Real Estate Reality

Weathering The Storm – Insurance Moratoriums Delay Closings

To mitigate losses, insurance companies issue moratoriums as storms approach. No policies can be issued. Closings are delayed or canceled.

Flooding In Myrtle Beach

Flooding is a fact of life along the Grand Strand that is often overlooked in the “Official Relocation Guides”.

It’s a real threat that you need to be keenly aware of if you’re living in Myrtle Beach, moving to Myrtle beach or planning to buy or sell a home anywhere along the Grand Strand.

Freddie & Fannie – 3% Down for Primary Residences

Freddie Mac and Fannie Mae announced the availability of 3% down for primary residences in March 2015. This can be of most benefit in the condo market since there are relatively few VA/FHA/USDA approved condo projects. Condo needs to meet conventional guidelines, but many do.

Myrtle Beach Property Taxes

Property Taxes - Myrtle Beach Horry County SC South Carolina ranks in the top 10 states in the country with the lowest residential property taxes. People relocating from the New England states are always pleasantly surprised to discover that they will be pay...

Oceanfront Land

The Myrtle Beach metro area, commonly referred to as the Grand Strand, has over 60 miles of wide, soft sandy beaches. With that much beautiful oceanfront and the recent recession, you'd think there would be ample oceanfront land available for development or...

Where have all the foreclosures gone?

Where have all the foreclosures gone? The short answer...they were bought by savvy investors and smart home buyers who knew the inventory of distressed homes wouldn't last forever. During the 5 year period from 2008 thorough 2013 foreclosures and short sales...

HOA’s and POA’s What’s the Difference?

What is the difference in a POA and an HOA? They are one and the same from a practical and legal standpoint. POA stands for Property Owner's Association and HOA stands for Home Owner's Association. The POA abbreviation is widely used in the Myrtle Beach area. Many...

Highest and Best Offers

Question: What does it mean when a seller asks for the "highest and best " offer. How do they determine what's best? Answer: A "Highest and Best" situation typically occurs when there are multiple offers submitted on a property. More often then not these are...

How far is this house to the beach?

Question: How far is this house to the beach Answer: The homes closest (5 to 15 minutes) to the beach will have Myrtle Beach, Surfside Beach, North Myrtle Beach, Little River, Garden City, Pawleys Isalnd, Litchfield, or Murrells Inlet addresses. Conway addresses can...

What is an REO Property?

Question: The listing information says this is an REO property. Does that make me ineligible to purchase it? Answer: REO stands for Real Estate Owned (by the bank). It is another way of saying bank owned foreclosure. We have 3 stages of foreclosure real estate. 1....