Myrtle Mike Thompson, Realtor

What do you think of this clever take on bunk beds?

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Her words, not mine! Lol. But I do strive to provide all of my clients with a world class experience from start to finish. If you're looking to buy or sell a property in the Myrtle Beach area, I would love the opportunity to work with you! Shoot me a message on here or text me at 843-999-2301 👍

Surprise, surprise. Myrtle Beach makes the list!!

The 10 Best Markets for Your First House Hack Rising prices and crushed affordability have made house hacking an even better way to start your investment journey. These 10 markets offer the best opportunities.

Are you a fan of bright colors like this in your living room?

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Your overnight visitors would be staying in comfort in this spacious guest bedroom!

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FACTS. Knowledge is power!

Today’s Biggest Housing Market Myths Have you ever heard the phrase: don’t believe everything you hear?

My passion is to serve you! Whether you're a first-time homebuyer or buying a property for the 10th time, you deserve expert guidance and a skilled negotiator on your side. Not sure what your next step is? Shoot me a message and let's chat!

Absolutely thrilled for my buyer clients from Connecticut! 🎉 Great house. Great neighborhood. Great price!! Looking to buy or sell a home soon? Shoot me a message!

Finding a home with a renovated, functional basement like this can be like finding a hidden gem these days! If you had a basement what would you use it for?

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Just start by choosing the perfect agent (me) 😁😁

PSA!! Our industry is going through some change this year. Though you may see differing opinions and reactions, the intent is to provide further transparency for you, the homebuyer or seller. Feel free to hit me up with any questions!

This pool almost looks like a real pond! What a nice place to take a dip and relax.

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I am pleased to feature the following properties! For questions or to schedule a showing, contact me today!

Phone: 8439992301 Email: [email protected]

843-999-2301

Myrtle Mike Thompson, Realtor

Whether you're looking to sell your home soon, considering a mortgage refinance, or just want to plan for the future, these tips can help boost your property's value 🏡.

We overcame a few obstacles with this one. My buyer showed tremendous perseverance and now is the proud owner of a beautiful oceanfront condo 🏖️. I couldn't be happier for her and her family! .mahieu thanks for all your help, brother! 👊

Join us for breakfast and a great networking opportunity. All are welcome and it's FREE!!

Butcher block countertops... they look beautiful in almost any kitchen, but are they the right choice for you?

They're naturally anti-bacterial, durable, biodegradable, and affordable- particularly compared to granite or quartz countertops.

To ensure they last, you'll need to sand and apply oil bi-annually to protect the wood.

To maintain their beauty, wipe clean with damp cloth and mild soap to clean. Avoid harsh detergents, chemicals, and puddles of standing water. You can sand out most light scratches, dents and dings with high grit sandpaper. Be sure to recondition or oil when wood gets dull or shows signs of cracking or aging.

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2024 MID-YEAR INVESTOR RECAP FOR THE MYRTLE BEACH MARKET:

Myrtle Beach and its surrounding communities - collectively known as the "Grand Strand" - have garnered a lot of attention from the investor community over the past several years. Is it justified? YES!, lol. See my other posts/comments. For now I simply wanted to share some data as we head into what could be a very active second half of 2024.

This is a great time to buy an oceanfront condo. Inventory has hit a 6-month supply, up about 90% from last year. Average days on market is hovering around 125. This means a lot of units are sitting, and we're seeing a lot of price reductions, lower offers being accepted, sellers willing to help cover buyer closing costs, etc. Contrast that to 2022 when units were getting multiple offers within hours of being listed. Interest rates are showing signs of improvement. If you've been looking to buy, the next few months leading up the election is the perfect time, in my opinion. After the election and purported rate cut(s) from the FED, I expect buying activity to pick up rather noticeably, which means more competition and likely higher prices. I have local lending partners at the ready if you need a referral, one of whom can now finance beachfront condos and condotels with only 15% down instead of the typical 20-25%.

I follow KeyData metrics for vacation rentals. 2024 has been a solid year for Myrtle Beach short-term rental owners. Occupancy, ADR, and RevPAR have all been down slightly from 2023, which we expected based on inflation (less people traveling) and saturation (more available units for rent). But when we compare this year's figures to 2019 (the last normal tourism year pre-COVID), we see continued growth. For example: For the week ending August 3rd, Occupancy is up 4%. ADR is up 21%. And RevPAR is up over 26%! Obviously some property types and locations are doing better than others. Feel free to reach out and I'd be happy to share more insight with you.

For traditional buy and hold investors, long-term rents are up 1.3% year over year... not bad considering how quickly they jumped between '21-'23. The massive influx of full-time residents to our market in the last 5 years has led to a shortage of affordable housing for renters. And higher interest rates have priced out many would-be first-time homebuyers, forcing them to remain in a growing tenant pool. Builders and institutional investors have responded with a number of build-to-lease projections throughout the area. And new construction in general is booming - accounting for 47% of single-family home sales this year! With builders offering in-house financing as low as 5.5% for investors/second home owners, and warranties on roofs and HVAC systems, I continue to support new construction as a solid choice for LTR buyers.

The Biggest Mistakes Sellers Are Making Right Now The housing market is going through a transition.

We were made to live in relationship with our Creator and his creation. Invest in people.

If you've been sitting on the sideline, now might be the time to jump back in the game!

www.keepingcurrentmatters.com

How would you rate this living room space?

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I love giving out closing gifts, but today one of my clients surprised me with one! Thank you so much, friend! That was so sweet and thoughtful 🥰.

Would you rather have dark or light colored cabinets in your kitchen?

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It's an excited look - trust me 😍

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Thinking about buying or selling, or have a question about the market? Shoot me a message!

Are Home Prices Going To Come Down? Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening.