Hilton Head Real Estate Market Reflection – August 2023


We believe the word “HOT” describes the month of July and our current real estate market with demand staying strong and prices high. Summer is dwindling down as schools in Beaufort County are beginning to return to the classroom.

We realize there are potential sellers out there who would consider selling their home and trading into another one but finding it difficult to make the move if they are holding a mortgage at 3% and seeing the amount double with their next purchase if obtaining a loan. Don’t let that hold you back from finding your next dream home. Consider calling a lender, we are happy to recommend, and ask them about an adjustable rate mortgage. Another tactic is to leaseback your home for a few months so you have cash in hand ready to make a great offer on the next property as well.

Be on the look out for your 2023 tax reassessment notices coming soon. The market value assigned to the property should be the fair market value as of December 31, 2022. Taxpayers have 90 days to appeal their assessement notice. If you have any questions or concerns, please consider us a resource here at Herman & Davis Properties.

When it comes to selling your home, don’t settle for less than best. We are a powerful team that gets results. Call us for a complimentary strategic consultation.