I sell beach homes in Beaufort, South Carolina including Fripp Island. Selling or buying real estate especially now may sound risky. In this economy, why would you? If you could afford it or maybe won the lottery, would it be the prudent thing to do? Have you read the newspapers lately?
In spite of the reports of our economy, on Sunday, I sold a Fripp Island beach home to a Peachtree City couple from Atlanta, Ga. They had dreamed, planned, saved and agonized for years about buying a beach home, and time was ticking. They had cash…the old fashion kind that was earned.
They knew they wanted to diversify their investments. Their investment advisor told them that real estate is a good idea. After touring Beaufort together, they became convinced that maybe “now is the right time to buy” and Beaufort the right place. Prices at record lows, inventory and choices at a high, and if they elected to finance mortgage rates are at record lows.
If they acted now they would be taking advantage of the “buyer’s market” that currently exists and includes attractive values for the least cost. They could buy low….sound familiar. It would fulfill a lifelong dream. Their strategy included a long hold. Their long hold would minimize their risk and maximize their potential gain. Their planned retirement was ten years away. Then they would live here full time. In the meantime they could enjoy shorter durations and visits. It was a sound plan, a solid investment strategy and they were ready to act.
We spent all day Saturday touring through our short list of homes. They were committed to the process, to learn the area and the market. In preparing for our tour, we had spent weeks on line culling hundreds of homes determining a short list. Our homework was complete, we had a plan, all the homes were qualified. It paid off.
The part I did not expect is this… They fell in love with the very first home we visited. They did not know it at the time…it took ten hours touring other homes…and two more visits to the first home and a good Beaufort night’s sleep. The next day and one more visit they knew without a doubt, that they had indeed found the perfect beach home…a place that had until now had only been a dream. We were able to negotiate a great price….and in the end a smart investment.
When they left Sunday, I still had time to go to late church and prayerfully express my gratitude for what I do for a living.. I help people obtain their lifelong dreams, but it is more than a dream. It is the culmination of years of their hard work and smart investment. Of course there are risks. But in the long haul there seems to be a lot more opportunities and rewards.
If you are curious about seeing, what Beaufort Real Estate offers feel free to email me and I will email you back…or visit my website or quick links below to explore on your own.
Ron Maddox, Owner/Broker, Seaside Real Estate, S.C. email: Maddox.email@example.com c 843 263-2190
Postscript: After Anthony and Holly replied to the blog, I added two pictures to better explain what they saw on their visit and a a facebook page link for more pictures with views…truly spectacular.