Myrtle Beach Real Estate Report

Gene Carter and The Beach Pro Team


[email protected] 

September 22, 2011
Volume 2011 Issue 09
In This Issue
Foreclosure Listings
Developer Auction
Best Buys
Foreclosure Auction

Gene Carter CDPE

Professional, Courteous Service / 25 Years Experience / Oceanfront, Waterway & Golf Real Estate Specialist in Myrtle Beach, North Myrtle Beach, Little River, Surfside, Garden City, Murrells Inlet, Litchfield, Pawleys Island, Carolina Forest
Hoffman Logo


2200 Premier Resorts Blvd

North Myrtle Beach
South Carolina  29582

News Flashes



The fixed rate 30 year interest as of Friday, September 16, was 4.125% for our oceanfront developer owned condos in Sandy Beach II, Oceans One and Holiday Sands.  Over 40 buyers have taken advantage of the 60% price discounts and super-low interest rates in 2011.  Contact me for details.




The Hoffman Group, as of September 7th, had over $62M   

in closed condominium sales so far in 2011, 66% more than our next closest competitor (around  $37M in closed condominium sales).

Quick Links...



Greetings from Myrtle Beach!


I've been sending out newsletters about once per month for years to all of my clients and customers for which I have email addresses.  It has come to my attention recently that many of you have not been receiving these.  This is the first newsletter I've sent using a new supposedly more user-friendly system (new format too!).  If this is the first newsletter you have received from me, particularly if you have been a long-time client, please send a brief email reply to let me know.  The focus this month is on buying opportunities.  Next month I'll tackle some interesting local market trends.

Upcoming Foreclosure Listings
Breakers Resort
Breakers Resort
The following properties were recently purchased by various banks at our most recent foreclosure auction and I can arrange for you to be notified the moment any one or more of these properties are listed in MLS.  Since bank-owned listings typically sell very quickly....Read full story 


Developer Auction (October 8th)
Prince Resort
Prince Resort
Over 50 condos in 3 different oceanfront developments - Prince Resort Phase II, Coral Beach and Sea Mist - are scheduled to be sold at an auction in Myrtle Beach October 8th.


You may already be aware of this since this event has been marketed extensively nationwide.  The advertised "opening bid prices" are 40% below even current distress sale prices, but please be aware that the Seller has an unpublished minimum selling price for each property beneath which offers will not be accepted.


Still, this presents some interesting opportunities.  Financing is also available for purchases in Coral Beach and Prince Resort Phase II.  Buyer agent representation is welcome (and advisable!) so contact me if you want more information or if you would like for me to work with you on this.  Thank You!  

Best Buys (My Picks)
The following current listings are exceptionally well-priced and represent great values.  This is a live link to listings and will change according to changes in the MLS (Pending, Sold, etc.) Link to Listings


October 3rd Foreclosure Auction
Margate Tower
I can arrange for you to acquire the property of your choice (see list) at the upcoming foreclosure auction.  My contact can purchase a property of your choosing at the auction within pre-determined parameters, allowing you to buy a "foreclosure" property before it is ever listed in MLS to avoid.....Read full story


That's it for this month.  If you are considering buying or listing any property on the Grand Strand, or if I can be of assistance in any other way, please contact me.  Also, please feel free to forward this newsletter to friends or acquaintances and of course I will be happy to add them to my email list.

Finally, please let me know if you are going to be in the area and would like to get together.

See you at the beach!

Gene Carter
Beach Pro Team
Cell Phone:  843-455-4785
Email:  [email protected]

This newsletter expresses the opinion of Gene Carter CPDE.  Specific property information is deemed reliable but is not guaranteed.