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Selection, Selection, Selection -
Hilton Head already has the location, location, location and now you have
choices. With nearly 6000 pieces of property on the market ranging from Homes,
Villas, land and boat slips to even a place to park your RV. In 2005 you would
have had to choose between just a few units and you would have had to choose
fast and pay what the sellers were asking. Today you have choices which means
the law of supply and demand is alive and well. Higher inventories translates to
better pricing for buyers.
No Bidding Wars - In 2005 if you made
an offer on a home you were competing with 3 or more other people. That means
that you probably did not get exactly what you wanted, but you were able to get
on Hilton Head. Today you can not only get on the Island but you can get what
you want at the price you want in most cases. The buyer sets the price in this
market.
Your Can Make an offer - Several years ago you would have had to decide how much above the asking price should I go. Today the Buyer is in charge and typically you can purchase for 3-10 percent below asking price and in some cases even more.
Patience is tolerated - In a sellers market everything is rushed. You became afraid that you might lose the opportunity. In a buyer market Sellers are more patient with buyers because they know that they have choices. This means that you can get more of what you want in your home.
Due diligence is welcomed - Sellers want you
to get the home inspected and appraised. In a sellers market these rights are
often waived to gain an advantage over other offers. You not only get what you
want but in the condition that you expect.
There are plenty of new homes - Beaufort
County is growing by leaps and bounds. There are plenty of quick turn homes that
builders have and are ready to deal. Plenty of incentives are offered like
special financing, free appliances, dues paid and many more. In a sellers market
these are not available.
Repair request are welcome - Once the
inspection has been completed sellers are more likely to accommodate by fixing
everything. They must be better than their competition down the street in order
to make the deal. In a sellers market the sellers is less likely to have to fix
anything.
Few Investors - Investors drive prices up:
When they are not in the market in droves prices settle down. You do not have to
compete with investors in a buyers market. Less competition means better values
and more choices.
Location, Location, Location - It is Hilton
Head Island. It is an Island there is only so much land. Villas on average over
a 10 year period appreciate over 10% per year. That means that your villa
appreciated 10% per year on average in 7 short years it will have doubled in
value. This coupled with selection is one of the most powerful tools a buyer can
have.
Legitimate financing is available - The zero
down loans are few and far between. This means that those buyers that were
leveraging fairly heavy are no longer in the market. Less buyer same amount of
homes. People always say buy low sell high. This is it. This is the low. Supply
and demand rules the market place.
Steve Plowden - Your Island Friend & Realtor
Dunes Marketing Group * South Carolina
P.O. Box 21326
Hilton Head Island, SC 29925
843-842-0823 * 843-290-4166 cell
Hilton Head Real Estate
Listed in Real-Estate-Agents.com
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Why Buy A Home And Invest In Real Estate On Hilton Head Island?
Hilton Head Island is one of the first ecologically sensitive,
“eco-planned” communities
Charles Fraser – Visionary developer of Sea Pines sets the stage for an
environmentally sound community
Compass Rose Park on Pope Ave
New Developments
SouthShore Commons »
Tradewinds Shelter Cove »
Mainsail Villas »
Sandy Lane Villas »
Harden Tuten Homes »
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