The old saying that “Good things come to those who wait” has always been true.  Well the wait is over! 

If you’re thinking of buying a resort property on Hilton Head, I have never seen a better time to buy.  I know there are a lot people whose New Year’s resolution is going to “pick up a place at the beach”; well now is a good time to do so. 

All of the lights are green when you look at what is important.  First of all, prices are down to approximate levels that we saw 6 or 7 years ago.  Second, interest rates are at historic lows.  Third, inventory levels are extremely high.  In other words, whatever you want, we probably have three or four of them. 

When you look at what is happening in the real estate market now it is a great time – the wait is over!

For buyers it is also good news that there are a number of bank foreclosures properties that banks are willing to sell at greatly reduced prices.  So not only do you get a good value but you get a good location, good interest rates, and there are a lot more motivated sellers that want to get their property sold.

How long will this window of opportunity last?  Well, I don’t know but I know usually the market picks up in the Spring.  So if people are looking to purchase, I tell them now is a good time to do so.

Sincerely yours,

James Wedgeworth