Great Open House

I had a great open house over the weekend on my $2 million Gascoigne Bluff listing. We had about 45 people come through and I think I may have got some great leads. Sure, we had a few lookers, but I think for the most part, we had some people who are actually interested in buying (assuming they can find the right place).

When I was talking with another agent that had stopped by with a client of theirs, we spoke about the activty that we are seeing in the market. I have been seeing many properties with multiple offers, which is good. I say that it is good because sellers are starting to price their properties well so they will actually move. As more properties sell, then we will get back to the point where property values will at least go back to what they are worth. And once we get there, then we can work on increasing property values. I guess that's one good thing about Real Estate in the Hilton Head Island area, is that so many people want to own property here that we will recover nicely.

Thanks again for stopping by!

Neil

Busier days in the Hilton Head Island Real Estate Market

Well, I got another offer yesterday. Things are actually going pretty well in the local Real Estate market. I now have 9 transactions pending. Now we do the whole trying-to-get-them-to-actually-close thing. I guess this is what it feels like to actually be in real estate. Just as an example, here are some issues with my current real estate sales that are posing issues:

On one deal, after losing out on two different homes, my buyers finally find a great house that has been almost completely remodeled. We get the inspection done and what is the 1 major issue we have???? Roof issues! Are you kidding me?? Luckily for us, we have good sellers on the other side. Let's hope that we can get this issue resolved. I think we will.

We have had a few other issues with some properties such as many being short sales, so we have to wait about 6 to 9 weeks just to get a response. Another issue is high humidity in a villa (I think the buyers forgot that they are buying in Hilton Head!). The buyers had a humidy test done on a day when the humidity was 94% with the doors of the villa open. Yes, I think the levels might be a little high when checked under those conditions.

Overall though, based on my speaking with other realtors and seeing the activity that I have both with buyers and sellers, I think that the market is doing pretty well.

Thanks for stopping by,

Neil