Greg Harrelson - Myrtle Beach Real Estate

SkyWheel Creates Buzz for Myrtle Beach Real Estate

In 2006, the Myrtle Beach real estate market fell to a slump when the Pavilion, then the most popular landmark amusement park in the area, shut down. This month, Myrtle Beach realtors are positive that the local property market would get a jolt from the opening of the $12 million SkyWheel.

The Myrtle Beach Downtown Redevelopment Corp welcomes this development. But it says it is not hinging all its hopes on this 200-foot-tall riding attraction. The SkyWheel is expected to draw more people downtown. It is also set to prompt more property owners and Myrtle Beach realtors to take their turns on sprucing up their own properties. The new landmark would give the downtown a brand new iconic feature that would certainly help in restoration of the area as a tourist magnet.

Downtown is said to be taking back its rightful place as among the most popular to tourists and real estate buyers. SkyWheel would help the area re-establish itself as a major area to explore in the Grand Strand. As a result, demand for Myrtle Beach homes for sale, condos, and luxury houses is expected to further gain from the opening and inauguration of the new landmark.

The SkyWheel would give tourists another tempting reason to drop by the area. In turn, more potential investors would take a look at the blooming Myrtle Beach real estate market. This new attraction features 42 gondolas, each with optimum temperature control for a more comfortable ride. The ride would facilitate a new and outstanding view of the entire city. Every ride would cost about $12 per adult and would go around by up to three times.

Myrtle Beach realtors and development authorities are raving that this early, SkyWheel is already creating a much needed buzz for the whole downtown. Myrtle Beach real estate is expected to further make its available properties more attractive in line with this new attraction.

How does North Myrtle Beach real estate compare to real estate in Myrtle Beach?

As a Myrtle Beach realtor, I get this all of the time from buyers looking to purchase a home or condo along the Grand Strand. The fact of the matter is that both communitites have alot to offer. Existing owners tell me that they bought a North Myrtle Beach home because they felt that there was less traffic than Myrtle Beach while another owner says they love Myrtle Beach because there is more to do.

If you are comparing the beaches alone, you will see that North Myrtle Beach has a smaller town feel. Of course, there is nothing small about North Myrtle Beach yet you will find more beach houses and cottages here then you will in Myrtle Beach. Myrtle Beach will have more condos.

If you are looking for condo ownership then you may want a piece of Myrtle Beach real estate. You can find a great condo on the ocean in places like the Anderson Ocean Club, Island Vista or Oceans One. These Myrtle Beach condos are considered to be affordable as well as equipped with luxury.

If you want North Myrtle Beach real estate then you can consider Prince Resort, The Avista Resort or North Beach Plantation...this is also a great mix of affordable condos and luxury feel.

As for North Myrtle Beach residential communitites, you must look at the Barefoot Resort as well as Tidewater, River Hills and the popular Tilghman Estates.

As for a nice gated community in Myrtle Beach, check out the homes in the Prestwick Country Club.

Be assured, no matter where you choose, you will be hapoy to live near the beach and that is something both communitites have to offer. If you are considering a move to the area then it is best to learn about both communities before you make a choice. At the end of the day, nobody but you can determine which one is better.

List a home for sale Myrtle Beach - Five Secrets to listing your home for sale in Myrtle Beach

I receive at least one call every week from a property owner in Myrtle Beach wanting to know what it will take to get a piece of real estate to sell. Of course, most real estate agents will immediately want to lower the sellers price in order to make a quick sale without much work. This works for the agent in acquiring a commission check yet has does major damage to the financial picture of the seller.

Myrtle Beach has had it's share of bad luck in terms of declining values yet there are a few success stories around the market. The key to getting a listing sold in Myrtle Beach has more to do with an aggressive marketing strategy than it does with price.

With that said, here are the top five things you or your Myrtle Beach realtor must do in order to realize success in today's real estate market.

1. Price it fair...don't give it away yet be realistic. Look at the comparable and act as if you were a buyer. If you wouldn't buy it at your price then neither will they.

2. Stop messing around with real estate agents that have no proven results. There are agents in Myrtle Beach selling 70 plus properties a year. Why mess with agents that work full time yet only deliver part time results?

3. Ask your real estate agent for a written marketing plan. A successful agent has a plan. Would you want your financial advisor shooting from the hip ornwould you want to know his plan?

4. Demand communication. Stop waiting for months to get feedback from your agent. Feedback is critical in today's changing market.

5. If it isn't working...make a change.

As a Myrtle Beach realtor, I list and sell homes everyday. I will help over 100 fa ivies buy or sell this year and each of them have followed the above points. I know it seems simple yet simple works.

Greg Harrelson

Myrtle Beach Property Values have dipped again

The worse story a Myrtle Beach realtor has to share today is that the prices of Myrtle Beach real estate has dipped again. The summer of 2011 has been very active and we have had our fingers crossed that we were about to make our turn to recovery. Of course, Myrtle Beach property values are not declining at the pace we have seen in the recent past yet no one can deny that we a still having a tough time.

When will the Myrtle Beach real estate market rebound?

This is the million dollar question that can be easily answered by what we were taught in Economics class. The property values in Myrtle Beach will rebound after the supply and demand curve makes a positive shift. When the demand is a bit greater than the supply, we will see a change...until then...we will continue to sit dormant.

As for the demand, Myrtle Beach real estate remains popular. The challenge is that a lot of supply was built in the last 7 years creating more properties than we currently need. The average owner of property in Myrtle Beach owned more than one condo creating a challenge because many owners are saying one is enough and they are wanting to sell the other. This all impacts the supply.

What is the future of Myrtle beach property values?

If you are interesting in owning a piece of real estate anywhere in America, is is the time. As for Myrtle Beach real estate values, we will never see them this deeply discounted again. Personally, this real estate market resembles the stock market crash in 2008. At that time, you could find quality blue chip stocks at deeply discounted prices. Today is just like that time for Myrtle Beach property values...you can find deeply discounted condos in Myrtle Beach which are considered the 'blue chip' properties. For example, you can purchase a condo for sale in the Anderson Ocean Club for $300,000 that was originally sold for over $700,000

If you are going to buy Myrtle Beach real estate then now is a time to make a move. I'm not selling fantasy here...I am talking about real value.

So, Myrtle Beach property values are down...not good for those who purchased high yet the golden opportunity for those looking to buy low.

When looking in the local MLS, it becomes obvious that investors are paying attention to Myrtle Beach Short Sales. It wasn't long ago when buyers would do everything the could to avoid purchasing a short sale listing. There were complaints about the banks taking too much time to approve the short sale. Most recently, banks have improved their systems and communication channels making the short sale process easier then ever.

Don't get me wrong, the short sale process is not as simple as a traditional real estate transaction yet considering the deal you are getting, it may be worth the wait. I have seen Myrtle Beach Short Sales closing at prices that were very low making it a fantastic deal for the long term investor. Myrtle Beach investors are having a field day with all of the underpriced homes and condos for sale in Myrtle Beach.

If you are an investor in Myrtle Beach real estate, now is the time to make your move. One day in the future, investors will be looking back and saying, "I'm glad I made that investment" or "I wish I would have made that investment". What statement will you make in the future?

The key to buying a short sale in Myrtle Beach is making sure that you are being represented by a short sale expert. Many Myrtle Beach realtors will claim they know how to handle a short sale properly yet don't take their word for it...ask to see their sales reports so you can determine if they have enough experience.

At Century 21 The Harrelson Group, we will close nearly 200 short sale transactions in Myrtle Beach. Let us guide you through tthe transaction to keep you from making a critical mistake.