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        <atom:link href="http://www.prestonguyton.com/blog/myrtle-beach-real-estate/rss/" rel="self" type="application/rss+xml" />
        <title>Myrtle Beach Real Estate and Area Information Blog</title>
        <link>http://www.prestonguyton.com/blog/myrtle-beach-real-estate/</link>
        <description>Welcome to our Myrtle Beach Real Estate blog updated to help keep past and future clients connected with what is happening in the Myrtle Beach area. Check our blog regularly to learn more about what is happening along the Grand Strand.</description>
        <item>
            <guid>http://www.prestonguyton.com/blog/what-should-i-buy-myrtle-beach-new-construction-or-existing-home.html</guid>
            <link>http://www.prestonguyton.com/blog/what-should-i-buy-myrtle-beach-new-construction-or-existing-home.html</link>
            <author>preston@crgconstruction.com (Preston Guyton)</author>
            <title>What should I Buy | Myrtle Beach New Construction or Existing Home?</title>
            <description> <![CDATA[ 
Build vs. Buy  The
Myrtle Beach Matchup





&nbsp;

&nbsp;

&nbsp;

&nbsp;

&nbsp;

&nbsp;

&nbsp;

&nbsp;

Should I build or buy a
home in Myrtle Beach?




 
  

  
Buy

  
&nbsp;

  

  

  
Build

  

 
 
  

  
As a buyer, youll
  have plenty of options for purchasing an existing home. &ldquo;If you build it they
  will come&rdquo; is no longer a builders creed, many builders and developers have
  halted new construction in favor of moving their vacant properties. Whats
  even more exciting is that dream home youve been eyeing, thanks to price
  reductions, may become a reality! Begin your search using our Myrtle Beach
  MLS search tool!

  
&nbsp;

  

  

  
Planning to build?
  Deals are plentiful and you may be able to build a custom home in the Myrtle
  Beach area for less than the cost of an existing home. Another plus,
  residential lots can be purchased for a fraction of the original asking
  price. To begin searching for a lot, use our convenient Myrtle Beach MLS
  search tool. Lower lot costs and building costs bring you one step closer
  to owning the home of your dreams! 

  
&nbsp;

  

 




Insiders Tip:


Instead of a builder having 6 houses under construction, they may have 1 or 2. If
you make the mistake of waiting to build until the market is up (or on the
upswing) not only do you risk paying more, but your dream home may not receive
the time or attention it deserves. If you do plan to build, quality should be
your builders number one concern no matter what direction the market is trending
towards.



If you would
like to speak with a quality driven builder, or you need the assistance of an
experienced local REALTOR, contact us! If you are a Realtor and you have
a client that is interested in building a custom home, contact our builder,
commissions are paid as soon as we break ground on your clients project.






 ]]> </description>
            <pubDate>Mon, 26 Jul 2010 11:50:56 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.prestonguyton.com/blog/oceanfront-beach-house-along-the-grand-strand-myrtle-beach-area-oceanfront-homes.html</guid>
            <link>http://www.prestonguyton.com/blog/oceanfront-beach-house-along-the-grand-strand-myrtle-beach-area-oceanfront-homes.html</link>
            <author>preston@crgconstruction.com (Preston Guyton)</author>
            <title>Oceanfront Beach House Along the Grand Strand | Myrtle Beach Area Oceanfront Homes</title>
            <description> <![CDATA[ 
The Grand Strand has many areas along the coast that offer
oceanfront homes, as of July, 3 2010 there are currently 132 oceanfront homes
listed along the Grand Strand. From oceanfront estates to vacation homes that
offer great investment potential you are sure to find an oceanfront home that
will suit your needs. I will break down the areas along the Grand Strand and
the type of oceanfront properties you will find in each area. 



Myrtle Beach is the most recognized area along the Grand
Strand and offers oceanfront homes from $975,000-$4,900,000. Many of the
oceanfront homes located along &ldquo;Golden Mile&rdquo; section of Myrtle Beach are
located on larger oceanfront lots. If you are looking for an oceanfront
vacation rental a majority of the homes found along the Golden Mile do not
allow weekly vacation rentals. At the very south end of Myrtle Beach you will
find an oceanfront community that borders Myrtle Beach State Park and Lakewood
campground. Long Bay Estates offers many oceanfront homes at reasonable prices,
many of the oceanfront lots are &frac12; acre and larger. We have several of the
oceanfront homes found in this community on our vacation rental program at
Beach Realty. Oceanfront homes within this community can do well over $100,000
a year in vacation rental income. At the northern end of Myrtle Beach the Dunes
club area offers some of the most beautiful and most expensive oceanfront homes
found along the Grand Strand. Two of the more expensive oceanfront homes are
found in this area. Both of these homes are newer construction and are listed
close to $5,000,000.



Heading north out of Myrtle Beach we find a small
incorporated town. Briarcliffe Acres offers several oceanfront homes that are
also on larger lots. Both of the oceanfront houses listed in Briarcliffe Acres
are on residential lots that are close to 1 acre. The two oceanfront homes
listed in Briarcliffe Acres range from $3,000,000-$5,000,000. Briarcliffe Acres
does not allow weekly rentals.



Just north of Briarcliffe Acres we find North Myrtle Beach.
North Myrtle Beach offers many opportunities to own an oceanfront home. Prices
for an oceanfront home in this area range from $900,000-$3,000,000, with 18
houses listed as of July 3, 2010. A majority of the homes in North Myrtle Beach
oceanfront do allow vacation rentals. This area has been a favorite for
vacationing families for many years, so an oceanfront home should prove to be a
good investment.



Just south of Myrtle Beach you will find an area that has
become recognized as the &ldquo;family beach&rdquo;; Surfside Beach offers many
opportunities to own an oceanfront home. A majority of the homes that are owned
oceanfront in Surfside Beach are rented through different vacation rental companies.
Beach Realty offers some great management rates and is less restrictive on
vacation home owners than many of the other companies in the area. Many of the
oceanfront homes in Surfside Beach are booked throughout the summer months as
many families vacation to this area year after year. Currently, there are 19
oceanfront homes for sale in Surfside Beach priced from $789,000-$2,495,000.



Driving along the coast south out of Surfside Beach you will
soon be in Garden City Beach. Garden City also offers many oceanfront homes
that are rented throughout the year as vacation rentals. As you head further
south along Waccamaw Drive in Garden City on the right you will see the
Murrells Inlet tidal creek and on the left will be many beautiful oceanfront
homes. There are several oceanfront homes on the very south end of Garden City that
also come with deeded boat docks on Murrells Inlet tidal creek. Garden City
also offers a marina that gives home owners and vacationers opportunities to
rent boats, go parasailing, and book fishing charters. If you own an oceanfront
home in Garden City there are a few restaurant options nearby, Gulf Stream Caf
and Sara Js both offer up a very good dining experience from fresh seafood
platters to delicious steak dinners. At the very south end of Garden City is
the private gated community Inlet Harbor. Homes found within Inlet Harbor
consist of primary homes, second homes, and vacation rentals. There are
currently 25 oceanfront homes for sale in Garden City with prices ranging from
$800,000-$2,600,000.



South of Garden City you will find Murrells Inlet; Murrells
Inlet is separated from the beaches by a tidal creek so there are not any
direct oceanfront homes found in this area. There are many waterfront homes in
Murrells Inlet that allow owners easy access to the ocean and beaches by boat.



Leaving Murrells Inlet heading south there is a 5 mile drive
before you arrive in North Litchfield. Murrells Inlet and Litchfield Beach are
separated by Huntington Beach State Park and Brookgreen Gardens. Huntington
Beach state park and Brookgreen Gardens spans from the ocean to the Waccamaw
River. Litchfield Beach offers oceanfront homes in 3 different areas accessed off 17.
North Litchfield offers many oceanfront homes on larger lots. Many of the
oceanfront homes in North Litchfield are vacation rentals and second homes.
Although many of these homes are rented throughout the summer months this area
still is much less crowded than Myrtle Beach, Surfside Beach, and Garden City.
Many of the families that own property and vacation in North Litchfield have
been coming to this area for generations. Currently there are 3 oceanfront
homes for sale in North Litchfiled Beach, these homes range in price from
$2,200,000-$2,800,000. The next area in Litchfield that offers oceanfront homes
is Litchfield By the Sea, a gated resort development offering oceanfront homes
in the Charlestowne Grant community. There is currently 1 oceanfront home for
sale in Charlestowne Grant listed for $2,990,000. Homes in Charlestowne Grant
are mostly second homes and vacation rentals. South Litchfield Beach is the
last area in Litchfield that offers oceanfront homes. Many of the homes located
in south Litchfield Beach are second homes and vacation rentals. Like all areas
in Litchfield Beach, oceanfront homes in south Litchfield Beach are just
minutes from grocery stores, restaurants, shopping, and much more. There are
currently no oceanfront homes for sale in south Litchfield Beach. All of the
areas that offer oceanfront homes in Litchfield are very popular, if priced
competitively they do not stay on the market very long.



Leaving Litchfield Beach heading south we arrive at the last
area along the Grand Strand that offers oceanfront homes. Palweys Island is
recognized as the oldest resort area in the country and is recognized by many
property owners and visitors as being &ldquo;arrogantly shabby&rdquo;. The laid back,
shoeless way of life in the summer months is what so many families come back
for year after year.&nbsp; Pawleys Island
vacationers typically do not come to the area for all the attractions located in
Myrtle Beach just north of Pawleys Island. Usually families that visit this
area enjoy the less crowded beaches, restaurants, and crabbing if the vacation
home has a boat dock on Pawleys Island tidal creek. There are two ways to
access Pawleys Island, the north and south causeway&nbsp; are the only way to get over the tidal creek
that separates the island from the mainland. There are currently 19 homes for
sale in Pawleys Island with prices ranging from $1,500,000-$5,000,000.
Oceanfront homes in Pawleys Island are a mixture of second homes, primary
residences, and vacation rentals.



Just south of Pawleys Island are two gated communities that
offer oceanfront homes on larger home sites. Debordieu Colony and Prince George
are two very exclusive communities that offer oceanfront homes that are either
second homes or primary residences. Both communities do not allow vacation
rentals. Debordieu Colony is a gated community that offers a tennis club, private
golf course, and much more. In Debordieu and Prince George there are currently
16 oceanfront homes for sale, with prices ranging from $1,700,000-$4,700,000.
Many of the oceanfront home sites are 1+ acre. If you are looking for an
exclusive and very private community to own an oceanfront home both Prince
George and Debordieu Colony may offer what you have been searching for.



If you are searching for an oceanfront vacation rental,
second home, or primary residence, one of the areas along the Grand Strand may
have what you are searching for. Comparing the prices for oceanfront homes
along the Grand Strand to coastal areas across the country many people realize
this coastal area is very affordable.


 ]]> </description>
            <pubDate>Fri, 09 Jul 2010 20:28:51 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.prestonguyton.com/blog/myrtle-beach-area-real-estate-market-update-real-estate-market-updtate-for-horry-and-georgetown-coun.html</guid>
            <link>http://www.prestonguyton.com/blog/myrtle-beach-area-real-estate-market-update-real-estate-market-updtate-for-horry-and-georgetown-coun.html</link>
            <author>preston@crgconstruction.com (Preston Guyton)</author>
            <title>Myrtle Beach Area Real Estate Market Update | Real Estate Market Updtate for Horry and Georgetown Counties</title>
            <description> <![CDATA[ 
Below is a Real Estate Market Report for the 1st Quarter of 2010. This report is provided by EF Hucks Associates in Pawleys Island. If you are thinking of buying in the Myrtle Beach area, it might be time to jump in as mortgage rates and prices continue to be at historic lows.&nbsp; 

There was better news again this
quarter. For the second consecutive quarter, all three Counties have shown
percentage increases in the number of units sold compared to the same quarter
in the previous year.





 





&nbsp;




Horry 



Brunswick


Georgetownfrf


Q1 09-10


35%


21%


14%


Q4 08-09


33%


16%


33%


Q3 08-09


-11%


-13%


-36%


Q2 08-09


-21%


-31%


-47%


Q1 08-09


-44%


-39%


-48%




Percentage change of closings from 
same quarter previous year&nbsp; &nbsp; 



Foreclosures
 and sales by lenders have continued to be significant this year. To 
quantify this activity, the chart below shows the percentage of these 
sales to market sales in the re-sale (not new construction) sector for 
the first quarter of 2010.










&nbsp;


Horry

Brunswick


Georgetown



Homes 


25.2%


16.5%


15.9%



Condos 


24.1%

13.6%


15.8%



Lots 


31.1%


15.1%

15.0%


Lender Sales as % of Resale 
Unit Sales 




Total
 real estate sales volume during the first quarter of 2010 for the
Horry-Georgetown-Brunswick County area was approximately $503 million.
This is a 14% increase from sales during the same period in 2009.


Along
 with the rest of the nation, the Grand Strand experienced exceptional 
real estate activity in the 2005-2006 period. To get a more realistic 
look at
where the market is today, a comparison was made between closings for 
the first quarter of 2010 and the average closings for the same periods 
in 1996-2009 without the 2005 and 2006 totals (adjusted average).&nbsp; These
 charts give a better understanding of the current
situation based on long-term trends.




&nbsp;




&nbsp;


Total Closings 


Comparing
 closings for the first quarter of 2010 with prior years' indicates that
 the Grand Strand real estate markets have shown some signs of the 
market rebounding. These records include all closings; single-family 
homes, condos, lots, commercial land and commercial buildings. As shown 
in the graphs below, the annual peak in all three counties was 2005 (the
 boom year). The downturn in sales in each county has also been similar.




Comparing
 activity for the first quarter of 2010:



Horry 
County was 30% of the 2005 level.

Georgetown
 County was 28% of the 2005 level.

Brunswick
 County was 25% of the 2005 level.



 ]]> </description>
            <pubDate>Sat, 15 May 2010 15:55:52 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.prestonguyton.com/blog/myrtle-beach-short-sale-timeline-indymac-short-sale-process.html</guid>
            <link>http://www.prestonguyton.com/blog/myrtle-beach-short-sale-timeline-indymac-short-sale-process.html</link>
            <author>preston@crgconstruction.com (Preston Guyton)</author>
            <title>Myrtle Beach Short Sale Timeline | Indymac Short Sale Process</title>
            <description> <![CDATA[ 
I thought I would create this blog to educate individuals that visit my blog and website on the short sale timeline and process. I just submitted an offer to IndyMac(Now One West Bank) on a house in the Murrells Inlet area. I will continue to update this blog as the short sale is negotiated and hopefully approved. The buyer is a first time home buyer, so we are hoping to get everything approved and closed by the June 30th homebuyer tax credit deadline. 

If you still have questions about what a short sale is, I will be posting a blog in the next few days that will help you to understand a short sale.&nbsp; 

&nbsp;

&nbsp;Update 1.&nbsp; 

4/25/10 - We got all of the contracts signed, filled out the short sale packet, and put together all necessary paperwork. 4/26/10 - We faxed over the contract with all paperwork to One West Bank. With the cover letter the total amount of paperwork that was faxed over totaled 50 pages.&nbsp; 

Update 2.&nbsp;

4/29/10 - Contacted Indy Mac and all paperwork and information was uploaded into a &quot;template&quot;, that will track the progress of the short sale. They also ordered the BPO for the property. The BPO is a Brokers Price Opinion for the home. The representative I spoke to said they should receive the BPO and should be uploaded into the system within 7-10 business days.&nbsp;

So far the dreaded short sale has not been too difficult of a process. 

Update 3.&nbsp;

4/30/10 - Spoke to the agent doing the BPO, it has to be completed and returned to the company within 48 hours.&nbsp;

Update 4.&nbsp;

5/3/10 - Spoke to IndyMac and they received the BPO and will upload it into there system within 7 days. Once uploaded into there system they will appoint it to a negotiator and he has up to 30 days to contact us. It will probably be pretty quite for the next 10 days. Unless they call me, I will call them again in a week.&nbsp; 

Update 5.

5/12/10 - We just received a counteroffer from IndyMac through one of their short sale negotiators. We are going to send them another offer with the changes they would like to see. Less than 20 days and we should be one step closer to an accepted offer.&nbsp; 

Update&nbsp;6.

5/17/10 - We received another counter offer from IndyMac. We sent the contract back with the changes they wanted, we now have an accepted offer. 22 days from the initial offer to an accepted contract.&nbsp; Let's hope this short sale continues to move forward this smoothly.&nbsp; 

Update 7.&nbsp;

6/9/10 - We now have an accepted contract in writing from Indy Mac and BB&amp;T(second mortgage). We are going to schedule the closing for the last week in June so the buyer receives the first time home buyers tax credit.&nbsp; If we are able to close this property by June 25, that will be less than 60 days from the initial contract to closing. Not bad....&nbsp;

Update 8.&nbsp;

6/12/10 - We now have a scheduled closing date of June 24, 2010.&nbsp; 

Final Update

6/25/10 - The transaction closed June 24, 2010 and recorded today. From signed contract to closing in 60 days. This house had a first and second mortgage.&nbsp;

&nbsp;

Do not believe everything you hear about short sales. Search Myrtle Beach short sales and foreclosures anytime on our website. Listings on PrestonGuyton.com are updated daily.&nbsp;
 
&nbsp;

&nbsp;
 ]]> </description>
            <pubDate>Mon, 26 Apr 2010 07:35:15 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.prestonguyton.com/blog/inexpensive-things-to-do-to-help-sell-your-house.html</guid>
            <link>http://www.prestonguyton.com/blog/inexpensive-things-to-do-to-help-sell-your-house.html</link>
            <author>preston@crgconstruction.com (Preston Guyton)</author>
            <title>Inexpensive Things to Do to Help Sell Your House</title>
            <description> <![CDATA[ 
Inexpensive Things to Do to Help Sell Your House



Your home is one of your most important investments, so when
it comes time to finally sell you want to make sure that you get the highest
sales price. There are many effective ways to increase the value of your home
in a quick and inexpensive manner. Follow these tips for a few inexpensive
things to do to help sell your house, and you are guaranteed to have buyers see
your home in its best light.



Clean, Clean, Clean



The single easiest thing you can do to prepare your home for
selling is to give it an extensive and thorough cleaning. Take this time to
take everything out of your closet, scrub all the walls, and make sure the home
looks and smells completely clean. Think of a spring cleaning taken to an even
higher level because a clean home will show buyers that you have maintained and
cared for the home they might want to buy. A dingy home will receive offers
that are thousands of dollars less than the same home that is clean, so make
sure that every inch of the house shines like its new.



Reduce the Clutter



After years of living in a home your closets and garage are
probably full. One of the best ways to make your home look more spacious is to
take all of that unneeded clutter and put it in a temporary storage unit. This
won't cost you much money, but it will completely change the feel of the home
because it will appear more open and clean. Additionally, it is a great way to
get started on the packing up process, so that you can move out of the home
more quickly after it sells.



Depersonalize



Your home can be a big part of your identity. Personalized
decoration choices are a great way to show off your style and let people know
who you are. Unfortunately, when it comes to selling your home you don't want
to highlight your tastes because you want the buyers to picture themselves in
the home. Put away those leopard prints and bold colors, and go for something a
little more neutral.



New Coat of Paint



One of the most effective ways to inexpensively update the
look of your home is to add a new coat of paint. Keep in mind that when it
comes to selling you want to make sure that you choose warm neutral colors that
will appeal to the broadest number of people. Toning down the bright colors in
the children's rooms will help buyers focus on the space in the room as opposed
to being scared off by bright pinks or greens.



These tips cost little or no money to follow and will have a
big impact on the sale of your house. Scrub everything, get rid of the clutter,
tone down the decor, and throw on a new coat of paint to really make your house
stand out and look its best.


 ]]> </description>
            <pubDate>Sun, 25 Apr 2010 09:22:41 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.prestonguyton.com/blog/myrtle-beach-golf-homes-myrtle-beach-golf-course-real-estate1.html</guid>
            <link>http://www.prestonguyton.com/blog/myrtle-beach-golf-homes-myrtle-beach-golf-course-real-estate1.html</link>
            <author>preston@crgconstruction.com (Preston Guyton)</author>
            <title>Myrtle Beach Golf Homes - Myrtle Beach Golf Course Real Estate</title>
            <description> <![CDATA[ 


Myrtle Beach Golf Course Real Estate

Myrtle Beach is a haven for golfers looking to challenge their game while enjoying the ocean and&nbsp;a coastal lifestyle. For this reason, Myrtle Beach golf course real estate has become extremely popular for those looking for a new home, vacation property, or a real estate investment.&nbsp;Here&nbsp;are a&nbsp;few reasons why now is the best time to buy a home&nbsp;situated on or near&nbsp;a golf course in Myrtle Beach.

Affordable Prices 

The recent correction in the housing market means that Myrtle Beach golf course homes are more affordable than ever! Whether you'd like&nbsp;to be close to&nbsp;your favorite course or&nbsp;enjoy beach access with a neighborhood golf course, you are bound to find&nbsp;the property you are&nbsp;searching for at&nbsp;a significantly lower price than years past. Many buyers are planning for their future retirement lifestyle and buying second homes that will ultimately become their permanent residence. For the immediate future, they can rent it out to vacationers for an additional income.

Golfers Paradise 

Myrtle Beach has over 100 golf courses, which makes finding real estate next to a golf course very easy. In addition, in 2006 Golfer Digest voted&nbsp;Myrtle Beach&nbsp;as the best market for golf homes in the country! To make this decision&nbsp;Golf Digest&nbsp;weighed the number of high quality local courses with the typical number of playable days and overall cost of living. In the end, Myrtle Beach golf real estate was voted number one. Golfers will never tire of the amazing variety of courses in Myrtle Beach!

Low Interest Rates 

Currently,&nbsp;interest rates are&nbsp;among the&nbsp;lowest they have ever been. As the market&nbsp;continues to rise&nbsp;and the economy begins to flourish these loan rates will quickly increase. By purchasing a home in the next few months you can lock in these incredibly low rates for the life of your loan, and save a significant amount of money and interest over 30 years. In addition, it is much easier to negotiate with lenders for reduced fees because so many mortgage brokers are&nbsp;contending&nbsp;for your business.&nbsp; 

Fun for Everyone 

Whether you have a young family or you are&nbsp;searching for the perfect coastal retirement home, Myrtle Beach is a great destination with a variety of golf course properties to choose from. The golf course homes in Myrtle Beach are never too far away from the beach, so it is easy to fill your day with sun, greens, and sand. Additionally, entertainment, fine dining, and&nbsp;family friendly fun can be found throughout the Myrtle Beach area.

There are many reasons why&nbsp;buyers should consider Myrtle Beach golf course real estate! If you are considering a relocation home, vacation home, or an investment purchase, then you should do yourself a favor and see what Myrtle Beach has to offer. You wont be disappointed!
 ]]> </description>
            <pubDate>Mon, 05 Apr 2010 06:58:19 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.prestonguyton.com/blog/why-today-is-a-great-time-to-buy-an-oceanfront-vacation-rental.html</guid>
            <link>http://www.prestonguyton.com/blog/why-today-is-a-great-time-to-buy-an-oceanfront-vacation-rental.html</link>
            <author>preston@crgconstruction.com (Preston Guyton)</author>
            <title>Why Today is a Great Time to Buy an Oceanfront Vacation Rental</title>
            <description> <![CDATA[ 


There is a limit to the amount of real estate that is available on the coastline. For this reason and many others, now is the perfect time to buy oceanfront vacation rental property in Myrtle Beach. This blog will discuss the recent affordability, low interest rates, and investment potential that makes Myrtle Beach discount oceanfront homes and condos a great purchase. 
&nbsp; 
&nbsp;

Prices are Affordable

During the real estate boom,&nbsp;the&nbsp;prices of homes skyrocketed beyond a sustainable level; this was especially so in popular vacation spots around the US. This made it difficult to purchase a vacation rental that could make enough income to cover the expenses of the mortgage, taxes, insurance, and general upkeep. Now that the market has cooled, home and condo prices in Myrtle Beach are at the lowest they have been in years. 
&nbsp; 
Record Low Lending Rates

Qualified buyers with a down payment can enjoy some of the lowest interest rates ever experienced in the US. This is something that needs to be taken advantage of now because the cost of financing a vacation rental property will be going up in the very near future. Investors who purchase a condo or home now will find it easier to profit from their rental income, as the locked/fixed low interest rate will keep payments minimized over 30 years.

Rental Income

Whether you are using the house or condo as an occasional second home or entirely as an investment property, oceanfront rentals will always be popular for summer travelers. This will provide a consistent source of rental income during the summer, and when combined with a low sales price and low interest rate, the ability to cover all costs and make a profit each year becomes easier than ever. 

Investment Potential

The recent housing correction and recession has left many people feeling leery of real estate as an investment. This is actually one of the many reasons why now is such a good time for purchasing an oceanfront condo or beach house in Myrtle Beach. With&nbsp;fewer people buying homes in general, an interested buyer will get a great deal on&nbsp;their investment. As the financial market and economy stabilizes and improves investors will again feel confident in purchasing property, which means prices will begin going up once again. Buying now ensures that you get the best deals, which will lead to a higher return on investment over time.

&nbsp;
These are just a few reasons why you should consider buying a Myrtle Beach oceanfront property today! Whether it is strictly for investment or planned as a future retirement home -&nbsp;a condo or beachfront rental home will always be a popular destination! By locking in todays low rates and discounted prices you can use this buyers market to your investment advantage. ]]> </description>
            <pubDate>Tue, 30 Mar 2010 19:52:13 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.prestonguyton.com/blog/myrtle-beach-housing-market-on-the-rise-january-and-february-2010-statistics.html</guid>
            <link>http://www.prestonguyton.com/blog/myrtle-beach-housing-market-on-the-rise-january-and-february-2010-statistics.html</link>
            <author>preston@crgconstruction.com (Preston Guyton)</author>
            <title>Myrtle Beach Housing Market on the Rise! January and February 2010 Statistics</title>
            <description> <![CDATA[ 
Myrtle Beach January  February 2010 Real Estate Market Update.

We are starting to notice an overwhelming trend when comparing housing sales statistics in many different areas to 2009 figures. When comparing 2009 and 2010 sales of residential homes in the Myrtle Beach, sales are up 25%. 

In 2009 there were 132 closed transactions, and in 2010 in January and February there were 164.Taking these numbers into account, sales in 2010 are up close to 25%.

As of March 16, 2010 there are currently 327 pending properties in Myrtle Beach. So what does this mean? Taking the pending homes information into consideration we should see a continual incline in amount of homes that are selling.&nbsp;

This is providing us with some hope for 2010. Although sales are still below normal levels, this upswing is a very positive sign for all of us!

If you would like a detailed Comparative Market Analysis, please fill out the property information form. Please visit our Myrtle Beach real estate page to learn more about our area and to view all the available homes.&nbsp;Listings are&nbsp;updated daily!
 ]]> </description>
            <pubDate>Fri, 19 Mar 2010 12:55:10 -0500</pubDate>
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            <guid>http://www.prestonguyton.com/blog/myrtle-beach-mortgage-rates-march-11-2010-mortgage-rates.html</guid>
            <link>http://www.prestonguyton.com/blog/myrtle-beach-mortgage-rates-march-11-2010-mortgage-rates.html</link>
            <author>preston@crgconstruction.com (Preston Guyton)</author>
            <title>Myrtle Beach Mortgage Rates | March 11, 2010 Mortgage Rates</title>
            <description> <![CDATA[ 
Rates remain near historic lows, now is a great time to buy!

With the current homes prices in Myrtle Beach, and the all time low interest rates it continues to be a great time to purchase property.&nbsp;

If you are looking for a second home, investment property, oceanfront home, or vacant lot, we are always here to answer your questions.&nbsp; 

Below are the current rates emailed to me from Trippett Boineau from BB&amp;T Mortgage Services. If you have questions about buying or refinancing, they are available via email to answer your questions.&nbsp; 

&nbsp;

March 11, 2012

&nbsp;

Conventional Conforming Fixes Rates - Loans to $417,000 - Purchase Only

30 Year Fixed - 4.875 &nbsp; 20 Year Fixed - 4.75 15 Year Fixed - 4.25

30 Year Fixed 4.625 +1/0&nbsp; 20 Year Fixed - 4.50 + 1/0&nbsp; 15 Year Fixed - 4.00 + 1/0

&nbsp;10 Year Fixed - 4.0&nbsp;

Jumbo Fixed Rates - Loans above $417,000 - Purchase Only

30 Year Fixed - 5.50 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 15 Year Fixed - 4.875

30 Year Fixed - 5.25 +1/0 &nbsp;&nbsp; &nbsp; 15 Year Fixed - 4.625 + 1/0 

&nbsp;Interest-Only Arm's

3 Year - 3.875 &nbsp; &nbsp; 5 Year - 4.125 &nbsp; &nbsp; 7 Year - 4.375 &nbsp; &nbsp; 10 Year - 4.75 

Construction/Permanent Loan

One time close - interest only during construction

Fixed rate cap for permanent loan established at original lock-in

Float &amp; lock fixed rate at market rates 60 days prior to completion

Additional c/p program types available.

Payment on current home is not counted in qualifying ratios

Draw request handled in local offices

Will use appraised value of lot/house for conforming loan amounts if property is owned 12months prior to application

Rates starting at 4.125 ----- ARM and Fixed rates available 

&nbsp;


If you would like to speak to Trippett about current mortgage rates call (843)443-4281. If you would like to view available properties, use our Myrtle Beach MLS Search available 24/7 and updated daily. We would love the opportunity to show you available properties along the Grand Strand. 


&nbsp;

&nbsp;
 ]]> </description>
            <pubDate>Thu, 11 Mar 2010 15:33:54 -0600</pubDate>
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            <guid>http://www.prestonguyton.com/blog/financing-your-myrtle-beach-dream-home-march-3rd-2010-mortgage-rates.html</guid>
            <link>http://www.prestonguyton.com/blog/financing-your-myrtle-beach-dream-home-march-3rd-2010-mortgage-rates.html</link>
            <author>preston@crgconstruction.com (Preston Guyton)</author>
            <title>Financing your Myrtle Beach Dream Home | March 3rd, 2010 Mortgage Rates</title>
            <description> <![CDATA[ 
You have finally found&nbsp;your dream home overlooking the water in Murrells Inlet - What's Next?


&nbsp;

&nbsp;


If you have already spoken with a Myrtle Beach Lender then you should have an idea of the many available programs and rates.&nbsp;If&nbsp;you are&nbsp;considering purchasing&nbsp;a primary residence, investment property, Murrells Inlet waterfront home, or vacation home, the current rates for jumbo and conventional loans are unbelievably low.&nbsp;There is no better time than&nbsp;the present to take advantage of tremendous savings and purchase your dream home!



Below are available programs and rates provided by Trippett Boineau at BB&amp;T Mortgage Services in Myrtle Beach. If you are still searching for a property along the Grand Strand, or you are searching for a Murrells Inlet waterfront home, please use our Myrtle Beach MLS Search Tool. Our website search is available 24/7 and listings found at PrestonGuyton.com are updated daily!&nbsp; 

Rates provided by Trippett Boineau of BB&amp;T Mortgage Services - March 3, 2010 

Conventional Conforming Fixed Rates - Loans to $417,000 - Purchase Only

&nbsp;

30 Year Fixed: 4.875 + 0/0&nbsp;&nbsp;&nbsp; 20 Year Fixed: 4.75 + 0/0&nbsp; &nbsp; 15 Year Fixed: 4.25 + 0/0&nbsp;&nbsp; 

30 Year Fixed: 4.625 + 1/0&nbsp;&nbsp;&nbsp; 20 Year Fixed: 4.50 + 1/0&nbsp; &nbsp; 15 Year Fixed: 4.00 + 1/0&nbsp;&nbsp;&nbsp; 

10 Year Fixed:&nbsp; 4.25 +&nbsp; 0/0&nbsp;&nbsp;

&nbsp;

Jumbo Fixed Rates - Loans above $417,000 - Purchase Only 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 Year Fixed: 5.625 + 0/0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 Year Fixed: 4.875 + 0/0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 30 Year Fixed: 5.375 + 1/0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 Year Fixed: 4.625 + 1/0

&nbsp;

Interest Only ARM's 

&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 Year: 3.625 + 0/0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; 5 Year: 4.00 + 0/0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 Year: 4.25 + 0/0&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 Year: 4.625 + 0/0

&nbsp;

Convertible ARM Products - Conforming to $417,00

&nbsp;

3 Year Arm w/ 2 &amp; 5 caps: 3.375 0/0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 5 Year Arm w/ 2 &amp; 5 caps: 3.625 0/0 

7 Year Arm w/ 5/2/5 caps:&nbsp; 4.125 0/0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 Year Arm w/ 5/2/5 caps: 4.50 0/0 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 



&nbsp;
 ]]> </description>
            <pubDate>Wed, 03 Mar 2010 20:28:48 -0600</pubDate>
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