Folly Beach Now

I have seen a Folly Beach lot that is available for $189,000. If you are a builder, or investor, or interested in living on Folly Beach this is a great opportunity. I can help guide you through all the due diligence regarding the property, and can walk you through the permitting and building process on Folly Beach. This is one of the lowest prices for land on Folly Island that I have seen in a long time. Call me for details or click here to contact me.

Vince Perna

Dunes Properties

843-425-6414

vperna@dunesproperties.com

This Saturday March 13th, 2010, the streets of Folly Beach will turn green to celebrate Saint Patrick’s day, and Folly party-goers will race around Center Street competing for prizes in the annual pub crawl.  Everyone please use caution, from what I understand, the open-container law will be lifted, but the streets will be open to traffic!  Please be careful “crawling” from one pub to the next.  A good time will be had by all, including me, so call me if you want to meet up!  I’m buying!

CLICK HERE FOR DETAILS

There were 5 properties sold on Folly Beach in February, bringing the total in 2010 to 13.  The average sales price was $494,629.

An oceanfront property with a small 2 bedroom home, and an impressive dune system changed hands for $875,000.  A 2nd row property that was listed for $600,000, sold for $300,000, an incredible 50% off asking price.  This shows how important it is to work with a realtor that knows the market and can find you a real steal.  If you are interested in buying or selling on Folly Beach, make sure you use an agent that is experienced and knowledgeable, and you too could find a great deal.

Click here to contact Vince Perna.

Even though everyone woke up to snow on the ground, an enormous crowd of people showed up to celebrate Folly Gras last Saturday.  Here are some pictures from the fun.

You would be amazed what you can buy on the beach!!!

8 Properties sold in the month of January 2010 on Folly Beach, beginning this year with a healthy sales volume just like late 2009.  The sales ranged from $225,000 to $550,000 with an average sale of $375,425.  The low prices are the reason for the increasing number of sales.  Buyers are beginning to bite on the great deals that can be had on Folly Beach.

Out of the 8 sales this month, 4 were some type of foreclosure or short sale situation.  The banks are willing to go low.  If you have an experienced agent, they can point you in the right direction to find these investment deals.  If you are interested in buying or selling on Folly Beach, let an experienced professional guide your way.  Contact me here:

Contact Vince Perna

There will be Mardi Gras celebrations on Folly Beach this Saturday February 13th, 2010 from 12-5 for the annual Folly Gras party and parade.  Wear your beads and most colorful outfit and come down to Center Street and celebrate New Orleans style.

Live Music by:

Jupiter’s Garden
Shakin Martinis
Jason and the Juggernauts
Oscar Rivers Band
Stratton Lawrence & Stratton Moore
DJ Ron in the park

Parade trophies will be awarded for the following categories:

***Best Float***

***Best Golf Cart***

***Best Costume***

Parade Rules!

• Decorated Floats, Golf Carts, Marching, & Alternative transportation only! NO CARS OR TRUCKS UNLESS THEY ARE PULLING A FLOAT! You must be in Mardi Gras costume to participate! We Welcome decorated pets!
• Must be at the Folly Beach Public Boat Landing by 1:30 pm for lineup

We have asked our restaurants to prepare special New Orleans food fare and Mardi Gras drinks beginning at 1 pm.  There will also be a trophy awarded to a restaurant for Best Food Fare.

We will have live music set up at different locations on Center Street. The Parade will begin at 2 pm and start at the Public Boat Landing. When the Parade ends at the Holiday Inn, Indian, Huron, Hudson will reopen. There will be music, dancing and food in the streets provided by our own businesses from 1 to 5 pm.

Masks will be sold at City Hall for $2.00 first come first served. Free beads given with each mask.

The Folly Beach Arts and Crafts Guild will also be in the Park with their crafts and vendors.

If you have any questions, please contact Mary Cunningham at City Hall; 513-1836 or 708-1113.

Act fast on this opportunity to own an incredible Folly Beach deep water property for a steal!  The builder has thrown his hands up and will let it go at auction prices to avoid foreclosure or short sale.  This waterfront property will need to be finished, but has awesome views of the Folly River and is sold with a shared deep water dock.  This is a huge home on Folly Beach for a fraction of what it should really cost. There were two available now only one left. For information and pictures click details below.

Vince Perna

843-425-6414

vperna@dunesproperties.com

The Taste of Folly Beach 2010 was a great time with a great turnout.  The streets were full of fans of Folly and their energy beat back the overcast skies, and warmed up the lower temperatures.  The sun made an appearance here and there, which was a welcome sight for the many participating Folly establishments.

The chili cookoff sponsored by Planet Follywood was extra competitive this year with over 30 entries.  The awards were given out as follows:

1st place Ryan Galloway
2nd place Chef Aaron from Locklears
3rd place Chef Jonathan from Blu
Honorable mention Nick the kid

Brian Hawkins from the Folly Beach Crabshack won the server olympics, the finals featuread a photo finish with Brian winning by holding more beverage in his two cups.

The hot dog eating contest was entertaining.  The winner ate 6 hot dogs, and there were images that conjured up memories of “Stand By Me”.

The tunes were provided by the Hawkes.  Some of the largest crowds were in front of the stage dancing and swinging to the music.

As usual when Center Street closes, a good time was had by all.  Make sure and come out next year!

I recently received an article that I wanted to share.  Insurance in Charleston is difficult to manage unless you have the help of a great agent.  Charleston insurance and coastal insurance will be a topic of conversation for some time to come.  Here is some advice given to me by my State Farm insurance agent, Paula Hampton.

Understanding the value of your home

How to determine your homeowners coverage

Your home may be the biggest investment you’ll ever make.  So if you are serious about protecting that investment, here is some important information to consider when determining the coverage amount for your home.

Make sure that your home is insured for at least 100% of its estimated replacement cost

To determine your amount of homeowners coverage:

• Get an estimate of the replacement cost of your home
• Select the coverage amount that best fits your needs

We recommend that you purchase an amount of coverage at least equal to the estimated replacement cost.  But the choice is yours.  Determining your home’s estimated replacement cost is important because this will ultimately determine which policy options are available to you.  Since it is impossible to predict today what the cost will be to replace your home in the future, it’s important to have enough coverage to account for unforeseen circumstances.

Understand the difference between market value and replacement cost

Market value is the amount a buyer would pay for a home, including the land, regardless of how much it would cost to rebuild the home.  Replacement cost for this purpose is the rebuilding cost necessary to repair or replace the entire home.

Replacement cost IS NOT:

• The market value of the home
• The home’s purchase price or the cost of the land
• The outstanding amount of any mortgage loan

When buying a new home, be sure to obtain a replacement cost estimate

Before you purchase a new home, make sure that you determine the appropriate amount of coverage needed.  Here’s how:

• Ask if a replacement cost estimate is available when you have the home appraised
• Or, consult with your local builder association or a reputable builder for an estimate
• You can also check with your insurance agent to help you with this process

Be aware of any architectural details or unique building materials that may affect your estimated replacement cost, such as:

• Upgraded bathrooms or kitchens (including cabinets)
• Finished or partially finished basement
• Additional rooms or living space
• Custom molding or arched windows
• Other unique features

A contractor or appraiser can help estimate your home’s replacement cost

Building contractors or professional replacement cost appraisers are a good source for obtaining an estimated replacement cost for your home.  Estimates from these sources should reflect your home’s features, like those mentioned above.  If you are unable to obtain a detailed estimate from these sources, your insurance agent can discuss other options for estimating the replacement cost of your home.

Review your policy annually to make sure that your coverage meets your needs

Have you recently remodeled or improved your home?

When you upgrade or improve your home, you may increase your home’s estimated replacement cost.  Your agent will then help you adjust your policy to meet your coverage needs.  Check your policy’s provisions for notification requirements of any remodeling or additions that increase your home’s value.

Has the rate of inflation risen since your last appraisal?

Many policies provide coverage that automatically adjusts every year in an effort to compensate for increases in construction costs for your area.  However, certain conditions such as severe weather can increase the demand for labor and materials, and raise costs beyond normal inflation.  It is important to update your coverage amount each year to keep up with the changing economy.

What influences building costs in your area?

Market conditions in your area may impact the amount it will cost to rebuild your home if you experience a loss.  Replacement cost estimates are influenced by supply of labor, demand for labor, and the cost of construction materials.  Keeping up with the current market conditions in your area and changing your coverage amount accordingly, will help you maintain coverage at least equal to 100 percent of the estimated replacement cost coverage for your home.

HELP HAITI BENEFIT CONCERT AT THE MUSIC FARM
CHARLESTON, SC, (JANUARY 20, 2010) – Local Charleston
Bands and businesses are staging a benefit concert this Sunday,
January 24, 2010 at the Music Farm to raise money for the
victims of the Haitian earthquake. Proceeds from the event will
be split between the American Red Cross’s relief efforts in Haiti
and Water Missions, a Charleston-based on non-profit
organization that provides emergency clean water systems.

The show begins at 3PM and runs until 10PM. Participating Bands
include: Carey Ann Hearst & Michael Trent, Mary’s Got a Band,
the Whisper Jets, Mac Leaphart, Tater Famine, Ryan Bonner, A
Fragile Tomorrow, Megan Jean and the KFB, the In-Laws, Justin
James Burke, Doug Jones, Danielle Howle, Josh Roberts & Leslie
Branham

Businesses that have agreed to help sponsor the event include:
CSS International, General Engineering Laboratories, Passport
International, Chai’s Lounge and Tapas, Basil, the Midtown Bar &
Grill and the Music Farm.

Tickets are $10 at the door; additional donations are welcome.
Representatives from the Red Cross and Water Mission will be
on-site during the event.