Philip A. Schembra...

2010 Off To An Exceptional Start!

2010-01-15T11:10:00.002-05:00

I have been exceedingly busy since mid-December; and if the first two weeks of 2010 are any indication, I believe that we are poised to have a much better year in real estate sales in Palmetto Dunes, Shelter Cove and Leamington. It pays to be positive, work hard and believe in your product (our community). Since January 2, I have closed or scheduled to close in excess of $12,000,000 (million) in sales in our community. this is more than any other agent/sales team closed or put under contract in all of 2009 in Palmetto Dunes, Shelter Cove and Leamington.

To read more about Palmetto Dunes, Shelter Cove and Leamington real estate, watch your mail for our quarterly newsletter which will be released soon! If you aren't on our mailing list, you can view the newsletter online at www.philschembra.com . If you would like to receive our quarterly newsletter, please contact me at phil@schembrarealestate.com to be added to our mailing list.

The Law of Supply and Demand

2009-12-04T10:52:00.002-05:00

The principle is a driving fore in prices and values in Palmetto Dunes, as we are moderately priced compared to other high-end oceanfront resort communities. i bring this point to your attention to ensure that you have a realistic understanding of your property's worth, as well as the fact that we cannot create more inventory. When the market rebounds, supply will never keep up with demand because Palmetto Dunes is a non-speculative, internationally acclaimed oceanfront destination family resort community and we are virtually sold out of developer inventory. We have a narrowly defined niche in the world-class oceanfront resort market due to superior land planning, a subtropical climate with four seasons, mild winters, an overabundance of amenities and our 15-hour drive-to-radius of more than 100 million potential owners or visitors.

Because of our finite limit on available land and strict density regulations, established by the Town's Land Management Ordinance, as well as our location in the "Sun Belt," which is projected to grow 20 to30 percent during the next 25 years, we will never be able to satisfy the demand for prime oceanfront/ocean-oriented property 5, 10, or 20 years from now.

A subtle pattern is developing regarding narrowing the spread between the listing price and the final selling price. We will not remain a buyer's market indefinitely. This is a once-in-a-decade opportunity to take advantage of a great selection of inventory at exceptionally attractive prices, along with low interest rates. We, at Schembra Real Estate Group, Inc., are starting to see much more activity in calls from prospective buyers or agents. Real estate is all about confidence and, hopefully, we are at that tipping point today. There seems to be a pent-up demand and a general mood that it is time to buy, more on with our lives and plan for our future!

Sometimes we take things for granted. We have a very special community and, based on my 33 years of specializing in Palmetto Dunes, if you can afford to buy or reinvest, mow is as good a time as any!

Tax Reassessment

2009-11-09T10:24:00.002-05:00

If you have questions about your recent Beaufort County Tax Reassessment, please contact us for a detailed overview. Steve Linsday, a full time State Certified Residential Real Estate Appraiser, recently attended a seminar by Ed Hughes, the Beaufort County Assessor, on the issue and has provided us a full page explanation for our owners.

Reduced Density

2009-09-24T11:28:00.002-04:00

Twenty-five years ago my wife's cousin, Ben Racusin, invited me to participate in his campaign to become Hilton Head Island's first mayor. It was through Ben's leadership and guidance that the Land Management Ordinance (LMO) was created and enacted. The LMO significantly reduced development and density on Hilton Head Island, which created a shortage of inventory for years to come. Today, Hilton Head Island is devoid of any major development, which is highly beneficial to all owners as island Realtors rely on individual owners for property to sell. Actions taken by our town highlighted below, helped create this supply and demand imbalance. The town spend $120,500,000 purchasing 102 parcels, totaling 1,149 acres resulting in:

A reduction of 4.15 million sq. ft. of commercial development
A reduction of 1,365 hotel and motel rooms
A reduction of 26,246 peak-hour driving trips
A reduction of housing unit projections by 35%
A reduction on 19,942 projected housing units in the '04 Comprehensive Plan, compared to the '85 plan.

Maintaining tight building restrictions and superior land planning is a huge advantage over other world-class destination resort communities that do not do so.

Finally, Good Real Estate News!

2009-08-28T12:01:00.001-04:00

This morning while I was reading articles online from newspapers throughout the Country, I was pleased with the following headlines:

Strong Report On Home Sales
US Home Prices Post Gains
Single Family Home Prices In June Were Up 1.4%
July Sees Rise In Home Sales
Home Prices Post First Quarterly Rise In 3 Years

Nationally, it appears we have started a real estate recovery, which has been long overdue. I believe that the American people now have more confidence and now realize that today's real estate market offers an exceptional once-in-a decade opportunity to buy...something I have personally felt for some time.

Real estate is all about confidence, and hopefully we are at that tipping point today. In Palmetto Dunes, Shelter Cove and Leamington we are starting to see much more activity in calls from prospective buyers or agents because of our great prices, great selections and historically low interest rates. There seems to be a pent-up demand and general mood of our buyers realize that it is time to buy, move on with our lives and plan for our future!

Today's market represents an incredible value which is evidenced by the fact that in the last month, three oceanfront homes have sold and an additional four are under contract. I am extremely proud to say that I have been involved in four of these transactions. If you are thinking about buying, don't wait and miss the opportunity that this market offers; price and location, with great interest rates.

Have a wonderful weekend!

The honors keep rolling in!

2009-08-18T10:19:00.002-04:00

Association names Arthur Hills state's top golf course

The Arthur Hills Course at Palmetto Dunes Resort on Hilton Head Island was selected as South Carolina Golf Course of the Year by the board of the SC Golf Course Owners Association.

The announcement was made late Thursday, making Arthur Hills the first Beaufort County course to receive the honor since the Robert Trent Jones Course at Palmetto Dunes earned the distinction in 2002.

After being named local course of the year last month, Arthur Hills beat out three other state finalists for the award: Shaftesbury Glen in Conway, Oak Hills Golf Club in Columbia and Dunes West Golf Club in Charleston.

Voting was based on quality of the course, management, contribution to the community and contribution to the game.

"They do so many things well on so many different levels," said Brett Borton, executive director of the Lowcountry Golf Course Owners Association. "A big part of it is the commitment that goes into it from the top. Greenwood Development's stewardship and involvement in this community has been significant for many years. it's not just about being a great golf course. it's being a very well-rounded operation."

Arthur Hills will now represent South Carolina in the national course of the year competition, an award given out by the National Golf Course Owners Association later this year. The winner will be announced Feb. 8-12 at the 2010 Golf Industry Show in San Diego. No Beaufort County course has received the national award.

Taken from THE ISLAND PACKET

Sunday, August 16, 2009

From Staff Reports

Why Would You Wait?

2009-07-29T16:25:00.000-04:00

We have been receiving positive news from the National Association of Realtors for the last few months and it looks like the market has bottomed out and is starting to move up. With great selections to choose from, great prices and low interest rates, now is a smart time to buy before prices increase. Fear of overpaying for property in today’s market is very natural.

From my recent conversations with lenders, interest rates will be going up in the near future because of increased demand and the high probability of inflation. Please keep in mind that if prices remain the same and interest rates go up by 1 point, you will be paying 17% more for the same piece of property thus, why wait and run the risk of paying more for the property at even a higher interest rate, It makes no sense.

$1,000,000 @ 5% Int. Only = $4,166/mo. payment
$1,000,000 @ 6% Int. Only = $5,000/mo. payment
__________________________________________

The difference in payment is 17%.

It doesn’t make sense to wait. Why pay more money for what you want to buy and pay more interest? Now is the time to buy!

Summer Update

2009-07-24T14:26:00.000-04:00

In typical fashion, this summer has been like a roller coaster, which seems to be predictable for this past year also. We have been generating calls and property showings the past few weeks, but we are not seeing the sales results that we would like to see.

My focus with buyers is to emphasize “family first, family second and family third” in order to help them better understand that buying in a recession can be extremely beneficial both personally and financially. Our typical summer pattern in years past has been that potential buyers look throughout the course of the summer and make decisions at the end of the summer. Hopefully, this year that pattern will hold true as we built up a backlog of potential buyers. Today’s market truly represents a once in a decade opportunity for buyers to take advantage of exceptional prices and great selections.

Why Buy In a Recession?

2009-07-10T15:00:00.000-04:00

Why Buy In a Recession? Today’s market offers a once-in-a-decade opportunity for buyers to take advantage of exceptionally attractive prices, a great selection of inventory and historically low interest rates while they enjoy all the benefits of ownership with their families.

Many real estate fortunes are made during recessions. If history repeats itself, there is no better time to buy than today. Today’s challenge is not having families fall in love with Palmetto Dunes – they do that naturally, but to help them understand “Why Buying In a Recession” can be extremely beneficial both personally and financially.

During the recession of 2002, my focus was family first, family second and family third. As a result of this focus, I was honored to be recognized as one of the “Top 100 Sales Teams” by the National Association of Realtors (NAR), which has a membership of 1,400,000. This mindset of buying in a recession for family enjoyment while knowing the purchase represents a solid real estate investment has thus far resulted in a terrific year for me. Since January 1, 2009, I have closed or scheduled to close $30,000,000 of resales in Palmetto Dunes, Shelter Cove and Leamington, which is exceeded by only $1,000,000 through the combined efforts of a company with 90+ agents.

Paradise Found!

2009-06-12T14:45:00.001-04:00

Hilton Head Island, paradise found in South Carolina… looks more beautiful than ever with the tropical, lush, green foliage! During the month of May we had a total of 9.69 inches of rainfall; nearly breaking the 1915 record of 11.13 inches. The beauty and reputation of our world-famous Island makes it easy to fall in love with the community. With a fabulous selection of property at outstanding prices and excellent financing, the timing is perfect to take advantage of this unique opportunity to purchase your real estate investment before the onslaught of Summer traffic, which historically, is our strongest selling season. Don’t put family enjoyment on hold.

Positive News!

2009-05-12T13:57:00.000-04:00

It is hard to believe that spring break, Easter and the Verizon Heritage Golf Tournament have come and gone so quickly.

Although, we saw a marked increase in homes, homesites and condominium sales in Palmetto Dunes, Shelter Cove and Leamington that were placed under contract, it is not the level of activity that I had hoped for.

Positive News: This past week, for the first time, Federal Reserve Chairman Ben Bernanke made a positive statement indicating that our economy is poised for a rebound the latter part of 2009.

This is bolstered by the announcement of The National Association of Realtors (NAR) that gave a positive report that there were more home sales than expected for the month of March. Pending home sales jumped 3.2%, defying the consensus of industry experts who had predicted no increase. Many experts feel that, at this time, we are at or near the bottom of the slow down.

Another bit of good news! The April Gallup Poll found that 71% of Americans thought that “now is a good time to buy a home”. This is very positive news as in the past several years the media has conditioned Americans that real estate was not a good long-term investment.

I am very pleased to report that the South has experienced the largest gain of pending home sales of any region in the country, jumping 8.5%, which is 7.7% higher compared to a year ago.

While this very difficult period of time in the real estate market not only on Hilton Head Island but also throughout the country, I am very excited and optimistic to see positive information released about the real estate market and why the time to buy is…NOW!

We're Easy to Find!

2009-04-22T10:19:00.004-04:00

In our effort to maximize exposure for both buyers and sellers, please find below a list of websites where you can find us:

philschembra.com
philschembra.blogspot.com
palmettodunesrealestate.info
sheltercoverealestate.info
leamingtonrealestate.info
realtor.com
HiltonHead360.com
googlebase.com
zillow.com
Trulia.com
Vast.com
propsmart.com
oodle.com
properazzi.com
facebook.com
MySpace.com
ActiveRain.com
LinkedIn.com
twitter.com
HomesofHiltonHead.com
PalmettoDunes.com

And much more...

If you find us on another website not listed here, please let us know so we can add it to the list!

A Great Weekend on Hilton Head Island!

2009-04-20T14:17:00.002-04:00

This past weekend on Hilton Head Island was great! The 2009 Verizon Heritage Golf Classic was spectacular and everyone including the Golf Channel and CBS raved about how great the Island looked. You can't buy that kind of advertising!

Palmetto Dunes also received press this weekend from The Island Packet who featured an article on "Upscale Improvements" within the community. I was proud to be interviewed for the article. If you haven't already read it, please click on the link below to view a copy.

http://www.islandpacket.com/lifestyles/realestate/story/819731.html

Gaining the Competitive Edge

2009-04-17T10:58:00.003-04:00

Are you getting the best representation for your real estate needs in our community?

Clients have gained the competitive edge because of my negotiating skills, experience, knowledge and focus of representing buyers and sellers exclusively in Palmetto Dunes, Shelter Cove and Leamington.

This concentration has earned me the distinction of being the "#1 All-Time Listing and Selling Agent in one community for homes, homesites and condominiums in the history of Hilton Head Island."

I believe this market offers an incredible time to buy. If you are thinking about selling your property, reinvesting, or contemplating a 1031 Tax Deferred Exchange or have a family member, friend or business associate interested in investing in our community, please contact me. I welcome the opportunity to share with you my years of record-breaking sales, knowledge and expertise in our community.

2009-04-16T14:18:00.002-04:00

Spring is a fabulous time of the year to be on Hilton Head Island as the Island looks absolutely spectacular! Stay tuned this weekend as the 2009 Verizon Heritage Golf Classic will be showcasing Hilton Head Island to a national audience.

Good News! I am pleased to say that this past week I listed and placed under contract 19 Brigantine, a gorgeous 6 bedroom, 7 1/2 bath oceanfront home, for $5,850,000 unfurnished.

There is an old saying, "It is easy to sell what you love and believe in." I find it easy to sell our community, as I am a 33-year resident in Palmetto Dunes and have lived on the ocean on Armada for more than 25 years.

Spring and summer are prime selling seasons for oceanfront and ocean-oriented property. We are well positioned because of our special niche in the market and moderate prices compared to other world-class oceanfront resort communities on the East Coast. Our challenge today is to find families who are looking for family enjoyment, our lifestyle and a solid real estate investment.

If you are on the Island for Heritage this weekend, please stop by my office to say hello and pick up a copy of our Spring Newsletter. Schembra Real Estate Group, Inc. is conveniently located in Shelter Cove Plaza beside the Piggly Wiggly. If you aren't on the Island and would like to read the Spring Newsletter, visit my website, www.philschembra.com and click on "Palmetto Dunes Newsletter" in the top right corner of the page. Happy Heritage!

"Top 10 Island Paradise"

2009-04-15T09:41:00.000-04:00

Hilton Head Island was recently recognized by Conde Nast Traveler Magazine as one of their Reader’s Choice Award Winners as a “Top Ten Island in North America.” Hilton Head Island was ranked number seven.

Why Specialize in Palmetto Dunes, Shelter Cove and Leamington

2009-04-14T08:43:00.000-04:00

It’s easy to sell what you believe in! As a Palmetto Dunes resident and specialist since 1976, I am totally committed to our community and to our owners. By specializing in one community, I am able to provide our clients superior knowledge, experience, integrity and 100% focus as I know where prices have been, where prices are now and where prices are headed in the future.

I am proud of the accomplishments that Schembra Real Estate Group, Inc. has achieved by helping families in Palmetto Dunes, whether as buyers or sellers, with their real estate needs, goals and objectives at the best possible prices. I still consider it a joy and a privilege to work and live in Palmetto Dunes.

Why Buy in Palmetto Dunes, Shelter Cove and Leamington... We're an Award-Winning Community!

2009-04-13T09:19:00.001-04:00

Palmetto Dunes Oceanfront Resort offers more activities and amenities than any other resort in the Southeast. Listed below are several awards our community has recently earned.

"#1 Family Resort in the United States and Canada”
-Travel + Leisure Family Magazine
“Top 10 Luxury Family Resorts”
-Forbes Magazine
“25 Best Family Golf Resorts”
-Golf for Women Magazine
“25 Best Golf Courses You Can Play”
-South Carolina Golf Course Rating Panel
“World-Class Golf Courses: Four Stars and Above”
-Fodor’s Golf Digest: Places to Play
“Best Luxury Hotels and Resorts”
-Frommer’s: The Carolinas and Georgia
“50 Greatest U.S. Tennis Resorts”
-Tennis Magazine
“Eighth Best Tennis Center in the World”
-Tennis Resorts Online

It's All About Family and Lifestyle!

2009-04-09T14:43:00.000-04:00

Happy Easter! It has been said that spring is a time of renewal. Hilton Head Island has never looked so beautiful, with the flowers well in bloom, as we prepare to showcase our beautiful Island with the 2009 Verizon Heritage Golf Tournament. It's hard to believe that it has been 33 years since I arrived on Hilton Head Island to help Palmetto Dunes' real estate sales rebound from a long recession. Since 1976, I have personally experienced five recessions and our country has endured 11, including the current recession, over the last 100 years.

A recession is a very natural part of our economy. It is a decline in economic activity, over a sustained period of time, which results in a decline in trade and prosperity. In my opinion, recessions occur when markets react to the old way of doing business, which no longer works and needs to be fixed. Our country will come out of this recession, just as it has in all previous recessions.

I find one common thread in each recession - inventories increase, while prices and sales decrease. This price correction leads to exceptional opportunities for buyers who place family enjoyment first, are looking for a great opportunity for capital appreciation and are planning on holding on to their property for 3,5,10 years or longer. Buyers' confidence in our community and our country will be rewarded with a solid real estate investment. Fortunes in real estate are made during a recession, because people buy and reap the benefits when others are trying to sell.

Remember! It's all about family and lifestyle! Family enjoyment and usage are priceless and should never ever be put on hold, while buyers are contemplating the optimum time to buy. The best time to begin creating family memories on the beach at Palmetto Dunes is now! Enjoy the community and the "quality of life" while your investment works for you. Escape to tranquility and leave your stress behind.

For more information, please visit my website, http://www.philschembra.com/

Why Buy In a Recession?

2009-04-09T10:20:00.000-04:00

Our recent symposium on Why Buy in a Recession was a huge success! Over 300 area realtors, media and invited guests attended focusing on why buying in a recession represents exceptional opportunities to purchase real estate on Hilton Head Island. People buy in Palmetto Dunes, Shelter Cove and Leamington for family enjoyment and a lifestyle. You cannot place a dollar value on family enjoyment! The time to begin creating family memories on the beach at Palmetto Dunes is now! If you are interested in owning a piece of paradise, call today at 800.845.9506.

Why Hilton Head Island...The Best is Yet to Come!

2009-04-07T11:43:00.000-04:00

The 2nd in a series of symposiums that I created and moderated entitled “Why Hilton Head Island...the best is yet to come!” was again held at the Hilton Oceanfront Resort and Ocean Tides Spa. The primary goal of the symposium was to educate over 450 local realtors, members of the media and invited guests on why Palmetto Dunes Resort and Hilton Head Island is so distinctive to invest for family enjoyment and a solid real estate investment.

The Focus

The presentations were very well received as sometimes we forget how lucky we are to live in this “paradise”.
The redevelopment and capital improvements segment was a definite eye opener for many who were not aware of all the recent and upcoming improvements to the Town of Hilton Head Island, Palmetto Dunes Resort and Sea Pines Resort.
The presentations which addressed marketing touched a nerve. We obviously need to reach out to affluent visitors by redirecting marketing dollars to the Northeast, Florida, Canada and Europe. It is amazing the number of calls we have received indicating that we were “right on target.”
It is imperative that the rental management companies be more forceful and insists on enhancing and upgrading properties they manage.
Many of the callers expressed the need for a concentrated effort to inform the Town of Hilton Head Island on the importance of revisiting the Land Management Ordinance and the need to be more flexible taking into consideration the redevelopment and capital improvements throughout Hilton Head Island.

The Benefits

A better understanding of the improved “quality of life” for all Hilton Head Island residents and guests as The Town of Hilton Head Island, resorts and individual owners are all striving to improve their amenities and infrastructure, which will have a positive impact on all property values throughout the Island.
In attracting affluent visitors, more money will be spent to support the restaurants, retail, golf, tennis and resort operations. This will give added revenue to all our local business owners.
The Town of Hilton Head Island will benefit tremendously as there will be increased revenue enabling them to continually work on improving our community.

What Makes Hilton Head Island Distinctive?

LAND PLANNING: Considered by notable land planners to be the best land planned residential resort oceanfront community in the country.
CLIMATE: Semi-tropical with four seasons and mild winters
WATER: As an oceanfront community we have an overabundance of water with 12 miles of white, sandy beaches, lagoons, marshes and inter coastal waterways
BOATING: Four area harbours and seven marinas available for public access to the Intracoastal Waterway
DRIVE TO MARKET: Easily accessible drive-to market within a 15-hour radius of more than 100,000,000 potential visitors
AIRPORTS Hilton Head Island Airport and Hilton Head/Savannah International Airport
GOLF: World renowned for its 23 golf courses
TENNIS: In excess of 300 tennis courts
SHOPPING: Diverse and unique
DINING: Over 250 dining establishments
CONVENIENCE: A multitude of choices within 15 minutes driving time to schools, urgent care and hospital, banks, medical care, groceries, libraries, theatres, churches, outdoor festivals, home repair, shopping, and Gullah and historical attractions
ARTS CENTER OF COASTAL CAROLINA: A world-class facility in the Shelter Cove area offering the finest in musical, visual and performing arts
ENVIRONMENTALLY SENSITVE: the Island blends it natural beauty and wildlife by preserving the natural feel

Town of Hilton Head Island Recent Accomplishments

The Land Acquisition Program has significantly reduced density and helped preserve the natural environment of Hilton Head Island through the following:
102 parcels purchased totaling 1,149 acres
Total expenditures of $120,500,000
Reduction of 4.15 million sq. ft. of commercial development
Reduction of 1,365 hotel and motel rooms
Reduction of 3,226 multi-family and timeshare units
Reduction of 26,246 PM peak-hour driving trips
Housing unit projections have been reduced by 35%
56,926 housing units projected in the ‘85 Comprehensive Plan
36,984 housing units projected in the ‘04 Comprehensive Plan

Bike Paths

53 miles of public paths at approximate cost of $10,000,000
Future plans to build more bike paths along public streets at an approximate cost of $9,000,000
More than 50 miles of private bike paths and shared roadways within private developments.

Parks and Recreation Facilities

21 leisure parks and 7 beach parks
6 recreational parks – skate park, ball park with field lighting, roller hockey and basketball
8 community parks including Honey Horn, a preserved plantation and home of the Coastal Discovery Museum
Memorial parks including Shelter Cove Veterans Memorial
Xeriscape Garden (landscaping that emphasizes water conservation and the use of drought-resistant plants)
2 public boat landings

Beach Renourishment

Self-funded through the “Beach Preservation Fee” (2% from all lodging 90 days or less) Hilton Head Island is one of only a few towns in the country that funds its own beach nourishment.
Town of Hilton Head Island has completed 3 renourishment projects with a total investment of $37,000,000 (million)
The most recent renourishment project (2006-2007) spanned 7 miles of beach
2,127,000 cubic yards of sand was pumped onto the beaches of Hilton Head Island
Sand fencing placed along 3 miles of beachVegetation planted along the dunes in four areas
The next beach renourishment is planned within the next six to nine years based on the results of the 2007 project

Palmetto Dunes Resort Recent Accomplishments

Robert Trent Jones Golf Course – restoration 2002
Assumption of Palmetto Dunes Outfitters, 2004 – surf camp, kayaks, fishing, bikes, equipment rental and activity programs
Palmetto Dunes Oceanfront brand with a new marketing plan
Catering and event operations provided under the “Palmetto Dunes Oceanfront” brand name
Centralized reservations and activity planning
Golf course improvements
Arthur Hills Golf Course irrigation system improvements
George Fazio Golf Course outdoor grill and patio sitting area
Shelter Cove enhanced lighting
Welcome Center and George Fazio Golf Clubhouse parking areas
Arthur Hills Golf Course sea wall replacement and renovation
South Shore Commons luxury condominiums completed

Palmetto Dunes Resort Future Improvements

Arthur Hills and George Fazio Golf Courses
Planned Beach Club conversion of the Dunes House
Began planning process for Palmetto Dunes Resort property enrichment program with Wood + Partners, Inc., a land planning and landscape architecture firm and evaluating resort core opportunities
North Gate Entrance Security Building

Sea Pines Resort Recent Accomplishments

Riverstone Group purchase of Sea Pines Associates 3/05
Restoration of Harbour Town Golf Links
Construction and re-opening of Heron Point by Pete Dye
Sea Pines purchase of commercial properties in Harbour Town – improvements to Harbour Town Commercial Properties i.e. the Quarterdeck and Topside at the Quarterdeck
Harbourside Café
Beach Club parking area
Sea Pines Fitness Center expansion
Sea Pines Welcome Center lobby
The Shops at Sea Pines Center renovation

Sea Pines Resort Future Improvements

Harbour Town: Tennis, Fitness Center, Clubhouse and Pool
Ocean Golf Course
Lawton Stables
Plantation Club parcel to include new, 100-room hotel
Conference space at Plantation Club
Heron Point and Ocean Golf Course clubhouses
Replacement of the Beach Club
New resort spa – location TBD
50 + new residential units

Why Buy Now?

2009-03-20T10:32:00.000-04:00

“Why Buy Now . . . in Palmetto Dunes and Hilton Head Island”?

The first in a series of symposiums that I created and moderated. “Why Buy Now” was held at the Hilton Oceanfront Resort and Ocean Tides Spa in Palmetto Dunes. The symposium was attended by over 450 area realtors, invited guests and local media. It was a huge success as it focused on all the positive reasons why families should buy now on Hilton Head Island. Listed below are excerpts from my presentation.

--Philip A. Schembra
Broker-In-Charge

Schembra Real Estate Group, Inc.

Palmetto Dunes, Shelter Cove and Leamington

Family Enjoyment and Usage …priceless
Invest in your family’s lifestyle and future… today
Enjoy the community and the “quality of life” while your investment works for you
Escape to tranquility on your Island paradise and leave your stress behind
Spectacular weather: Subtropical climate, four seasons and mild winters

Solid Real Estate Investment

The community offers an outstanding niche in the world-class oceanfront resort market because of superior land planning and design, overabundance of resort amenities – all on a subtropical Island surrounded by the Atlantic Ocean.
Capital appreciation over the past 30 years has been outstanding and should continue for years to come.
The Sun Belt is in the path of growth and will draw affluent younger retirees. In the next 25 years South Carolina is projected to see its population increase by 20 to 30 percent.
Accessibility: Hilton Head Island is within a 15 hour drive-to-radius for 105,000,000 (million) people and is attractive to international visitors.
Over 2,000,000 (million) people a year visit Hilton Head Island, and many of them fall in love with our community, our lifestyle and decide to become property owners.
WW II and baby boomer generations, the wealthiest in our history, will bequeath an astronomical $41,000,000,000,000 (trillion) over the first half of this century to children, friends and charity…many of whom will buy resort real estate.
77,000,000 (million) baby boomers are reaching retirement age, are living longer, are more mobile, looking for the “good life.”
Hilton Head Island is a controlled real estate market because of density restrictions of the Land Management Ordinance (LMO) and is virtually built out of developer inventory. Future inventory can only be generated from existing owners deciding to sell.
If you compare oceanfront / ocean-oriented prices to other high-end resort communities on the East Coast, Hilton Head Island is moderately priced and represents exceptional value.
Outstanding financing: Lenders offer low down payments with attractive interest rates giving buyers more buying power.
Where applicable, outstanding tax write-offs help decrease real costs.
Condominiums and homes can be income producing to help decrease costs.
Owning real estate establishes a forced savings program.
The fundamentals that make our community unique in the resort industry have not changed. Why wait until the market rebounds and pay more?
Hilton Head Island represents a wonderful opportunity for families to have quality time and relaxing moments together and yet have an outstanding real estate investment that will enhance their investment portfolio.
Hilton Head Island real estate has become the most valued investment for many families, excluding their primary residence.”