Everyone wants to know when the Hilton Head Market is at the bottom.......the problem with waiting for the bottom is that it's almost impossible to time it, only one sale will represent the bottom...... what you have to do is be educated and find the "bottom range"----I believe this is a range that, through analysis, becomes evident, and I believe that for a number of different property types(homes, villas, lots) in many different communities (for example Hilton Head Plantaton) here on the island we are currently seeing those ranges.
The other problem with waiting is that the interest rates (which are currently at incredibly low levels) may move up....think about it a 10 percent market drop in prices is nullified by a 1% increase in interest rates on a 30 fixed loan...so waiting for another drop in prices and missing out on these fantastic rates may be something to consider.
Sean Ryan and Associates can help you target the best properties for your specific needs and then help you analyze the numbers to help you determine the " bottom range" and figure out the best plan to formulate and present an offer so you can take advantage of these historically low rates, and this incredible buyers market. Just call us at 843-842-4400 or visit us at www.LiveOnHHI.com.