It is a buyer’s market here on Hilton Head – the selection is strong and the prices are fair, so buyers don’t need to make nearly the compromises they may have in a market with fewer options. The strong selection also allows buyers to “make an offer”, something they cannot generally do when selection is low and bidding wars ensue.
In this market, a buyer can take their time and find what they really want in a home rather than rush to beat another buyer. In the hot seller's market of 2005, everything was rushed. Find a house before other buyers did. Hurry up and make the offer. Today, a buyer can look at several homes and think about them for a few hours before making a decision. A buyer also has the freedom to practice due diligence and obtain a home inspection. In 2005 many buyers waived these contingencies in order gain an advantage with multiple offer situations. Sellers are also more amenable to entertaining repair requests as part of an offer.
Finally, real financing is available. The 'wink, wink' zero down, no doc, adjustable, sub-prime loans are gone. Fixed rates are back. It's a great time to buy real estate!
It is a buyers market on Hilton Head Island, and NOW is the time to purchase your piece of paradise! With a nice selection of properties available, and great deals around every fairway, Hilton Head beckons you. Call Lindsay today to discuss the possibilities! Please visit my "Featured Listings" to see some great values!