Myrtle Beach Real Estate

The Myrtle Beach area is just one of several areas on the South Carolina coast lovingly referred to as the “Grand Strand.” The Grand Strand is comprised of 60 plus miles of beaches from Georgetown to Little River. Each year, the Grand Strand is destination for more than 10 million tourists, with recent years being more in the 13 million plus range. The area has more than 100 golf courses, 1500 restaurants, and numerous shopping and entertainment options. Golfers, vacationers, and tourists alike, all come to Myrtle Beach for another huge reason…we average 215 sunny days each year. The Grand Strand truly has something for everyone, and is a great attraction to buyers from other areas. As it stands, approximately 2/3 of Myrtle Beach properties are owned by investors and people not permanently residing in Myrtle Beach.

What’s even better is that the changes in the economy have caused prices in the Myrtle Beach area to become quite reasonable, yet again. Whether you are in the market for a second home, a rental property to bring in additional income, or are planning to relocate, Beach Realty Group can help you. We have many years of experience selling properties in Myrtle Beach and surrounding areas. Be it a condo, a home, land for future plans, or a commercial property for your business plans, we can help. Please contact us at 843-492-0284 to discuss your plans for buying a little of the sunshine here on the Grand Strand.

Myrtle Beach Condos

There are several benefits for buyers interested in purchasing a condo here in Myrtle Beach area. Often times a condo is the best option because it provides a relaxing “get away” on weekends or holidays for individuals who lead busy lives and aren’t able to relocate yet. Purchasing a condo allows them to have a place to relax, without requiring a lot of maintenance on the property. This affords the owner an opportunity to come for a visit and truly focus on relaxing. This brings up another benefit of purchasing a condo as a second home, the potential rental income. Many second home buyers only use their condo a few times a year, which allows them to rent the property generating income to help cover if not completely pay the mortgage on the property. There are numerous condo developments in the Myrtle Beach area, which fall into three main categories: ocean front condos, golf course condos, and other condo developments.

Myrtle Beach Oceanfront Condos are the most popular condo option in the area. Not only do they have a prime location for relaxing and enjoying the beach, but they also generate a nice rental income. The peak season in the Myrtle Beach area starts on Memorial Day weekend and ends on Labor Day weekend. Peak season isn’t the only time renters would be attracted to your property, since snowbirds from the northern U.S. and Canada often visit Myrtle Beach in the winter months and golfers have two yearly seasons in the Spring and the Fall.

Myrtle Beach Golf Course Condos are another popular option for a second home in Myrtle Beach. Many avid golfers purchase a golf course condo as a second home in the area, providing themselves with easy access to the sport. Golf course condos are famous for offering the sport of golf, but also the beautiful scenery makes it easily appealing to all types of buyers. Did I mention that each year in the Myrtle Beach area approximately 3.5 million rounds of golf are played? This is another example of possible rental income potential for buyers looking to offset some of the mortgage costs.

Other Myrtle Beach Condos include gated communities, Intracoastal Waterway condos, and much more. Often times a buyer can purchase one of these condos as a second home or investments property at a more affordable price. The rental potential still exists in these condos as well, be it long term or short term rentals, which again generates income to offset the mortgage costs.

Myrtle Beach Homes

Whether you’re looking to retire, seeking an investment property, or a second home, the time to buy in Myrtle Beach is now. Properties continue to be much more affordable than they were a few years ago, and with the low interest rates, purchasing a home in the Myrtle Beach area is within reach for many buyers. Many individuals consider buying a property in Myrtle Beach years before retirement and generate rental income to help pay the mortgage on the home long before relocating. With the current state of the economy, many individuals who cannot afford to buy are in need of rental homes. This is a great business opportunity for individuals who are in a position to buy. Myrtle Beach continues to be an area with a lot of new construction homes to choose from and many builders are offering deals on these homes like never before.

Myrtle Beach North End Homes are often times some of the more mature neighborhoods in the Myrtle Beach area. Many of these homes offer mature landscapes and floor plans that differ greatly from their neighbors. Also on the north end of Myrtle Beach prospective buyers can find some of the most prestigious neighborhoods in the area. Grande Dunes, Briarcliffe Acres, Dunes Cove, and Forest Dunes are just a few of the most desired neighborhoods in Myrtle Beach and offer luxurious homes for the ultimate vacation experience. Residents on the north end of Myrtle Beach will find themselves close to Restaurant Row, shopping at Myrtle Beach Mall and Tanger Outlet, shows at the Dixie Stampede and the Carolina Opry, and much more.

Myrtle Beach South End Homes are of a wide variety as well. Interested buyers will find mature neighborhoods and new construction in a wide variety of styles and sizes. Market Common is one of the most desired planned communities with onsite shopping, dining, and nightlife, where many of the homes have sold quickly. Interested buyers can still choose from numerous beachfront homes as well as gated and more mature communities a short drive from the beach. Brittany Park, Green Lakes, LongLeaf Place, and Pelican Harbor are just a few of the numerous communities to chose from on the south end of Myrtle Beach. Residents of this section of Myrtle Beach will find themselves near the Myrtle Beach State Park, Broadway at the Beach, the Coastal Grand Mall, the Palace Theatre, and numerous local restaurants.

Myrtle Beach West Homes are also of a wide variety and can be found in the Socastee area community and surrounding areas. Homes in west Myrtle Beach can often be more affordable but still within a short drive to the beach. Homeowners in this area will not be subject to the slightly higher city taxes and still have restaurants and shopping near their homes. The Intracoastal Waterway runs through some of the west Myrtle Beach areas, and many homeowners chose this area because of the access to the Waterway.

Distressed Properties

Like the rest of the nation, distressed properties in the Myrtle Beach area, increased from 2009 to 2010. This provides a wonderful opportunity for individuals looking for an investment property in the Myrtle Beach area. An increase in distressed properties in the area translates to an increase in great real estate buys for investors. Two of the types of distressed properties we can help you purchase are:

Foreclosures: Foreclosures are properties owned by the bank, and often times are easier to negotiate with than short sales because they already have ownership of the property and are looking to get rid of the property. Myrtle Beach and surrounding areas saw an increase in foreclosure properties last year, the final count of foreclosures coming in just below 4000 properties in 2010. Investors will have no difficult time finding foreclosure properties to choose from in Myrtle Beach.

Short Sales: The name short sale can be slightly misleading in that it does not necessarily mean a short time frame for the closing period when negotiating the property sale. Short sales can take several months but are a perfect investment opportunity for buyers who are not working around any specific time constraints. In summary, a short sale is a property where the current homeowner owes more on the property than it is currently worth. As there was an increase in the number of short sales in 2010 from 2009, buyers will find a variety of homes to choose from within a reasonable price range.