Sunday, September 04, 2011

North Beach Plantation Modifies Community Plans

North Beach Plantation

Some important changes in the overall plans for the North Beach Plantation community have been announced and approved, according to the Sun News today.

Originally this community was supposed to be set up similar to Market Common, with stores, restaurants, and a good bit of commercial property intermixed with single family homes, townhomes, and the condo towers on the oceanfront.

The developers report that sales have been good on the two single family home communities, and preparations are beginning for a third, with about 35 homes per neighborhood. The new phase will have larger homes in the $450k range, as versus the original cottages which started at $179k and averaged in the $200's.

The original plans for live/work condos have pretty much been scrapped for building regular townhomes, along with some hotel rooms included in a new commercial building for shorter term rentals. Presently they have a "Plantation House" which includes a fine dining restaurant, fitness center, offices, and a spa.

Developers report that 207 of the 337 oceanfront tower condos have been sold and they are expecting a complete sellout in about 2 more years if the market stays good. The townhomes that are presently being built have been selling before the builders can complete the construction, they say, and new plans will also include a group of 2 bedroom spa villas as well as some duplexes.

North Beach Plantation homes represent the most impressive and diversified communities that North Myrtle Beach has ever had. Taking a ride through the development will amaze and excite anyone looking for an extraordinary place to call home or for vacation accommodations. We'll be glad to take you on a tour of this fantastic beachfront fantasy land!  Just give us a call.  Whether you decide on the North Beach Plantation Tower condos, the new townhomes being planned, or the spa villas, you'll enjoy the excursion!

Available North Beach Plantation homes for sale.

Available North Beach Plantation condos for sale.

Visit our North Myrtle Beach real estate website.

Monday, May 30, 2011

Myrtle Beach Real Estate Agency Press Release

We just published a press release about Greg Harrelson of C21 the Harrelson Group in Myrtle Beach, about his coaching sessions at the Keller Williams convention in Vegas recently.

Myrtle Beach Realtor Coaches Competition Too

Wednesday, March 23, 2011

Real Estate Websites

In the last several months I've had the pleasure to meet and learn about two more places through my real estate customers - Greenwood SC and Des Moines Iowa.  One thing about this career I have chosen is that I am learning about places all over the US that I may never see...but by the time I spend a couple of months learning about the towns, the communities, and looking at all of the gorgeous photos these guys take, I feel like I've been there.

Lake Greenwood property is some of the prettiest stuff I've ever looked at.  I can almost imagine a time that I could be happy living on a lake and foregoing my beach.  Not quite, but it's certainly just about as nice.

I've never been much of a "country" lover, but the scenic farms in Iowa are pretty impressive.  I have a very good friend online that lives in Muscatine, Iowa her whole life.  The small town country living must be something that gets in your blood...:-)

Anyway, if you want to see some new places, visit these websites and check out the photos...

Tuesday, February 15, 2011

Maui Homes for Sale - Market Update

Maui Homes for Sale
The West Maui real estate market, part of the larger Valley Island and Hawaii housing markets, saw a disappointing performance in the most recent tracking periods. According to statistics provided by the Realtors Association of Maui and the Honolulu Star Advertiser, there was a larger quantity of sales but a lower median price in December 2010.

The median sales price for single-family homes on Maui was $460,000 in December, marking a decrease of approximately eight percent from $498,106 in December 2009. The median price is even further off the market’s peak, which was achieved in 2006 with a figure of $690,000. Condominiums, on the other hand, saw a substantially larger decline in median price.

Condos declined from $450,000 to $377,500, marking a decrease of about sixteen percent from year-ago levels. The highest point of the condo market was reached in 2007, peaking at $550,000. This lackluster performance generally matched that of the Big Island and Kauai, although it was considerably weaker than the relatively strong Oahu housing market.

There were more home sales on Maui in December 2010 compared to December 2009 – 814 in 2010 compared to 693 in 2009, representing an increase of about seventeen percent. Similarly, there were 1,147 condominium sales on Maui in December 2010, showing a larger increase of about thirty-nine percent from December 2009’s 826.

It is important to note that the West Maui and Maui homes for sale analyzed by the Realtors Association of Maui statistics analyzed both new and pre-owned properties, although Oahu’s numbers dealt with solely previously owned homes.

A January 2011 article by Pacific Business News characterized the cumulative numbers for 2010 as possibly indicative of a nascent recovery, noting the higher sales volume throughout the Neighbor Islands. One local economist noted that the recovery of the Outer Islands is projected to be slower than Oahu, although the “bottom” of the market may be gradually forming on Maui. The overall sluggishness of Maui’s recovery can be at least partially attributed to a continually lackluster job market, as well as the hesitancy of many banks to extend additional lines of credit as they continue to recover from the recession.
### from Jeff Manson, ADRHI

Friday, February 04, 2011

AOL Real Estate Talks Foreclosure Hot Spots

AOL Real Estate had an interesting article yesterday describing some cities in the US having a surprisingly large number of foreclosures - cities that many people wouldn't think of having a problem with housing woes.

They noted that one out of every nine homes went into foreclosure in Las Vegas last year. ONE OUT OF EVERY NINE...WOW.

As an aside, they also quoted the president of RealtyTrac as saying 2011 would likely set another record for the number of foreclosures. That isn't such good news for anyone.

Some of the places mentioned were in our immediate area and as such are of interest to Myrtle Beach real estate folks.  One of these was - guess?  Myrtle Beach itself.  Yes, we made AOL News, and not in a good way. According to AOL, foreclosures increased 44 percent in 2010, mostly from vacation property. One thing that was said that I do not agree with though...

"But the city's major industry, tourism, was hurt by the recesssion." {in 2010).  Now that's the first I've heard of that, particularly in North Myrtle Beach, where several of the condo companies reported a record year last year. They also said we were the nation's ELEVENTH fastest-growing city!

Charlotte NC was another city on the list, predicted to see a 37% increase, and one out of every 50 homes in foreclosure this year.

Spartanburg was said to be the fastest growing region in SC, but also with the fastest growing foreclosure rate. They are predicting a 228% increase, and one out of every 60 homes to go into foreclosure. Nearby Greenville and Lake Greenwood property apparently was less affected by the real estate crash. The Greenwood SC MLS only shows 22 active foreclosures at this writing.

Virginia Beach was mentioned as having had foreclosures to the tune of 31 percent or one in 54 homes last year. They didn't mention predictions for the upcoming months.

New Orleans was said to have one in 57 homes in foreclosure, a 36% increase just this past month, which followed 36% last year and 79% in 2009. They described this southern resort city as being one of the 100 worst cities in the US for foreclosures.

Tulsa made the list, as well as Savannah GA, and followed by a report on the woes of Albuquerque real estate. Albuquerque is said to have had one out of 46 homes go to foreclosure in 2010. This is blamed largely on the loss of construction jobs rather than the usual mortgage fraud and over-enthusiatic investment attempts. Albuquerque foreclosures increased over 60 percent in last year.

Tuesday, January 18, 2011

Why Short Sales Are A Win-Win Situation

*Guest Writer today!*

Short sales are viewed as a last resort by most homeowners, and often even by realtors. But while they do have their drawbacks, there’s a reason they’re the most popular solution to troubled mortgages these days.

Borrowers have just as much to gain from short sales as lenders and buyers, especially when taking the differences between short sale and foreclosure into account. Read on to learn more about short sale foreclosures and how borrowers can turn it into a win-win situation.

No More Obligation (maybe)

A foreclosure and a Short Sale both involve losing your home, but a short sale can also mean letting go of your mortgage obligations.

In a typical short sale, the lender waives the right to seek the deficiency, or to sue you for the difference between your balance and the selling price. This may not always be the case with either, but between a short sale and a foreclosure, the former often allows you to move on and get back on your feet sooner.

Save Your Credit

While foreclosure and short sales both have negative impacts on your credit, a short sale carries less damage and is easier to recover from. You lose between 250 and 400 points after a foreclosure, while a short sale pulls your score down by just 80 to 250.

The negative effects of a short sale will stay on your credit report for a shorter period - from three to seven years, compared to the standard ten years of a foreclosure. Some lenders will even write it off sooner.

Get More Credit Options

A foreclosure on your record will turn most lenders away, whether you’re applying for a mortgage or a new credit card.

With a short sale, lenders are more understanding, and may even go out of their way to help you so you can rebuild your credit. Banks are aware of the circumstances surrounding short sale foreclosures, and they know that those who lose their homes in a short sale have at least tried every possible way to get back on track.

Avoid Foreclosure

Finally, the biggest and most obvious advantage of a short sale is that it saves you and your lender from the whole foreclosure process.

The main difference between a foreclosure and short sale is that the latter is much more convenient—you’re selling the home as a regular property, instead of going through a public auction. You also get to control the sale better, work with an agent you like, and choose who gets to buy your home.

Author bio:- Author is a professional short sale/ real estate agent who completely understands the Short Sale process and helps people who need short sales, or who want to sell for any reason. He can also help people who are having difficulties but want to keep their home. Visit to get more information about what a short sale is, how to do a short sale and how to best resolve your situation.