October 2014 Myrtle Beach Real Estate Market

Greg Harrelson - C21 The Harrelson Group

Let me start by saying, "Happy New Year!"

I am excited about what 2015 has in store for those that own real estate in the area as well as those future owners that are coming down to make a purchase.

I don’t want to waste your time with small talk, so let me share some important information that all property owners need to understand.

Three Important Topics Every Owner Needs To Know:

1) If you are thinking of APPEALING your Property Tax Value then you need to get into action RIGHT NOW.

Please click here: Horry County Property Tax Appeal Submission Deadline. You will notice that you have very little time to submit your appeal. A lot of people have appealed and reduced their property tax expense. Let us know how we can help you.

2) For those of you that did a Short Sale or know someone that did a short sale in 2014, it is important to know that they extended the Mortgage Debt Relief Act and that most sellers will not have to deal with paying taxes on the debt that was forgiven in the short sale.

If you want to know more about the importance of the Mortgage Debt Relief Act, then please click here to read the full article. This is great news for those that found themselves upside down on their mortgage. 

3) The real estate market along the Grand Strand is very active. The month of December was extremely busy with buyers calling to set up appointments for Jan, Feb and March. This week alone, we have had multiple sales and it is only Thursday.

A lot of owners are taking advantage of the appreciation that we have had in our market, as well as wanting to sell while the interest rates are so low for the buyers. This is the perfect market for sellers because the low interest rates allow the buyer to buy at a higher price and keep their payments fairly low.

If you are thinking of selling in 2015, I urge you to start early in the year. Those that list their property now will have less competition on the market.

Remember, you always want to sell when there is low supply and you want to buy when there is high supply. Low supply equals higher price and high supply means lower price.

Please contact us if you are thinking of selling in 2015. We are not going to try to convince you to sell now; we just want to give you some information that will help you make informed decisions.