[Myrtle Beach Real Estate Info]

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 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 Condos For Sale, houses, or land 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. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call (843) 222-1926; Put our team to work for you today.

5 reasons why Now is the time to buy.

Your $8,000 credit is about to go POOF!

On April 30, 2010, the $8,000 Federal Tax Credit disappears ...FOREVER!

Add to that the fact that interest rates are going to start creeping up, and you've got an even stronger reason to put an offer on a home now.

If you're contemplating buying a home before the end of the summer, then you should consider making today!

Here are 5 reasons why:

•·         Interest rates are low, but if the go up even 1%. Your buying power is cut by 10%! Many experts believe that 30 year mortgage rates will rise quickly and dramatically once the Fed ends their policy of purchasing mortgage-backed-securities at the end of this month. However, as we get closer to the Fed s exit there seems to be debate as to how much of an impact it will have.

•·         $8,000 Tax Credit...(F.R.E.E. money speaks for Itself)

•·         We have the largest selection of homes at the best prices available in the last 70 years.

•·         Real estate is a great investment (it even out-paced the stock market in the last decade)

•·         A house is a home first and an investment second.  Don't delay your enjoyment of life. It could cost you more than just the money you're investing.

If you'd like a list of all the HOTTEST Myrtle Beach Real Estate Deals in any price range and any area, contact us  now at 843-839-9870. When we get speak, I can also go over how to save you thousands of dollars when you buy your next home.

 6 Reasons Why Those Who Don’t Buy Myrtle Beach Real Estate Now, Might Regret It Later

Buying a condo or a home is a big decision. So it’s understandable that someone that is considering purchasing Myrtle Beach area real estate may take their time and avoid rushing into such a commitment. However, several factors may leave a prospective Myrtle Beach Real Estate buyer, who dosen’t purchase a property now, wishing they had taken action sooner.

The current market conditions have created the perfect storm of sorts that has makes it an ideal time to purchase a Myrtle Beach Condo or a Myrtle Beach House. Those who have the desire, and the means to buy now, but don’t, aren’t likely to see such a great opportunity again anytime soon!

We currently have a window of opportunity we don’t know how long it will last. But we can say that very Best Myrtle Beach Real Estate deals are selling fast. Right Now!  We are actually seeing oceanfront condo prices increase.

1) Record affordability with home / condo pricing

2) Historically-low interest rates

3) The very best properties are selling fast, and inventory is moving quickly

Everyone knows a deal when they see one. In the last 3 months seems like everyone has finally woken up and realized, “Wow it is a great time to buy, and there are some fantastic deals”

The beach has been packed every weekend with buyers snatching up the very best foreclosures and short sales. We are moving through the inventory very fast. 

Buy when they are selling and sell when they are buying. Well let me tell you, they are buying…..very quickly.

We just listed a house for sale on a Friday afternoon and by Monday morning we had 10 offers to buy.  We presented all the offers to the seller, and they choose the highest and best offer. It went for over asking price. Why would someone pay over asking price for a house in this market? Because at these prices, properties are way under value.

The media is slow to react. You will hear about this 6 month from now after the fact. We have our finger on the pulse of what is going on.  We are the experts in the Myrtle Beach Market for Foreclosures and Short Sales.  We are the top ranked Realtors in Myrtle Beach because of knowledge of the market and skill level. When you are ready, and coming to the beach, we go to work for you, in your best interest and show you the good the bad and the ugly. By the end of the day, you will know what is average and the way above average.

This market is not what it was a few months ago. Some parts of the country are very slow. But in Myrtle Beach this market is flying.  The lure of the beach and ocean has not gone away!

Why is the market in Myrtle Beach flying? 

When you can buy a 5 bedroom condo that was originally $950,000 in the height of the market, and you can now purchase it for $197,000.  If you can’t see this is a deal, then you probably don’t need to be looking at real estate.

Here are some examples of how Myrtle Beach oceanfront properties are increasing in value right now. (YES, I KNOW YOU CAN’T BELIEVE IT, BUT I DID SAY INCREASING IN VALUE!)

-       Caribbean unit sold a few months ago for $93,000. Now the last sale was for $121,000. They are now listed for $129,000. To $149,900.

-       Paradise Resort we sold a unit for $109,000 a few months ago now they are selling for $125,000 to $130,000.  That is almost a 20% increase in a few months. Not bad at all.

-       Margate Tower, 3 bedroom sold for $400,000. A few months ago. Now the same exact unit a few floors up sold for $535,000.

-       Dunes Village we sold a few months ago for $200,000. Now they are $229,000

-       Caribbean 3 bedroom condo sold for $250,000 now they are $275,000.

-       Myrtle Beach Villas – 4 bedroom condo across the street, as few years back they were $450,000.  We sold one for $118,000  WOW!!!  Now they are $140,000   à NOTICE àa 4 bedroom condo across the street from the beach, in a building just 3 years old, with lazy river, pools, etc. NOW SELLING FOR $140,000 DO YOU SEE THE VALUE?  That is why the market is moving fast!

Some of the very best deals are not on the internet. We have bank owned properties that we can show you in person when you are here, but we don’t have anything to email you on these types of listings.

Just let us know when you are ready.  We will pull the keys, set up the property viewing appointments, and put it together for you.

There is no time to waste for anyone who wants to take advantage of this great buying opportunity. If you can see that there are great deals right now, then you need to take advantage of the situation right now...

You will thank yourself down the road for buying now!

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 Real Estate Team

#1 is South Carolina #1 In Myrtle Beach
Exit Realty Elite
Myrtle Beach, SC
email : myrtlebeachsales@aol.com
web site: www.HomeGuideMyrtleBeach.com
office 843-839-9870
cell 843-222-1926

Your Dream House Can Come True Now

            As foreclosures and short sales continue to put pressure on the home prices in 2010, it's no surprise that the year 2010 will also be a buyer's market. This means that there is a great opportunity in real estate ownership unlike any we have seen in quite a long time.  Home prices are down, interest rates remain near historical lows, and inventory is high. Those with stable jobs and good credit can find their dream home, pay a price lower than any time in the last five or more years, finance it at a very favorable interest rate. Most people who shopped for a home in 2005 and 2006 recall how difficult it was to find a dream home at a price they considered affordable with so few properties available. According to the National Association of Realtors, the inventory of existing homes for sale peaked in November of 2008 at an 11 months' supply. There was a 9.6 month supply at the end of May 2009 and it has fallen since then. While you think your dream home will remain on the market forever the selection is shrinking fast.

            If we all knew the future, we would time our purchases by buying at the bottom of every pricing cycle. However, since we don't well all know that most of us are no better at picking bottoms than we are at selling tops. NAR statistics indicate that the national average for existing home sale prices peaked at $230,200 in July of 2006. In January of 2009, its lowest point, the average fell to $164,800, down 28.3% from its peak. Since then, despite foreclosures still making up a significant portion of the transactions, the average price has slowly climbed each month. It stood at $173,000 at the end of May 2009. Also, mortgage rates have been near historic lows. The unemployment rate is still high but the rate of people losing their jobs is slowing. And it's reasonable to expect any increase in inflation to also include an increase in home prices.

What this all means? It means that we are at a unique point in time within the realm of residential real estate. There are some terrific homes on the market today, at prices historically quite low, with attractive interest rates available. What does this mean to you? If you don't yet own a home, or if you own a home and have been considering trading up, now is a great time to go shopping.

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 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 Condos For Sale, houses, or land 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. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call (843) 222-1926; Put our team to work for you today.

Top Five Things You Must Do In Myrtle Beach

When you are looking for a great place to live where you can never run out of stuff to do, Myrtle Beach fits the bill! Myrtle Beach is an absolute paradise teeming with all types of activities, festivals, great golf course, flea markets and outlets and, of course, beautiful sandy beaches. If you’re thinking of moving to the Myrtle Beach, South Carolina’s finest coastal resort community, it’s important that you compile a list of activities that you want to experience and make memories for a life time. Here’s a look at the top five things to do in Myrtle Beach.

1)      Fun in the Sun - First you must go to the beach of course. This sounds obvious, but few people realize just how much there is to do on all the different shores of the Grand Strand. If you love surfing, you can hit the waves with your board or give windsurfing a try. Exploring the open waters at a gradual pace is quite rewarding, so make sure you try kayaking, canoeing or jet skiing. Scuba diving excursions will let you experience the ocean in an up-close and personal way.

2)      Music makes the world go around - Music is a central part of the Myrtle Beach experience. There are tons of quaint venues that showcase the talents of local musicians. The Carolina Opry features an ongoing variety show that blends singers, dancers and comedians into one night of unforgettable, country-fused entertainment. Visit Legends in Concert if you want to relive classic shows performed by world-class impersonators. There are tons of shows to enjoy with family and friends including the Medieval Times and Dixie Stampee that are a dinner and a show.

3)      Fore!!!! - Myrtle Beach is a golfer’s dream. With over a 120 courses to choose from and gorgeous coastal scenery on the horizon, you really cannot miss out on the experience. Myrtle Beach offers golf courses crafted by Arnold Palmer, Tom Fazio, Jack Nicklaus and some of the most renowned course designers in the world of golf. You can even bring the whole family along on a trip to one of the countless miniature golf courses situated on the shores of the Grand Strand.

4)      Shop until you drop - At Myrtle Beach, you’ll find shopping opportunities that will fit any style or budget. There are boutique shops, massive shopping malls, local flee markets and premium outlet centers all over the place.

5)      Visit the State Parks in Myrtle Beach - Myrtle Beach State Park and Huntington State Park give you the opportunity to soak up the lovely landscape of the region. Try camping, schedule a picnic or go on a fishing adventure. Hiking through the trails of these natural safe-havens is a calming and colorful experience. Make sure you take a walk through the maritime forest that has been declared a Heritage Trust site. It’s one of the few remaining maritime forests in South Carolina’s northern coast.

Once you live in Myrtle Beach, you’ll have a hard time narrowing down your top activity choices. You will never run out of fun things to do in the Myrtle Beach area.

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 Condos For Sale, houses, or land 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. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call (843) 222-1926; Put our team to work for you today.

South Carolina Foreclosure Law

Judicial Foreclosure

The judicial foreclosure process is one in which the lender must file a complaint against the borrower and obtain a decree of sale from a court having jurisdiction in the county where the property is located before foreclosure proceedings can begin. Generally, if the court finds the borrower in default, they will give them a set period of time to pay the delinquent amount, plus costs. If the borrower does not pay within the set period of time, the court will then order the property to be sold.

In South Carolina, the property is generally sold in the following manner:

1. A notice of sale, containing a description of the property, the time and place of sale, the borrowers name and the lenders name, must be published at the courthouse door and two other public places at least three weeks prior to the date of sale. The notice must also be published in a newspaper of general circulation within the county where the property resides for the same time period.
    
2. Unless otherwise ordered by the court, the sale must be conducted at the courthouse where the property is located by the sheriff of said county. The sale is usually held on the first Monday in each month, unless it is a holiday and then the sale may take place on the following Tuesday. The sale may begin at 11:00 am and go until 5:00 pm, but the sheriff may close the bidding prior to that time.
    
3. Despite the fact that the bidding at the public sale has ended, in South Carolina, the auction actually stays open for a full thirty days after the date of the public sale. During this thirty day time period, anyone may place a bid higher than the last bid amount and the successful purchaser will be the one with the highest bid at the end of the thirty days. This ongoing bid process is referred to as upset bidding. Anyone, other than the successful purchaser, who has placed a bid during this time, will be entitled to a refund of any deposit made in good faith and he or she will have no further interest in the property.
    
4. If no objection to the sale price of the property has been filed with the sheriff's office within three months after the date of sale, the sale will be considered confirmed and the sheriff will make any necessary deed endorsements.

Lenders in South Carolina may file for a deficiency judgment against the borrower and borrowers have no rights of redemption.

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 Condos For Sale, houses, or land 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. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call (843) 222-1926; Put our team to work for you today.

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.

 It is very important for sellers and buyers today to understand what a short sale is and the process that it takes. Because many buyers do not understand the short sale process they become impatient. Actually, the buyers who cancel the transaction prior to short sale approval are the biggest problem facing short sale specialists.

 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.

There are procedures the homeowners need to go through with the lender. The homeowner needs to prepare a financial package for submission to the short sale bank. Each bank has its own guidelines but the basic procedures are similar. The short sale package will consist of a letter of authorization, which lets your agent speak to the lender, completed financial statement, seller’s hardship statement, two year of tax returns and W-2s, recent payroll stubs, last two months of bank statements, HUD-1 or preliminary net sheet, and comparative market analysis or list of recent comparable sales. This will let your lender understand that you cannot continue paying for the property not that you just don’t want to. The typical short sale process at the bank may go like this, bank acknowledges receipt of the file, a negotiator is assigned, a BPO (broker price opinion) is ordered, the file is sent for review, the bank may want you to sign a Arm’s-Length Affidavit, then the bank issues a short sale approval letter.

In the buyer side there are also some procedures they need to do. Before you write a short sale offer, the buyer needs to ask his or her agent for a list of comparable sales. The bank will want to receive somewhat close to market value. The short sale price may have little bearing on market value and may, in fact, be priced below the comparable sales to encourage multiple offers. Making sure the bank has everything they need for you is the best way to keep the process moving. It can take up to two or three months for the bank to respond back but it can also be quicker than that. If the buyer is the type with little patience, then a short sale is not for them.

The Jerry Pinkas Myrtle Beach Short Sale 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. www.myrtlebeachshortsaleteam.com

Myrtle Beach Car Show - Myrtle Beach Car Shows

Thursday March 18, 2010 through Saturday March 20, 2010

Over 2500 cars!

Proceeds from the car show go to Children's Miracle Network

and the National Multiple Sclerosis Society

2009 proceeds $90,048!!!

Spring Lake Myrtle Beach SC - Spring Lake Carolina Forest

       Spring Lake is a beautiful community of custom homes located amongst the Carolina Forest area of Myrtle Beach, SC. The aesthetic look and feel of Spring Lake is different than that of any of the other communities with in Carolina Forest. Spring Lakes was one of the first and original custom homes communities within Carolina Forest. With its great location, Spring Lake is just seven miles away from the beach. Located just of HWY 501, with the conveniences that Myrtle Beach has to offer, Spring Lake offers easy access to HWY 17 and 31. Spring Lake is just minutes away to shopping, dinning, golf, and all other Myrtle Beach area attractions. Spring Lake offers homes with lake views and wooded views. The amenities include a community clubhouse, pool and a children’s playground.

Jerry Pinkas Team - Top Seller

Spring Lake Myrtle Beach

#1 Realtor in Sales - Call Today 843-839-9870

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 Spring Lake Homes For Sale, houses, or land 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. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call (843) 222-1926; Put our team to work for you today.