Pawleys Island Real Estate

Litchfield Beach is a world except for the busy visitor area of Myrtle Beach, SC. Lots of the folk hunting for Litchfield Beach real estate are interested in the tranquil tiny city atmosphere the Pawleys Island area offers.

There are many positive reasons to get in this area rather than in Myrtle Beach area. Litchfield Beach is found in Georgetown County, which normally means taxes are a little lower as well as insurance in many cases. The Litchfield Beach area has not suffered from the decline in property prices like the remainder of the Grand Strand. Costs in Litchfield Beach have remained steadier.
Litchfield Beach foreclosures

Like other areas in the US Foreclosures in Litchfield Beach have been rising. The biggest difference is in Litchfield prices have remained stable.
Litchfield Beach Short Sales

For many people the idea of a short sale is pretty new. In the past the genuine estate market was moving so quickly, it was rare when you heard of somebody being the wrong way up on their mortgage. Now days things are a lot different. Short sales in Litchfield Beach have also become more common. A short sale is where the bank agrees to let the seller sell the home for under what's owed on the mortgage. Many times a short sale can be a win-win for the buyer and the vendor. The vendor gets to sell a property that chances are they couldn't afford and the purchaser gets a property many times at a great amount.

Litchfield Beach property has a lot to give. Litchfield By the Sea offers single family homes, duplexes and apartments. The unique thing about the area is due to the low density policy that Pawleys Island has maintained there are not any large high rise resorts like Myrtle Beach has.

If you're buying in one of the resorts or purchasing a home that is either sea front or ocean view there are still occasions to hire your property out to vacationers. Usually homes and apartments that are farther than walking distance to the beach and used for year round living and are usually not considered weekly / nightly vacation properties.

due to the size of the area the quantity of Litchfield Beach houses and Litchfield Beach condos communities are limited. As buildable land in the area is founded on the scarcity is certain to drive costs back up in the future.