real estate agent

How To Find A Reliable Real Estate Agent

Selling or buying a home can be a daunting task that’s why you hire a real estate agent to help you out. These professionals can provide you with the necessary aid that you need whenever selling or buying property. It’s through them that you can find a great deal without having to pull on your hair as you go through every detail of all transactions. Their work is tough and they need to be very good if they want to keep their customers happy. However, how can you be so sure that you’re hiring the right person?

Tips on hiring a real estate agent

  1. The difference between a realtor and a real estate agent – the same are real estate agents, realtors can aid in the sale or acquisition of a property. However, not all real estate agents are realtors themselves. Realtors basically belong to the National Association of Realtors and abide by rules set by the organization. Also, only realtors are the only ones who can bear the Realtor logo and not regular real estate agents.
  1. Check online – you can find a lot of websites that refer to real estate agents. However, not all of them are reliable. Some websites are a bit sketchy and might lead you into a trap that you may find hard to get out of. It’s best to deal with the likes of Full Potential Real Estate, LLC whenever you’re in need of a reliable real estate agent.
  1. Attend open houses – this method is by far, the best way you can get to know a real estate agent Myrtle Beach. By going to open houses, you can interact with different real estate agents without feeling like you’re obliged to hire them in any way. It’s also a great way to gauge how a certain agent behaves, how good they are at their job, and how they treat people.
  1. Ask for recommendations – another good way that you can find a buyer’s agent is through recommendations. Go through your neighbors, friends, and family for any recommendations they may have. Most often, people who are satisfied with a particular service are more likely to recommend them to others. The same could be said for professionals with not so stellar credibility but only in a negative way.

Red flags when hiring a real estate agent

  1. Poor communicator – one thing that you will notice right away is the real estate agent’s ability to communicate. How good are they at talking with you and getting to know what you need? Good communication skills are a must for agents and if you feel like you’re not going anywhere within the first few minutes of talking, go find one elsewhere.
  1. Not asking questionsrealtors need to know every detail about what you’re selling or buying. If they don’t ask a lot of questions that only means two things. One, they’re either not interested or they just don’t know the ropes just yet.

Looking for a good realtor to help you out with buying or selling a property? Call Full Potential Real Estate, LLC today!

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-492-4537
http://fullpotentialrealestate.com

real restate

How Real Estate In Myrtle Beach Works

We often hear about the term real estate but what does it actually mean? When we refer to real estate that means the property itself, the building, the land, and rights to the air, above and below ground. Another thing that we associate with the term real estate is the buying and or selling of properties. It’s common knowledge that real estate transactions normally involve sales or procurement.

Here’s a better explanation of what real estate is and how it works

  1. Residential real estate – these refer to new or resale homes. There are various types of residential real estate. Among the most popular are single-family homes. You may also find other types such as condominiums, townhouses, duplex, vacation homes, and more. In general, residential real estates are the type of property where people live in. These are also the properties that you would normally need to enlist the help of a real estate agent.
  1. Commercial real estate – as the name suggests, commercial real estate is the property that is used for commercial use. Malls, hotels, offices, medical and educational buildings are some of the examples of commercial real estate. Apartment buildings, despite being areas for human inhabitation, are considered commercial real estate due to the fact that they generate income out of the tenants renting the properties.
  1. Industrial real estate – these are the properties where buildings for factories and warehouses are erected. Such buildings could either be used for research, production, storage, and distribution of goods. However, some distribution facilities are sometimes considered commercial real estate. However, this mainly depends on the zoning rules in the area.
  1. Land – these include either ranches, farms, or vacant land. Subcategories for vacant land include properties that are still undeveloped, in the early developmental stages or are up for reuse.

How does the real estate market function?

This is the part where it gets complicated. If you are buying or selling a property, you should always consult a Myrtle Beach real estate agent. In the United States, the real estate market is a driving force that affects the entire economy of the nation. Any spike or slump in the real estate market will have a major impact on the U.S. economy.

Seller’s agent – these are real estate agents that work on your behalf, finding potential buyers for your property. They are also responsible for fetching your property at the best price possible. They also participate in the negotiations with the buyer and the seller. Other than that, a seller’s agent also makes sure that the seller gets the most satisfying price for the property.

Buyer’s agent – a buyer’s agent does the opposite of a seller’s agent. A buyer’s agent will facilitate the procurement of the property. These types of real estate agents act on behalf of the buyer. The buyer’s agent is responsible for making sure that the buyer finds that he or she is looking for and at a reasonable price range. Regardless of whether you’re selling or buying a property, it is best to get in touch with industry experts such as Full Potential Real Estate, LLC.

Looking for a property in Myrtle Beach? Look no further! Call Full Potential Real Estate today!

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-236-0203
https://fullpotentialrealestate.com

real estate investment

Is Real Estate A Good Investment?

Will putting your money in real estate be worth it? Are your chances of gaining cash higher with a real estate investment? These are just a few of the plethora of questions that people are asking about real estate and investments. In general, making an investment in real estate isn’t much of a gamble like investments in bonds, mutual funds, or stocks. If you put it into perspective, the real estate market is like gold in some ways as the value of real estate grows over time.

10 reasons why you should make investments in real estate

  1. You get predictable cash flow with real estate – basically, cash flow is the net spendable income from the investment after all deductibles. With the right real estate investment in Myrtle Beach, the investor could get as much as 6% better cash flow.
  1. There is constant value appreciation in real estate – according to data released by the National Association of Realtors, appreciation levels for real estate remained constant even through the economic slide last 2007. This basically indicates that there is strong and consistent growth in real estate and it’s not stopping any time soon.
  1. You can use your real estate investment as leverage – one of the prime benefits that you’ll get out of investing in real estate is leverage. When you have built up an equity position in your investment, you are then able to leverage that investment into cash. This can be done in two ways. You could consult your real estate agent about this for further information.
  1. Equity builds up over time – once you reach the point completing payment for the principal amount of the mortgage, equity is also built up along with it.
  1. Improvements make the value even greater – one of the reasons why real estate is so attractive among investors is due to the improvable value. Take house flippers for instance. They buy a home like any ordinary person would and improve everything from top to bottom. The result is a higher value than what they initially bought the property for.
  1. Real estate is good for retirement – on average, mortgages take at least three decades to complete. During the said time, you could consider your property investment like a savings program. As the mortgage is paid off, cash flow increases and so does the value of the property.
  1. Real estate is tax-deductible – real estate can reduce your taxes overall. There are some expenses in real estate that are tax deductibles.
  1. Real estate has a lower tax bracket – the taxes on your real estate investment is significantly lower than your personal tax bracket. If your property is sold within a year after purchase, capital gains tax rates are usually at 15-20%.
  1. Real estate is depreciable – the tax code allows for depreciation of the value of your investment property. Although the true value of your property appreciates, your realtor could report a lower income for tax purposes.
  1. Gains from real estate are deferrable – it is indicated in the tax code that the gains of a property being sold can be transferred to a new one that is being purchased. This basically defers the supposed taxes on the gains of the sale. For more information about real estate, contact the experts like Full Potential Real Estate, LLC.

Looking for a property in Myrtle Beach? Ask help from our reliable buying agent at Full Potential Real Estate, LLC.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-492-4537
https://fullpotentialrealestate.com

real estate

Real Estate: What To Expect In 2020

How is the real estate going to fare this 2020? Are there going to be enough tailwinds to drive the market up or will there be a lot of headwinds ahead? The picture for this year’s real estate market is still in murky water at this point as we tread the first few steps of 2020. On the other hand, there are some signs that are pointing towards certain directions. Although nothing is conclusive at the moment, it’s exciting to try and predict what this year holds for real estate in general. Here are some insights from last year that will possibly have impacts in this year’s market:

Not sure about the market? Get in touch with your real estate agent today!

Buying – at the beginning of 2019, interest rates were on a high. This basically led homebuyers to shy away from what would be non-affordable deals. On the other hand, mortgage lenders this as a major headwind on the number of potential buyers. This is the reason why they were decided to lower interest rates to as low as below 4% on 30-year, fixed-rate mortgages.

Despite this, a lot of homebuyers are still not so certain about buying a house in 2019. A lot of people are waiting on how the economy is going to play out. However, there are still those who are taking advantage of the current low rates with the idea in mind that the economy will hold its own weight.

As far as prices go, the areas that are going to see the most price increase are those that have fast-growing populations. These areas include metro areas and cities including the following, Charlotte, South Carolina, North Carolina, Charleston, Richmond, and Virginia. Basically, the influx of new residents is what fuels the prices. You might want to get in touch with your real estate agent in Myrtle Beach if you want to get the best deals early this year.

Selling – while interest rates continue to hover on the low side, sellers will continue to benefit. Home prices are also expected to trend upward but only ever so slightly. We won’t be seeing any major price spikes this year. With that in mind, it’s best to get your property out in the market as early as possible this year. Ask your real estate agent for more information. As interest rates remain low, buyers will continue to hunt for homes. However, wait long enough and you might find fewer buyers as prices increase.

While it’s really too early to tell at this point, there are some signs that indicate the trend for this year. If you’re planning to either buy or sell a home, it is best to hire a realtor that knows your target area like the back of their hand. A realtor company like Full Potential Real Estate, LLC can help you figure out whether it’s time to buy or not, or perhaps when it’s the right moment to list your house on the market.

Call Full Potential Real Estate if you want to work only with the best, trustworthy, and experienced real estate agent in Myrtle Beach.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-236-0203
https://fullpotentialrealestate.com

realtor

First Time Homeowners List Of Essentials From Your Realtor

It’s not uncommon for first-time homeowners to struggle with moving into their new home. In fact, there are a lot of things that you will need to do in order to make the transition easier and moving in a breeze. You could ask your realtor for assistance regarding the matter. Real estate agents normally have a lot of experience when it comes to these things and they probably encountered a lot of first-time homeowners which make them the perfect candidate to seek help from. Other than that, here are some other things that you can do to make sure that moving in is a lot easier:

Realtors can actually help you beyond getting a good property deal

The basics – if you can’t get all your things in one go or if you have some touchups in mind before you move in, you should bring with you the basics. When we say the “basics”, these refer to the essential items that you will be needing. You could ask your realtor for some helpful insights. First, you should have a bed or any alternative, linens, a table or two, chairs, and other things that you deem necessary. Again, this should only be done when you can’t or haven’t found movers to haul everything from your old place to your new home.

Cleaning supplies – aside from the main essential items that you will be needing, you should bring with you some cleaning supplies. Unless the home you will be moving into has been cleaned and is fully furnished, you can skip this part. However, if you are moving into a home that needs some cleaning and restoration, be prepared. Your real estate agent will let you know about the state of the home so you could be aware. You must be able to bring with you some cleaning essentials to be certain that everything is livable and that everything is sparkling clean.

Home maintenance – again, these tips are primarily aimed at second-hand homes or older ones where maintenance is necessary. If you are lucky enough to be able to afford a luxurious home where you don’t need to do anything than moving, you can ignore this tip. However, if you are a part of the majority who are moving into a second-hand home, always be ready to do some home maintenance. Again, a site visit with your Myrtle Beach real estate agent will give you a clear idea of the state of the house. However, house visits don’t normally include seeing every crevice in the home, which is the reason why you should always be prepared.

Kitchen and bathroom supplies – these are also part of the essentials that you need to bring with you. It may seem like a little bit redundant to include this in the list but these things are often forgotten and it’s a bit of a pain to have to go shopping for kitchen and bathroom supplies when you haven’t even completed your move. Anyways, you could always seek the advice of your realtor like Full Potential Real Estate, LLC. They can help you out with the basics and provide you with every bit of information you might need.

Call Full Potential Real Estate if you want to work only with the best, trustworthy, and experienced listing agent in Myrtle Beach.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-492-4537
https://fullpotentialrealestate.com

real estate

Information On Closing Costs For Your Real Estate Transaction

Regardless if you’re buying or selling a home, closing costs will always be part of the real estate deal. It is will depend, however, on how you handle the situation. There are instances where the buyer shoulders the closing costs or the other way around. What’s constant though is that you would need the assistance of a real estate agent to sort out all the details regarding the transaction. The closing costs vary per state. There are different costs associated due to laws and practices in certain regions. Now, if you’re not familiar with all of these, it’s suggested to have a word with our realtor or you could read through some of the details as follows:

In real estate transactions, it’s always best to get the opinion or a realtor

Transfer tax – this is often referred to as real estate transfer tax or deed transfer tax. This tax is basically for the transfer of ownership of the property. The buyer or the sell could pay for this tax. It highly depends on the outcome of the negotiation who ends up paying for this tax.

Recording fee – this fee could either be imposed by the local government or state. This fee is required for the processing of the deed and putting it in public records. Again, this fee can either be paid by the seller or buyer. It is determined by the outcome of the negotiations between the seller, the buyer, and the real estate agent.

Title search and insurance – having title insurance protects you from future claims to the property. Basically, certain property is open for any claims unless there is title insurance in place. Getting this means having to pay for a title search. This is normally shouldered by the buyer.

Settlement fee – depending on your choice, a certain entity will take care of the transfer of funds. This process will require a fee and can be shouldered by either the buyer or seller. However, the decision entirely depends on the negotiation.

Loan application fee – this is a small fee that lenders impose on the buyer to ensure that they are indeed serious with the loan. This is to be shouldered by the buyer.

Loan origination fee – when taking up a loan, you go through several checks. This includes credit checks and similar processes. The buyer will need to pay for a loan origination fee.

Points – paying in points is basically an add-on to the overall closing fees to reduce the interest rate for the loan. This is totally optional for the buyer. It could lower the interest rate but you will pay more during the time of closing. You can discuss this matter with your real estate agent in Myrtle Beach to get more information.

Home inspection – before a deal could be reached and closed, a proper home inspection is made. This will determine the overall quality of the house. This fee will be shouldered by the buyer and would vary depending on how big the house is.

Appraisal – before a final price could be handed out, an appraisal first needs to be made. This is to be shouldered by the buyer. The lender would normally give out referrals but you could also find your own appraisal company.

Survey – a survey is basically the process where the actual size of the property is measured. This includes determining the start and endpoint of the property. The fees will be shouldered by the buyer.

Homeowner’s association fee – if you are buying a property that is being handled by a homeowner’s association, you may be required to join and pay fees. This is on top of other monthly or annual dues.

Existing liens – when a lien is found within the title search, the seller must first settle these issues before ownership could be transferred to the buyer of the property.

Real estate brokerage commissions – your realtor will undoubtedly get a portion of the sale as their commission. The amount of commission will depend on how much they have agreed upon with the seller of the property. Realtors like Full Potential Real Estate, LLC will ask for certain percentages of the total sale as their commission.

Attorney’s fees – in some states in the U.S. attorneys oversee the appraisal, title search, and other assessments. Basically, the buyer and the seller will both pay their respective attorneys for fees.

Mortgage payoff penalty – any penalties from an existing mortgage must be paid off by the seller before closing a deal. The seller must take this action before proceeding to any other parts of the deal.

Looking for a good realtor to help you out with buying or selling a property? Call Full Potential Real Estate, LLC today!

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-492-4537
https://fullpotentialrealestate.com

real estate agent

Great Reasons To Consult A Realtor And Sell Your Home Now

Not everyone is convinced that this year we would see record-breaking home prices. However, this year isn’t really that bad when you come to think of it. According to industry experts, it’s a lot better to sell your home this year than in 2020. Your real estate agent would likely advise you the same. Statistics for the next year and the year after that are a bit murky and there isn’t any solid data that points towards a solid price growth. That’s one of the reasons why you should consider making that last-minute move and sell while there’s still time. Here are some other reasons why you should put your house in the market now:

Get in touch with your listing agent now to quickly put up your home on the market

In the second half of 2018, home prices slowed down. The slump was partially caused by the rising interest rates set forth by the Federal Reserve. This year, home prices had significant progress. Prices weren’t as high as before but it’s a huge improvement over last year. That’s another reason that you would want to sell now. Home prices are relatively on the high side. Waiting another year or so would only buy you time but no guarantee that during which home prices would be higher.

New buyers are still coming in

Despite the sluggish growth on home prices, a lot of new buyers are still entering the market. Selling now is still a practical option. Asking your listing agent to put your home on the market will prove to be a wise decision. According to a survey 2000 U.S. residents done in the early part of this year, almost a quarter of the respondents said they would consider buying a home in 2019. That’s still a significant number considering the fact that home prices aren’t close to their prime a few years back.

Interest rates are still on the low side

Despites interest rates rising last year, it’s highly unlikely that we will see a spike this year.  That ultimately means that interest rates will be at a standstill which means buyers might see it as an opportunity to buy a home. Again, interest rates in 2020 are still unknown. That factor alone could boost the number of home buyers which adds to the confidence of people planning to sell their home. Of course, none of this would be possible if you don’t have a trusty Myrtle Beach real estate agent at your side.

Selling in 2019 is still better than in 2020

What are the odds of home prices picking up in 2020? There’s little speculation that home prices would see steady growth next year or if any at all. Given this lack of enthusiasm from the market, sellers are stuck in the middle. However, if you don’t want to deal with uncertainty and miss out on your future endeavors, it’s best to sell your home now. Invest in a reliable realtor like Full Potential Real Estate, LLC. A good realtor would give you better chances at selling your home especially during crucial periods of the year.

Ask help from our reliable buying agent at Full Potential Real Estate, LLC.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-492-4537
https://fullpotentialrealestate.com

 

 

real estate agent

4 Things About Down Payment Assistance That You Should Know

If you’ve finally decided which house you’re going to buy, you will then proceed to make a down payment. Usually, down payments have a minimum of 20% of the property value. However, if you find this a little bit too much for your budget, all hope is not lost. You can still secure that down payment and the property you want. There’s a thing called a down payment assistance program and your real estate agent can assist you on how to avail of it. Here are four things that you should know about this program.

For assistance with the program, ask your real estate agent about the fine details

Basically, a down payment assistance program is designed to aid homebuyers with the closing costs when buying a home. You could call it a loan program that is specific for down payments. Either your state housing authority, a non-profit organization, or preferred lender may offer this program. However, the requirements for each applicant may be different. Due to the fact that this program is built on the principles of loaning money, the lenders may require loose to stringent requirements.

Who are qualified for this program?

Unfortunately, not everyone can be qualified for this program. There are certain criteria that need to be met. If the applicant does not meet the bare minimum requirements, he or she is disqualified from the program. Your local real estate agent in Myrtle Beach knows a lot about this and could refer you to a lender in particular. Most of these programs generally target first-time home buyers. If ever you’ve been able to buy a home before, you might not be qualified for this program.

How much assistance can you get?

The amount of assistance that each applicant could get would depend on state funding. If you were to apply for this program, the lender would then impose assistance as much as 20% of the total house price. However, some states have it differently. In New York, for instance, there is a cap for the down payment assistance program at $15,000. It’s a considerable amount of money but may not suffice if you’re looking at a house with a higher price tag. You may refer to your buyers agent for more info. Again, the requirements and the assistance that you may get will be determined by certain factors. Not all programs are the same.

When you’re looking for a house, always hire real estate agents to help you out. Doing your own research may give you some edge, but you can only get so far. Hiring a professional realtor like Full Potential Real Estate, LLC can give you a boost and the house of your dreams. Hiring a real estate agent has its perks. Most of the time, these people can get insider information and access to organizations that you might not be able to get a hold of. That’s one of the reasons why you should get a realtor when you’re in the market for a new home.

Looking to buy or sell your property? Call Full Potential Real Estate, LLC today!

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-492-4537
https://fullpotentialrealestate.com

real estate agent

To-Do List After Purchasing A Home

After you’ve closed the deal on your new home, you should do a number of things right away. Most of the time, your real estate agent would advise you to do a couple of things after completing the paperwork. If by any chance you weren’t informed on the first few things that you should accomplish, you don’t need to worry. Here are some of the first things that must be done after purchasing a new home:

Always consult your real estate agent for everything that you don’t already know

  1. Change the locks – at a safety standpoint, you should always put changing the locks as the first priority. You don’t really know who else has a copy of the keys into your house. Unless you change them after the purchase, there’s a risk of people trespassing inside your home. Be sure to quickly purchase new locks to ensure maximum safety. Most of the time, the Myrtle Beach real estate agent that took care of the sale would advise you to do this right after the purchase.
  1. Inspect windows and doors – if you haven’t fully checked out the windows and doors in your new home, you should give it time. You might be wondering why this process is done after the purchase and not before. Do remember that there will be a number of windows in the house and you really can’t check every inch of the property in just a few sight visits. Be sure to check the windows and doors to be certain that you won’t be having any room for intruders.
  1. Inspect the smoke detectors – it’s not all the time that you need to replace the smoke detectors. Most of the time, there’s no problem or batteries need replacing. In any case, the smoke detectors must be checked to ensure that any possible fires would be contained before spreading.
  1. Plan an escape route – safety isn’t just keeping things secure inside the house. Having a safe route outside the house in case of emergencies is also quite important. After you’ve bought the house, make a plan and a safe route for your family just in case emergencies arise.
  1. Check the driveways and walkways – it’s not really much of a big deal but you should check the driveways and walkways again after the sale. Check what changed during the inspection.
  1. Double-check the inspection report – one good way of making sure that everything is accounted for is checking the inspection report. Refer to each of the reports while you are inspecting the home. This will help you in determining if there are any changes made that you were not aware of. Your buyers agent can help you out in case there are some discrepancies with what’s indicated in the report.

For expert assistance whenever you plan on either buying or selling a home, look for professionals that have a solid reputation in the industry. Experts like Full Potential Real Estate can help you out with all your real estate needs.

Call Full Potential Real Estate, LLC if you need the help of an experienced buyer’s agent who can help you find your dream home.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-492-4537
https://fullpotentialrealestate.com

real estate agent

7 Reasons Why You Should Consider Buying A Home In Winter

You might have never thought of it before but buying a home in the winter has its perks. It’s a bit out of the ordinary to go house hunting the middle of winter. As it’s not the most ideal time to be buying a home, but it does work. Of course, you can’t do this alone. You will need to find yourself a real estate agent for your hunt. But does it really work? Check out these seven reasons why you should go against the flow and start searching for a home in the winter.

A buyer’s agent is what you will need in case you wish to find a good deal

  1. There’s less competition – when you come to think of it, buying a house in the winter isn’t all too exciting. And with that comes less competition. In the summer, everyone is looking around trying to find a good spot to settle in. House hunting is often done when the weather is fine. Basically, you’ll have a lot of competition if you were to buy in the summer.
  1. Sellers are realtors are eager to make a sale – it’s not often that realtors and sellers make a sale in the winter. It’s not common practice for people to sell their property during this time. However, it’s a perfect time to take advantage of it. Your local Myrtle Beach real estate agent will be quite eager to make a sale during this time. Since there won’t be a lot of business this time of year, any realtor who wants to make money will be eager enough to cater to potential buyers despite the cold.
  1. Moving companies are available – if you’ve ever tried to move to another home in the summer, you already have an idea of how hard it is to find movers. On the other hand, it’s not as hard to find moving companies since not everyone wants to be moving out in the middle of winter. Of course, you will want to take advantage of this time. You just have to bear the cold, though.
  1. Sellers want to quickly close a deal – during the summer months, there’s a lot on the plate of everyone. It’s not the fastest time if you want to close a deal with a seller. On the other hand, it’s quite the opposite during the winter as most sellers prefer to close the deal before the holiday season.
  1. Extenuating circumstances – there could be a lot going on in people’s lives that may drive them to sell during the winter. However, when you do spot a seller in the winter that just means they are trying to get out as soon as possible. That’s the perfect time to get a good deal. Your realtor will make quick work of the transaction too.
  1. Better interest rates – buying a home before the end of the year is a smart way to lock in your interest rates. The following year, interests may rise, which would make it harder for your finances. However, the right timing, particularly in the winter, will give you better rates.
  1. Firsthand experience of what your potential home would be like – of course, if you see it in the winter, you’ve already seen how your potential home could be. When buying a home in the winter, don’t forget to find a good buyers agent. Getting the help of experts like Full Potential Real Estate can give you an advantage.

Call Full Potential Real Estate, LLC if you need the help of an experienced buyer’s agent who can help you find your dream home.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-492-4537
https://fullpotentialrealestate.com