Vacation Home Sales Rise in Myrtle Beach And the Grand Strand Area

As the Real Estate Market comes back and people are more comfortable with the economy, Second Home and Vacation Home buyers are back in the market. As a recent interview indicated:

In the Grand Strand, condos are what most folks are buying, according to President of Coastal Carolinas Association of Realtors Joan Crowther. She says folks are buying them, everywhere from beachfront properties to more inland opportunities.

Nationally, most vacation homes are being purchased with all-cash or large-cash down payments and home prices right now are fair.

Crowther says she expects the trend to continue into the next few years while prices remain steady. She says the Grand Strand's biggest draw is the weather.

"We certainly did see that effect, a lot of people are just tired of shoveling snow," says Crowther. "While we had some cooler temperatures and some frozen precipitation, certainly not to the degree that they did, this is a very desirable area to live and place to consider for a future home."

With all that being said, history shows us that purchasing these properties are best done during the Winter months from November through March. The reason is simple, people use these as rental properties when they are not visiting. They would rather receive the rental income during the peak seasons than to sell it and miss out on that revenue stream.

So if you have been thinking about purchasing a Vacation or Second Home now is the time to be previewing the best available and getting that offer in before the summertime rentals start booking up.