Once again Jerry Pinkas of The Jerry Pinkas Real Estate Team has been quoted as the local Myrtle Beach Real Estate Specialist, working with Myrtle Beach Foreclosures and Myrtle Beach Short Sales.
The local newspaper Myrtle Beach news paper, The Sun News, recently featured a front page article on Real Estate starts year on right foot, where Jerry Pinkas was quoted.
"The way it is right now with the pricing, I think it is more affordable than it has been in a long time," said Jerry Pinkas of Exit Grand Strand Realty. "People have had the desire to buy a piece of property and have been just sitting on the sidelines."
Pinkas, who specializes in condos and does a lot of work with foreclosures and short sales, said that people are seeing prices that would allow them to potentially make a profit on a property so they are taking out home equity loans on other properties or choosing to invest in real estate instead of the stock market.
"Last year started off a little slower. Part of the reason for that was people were very concerned about investing and were holding it really close," Pinkas said.
With prices as low as they are, investors are finding ways to come up with the cash to make the purchase and that is fueling competition for some of the newer oceanfront properties at the steepest discounts, which are selling quickly, Pinkas said.
"Once those have cleared through, that's it," he said. "I'm not saying there's not going to be deals out there [but] we have this window right now because you can buy quality."
Click here for the full article Real Estate starts year on right foot.
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