Nobody is happy. That’s right, in this real estate market, nobody is happy – not even the buyers.  I did not realize this until I was talking to a Realtor friend of mine from Chicago today.  We, as Realtors, think that purchasers are happy and excited because they are getting some phenomenal deals in this [...]

There was an article in the local Island Packet today that discussed home prices rising over the last several months (based on a survey of 20 cities). I was talking to a client of mine and they said they did not know who to believe; one day the newspaper says that things are getting better [...]

Caroline did some research this morning on real estate sales during the first 16 days of March, April, May and June.  Unfortunately, the numbers showed me that the market is not quite moving in the direction I want it to be going in.  The numbers were as follows: March 1-16: 103  April 1-16: 101 May [...]

I have had a lot of clients call and ask me how the oil spill in the gulf has affected Hilton Head Island.  Hilton Head Island has noticed an increase between 25% and 30% in visitors over the last several weeks.  We had a call from a family friend who visits Panama City, Florida every [...]

If you read my blog yesterday, you know that we were talking about the states with the highest percentage of mortgages with negative equity.  The following are the states with the lowest percentage of mortgages with negative equity; Oklahoma with 6.1%, New York with 6.2%, Montana with 7.4%, Alabama with 7.4% and North Dakota with [...]

I received several phone calls from clients this morning asking if I had seen 60 Minutes last night.  Unfortunately I missed it, but I have actually been doing some research myself looking at the percentage of mortgages that have negative equity – meaning that the owners owe more than the property is worth.  There are [...]

At the Beaufort County bank foreclosure sale on Monday there were approximately 150 properties that were foreclosed on – some in Beaufort, some in Bluffton and some on Hilton Head Island.  We went through a 15-year time period where we had no foreclosures on Hilton Head.  There is an old saying that says “a rising [...]

It is this time of year that we all start thinking about our goals for the new year.  Here are my suggestions to my real estate clients on Hilton Head.  If you are thinking about buying resort property, now is the time to buy.  Prices have never been lower, interest rates are low, sellers are [...]

When I go on a listing appointment and I am explaining the value of property, people often tell me that they want to list their property at “x” value.  Many times the price they want is way above the market, but they reply “find me a buyer who does not care about money.”  I’ve been [...]

Of course nobody knows for sure if we’ve been through the worst yet but there are some interesting statistics that I recently heard.  I was on a webinar the other night where one of the top foreclosure experts was going over some statistics.  She had actually been monitoring sales in the 4 worst markets in [...]