What NOT To Neglect When Buying Myrtle Beach Condos For Sale

What NOT To Neglect When Buying Myrtle Beach Condos For Sale

Myrtle Beach Condos For SaleNow is a great time to buy Myrtle Beach condos for sale with the continuously dropping market prices and increased condo foreclosures. Lots of individuals are making money and profiting from their condo investments. This is why it is currently considered as among the best money making real estate investments that even an average individual can accomplish.

Despite these assurances, you can never be too sure of your condo investments. There are lots of things to consider before you can be sure you are making a great deal and that you will not waste your money, time, and effort in this investment. Some of these important considerations that you should make include the location of the condo, the type of buyer you want to target, and your marketing strategies.

Aside from these, though, there is one thing that you should NOT neglect to look into when buying condos for sale – the condo building’s vacancy rate.

Why should you consider the building’s vacancy rate when buying Myrtle Beach condos for sale?

The primary reason for this is that the vacancy rate will affect your monthly dues and condo fees. If the vacancy rate is low, expect to have increases in your monthly dues and condo fees since you will be sharing the building maintenance expenses with only a few unit owners.

Keep in mind that owning a condo unit is like owning a piece of a pie. All of you who own a piece of the pie are responsible for maintaining the entire pie plate. In purchasing a condo unit, you agree to pay condo fees every month, which mostly covers costs for building maintenance and upkeep. These fees also include other daily costs and reserve costs. A portion of this fee is also kept and saved for future unexpected repairs.

A low vacancy rate may be due to several reasons. One of these reasons is when condo unit owners are unable to continue making payments, letting their units go into default. When these units are foreclosed on, the building association will resell the unit in an attempt to continue receiving funds for the upkeep of the building. If these units fail to resell and new building assessments have been completed, the current condo unit owners will become responsible to pay for the building maintenance and upkeep of the building facilities.

This is why, if you are not careful in choosing which Myrtle Beach condos for sale to buy, you will end up paying monthly dues and condo fees that are bound to increase after several years. So the next time you plan to invest on a condo, choose one with a high vacancy rate.

For more tips in buying Myrtle Beach condos for sale, call Jerry Pinkas Real Estate Experts now.

The Jerry Pinkas Real Estate Experts
604 N. 27th Ave
Myrtle Beach, SC 29577
843-839-9870
myrtlebeach-condosforsale.com

Your only source of helpful information on Myrtle Beach condos for sale!

How Do You Make A Value Purchase With Myrtle Beach Condo

How Do You Make A Value Purchase With Myrtle Beach Condo

Myrtle Beach Condo Have you ever thought that investing in Myrtle Beach condo foreclosure can be a cost effective way for you to become a homeowner? If you are a young professional without a family or with a small family, this type of investment is the just the ght fit for you! By investing on a condo unit, you can be a homeowner without spending a lot of money on mortgage and down payment. Plus, you don’t have to worry too much on maintenance and upkeep.

A condominium is typically a residential building where you can buy a unit and share the use of complimentary facilities in or near the building – such as swimming pool, fitness center, entertainment rooms, ballroom or concession hall, or business areas – with other owners of condo units in the building. Everything is covered and handled by the condo association including building maintenance and insurance. Of course, you will be required to pay a monthly or yearly fee to cover maintenance and upkeep of the shared facilities. You also have the option to get insurance for your condo unit.

And to make a condo purchase even more beneficial for you, you can opt to purchase foreclosed condos. This will provide you with further financial savings and more flexibility in managing your finances.

Here are some other benefits of purchasing Myrtle Beach condo foreclosures.

  • The opportunity to live in comfortable and safe locality with excellent facilities even with modest budget.
  • Offers you a highly profitable earning opportunity if you want to turn your condo purchase into a profit-earning investment.
  • Allows you to very easily own a Myrtle Beach condo because there are a number of banks and lenders that offer affordable financing options with low interest rates to help you with your purchase.
  • Instant access to a wide range of remarkable amenities including tennis courts, game rooms, and play areas.

If you have finally decided to purchase a condo foreclosure, below are some tips to help you ensure a good bargain deal.

  • Subscribe to online listings to get the latest updates on suitable condo foreclosures. This way, you will most likely be the first to know about a condo unit nearing foreclosure.
  • Consider all options made available to you. Compare their rates, unit conditions, building amenities and other features, and asking prices before making your final decision.
  • Once you narrow down your choices, allot time to inspect each unit personally. In doing so, you will be able to take note of necessary repairs needed which you can use to negotiate the price.
  • Always consult a professional realtor to help you assess whether or not you are making a fair negotiation offer.
  • If you can, negotiate only with the sellers to ensure you get a high discount.

Contact Jerry Pinkas Real Estate Experts for additional details on purchasing Myrtle Beach condo foreclosures.

The Jerry Pinkas Real Estate Experts
604 N. 27th Ave
Myrtle Beach, SC 29577
843-839-9870
myrtlebeach-condosforsale.com

Your Myrtle Beach condo experts!

Would You Consider Buying Myrtle Beach Condos For Sale?

Would You Consider Buying Myrtle Beach Condos For Sale?

Myrtle Beach condos for saleIf you are looking to invest in a type of real estate, you should definitely Myrtle Beach condos for sale. They have all the different types and sizes of condos that meet your needs and requirements. You can select from a wide range of available units that will surely fit your budget.

What kinds of Myrtle Beach condos for sale can you buy?

The answer to this question greatly depends on how much you are planning to spend on your condo purchase. Of course, the bigger your budget the nicer and more luxurious condo you can buy. This will most likely have a built-in kitchen, spacious bedrooms and elegant bathrooms.

On the other hand, having an average amount for your purchase doesn’t mean you will have to settle with substandard and small sized units. There are regular sized condo units with bedrooms and bathroom that can suit your needs. If you really don’t need a spacious unit and all the added features that it comes with, you can opt for the basic type of condo and use your excess budget in purchasing decorations and furniture.

If you plan to live alone, there are studio-type condo units available in Myrtle Beach. These units usually don’t have a partition for the bedroom and living room. It has an average sized bathroom and a pantry for the kitchen. These units typically look like hotel rooms. The only difference is that it comes with a pantry/kitchen where one can prepare meals. Studio type units are often purchased as a place to stay while vacation in the city. These are also most common to young adults who want a place to live in that is near to their place of work.

As long as your budget allows, you can consider a penthouse type of condo unit that is complete with its own private swimming pool, Jacuzzi, sauna and/or a rooftop garden.

How much does a condo cost?

Another aspect to consider in buying Myrtle Beach condos for sale is your reason for buying. Are you purchasing for your personal use or as an investment opportunity? It will be easier to choose a condo to buy when it is meant for your personal use. Commonly, a typical condo unit may cost around $19,000. This amount will go up as the floor area and living space becomes bigger.

But, if you are purchasing as an investment opportunity, you will have to make several considerations and make sure that the condo unit you will buy is located in a prime location (where there are lots of potential buyers. You have to ensure it is built efficiently and designed properly.

To search for a condo to buy, you can do a quick internet search and look for units you want to consider and view in person.

For more information on Myrtle Beach condos for sale, call Then Jerry Pinkas Real Estate Experts now.

The Jerry Pinkas Real Estate Experts
604 N. 27th Ave
Myrtle Beach, SC 29577
843-839-9870
myrtlebeach-condosforsale.com

Your partners in buying Myrtle Beach condos for sale.

Professional Investing Tips For Myrtle Beach Condo Buyers

Professional Investing Tips For Myrtle Beach Condo Buyers

Myrtle Beach CondoMore and more people are considering buying a Myrtle Beach condo because of all the advantages that comes with a condominium lifestyle such as requiring minimal maintenance and access to a wide range of amenities. Condos are indeed the perfect investment for people who have a busy lifestyle and are always on the go.

If you are considering investing in a Myrtle Beach condo, below are some expert tips.

1. When buying condos, take a closer look on the building’s homeowners’ association dues and see whether or not it is appropriately allocated to necessary fees. Each condominium building has different rates and includes different fees such as water and other building utility service, insurance policy, and maintenance repairs like roof replacement, exterior maintenance of the specific unit, and others. Some condo building owners also include cable and electricity fees.

2. Ask the Myrtle Beach condo building owner that you are interested in if they maintain adequate cash reserves. When a condo building maintains cash reserves, they usually no longer require special assessment fees in the future. But there are also some building owners that require payment for special assessment dues by the end of the year aside from maintaining cash reserves.

3. If you own a car, find out what type of parking lot the condo building provides for its tenants. Make sure the parking lot has 24-hour security or is gated and guarded. Access to a highly secured parking lot may, however, require additional rates on top of your homeowners’ association dues or monthly fees.

4. Carefully analyze all the amenities that come with owning a unit to a specific condo building. Some of these amenities and facilities may include business centers, fitness centers, spas, tennis courts, bike rentals, game rooms, and others. It is important for condo building owners to ensure their tenants will be able to continue living their lifestyle. Should you feel that a condo unit doesn’t satisfy your needs, there are lots of other condo buildings in Myrtle Beach that you could consider.

5. Make time for a professional home inspection on the condo unit you are considering buying. This is necessary so that you’ll be able to point out necessary repairs on the unit and assess whether or not it is a great buy. If you find anything that needs repairing or replacing, notify the seller at once. Otherwise, use these to negotiate a lower purchase amount for the unit.

For more Myrtle Beach condo buyer tips, contact Jerry Pinkas Real Estate Experts now.

The Jerry Pinkas Real Estate Experts
604 N. 27th Ave
Myrtle Beach, SC 29577
843-839-9870

http://myrtlebeach-condosforsale.com/

Your Myrtle Beach condo professionals!

Better real estate market means scattered tight inventories – MyrtleBeachOnline.com

Better real estate market means scattered tight inventories – MyrtleBeachOnline.com

From time to time we love to to create the news as it requires Myrtle Beach condos available. Here is a publish from Google News concerning the latest trends. In the finish of this article are additional links resulting in more details. Hopefully you like these updates.

MyrtleBeachOnline.com Better real estate market means scattered tight inventories MyrtleBeachOnline.comMYRTLE BEACH — There was a time not that long ago when Grand Strand Realtors were pleading for a lower inventory of foreclosures so sales of traditional homes could pick up. … The market for condominiums was somewhat diff…Better real estate market means scattered tight inventories – MyrtleBeachOnline.com

Jerry Pinkas Property Experts happen to be serving Myrtle Beach position for over 10 years. They are fully aware real estate market and just how to best buy or sell a Myrtle Beach condo Our website – Home Guide Myrtle Beach – is loaded with lots of tips about how to sell your condo, property trading or how for the greatest buy inside a Myrtle Beach condo. Call us at 843-839-9870 we are happy that will help you with any property transaction.

Additional posts on investing in condos

  • Factors To Consider When Searching For Suitable Myrtle Beach Condo
  • Myrtle Beach Condos For Sale – Myrtle Beach Real Estate – Condo …

Jerry Pinkas Real Estate Experts
604 N. 27th Ave Myrtle Beach, SC 29577‎
(843) 839-9870

http://myrtlebeach-condosforsale.com/

homeguidemyrtlebeach.com

Factors To Consider When Searching For Suitable Myrtle Beach Condo

Factors To Consider When Searching For Suitable Myrtle Beach Condo

Buying a Myrtle Beach condo is much like buying any other real estate property. It is a huge financial investment that you should carefully think through prior to actually acting on it. On the other hand, buying a condo is not only a huge financial commitment but also a lifestyle commitment.

Myrtle Beach Condos5 Factors To Consider When Purchasing a Myrtle Beach Condo

The condo’s location

One of the primary reasons why people choose living in a Myrtle Beach condo rather than an actual home is its convenience. Condos are found almost everywhere. You only have to choose a specific location where you want to live and start looking for the most suitable condos there.

When choosing a location, you will have to consider where you work, the nearest accessible transportation, and the places you frequent the most. These considerations are necessary to provide you with utmost convenience and comfort. It might not be the best financial and lifestyle commitment to take if the condo you decided to buy is situated far from all the things you care about and you most often do.

Neighbors living in the same condo building

There are condos developed especially for the elderly as well as for other age ranges. It is important to ensure that the condo you decide to buy inhabits people who are in the same age as you. This will help you to get along with everyone in your building and would most likely help prevent issues and conflicts between residents.

Plus, a Myrtle Beach condo made for the elderly has different facilities and features than the average condo. These features are specifically designed based on the lifestyle of an elderly. And you may not be comfortable living in that kind of condo building.

 Association fees

All condominiums require monthly association fees. These are monthly dues paid by the owners of all condo units in the building. Money from these monthly payments are used to pay for the building’s insurance, maintenance, repairs, and access to added amenities like pools, fitness rooms, and recreation centers.

You need to consider the association fees because this could vary from each condo building. Some may require average fees while others may estimate on the up side. Association fees may range from a few hundred dollars to a thousand or more dollars. Ask for a breakdown on where the association fee will be allocated and analyze each breakdown. This is only to ensure you are not paying more for something that you will not directly benefit from

Security measures

Every condo building has a different security measure. Compare each one and choose only those that employ strict security measures such as installation of security cameras, high-tech security system, and 24-hour doorman. This is important not only for your own safety but also to ensure your assets and belongings are safe whenever you are travelling.

Condo building rules

Every condo association employ house rules and regulations, which should be followed by all residents and unit owners. These rules are not likely to be the same for every condo building. So take your time in studying and comparing them. Be sure you can easily abide by the rules of the condo unit you are planning to buy.

At JP Real Estate Experts we know condos – here is a testimony from a satisfied Myrtle Beach Condo customer:

I just wanted to let you know that our first condo purchase was completed and Barb and your team helped make the whole process as smooth as can be. Being from outside the Myrtle Beach area we thought the process would be a lot more complicated. Barb helped us throughout the whole process and promptly answered any questions we had. She also helped us find the necessary professionals such as Lawyers, Insurance agent, and Rental office in such a way that the service they provided met the expected quality we had received so far from your team. We were very impressed with Barb’s knowledge as well as you team’s knowledge of the area as well as the “unknown factors” that can make or break a deal. The easy going no pressure presentations were impressive and although I had done quite a bit of research prior to coming down for my visit, you were able to find options which were far and above superior to what I found.

Due to our location and distance from Myrtle Beach our relationship with your team had to be one of complete trust; and although a little cautious at the beginning the integrity of your team is beyond reproach. In looking for properties both you and Barb were not afraid to say no to certain buildings and you followed that up with well backed facts. Even though you would say no you were always ready to take us to the building just in case we were really interested. We provided you with our needs and you supplied us with all the necessary information quickly whether it was through email or in person. As a buyer’s agent Barb really represented our best interests, she helped negotiate the best possible deal for us and we were very happy with the result. We would not have any hesitation in recommending your team to our friends and I am sure that they would receive the same type of service we got.

We actually enjoyed the process the first time and with the money we saved we decided we would want to purchase another Myrtle Beach condo.

Thanks again,  Rino Amoruso

Jerry Pinkas Real Estate Experts
604 N. 27th Ave Myrtle Beach, SC 29577‎
(843) 839-9870

http://myrtlebeach-condosforsale.com/

homeguidemyrtlebeach.com

Your Myrtle Beach Condo Experts