Selling Your Murrells Inlet Home

Spring is just around the corner and typically means Murrells Inlet home sellers get ready to place their home on the market in order to catch the wave of home buyers that look for homes so a summer move won’t disrupt the school year.  In an area like Murrells Inlet and the attraction from resort and second home buyers typical might not hold true for that rule but the spring and summer months look promising for Murrells Inlet real estate.

The rent versus sell decision should not be taken lightly especially if your original purchase was in the last few years and you fully intended to keep the property.  Rental units are in demand in Murrells Inlet and along the Grand Strand and while sale price declines appear to be leveling increasing values might not occur in the short term.  Location means everything and we can assist you with analysing your sell or rent senario or buy or rent if you are looking to buy a Murrells Inlet home.

This infographic has some great info for home sellers but don’t forget your REALTOR® can be invaluable when listing your home for sale or when you are looking to buy a home.  If you need assistance or have any questions about selling your Murrells Inlet home let us know as we are here to help. Copyright©2012 Sandra Bundy, Broker-in-Charge, B&P, Inc.  Serving the Pee Dee and Grand Strand of South Carolina.

 

 

Source: mint.com via Sandra on Pinterest

A Murrells Inlet Valentine

Romance fills the air today in Murrells Inlet as Valentine’s Day arrived on schedule.  So with all the love being spread around on this ‘special’ day for the loves in your life how about some love for the places where all the romance takes place?   A romantic dinner at home might not sound ideal for some but on the other hand can be just right especially if you consider that home is truly where the heart is and always will be.

Lucky for us we live in such a wonderful place and can love our Murrells Inlet home every day of the year.  Happy Valentines Day!

The Johnson sisters with the love's of their lives in Murrells Inlet circa 1950

Important reminders after buying a Murrells Inlet home

After buying a Murrells Inlet home it is important to make sure you are getting the full benefits afforded to home owners by way of making sure you have applied for 4% legal resident tax. As a general rule your closing attorney makes mention of this at the closing of your home purchase but many buyers fail to apply this benefit that can save hundreds of dollars off of yearly property taxes on your new Murrells Inlet home.

This 4% legal residents only applies for owner occupants and applications must be made at the county assessors office and is not automatic even if the previous owner was taxed at the 4% rate. I am amazed by the number of homeowners who do not apply for the 4% tax rate and end up overpaying property taxes year after year. For more information see Georgetown County Tax Assessor or Horry County Tax Assessor.  Homeowners should also consult with the taxing authority if they feel do not agree with the current tax assessment.

South Carolina law also allows for a homestead exemption for homeowners that are 65 years old or disabled that will help to further lower property tax bills on owner occupied homes.  This exemption for SC homeowners must be applied for and is not automatic and can exempt up to $50k of your homes value.

This information is not intended to be legal or accounting advise and is provided to help alert Murrells Inlet homeowners of potential property tax savings on owner occupied homes in Murrells Inlet.  Copyright©2012 Sandra Bundy, Broker-in-Charge, B&P, Inc.  Serving the Pee Dee and Grand Strand of South Carolina.

 

Outdoor living in Murrells Inlet

Two years ago we installed a salt water pool and replaced an unused concrete patio and pad that once was home to a storage building. While I love the addition of the pool we are in need of a yard crash and want to add more outdoor living space.

Like many homeowners we spent most of our time working on the inside of our home. With the temperate climate we enjoy in Murrells Inlet my next project is likely going to be an outdoor kitchen. Since our budget won’t allow for the hardscape right now we will need to start with the landscape.

In this real estate market we certainly aren’t looking for quick monetary returns with any of our outdoor projects. After all the pleasure we get out of our Murrells Inlet home can’t be measured in dollars and cents.

Murrells Inlet Home Sales fall in January

Murrells Inlet home sales for January 2012 indicate a 26.5% drop for single family home sales when compared to January 2011 as the median sale price slid 20% over sale prices 1 year ago to $177,900.  While sale prices and number of unit sales showed decline the average number of days to sell homes showed some improvement over last year down to 182 days on market.  Distressed sales made up 36% of single family sales in Murrells Inlet last month increasing 6.6% compared to January 2011.

The MSP of $177,900 last month is also lower than January 2010 sale prices for Murrells Inlet while 2011 showed some improvements.  The averge sale price for homes in Murrells Inlet has indicated a steady decline in the last 5 years while median sale prices indicated more fluctations for January home sales during the period.

Statistics released today provided in the graph differ slightly from the Murrells Inlet data as this also includes Garden City homes in the compilation but does follow a similar trend.

Change in Median Sale Price in Murrells Inlet and Garden City

Please contact us for more information about your Murrells Inlet home value. Copyright©2012 Sandra Bundy, Broker-in-Charge, B&P, Inc.  Serving the Pee Dee and Grand Strand of South Carolina.