Summer Days… Or is it Daze?

From Memorial Day through July 4th, the summer seems new and fresh and long lasting. But from July 4th, it is a blink until back-to-school ads, Labor Day and all of the harbingers of Fall are on the horizon.

We feel this especially in our summer visitors. They are riding their bikes, while looking all around at Seabrook Island: the homes, the vegetation and just enjoying being away from their normal (and likely ver different!) day-to-day life. We, who live on the island, are quick to recognize that these dewy eyed visitors give us real benefits… they pay lots for their rentals, they add to that with activities like golf, tennis and horse rides, and they support restaurants and services which we could not support without them.

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What do the owners of their rental properties get? First, done well, a stream of income, tax benefits and best of all, the use of their own property to create family memories! But, the rental world is a different place from even 5 years ago. Internet pictures garner the first rentals by enticing vacationers with their redone kitchens, spacious decks, well-appointed sleeping accommodations and more. Many rentals are  the favorite of this or that renter, and they return year after year. Gone are the days when you unlock the door to your rental and find a musty, dusty and dated property. Now, what you see if what you get.

Rentals of all types are on the internet. From the old line Wyndham models to VRBO (vacation rental by owner), Air BnB and Homeaway to name just a few. As a rental property owner, you can choose the traditional set-up that covers everything, to go it alone rental plans that rely on different local vendors to provide the array of services. Which is right for you? We will help you weigh the pros and cons and get you started on your first year as an investment beach property owner.

So, with all the beach communities, how do you narrow your focus to Seabrook Island? First, Seabrook Island is owned by the property owners. No developer can change our course or get us into financial trouble. Second, our proximity to Charleston gives us tourist, medical, airport and entertainment choices not dreamed of in out-of-the-way beach communities. Last, but should most importantly, you will make friends will become like (maybe better than) your family. In good times and bad, this community will be there for you!

Featured Property!

2113 Bay Pointe Villa

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Purchase a property and join us as we enjoy every day here! We are here to help you buy, sell, rent or transition into larger or smaller properties. Call or email us for more information!

Molly Burkart & Marc Chafe
Sales Executives, Seabrook Island Real Estate
843.768.7819/843.768.7248 • mollyburkart@gmail.com/marc.chafe@comcast.net

Seize the Day, Buy Today!

“Today is the oldest you have ever been;
yet, it is the youngest you’ll ever be… so enjoy this day. “

-Anonymous

This also describes the piece of paradise we call Seabrook Island. We live here, have grabbed the lifestyle and are enjoying it daily. We see lots of folks looking, thinking and still saying, “We will buy in a few years.” In our minds, this is not a good long term plan.

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Baby boomers, of all the generational name tags, think they have forever left in their lives. There is a stark parallel in real estate. Today is always the best time to buy! The reason is very simple…these are the best of times (in a long time!) Since the 2008 depression, we have been rebuilding in the real estate sector. For three good reasons, it has ramped up in the last several months: More boomers are buying, interest rates are poised to rise and prices are still very low relative to the 2006 peak. Current prices are really closer to 2002, before the huge run up.

We have been very active at Seabrook Island Real Estate for the last 6 or so months. Most buyers are younger than the leading edge of the boomers. They are still working, but planning for their life after retirement. Many will be part-time for a while and gradually will become full-time Seabrookers.

Interest rates are going to go up. Free money cannot last forever! The rates are still historically low, but will creep upwards as the economy strengthens. As interest rates go up, what you can buy will increase in price as well, and your buying power will decrease.

Prices are still good but rising! Perhaps the best way to compare prices is to look at Seabrook Village homes. Two years ago, prices were hovering around $400,000. Many of these homes were purchased above $600,000 at the 2006 peak. Today, most are selling and closing closer to the $500,000 mark, with a few into the $600,000s. New construction in the Village will be in the $575,000+ range. Village homes are the easiest to compare, since they are somewhat new, similar and are all on comparable lots in size. All of this points to some great days in your life as a Seabrook Island real estate owner. If you live here and need to move, please call us to help with your transition. If you are thinking of joining us in paradise, don’t wait – call us now!

Featured Property! 2625 Jenkins Point Road

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Attention to detail second to none in this wonderful north/south oriented marsh front island home! A stunning marshfront, Seabrook Island oasis with 4 bedrooms and 4.5 baths, stunning gourmet kitchen, formal dining room, large living room with fireplace and custom built-ins and screened porch. Offered at $1,799,000. Home details + additional photos.

Molly Burkart & Marc Chafe
Sales Executives, Seabrook Island Real Estate
843.768.7819/843.768.7248 • mollyburkart@gmail.com/marc.chafe@comcast.net