The expression “just deserts” or “just desserts,” as it is often misspelled, simply means to receive what one deserves.
So, the real question is what do you deserve? If you feel that your life would be better spent in a semi-tropical climate enjoying activities like walking on the beach, biking, kayaking, observing nature and enjoying an overall stress-free environment, maybe Hilton Head Island is the place for you.
The Lowcountry real estate market is alive and well… at least for buyers.
We have a large selection of inventory. This includes our fair share of distressed listings, prices that hearken back to 2003 and historically low interest rates.
The average interest rate nationwide on a 30-year fixed rate mortgage is around 4.55%, just .38% higher than the all-time low!
From January 1978 to September 1991, the average interest rate nationwide on a 30-year fixed mortgage never got below 9%. Borrowing $100,000 at 9% over a 30-year period requires an $805 monthly payment. Borrowing $100,000 at 4.55% requires a $510 monthly payment.
Why Buy Now?
The Lowcountry area is part of a natural migration of Baby Boomers looking to retire to warmer climates. This influx of future people retiring here.This, combined with the fact that the Island is nearing a point of being built-out, will help to drive prices up in the future.
In addition, other beach areas just get more and more commercialized. Hilton Head Island will always retain some of its natural charm due to regulations put in place years ago.
You can always find a reason to put off making a decision. But, if you have fallen in love with the Island you may want to create more lasting memories here. Then don’t hesitate because there may never be a better alignment of pricing, interest rates and inventory.
By Carey North
Navigating buyers and sellers through today’s real estate market, contact Carey North to help you find the property which best matches your needs. 843-384-6402.