The Wall Street Journal recognizes that Hilton Head Real Estate is attracting second home buyers again. The Wall Street Journal recently printed the article “Vacation Homes: Why It May Be Time To Buy.”  It states that the luxury segment is picking up even though in many regions prices are still unstable.  Many brokers in the luxury home market are reporting more inquiries than in the past two years. Hilton Head Island was grouped with other resort communities like The Hamptons, Palm Beach and Aspen as a stabilizing market that is attracting second homebuyers again. It also goes on to state "The Blue Chip market consists of a handful of spots where prices have stabilized and could soon rebound as sales pick up.  Some, such as Hilton Head, have benefited from tough restrictions on building, which kept inventories manageable during the bust. Prices there have risen 4% during the last year."

It also stated “Five years after housing's peak, markets that once were out of sight even for well-heeled buyers are now in range. On Hilton Head Island, S.C., a three-bedroom home nestled between the Atlantic Ocean and Calibogue Sound changed hands in April for $750,000, after having sold for $1.2 million in June 2006.”  It is a great time to take advantage of affordable prices. Buyers are taking heed.

According to the National Association of Realtors survey in May, 80% of second homebuyers purchase for consumption reasons (to live in and enjoy).  Hilton Head Real Estate is always a good investment. It is a great time to purchase a second home or rental property and enjoy your investment with your family and friends while it is appreciating. Start your Hilton Head Real Estate search today.

There are many factors to think about when considering purchasing a For Sale by Owner (FSBO) instead of using a Hilton Head REALTOR ®. In today’s market, most people are looking to save money on every transaction. For Sale by Owners or FSBO may sound attractive to purchasers. Purchasers have the mindset that the seller may discount the price since a commission is not being paid. This is usually not the case. FSBO’s are often times overpriced because homeowners don’t have access to do a competitive market analysis that REALTORS ® can offer.  A REALTOR® can get you accurate, complete and relevant information about housing values and the market in general. They have the expertise to interpret the data.

In addition to making sure you get the best value in your real estate purchase, the REALTOR® is also invaluable in helping you through the negotiating process, guiding you in the financing process, helping with any appropriate disclosures, inspections, etc.

A good Hilton Head REALTOR can also expose you to areas, different types of homes you may not have considered and financial options you may not otherwise know about. When purchasing your Hilton Head Island home or villa, take advantage of the knowledge and experience of a Hilton Head Realtor. Call me today to start your real estate search.

As the fourth of July approaches there are a lot of fun celebrations and activities that happen on the Island and as a Hilton Head real estate owner the celebrating doesn't have to end with the holiday!

 

Hilton Head Island real estate is always an appealing purchase. Add the Forbes reasons to purchase real estate now, it just makes good sense. According to a recent article by Forbes, the next few months may be the best time to buy. Waiting for both the housing prices AND interest rates to fall may not be a good strategy for potential buyers since analysts don’t expect any significant declines in these two most important home buying factors.  Some of the most noteworthy reasons:

1)      Lowest Housing Prices in Years!  Nobody really knows when the housing market will hit bottom, but the prices are at their lowest levels in years. You can gamble that they may go lower (and they might), But while you are waiting, you are missing out on a lot of good times that can be had with your Hilton Head real estate. Is it worth the gamble to wait?

According to data released by the S.C Realtors Association, Hilton Head Island Real Estate is on pace through the first four months of the year to meet or exceed 2010 sales. 855 Hilton Head homes and Hilton Head villas sold through April of this year as compared to 793 this time last year. These statistics are showing a continuous trend with last year’s 16.1% increase in total Hilton Head Real Estate sales.

Over the years Hilton Head Island has developed into a vibrant resort and retirement community with a remarkable range of amenities for everyone to enjoy along with a good mix of people from all over the country and around the world. Historically in past recessions, Hilton Head Island is an area that bounces back first. With the recently released data about the continued increase in Hilton Head real estate sales, hopefully this recession is no exception. Take a few minutes to check out the inventory on Hilton Head Island and Hilton Head foreclosures that are still available (before it is all gone)!