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Today we’re kicking off our Hilton Head Island Real Estate Tuesday Q & A series! Today’s topic is the subject Low Ball Offers…

We had a client ask last week: “Do ALL buyers make low-ball offers these days?”  The quick answer is NO, but most buyers are pretty sure they smell blood in the water, and they have heard at least one story each about how someone they know got a “steal” on real estate recently, so there is a greater inclination and comfort-level for buyers to approach a seller with an offer under the list price.   Sure, some offers are WAY under list price, but then again, how inappropriate/appropriate that is depends much on what the list price SHOULD be.   We always tell our seller clients “If we can justify the price to the buyer, we can justify the price to the buyer” – meaning, if the price is appropriate, attractive AND competitive, a buyer might TRY to make a low offer, but if they are truly interested in the property then we should be able to readily show the buyer the actual/real value of the property at (or reasonably close to) the asking price.

Do you have a question you’d like answered? Reply to this post with your question and it could be featured in an upcoming Tuesday Q & A!

Good Morning!

Here’s hoping you had a great weekend and are looking forward to Labor Day! The number of newly accepted contracts rose last week by 29%, while the number of newly listed properties fell by 22%!

 

Below is the MLS report for all listings on Hilton Head Island and Bluffton for the week of August 28, 2010. Please review the following and let us know if you have any questions on the statistics.

Active (New listings): 162 (Down 22% from last week)    

Homes: 86

Villas: 49

Lots: 27

Pending (Accepted contracts, but not yet closed): 81  (Up 29% from last week)

Homes: 57

Villas: 19

Lots: 5

Sold (Closed contracts): 62 (Down 8% from last week)

Homes: 37

Villas: 19

Lots: 6

Price Reductions: 242  (Up 1% from last week)

Homes: 149

Villas: 58

Lots: 35

We’ve just listed 183 Mount Pelia Road in Palmetto Bluff…the perfect place to build your dream home! This absolutely unique, ultra-private lot is set back from the road & surrounded by a wooded conservancy. Fantastic 1.94 acre lot size allows for the construction of a secluded compound… The outstanding Palmetto Bluff community boasts an array of amenities against a beautiful May River & traditional Lowcountry backdrop. Residents enjoy golf, tennis, swimming pools, boat storage, deep water access, state-of-the-art stables, shops, restaurants, fitness center, miles of leisure trails & more plus easy access to the award-winning Palmetto Bluff Inn & Spa. $486,000

August Enewsletter

 

 

Click on the image above to read the newsletter in it’s entirety.

The Hilton Head Island Association of Realtors has just released their July Housing Outlook and Monthly Indicator Reports! Highlights include days on market until sale, median sales price, months of supply as well as the number of new listing, pending sales, housing affordability index and a market overview.  These are great reports to peruse if you are interested in learning more about the unique Hilton Head Island/Bluffton market. Please click the links below to read the reports…

Monthly Indicators

Housing Outlook

If you’ve been searching for a place to build your Lowcountry dream home, but have  yet to find a lot close to the beautiful May River that fits into your budget look no further!

We’ve just listed a handful of lots in the charming May  River Place development ranging in price from $26,900 to $29,500!

Three bedroom, three bathroom home plans are available from a trusted local builder if you’d like to get an idea of what kind of  home would be the perfect fit!

For more info on these outstanding lots, please contact us at 843-341-6300!

If you’re looking for a great starter home, consider this charming, nearly-new three bedroom home! 182 Ceasar Place is located in the new Allenwood neighborhood on the north end of Hilton Head Island, making it convenient to the cross island parkway, schools, churches, healthcare and much more.  Arguably the best location in the neighborhood, this house is situated on an end-lot with expanded side-yard for added privacy.  Great upgrades include hardwood flooring, ceramic tile plus soaring ceilings, wide open floorplan, first floor master and much more at an unbelievable price of $215,000.

Good Morning!

Here’s hoping you had a great weekend!  The number of properties reaching a successful close rose by nearly 25% last week while the activity level for the other three categories fell…

 

Below is the MLS report for all listings on Hilton Head Island and Bluffton for the week of August 7, 2010. Please review the following and let us know if you have any questions on the statistics.

Active (New listings): 148 (Down 3% from last week)    

Homes: 79

Villas: 36

Lots: 33

Pending (Accepted contracts, but not yet closed): 80  (Down 4% from last week)

Homes: 53

Villas: 24

Lots: 3

Sold (Closed contracts): 78 (Up 23% from last week)

Homes: 49

Villas: 23

Lots: 6

Price Reductions: 190  (Down 14% from last week)

Homes: 102

Villas: 54

Lots: 34

Do high cooling bills have you thinking about decreasing your home’s carbon footprint while increasing your cash flow?

Consider these energy efficient home renovations which can help you save the planet, increase your home’s value and save a little cash along the way…

1. Swap out old insulation systems with a more earth-friendly alternative. Did you know you can purchase insulation that’s been recycled from old denim jeans?

2. If your homeowner’s/property owner’s association will allow it, consider a new roof that will deflect heat. White, reflective roofing can cut your energy costs by 20%.

3. Install energy-star rated windows and be sure they (and all doorways) are properly sealed.

4. If you find yourself in need of a new HVAC be sure to purchase the system with the highest efficiency tier.

5. If you reside in a sunny locale, consider having solar panels installed.

Tell us…what are your favorite ways to be green while staying cool during the stifling heat?

It’s that time of year again! South Carolina’s annual tax-free weekend is officially underway! Running from 12am on Friday, August 6th through 11:59pm on Sunday, August 8th, the “holiday” allows shoppers to purchase many back-to-school related items without paying the 6% SC sales tax.

Keep in mind that you can’t buy EVERYTHING tax free…here’s a list of what’s included…

Tax Free – clothing, clothing accessories (such as hats, scarves, hosiery, and handbags), footwear, school supplies (such as pens, pencils, paper, binders, notebooks, books, backpacks, lunchboxes, and calculators), computers, printers, printer supplies, computer software, and linens such as towels, blankets, bed spreads, sheet sets, comforter sets, shower curtains, bath rugs and mats, pillows and pillow cases!

Items not covered include jewelry, cosmetics, eyewear, wallets, watches, furniture, rental of clothing or footwear, items for use in a business or items placed on layaway or other payment plans.

Happy shopping!

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