Greg Harrelson - Myrtle Beach Real Estate

The Myrtle Beach Real Estate Market could be confusing!

Are you prepared to Succeed?

I have had fielded many calls from real estate agents around the country asking me what I felt about the recent volatility on the stock market and how I thought this would impact our real estate market. The fact of the matter is that we cannot predict what will happen with the stock market, the economy or even our local real estate market. I do feel that some buyers will question if they should buy right now due to the confusing economy as well as sellers may not know what to do in the event prices were to go down or demand was to soften. I guess we will all know what happens after it happens.

Since we cannot control the market, then we MUST take control of our own personal real estate business. I predict it is going to be very competitive in our local market for the next few years. I think the trained agents will get more business while others could lose business. In either case, your production and income is controlled by you and how you run your business.

When asked by agents, 'What can I do to grow my business?", I offered the following thoughts...

1. You have no choice but to look at your environment and determine if it is positive, productive and if the focus is on learning. If you are not moving forward then you are likely moving in reverse. You have to take responsibility for your future because the market will have its challenges. Control comes after knowledge.

2. You must understand the needs of the consumer. As the economy shifts, so does the needs of the consumer and it is our responsibility to serve those needs in a fast and professional manner. What is really important to the consumer today...is it a higher price, a faster sale, short term goals, long term goals, debt reduction, risk reduction or something else? Your prospects are looking for solutions...are you the solution?

3. You must be able to gain credibility fast. The consumer does not trust everyone these days. The consumer is looking for real estate professionals who know what they are doing and they are judging it by your past results, your depth of knowledge as well as your companies production levels. They need to know that you are a leader in the local market.

4. Synergy is important. Too many companies consist of a bunch of agents that compete with each other. They don't share important real estate strategies, they don't share ideas on what works and what doesn't and they act as if every agent is for themselves. I know real estate is an individual business yet so much growth can come from brainstorming and sharing success stories as well as failures. I personally believe inner-office competiton hurts everyone.

In a nutshell, if you want to grow your business then it may be time to ask yourself if you can do it based on you current situation.

What do you need to change?
What do you need to learn?

Needeless to say, after I shared these ideas with the people who called, I then had a coaching session for my company to make sure my agents understand and are prepared to succeed no matter what happens in our Myrtle Beach Real Estate market.

I am here to help agents in my local market as well as other markets. If you feel I can ever make a difference for you and your career then please email or call me anytime.

This recent scare in the economy has made it clear that real estate sales could get challenging so I am in extreme coaching mode. With the right mindset and guidance, you can experience growth and success quickly.

Make sure you are prepared to succeed!

Your Myrtle Beach Real Estate coach,

Greg Harrelson
843-457-7816

Why You Should Prefer Myrtle Beach Condos for Sale over Available Homes

Are you considering buying a property in the Myrtle Beach real estate market?

If Myrtle Beach luxury homes are too costly that your budget may not allow you to buy or own those, you may consider finding and purchasing any of available Myrtle Beach condos for sale. There are many advantages of choosing condos over traditional apartments or single-family detached homes.

The usual perception that Myrtle Beach condos for sale are more expensive than Myrtle Beach homes for sale is not true all of the time. In fact, in specific areas within the South Carolina, condos are priced lower compared to single-family detached houses. In such centers, average sales costs of condos are about 40% to 50% lower than costs of detached family homes.

In terms of quality of construction, Myrtle Beach condos of course are generally made more superior than their detached home counterparts. For instance, the so-called ‘paper-thin walls' are not a problem in condos anymore. That is why you could expect not to be disturbed by the noise of your neighbors if you decide to buy any modern Myrtle Beach condos.

And who could neglect the reliable condo owners' associations? You may not take advantage of such organizations if you decide to purchase any of Myrtle Beach homes instead. Such condo owners' associations are usually stricter and more authoritative when it comes to implementing policies concerning homeowners. However, such groups require monthly, quarterly, or annual dues to fund their initiatives.

Lastly, there is a wide variety of Myrtle Beach condos. The locations are also made more strategic to lure more homebuyers and investors. As you consider buying a Myrtle Beach home, try to also consider buying a Myrtle Beach condo.

If you are looking to purchase condo property, come check out our deals on the popular Kingston Plantation Condos we have available!!

Property Market Expert Says Something about the Myrtle Beach Real Estate Market

The national economy has overcome the recent financial crunch. The overall property market is now starting to pick up. One of the markets under close observation today is the Myrtle Beach real estate market. A real estate expert from the Horry-Georgetown Technical College, Thomas Maeser, is sharing some of his own insights about the market.

According to Mr. Maeser, it is a good sign that the number of Myrtle Beach homes for sale is starting to pick up. Myrtle Beach realtors are also obviously regaining their confidence, as evidenced by the current increase in new home constructions in the area. However, the expert warned that the Myrtle Beach real estate market has still a long way to go to get to full recovery.

Mr. Maeser raised concerns about what seems to be a glut of foreclosed and distressed homes across the area. About 66% of the Myrtle Beach real estate market today is comprised of condos. There are now numerous foreclosed condo units that are being offloaded to potential buyers at very reasonable, if not bargain prices. This would pose a longer impact to stability of price tags. Mr. Maeser adds that single family home prices have begun stabilizing, but those could still be pulled down by the presence of cheap foreclosed Myrtle Beach condos for sale.

Lastly, Mr. Maeser thinks that it would take about six months to a year before the problem about foreclosed Myrtle Beach condos for sale could be ended. An increase in overall home sales across the Myrtle Beach real estate market is a positive sign but the overall recovery post recession would not be possibly obtained until prices normalize. Mr. Maeser asserts that townhouses and condos are still in a state of flux in the area.

Another Bayview Resort condo for sale SOLD fast

Bayview Resort condos for sale have had their ups and downs. The Bayview Resort in Myrtle Beach was built during the real estate boom leaving many investors in a bad financial position due to the decline in prices. Some of these condos were originally purchased for over $400,000 and recently sold for $199,000. Obviously, in this case, we have a loser and a winner. Today's buyers are seeing tremendous value throughout the entire Myrtle Beach real estate market as well the Bayview Resort.

At the first of May, I listed a three bedroom condo in Bayview Resort which I received an offer within 72 hours for more than the most recent sale. Selling a condo in Myrtle Beach does not typically happen this fast unless a property is marketed aggressively and the buyers determine value. This can all be accomplished without having to discount the price as long as the listing agent understands the market and where to find qualified buyers.

If you are looking to market a Bayview Resort condo for sale then I would like to discuss a plan that can bring you top dollar in a short period of time. All conversations are strictly confidential and there is never an obligation to use me. In addition, I email a complete market report to the owners in Bayview Resort so if you are interested in getting this update then please send me an email requesting the Bayview Resort Myrtle Beach Market Report.

Greg Harrelson - Bayview Resort Sales Specialist

Myrtle Beach Expireds are on the Decline

Ever since 2005, the number of expired listings in Myrtle Beach has been on the incline. Of course, in 2005 when everyone was looking to invest in real estate, Myrtle Beach expireds did not exist.

An expired listing is a listing where a seller has hired a realtor in hopes that they would market their home or condo and the result would be a sale within a 6 month period of time.The past few years have been challenging for sellers and real estate agents resulting in an increase in the number of listings that failed to sell. When a property is first listed on the MLS, an expiration date is determined by the seller and agent so when a property does not sell by that date then it automatically falls out of the MLS and is considered an expired.

Obviously, no one wants to show up on the daily Myrtle Beach expireds list. So, the question that you must answer is, how do I stay off the expireds list and assure my property gets sold?

5 Tips to get your property sold

- Look at the prices of similar properties and don't follow their lead.

- Demand that your perspective agent hands you a written marketing plan for getting your home sold

- Reevaluate the sales progress of your home every 21 days.

- Require that your agent provide feedback after every showing of your property

- Hire a Myrtle Beach Realtor who has a track record for selling properties that have failed in the past.

Landing on the expired list of Myrtle Beach is not necessary. A bad experience in real estate can usually be avoided by focusing on the credentials of the agents you interview. Do your research, ask the agent what they do to sell homes in Myrtle Beach and demand great communication.

Unfortunately, over 200 properties failed to sell and showed up as a Myrtle Beach expired on May 1st. That is 200 expireds in one day.

If you are in the market to sell a property in the Myrtle Beach area then make sure you do your homework and choose an agent that has a strong marketing plan.

If you have a Myrtle Beach home for sale or a condo along the Grand Strand then I would be happy to share a marketing plan that will get it sold.