Drew Dellinger - Experienced Real Estate Advisor & President of Inlet Living, INC
Considering Retirement at the beach? Love Golf? Well, there's no better place to retire than the Golf Capital Of The Country. Here's the BEST part....Myrtle Beach is not only the Golf Capital of the U.S. It's been ranked year-after-year as one of the most affordable golf destinations in the U.S.
Coming from someone who LOVES golf and knows all the area courses, prices, and communities. I wanted to write a quick informative article, one golf nut to another. The Grand Stand is home of over 100 area courses. With a handful of local courses toping charts in Golf Digest as the years "best 100 courses" in the world. The best part.....Ownership of property here gives you the ability to throw around the title "Local" for access to the best deals. The Myrtle Beach area has been good to me and its locals over my 13 year residence. Locals have the opportunity to take advantage of all the best deals with golf, restaurants, and entertainment. The main purpose of this article is to let you know there are area memberships available, ranging from $42-$350 a year. I myself have a membership called "Prime Times". This is a membership for local's costing $200 a year. The membership also gives you discounts on merchandise and numerous restaurants. I encourage you to check out their website, PrimeTimesCard.com. This membership gives you priority access to great pricing and perks for 22 local golf courses. Per round cost, ranges anywhere from $20-$58 depending on course and time of play. The membership works off a point accumulation system. Every time you play you earn points redeemable for a free round. The rates I listed above are for your green fees and cart. That's right right folks! Cart is included in this price. I myself like to take advantage of the afternoon rates ranging from $20-$35. I also HAVE to mention guest rates with this membership. If you are anything like me, you have developed quite a few golf buddies over the years. I myself receive calls monthly from my fellow junkies wanting to come down to the beach for a stay and play. Well, with the Prime Time Membership your guest get to play for your same rate plus a $3-$5 guest fee. You can't beat it! Especially seeing as how these course's are highly ranked year-after-year. Here's your editor's picks for the best bang for you buck: Pawleys Plantation, River Club, Burning Ridge, Pine Lakes, Wild Wing Plantation, and Long Bay Club. Now the premium courses included in the membership are must plays all ranking at the top for the areas BEST! With the point accumulation can be as easy as play two rounds and get one FREE. Just mentioned the other's for those like me always looking for the BEST deals. Either way comparing our area to others on the coast makes Myrtle Beach a No-Brainer for a "Golf Junkie" like me. Where else are you going to get THIS MANY high quality courses with this pricing? If you have any other questions related to golf in the area, please don't hesitate to ask. There is SO MUCH other valuable info I could give to help better serve you! Below is some info better explaining the membership mentioned in this article.
Prime Times Benefits:
7 Reasons To Buy Your Next Home In Murrells Inlet!
Murrells Inlet is an area too often overlooked in the home search process. When most think or search for homes in the Myrtle Beach area they don't think or look too much outside the city limits. This is understandable because of the hype associated with Myrtle Beach. However, there are so many beautiful areas just outside the city limits that well deserve extra attention. One is the Murrells Inlet area, known to locals as simply "The Inlet". Below are 7 key reasons to put The Inlet at the top of your home search list.
Summer months around the Grand Strand can cause us locals quite the headache. From traffic to lack of parking for beach access; there are many reasons we avoid certain areas during tourist season. The Inlet offers all the fun and entertainment you will find in Myrtle Beach, minus the frustration associated with Beach Traffic. Why you might ask? Well, It's pretty simple really. Less hotels and rental property = Less tourist vacationing to the area.
2. Private Beaches
Murrells Inlet is home of the beautiful Huntington Beach State Park. Known for it's picturesque landscapes and rich history, this park also has a huge stretch of beach that only park members have the privilege to enjoy. For a minimal daily or yearly membership price, you and other locals can enjoy the private beach access not found in the city limits.
Well, you golf lovers sure are in for a treat. Murrells Inlet is home of some the area's most sought after golf courses. From private country clubs to famous names, living in the area you won't experience any lack of punishment brought upon from the brutal game we love.
4. The Food
Also known as the “Seafood Capital Of South Carolina”, Murrells Inlet is the place to go when looking for some delicious freshly caught Atlantic Ocean seafood. After eating at the area's well known restaurants you too will understand where the famous name comes from. If the exquisite food isn’t enough to sell you on the area, wait until you experience all the live entertainment that takes place on the beautiful Murrells Inlet Marshwalk. The time spent enjoying very talented well-known artist from all over the east coast, with a backdrop of the gorgeous marsh, is one you will never forget.
Murrells Inlet is a great place to spend your later years! Endless activities, less traffic, beautiful beaches, great food, and extremely cheap living make Murrells Inlet the perfect retirement destination! Here's some great communities to start your home search - The Bays, Stonegate, and Seasons @ Prince Creek
If you have kids and are on the fence about choosing your next area for relocation. You may want to consider the award winning schools in Murrells Inlet. Murrells inlet is home of the well known Waccamaw "Warriors" & St. James “Sharks”.
Dellinger takes top listing producer again in April!
**Important** Is it worth the possibility of facing Legal Matters? Continue reading below for more details.
While selling your home by yourself, without getting a seller’s agent involved may seem like a great way to save money on a commission fee, the fact is that most potential FSBO sellers end up regretting the decision and end up putting more profits in their pockets even after paying out a commission using an agent. If you’re considering going FSBO, or you’re already listing your home that way and things aren’t exactly working out as planned, then keep reading. Using recent statistics, here are a few reasons you may want to reconsider.
According to reliable data, FSBO sales accounted for only 9% of all home sales in 2013. Not too impressive, is it? Well, it gets even worse when you take into account that FSBO sales seem to be on a steady decline over the past decade from a 2004 peak of just 14%.
While “location, location, location” might be the home buyer’s mantra, as a home seller, that’s one variable you really can’t change. Instead, the key factor to selling your home in a reasonable amount of time is pricing it correctly, which isn’t nearly as easy to do as you might think. Sure, you can go online and see what nearby homes have sold for, but are you really comparing apples to apples here? An experienced Realtor will be able to perform a detailed market analysis which not only takes into account your home’s condition and any improvements you might have made, but can generate an up-to-the-minute temperature reading of just how hot (or not) your local market really is.
Believe it or not, many FSBO home sellers still believe that all they have to do is throw up a “For Sale” sign in the yard and the world will beat a path to their doors. Sorry, but today’s tech-savvy buyers (See reason #4) prefer to house-hunt in more methodical ways than simply driving around the neighborhood. And yet, according to the NAR, this is still the top FSBO marketing method, as 36% of would-be sellers rely on yard signs. The key word here is “would-be”, since only 10% of all buyers actually find their homes via yard signs. Statistics are even more dismal for sellers who choose print media, since only 1% of buyers find homes through newspaper ads.
Okay, so you’re internet-savvy, you know all about Craigslist and similar online free classified listings. That’s fantastic, since NAR’s 2014 housing market profile shows that 92% of all home buyers use the internet to help them in their search. But (and it’s a really big but) – these online classifieds are also seen as a happy hunting ground for scammers, criminals, and dangerous people you really do NOT want to be admitting to your home. Realtors don’t have to resort to dubious bargain-basement listings, but can instead list your home on highly-qualified sites such as Zillow or Realtor.com. (See reason #6 for more on what resources Realtors have available.)
Marketing via social media, what could be more up-to-the-minute? Sure, you may have hundreds of Facebook friends and Twitter followers, so that’s a potentially sizable audience if you decide to advertise your home that way. Think about it, though – how many of them actually live in your area? And of those, how many are actually looking for a new home? If you do manage to sell your home that way you’ll be one of the lucky few.
91% of all Realtors make use of social media sites as a marketing tool. Just about everyone browsing their page is interested in buying a home in the local area. What’s more, Realtors are actively engaged in driving traffic to their own websites and they also have the capacity to list homes on the Multiple Listing Service (MLS). In order to list a home on the MLS, an FSBO seller will have to pay an outside agency several hundred dollars, as well as having to cover the cost of the buyer’s agent fee. At present, NAR data shows that only 7% of FSBO homes are listed on an MLS website.
A very high percentage of buyer's are using agents and their websites to search for homes. What are the chances a Realtor, working strictly from commissions is going to market and show your home to a buyer? Close to zero, huh? Also, one thing you might not be taking into account as a potential DIY home seller is just how available you’ll need to be in order to show your home. Are you really going to be able to call in sick or cancel your plans every time someone wants to look at your home? Potential buyers aren’t going to want to work around your convenience. A professional Realtor, however, doesn’t need to take a day off work in order to show your home since this IS his/her job.
If you’re acting as your own sales agent, how do you decide who’s a legitimate buyer and who’s just going to be wasting your time? Seller’s agents have the necessary tools to determine whether a buyer is pre-qualified with a home loan sufficient to cover the cost of your listing. What’s more, FSBO homes are more likely to appeal to the type of buyer who’s out for a rock-bottom bargain-basement deal and may even go so far as to want you to give them a cut of the commission you’re saving by foregoing a Realtor’s services.
In case you’re not already getting the picture, selling a home is pretty hard work! Not only do you have to find and get potential buyers, but once you’ve found that buyer then the real headache begins. Every detail must be attended to in order to make the sale go through…and what’s more, if you neglect something crucial from the long list of mandatory disclosures, inspection reports, material defects, and SPD addendum you may find yourself facing not just the loss of the sale, but also potentially serious legal repercussions. Now all this is just the laws involving all the needed paperwork to list and sell a home. What about the ethics involved in selling a home? Are you caught up on all the important Fair Housing Laws and what you can and cannot disclose to a potential buyer? There are lawsuits regularly filed AND WON against sellers for huge amounts. In a recent case a buyer won a lawsuit for $75,000 against someone selling their home. The seller really thought he was doing and saying the right things. With so many laws constantly being implemented and changing even Realtor's are required on-going education to stay up to date new laws and changes. Having a Realtor not only saves you time, money, and frustration, but also takes the liability off you. Yes, there is some paperwork to go through even if you work with an agent, but that’s still a lot easier and safer than doing it all yourself.
What? How can this be? Don’t all seller’s agents work on commission? Well, yes, they do. But real estate agents themselves bear many of the costs you might otherwise have to pick up, like marketing your home and screening buyers. A savvy sales agent can also build the cost of his/her commission right into your home’s asking price, so you won’t feel a thing. To learn more about howmy service can save you money and all the hassle that comes with FSBO by matching you with a top, local agent. Click Here
And the survey says…bottom line, the average FSBO home last year sold for $208,700 while the average agent-assisted home sale was $235,000. This means that an agent-assisted home sale can net you an 11% larger profit. Assuming you paid a 6% agent commission on a $235,000 home, or $14,100, you would still come out $12,200 ahead! Looks like a win for everybody.
If you’re willing to put up with all the headaches of listing, selling, and closing on a home, and you don’t mind settling for what may well be a lower price, then an FSBO sale may be for you. If, on the other hand, this all sounds like too much work for too little payoff you’re in good company. It seems that according to a Local Real Estate News article, over 80% of all FSBO sellers eventually wind up choosing to sell their homes by using an agent instead (and this number applies nationwide, not just in SC). If you’d like to skip the headache and proceed straight to the happy ending, I'm here to help. Would you like to hear more about how I spend hundreds out of my very own pocket to market your home BEFORE it even hits the market? Connect with a top performing agent, and compare multiple proposals today.
Let's give your home the Fair Chance it deserves. Check out the link below for some brief info on my cutting edge selling system.
Common Myths - Buying A Vacation Home; AKA "Investment Property"
This idea of investment property could mean something different from one person to another. To me an investment is something that turns a profit. Hey, I'm sure we can all agree on this! However, the time line may be this biggest misconception I come across.
I receive many inquiries from folks looking to buy a house or condo, close to the beach, and offset all expenses (including mortgage) by placing the property on a vacation rental program. Well, before we dig into the concept of buying an investment property. Let me briefly go over "all expenses". All expenses to me are going to be every dime you saturate into your property on a yearly basis. Too often folks are so concerned with offsetting the routine expenses like the mortgage, taxes, insurance, and utilities - They completely forget about cost to maintain a property taking rental abuse or the cost of special assessments as they come. As a general rule of thumb you should plan to set aside and additional 10% of your gross income for upgrades & repairs needed to keep your property producing a solid rental income year after year. As time passes renters will start to consider your property "dated" without continuous upgrades and repairs. A great example would be a new coat of paint, new carpet, updated appliances, or a needed HVAC system. If you have a house how about that new roof, landscaping expense, or siding that needs attention. Special assessments can surprise folks as well....Although you pay into your monthly HOA, there may be a building expense that needs to be assessed to all the homeowners in the building. Same as the house I mentioned, there will be exterior upgrades & repairs that need to be addressed to maintain the curb appeal to make sure your building is a renter favorite year after year. None of us want to stay in that dated/rough looking building when we take our family on our yearly vacation, right? Ever been on an iffy elevator? Well, I know I have and would have a tough time getting my wife and kids on and off one for a week long vacation. Those elevators take a lot of abuse. I mean they are continuously running many months out of the year. With use like that, it's only a matter of time before repairs or updates need addressed and I assume this isn't cheap!
Now, the purpose of this article is to give you an informative approach when looking at investment properties. There are agents out there that might leave the details above completely out of the equation to make a sell. Well, this is not my style to say they very least! I'm never trying to sell anything! This isn't good for my reputation and residual business for my long term career. It should be our responsibility as agents to inform folks of all the details and not assume they are real estate savvy enough to figure it out themselves. Now, please know I'm not writing this article to challenge your experience or knowledge. Trust me, I don't have all the answers! I just approach every potential client with the intention of being as helpful as possible through the process. I feel it is our responsibility to "inform" not "SELL" anything! An agent should be there to help you the whole way through.
All that said, you can find a property that will offset routine expenses and a portion of your mortgage. But, please don't forget about the other associated long term cost. I’m here to prepare you so you know there’s a possibility of receiving that unexpected phone call from owner services, mid summer, bearing the terrible news your HVAC system has just gone caput and they are sending someone out to replace it that same day at a cost of $5,500. Are you prepared to pay for that expense at the drop of a hat?
Now let's quickly go over my approach to what an "investment property' is to me...
What about the value of the tax break you’ll receive, potential appreciation in value over the next 10 years, or even the value of the vacation use for you and your family? How much do you typically spend on your yearly family vacation? I do think there is tremendous value of buying a vacation home; AKA “investment property”. It's just all about how you rate value and ROI.
Still have questions? You should! I always encourage them. If you want any additional info on buying or selling in the area, just give me a buzz...I'd love to hear from you! 843.446.2893
Here's a quick rental cashflow for a unit sold in Surfside....