Myrtle Beach Real Estate October 2012

Greg Harrelson - Myrtle Beach Realtor

Market News for Fall & Early Winter


A few weeks ago I mentioned that the Myrtle Beach real estate market had stabilized. Since then, we have been able to sell 40 more of our listings. I thought you would be happy to know that some of these properties are similar to yours. It's important that you know about two significant shifts that will take place in the next month in our market. I can already see it happening now.

1. The inventory will shrink because some owners think there are no buyers in Myrtle Beach during the fall and winter. This happens every year which allows those who are selling during this period a chance to sell for a higher price because there is less competition. In addition, the buyers here during this time of year are known to be better qualified financially...Many buy with cash.

Less Supply = Higher Price

2. The days it takes to sell a property in Myrtle Beach will decrease. Again, we are already seeing this with the properties that we have listed and sold recently. In some cases, we are getting a good offer on our listings within the first 14 days of marketing it to the public.

Less Competition = Faster Sale

I reviewed our activity report and was happy to see that over 100 buyers looked at our listings last week alone. That is over 100 physical showings on our listings in only 7 days.

The importance of this message is to make sure you understand that you do not have to wait until next year to sell a property. The summer may be over but the strong selling season will not end anytime soon.

Some of you have already seen the video I made regarding selling a property in Myrtle Beach in the next 60 days that shared some ideas on how to be successful and what things to avoid. If you did not see it then watch the below video about selling this fall and winter. I think you will find the information helpful. As you know, I never attempt to hard sell you in my emails. I just want to make sure that you are current with what is going on in our market at this time.

If you are thinking of selling soon, we need to talk about the following...

  1. Getting you a higher price.
  2. A specific marketing plan for your property.
  3. How long it will take to sell.
  4. How much you will net in your pocket after the sale.
  5. If you are underwater with the mortgage...we need to discuss how to negotiate with the bank to sell.

 

Let me know if we can be of service to you. As always, we are committed to being your Myrtle Beach real estate resource. Make sure you contact us anytime you need something.

If we can help you, we will.....If we cannot, we will find someone who can.

~Greg Harrelson, Century 21 The Harrelson Group