Tag Archives: Myrtle Beach Realtor

Exciting Things In Store For Myrtle Beach

Myrtle Beach Real Estate

Myrtle Beach Real Estate

Myrtle Beach is already a pretty exciting place. With fantastic beaches and some of the country’s most amazing condo developments, Myrtle Beach combines great living with perfect scenery and amenities. Well get ready for another addition to the Myrtle Beach picture that will add a musical note to the city. In the Spring of 2008 The Hard Rock Park is set to open in Myrtle Beach. This is planned to be the world’s first rock ‘n roll theme park and will cover more than 140 acres and is the first major U.S. attraction to be constructed in the last decade. This is directed at bringing even more of a tourist trade to South Carolina.

The new park plans on having more than 40 attractions to engage visitors with, including roller coasters and live music stages. Also featured will be children’s areas, cafe’s and stores. Needless to say that people in Myrtle Beach are excited about this development as it stands to give Myrtle Beach more of a destination drawing feature. The park is looking to incorporate six different areas that are each dedicated to a different aspect of rock music. These will include the entry plaza, rock ‘n Roll Heaven, British Invasion, Lost in the 70’s, Born in the U.S.A. and Cool Country. These areas will cover the many different types and styles of music that has helped to define us as a culture.

This theme park is going to bode well for real estate in Myrtle Beach. With a major attraction now in close proximity it is taking up the same kind of reputation as areas like Orlando with the bonus that it lies right on the beach. There are going to be some really interesting things going on in Myrtle Beach in the coming year, it will be interesting to see what effect the theme park has on the town and on popularity of housing and condos. If history is any indication it will cause a boom in the Myrtle Beach housing industry. There truly are some exciting times ahead for Myrtle Beach, get in on things now while it is still possible! Before long this may be a difficult area to get into.

Preston Guyton is a professional Realtor® serving the Myrtle Beach real estate market. For more information on Myrtle Beach homes & properties, contact Preston today or visit http://www.prestonguyton.com

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Myrtle Beach Cabana District

Myrtle Beach Cabana District

Myrtle Beach Cabana District

Imagine an exclusive beachfront home, only steps from the water for under $80,000! That’s what you’ll find in the cabana district in Myrtle Beach. About a dozen of these 200 square foot beach structures line the shore in this Ocean Boulevard area.

The cabanas have questionable origins; some believe they originally belonged to beach homes across the street that have since been destroyed and replaced with condos. Others say the structures belonged to the Ocean Forest Hotel that stood from 1930 to 1974, and later offered for sale after the hotel was torn down.

In any event these small buildings are among the hottest pieces of real estate in town; only two have come on the market in the last seven years. Generally local realtors maintain lists of prospective buyers, and if a unit or lot becomes available it usually sells within 30 minutes.

Myrtle Beach native, Steve Bailey, purchased his cabana lot after a five minute phone call with his real estate agent. Apparently the building codes were extremely restrictive, requiring numerous permits, installation of a septic system, and underground utility lines. He can’t have a driveway, park on his property, step on the dunes, touch the sea oats or move any of the sand on the lot. Bailey claimed that building the cabana had more restrictions than building a house, but it was worth the effort.

Most residents don’t bother with insurance, as the costs are so high, it’s cheaper to rebuild. However, don’t be fooled, these beach huts may be small, but they’re mighty. One in particular, owned by Kevin Warren and Dean Carroll, is estimated at over 20 years of age. Its solid structure has survived annual hurricanes for years.

Rod Scarborough, a retired bank executive, spent five years trying to obtain his $78,000 piece of the beach located from a 40-foot setback to the high tide mark. His beach home is in use frequently, with an open door policy extended to his friends and family.

These cherished little beach huts have provided an exclusive getaway that only a fortunate few have been able to acquire. Hopefully they will remain for years to come, handed down as heirlooms from generation to generation.

This article was submitted for Preston Guyton, professional Realtor in the Myrtle Beach real estate market. He can provide information and listings for all the neighboring areas including Garden City real estate

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Tips In Real Estate – Short Sales Explained

Real Estate Tips

Real Estate Tips

One thing that buyers may come across in their search for a new home is the short sale. A short sale is a situation where the previous mortgage home owners have been foreclosed on and now the financial lender is looking to cut their losses and sell the home quickly and usually for less than it is worth. Basically you are trying to turn a bad situation into something that all sides can be happy with.

Arranging a short sale can be complex thing usually involving a lot of negotiation with the lender. You will be working with a certain department of the bank that’s sole purpose is to deal with loans that have gone into default. In a short sale you will have to convince the bank that there is not enough equity in the property for the current owners to get out of their debt and that their best course of action is to sell the home and cut their losses.

The bank has already taken their chance and lost out of not only the interest that they would be collecting but the property now becomes a drain on them costing them money every day that they possess the property. This is where the smart investor comes in and offers to take the property off their hands so that they can get on with business. In this kind of investment more than any other in real estate, an investor needs to know their business. Dealing with banks and lenders when THEIR profits are concerned is quite different than applying for a loan. You are now talking about their money and as such you have entered a completely different world.

In their ideal situation the original owner would be able to find a way to pay them the owed mortgage and get back onto their payment schedule, allowing the bank to start making money off the property again. Once this possibility is ruled out it then becomes a matter of the bank trying to recoup their losses and if you can make them an offer that makes sense to both you and them then you may just be able to arrange yourself a great deal on a home for less than what it is worth. This kind of property is tailor made for a home flipping situation as with time on your side, you should be able to fix up and resell the home for an excellent profit.

Preston Guyton is a professional Realtor® serving the Myrtle Beach real estate market. For more information on Myrtle Beach homes & properties, contact Preston today or visit http://www.prestonguyton.com

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Finding The Right Home – Myrtle Beach

Myrtle Beach Real Estate

Myrtle Beach Real Estate

I know what you are going to say, “In Myrtle Beach all the home are right!” While it is true that this area is like a home showcase a buyer will still have to make a choice of the home they they are to purchase. People that come to Myrtle Beach are immediately struck by the scenery, beaches and stunning homes. In fact there are some of the country’s most amazing and valuable homes located in Myrtle Beach and if you have pockets deep enough then you could find an amazing estate with a price tag between $4 and $6 million with little trouble at all. Of course there are many more reasonably priced options that will appeal to the rest of us who are not jet-setters or royalty.

While the Myrtle Beach area is definitely known for it’s luxury homes, it is also known across the country for the high quality of all homes and the relaxing and laid back lifestyle that seems to be woven into the very fabric of society here. With miles of scenic beach and even more brilliant green golf courses threading their way amongst the community it is hard to imagine a more serene location. Myrtle Beach has also become extremely well known for the proliferation of stunning beach-front condo developments that feature elite amenities and views that are so impressive that it is nearly impossible to describe them in words.

Myrtle Beach is one of those special places that needs to be seen to be believed. This is especially true of some of the homes that populate this area. Truly some of the homes are mind-blowing in both size and luxury. Aside from the homes, there is simply so many different things to do in the Myrtle Beach area that one may have trouble deciding what to do first. Whether your tastes lean more towards a round of golf at one of the local top-rated golf courses, swimming, surfing, fishing or just taking a relaxing stroll along the famous beach; there will never be a shortage of interesting things for one to do here. Dream homes are a few steps closer in Myrtle Beach than one may think, Many of the homes feature easy beach access and great social programs. Myrtle Beach really does offer the whole package to potential buyers and investors alike.

Preston Guyton is a professional Realtor® serving the Myrtle Beach real estate market. For more information on Myrtle Beach homes & properties, contact Preston today or visit http://www.prestonguyton.com

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Revitalizing the Myrtle Beach Area

Home in Myrtle Beach

Buying Home in Myrtle Beach

For many years Myrtle Beach has been one of the premier tourist locations along the eastern seaboard. A stunning city set against a beautiful beach. this area has attracted millions and inspired even more. However, as residents know, the downtown area of Myrtle Beach has had difficulty keeping pace with the increased tourist trade and the needs and demands of that vital industry. With the focus firmly placed outside of the city proper, the need has arisen to revitalize Myrtle Beach’s downtown area and the city has risen to the occasion!

The plan to improve the historic and charming city is founded upon a few notable areas and defined values that have made this city one of the most popular areas in the Eastern U.S. At the center of the revitalization plan is the Grand Strand. Myrtle Beach sits in the nexus of this noted string of beaches and is one of the major attraction points in the area. The city has defined 5 different districts each with a set of development and improvement goals. The Entry District, The North Entertainment District, The Central Amusement District, The South Mixed-Use District, and The Beach District.

Each of these 5 areas will be woven into the fabric that is the new Myrtle Beach. What does this mean for the real estate industry? Opportunity! This development call for a variety of housing options to be constructed and that translated into excellent real estate investment and purchase opportunities. There are exciting things happening in the near future in Myrtle Beach and with the existing culture and scenery it is essentially going to make an already amazing package even more irresistible. This also means a dramatic increase in services and amenities for current residents Along with residential development there will also be an infusion of new commerce and business designed to keep pace with the surging popularity of Myrtle Beach and to provide top-notch and exciting services on a year round basis. Keep looking to Myrtle Beach for exciting developments as this area is renowned for amazing waterfront properties and condos, and there are more going up all the time.

Preston Guyton is a professional Realtor® serving the Myrtle Beach real estate market. For more information on Myrtle Beach homes & properties, contact Preston today or visit http://www.prestonguyton.com

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Investing – Starting With A Good Foundation

Invest In Real Estate

Invest In Real Estate

The world of investing in real estate is simply a highly lucrative one. With more people making more money on real estate than ever before, everyone wants to try their hand at making the big bucks. However, so many people jump into this world without proper preparation and find themselves floundering and not being able to afford the upkeep of their properties. As with any form of investment the first thing you need before making a run at it is a good, solid foundation and the knowledge of what is going to work and what isn’t. It’s kind of like buying stocks blindly. you would not dream of buying stocks without first researching them and the companies. find out what they stand for and how they have performed over time. The same holds true with real estate.

There is really no point in investing in something if you don’t know what you want from it and what hurdles you have to jump along the way. Investing in real estate is a bit more difficult than simply mortgaging or purchasing a property and renting it out or flipping it. Television is a main culprit in the mindset that investing is just that simple. What you don’t see on those investing shows is all the legwork and planning that go into a typical purchase. Trust me, there is a lot more that goes into an investment than can be covered in 1 hour minus commercials.

Investing is all about having a game plan with failsafe’s built right in. Let’s look at a couple of things that you may want to consider in making a real estate investment.

Location – This is incredibly important. If you are planning on making a long-term investment then you will be looking for an area that offers a lot to residents. Areas with schools, shopping centers, recreation facilities etc. It is more difficult to rent a home in the boonies than it is to rent a home in an urban area. If flipping a home is your plan then look for areas that are hot. New developments, condos and town homes are great places to look for this kind of thing. Talk to your realtor and find out which area of the city is selling fast, that is the kind of area you want for a flip.

Cleanliness- The key factor of almost any real estate transaction. Nobody wants to rent or buy a dirty home. renting will be dependant on keeping the property in good condition for some time so as to be appealing to renters. Also being attentive to the needs of said renters is important. An ignorant or careless landlord attracts tenants of the same caliber. Bad tenants can be a nightmare that no landlord wants to deal with so be sure to get to know people before they rent your property.

Finances – An investment should never have the ability to break you financially. This is where the failsafe’s come in. Make sure you have the funds to look after the property if you cannot immediately find renters or if the home take longer than anticipated to sell. If you build yourself a financial buffer then you can be properly insulated from taking a loss if things do not go according to plan.

Invest smart and don’t rush into things. You are making a big play for your financial future so it is not something to be taken lightly. Make sure you make the right decisions and always be prepared in case you make a mistake.

Preston Guyton is a professional Realtor® serving the Myrtle Beach real estate market. For more information on Myrtle Beach homes & properties, contact Preston today or visit http://www.prestonguyton.com.

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Buying A Second Home in Myrtle Beach

Home in Myrtle Beach

Buying Home in Myrtle Beach

In an age where investment is possibly the most secure investment available, the process of trying to identify the perfect area in which to invest has become more and more important. There are certain areas in this country that have become synonymous with real estate fortunes, Florida, California, Las Vegas to name a few. But as these markets become more and more saturated, smart investors are looking to other areas as they have seen the focus switching away from these overloaded markets.

As the focus has moved away from these markets there are a few different areas that have started to emerge as areas of potential growth. One such area is Myrtle Beach. Myrtle Beach is an extremely popular resort destination and along with such a designation comes the opportunity for real estate investment. Like many other destination areas, Myrtle Beach has a booming vacation rentals industry that is only showing signs of growth in past years. This has presented a great chance for real estate investors to get in on the ground floor of this booming area.

If vacation rentals are not to your liking and you prefer the stability of long-term renters then you need not worry as Myrtle Beach is also a great place to live and work. The solid industrial core and diverse economy have created a environment of economic growth and prosperity that bodes well for the future of this area. There is also a great system of education here that includes both public and private schooling and a variety of post-educational options including Webster University.

The future is looking bright for Myrtle Beach. With a thriving vacation industry and the emergence of a strong business sector, this area will continue to see growth for many years to come. This is a great time to invest in Myrtle Beach as getting in on real estate in this area will show a great ROI no matter what vein of real estate you choose to place your money in.

Preston Guyton is a professional Realtor® serving the Myrtle Beach real estate market. For more information on Myrtle Beach homes & properties, contact Preston today or visit http://www.prestonguyton.com

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