Hilton Head Real Estate Blog

Coligny Beach


View of the beach on Saturday from a 2BR/2BA Sea Crest unit that is generating nearly $70k per year in rental income.  This unit is available for hundreds of thousands of dollars less than the current owner paid for it and may be the hottest income generating property on Hilton Head Island, SC right now.  For details, e-mail me at Richard@ThePattisallGroup.com or search on my web site www.ThePattisallGroup.com or call me on the cell @ 843-304-9590.  Happy Beach Day!

For additional information on Hilton Head Real Estate, return to the home page here.

Oct. 3, 2017

5 Facts About Beach Front Property on Hilton Head Island

Often referred to as the island golf built, Hilton Head Island in South Carolina is the ideal location for families who want to live in a safe and secure neighborhood surrounded by magnificent beaches and unsurpassed views.

Hilton Head Real Estate offers residents and visitors good old southern hospitality, luxurious houses to suit all needs and budgets set in the most idyllic spot with sandy beaches, salt marshes, lagoons, the perfect climate and a host of activities to keep everyone busy.

Fast becoming South Carolina’s best worst-kept secret, Hilton Head Island’s very first residential plantation was created by the pioneer developer Charles Fraser in 1956. His vision was to build a community that would become a popular destination for holidaymakers, for those wanting to relocate and for people wanting to retire. Not only did Fraser build a little piece of heaven, his idea has since become the prototype for lifestyle developments around the world.

Facts About Hilton Head Beach Properties

Beach homes in Hilton Head are some of the most beautiful properties on the Southeastern coast, or even in the world. In the past the island was the most popular family destination for holidays, receiving awards from the industry-leading travel publications including Travel and Leisure, Conde Naste Traveler, and Parents Magazine.

In 2011 it was voted the “Best in the World Readers Choice” Awards. Let's look at why more people are choosing to call it home, and retirees are looking for the ideal Beach property to enjoy their golden years.

The Best in Sports and Local Amenities

There is no shortage of activities in and around the island, regardless of what it is you enjoy doing in your leisure time. For the sporty types, there are over 20 championship golf courses designed by world-renowned golf course architects including Pete Dye and Robert Trent Jones. Hilton Head Island is also one of the top tennis destination with the world-class tennis facility on Palmetto Dunes.

 golfing hilton head

If you prefer spending time on or close to the water Hilton Head Beach Real Estate is the only place to be. Residents and holidaymakers are able to enjoy miles of the most beautiful sandy beaches, marshes, and lagoons and the climate is suited for outdoor activities all year round.

If you consider yourself a bit of a foodie, the island boasts some of the finest restaurants and seafood around! For those needing some retail therapy the shopping plazas and stylish boutiques in close proximity, as are hospitals and top-class medical centers.

Location is Everything

Hilton Head Real Estate offers the very best in oceanfront properties for those wanting to invest. Sea Pines, Palmetto Dunes, Port Royal and Forest Beach are the most popular, while the mid-island beaches like Singleton Beach, Bradley Beach, Folly Field Beach and Burkes Beach provide unsurpassed views of the entire area.

Nature lovers will be pleased to know that even with all the development and influx of visitors the island was the first ecologically planned area, and true its philosophy all the man-made structures have been built to fit in with the natural surroundings.

Strict laws are in place to ensure the natural beauty is maintained, with very little signs of obvious development like street lights and tall buildings.

Homes are not allowed to be higher than the tree line and there are very few roads for cars. Instead, biking and walking are strongly encouraged.  

Perfect Weather All Year-Round

One of the main attractions of Hilton Head Real Estate is the climate. The weather is moderate all year round with temperatures averaging around 70° Fahrenheit. Whether you choose to spend your holidays on Hilton Head Island, spend a weekend playing golf on one of the many courses or relocate as a retiree you can be assured of the finest weather all year round.

The only downside to this little piece of Utopia is that it can get busy over certain holidays, especially the 4th of July, Labor Day and when any of the PGA golf tours are taking place. However, it’s also a great time to network with like-minded people and make new friends.

All Roads Lead to Hilton Head Real Estate

Like all beautiful coastal towns, most residents prefer to keep Hilton Head Island local, with a few visitors every now and then. Unfortunately, though tourism is a necessary evil, with businesses and locals relying on tourists’ money to invest in the area and maintain its beauty.

hilton head lighthouse

There are two airports that service the area, namely Hilton Head Airport and Savannah/Hilton Head International Airport. There are also daily flights from Charlotte as well as direct services from more than 17 US cities. For added convenience, there are shuttles offering ground transportation to and from the island.

Bike Power

Hilton Head Real Estate is a small island, approximately 12 miles long and 5 miles wide, which means there is little need for gas guzzling vehicles. The emphasis is always on nature and the island has been designed for bikes.

There is a dense network of biking trails and Islanders can ride around while taking in the spectacular views and scenery. There are 60 miles of bike lanes and over 200 miles of shared pathways. Almost all of the streets have their own designated bike lanes.

The only way to enjoy the island at its best is by bike, with secret parks, beaches, and undiscovered spots.

Invest in a Beach Front Property Today!

Hilton Head Real Estate is one of the most beautiful areas in the country, if not the world and we would love to show you around.

Visitors soon become locals, quickly finding a spot to call their home. The scenery is unrivaled, the climate is like nowhere else and the feeling of being home is undeniable. It’s not hard to see why Hilton Head Beach Properties is fast becoming the place families and retirees choose to call it home.

We would love to show you around the magnificent island and introduce to you the flora, fauna, unmatched lifestyle and a new group of lifelong friends. Contact us today to get started on buying Beach Front Real Estate in Hilton Head.

Sept. 10, 2017

Hurricane Irma - Sea Pines Beach - HHI

Hurricane Irma - Sea Pines Beach - Hilton Head Island, SC - Sunday, September 10, 2017

 

Sea Pines Beach - Hurricane Irma

 

Click the link below to view live Periscope telecast of conditions update on Sea Pines Beach at Green Heron:

 

Hurricane Irma - Sea Pines Beach - HHI - Sunday, September 10, 2017

 

Perhaps you are aware that we are awaiting the arrival of the first rain and wind bands of Hurricane Irma on Sea Pines Plantation on Hilton Head Island, SC as of this writing, Sunday evening, September 10, 2017.

Irma is likely to bring 6-inches or more of rain, winds in excess of 50 mph, and storm surge of perhaps 3- to 6-feet.

All of these statistics are fortunately downgraded significantly from initial forecasts during the week preceding.

Despite the fact that Irma has weakened from a Category 5 hurricane with 175 mph sustained winds and 225 mph gusts down to a Category 2, at current, and threatening Naples, FL, we will inevitably begin to see the effects of this ominous disturbance over night tonight with the most severe damage coming tomorrow, Monday, September 11, 2017.

The Pattisall Group will update with similar telecast, pending avoidance of evacuation, tomorrow and Tuesday - we are hopeful of no major damage on HHI and will have to assess as develops.

Stay tuned, be safe, and come see us!

 

Posted in Hurricane Irma
Sept. 13, 2016

What You Should Know Before Buying Your First Home

There are a lot of things to consider when you're considering purchasing a house. This isn't a task that can be taken lightly, because you want this investment to last for years to come. When looking for a new home, you need to do more than just going to an open house and place an offer. You need to know which questions to ask, and what considerations need to be taken before you can take the next step in the home buying process. If you do find a house that you want to make a home, consider the below tips so you don't make any mistakes:

1. Make Sure You Can Afford The Place

There is a very good chance that you won't have all of the money needed for your new home, and that's alright. However, you need to make sure that your credit rating is at a good level. If your finances are out of order, or you've opened multiple credit cards recently, you may not want to rush into buying a home. Otherwise, the interest rate, loan amount, and other terms set by a lender can be drastically altered.

2. Know The Features You Need And The Ones You Can Compromise On

Understanding the things you need in a home versus the things you want can be difficult. Finding a great house that checks off the important things on your list, at a price you can afford, is one that you won't want to get away. Not every house you look at will be move-in ready, with the less important aspects included. Allowing your standards to match your price range will be the first step in finding a great home.

3.  Get Yourself Pre-Approved For Your Loan

You may notice that a lot of homebuyers are either pre-qualified, or pre-approved for their mortgage loan. Those who are pre-approved have an advantage over pre-qualified people, because it means that the financial information of the person has already been examined, and a lender knowing the exact amount of the loan. If you're pre-approved, you also don't need to worry about falling in love with a home, only to be told that it'll never be yours, because you won't be able to afford it.

Find Someone To Help

 

These are only three of the most important things to do before investing in your first home. When you're buying a house, you want to make sure you have all of the information possible before taking that step. By contacting a realtor, you're giving yourself the chance to be highly informed, and aware of the steps needed to be taken. This is a very big step, and it's not as simple as one might think. With budgets and finances being the largest factor to consider, there is a lot of preparation that needs to be done. Speaking to a realtor can answer all of your questions, and help you get everything you need ready for buying the home of your dreams.

Jan. 21, 2015

2015 Sales Ramping-Up

Sandhill Crane Beach

Sales are ramping up on Hilton Head Island this week with the first $1M+ homes going under contract for 2015.

For additional information on Hilton Head Real Estate, return to the home page here.

June 1, 2014

The Seacrest Villas

In working with another client, I have stumbled upon two villa properties that offer EXCEPTIONAL income production, some discount from current market (more with the third floor unit than the fourth floor unit), and significant discount from historic high exhibited by the pricing on both.  If you have even a remote interest in this kind of property, they are worth a close look.

 

This is the view from the balcony of the third floor unit over Coligny Beach and read-down further to see financial data:

 

The Seacrest Villas

 

Unit 3304                                             Unit 3404

 

Bedrooms:                                 2                                                             2                             

Baths:                                       2                                                             2

Sq Ft:                                        1,453                                                     1,453

Regime fee:                               $708                                                      $708

Property Tax:                             $8,481                                                 $8,481

 

Gross Income:                           $67,500                                                TBA (I would expect $75,000+)

 

List Price:                                  $749,000                                              $899,000

 

Last Sale:                                 $715,000 (1/27/2012)                             $715,000 (1/27/2012)

Current Owner Paid:                   $1,100,000 (4/29/2005)                        $1,050,000 (12/18/2006)

2005 Market High:                     $1,100,000 (4/29/2005)                        $1,100,000 ( 4/29/2005)

 

Projected Sales Price:                    $700,000                                              $800,000

 

The first reason to buy is that these units generate nearly 10% of what I project to be the acquisition cost for each, when the market norm is about 5%.  Unit 3304 is advertising $67,561 gross rental income for 2013, 2012 was $63,793 and 2011 was $58,433, and $59,184 so far this year.  Unit 3404 does not yet have the numbers attached to it, but I bet they are the same or better.  At this level of gross income, the projection is that each of the units would earn substantially over monthly and annual costs so as have the ability to substantially retire the expense of any reasonable existing mortgage (at 75% LTV or lower) – and that is highly unusual.  I do not know what would beat these units as far as cash on cash return – in fact, one unit in this building 3 Sea Crest is supposed to be doing 48 weeks.

 

The second reason to buy is that they are listed at 68% and 82% of the market high for each – near-foreclosure pricing that you only found at the bottom and do not often find anymore – and a successful sales contract would typically be at a discount to list price – making the probability that there is plenty of room for capital gain very high.

 

The third reason to buy is that unit 3304 might beat the last sale in terms of discount – unit 3404 is unlikely to do that and should be discounted more from list than 3304 – however, is still an excellent buy in terms of the revenue that it will generate as a function of the sales price and the expected appreciation over the next several years.  Rental income details are likely to be available tomorrow, and I am sorry to not have them available now – it is a brand new listing that does not yet have complete information advertised by the listing agent.

 

3304 The Sea Crest on www.ThePattisallGroup.com:

 

http://www.thepattisallgroup.com/search/details/52f/0/

 

3404 The Sea Crest on www.ThePattisallGroup.com:

 

http://www.thepattisallgroup.com/search/details/59k/0/

 

 

Here is unit 3304 as advertised on the Vacation Company web site:

 

http://www.vacationcompany.com/hilton-head-rentals/properties/3304-seacrest-forest-beach/

 

Reply or call me on the cell if you are inclined to consider and would like to discuss – 843-304-9590.

For additional information on Hilton Head Real Estate, return to the home page here.

March 25, 2010

National Flood Insurance Reform

The Flood Insurance reform that consumers demanded will address the unintended consequences from last year's FEMA flood insurance overhaul.

Due to recent disasters which cost everyone billions, NFIP (National Flood Insurance Program of FEMA) had to revamp the program and bring it in line with actual risks; resulting in the 2012 Biggert-Waters Law. FEMA also updated the flood zone designations and flood maps causing hundreds of thousands to be cancelled and renewed at, in some cases, unreasonably high premiums and influencing real estate everywhere.

As of May 1, 2014, the 2014 Flood Insurance Affordability Act. comes to fruition. This Act allows a new property owner to assume the old policy at the old rate; plus it applies to second homes, businesses, and lapsed policies as well. It also grandfathers changes in mapping, and, perhaps most importantly, sets maximum annual rate increases at 18%.

There will be further information streamed to us as the Act is analyzed and understood by the industry and the large insurers get their regional agents out into the field to bring the local brokers and agents up to speed.

For more information on NFIP, go to

https://www.floodsmart.gov/floodsmart/pages/residential_coverage/rc_overview.jsp

For additional information on Hilton Head Real Estate, return to the home page here.