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The Myrtle Beach of the 70's and 80's was an
entirely different place than the Grand Strand since 2005. Once known as
the "Redneck Riviera" with its "mom and pop" hotels, fair-ground-like
amusement parks, and seafood buffets on every corner, our beach has changed
over to miles of high-rise luxury condominiums and multi-million dollar
beach houses.
For the person thinking of investing in an
oceanfront condo, we have something in most every price range, but it is
important that you find a realtor who is very familiar with the area, the
rental potential, and possible problems that go along with deciding where
and which condo to buy.
Location, Location, Location
Yes, you've heard that saying for years. Never
is it any more important than buying a beachfront condo for investment
purposes. Should you buy in downtown Myrtle Beach, North Myrtle Beach,
Surfside, or even on the Intracoastal Waterway? Do you intend to use your
condo for yourself and your family, or are you intending to put it into a
rental program and have limited use for vacationing? Do oceanfront condos
produce as much rental income as some of the newer projects along the
waterway with boat access and golf privileges? Those are the questions that
you need to think about, and then be certain your agent is qualified to
advise you before you buy.
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