Home Matters! The Cobb Group Blog

Cheap, foreclosed homes are hard to find. Here’s where to look and how to buy one

Note from The Cobb Group: Foreclosures are harder and harder to come by. The good news is these are easier to purchase than a short sale as the bank acts as the seller making them a standard buyer to seller transaction. Call us to talk about availability as well as pros & cons - 843-338-7256.

Should I buy a foreclosed home? 

For the right buyer, getting a foreclosed home can be an amazing deal. 

You can likely purchase a foreclosed house at a major discount, fix it up, and then live in it or sell it for a tidy profit.

But new research suggests it’s getting harder to find foreclosure bargains. There just aren’t as many on the market as there used to be. 

So, is it worth it to try to find and purchase a foreclosed home? 

That…

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Thinking of Becoming an Airbnb Host?

Here’s how to do it right:

Is it safe? Aren’t you worried about people touching your stuff? How will you manage running a rental all by yourself? These are just a few of the many questions I’ve gotten from curious friends when I decided that, after one too many eccentric roommates, I was going to rent out the second room in my swanky Brooklyn apartment on Airbnb. And after doing so for almost three years, I can honestly say it was worth all the time, money and energy — because it is an investment — and you’ll reap the rewards if you do it right. Here’s how to be not just a good Airbnb host, but a great one.

1. Always Be Upfront With Guests

When you’re filling out your host profile, it might be tempting to add a little Photoshop magic to…

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❤️ Real Estate Crush of the Week: 501 Pinckney Street

Beaufort River Living Meets Downtown Life

If These Walls Could Talk… A rare gem from the past built in 1814. Nestled on a huge lot in the Point neighborhood with character inside and out. This historic home is walkable to Beaufort's downtown district. The walled grounds with its grand entry that greets you are only your first taste of this beautiful home.

There’s so much more:

• National Historic Landmark

• large live oaks everywhere complete with dripping Spanish Moss

• stunning views of the Beaufort River and Intracoastal

• 11 ft ceilings

• the woodwork ❤️

• did you see the original Adam’s style fireplace mantels?

• 1,000 sqft of porches!!!

Come with me to walk…

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Reach For The Stars

I have emphasized the importance of carving out a time each day to expand your mind and also to study and see how others have reached their own dreams. I know you can cut your learning curve by modeling after those that have come before you and have met their success. Besides working with me, I will encourage you to look at those who are paving the way for all of us. In the Netflix documentary, “Inside Bill’s Brain,” it documents how Bill Gates carries a tote bag of books everywhere he goes. He reads everything from state budgets to modern day fiction. He continues to expand his mind whenever and wherever time allows. Here is a borrowed list of books from some of the world’s best achievers. If you are going to take the time to do this, make it count.

…

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❤️ Real Estate Crush of the Week: 22 Blue Heron Point

So…you want to live on the water but you don’t want to live in a high-priced HOA neighborhood? This week’s crush is for you! This home has it all.

Just look:

• gorgeous floors

• neutral paint

• open floor plan

• Carolina room fit for a King!

• metal roof for easy care

• private dock with boat lift

• large in-ground pool

• outdoor fireplace

• front and back porches

• quiet neighborhood

• waterfront (in case you didn’t catch that the first time!)

This is one we can all agree on! Come on. Let’s go.

22 Blue Heron Point l Hilton Head Island

$849,000

Listed by Lawrence Taylor, Charter One Realty

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Bad News, Home Buyers: It’s More Expensive for Developers to Buy Lots for New Houses

It’s costing real-estate developers a pretty penny to purchase lots for single-family homes. And that could spell trouble for people who are struggling to afford to buy a home.

A new analysis of U.S. Census Bureau data conducted by the National Association of Home Builders found that the median price for a single-family lot of land had risen 4.4% in 2018, higher than the 2.4% average rate of inflation last year.

Half of the lots nationwide now sell at or above $49,500, researchers found.

That figure constitutes a nominal national record. However, when adjusted for inflation lot prices were still higher during the housing boom preceding the Great Recession.

Nevertheless, it’s gotten much more expensive to purchase land to…

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FEATURED LISTING: 39 Arbormeade Circle

What I love about this home

Terrific opportunity. Needs TLC but has lots of potential.

More details

$199,000

1,250 square feet

3 bedrooms and 2 bathrooms

BRING YOUR CREATIVITY. 3 spacious bedrooms and 2 full baths. One story home. Large double slab back patio. Big backyard with privacy fence. Double driveway with lots of room for guest parking. Open floorplan with generous kitchen, dining area and living space. 1 car garage has been converted to a 4th bedroom, den or office with HVAC but can easily be converted back to a garage. A great investment or starter home in a quiet neighborhood! Lagoon view. 20 min to HHI and 1/2 hour to Beaufort and Savannah. BRING ALL OFFERS. MOTIVATED SELLER. WELCOME HOME!

MLS ID 398196

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❤️ Real Estate Crush of the Week: 410 Pinckney Colony Road

Wowza! Talk about a private oasis…this is it. Start packing your boxes. You can have your privacy and the conveniences around town - all at the same time. Who’s in?

Check out all this home has to offer:

• your private lot is gated, wooded, and large

• look at the amazing floors

• the master ceiling is dreamy

• I don’t even know where to begin with the porches and backyard

  • okay the pool ~ ah-maze-balls!

  • the best outdoor fireplace in town

  • a sleeping porch…Sign.Me.Up.Now!

Come on y’all! Let’s go. There’s still time to host an oyster roast.

410 Pinckney Colony Road l Bluffton

$785,000

Listed by Collins Group Realty

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Finding the Perfect Hues for Your Home

How do you usually choose the colors for your walls? Many consider their favorite shades, or they try to match existing furniture or other décor. This is how some people like to do it, but did you know that there are optimal colors for each room type?

The next time you’re ready to splash a new color on your surroundings, consider choosing a hue that suits the room’s purpose. Here are some guidelines you can use as you pick your paint.

Bedrooms: Green. This color is typically associated with calmness and relaxation. Green in the bedroom can help you rest well after a hectic day.

Offices: Blue. This shade is a productivity booster. As a calming color, it can help lower your heart rate so you can focus, yet it also stimulates…

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❤️ Real Estate Crush of the Week: 16 Whistling Swan Road

As a realtor and someone who sees many, many homes I’m a sucker for good design, and this Frank Lloyd Wright inspired house does not disappoint. The architecture is so unique, especially to the Lowcountry. You just don’t see it very often around here. I KNEW this one would catch your eye.

What else:

• OCEAN FRONT! I got caught up in the design and almost forgot - it’s ocean front!

• the windows, the views, oh my

• 5 beds, 8 baths and almost 9,000 sqft in Sea Pines

• y’all…the foyer!

• the clean lines and open spaces are just what Frank Lloyd Wright favored

• amazing sandy beach

• gorgeous pool and outdoor living space

I hear the owners are taking offers anytime! Let’s go and check this one…

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