Where the MB condo market is today and why it’s an excellent time, maybe the best since the late 80’s or beyond to BUY real estate.
If you had the opportunity to look back at life and investments it would be such as easy game! You’d search for the bottom of the market no matter what the investment vehicle right? The time when just about NO one else wants to buy, the point where tax incentives and lending resources were minimal or barely existed, because its in these times where the BUYER has all of the choices, the BUYER has all of the leverage to go after whatever he or she wants. Those individuals that have the ability and the wherewithal to make the critical decisions to move when others are not, are the ones that will reap the BIG rewards. Sure they are the ones that take the risks, but looking at the larger picture of any investment, you know when the REAL time to buy is. It’s not when buyers are knocking down doors to get in line for projects, it’s not when everyone tells you it’s the thing to do, because it probably isn’t! We’ve been there, and ask any of those buyers if they could look at the big picture and make a different decision, they bought when the SELLER had the leverage.
Warren Buffett put it best when he said – “you want to be greedy when others are fearful, and fearful when others are greedy” Think of this quote in comparison to investments, stocks, real estate etc..Look at the big picture, where are we TODAY!
The Myrtle Beach market and specifically the oceanfront condo market is seeing unbelievable deals, values and incentives where the BUYER has the leverage. Virtually brand new properties with motivated developers and mortgage companies that are willing to offer special financing and options not seen in other areas since the late 80’s. You have the ability today to cherry pick the best placements in newer oceanfront buildings, at prices that are almost HALF of the price when originally sold. When the buyers were lined up and couldn’t wait to get deposits down on condos that were in the $500/sq ft range, now in the $200’s per ft!! Think about that in the big picture. We have the capability to look at remaining inventory in select buildings, choose where you would like to be, get prices that are at tremendous discounts, have financing setup by the original lender, and close when you want to close on properties that others would literally stand in line for, and NOT even get to select what unit type, floor or placement in the building they would be!! At TWICE the price!!
Unbelievable!!
No one can predict the future, and no one can predict the bottom of any market, the truth is, none of us know where it is until we’ve passed it, I’ll just ask you to look at the “big picture” and if you are interested in exploring the tremendous opportunities in this market, lets talk right away!
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