Posts Tagged ‘Hilton Head Gated Communities’

Foreclosures Continue in the Best Hilton Head Communities 

Sea Pines has two lots and two villas in foreclosure today.

Today most every gated community on Hilton Head Island and Bluffton has at least one home, villa or lot in foreclosure for sale.  The communities include the best: Sea Pines (2 homes, 2 villas), Wexford (2 lots), Long Cove (2 homes, 2 lots), Shipyard (2 villas), Forest Beach (12 villas), Hilton Head Plantation (3 homes, 3 lots) , Indigo Run 2 homes, 3 lots), Palmetto Dunes (1 home, 1 villa), Folly Field (1 villa, 2 lots) and Palmetto Hall (2 lots).  Off-Island, they include  Colleton River, Belfair, Berkeley Hall, Moss Creek, Rose Hill, Hampton Hall, Hampton Lake, Buckwalter communities and more. 

The latest statistics about foreclosures from the Hilton Head Multiple Listing Service* are:

• Homes- today 3.3% of all homes in the Hilton Head area for sale are foreclosures, 81 homes of 2,445 total.  In June, there were 2.9% foreclosures for sale, 80 of 2,779.   On Hilton Head Island alone, foreclosures for sale are only 2.2% of the total, just 22 of 1,000 homes.  
• Villas – today 3.2% of all villas for sale are foreclosures, 37 of the 1,146 total for sale.  In June, 4.3% of all villas for sale were foreclosures, 55 of 1,279.  On Hilton Head Island only, excluding Bluffton, Hardeeville and other areas across the bridge from the Island, 3.0% of villas for sale are foreclosures, 31 of 1,030 total.  
• Lots – today3.8% of all lots for sale are foreclosures, 65 of 1,722 for sale.  On Hilton Head Island, 6.3% of all lots for sale are foreclosures, 26 of 412.  I did not report the statistics for lot foreclosures in June.  

Remember that a great deal is not always a foreclosure!  Look at all properties that meet your needs and have good prices.   To find these properties, search them on gogated.com and gather the information that you want, then connect with a good and experience agent who can help you with your search, answer your questions and advise you about your concerns and set you up with the  Buyer’s Advantage™ system, the best way to monitor the market and find a bargain. 

To get a super-bargain, you must know about it right away and that is what a good agent and Buyer’s Advantage™ does.  There is no better way to monitor the market.  To receive the Buyer’s Advantage™ system without cost or obligation and for more information about foreclosures and good deals of all kinds, please contact me, the Hilton Head Gated Communities Specialist® today!

*The MLS of Hilton Head Island requires this disclaimer: “The statistical data contained herein has not been verified by the Multiple Listing Service of Hilton Head Island, Inc. and the publication of information hereof is not a representation or warranty of any fact whatsoever.”

Richard Kadesch, Owner and Broker-in-Charge The Gated Community Specialist ® Go Gated Realty ® Hilton Head Island, South Carolina Rich@gogated.com www.GoGated.com 1-800-333-5025 Read Some of My Clients’ Success Stories

Sold Unfurnished Near The Beach For $72,500

Bargains seem to be everywhere today and at all prices.  Of course, we all want a luxury bargain on Hilton Head Island and to get one, why not buy an inexpensive property and fix it up to be as luxurious as you want?  You can buy a one-bedroom ocean view condo on Hilton Head Island today from about $100,000 and a two-bedroom ocean view condo from about $140,000.  Others near the beach and without ocean views cost less than $100,000.

I have fixed up an inexpensive condo myself and this is one reason that I can recommend it to you.  Years ago, I bought a bargain ocean view condo at the Hilton Head Resort, fixed it up, rented it out and even moved into it for awhile.   When I built the house where I live now, I sold the villa and made a good profit.  I made and saved money on that inexpensive villa and when I lived there beneath my means and invested the money that I saved elsewhere.   You may not want to rule out this option because it is there if you want it:  small but good, inexpensive, practical, comfortable - and fun!  

Use The Go Gated Buyer’s Advantage™ 

One of my buyer-clients went this economy route recently and bought a super-bargain at the Hilton Head Resort with the help of The Go Gated Buyer’s Advantage™ system.  I highly recommend this system to any serious buyer and to get it, please contact me.  There’s no cost or obligation and it can be worth thousands of dollars to you. 

After my client visited Hilton Head Island and saw the villas that he wanted to see, he went home and monitored the market – for months.  He wanted an economy villa near the beach with two bedrooms.  While he was here, he saw one at the Hilton Head Resort for $99,000 that he liked a lot, a short sale that had been purchased for about $155,000 by the seller at the top of the market in 2006. 

Then one day my buyer called to say that the villa that he saw when he was here had been re-listed as a foreclosure @ $65,000.  We agreed that it was priced very low and we immediately made an offer.  My client out-bid five other buyers and he got the villa for $72,500, cash.   The buyer used funds from his retirement account to make this purchase and the villa is now in his retirement account.  Very cool!

Three Reasons Why This Villa Was Under-Priced

• The location within the Hilton Head Resort is close to the beach.
• The floor plan has a private balcony that some other villas at the Hilton Head Resort do not have.
• The villa had many expensive upgrades like a tiled floors, tiled showers, new bathroom cabinets and fixtures, new kitchen cabinets, stainless steel appliances, granite counter tops and a clothes washer and dryer.  

 Teamwork With Buyer And Agent Means Success

My buyer did his homework and took the time to get a focus on what he wanted.  His determination and my help combined for our success.  This is an example of another super-bargain that will be hard to beat anytime soon and maybe never, despite the fact that the market continues sideways to down and even as other foreclosures come available – and others are still available.  Some deals are just this good. 

Have Fun and Save Money: Fix Up An Inexpensive Condo Near The Beach

At closing, the buyer came to Hilton Head Island, bought great rental furniture locally and made this  economy villa into a comfortable second home.  I don’t know what they paid for the furniture but it was surely less than $5,000 total and so their total cost including furniture must be less than $80,000! 

I took pictures of the newly furnished villa just a few days ago.  This is clearly a super-bargain.  It’s not in Sea Pines but it is next to Palmetto Dunes and with direct walking access to the beach.  The recreational amenities at the Hilton Head Resort where this villa is located include indoor and outdoor swimming pools, tennis courts, racketball courts, spa, exercise center and indoor track.  There is under-building parking, a wi-fi zone in indoor building three and a 24-hour manned security gate. 

For A Super-Bargain, Call Go Gated Realty® 

You don’t have to break the bank to have a second home or vacation villa on Hilton Head Island.   Good ones are for sale for less than $100,000 right now and am happy to show them to you by email or in person at any time.  For more information about the Hilton Head lifestyle on a economy budget and to discuss your real estate plans for Hilton Head Island, South Carolina, please call me, the Hilton Head Gated Communities Specialist® today!  My cell number is 843-684-2933.

Richard Kadesch, Owner and Broker-in-Charge The Gated Community Specialist ® Go Gated Realty ® Hilton Head Island, South Carolina Rich@gogated.com www.GoGated.com 1-800-333-5025 Read Some of My Clients’ Success Stories

 Save Big Money When You Build Your Hilton Head Custom Home

Buy a resale home listed for $799,000 like this one in Indigo Run with 3,381 sf.	Or buy this Indigo Run foreclosure lot for $99,000 and build a custom home @ $155/sf and save $175,000.

Everyone knows that  low priced Hilton Head homes and villas are outstanding values now, but even greater savings are possible when you buy a low-priced building lot and build your custom, luxury home.  It’s an option that you may want to consider, especially if you want a new house, designed and built to your own specification with new appliances and the latest building materials.  

You may not be able to buy a home now on Hilton Head but you may be able to afford to buy a lot, locking in some good savings when you build at a later time.  And, lots have traditionally been very good investments based on their high demand and diminishing supply.  

You Can Save $50,000 And More When You Build

• The prices of many Hilton Head building lots have fallen drastically in the last two years.  Among the low-priced lots are foreclosures, short sales and lots that just must be sold.
• The same things that have inhibited more sales of real estate have brought the slow sales of lots.  These include the economy generally and the low demand for building.
• Low demand for building means that Hilton Head home builders are eager for work and their prices are much lower than they used to be.  Quotes of $225/sf are not commonly seen as $180/sf and some builders will build at about $150/sf. 

Big savings are not a sure thing when you build a house but it can be an attractive option that can save you some big money but you have to know about the possibility.  Of course, some people (like me) would prefer to design and build a new house and get exactly what you want.  Today, despite the low prices of many Hilton Head homes, including foreclosures, you can save $50,000 or more when you build rather than buy a resale home.   

Lot Prices and Sales Decline From March 2007 to March 2009

Let’s take a quick look at the downward trend in Hilton Head lot prices.  The chart below compares the numbers from March of 2009 and compares them to March of 2008 and March of 2007.  The numbers in the chart were taken from Hilton Head Multiple Listing Service statistics* and they show a substantial decline in home site prices by half in just the last two years and a decline in the the number of lots that have sold by 75%! 

These numbers are just averages; while the average price of $163,000 is very good compared to previous years when similar lots were selling for $350,000 and more, we want a bargain, a lot that costs less than the average of $163,000 and even as low as $17,500!   We want some pay dirt!

Some Hilton Head gated communities with building lots for sale for less than $150,000

• Belfair with 39 lots for sale for less than $150,000 and with lots from $17,600.
• Berkeley Hall with 19 lots for sale and with lots from $19,500.
• Colleton River with 37 lots for sale for less than $150,000, with lots from $30,000.
• Folly Field with 2 ocean-oriented lots for sale for less than $150,000..
• Hampton Hall with  58 lots (!) for less than $150,000, with lots from $29,900.
• Hampton Lake with 9 lots for less than $150,000, with lots from 98,000.
• Hilton Head Plantation with 2 lots for ale for less than $150,000.
• Indigo Run with 3 lots for sale for less than $150,000 with lots from $99,000.
• Palmetto Hall with 3 lots for sale for less than $150,000.

As I said before, having options is good and you want to work with a real estate agent who can help you to compare communities, resale homes within these gated communities and others and compare building lots,  building costs and builders if the alternative is right for you. 

Savings Can Begin With A Low-Priced Building Lot

Here are some possible savings when building instead of buying a resale home:

• A home in Belfair with 2,861 sf for sale today @ $569,000 lot can be built @ $155/sf = $443,500, plus $17,500 for the lot = $461,000.  Let’s assume that the house can be bought for $550,000; the savings would be $89,000, or 16% less.  
• A home for sale in Indigo Run with 3,111 sf is listed for $639,500 right next to a foreclosure lot that was just listed with Go Gated Realty for $99,900.  Assume that the house can be bought for $625,000, consider building a new house instead with 3,111 sf on the lot next door @ $155/sf = $482,200, plus $95,000 for the lot for a total of $577,200 and a savings of about $62,300, or 10% less.
• A home in Hampton Hall is for sale @ $579,000 with 4,200 sf.  Even at $150/sf, the cost to build would be $630,000 and then you have to buy a lot, so in a case like this, buy – don’t build.  You achieve a substantial savings when you buy resale on this home.

Go Gated Realty is the Hilton Head Gated Communities Specialist®

For anyone who is interested in getting the best deal for a custom home in one of Hilton Head’s outstanding gated communities, please call me at the contact information below or on my cell number, 843-684-2933.  I am a former licensed South Carolina Home Builder who loves to compare homes, lots and communities.  We will find the home that you want or build one, even if it will be built in the future and save you money!

*This disclaimer is required by the Multiple Listing Service of Hilton Head Island:  “The statistical data contained herein has not been verified by the Multiple Listing Service of Hilton Head Island, Inc. and the publication of information hereof is not a representation or warranty of any fact whatsoever.”

Richard Kadesch, Owner and Broker-in-Charge The Gated Community Specialist ® Go Gated Realty ® Hilton Head Island, South Carolina Rich@gogated.com www.GoGated.com 1-800-333-5025 Read Some of My Clients’ Success Stories