Myrtle Beach Boardwalk - Myrtle Beach Condos For Sale on the Boardwalk
The ground was broken for a new boardwalk in Myrtle Beach on Tuesday September 8,2009.
The crowd gathered and watched the city council, engineers and planners in a symbolic groundbreaking with plastic shovels and sand pails.
The boardwalk has been in the works since 2004, before the Pavilion amusement park was torn down in 2007. People saw that Pavilion amusement park as the centerpiece of downtown Myrtle Beach, and the area of town that drew the visitors. The city of Myrtle Beach wants to return that area into the new destination for the family vacation.
This summer the Oceanfront Merchants' Association has been working on its "Hot Summer Nights" events like the free concerts, fireworks shows and children's carnival has been pushing the boardwalk
The mile long walkway between First and 14th avenues north will be constructed for about $6 million dollars. The New Myrtle Beach Boardwalk is scheduled to be finished in time for the 2010 summer season.
When you arrive at the Myrtle Beach Boardwalk, you realize you're on vacation. You'll hear the sounds, sites and smell of the Beach! The carnival like atmosphere is simply contagious, and you can't help but feel like you're going to have a good time.
The Myrtle Beach Boardwalk offers everything from oceanfront restaurants, shops, arcades, night life, gift shops, lodging, and not to mention everyone's favorite ice cream shops.
That's not to mention the Myrtle Beach oceanfront condos for sale. With oceanfront fantastic views overlooking the new boardwalk, beach and ocean, you be located in the heart of Myrtle Beach. Right now is a great time to get in on the ground floor. Many established condos for sale, as well as new condos for sale, could be ready to appreciate with the new boardwalk being built. The Myrtle Beach Condo Expert invites you to explore the many oceanfront resort condominium properties, Myrtle Beach foreclosure condos, and golf condos. Whether new construction, or resales, we're sure you'll find the perfect oceanfront condo for your vacation home.
Jerry Pinkas Home Selling Team - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call (843) 222-1926; Put our team to work for you today.
Foreclosures in the State of South Carolina from July to August 2009 was up 1.94%, compared with the national decrease of less than 1%. These numbers are more than 78% higher than one year ago.
The August 2009 U.S. Foreclosure Market Report has South Carolina at 2,475 distressed properties in some state of default in August, compared to 2,428 in July. These figures are for all properties in the foreclosure process, including default notices.
Horry county with includes Myrtle Beach, North Myrtle Beach, Surfside Beach, Garden City, and the Coastal Grand Strand, posted 146 foreclosures.
On the national scene, Nevada, Florida and California are listed as the top state foreclosure rates for August. Those states have led the downturn in the housing market since the recession began. One out of every 62 housing units in Nevada was in some state of default. In South Carolina, one out of every 817 homes, which means fewer homes are in trouble in the South Carolina.
We have a current window of opportunity. It is a great time to buy! The deal of the decade happens about once a week! To get your piece of the action and to get the inside track on the Myrtle Beach Real Estate Market
Sign up for VIP Foreclosure Listing alerts ----> http://www.BuyBankOwnedMyrtleBeach.com/
Myrtle Beach Condo Expert helps you find Myrtle Beach, SC foreclosures and make well informed real estate decisions in the process.
Jerry Pinkas Home Selling Team - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google Us, or call (843) 222-1926; Put our team to work for you today.
.
Myrtle Beach Real Estate Market Trends - Myrtle Beach Foreclosures
There are a total of 19468 properties currently listed for sale on the Grand Strand
Total Properties Listed: 19,468
Month-Over-Month Change: - 1%
Average Month-Over-Month Price Change: - 1%
August 2009
6590 total Condos listed for sale on the entire Grand Strand
1104 - One bedroom units listed for sale. The lowest priced unit is asking $24,900, with a median price of $129,900, and the highest priced one bedroom unit is $375,000.
6590 - Two bedroom condo units listed for sale. The lowest priced unit is asking $39,900, with a median price of $161,900, and the highest priced two bedroom condo unit is $1,575,000.
2120 - Three bedroom condo units listed for sale. The lowest priced unit is asking $54,900, with a median price of $246,132, and the highest priced two bedroom condo unit is $2,100,000.
6288 total Homes listed for sale on the entire Grand Strand
3612 -Three bedroom homes listed for sale. The lowest priced unit is manufactured home with land asking $39,900, with a median price of $199,000, and the highest priced two bedroom condo unit is $5,000,000.
1604 - Four bedroom homes listed for sale. The lowest priced unit is manufactured home with land asking $39,900, with a median price of $369,000, and the highest priced two bedroom condo unit is $5,999,000.
For the inside track on the Myrtle Beach Real Estate Market,
Sign up for VIP Foreclosure Listing alerts ----> http://www.BuyBankOwnedMyrtleBeach.com/
Myrtle Beach Condo Expert helps you find Myrtle Beach, SC foreclosures and make well informed real estate decisions in the process.
Jerry Pinkas Home Selling Team - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google Us, or call (843) 222-1926; Put our team to work for you today.
Why buy a Foreclosure?
Foreclosures are a fantastic way for buyers to find properties at below market value. It is a good tool for people looking to invest in real estate, and to get a great deal.
If you are going to make an investment and purchase Myrtle Beach Foreclosures, you will want to become familiar with some of the terms used to describe and categorize properties in foreclosure.
In general, the foreclosure process starts when the owner or the borrower, defaults on the loan payments. (Usually these are mortgage payments, tax payments or home owner's association payments) The lender files a public default notice, called a Notice of Default or Lis Pendens. The foreclosure process can end in one of four ways:
•1. The borrower/owner reinstates the loan by paying off the default amount to during a grace period. This grace period is also known as pre-foreclosure.
•2. The borrower/owner sells the property to a third party during the pre-foreclosure period. This is known as a Short Sale or Pre Foreclosure Sale. Usually this will require third party approval (the bank or lender) to agree and write off the loss. The Short Sales allows the borrower/owner to pay off the loan and avoid having a foreclosure on his or her credit history.
•3. A third party buys the property at the end of the pre-foreclosure period.
•4. The lender takes ownership of the property, usually with the intent to re-sell it on the open market. The lender can take ownership either through an agreement with the borrower/owner during pre-foreclosure (deed in lue of foreclosure) or by buying back the property. These are also known as bank-owned or REO properties (Real Estate Owned by the lender).
Buying a foreclosure is not like buying a traditional piece of property. It all depends on what part of the foreclosure process you make your purchase. You'll want to consider things like tax liens, transfer fees, and home owner association liens.
The best way to maximize your buy is to work with a buyer's agent that is skilled in the process of Foreclosures. A buyer's agent will work for you, in your best interest in all relevant areas of the transaction and can save you a lot of time aggravation and money. There isn't any cost to hiring a good buyer's agent that has the up to date information needed, and knows the market place.
You will also want to get your resources ready. That means if you are paying cash, have your paperwork in order to prove where your funds are coming from for the purchase. If you are financing your foreclosure purchase, you will want to get a letter of credit form an approved lender that is verified and can close your loan in that particular area. The last thing you want is to find the perfect property only to lose it to someone else bidding that has all there ducks in a row. You will also want to consider that just because you found the perfect deal, others may also think they have found the perfect deal. You may have competition as many foreclosure properties are now receiving multiple offers at the same time. Get your paperwork in order before making and offer so you can get the upper hand on negotiation.
A great tool in the Myrtle Beach Foreclosure Search is to sign up for VIP Foreclosure Listing alerts at --à http://www.homeguidemyrtlebeach.com/ You will get the upper hand on any new foreclosure listings before they hit the market and get a jump start on your bidding competition.
As with any Real Estate investment, it takes time and skill to put together a deal that will meet all of your criteria. If you know what you are looking for, and put the tools in place, you can have a successful and smooth purchase. It's a great time to buy! Some great deals are currently being made. Isn't it time for you to get the deal of the decade!
Jerry Pinkas Home Selling Team - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google Us, or call (843) 222-1926; Put our team to work for you today.
Myrtle Beach Market Trends - Myrtle Beach Foreclosures
1 in every 9,054 housing units received a foreclosure filing in July 2009
For the Month of July a total of 137 New foreclosure activity
Foreclosure activity counts per Myrtle Beach Area zip code
29577 - 45
29579 - 36
29588 - 21
29572 - 21
29575 - 14
The estimated Median Home value for July 2009 is $175,824 based on total of 52,704 homes
Geographical Comparison of Myrtle beach to the national average The National Average of the foreclosure rate is at .28% percentage of units by the entire country the Myrtle Beach average of the foreclosure rate is at .18% percentage of units by the area
National Top 5 Foreclosure Rate Ranking by City for July
1) Winchester , CA - 1 in every 11 housing units received a foreclosure filing in July 2009
2) Tolleson, AZ - 1 in every 11 housing units received a foreclosure filing in July 2009
3) Elgin, OH - 1 in every 12 housing units received a foreclosure filing in July 2009
4) Mount Hamilton, CA -1 in every 12 housing units received a foreclosure filing in July 2009
5) Bellemont, AZ - 1 in every 13 housing units received a foreclosure filing in July 2009
4454) Myrtle Beach, SC - 1 in every 9,054 housing units received a foreclosure filing in July 2009
How can you profit from the $700 billion bailout?
How can you approach and negotiate foreclosures the RIGHT way?
Methods for creating equity in a property How to SUCCESSFULLY negotiate short sales with the bank PLUS insider strategies and techniques from the MOST EFFICIENT foreclosure expert in the Myrtle Beach Area.
For the inside track on the Myrtle Beach Real Estate Market, Sign up for VIP Foreclosure Listing alerts ----> http://www.BuyBankOwnedMyrtleBeach.com/
Myrtle Beach Condo Expert helps you find Myrtle Beach, SC foreclosures and make well informed real estate decisions in the process.
Jerry Pinkas Home Selling Team - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google Us, or call (843) 222-1926; Put our team to work for you today.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved