I Want To Know Why Wouldn’t You Buy Now?

Let’s be honest, I can’t think of one single reason not to buy Pawleys Island real estate at this time. Granted, I’ve only resided in the Myrtle beach area for 10 plus years primarily the Murrells Inlet / Pawleys Island area and have watched some very phenomenal real occurrences unfold right before my eyes.

Remember back in 2000 when we had a level yet stable market. You could actually find a home, make an offer that you felt comfortable with and most likely be living there in 30 to 60 days. You never had any doubts, you got what you felt like was a good deal as well as the seller. The next thing you know, GREED set in a couple years later.

All of a sudden everyone got this idea that real estate was a “Get Rich Quick Scheme” and the sharks began to circle from all corners. Prices began to go up at astonishing speeds just like in the mid 80’s. The real kicker was that even though we have gone thru this type of market before, NO ONE even gave a thought as to the outcome in a couple years. Buyers wanted real estate, realtors took over-priced listings, appraisers went along with it and the worst part of all. Yep, lenders decided that they wanted their piece of the pie so here began the practice of you got it. If you could fog a piece of glass you were qualified for “The American Dream of Home Ownership” and we’ll even make it better for you. Sure enough, if you could qualify for $300,000 today, let’s make it adjustable where you can get a $400,000 loan and hope you make more money each year to keep up with the idiotic market.

Well folks, all good things must come to an end, and they sure did. Prices dropped, realtors starved, appraisers downsized, and lenders stuck their heads in the sand.

Enough of this yada, yada yada stuff and back to the subject at hand. Why would you not be willing to buy real estate right now? I can only think of one reason, your hoping that by waiting, this new administration will buy it for you. That will not come to pass but, you can certainly gather the facts and make it happen for you and your family.

When you have the opportunity to buy a home when the prices are pretty much at 2004 prices and interest rates are historically low, at least for the time being what are you waiting for. If your telling yourself, I’m going to wait for the market to bottom out then your are going to lose. The only way you will ever know when the market bottoms out is when prices start to rise. Make sense?

Listen up, if you have a good income, a credit score that your proud of and need a “LONG TERM INVESTMENT” for your families future pick up that phone and let’s get started.

Most markets have signs they’ve hit the bottom; Florida and Southwest’s plight continues, not Myrtle Beach

The Case-Shiller home price index for major housing markets increased more than 1 percent in July from June, the third consecutive small improvement. Unfortunately the data is two months old. Other, more recent, housing market measures suggest that prices have continued to rise through September, although the pace of gain may have slowed. The cumulative rise in home prices through September is probably about 2 percent. This leaves home prices still about 30 percent below the previous peak level. Nonetheless, the change in trend is significant.

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PAWLEYS ISLAND, SC HOMES

Welcome to the South Strands Pawleys Island, “Arrogantly Shabby”

The families of rice planters who owned plantations on the nearby Waccamaw River first settled Pawleys island in the early 1700’s. The planters knew it was unhealthy for their families to remain on the rivers during the summer and that the seashore was much healthier. Even though they didn’t know about malaria in those days, they did know to get away! They moved their families, horses, cows, bedding, provisions and furniture to Pawleys in may of each year where they remained until the first frost in November.

From the leisurely existance has developed the charm of Pawleys that still exists today. Also, still remaining are the 12 residences in the historic district, which date from the late 1700’s to the mid 1800’s. Pawleys continues to be known for its shoeless carefree, laid-back life style, which includes crabbing in the adjacent creeks, fishing, the stories of ghosts, the rope hammocks and the unspoiled, unsophisticated, casual, delightful stretch of wide beach and sand dunes.

Pawleys Island Homes

With some of the finest golf courses available, if living on a golf course is one of your goals, then you really have a tremendous selection.

 To View All Pawleys Island Homes CLICK HERE