Real Estate Information Archive

Myrtle Beach Real Estate Market Trends

National Assocation of Realtors released its pending home sales index figure last week, and for the second month in a row, the index is up.

What's more, the index has broken 100. That's significant because the only other time the index has hit 100 in recent years is when the home buyer tax credit was available.

NAR Chief Economist Lawrence Yun says, "It is the natural, organic power of great affordability conditions and job creation that is bringing the index level up, this is a very encouraging sign."

Myrtle Beach real estate market outlook -The Jerry Pinkas Real Estate Experts report the following market conditions:

4,603 active listings for Myrtle Beach condos for sale

 5,049 active listings for residential homes on the market for sale

Those numbers include 868 properties that are either short sales or foreclosure listings.

The number of buyers has increased and the number of properties that are on the market is lower than it has been.

Many people are are interested in the Myrtle Beach real estate market outlook, and want to know the what the current Myrtle Beach real estate market conditions are.

The reason the market has grown and increased is buyers have been buying up many of the deals.

Also sellers prevously waiting on the sidelines, are now jumping in and putting their properties on the market for sale because even they see the light at the end of the tunnel.

If you are looking for the very latest Myrtle Beach real estate market trends, you will want to keep up to date with the local real estate experts.

JP REAL ESTATE EXPERTS Ranked in the to 250 real estate teams in the Nation by The Wall Street Journal!

Our team helps you make well informed real estate decisions in the Myrtle Beach and North Myrtle Beach area.

The JP Real Estate Experts - is your local expert with 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.

Award Winning – Top Ranked – Highly Recommended –

Call Now for FREE Expert Advise (843) 839-9870

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Fundraiser & Benefit for a Local Family

            Shortly before the holidays we regret to announce that our dear friend Jason West of Myrtle Beach, SC passed away in a tragic car accident. He leaves behind his beautiful wife Beverly and two children. We keep Jason in our hearts and we wish his family the very best through these tough times. Jason was a great friend, a friendly colleague, and beloved husband and father.

            In loving memory of Jason West Firebelly’s Paella will be holding a BBQ Plate Dinner fundraiser/benefit on Friday, January 13^th @ Jade Thomas Restaurant and Catering (located at 219 Laurel Street, Conway, SC 29526) from 10:30am-2:00pm! Meal tickets are only $8 and all proceeds benefit the family of the late Jason West!

            *All donations will be greatly appreciated and will go a long way in helping the West family with medical bills and other expenses.

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Myrtle Beach Short Sales

Short Sales in Myrtle Beach occur when borrowers sell their property for a sales price less than the amount owed to their lender after all sales expenses, including brokerage fees, are taken into account. In order for this to take place the lender must accept a discounted payoff; meaning the bank get paid less than the full loan amount owed. In a short sale, the homeowners get complete relief from all of their mortgage debt.

Myrtle Beach Short Sales can be a win-win solution for everyone involved in the transaction, including the home owner, the lender, and the buyer. The lender benefits by getting the highest price for a quick sale at the current market price, relieving financial burdens from their books. The borrowers in return, get their credit restored and often enough garner relief from possible future legal actions and deficiency judgments.

The end result is a sold property, the mortgage is paid off, and the seller avoids a foreclosure or a bankruptcy in the event of hardship. Perhaps even better, a sellers credit rating will immediately improve because your credit report shows that your mortgage was paid in full.

Short Sale transactions require experts…don’t settle for anyone less!

The Jerry Pinkas Short Sale Team, is committed to providing outstanding service and value to buyers and sellers. We are widely recognized as the preeminent Real Estate Sales Team in the area. We are known for developing quality working relationships with our clients; relationships based on respect, integrity, and trust. The Jerry Pinkas Short Sale Team is proud to have developed beneficial relationships with lenders, inspectors, contractors, and a wide range of housing professionals. We pride ourselves on building a solid foundation for your home to rest upon. Whether you are purchasing, selling, or both…we ensure that you have the support you need to make to make sound decisions and receive the best deal possible. We go the extra mile for you!

The agents or The Jerry Pinkas Short Sale Team take the time to listen to your needs and dreams. We work tirelessly to facilitate your goals without compromise. We are committed to treating every client as if they are our #1 priority.

Whether you are buying, selling, or simply considering a move, we will be happy to speak with you.

If a short sale is what you’re after, call the Jerry Pinkas Real Estate Experts.

If you are interested in Myrtle Beach Condos for Sale or investing in a Myrtle Beach Oceanfront vacation condo, call Jerry at 843-839-9870 or sign up for LISTING ALERTS at http://www.buybankownedmyrtlebeach.com/

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Right now there are plenty of Myrtle Beach Homes for Sale at a bargain price; some up to 75% discounted due to the current market status. The Jerry Pinkas Real Estate Experts pride themselves on being the best on the beach in terms of getting the best possible deal for you and your family! We constantly gain access to the newest properties to hit the market and have a wide variety of listings to choose from including: exclusive right to sell properties, short sales, and most of all Myrtle Beach Condo Foreclosures & Myrtle Beach Home Foreclosures. Check this property out!!

Located just south of 501 between Burcale and the Coastal Waterway, sits this beautiful 3 bedroom 2 full bath ranch style home. The property is located in the Arrowhead subdivision in the heart of the Ocean Bay subdivision. At approximately 1800 square feet, this property has the potential to suite a large family or new couple. This house is only 8 years old and the price is a third of what was paid for the house 4 years ago. This is just one example of some of the fantastic properties we can find for you.

Tips for Homebuyers

1. Use the internet, it’s one of the best tools at your disposal
2. Location is key. Make sure you find a neighborhood you are comfortable in. Take into account the school district if you have children and what you would be in close proximity to
3. Find an experienced agent!! The more experienced they are, the better off you will be. May I recommend one of the experts??
4. Take note of potential property features
5. Be patient and don’t get discouraged. Sometimes (particularly with Short Sales) the process can be lengthy

The Jerry Pinkas Real Estate Team’s goal is to create the most productive and influential real estate team in the world by focusing on teamwork, leadership, and personal growth to achieve our goals. We will provide world class service; on return will create raving clients.  We are experienced dedicated agents that want to work for you and work hard for our clients. We truly want to be a part of this honor of helping you and your family, become a First Time Home Buyer.

If you are interested in Myrtle Beach Condos for Sale or investing in a Myrtle Beach Oceanfront vacation condo, call Jerry at 843-839-9870 or sign up for LISTING ALERTS at http://www.buybankownedmyrtlebeach.com/

Twitter: Jerry Pinkas' personal Twitter - Updates every day, New Blogs, Hot Buys and Inside Information!

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Myrtle Beach Real Estate Foreclosures

The state of today’s economy is providing a perfect opportunity for first time homebuyers to make a profit or find your dream house by purchasing a Myrtle Beach Real Estate Foreclosure. In order to purchase a Myrtle Beach foreclosed home you must first understand what exactly a foreclosure is and the process it takes to buy a foreclosed home in Myrtle Beach. Depending on the state the legal steps could be different. Foreclosure essentially means that the last home owner was not able to pay the mortgage, so as a result, the lender or the bank took back the property. Since the bank or other lenders want to recover as much of the investment as quickly as possible, Myrtle Beach foreclosed homes and properties are often unloaded at great discounts. It can be upwards of 30 percent or more depending how desperate the banks/lenders are to wipe the books with the property. However, it is important to remember that the foreclosed properties are usually sold “as is”, meaning you might want to think about how much more of an investment you are going to have to make in order to fix some things. Usually there is no cause for concern over little nuances, but hiring a quality home inspector and real estate agent will go a long way in determining if the good deal you have found truly is worth it!

As a first time foreclosure buyer, learning what type of properties to buy which agent to choose and what type of financing is stressful and involves a lot of steps and paperwork. Right now there’s a window of opportunity of foreclosed properties in the Myrtle Beach area. Many Myrtle Beach properties are selling anywhere from 30% to 75% off what they originally were paid for three years ago. If you are looking in to buying a foreclosure in Myrtle Beach, the best agent to choose is one that the bank calls first when the properties first hit the foreclosure market. This means that they are familiar with the foreclosure process and they know what they are doing which means you are being well represented and in your best interest.

Things to Remember

1.) When placing an offer, you need to have everything in order. The banks want to make sure that you have your pre-approval letter in place, and often through the bank that the loan has defaulted on. Your offer should be as clean as possible. Keep in mind, you are "bidding" against investors, often who can pay cash and do not need buyer’s agents because they have experience with these types of properties and the typical procedure of buying a foreclosure in Myrtle Beach.  REMEMBER, if you can purchase the property cash or conventional, that makes you a stronger buyer.

2.) Always remember to do your homework. There is a ton of resources out there and with the advancement of the Internet, there is no reason to not be prepared. Real Estate agents that are Certified Foreclosure Specialists know these deals and the market they fall into. Consider hiring an attorney to protect yourself, but most importantly, feel good about the purchase you are making. With the average person spending 5-7 years in a home, you are going to be there for a decent amount of time.

3.) Buying a foreclosed home is a lot to think about, but remember that you do not have to do this alone! The Jerry Pinkas Real Estate Experts are highly experience agents that will do everything and anything they can to get you the best deal possible. The Jerry Pinkas Real Estate Experts specializes in Myrtle Beach foreclosures and are the #1 team in the Myrtle Beach area. So, to find out the best Myrtle Beach foreclosure listings, at the greatest prices, call The Jerry Pinkas Real Estate Experts today!

If you are interested in Myrtle Beach Condos for Sale or investing in a Myrtle Beach Oceanfront vacation condo, call Jerry at 843-839-9870 or sign up for LISTING ALERTS at http://www.buybankownedmyrtlebeach.com/

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When selling your Myrtle Beach Real Estate, you need a seasoned local REALTOR to provide you with the information and expertise to sell your home, as well as the most aggressive and individualized marketing available for your property. We provide our sellers with a comprehensive strategy encompassing our vast knowledge of the local market and wide ranging advertising that is second to none. So whether you have a Myrtle Beach Condo for Sale or a Myrtle Beach Home for Sale, read below for some selling tips and a look into how the EXPERTS can deliver you the best results on the grand strand.

2 Tips for Sellers to Consider…

Price Smart, Don’t Let Your Ego Get in the Way!

This should be on every seller's priority list. There are few reasons that a property cannot get a contract in place within 60 days or less. The listings that generate activity while others gather dust are typically those whose owners have adjusted expectations based on comparably priced homes, or other competitive properties in the market. That doesn't mean you should drop your price precipitously on your home to undercut the litany of poor-condition foreclosure homes. It’s an entirely different market with different expectations for selling price. It just means your price has to be realistic based on today’s market and not around the value you paid for it a couple years ago. Any real estate agent that tells you different is wasting your time. Now that doesn’t mean you can’t sell your property at all. You have to remember once you sell your property at a value that reflects current market  value, the next property you purchase will also (or should) be selling at a price similar to comparable properties on the market.

Don't wait out the recovery! Who knows when it will be.

It’s no surprise that the housing market has hit a fluxuation period fluttered with prices lower than the market average several years ago. And by the looks of things, it will take years – some even estimate a decade or more -- for values to return to their highs of three years ago. That potential loss you're fretting over may only be on paper, especially if you've been in the house awhile. If the property is a secondary residence and the renting has become slow, why sit on the property and absorb month after month of sunk costs when you can unload it?

When it comes to selling houses, Jerry Pinkas Real Estate Experts DOMINATES.

Like mentioned earlier, selling your home is a big deal and should be trusted only to those agents who are truly dedicated to their craft. Our agents here at Jerry Pinkas Real Estate Experts are just that and so much more. Nobody knows the area and the market values for real estate in Myrtle Beach better than the EXPERTS do. More importantly they are honest good-willed agents aimed at getting the best possible deal for your property (remember that’s how they make their living too!) The BEST thing about listing your property with us is that your property will not sit on the market forever and garner little interest. Our marketing strategy is one of the best in the country in getting your listing syndicated all over the internet and the local area, reaching a much broader customer segment. GUARANTEED TO SELL, GUARANTEED RESULTS!!

If you are interested in selling a Myrtle Beach Condo or Home or investing in a Myrtle Beach Oceanfront vacation condo, call Jerry at 843-839-9870 or sign up for LISTING ALERTS at http://www.buybankownedmyrtlebeach.com/

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Myrtle Beach Condo Sales

This following is a complete resource with many Myrtle Beach Condos For Sale. You will find detailed reports on each property, complex and resort by clicking on the individual resort property. Some of these properties are oceanfront or beach front, ocean view, golf resorts, Myrtle Beach condos across the street from the beach, and  Myrtle Beach Condos in walking distance to the beach. You will find some full resort complexes with pools, restaurants, water parks, slides, arcades, and just about every amenity you can imagine. Other Myrtle Beach Condo Sales are in condo complexes that give just the basics. Below you will find many of the most popular condos in Myrtle Beach.

Below is an alphabetical list of Myrtle Beach Condo Sales:

1) Anderson Ocean Club and Spa Condos For Sale 

2) Atlantica Condos for Sale 

3) Bay Watch Condos For Sale  

4) Bayview Condos For Sale 

5) Beach Cove Condos For Sale 

 6) Blue Water Resort Condos For Sale  

7) Breakers Resort Condos For Sale 

8) Camelot Condos For Sale 

9) Caribbean Resort Condos For Sale 

10) Compass Cove Condos For Sale 

11) Dunes Village Resort Condos For Sale 

12) Grand Atlantic Condos For Sale  

13) Island Vista Condos For Sale 

14) Long Bay Resort Condos For Sale 

15) Monterey Bay Condos For Sale 

16) Myrtle Beach Oceanfront Condos For Sale  

17) North Beach Plantation Condos For Sale  

18) Ocean Blue Condos For Sale 

18) Ocean Reef Condos For Sale 

19) The Palace Resort Condos For Sale 

20) Paradise Resort Condos For Sale 

21) Regency Towers Myrtle Beach For Sale 

22) River Oaks Condos For Sale 

23) Sandy Beach Condos For Sale 

24) South Wind Condos For Sale

Whether you are Buying or Selling myrtle beach condos for salein any of these condo complexes, Jerry Pinkas Real Estate Experts are the pros in Myrtle Beach condo sales.

Call now and put us to work for you 843-839-9870

Now is the best time to consider purchasing a Foreclosure in Myrtle Beach. How long have you been looking for a home or condo that you can afford? Are you having trouble finding a property that matches your criteria? Jumping into the vast market of real estate in Myrtle Beach can be overwhelming to say the least. 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. 

Ever wish you could have someone find Myrtle Beach foreclosures for you? Look no further because the Jerry Pinkas Real Estate Experts have access to the insider tips and secrets that can help you save up to 75% on the purchase of your dream home that most local investors will never know about…

Check out the deals below that we have closed for our clients!

4 Bedroom 3 Bath Condo

Previously Sold for $540,000
Now Sold $116,000

3 Bedroom, 2 1/2 Bath

 Previously Sold for $175,000
Now Sold $78,500

OCEAN VIEW CONDO

Previously Sold for $144,900
Now Sold $33,000

            The JP Real Estate Experts have had great success with finding our clients Myrtle Beach Condos for sale, even throughout the downfall of the real estate market. While it is a very good time for homebuyers to consider foreclosures in Myrtle Beach, the window of opportunity won’t be open forever. Eventually, the housing market will rise and the chances of getting a 75% discounted property are highly unlikely.

If you are interested in Myrtle Beach Condos for Sale or investing in a Myrtle Beach Oceanfront vacation condo, call Jerry at 843-839-9870 or sign up for LISTING ALERTS at http://www.buybankownedmyrtlebeach.com/

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Right now there are a lot of Myrtle Beach Oceanfront Condos for sale. Are you a potential home buyer who is looking for that perfect beach property? Maybe you come down from the North and vacation a couple weeks a year or perhaps you’re even a local resident looking to get closer to the beach. As you probably are well aware by now, real estate markets in the United States are not what they used to be. People are upside down on their mortgages and many are forced into short sales or foreclosures. So what does that mean for you? Well, if you have ever thought about moving to Myrtle Beach or just want a little property to vacation at, NOW is the time…

When looking for a Myrtle Beach Condo for sale to invest in, you can choose based off of the many amenities available. Right now these properties are both luxurious and 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. Myrtle Beach Oceanfront Condos are one of two of the most popular types of condos that Myrtle Beach, SC has to offer.

One of the things I’ve learned since joining the Jerry Pinkas Real Estate Experts in Myrtle Beach, SC is the fact that the agents here are something special. They know the area and are familiar with EVERY oceanfront and condo resort on the beach! More importantly, our agents have access to the latest properties to hit the market. Foreclosures, short sales, or cheap bargains, the team of agents here at Jerry Pinkas Real Estate Experts will get you the best deal on a Myrtle Beach Oceanfront Condo, guaranteed!  

If you are interested in Myrtle Beach Condos for Sale or investing in a Myrtle Beach Oceanfront vacation condo, call Jerry at 843-839-9870 or sign up for LISTING ALERTS at http://www.buybankownedmyrtlebeach.com/

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Today, there are a lot of Myrtle Beach Short Sales going off the market for extremely low prices! That is why it is very important for buyers and seller to understand what a short sale is and the process that it takes. Many buyers do not understand the short sale process and they become impatient when closing on a property seems to take forever. This is where the Jerry Pinkas Real Estate Experts come into play. The Jerry Pinkas Real Estate Experts will guide you through the short sale process and make sure that everything goes according to plan with the least amount of hassle. Our short sale specialists are very experienced with the processes and will be sure to do everything that they can in order to get things done for you the correct way throughout your buying process.

But first let’s explain what a short sale is. A short sale is a sale of real estate in which the sale proceeds fall short of the balance owned on the property’s loan. It occurs when a borrower cannot pay the mortgage loan for whatever reason. Some of the reasons could be unemployment, reduced income, divorce, medical emergency, job transfer out of town, bankruptcy, or death in the family. The lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure.

In simpler words a short sale is a win-win solution for the current home owner, the lender, and also the buyers. The bank/lender gets the highest price for a quick sale at the current market price. The home owner gets their credit restored and gets relief from possible future legal actions like a foreclosure. In a short sale, the homeowners get complete relief from all of their mortgage debt. For a buyer, a short sale is also a win-win situation for the reason that they can own a great property for a fantastic price.

If a short sale is what you’re after, call the Jerry Pinkas Real Estate Experts.

If you are interested in Myrtle Beach Condos for Sale or investing in a Myrtle Beach Oceanfront vacation condo, call Jerry at 843-839-9870 or sign up for LISTING ALERTS at http://www.buybankownedmyrtlebeach.com/

Twitter: Jerry Pinkas' personal Twitter - Updates every day, New Blogs, Hot Buys and Inside Information!