Hilton Head Real Estate Buyers are Finding Bargains Every Day

Prices have come way down, interest rates are low and there is a large inventory of properties offering an outstanding selection to thequalified buyer.  Active buyers know that the future of Hilton Head real estate is bright and now is the time to buy.  They have been watching the market, making offers and finding bargains every day.     

Hilton Head real estate prices have fallen below levels that many of us expected.  This is the time to find bargains.

 We Will Not See Lower Interest Rates 

To wait for lower interest rates does not make sense any more.  The Federal Reserve has finished cutting interest rates and they will probably be higher in the future.  The cost of real estate will effectivly be higher as the cost of money increases even if prices remain the same or go a bit lower.  Anyone who expects lower prices should find a well-priced property as soon as possible and  then negotiate a lower purchase price.  The help of a good Buyer’s Agent is key.  Please call me, the Gated Communities Specialist  ® to find the property you want and for service you can trust.      

Hilton Head Real Estate is At or Near the Bottom     

Many economists have been quoted by the Associated Press and the Wall Street Journal as saying that we are at or near the bottom.  Popular finance columnist Suzy Orman said in her column on April 21: "This could be the time to buy a house.  While today’s market is not without risk, it offers a sweet spot of opportunity.”   On April 14, 2008 The Associated Press reported that 59% of the people they interviewed said that this is a good time to buy real estate and 40% believe that home prices will rise soon.  

South Carolina has been among the best states for home appreciation in the country and among the lowest foreclsoure rates. Foreclosures do not come close to characterizing our market but the few that we have are listed by banks with agents of the Multiple Listing Service.  They may or may not be your best buy.   The way to get a bargain is to work with your Agent who can help you find and purchase one. 

Now is The Time of Maximum Opportunity     

Prices reached their higest level in mid-2005 which was the time of maximum risk for buyers.  Prices have fallen to where they are today which is the time of maximum opportunity for buyers.  You won’t find fast profits in today’s real estate market, but if you intend to own property for at least a few years, this is an excellent time to buy. There are bargains in all segments of the market on Hilton Head Island at this time.  Please call or write to discuss your interests today!  

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