Myrtle Beach FAQ

What is the “Grand Strand”?

The Myrtle Beach area is also known as South Carolina’s Grand Strand. The Grand Strand is a 60-mile stretch of coastline. The Grand Strand begins at the state line at Little River (in Horry County) and stretches south through Pawleys Island (Georgetown County). Considered one of the nation’s top vacation destinations, the Grand Strand hosts approximately 14 million visitors annually. Beautiful beaches and an array of attractions, entertainment theaters, shopping centers, restaurants and golf courses draws visitors throughout the year.

Are oceanfront condos popular in the Myrtle Beach area?

Yes. Oceanfront condominium ownership in the Myrtle Beach area is the most popular form of oceanfront vacation property in the area. Century 21 Strand Group specializes in oceanfront condos and our agents are extremely knowledgeable about our local market.

What is a Short Sale? 

A short sale is a real estate transaction for less than the amount owed to the bank or mortgage holder.

What is a Potential Short Sale? 

A Potential Short Sales occurs when a property owner lists their property for sale for less than the amount owed to the bank or mortgage holder. Although the list prices may be attractive, the property owner is not authorized to sell the property at the advertised amount. The owner usually plans to approach their lender after they have an offer to purchase in hand. Therefore, the offer and acceptance cycle may take significantly longer than in a sale with no stipulations.

What is a Lender Approved Short Sale? 

A Lender Approved Short Sale is a listing for less than the amount owed which has been approved by the bank or mortgage holder.

What is a Foreclosure Listing? 

A Foreclosure Listing is a property that is in the process of foreclosure by a bank or mortgage holder for non payment. The bank or mortgage holder is usually willing to sell the property prior to the completion of the forclosure action.

What is a Bank Owned or OREO Property? 

After completion of a foreclosure action, the lender often takes possession of the property and most likely will list the property for sale.

Can I rent my condo? 

Yes. Most condo buildings in Myrtle Beach provide an on-site rental service. Participating in a rental program is an excellent way to cover some of the costs of ownership. Please ask your real estate agent to provide contact information relating to the project you are interested in and be sure to check your Master Deed for rules and regulations with regard to rental activity.

What is a Master Deed? 

All condominiums in South Carolina are created under South Carolina’s Horizontal Property Act. The Master Deed is the official recorded document that creates the property regime and defines its rules and regulations.

What are the costs associated with condo ownership?  

The costs of ownership typically include HOA dues, property taxes and building insurance. As an owner, you will also want to purchase a contents and liability insurance policy. Your Century 21 Strand Group agent will provide you with all of the information specific to the properties you are interested in.

What items are included in HOA dues? 

The specific items included in HOA dues vary from property to property but are generally very comprehensive. For example, it is common to find electricity, water/sewer, cable, internet access, trash removal, security, common area cleaning, landscaping, insurance and swimming pool care.

How are my HOA dues calculated? 

Each association is governed by a Board of Directors which sets the annual budget for the HOA. Each unit within the association is assigned a percentage of ownership by the Master Deed which determines each unit’s share of annual expenses.

What is the role of the property manager? 

Most associations along the Grand Strand hire a property management firm to manage the day to day affairs of the association such as the collection of dues, the payment of bills, oversight of property care and preparation of financial reports.

Where is Myrtle Beach located?

Myrtle Beach is located about 20 miles south of the North Carolina border. The approximate driving distance to Myrtle Beach from selected key cities is listed below.

What is the weather like in Myrtle Beach?

Myrtle Beach is an excellent place to live or own vacation property featuring mild winters and warm summers.

Average High and Low Temperatures by Month

 Average Rainfall by Month

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CENTURY 21 Strand Group

1000 2nd Ave S North Myrtle Beach, SC 29582

Phone: 843-280-2121 Map