Myrtle Beach Real Estate Q&A with Chris Kavanagh
MyrtleBeach.com fields lots of questions about Myrtle Beach real estate. We get everyone from locals looking to buy or sell homes, to our loyal vacationers who are thinking about relocating to Myrtle Beach. To help us out, we asked a local real estate expert, Chris Kavanagh, to give our visitors some insight on the Myrtle Beach real estate market.
Chris is a member of the National Association of Realtors as well as the Grand Strand Real Estate Investors Association, and is a certified National Association of Realtors Accredited Buyers Representative. Chris works with Watermark Real Estate Group, which handles all types of real estate around the Grand Strand. To contact Chris with any of your own questions, visit his website: www.ChrisKavanaghMB.com
Q: What is the best piece of advice you could give someone who’s considering relocating to Myrtle Beach?
A: Make sure you are familiar with the area in regards to climate, things to do, jobs school districts and overall way of life.
Q: What are a few things prospective homebuyers should know before beginning their search in Myrtle Beach?
A: Understand how property taxes are calculated and find out ballpark homeowner insurance payments.
Q: What would you tell a prospective homebuyer who is on the fence about buying an existing home or starting new construction?
A: There is no wrong answer. Some people love the idea of buying brand new knowing no one else has lived in the home. Plus there is a warranty that comes with the new home. Others feel that an older home in an established neighborhood is better for them. They can do their own due diligence ahead of buying such as talking to the neighbors on how they like living in that community.
Q: The Carolina Forest area is home to many housing developments, some of which are still growing. What are some of the biggest draws for homebuyers in that area?
A: Carolina Forest is growing to be a self-sufficient area. There are multiple grocery stores, gas stations, restaurants, outlet stores, etc. There is a post office and now its own library and recreation center. Carolina Forest has its own civic association to give the residents a voice when it comes to county initiatives. Unless you want to go to the beach, you don’t have to leave Carolina Forest for practically anything you need.
Q: What are some of the fastest growing residential communities around Myrtle Beach and the Grand Strand?
A: Carolina Forest, Market Common and even parts of Conway are growing areas.
Q: Are there real estate rules or laws unique to Myrtle Beach or SC that prospective homebuyers should be aware of before purchasing a home on the Grand Strand?
A: South Carolina is an attorney state for real estate closings so all closings are done by a real estate attorney instead of a title company.
Q: If a family’s main concern were giving their child a great education, what neighborhoods/communities would you show them?
A: Carolina Forest consistently has a good reputation for the school district.
Q: What advice would you give to someone looking for foreclosures and short sales in Myrtle Beach?
A: Foreclosures can be great deals but just be aware that you are buying “as is.” The foreclosure bank will not provide any disclosures or warranties. Short sales are also known as “long buys.” Be prepared for the process to take 3-4 months on average.
Q: What is the best piece of advice you could give to someone selling his or her home in the Myrtle Beach area?
A: Definitely hire a real estate professional to do the marketing and coordination for the sale. For-Sale-By-Owner sales have declined over the past decade, from 14% in 2003 to 9% in 2013.
Q: If someone was looking for a home in Market Common, what are some pros and cons you think they should know about the area?
A: The pros far outweigh the cons. It is a new community with a great atmosphere. Very close to the beach with plenty of shops and restaurants to enjoy and still only about 10 minutes to downtown Myrtle Beach. The only con I know of is that it’s close to the airport so there may be some airplane noise depending on which development you are in.
Q: What advice would you have for someone looking to purchase oceanfront property in Myrtle Beach?
A: Know what the HOA fees are and what they cover especially insurance and types of amenities.
Q: What should we expect for the future in terms of the Myrtle Beach real estate market?
A: I feel the Myrtle Beach real estate market is going to keep growing. With the help of organizations like the Myrtle Beach Area Chamber of Commerce and the Myrtle Beach Regional Economic Development both tourists and new business keep coming to the area and fall in love with it.