course, Legends Resort – Moorland Course, Man O’War, Myrtle Beach Golf Authority, Myrtle Beach National – King’s North and Myrtlewood – Pinehills Course.

Myrtle Beach retirement rental communities

What type of homes are available for retirees in Myrtle Beach, SC?

There are a variety of different neighborhoods and styles of homes available to retirees in Myrtle Beach, ensuring there is something for every taste and preference. Many retirees will be happy to know that home prices in Myrtle Beach are some of the most affordable prices of any beach town in the nation (with the median home price in Myrtle Beach being $125,600), whether you are looking for a condo or a house. There are many 55+ age retirement communities around town that are perfect for individuals or couples looking to be surrounded by people around their same age, as well as many residential, beach and golf communities. Retirees of Myrtle Beach can lead a very active lifestyle as there is always something to do for residents of all ages no matter where you live in the area!

Healthcare for retirement in Myrtle Beach

Does Myrtle Beach, SC have good healthcare?

If healthcare if something you are concerned about, you can be sure to check it off your list as the area has some of the best care you can find! Since Myrtle Beach, SC already has a large amount retirees living in the area, healthcare is very well established with award-winning medical centers and caring, compassionate staff. The area is home to five top-notch hospitals, as well as numerous medical centers, and has some of the best treatments and technology available for nearby residents. As a matter of fact, the number seven heart hospital in the country is actually located here in Myrtle Beach, SC! There is also a variety of in-home health services, assistances services and transportation available.  

Retiring to Myrtle Beach

What are the benefits of retiring in Myrtle Beach, SC?

There are an overwhelming amount of benefits that retirees living in Myrtle Beach, SC take advantage of, but some of the more prominent ones include very low state income and property tax, as well as not being taxed on social security benefits. Another benefit to consider is the low cost of living in Myrtle Beach, which tends to be a large deciding factor for many retirees that move to the area as their retirement money can be stretched a lot further in Myrtle Beach compared to other areas around the country. Overall, when you factor in housing costs, taxes, utilities and daily expenses, you can see that Myrtle Beach is one of the most affordable places to live in the nation, and thus an ideal place to settle into for your retirement years.


What should I do if I want more information on retiring to Myrtle Beach, SC?

As you can see, Myrtle Beach, SC is a wonderful place to retire as it offers its residents a variety of stunning beaches, endless entertainment and low cost of living. Now we understand that relocating or moving can seem a little daunting, but rest assured we are here to guide you through the process and have helped countless retirees find their dream home in the area. We know you have questions surrounding retiring to Myrtle Beach, SC and our experienced team here at Jerry Pinkas Reality is here to help! Give us a call today and let us help you find your ideal place to retire to in Myrtle Beach, SC. We look forward to speaking with you! 

 

You have questions, we have answers. Give us a call at 843-839-9870

Visit and like our Facebook page for great local updates and new homes to the market.


 

Best Realtor in Myrtle Beach


Why pick average, when you can have an expert?

Give us a call 843-839-9870


PS: Get The FREE Myrtle Beach Real Estate App for Iphones or Android

Myrtle Beach Real Estate App For Iphone     Myrtle Beach Real Estate App for Android

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