This past weekend I was in New York City visiting two  of my grown children.  On Saturday night, Jane and I went out with some friends to dinner.  We all jumped in a cab and our friends told the driver the address of the restaurant.

They had also mapped out the directions so they tried to tell the cab driver which way to drive.  It got interesting because the cab driver disagreed with the directions and of course, both parties thought they were correct.

To be compliant, the cab driver started to follow our directions until we came to a dead stop in traffic.  At that point, the cab driver turned around and told us that we should have listened to him because he does this all day, every day and knew that there would be bad traffic at that particular time of day.

This reminded me a lot of the real estate market.  Every day you will encounter people who think they have an idea of what their property should sell for or how their property should be marketed to sell.

Sometimes you need to trust the market expert and their local knowledge – they can get you where you want to go.

Today’s real estate deal of the day is a direct oceanfront home in Port Royal Plantation that has just been reduced to $1,795,000.

21 Donax Road features 4 bedrooms and 4 full baths.  Living Room with high ceilings. Roof was replaced in 2005. Downstairs has a porch. Tabby exterior. Great ocean views.

The home is in a great location and just a short walk to the Westin Hotel. Needs some updating but is priced accordingly.  Great value for a direct oceanfront home on Hilton Head in a private plantation.  I don’t think this one will last long.

Learn more about 21 Donax Road.

Today’s Hilton Head Island Real Estate Deal of the Day is 100 Governors Road in Sea Pines Plantation.  This is a SHORT SALE opportunity featuring 3-bedrooms, 3-full baths with golf course and lagoon views.

The beautiful screened porch overlooks the 129′ wide backyard.  You can enjoy all of this for $375,000.

Get more information on 100 Governors Road and Sea Pines Plantation.

Reports yesterday stated that mortgage rates have fallen again with the average 30-year fixed loan at 4.39% and a 15-year fixed rate at 3.54%.

These rates are UNHEARD of!

So not only can you take advantage of the large amount of inventory of property for sale on Hilton Head, you can get a great price on a home, lot or villa and now you can get locked into an even lower mortgage interest rate.

Check out the best of the best Hilton Head Island real estate buys here and watch for my deal of the day later today.

Today’s deal of the day is a beautiful BANK FORECLOSURE homesite in Moss Creek Plantation at 128 Timber Lane.

This is an oversized lot in a great location with lagoon to golf course views.  It’s just a short walk to the club house.  All priced at $89,995.

Learn more about Moss Creek Plantation and 128 Timber Lane.

Today’s real estate deal of the day is a great oceanside property in Sea Pines Plantation that has just been reduced to $1,995,000.

1 Surf Scoter is a beautiful 6th row home in Sea Pines Plantation and just a short walk to the beach.  This home features 4 bedrooms and 5.5 baths and has beautiful finishes throughout.  You can enjoy all the amenities of Atlantic Pointe including private tennis courts and swimming pool.

Learn more about 1 Surf Scoter.

I grew up in Laurel, Mississippi.  There was a shoe store that would have a sale once a year – buy one, get the 2nd pair for a penny.  I always thought this was a great sale.

I recently saw a cartoon joking around about the real estate market in a “buy one, get one” scenario – I sure didn’t think it was funny, but it is true, you can almost buy one and get one free – or at least at a huge discount.

In fact, there are some properties that are being sold for pennies on the dollar; and when I say pennies on the dollar I mean it.  I was in our local MLS the other day and there was a lot listed for $1.  That’s right - not a typo – one dollar!  It is absolutely hard to believe.

The condo market on Hilton Head Island is down about 50% from the top of the market in 2004 and 2005; so in theory, it’s almost like a half off sale.

The question I am continuosly asked is if we are at the bottom of the market.  Unfortunately, my crystal ball broke last week, but I really think we must be getting pretty close.

If you or anyone you know is interested in picking up a great deal, NOW is the time to buy – prices are low, interest rates are low and the rentals on Hilton Head are HOT.  Despite the market, the past two seasons have been the busiest for Hilton Head Rental companies which can only help with the cash flow of condos.

So get out there and take advantage of these deals while they last; that way when the market makes a rebound you’ll come out on top.

There are so many companies out there providing shoppers with excellent bargains so I thought to myself, why don’t we have a “deal of the day”.  There are so many properties that are spectacular values – anyone who gets these properties are definite winners.

So every Friday I’m going to give you the Hilton Head Island Real Estate Deal of the Day!

Today’s deal is an amazing waterfront home in Moss Creek – we can’t say enough about the home at 43 Peninsula Drive.

This is one of the nicest deepwater dock homes anywhere with 4 bedrooms, 4.5 baths and a beautiful swimming pool.  the kitchen has granite countertops, marble floors and it opens to a Family Room. Fireplace. Subzero refrig. Carolina Room. Formal Dining Rm. Living Rm with fireplace. Master bedroom on 1st flr with double vanity, shower, walk-in closet. 3 bedrooms down, 1 bedroom up with a loft/office. Surround sound. New stucco $125,000 slate roof. Smooth ceilings. Great floorplan. There is always water at the dock. Depending on the low tide measurement there is approx. 3-4 feet of water there at all times.

Get more information on 43 Peninsula Drive in Moss Creek Plantation.

I can’t stress enough how great some of the values are in the Hilton Head Island real estate market!  NOW I have a little reinforcement.

Hilton Head Island was named as one the of Top 10 Hottest Vacation Real Estate Markets. 

Clear Capital, which specializes in real-estate asset valuation, looked at 22 popular vacation destinations in the U.S. Using areas for which consistent sale data were available, it identified 10 markets as worth watching, based on the drop in their median price per square foot since the market peak, price stability and potential for appreciation.

So what are you waiting for?  Check out some of Hilton Head Island’s real estate buys right here!

*Courtesy of MSN.com