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 Realty has 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!
Best Time to Buy 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 springtime 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!
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.
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 are 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!
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 every day 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
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