What you need to know if your thinking about buying a home or condo in Myrtle Beach in 2017
Experts expect the 2017 housing market in Myrtle Beach to continue to be mainly a” seller’s market”. Prices are expected to rise, inventory will be tight and buyers will be faced with competition for the nicer well priced homes. Buyers must be ready to move quickly when they find a home that meets their needs.
Top Tips for Myrtle Beach Home Buyers in 2017
1. Don’t wait. Start looking early, You’ll face less competition if you start searching in January and February. With inventories tight, there’s likely to be just as many homes available in the winter and early spring as later in the year.
2. Comparison shop for your mortgage. Rates are likely to tick up slightly in 2017. Talk to several lenders, at least a few. Rates and costs vary widely and it won’t hurt your credit score if multiple mortgage providers check your credit. Check with Credit Unions and local banks, they may have the best terms.
3.Consider new construction. New home building in the Myrtle Beach area will continue to increase. A new home could mean mean less competition and a have a better selection of features. Realtor.com® predicts the Grand Strand Market (Myrtle Beach, Conway, North Myrtle Beach, Murrells Inlet and Pawleys Island) will be one of the top 10 markets in the country for new-home sales this year:
4. Buy West of The Waterway. Competition for homes closer to the beaches will continue to drive prices higher. You can always get more bang for your home buying buck if you go inland a few miles. Carolina Forest, Longs, Conway and Aynor will have the most affordable homes in the area.