Condo Living in Murrells Inlet

Blue Heron Condo's in Murrells Inlet

Condo living in Murrells Inlet is a great option for buyers looking to enjoy the benefits of low maintenance living and the amenities offered in area condo communities.  Common area landscapes, pools and clubhouses, playgrounds, security and other features are a big draw in the condo market along with aesthetically pleasing views to suit every buyer and price point.

If you are thinking of buying a Murrells Inlet condo as a primary residence, vacation home or investment property we would be happy to help you find one that suits your needs and budget.  Search all Murrells Inlet Condo units here.

Murrells Inlet condo & townhome choices include:

Allston House – Murrells Inlet creekfront condo complex with community dock.

Blue Heron – Murrells Inlet creekfront condo complex with community pool.  Views of the mouth of the Inlet & Huntington Beach.

Govenors Landing – Located inside Wachesaw Plantation on the Waccamaw River with gated access.

Inlet Garden – Small townhome complex with community pool.

Marina Colony – Central location and easy stroll to the Murrells Inlet Marshwalk.  Community pool, tennis, boat ramp and dock space for additional fee.

Moss Creek – Walking distance to Morse Park and the soon to be completed Jetty View Walk.  Pool & tennis.

Riverwood – Larger complex near Waccamaw Community Hospital.  Community pool & tennis.

Wayside Forest – Small complex near Morse Park.  Short and long term rentals allowed.

This is just a sample of Murrells Inlet condo options that are available.  Additional ocean front & golf course units are available in the Murrells Inlet area.  Sign up to recieve new Murrells Inlet condo listings to your inbox.  Copyright 2012 B&P, Inc. – Sandra Bundy – Broker-in-Charge.

 

 

 

Murrells Inlet home sales Market Update

Murrells Inlet YTD Home Sales

With 361 single family home listings in Murrells Inlet the number of homes available for sale has increased over 57% the last 3 months.  No doubt there are many choices in the Murrells Inlet market area.  With the average sale price down 6.8% over the same period last year price declines appear to be slowing and with limited REO and Short Sale listings we might see more price improvements in the next 3 to 6 months.

The current YTD average sale price in Murrells Inlet is $237,947 with and average of 202 days on market.  While the average sale price is on the high side there are many affordable homes available in the Murrells Inlet area priced below $200k.  If you are looking for a Murrells Inlet home start your home search online today.  Copyright 2012, B&P, Inc. Sandra Bundy, Broker-in-Charge.

 

Call Sandra Bundy today for more information on buying or selling your Murrells Inlet home.

 

Shrinking home inventory ~ Is it a good sign for area home prices?

Murrells Inlet and Grand Strand area home listing inventory appears to be shrinking and with the lack of homes on the market home price recovery could be in order.  The problem with the lack of inventory is more likely a sign of underwater homeowners who might otherwise be listing their homes for sale.

With the tremendous growth in the housing market we experienced in our area in the boom when houses were selling at a premium it is difficult for many would be sellers to take lossess on their home values.  When home equity is lost homeowners stay put rather than sell and it could deter buyers from making a purchase.  On the flip side in a need to sell situation short sales will see more gains in the coming months and with interest rates at record lows buyers in the market should consider a puchase that makes sense for them.

Short sales require patience for the buyer and seller as there can and will be delays during the process.  With more programs being announced by lenders and streamlining the processes a short sale is a win win situation in many instances as unlike foreclosures the homes are being maintained and cared for by the owners until the day of closing.  Copyright 2012 B&P, Inc., Sandra Bundy – Broker-in-Charge.

For more information on Murrells Inlet Short Sales contact us or view these resources to see if a short sale is right for you.

 

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

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.

 

Murrells Inlet Neighborhood Spotlight – Indigo Creek

When it comes to established Murrells Inlet neighborhoods in a nice quiet setting Indigo Creek just off Highway 17 Bypass offers a variety of home styles and price points with many located on the Indigo Club Golf Course.  Since it was first developed in the early 90′s Indigo Creek has grown to over 600 residences with a few select home lots remaining and has attracted new residents from all over the country over the years.

The 7 member HOA board at Indigo Creek in Murrells Inlet consists of residents from various backgrounds and is very mindful of keeping down costs for homeowners and works closely with K. A. Diehl & Associates the HOA management firm for the community.  Committees reports are presented to homowners by way of a quartely newsletter to keep all residents informed on matters important to Indigo Creek homeowners.   In addition they also provide many volunteer & social opportunites for residents to interact with fellow homeowners on a regular basis.

Indigo Creek HOA fees are low at $46 per month and there is a community pool and clubhouse for residents to enjoy.  With an average sale price hovering just above $183k home prices are very affordable and average days on market is 142 days for the 19 homes sales to date.

Indigo Creek is located in Horry County and the St. James School District and could be the ideal spot for your new Murrells Inlet home.  Copyright©2011 Sandra Bundy, Broker-in-Charge, B&P, Inc.  Serving the Pee Dee and Grand Strand of South Carolina.

 

 

Murrells Inlet Home Sales Trends for October 2011

Murrells Inlet Home Sale Data October

With 44% of single family homes sold in the Georgetown County portions of Murrells Inlet in October being distressed sales it is no surprise that the average sale price of $333,978 is down 10% from the same month last year.  The median sale price for Murrells Inlet homes marks over a 13% decline over October 2010 and much of the loss in value appears to be coming from the decline in home sale prices for the Garden City Beach vacation homes.

Over the last year only 3 of the 108 single family homes sold surpassed the million dollar sale price mark while there were 8 sales over $1 million in the previous year with one Garden City Beach home selling at over $2 million dollars in April 2010.  A majority of Murrells Inlet homes sold over the last year were in the $200,000 to $300,000 dollar range with 47 sales marking a 36% increase over the previous year and home sales below $199k also increased over the period.

New construction appears to be picking up in Murrells Inlet with several new homes at Boat House Run new the new Jetty View Project and the first home is also being constructed at Flag Pointe on Murrells Inlet Creek in addition to home starts across from the bike path at the southern tip of Murrells Inlet.  No doubt Murrells Inlet is a great place to call home and will be home to many new residents in the coming year as these new construction homes close to Murrells Inlet Creek, Marshwalk, bike path and boat landing are certain to draw a crowd. Copyright©2011 Sandra Bundy, Broker-in-Charge, B&P, Inc.  Serving the Pee Dee and Grand Strand of South Carolina.

If you need assistance with buying a Murrells Inlet home or have questions about your home’s value contact Sandra Bundy @843-902-7615 for more information.

Is it Time to Change your Home Buying Strategy?

There is no doubt that it is a buyers market in Murrells Inlet and the surrounding communities of Myrtle Beach and Pawleys Island. Just today as I checked out the active home listing inventory there are no less than 1800 single family homes for sale and when you count all areas along the Grand Strand that number goes up to over 4000. These numbers don’t include condo units or other home choices available in the Myrtle Beach real estate market. Given all the choices home buyers have in today’s real estate market is it time to change your home buying strategy?

Home Buying Strategy – Start Home Search Online

Looking at homes usually starts online for most buyers and it is a useful resource.  While a majority of home buyers start their search for homes on the internet the hidden gem of a home in Murrells Inlet is well known by local REALTORS® and unless you are very familiar with all the neighborhoods on the Grand Strand your online search won’t alert you like your Myrtle Beach area neighborhood expert can.

Better Home Buying Strategy – Search Online for a REALTOR®

SC agency relationships when buying real estate offer 2 choices for buyers with the choice of customer or client level services.  The listings you are viewing online are made possible because the seller has hired a REALTOR® to represent their interests in selling their home.  As a buyer of real estate in SC you have the choice of also being represented by a Buyer’s Agent who will promote and protect your best interest too.  Don’t overlook this valuable service available to you when you are purchasing a home in South Carolina.

Home Buying Strategy – Getting Pre-Qualified for a home loan

Contacting a lender should be at the top of your priority list when you are ready to make a home purchase and lenders are more than happy to assist you with your financing options.  Getting pre-qualified is a great starting point and a must for any home buyer.

Better Home Buying Strategy – Get Pre-Approved for a home loan

Today’s real estate bargains in Murrells Inlet and along the Grand Strand can and do go into multiple offer situations especially well priced homes in good condition.  In addition Myrtle Beach foreclosures are a favorite among deal seekers and a pre-approval is the only way you might get your foot in the door.  Ask your lender to take the steps necessary to provide you with a pre-approval so you don’t miss out on the Murrells Inlet home you want to purchase.  While cash buyers could win out on REO bargins that is not always the case and if you are looking at homes in need of repairs a 203k loan is a must.

Home Buying Strategy – Looking for Foreclosure Bargains

Myrtle Beach foreclosures are a popular target of area home buyers and many are certainly deals when compared to competing properties for sale in Grand Strand area neighborhoods.  Bank owned properties have made up approximately 20% of single family home sales in Myrtle Beach neighborhoods over the last year.  Inventory of foreclosure listings in Murrells Inlet, Pawleys Island and Myrtle Beach make up approximately 2.4% of active single family listings.

Better Home Buying Strategy – Check out Short Sales

Home prices in some areas of the Grand Strand continue to be listed above market value as sellers resist getting real about proper pricing in today’s real estate climate.  REO inventory accounts for only 2.7% of active single family home listings in Myrtle Beach but if you are looking for home bargains considering a short sale listing could be a smart move.  With over 11% of Myrtle Beach homes listed as short sales they offer more choices and are priced at market value.  In addition short sale processing has been streamlined by most major lenders and closing timeframes have been shortened making them a viable option for home buyers in the Myrtle Beach area.

If you have questions about buying or selling a home in Murrells Inlet, Myrtle Beach or the Pawleys Island area contact us for more information on how we can assist you with your next real estate transaction.  Copyright©2011 Sandra Bundy, Broker-in-Charge, B&P, Inc.  Serving the Pee Dee and Grand Strand of South Carolina.

REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.

 

 

Are Murrells Inlet Home Prices Stabilizing?

Murrells Inlet home sale prices appear to be holding with a median sale price of  $240,175 for single family homes sold in September up slightly over the same month in 2010 when the median sale price was $238,416.  Along with the upward price trend the number of homes sold also increased in September with 40 single family homes sold in Murrells Inlet.  August Inlet home sales also showed an increase in median sale price so are Murrells Inlet home sale prices stabilizing?

The answer is they appear to be swinging upward but there is more to the picture than home sale prices since Murrells Inlet homes for sale also play a factor in where home sale prices might be headed for the remainder of 2011 and into 2012.  Currently there are 459 single family homes listed in the Murrells Inlet zip code and 85 with contracts but only 8 pending cash sales.  The active listings represent at least 1 years inventory and if listings continue to climb into the winter months when the number of sales typically falls we could see a less stable market going forward but for now Murrells Inlet home sale prices appear to be stable.

If you are thinking of buying a Murrells Inlet home start your search today! Copyright©2011 Sandra Bundy, Broker-in-Charge, B&P, Inc.  Serving the Pee Dee and Grand Strand of South Carolina.

 

How the SC Hardest Hit Fund Might help you Avoid Foreclosure

SC Mortgage Help Tweet

Horry county had the third highest number of forecloures in South Carolina in July and as a home retention consultant assisting homeowners to keep their homes I see many homeowners who are frozen and shut down when it comes to taking steps to save their home.  Hardships happen and in order to keep your family homes there are steps to take and thankfully resources for SC residents that are available to help.  The Hardest Hit fund in SC administed by SC State Housing was allocated $295 million to assist SC homeowners with monthly payment assistance and direct loans.

Eligible homeowners that are unemployed can have mortgage payments made under the Monthly Payment Assistance program to keep their homes.   This program is capped at $36k and could make the difference in many homeowners situation and help to avoid foreclosure while unemployed and the homeowner is seeking employment.

Direct Loan Assistance is for homeowners who have experienced hardship through no fault of their own and have fallen behind on their payments and overcome the hardship but remains delinquent on their mortgage up to 6 months or more.   These loans are available interest free and are designed to bring the loan current. While there is a lien placed on the property for a period of 5 years it is forgiven after the period and no interest is charged.  This is an excellent opportunity for homeowners that have fallen behind and now able to make mortgage payments.

In addition to these programs there is also assistance for homeowners who are unable to stay in the home and do not qualify for the Direct Loan or Monthly Payment Assistance that have experienced hardships.  Short sales and deed in lieu of foreclosure are options and if you do not qualify for relocation assistance through your lender this program may be able to help.

If you think you need help to avoid foreclosure don’t overlook these programs!  The quickest way to get help is by visiting the SC Mortgage Help Website or calling 855-435-7472.  This program is expected to run through 2017 or funds are exhausted. Don’t delay, get help today! Copyright©2011 Sandra Bundy, Broker-in-Charge, B&P, Inc. Serving the Pee Dee and Grand Strand of South Carolina.