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Buy Myrtle Beach Real Estate - Now is the time

by The Jerry Pinkas Team

Mortgage Rates have been relatively low over the last month. This week, they are in the news by falling to a new all time historical low. The 30 year rate fell from 4.75 to 4.69 this week.    Jun 24, 2010
30-fixed 4.69 15-fixed 4.13 5 ARM 3.84 1 ARM 3.77

Jun 17, 2010
30-fixed 4.75 15-fixed 4.20 5 ARM 3.89 1 ARM 3.82

Jun 10, 2010
30-fixed 4.72 15-fixed 4.17 5 ARM 3.92 1 ARM 3.91

Jun 03, 2010
30-fixed 4.79 15-fixed 4.20 5 ARM 3.94 1 ARM 3.95

May 13, 2010

30-fixed 4.93 15-fixed 4.30 5 ARM 3.95 1 ARM 4.02

So in addition to looking at mortgage rates it's also helpful to look at mortgage payments. We took today's rates and translated them into a mortgage payment for a 200k loan. We also did the same things with rates from May 13th.

Jun 24
30-year $1036.07
15-year $1492.43
5-year ARM $936.47
1-year ARM $928.5

May 13
30-year $1065.1
15-year $1509.62
5-year ARM $949.07
1-year ARM $957.13

So although rates were already pretty low on May 13th today a payment on a 200k loan is about $30 less a month for a drop of a little less than 3 percent.   If you have been thinking about buying a place in Myrtle Beach, and no one has told you yet......Now is the time to buy.    Buy when they are selling and sell when they are buying!  That is when the big money is made!   Interest rates are low, great deals on Foreclosures and bank owned properties, you may even throw in potential rental income.  Now is the time to buy.  

  

Are You Ready to get the inside track on the Myrtle Beach Real Estate Market?

 Sign up for VIP Myrtle Beach Foreclosures  Listing alerts ---> http://www.BuyBankOwnedMyrtleBeach.com/

 

 

Myrtle Beach Bank Owned Foreclosures – Bank Owned Listings in Myrtle Beach

Interested in buying a foreclosure? Want to know what properties are avalible in Myrtle Beach and the surrounding Grand Strand areas? Myrtle Beach Bank Owned Foreclosures are all over the Grand Strand!

The current market for foreclosure homes and condos in Myrtle Beach is very good for buyers. Investors are currently buying these properties and will hold on to them until prices rise again. 

As Myrtle Beach SC foreclosure specialists, The Jerry Pinkas Real Estate Selling Team is one of the top ranks agents on the entire Grand Strand.  Sign up now for a list of Foreclosures and Short-Sales.

The Jerry Pinkas Real Estate Team will help you find Myrtle Beach, SC foreclosures and you can make well informed real estate decisions.  You can filter through your search for Myrtle Beach foreclosed homes for sale by price, number of bedrooms, bathrooms, property type, and more.

You want to be sure you work with a real estate agent who has experience in foreclosures. Experience, skill level, negotiation, and information are very important with this type of transaction. When you work with a with a buyer's agent, that agent will act with your best interests in all relevant areas of the transaction.  Our team is dedicated to make sure the home you are interested in buying is exactly what it is supposed to be and the home is worth the price you are paying.

Once you've identified a foreclosure listing, make sure the offer price represents an accurate home valuation compared to other Myrtle Beach real estate currently on the market.  These foreclosed homes for sale include HUD and VA government foreclosures, bank owned foreclosures (REO or Real Estate Owned), pre-foreclosures and notice of default (NOD) listings, public foreclosure auctions, and other foreclosures in Myrtle Beach, SC.

The market for Myrtle Beach Foreclosures is very good with many excellent deals being made. But not all listings are deals.  You have to know particulars on each property to make an informed decision. The prices in Myrtle Beach are down and you can purchase a condo or home at prices that may surprise you.  Now is the time to find your Myrtle Beach area property while the price is right.

 

Short Sale - Homes, Beach houses in North Myrtle Beach Condos – 1708 Cottage Cove Circle

The Cottages at the Surf, a new development in North Myrtle Beach. A lovely North Myrtle Beach Condos Beach-house now for sale. Multi levels with tile, hardwood and carpet flooring. 3 Bedroom, 2.5 Bathrooms. Open and sunny layout, large windows.

The kitchen has stainless steel appliances, sandy colored granite countertops, maple cabinets, garbage disposal, dishwasher, range, refrigerator, microwave and tile throughout the kitchen. Breakfast bar is also part of the kitchen. Family room has vaulted ceilings and a ceiling fan. Porch is attached to the family room. Washer and Dryer in a small closet. Bedrooms have bay windows.

FOR MORE PICTURES OF THE LISTING, 1780 COTTAGE COVE CIRCLE, CLICK HERE!

  

The backyard is lush and green. Great Views! There is a large neighborhood pool with plenty of lounge chairs. Great for pool parties or barbeques.

The Cottages at the Surf neighborhood is a gated community, golf-cart friendly and less than one mile from the beach. The neighborhood has concrete sidewalks and lantern-lit street lamps. The Cottages in North Myrtle Beach Condos has palm trees and fountains on the sides of the roads. The entrance to Cottages at the Surf is brick columns with a beautiful gold and black. Golf memberships and Marina boat slips are available.

 

There is a community pool with a sundeck and a poolside pavilion. This resort-style pool is an infinity style pool, where the entrance to the pool is at 0 feet and gradually becomes deeper. Perfect for smaller kids. In the pool is a “mushroom”, typically a kiddie feature to any pool where water squirts of the top of it. The pool is grounds are expanse and beautiful.

 

FOR MORE INFORMATION ON THE COTTAGES AT THE SURF NEIGHBORHOOD, CLICK HERE!

This small neighborhood is made up of homes that resemble “beach houses”. The homes have colored vinyl siding with white accents to create the “beachy” feeling. Some have brick fronts or both vinyl and brick fronts. The homes have 2 porches, 1 screened in on the top level and a porch on the bottom level. The homes in the community are 3 and 4 bedroom homes.

The backyards have plenty of mature shady trees and new plantings including flowers and small shrubs throughout the neighborhood.  Cottages at the Surf is in the center of beautiful landscaping. The Marina, golf course and Intercoastal Waterway run on all sides of The Cottages at the Surf.

This is a short sale home, call Steve Smith of the Jerry Pinkas Real Estate Team Today! 843-839-9870

Frequently asked Questions about Myrtle Beach Short Sales

 

What is the main difference between a Myrtle Beach Short Sale and a Myrtle Beach Foreclosure?

 A Myrtle Beach Short Sale will be the better option, if time is allowed. Typically a short sale will take place in something called a “pre-foreclosure time period”. Before the homeowner has to be forced into a foreclosure, which is almost bankruptcy for a homeowner, he or she will have another option.

What is a short sale (from the bank’s point of view)?

A short sale is where the bank, or lender, will get the highest price for a quick sale at the current market. The bank will be satisfied getting less than the full loan amount owed. Instead of a foreclosure, where the bank would be holding onto the property, making payments on it each month, the bank will receive the highest bid for the property. The bank does not want to hold onto properties, therefore, a short sale will be the better option for the bank as well.

What is a short sale (from the homeowner’s perspective)?

A short sale will allow the homeowner to still be completely rid of all financial debt and mortgage payments on the property. The bank will be happy because they will not have to make payments of the house. When they bank is happy, you will not have to worry about the bank coming after you or hounding you with collection calls. It will also be a better option than a foreclosure because your credit score will not be affected.

What are the main points of a foreclosure?

- foreclosure can damage your credit score anywhere from 7 to ten years

- Foreclosures can leave a family with an eviction notice

-foreclosures leave the banks unhappy, resulting in the banks coming after a family for years to come

Why is a short sale better?

A short sale will allow the homeowner to:

- be completely rid of all financial debt on the property

-the mortgage will be paid off in full

-while selling the house, you will be allowed to live there longer then a foreclosure (in some cases, a foreclosure will leave a family with a eviction notice)

- your credit score will be saved

If a short sale is not for you, you can try a loan modification. What is a loan modification? A loan modification will prevent a foreclosure by lessening your loan payments and making the loan current. Types of modification results are: rate reduction, term extension, forbearance and repayment plans. We have all of the necessary tools required for a loan modification, in some cases, it is better to get a loan modification then it is to file for a short sale. Keep in mind that a loan modification needs time. A typical loan modification will take from 3 to 6 months to complete.

Myrtle Beach Short Sales are happening all over the Grand Strand right now. All of the Short Sale transactions that the Jerry Pinkas Team does are successful and quick thanks to our very own Short Sale specialist, Steve Smith! Steve Smith is reliable, sociable, friendly and will help you through the entire Short Sale Process. If you are interested in short selling your home, call Steve today 843-839-9870 or to fill out your short sale application, click here! If you are interested in a loan modification, click here! Both the loan modification and short sale application will be processed by Steve Smith. He will make the short sale quick and easy!

Hunters Ridge Myrtle Beach, SC - 2470 Hunters Trail

by The Jerry Pinkas Team

Hunters Ridge Myrtle Beach, SC - 2470 Hunters Trail

This beautiful brick home is a 5 bedroom, 2 bath located in Hunters Ridge Myrtle Beach SC, Legacy Section. This home is situated on an oversized lot with a pond in the back. This home is a must see! Relax and enjoy your private back yard view which features fencing all around. There is a patio, front porch, rear porch, fencing and insulated doors and windows. 

Inside the house is Pergo flooring, vaulted ceilings, and large rooms in the Living, Dining and Kitchen areas. Kitchen features lots of open space, large countertop area, pantry and nice upgraded cherry cabinets. The house has a dishwasher, microwave, breakfast bar, pantry, range hood, and stainless steel appliances. There is a private office right off the foyer. The home has a split bedroom floor plan. Master bedroom features vaulted ceiling, and oversized bath with double bowl sinks, separate shower and tub, as well as a separate vanity for make-up/ dressing area as well as large walk in closet. Lots of storage thought this home.

The Hunters Ridge is conveniently located just three miles from the heart of Myrtle Beach, South Carolina. Only minutes from the beach, two college campuses as well as Myrtle Beach and Conway hospitals, Hunter's Ridge is ideally located with convenience in mind. Only ten minutes from the Myrtle Beach Airport and fifteen minutes from well-know Myrtle Beach attractions such as The Market Commons, Broadway at the Beach and many of the well known shows such as the Dixie Stampede, The Carolina Opry and The Palace Theatre.

Want Something a Little Bit Different? Take a Look at our other HOT LISTINGS NOW!

Hunters Ridge, Hunters Ridge in Myrtle Beach, Homes for Sale in Hunters Ridge Myrtle Beach, Homes for sale in Myrtle Beach

JP Real Estate

604 N 27th Ave

Myrtle Beach, South Carolina 29577

843-839-9870

Arrowhead Homes For Sale in Myrtle Beach, SC - 232 Barclay Drive

by The Jerry Pinkas Team

Arrowhead Homes For Sale in Myrtle Beach, SC - 232 Barclay Drive

This fantastic home is located in the Golf community of Arrowhead in Myrtle Beach. Great central location close to the beach, restaurants, shopping, golf, and everything Myrtle Beach has to offer. You will enjoy the large private back yard. This home is a must see! Pictures just can't capture it all on this one! This home is all on 1 level, no steps to climb. Low maintenance home is located on a nice side street. There is a Tray Ceiling in the Dining room. The kitchen features breakfast bar, Upgraded oak cabinets. Appliances included: Refrigerator, Stove, Microwave, and Dishwasher. Vaulted Ceilings and neutral colors are throughout this home. Specious closets and storage are throughout this home. This home offers a Large Master Bath with Garden Tub & Separate Shower. This home is very well maintained and has nice landscaping. LOW homeowner fees include: club house, fantastic Olympic pool complex, tennis courts, playground and much more. Great central location close to restaurants, shopping, and the Beach & Ocean!

 

232 Barclay Drive

The Villages of Arrowhead is a private golf community located with a great central location in Myrtle Beach, South Carolina off of Highway 501. Its’ convenient location is only seconds away from Highway 501 and Highway 17. The residents of the Villages of Arrowhead are close to everything the Grand Strand has to offer, and yet far to not be in the center of the heavy traffic and noise. The Coastal Grand Mall, Market Commons, Wal-Mart and many fantastic restaurants are only a short drive away. The Villages of Arrowhead has many amenities onsite. Something for everybody in the community such as a Junior-Olympic swimming pool, lighted tennis courts, a poolside pavilion, walking trails and play areas for children. Homes in The Villages of Arrowhead offer unique and beautiful views of the golf course and various lakes making this community one of the most ideal communities Myrtle Beach has to offer.

 The Villages of Arrowhead is situated in a top notch school district as well. A variety of home styles and prices are available within the community. Homes and condos located on the golf course each have their own individual feel. These individual villages within a community make up The Villages of Arrowhead: Lemmington, Feldsbar, Maitland, Sandalwood, Starpoint, Limestone, Sandstone, Silverlake, and Riverwalk condos.  Price ranges from $100,000 to $500,000 throughout the community. From condos to 5 bedroom single family residences, The Villages of Arrowhead in Myrtle Beach truly has it all!

Want Something a Little Bit Different? Take a Look at our other HOT LISTINGS NOW!

Villages of Arrowhead, Arrowhead Homes for Sale, Myrtle Beach Arrowhead Neighborhood

Myrtle Beach Short Sale - How to Stop Foreclosure in Myrtle Beach

by The Jerry Pinkas Team

What is a Myrtle Beach Short Sale?

            The word “foreclosure” is not a very pretty word. In fact, it causes families to lose their homes, credit scores to go down-hill and often fight long term financial battles.  A Myrtle Beach Short Sale is the solution to the problem, and will stop a Myrtle Beach foreclosure before the full process is completed.  Myrtle Beach Short Sales are more popular now and a way of getting out of an upside down mortgage.                                                                               

We have all heard about Foreclosures from family, friends and in the news. But what is foreclosure? Foreclosure is when one cannot afford to pay for the monthly mortgage payments. As a result, your credit score can be trashed.  A foreclosure can lead to banks declining a request for a loan and you may not be able to borrow money for years. Every time you apply for a loan, you will need to fill out the application that will ask you questions about your financial life. One of these questions includes, “Have you even had a property foreclosed upon or given a deed-in-lieu thereof in the past 7 years?”  If your answer is yes, the loan will most likely be denied. You can not lie because the FBI may get involved and you may be subject to investigation for mortgage fraud. Your likeliness to get a job may decrease as well if an employer has to run a credit check on you.

            Many people are mislead by thinking that once they give their home title or keys back to the bank,  that all their problems will disappear. This is not true at all. This is when your problems start. Once the bank repossesses your home, they may continue to badger you, and attach a deficiency judgment against you personally. They may be unhappy with the loss of money or the amount of money they did not receive in the foreclosure. They may continue to pester you with collection calls asking you for payments on your old property even though it was foreclosed. That is the reason to short sale your property. A short sale is a negotiated paid. A short sale stops foreclosure and deficiency judgments.

            Do not let this happen to you. Stop foreclosure before it happens. Call The Jerry Pinkas Short Sale Team today. We are the solution!

            Even if you are not in a foreclosure situation, it is best to be educated on how to handle it if a foreclosure should arise. Foreclosures are deadly because no one can see them coming. No one can be 100% percent they are safe from a foreclosure. Many things can lead to foreclosures: serious illness, a major accident, death in the family, divorce, or job loss. Foreclosures can lead to depression, unpaid bills, collection calls or even lawsuits. It is a good idea to know the alternatives to a foreclosure. In almost all cases, a short sale is better than a foreclosure.

            When a foreclosure takes place, the lender takes the house back and the bank may want you to vacate the property immediately and may continue with eviction proceedings. You will need someone to help you. The bank will not do it because they are only concerned with their personal interests; the bank just wants your money. It is best to avoid a foreclosure at all costs. With all things considered, you need to look at other options besides a foreclosure. If it is not too late, you may be able to get a short sale instead. Short sales have fewer side effects and will not hurt you as much as a foreclosure.

            What is a short sale? A short sale can be the solution to making all parties happy so everybody wins. The lender will get the highest price for a quick sale at the current market price. The borrower will get out of a mortgage on a property that is upside down in value. A Short sale occurs when a borrower sells their property for a sales price less than the amount owed to their lender after all sales expenses. The lender must accept the offer which is most likely less then what the price originally was. In a short sale, the home owners will be completely relieved of all of their mortgage debt. When the property is sold, the mortgage is paid off and the sellers avoid foreclosure and bankruptcy.

            What will a short sale look like on your credit report? A short sale will show up as a “short sale” or negotiated paid on your credit report. Whereas a foreclosure will show up as mark on your credit for 7 years or more.  A short sale may show up on your credit report as “pay as agreed” or “paid as less then agreed”. This will look better then a foreclosure which can basically deny you from credit for 7 years or more.

            Can you still apply for a loan after a short sale? You can still apply for a loan after a short sale. The loan application will not ask any questions about a short sale whereas there will be questions about a foreclosure. This means that a loan application will most likely go through if a short sale took place instead of a foreclosure. A short sale transfers to a loan application as your home being sold.

How long do I have to move after a short sale? The wait for a short sale to go through may be 3 months or longer, which means that you have plenty of time to look at other locations and new homes before you move.

The best tip about foreclosures and short sales is to get a short sale specialist to represent you. Do not attempt to do a short sale on your own. It’s a matter of having the paperwork correctly prepared so the process can happen. It’s about what you should say to your lender, and what you should not to say to your lender (bank). You should have someone working for your best interest. You want the short sale specialist with short sale experience, knowledge, and negotiating skills to work for you. You don’t want an “average” real estate agent working for you. You need someone way above average. Someone you can rely and depend on to make the all the phone calls to the bank, and to handle all the messy paperwork correctly. You need someone with proven short sale experience. The best thing you can do if you are in a possible foreclosure position, is to call the Team - The Jerry Pinkas Team at: (843) 839-9870

  • Join the Thousands of homeowners that have successfully avoided Foreclosure.
  • We can Help You Now!
  • No Obligation - Free Consultation

CALL NOW - Myrtle Beach Short Sale Team –

Myrtle Beach Pet Friendly –Pet Friendy Vacation Rentals Oceanfront Condos Hotels and Houses in Myrtle Beach

                Vacations are always better if you can bring your furry friend along with you, and in Myrtle Beach, there is a great selection of Myrtle Beach pet friendly vacation rentals. Pet friendly vacations can come in the form of oceanfront hotels, resorts, vacation rentals, house rentals, condos and vacation homes. For those who do not want to leave their canine companion behind, there is The Myrtle Beach Palm House!

One of the best vacation homes for pets is the Palm House. There are many happy and pleased customers that say this is the place to go if you have a dog. The house is almost six miles from the beach; only a ten minute drive from the house to the beach! It sits away from all of the hustle and bustle and traffic of the city, so you can enjoy a quiet, relaxing vacation in the Carolina Room or the enclosed, fenced-in back yard.

The outside of the one-story pet friendly vacation rental is a white-wash brick exterior and white shudders on the windows. The house is enclosed by a white picket fence, with plenty of room for your dog(s) to run around or for you to relax in. There is also a gourmet barbeque grill available and a large family sized picnic table.  In the front yard, the house has 2 Carolina palms and a small front porch. The driveway is big enough for two vehicles and there is additional parking available on the street.

Myrtle Beach Pet Friendly

Inside of the vacation home are 3 bedrooms; 2 full bathrooms; a laundry room with a washer and dryer; a full sized kitchen with all new appliances including a dishwasher, refrigerator,  freezer, microwave, stovetop and oven; a dining area that seats six; a living room with 2 pull out sofa beds and a Carolina Room. In total, the house will sleep 11 comfortably. If you do not have a pet, you just have a large family, the Palm House is an affordable choice. There is title throughout the kitchen, dining area, living room and hallway and in the three bedrooms there is carpet.  The kitchen is fully stocked with additional accessories such as a coffee maker, toaster, blender, plus cookware, utensils, pots, pans, silverware, dishes, and glasses. This pet-friendly vacation house is a very clean and affordable choice. Linens and towels are provided for everyone staying at this pet friendly rental.

This pet friendly vacation rental is situated about twelve minutes from the Myrtle Beach Airport; nine minutes from Myrtle Beach’s local baseball team, Pelican’s Baseball Stadium; nine minutes from one of the Grand Strand’s outdoor shopping and dining attractions, Broadway at the Beach and sixteen minutes away from one of the many live theatres of the Grand Strand, Carolina Opry and Dolly Parton’s Dixie Stampede. The Palm House is nearby to every attraction and restaurant the Grand Strand has to offer.

Call today to book your Myrtle Beach pet friendly vacation! If you have any questions, call 843-236-6623 Or for faster service go to www.OceanfrontCondoRentals.com  



 

Myrtle Beach Oceanfront Condos for Sale - Myrtle Beach Condos for Sale

by The Jerry Pinkas Team

Myrtle Beach has been recognized by the leading tour operators in the country as a leader in vacation tours to the many area attractions. Myrtle Beach Oceanfront Condos for Sale, vacation real estate, and other Grand Strand properties are wildly popular because of the phenomenal growth in all areas of resort development. Myrtle Beach, South Carolina is one of the leading areas in the real estate market with warm weather and great attractions drawing new resident year after year. Money Magazine listed Myrtle Beach and North Myrtle Beach Condos in their Top 20 of places to retire in the USA. Southern Living Magazine ranks Myrtle Beach as one of its top vacation destinations in the southeast. Why not invest in some Myrtle Beach real estate?

http://www.getmyrtlebeachlistings.com/

Buying oceanfront a condo in Myrtle Beach has become very popular to many that like the idea of renting to vacationers while enjoying vacationing themselves to their properties. Tourists that are looking for a great place to relax and have some fun usually find themselves coming to Myrtle Beach because we have what they need. The City of Myrtle Beach is the heart of the Grand Strand, a 60-mile crescent of beach on South Carolina's northern coast. Our tourists come to play golf on one of over 100 championship golf courses. They come for shopping in the multiple boutiques and outlets, dining in five star restaurants and live theaters and shows. Myrtle Beach is the premier resort destination on the East Coast, hosting visitors from all around the country and the world. The Myrtle Beach area has become very popular as a 2nd home destination. With the first Baby-Boomers becoming of retirement age we have seen a number of people move south to the Carolina’s in particular Myrtle Beach. Many find Florida too warm or not close enough to their families.

The two most popular condos sought after are condos near the beach and condos around golf facilities. There are major differences in these two types of condos, and they should be researched thoroughly before purchasing a unit. The ocean condos tend to have higher maintenance fees, and traditionally have more of a chance of special and insurance assessments. Of course the rental income is usually much higher on the ocean.  That’s where people want to vacation, so the weekly rates generate more income for an owner.

Myrtle Beach Oceanfront Condos For Sale

Myrtle Beach has earned the name of being the “Coastal Golf Capital of the World”. As a result of this popularity many golfers now purchase condos on golf courses in Myrtle Beach. With over 100 golf courses to choose from in the area, it is not hard to find a condo around a golf course.

When looking for a condo to invest in, you can choose from the many amenities available. Right now these properties are luxury and are affordable two words that we don’t hear together that often. Some condo amenities include multiple pools, Jacuzzi hot tubs, Water Park, kiddie pools, tiki bar, gift shop, restaurants, video arcade, men’s and women’s sauna, lazy rivers, exercise room, oceanfront balcony, hi-speed internet, cable, and some even have a bowling alley.

There is a market for foreclosure or short sale condos in Myrtle Beach, SC. Some of the oceanfront condos that are in foreclosure here are at half the price they were when they were sold several years ago. Smart investors are taking the decision of buying these low price foreclosure properties and holding on to them until prices rice again.

You want to take part of this great opportunity? Make sure you have a real estate agent that is on top of their game and that is up to date with all the foreclosure properties around.  Finding a pro that is willing to go to work for you will benefit you greatly. With local real estate markets rebounding, especially on the water, now is the time. Don’t wait ‘til it’s too late.

 

Are You Ready to get the inside track on the Myrtle Beach Real Estate Market?

 Sign up for VIP Myrtle Beach Foreclosures  Listing alerts ---> http://www.BuyBankOwnedMyrtleBeach.com/

 

Jerry  Pinkas

JP Real Estate Experts

604 N 27th Ave

Myrtle Beach, South Carolina 29577

843-839-9870

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