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Hilton Head Real Estate is back in 2010

It is an in creditable real estate market right now for the buyers here on Hilton Head. 
The Island Real Estate market has adjusted 35% - 40% from 2006. We have seen the bottom as our sales have more than doubled from this time last year and our inventory is decreasing in numbers every day.
 Example; Beautiful Estate Wexford home dramatically below market value.    

This stately 4000+ sq ft home has dynamic curb appeal, circular driveway w/ fountain, golf view, private swimming pool & spa surrounded by a large deck area, master suite w/ fireplace, fully paneled office w/ fireplace and a mirrored workout room. 1990 build, 3Br 3Ba  2 half baths.
Owner paid $1,065,000  -  Bank Owned; Now at $615,000  
 Please do not hesitate to call or e-mail me for more information. Direct Hilton Head office 843-441-0295
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You're Health and Residual Income for Life ..Lifemax

Are you interested in your overall Health and could use a Residual income for the rest of your life, If so, I would love to share with you an amazing product that has 8 x’s the amount of Omega 3’s than in Atlantic Salmon. It is exploding throughout the World and will benefit everyone’s health and wellness including the poorest Nations of the world.
 
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http://lifemax.net/jamesdkeillor/worldvision.html?language=US-EN
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Sincerely Yours,
 
 Jim Keillor

LifeMax Omega 3’s Live Healthier and Longer

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Top Economist Say Housing shortage coming in 2011

 If new homes are not  built soon in the U.S., there will not be enough homes next year for the demand.   

All the attention in the US real-estate market has been the number of foreclosures and buyers trying to purchase under valued housing.

 But Brian Wesbury, chief economist at First Trust Advisors, says that if Americans don’t start focusing on building new houses, the market will have a much bigger problem on its hands.

“Our demand in the US is one and a half million houses per year just to keep up with population growth. If we count all the teardown homes and loss from fires in America, we will need 1.7 milloin more homes built each year.  As it stands now, there is a small percentage being built at this time.

 Jim Keillor

843-441-0295

U.S. May Face Housing Shortage in 2011 - ABC News

Feb 20, 2010 US may face housing shortage in 2011, economist says. Home sales figures for June did far better than economists had expected.
abcnews.go.com/Business/us-face-housing-shortage-2011/story?id…

Economist: Housing shortage coming in 2011 - MSN Real Estate

Feb 23, 2010 Economist: Housing shortage coming in 2011. He says that if new houses aren't built soon in the U.S., there won't be enough next year.
realestate.msn.com/article.aspx?cp-documentid=23505825 - Cached
A housing shortage? It’s possible, experts say - Business

Mar 21, 2010 A housing shortage? It’s possible, experts say of the houses we need just to keep up with population growth,” and that it could create a shortage by 2011. Pennsylvania, Rhode Island, South Carolina, South Dakota
www.thestate.com/2010/03/21/…/a-housing-shortage-its-possible.html - Cached

http://realestate.msn.com/article.aspx?cp-documentid=23505825

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Horse Races on the Beach in Hilton Head Is.

If you are here in Hilton Head this Sunday the 28th  2010 ~ 

You don't want to miss the 2nd Annual Marsh Tacky Horse Race at Coligny Beach this Sunday from 11 am - 3 pm.

The Gullah Festival’s second marsh tacky race is moving to Coligny Beach.

Marsh tackies, a squat breed of horse indigenous to the area, ran last year on Mitchelville Beach Park on Hilton Head Island as part of the festival.

To See Island PropertyClick Here for Island Virtual Tours

Island Packet link;

http://www.islandpacket.com/2010/02/16/1140417/the-marsh-tacky-race-will-go-on.html

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Bottom pricing is here in Hilton Head & going

There are always a few that run ahead of the pack, while the rest of the herd watch the race. They truly want to buy a vacation destination here in Hilton Head but are standing by on the sideline watching this market go right on by; Again missing the greatest opportunity of a lifetime.

 We have gone through a vast amount of inventory here on the Island and our bottom properties are fewer than ever. If there was ever a time of action, it is Now!

 We are well into recovery; When everybody can see, and feels all warm and fuzzy about buying and investing; “Means You Just Missed The Boat”. Don't get me wrong, you can still buy a property, but you will be paying about 20% higher and as you are very familiar with, Interest rates will bounce up again overnight….Huge factor…. 

 Be a smart buyer, first talk it over with your spouse, make sure this is something you can afford and want. Then take action an be firm in your decision.

Happy buying,

Your Island Realtor,

    Jim Keillor    

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Hilton Head Island; A glance into Paradise

Greetings from Hilton Head Island; Where the sun is sweet and the ocean views are a glance into Paradise.

There has never been a better time to purchase property here in Hilton Head. Whether it is for a vacation getaway home, investment property or a primary residence. Many of the Island owners that have been around for awhile, understand real estate cycles. They know the tide always returns; The Island will not always remain a buyers market, some have traded up while others have downsized to fit their needs. Folks that have a surplus of funds, have purchased a second and third property here on the Island for their future and also for the future of their children and grandchildren. Gated ocean resort lifestyle living will always be in high demand and enjoyed by many from around the world for a long time to come.

Summers on Hilton Head Island are purely for relaxing and reconnecting. Our serene beaches, lush landscape and family activities help you do just that. You can walk along the shore or take a boat ride in the Calibogue Sound and find great blue herons and dolphins playing in the water.

Vacations are like families — they come in all shapes, sizes and desires. Dad might be looking to get away for a round of golf; mom might prefer a beach umbrella with friends planing that evenings night out; while the children prefer to play beach volleyball, sand dollar and ride the ocean waves.

Whether you are looking to purchase, sell or trade a property, please give me a call as I am happy to help.

Above all things, I would that you prosper and be in good health, even as your soul prospers.
 

 Thank you for your continued support through referrals and recommendations.
 

 It is always a pleasure to assist you in all your real estate needs.
 

 Your Island Realtor,
 

     Jim Keillor

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What are the Benifits of joining Palmetto Dunes Club

 

The Palmetto Dunes Club is a wonderful place to meet your neighbors that share common interests and activities. A great place to establish lasting friendships.  For more information about the club and the many opportunities it offers to the resort’s property owners, call 843-441 -0295.  

Tennis Privileges: 

 Palmetto Dunes Club members can purchase a discounted tennis membership which affords special privileges at the world-famous Palmetto Dunes Tennis Center.  The Palmetto Dunes Tennis Center is ranked in the top 50 resort tennis centers, according to Tennis magazine, and renowned for its professional teaching staff.  The tennis membership offers:

  • Special court fees and pro shop discounts.
  • Scheduling privileges and limited complimentary guest court time.
  • Reduced rates on leagues, clinics, stringing and tokens for night play. 
  • Free racquet rental and ball machine use.

Kayaking: 

 Members may store their boats and equipment at the club and kayak or canoe on Palmetto Dunes beautiful 11 mile lagoon.

Other Events: 

 Fun and Game Nights are scheduled around activities like Trivia, Treasure Hunts, Bingo and anything else our talented members come up with.  There is usually a Game Night scheduled each month. 

Thats just to mention a few perks the Club has to offer.  Join today and meet a good friend for life!!

Jim Keillor  

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Freddie Mac CEO: Housing is Near Bottom

According to Freddie Mac’s CEO: 

Housing Is Near Bottom
The inventory of foreclosed houses still hampers the recovery of the housing sector, but overall, the U.S. housing market appears to be at or near bottom, Freddie Mac CEO Charles Haldeman told the Detroit Economic Club on Tuesday.

He predicted that the 30-year fixed mortgage rate would remain between 5 percent and 6 percent through 2010.

“The big downside risk to all this is a large wave of homes now in foreclosure potentially hitting the market at prices that are destructive,” Haldeman said.

Source: Reuters News, Soyoung Kim (01/26/2010)

We have seen Hilton Head Islands inventory decrees conciderably in the past three months. There are many that are taking advantage of  bottom pricing and historically low interest rates. 

If you are still on the fence as when to buy, Now is the time! Before the best valued, location and condition properties are taken by the prudent.  

 Feel free to contact me for further Island information.

        All my best to you,

           Jim Keillor

  

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Point of Sale Sc Tax Law

Dear Clients, Friends and Property Owners Sc.

 We are at a very crucial time on the Point of Sale reform. There is strong opposition from the Municipalities Association, and Association of Counties.These organizations do not see how point of sale is affecting real estate sales or creating an unfair tax. The Senate is wavering, but our State Senator Tom Davis is in full support of this cause. Below is an e-mail I received today from Tom Davis. 

Jim Thanks for your email. 

 I agree with you on the need for “point of sale” reform, which is why I am a primary sponsor of this reform legislation and why I voted during the last week of our 2009 session  to give it “special order” status on the senate calendar.  Unfortunately, because of the desire of the majority in the legislature to take up other matters (namely, the 10th amendment resolution and payday lending reform bill) in the final two days, we ran out of time to address this issue.  I was very upset that the majority of legislators failed to understand the critical importance of the point of sale reform bill. I have been a real estate attorney for over 24 years and I know first hand how important this reform is. I am especially upset since the votes were there to pass the bill.  I will continue to do everything I can to make that happen when we return to Columbia next week.

Tom Davis
State Senator for Beaufort County
Senate District 46
Gressette 602
P.O. Box 142
Columbia, SC 29202
Phone: 803-212-6008
Fax: 803-212-6011
District E-Mail: tom@senatortomdavis.com
 

As an active REALTOR® who works on behalf of homeownership throughout the Lowcountry of South Carolina, I need your help.  Under the current law in South Carolina when a property is sold, the new assessed value of the property increases to the point of sale.  This inequity in the law has caused an unfair tax for property owners! It has hindered  economic recovery, and contributes to loss of jobs and growth for South Carolina.   As a member of the South Carolina Association of REALTORS®, we are working to change this law.   

James D. Keillor
Dunes Marketing Group
843-842-0891 office
843-441-0295 cell
800-258-5202 ext. 891
www.HiltonHeadHomes1.com
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To Appeal Your Hilton Head Real Estate Taxable Value

As Property owners on Hilton Head Island, you may not be satisfied with your assessed taxable value, you may want to be appeal this action. There are some important facts to remember and to consider:

  1.  The date of the taxable value placed on your property is December 31, 2007 the date cannot be changed, even though the market value may have declined.  Sales from 2007 and as late as very early 2008 may be considered as comparables. 
  2. If you feel your property is assessed incorrectly or If you have questions about the physical characteristics of your property, you can go to www.bcgov.net  
  3. Most market values should be within a reasonable range of market value as of December 31, 2007. Remember it is the “Taxable Value” that is important. Assessor’s office personnel are available for questions at 843-470-2522  (Beaufort, 843-757-1500 X 226(Bluffton), 843-341-8411(Hilton Head Island).
  4.  You have 90 days from the date of the notice from the Assessor’s office to file the appeal.  You can file the appeal yourself, or have an “Authorized” person file an appeal for you. Only certain people may be “Authorized” including Attorneys, CPA’s,Corporate Officers,and Certified Appraisers. There are many good appraisers in our area who could act as your authorized representative since he or she would also be able to do an appraisal of your property as of December 31, 2007 which would be helpful .   Be sure to visit the county web site  www.bcgov.net

      You may also want to speak with a real estate attorney for advice before hand. 

 Best wishes,  Jim  

  

   

 

 

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