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Category Archives: real estate broker

10 Features First Time Home Buyers Are Looking For

selling a homeNearly a decade of positive housing momentum has been interrupted by the pandemic that has forced governments around the world to issue “quarantine” orders. What was expected to be one the busiest summers of recent history has actually failed to live up. Instead of realizing historic home sales figures, buyers and sellers now sit on the sidelines, waiting for the right person to move. But, there is still demand. Despite the pandemic being an obstacle, buyers remain in the market and are likely to be more willing to purchase than ever.  This raises the question: What do home buyers really want? What can sellers do for their homes to make them more attractive to buyers?

Although the Corona virus has changed how buyers and sellers see the real estate market, some of the most desirable home features have remained the same. A Myrtle Beach Realtor will be able to find a home with your favorite features. How can sellers capitalize on this participation? What can homeowners do to ensure that their homes sell in the coming year? Lastly, what features are the most important for home buyers?

Updated Kitchens & Baths

What are the top priorities for new home buyers? It’s simple: modern kitchens and bathrooms. Millennials as well as first-time home buyers are making their intentions clear. Modern kitchens and bathrooms are essential. Metropolitan Regional Information Systems Inc. recently conducted a survey and found that 81% of respondents considered updated bathrooms and kitchens to be the most important features when deciding whether to buy a home. If you have the budget, you should  update your bathrooms and kitchen.  You don’t have to spend a lot to attract first-time homeowners.

Open Floor Plans

What is the most important thing home buyers want, other than more living space? After all, the whole point of buying a home is to improve on existing living arrangements. First-time home buyers are keen to have open floor plans, even if they don’t need modernized bathrooms and kitchens. Before selling a property, sellers should review their floor plan.

Proper renovations can increase the property’s value and appeal. It is possible to have more attractive floor plans that create demand. Your property will sell faster and more often if it has more exposure.

Low Maintenance Features

Many millennials are discouraged from participating in the housing market because of the high cost of buying a home. Even those who do make the leap should be cautious, as prices rise in every city. It’s not hard for first-time home buyers to save enough money to pay a down payment or make a monthly mortgage payment. First-time home buyers don’t have enough money to cover all the costs associated with the purchase.

Selling homes should consider the idea of saving money on home maintenance as a selling point. First-time buyers are often embarrassed by the idea of spending more on maintenance after making the biggest purchase of their lives. Therefore, it makes sense that they would prefer a home that is ready to move in than one that requires extensive maintenance. Sellers are encouraged to minimize the amount of work required after purchase.

Energy Efficiency

Energy efficiency is similar to limiting the maintenance that a property requires after it has been purchased. First-time home buyers are now interested in saving money. Energy efficiency can also lead to compounded savings over time.

If you want to attract first-time buyers, sellers should include as many energy-efficient upgrades as possible in their homes.

Today’s buyers are more interested in how much money they can save on their energy bills. Properly insulated homes can help owners save a lot of money on their energy bills.

When you’re looking to sell your house, make sure to mention any energy-efficient features you have. A first-time buyer is interested in any amenities that can save them money over the long-term. This includes low-flush toilets and attic insulation.

Wireless connectivity

What do home buyers really want right now? Connectivity. Millennials are more tech-savvy than any other generation. It is safe to say that millennials will be dependent on technology in their home buying decisions. Nearly a quarter (20%) of first-time buyers will place priority on homes that have strong mobile phone service and Internet connectivity (smart home features).

It’s not surprising that millennials are the first generation to expect their homes to be technologically compatible. Strong Internet connections and mobile phone service are not a luxury, but a necessity. Sellers will have a better chance of selling their home if they realize this sooner than later. If you don’t address this issue, your home will become stale.

Laundry rooms

Laundry rooms are often overlooked, but they’re not forgotten. According to Kiplinger, 91.0% want laundry rooms in their new homes. This includes first-time buyers. It could be that they need more space or because they have had enough of sharing communal laundry rooms in their apartment buildings. However, first-time buyers expressed the desire to have a laundry area.

Patios

Many first-time buyers will want more space when they move into a new home. New buyers often come from small living spaces and need more space. A patio is a great option because most buyers have grown to use a balcony. It’s also a simple upgrade that can make all the difference.

Garage Storage Space

It’s easy to accumulate way too many things, as any homeowner will tell. Garage storage is essential for homeowners who have a natural knack for excess. But efficiency is more important. The garage storage allows homeowners to store the items they want and need without taking up too much living space. Garage storage is often more accessible than an attic, shed or garage, so homeowners can store their items over the course of a year and not forget where they are.

Garage storage costs can vary greatly, with everything from DIY shelves to professionally built workbenches and cabinets. The effort, regardless of price, will attract more buyers.

Exterior Lighting

The exterior lighting can be a great way of adding curb appeal as well as functional lighting. A well-lit home will make you feel more welcoming and attractive to those who pass by it or stop in to visit. Anyone who plans to host outdoor activities will need exterior lighting. Exterior lighting can also be an additional safety feature. Even a few small changes can make your home safer. Home buyers are beginning to notice the importance of exterior lighting, whether it is for entertaining or hosting a party. Exterior lighting is relatively affordable at $50.00 per fixture. Although the price of more expensive fixtures can go up, the bottom line is that it can still be done at a reasonable cost.

Walk-in Pantry

What are the most important features for home buyers? This is the most important feature for home buyers. Walk-in pantries can be a great way for a home to have more space. A walk-in pantry can cost anywhere from a few dollars to a large sum. The style of your home will determine the price. Luxury homes, for example, will need larger pantries to meet their needs. Owners can spend upwards of tens to thousands of dollars on luxury walk-in pantries. Mid-range homes may be able to get something cheaper. A walk-in pantry is a must-have for 83.0% of today’s buyers. This makes the investment worth it. They also want more space than the current place they live.

 

It is important to tell your Myrtle Beach Real Estate Agent what is important to you and what you look for in a home. The remainder of 2022 will undoubtedly attract the attention of first-time home buyers. This leaves sellers with one question: What features are most important for home buyers? What are the needs of new home buyers? And what can sellers do today to meet their customers’ expectations? Sellers should not only offer a listing in a competitive market but also take note of the above amenities. Sellers should not only be able to find buyers with today’s most desirable home features, but they should also offer higher returns for their owners. Sellers have the responsibility to deliver if buyers are willing to pay more for the features they desire. 

If you are a first time home buyer looking for the perfect home, call Full Potential Real Estate, LLC today!

Full Potential Real Estate, LLC

Myrtle Beach 29579

843-236-0203

Real Estate Tips For First Time Home Buyers

buying a homeIt is not a good idea to jump into the real-estate industry as a first home buyer without making the necessary preparations. Before you buy your first home, there are many things you need to do. This is essential to make sure that your purchase is successful and beneficial for both you as well as the seller.

These tips are from real estate professionals if this is your first home purchase.

Deciding if purchasing a house is the right decision for you

First, determine if buying a home is right for you. To ensure that you can afford the house in the future, assess your financial situation. You should not plan to move in the next five years. You will waste your time looking for the right house and going through the steps of the home buying process if you do not plan to live there for an extended amount of time.

Get the best professionals

Experts agree that hiring the right professionals is key to a successful home-buying experience. Although the internet has many of your needs covered, it’s still important to have licensed and trained professionals assist you in your home purchase. This is especially important if you are buying your first house. The realtor, mortgage professional and listing agent will help you navigate the entire home buying process. You will need to spend some time searching for the best professionals to work with. Once you find a Myrtle Beach Real Estate Agent, you should feel at ease. 

Protect your finances

This is vital as there are many costs and expenses associated with buying a house. You need to ensure that you have enough funds to cover the monthly payments for the next few years. After paying the down payment and closing, make sure that you have enough money. Remember that there will be other expenses, such as utilities and daily living expenses, that you need to cover after you buy the house and when you settle in.

Priorities you should be focusing on

This principle is especially important when searching for homes to purchase. This is especially important when looking for homes to buy. When you visit houses, don’t get distracted by the beautiful counter top or the intricate wall decors. These are the things sellers use to attract buyers. It won’t be as hard or heartbreaking to sell your house if you don’t have the money.

Talk to your neighbors

According to real estate professionals, talking to neighbors is a great way to evaluate the neighborhood. This, along with visiting the area at different times of day, will help you decide if the house is right for you. As long as you can find neighbors who have lived in the same house for many years, they will be able to give you lots of information about the area and the house you are interested in buying.

 

Looking for a trained and licensed real estate professional to work with? Call Full Potential Real Estate, LLC Today!

Full Potential Real Estate, LLC

Myrtle Beach, SC 29577

843-492-4537

http://fullpotentialrealestate.com

 

5 New Year’s Resolutions For Home Sellers

selling a homeAre you a homeowner whose planning to sell their home this year? You only get one chance to make an impression, regardless of market conditions and season. It must be memorable. There are some things you should do before selling your home. Here are five resolutions for 2022 that will help you sell your house quickly and at the highest possible price.

Set your listing date

You can schedule your listing date in advance so that you are aware of what to expect, how to plan and what to do when your house is up for sale. Moving to a new house and selling your old one to the right person requires a team effort from you and a professional real estate agent Myrtle Beach. Other professionals such as a lawyer and lender, a home inspector, and movers are also needed. This applies to anyone who is buying a house. Before you start anything, contact a seller agent to discuss your options and get advice.

Repair and replacement

You should inspect your property before you list it. Staining, cracking drywall, and defective light bulbs are all easy to fix and won’t cost you a lot. These things can have a significant impact on the offers you get for your house if they are ignored. It can be difficult to assess your home. Ask a friend to inspect your home and give you constructive criticism. A home inspector can be hired to inspect your house. The handyman will then do any repairs or replacements that are required.

Get Comparable Listing

Ask your agent to look at comparable listings at least three to six month before you list your house. This will give you a rough estimate of the price. Remember that many factors can affect the sale price of your house, including the size and interior finishes of the lot, the proximity to schools and parks, as well as proximity to public transportation. To ensure that your house is priced right to attract serious buyers, your real estate agent will inspect it before it goes on the market.

Get Rid of the Clutter

Your house will look smaller if it is cluttered. It all depends on how long you’ve lived in your home and what your lifestyle is like. De-cluttering can be difficult. Start small and work your way up. You can start in one room, then move on to the next. Be clear about what you need, want, and love. What are the things that you can live without? What are you left with after all this? You don’t need to take the items you don’t use as well as the items that make your home look messy.

Staging

You must stage your home when you are ready to sell it. To make it easy for potential buyers to envision themselves in your new home, you should keep your personal photos and other belongings out of sight. You should also store all non-essential belongings. Renting home furnishings can also help improve the interior of your home. You might be able to stage your home through your real estate agent.

 

Call Full Potential Real Estate,LLC if you are planning to sell your home!

Full Potential Real Estate, LLC

Myrtle Beach, SC 29577

843-236-0203

http://fullpotentialrealestate.com

How Long Does It Take To Purchase A Home?

real estate questionsYou may long to own your first or next home, no matter how small or cramped you are. You may feel that the search for a home is a daunting task. The truth is that buying a home doesn’t need to take as long as you think. Let’s look at the time it will take.

What is the average time it takes to buy a house?

You could be moving into a new home within 5-6 months, depending on where you live and your finances. If you buy a home with cash, it will take less time. If you are buying while selling your existing home, it might take longer.

You can also take steps to reduce the time you spend waiting. The best news is that you can do most work from your couch.

Let’s look at how to buy a house. First, let’s take a look at what you need to do before you start looking for a house. This will ensure that the process is smooth and efficient.

Before you start looking for your next home, you can prepare yourself to house hunt to reduce the time and effort required to buy your next home.

Organize your finances

Before you go to an open house and ask for a mortgage, make sure you take a hard look at your financial situation. This step can be completed in as little as a day depending on how your finances are managed.

Find out where you want to live

As you work to sort out your financial history, consider where you would like to live. Do your research and think about your lifestyle. Ask your family and friends what they love and dislike about their current location.

Timeline for Buying a House

You can expect to spend approximately 6 months searching for a home, getting mortgage approval, and closing on the property. However, this time frame can change depending on your personal circumstances.

 

Step 1: Apply for a Mortgage Pre-approval

Before you begin looking for a home, you will need to get pre-approval. This usually takes 1-2 weeks. When you apply for pre-approval, your lender will verify your income and check your credit history to determine the amount of home you can afford. The lender will then send you a letter with a formal estimate of the amount of loan they are willing to give you.

Pre-approval letters are a sign that you are serious about purchasing a home. Sellers and agents know that you will not have difficulty getting a loan once you find the right property. When you find the perfect home, your pre-approval letter will help you strengthen your offer.

Pre-Approval is usually quick and easy. You can apply online for a loan from many lenders in as little time as one afternoon. You should answer all questions of your lender, provide all documentation, and respond promptly to emails and phone calls. This will ensure that you get pre-approved as quickly as possible.

 

Step 2: Buy a Home

The hunt for the perfect home is often the longest part of the purchasing process. It will take you around three months to find the perfect property. You can save time and avoid looking at properties that don’t suit your needs. You don’t have to rush. It is not a good idea to rush into debt to buy a house you don’t like.

For a faster process, work with an agent

A Myrtle Beach real estate agent is the best way to speed up your home buying process. Local professionals are familiar with the market and can help you make the right decisions when buying a home. A real estate agent will help you narrow down your search and find homes within your budget. A real estate agent can help you make a strong offer, speed up negotiations, and even assist with your closing.

Step 3: Submit An Offer And Negotiate

It can take up to two months to submit an offer and follow through. When you have found the perfect home, your agent can help you submit an offer. A letter of offer outlines the terms of the sale. It includes information such as the price, closing costs and repairs that you require before closing. The job of writing an offer will be handled by your real estate agent.

These negotiations can take a while, as you might imagine. To speed up negotiations, ask your agent to contact the sellers’ or buyers’ agent. You might get valuable information from your agent that will allow you to customize your offer and obtain a quicker acceptance.

 

Step 4: Prepare for Closing 

When you have reached an agreement with your sellers, your mortgage loan will be closed. Most lenders require that you finalize your loan details within 30 to 45 days. This is to ensure your home meets the minimum requirements of your loan. During this time, your lender will schedule an appraisal. Before closing, you should order a home inspection.

 

Step 5: Close on your Loan (About 1 Week).

Once your appraisal is cleared and your lender has finished underwriting your loan, it’s time for you to close. First, your lender will issue you a Closing Disclosure. This document will outline the final terms of your loan including your APR, and what you have to pay in closing costs.

You should carefully read the Closing Disclosure. Your lender must give you at most 3 days to review your Closing Disclosure prior to the closing meeting.

Your lender will arrange a closing meeting after the 3-day deadline has expired. After the 3-day window has expired, your lender will schedule a closing meeting. You’ll sign your loan papers and pay your down payment. Once you have taken control of your property, your lender will notify you. Any last-minute questions regarding your loan agreement can be asked.

After you close the closing meeting, you are officially a homeowner.

You could be in a new home sooner than you think

A majority of buyers expect to spend approximately 6 months buying a home. After you submit your application, it will take approximately a week for you to receive your mortgage pre approval. You’ll also spend about 3 months looking at properties. You may need to negotiate a deal with the seller for anywhere from 1-2 months depending on where you live. It will take approximately a month for the lender to approve your loan, and another week to schedule a closing appointment.

It is important to remember that buying a house is an individual process. While some people spend less time buying a house, others spend more time going through the steps. If you aren’t sure you have the time or patience to commit to a 6-month timeline, don’t rush.

 

When you’re ready to purchase a home, Call Full Potential Real Estate, LLC for a great home buying experience!

Full Potential Real Estate, LLC

Myrtle Beach, SC 29577

843-236-0203

https://fullpotentialrealestate.com

How To Hire A Reliable Listing Agent

real estateTwo major mistakes homeowners make when it comes to hiring an agent for their listing are: They base their decision on the house’s highest price and the lowest commission.

The seller might initially say, “Are you crazy?” Sellers will often want to get the best price and the lowest commission. These criteria are not relevant to hiring a competent and reliable listing agent. They are often completely irrelevant in many cases. Let’s discuss why.

Highest Suggested List Price

Myrtle Beach Real Estate agents can’t tell you how much your home is worth. This is a mistake. Listing agents can provide you with comparable and pending sales as well as active sales. You can choose the sale price, and buyers will let you know if it is fair. An agent will recommend the price range that is most likely to attract buyers. The buyer will decide what happens next.

Agents can distort the truth to get the listing. Because real estate agents cannot guarantee sales prices, it is possible for a listing agent to recommend the highest price. Ask the agent for supporting numbers to support their suggested listing price. If the agent doesn’t have stats or the sales were in a different area, it may be a red flag.

Look for a listing agent that can provide a price range. The spread may be higher or smaller than the $10,000 difference between the high-end and the low-end. The range is determined by many factors, including market temperature and improvements to the home.

Pricing is an art form. The best time to make an offer is typically within the first 30 business days of it being on the market. The ideal time is 21 days. It will be easier for you to receive an offer if your home is correctly priced. If it is priced too high, buyers won’t be interested in your home. You will end up lowering its price and leaving them wondering if there are any problems with the house.

Choose an agent based on commissions

Each real estate agent is different. Each agent has their own strengths and weaknesses. Remember that only 10% of agents will manage 90% of the business. Each agent has its own marketing budget and techniques. You will be more likely to get a deal if you choose an agent who has a large advertising budget and can use company dollars to complement it. You will be more likely to get an offer if you can reach multiple buyers.

Why would an agent work harder than their competitors? A broker or real estate agent may discount a fee for a number of reasons. Sometimes, it’s the only way a real estate agent can compete in today’s highly competitive market. Without it, the agent won’t be able to stand out among the rest of the competition in terms of knowledge, service or negotiation skills. If the only benefit an agent offers you is a low fee, then you should ask why. Is he desperate to get your business? Are they unqualified? Do you want to work with a desperate agent?

Sometimes full-service agents can negotiate a lower commission in certain circumstances, such as:

If you are selling and buying a house simultaneously, both transactions will be handled by one agent. Although I don’t offer discounts like this, there are agents who do.

You’re willing to do the marketing and advertising work, as well as pay for all expenses associated with the sale.

Agents would prefer the signage and overcharge a full commission.

If you’re interviewing agents that offer similar services but are unable to decide between them, ask if they can show you their track record. This includes the original list prices and final sales numbers. You will find that the lowest-paid agent will offer you more price cuts and longer DOM. The difference in charges between agents who charge 6& and 5% is only 1%. Consider how you would fare if your house is sold by a lower-cost agent who can’t afford to market it actively.

Marketing Agents is Important

Marketing is the only way to make a listing agent a success. Because marketing helps them sell houses. Make sure to read every page of the agent’s marketing plan. What is the agent looking to accomplish in selling your home? These are some of the most important:

Lock box, Electronic tracking daily of lock box access, Professional signage that includes the number of the agent, Incentive for broker previews, Staging advice, Virtual tour, Targeted digital marketing, Distribution to Websites, Flyers for buyers, Four color flyers, and Open houses.

Remember that there is no one strategy that sells homes. You will always need to use a combination of these strategies to market your home.

A Good Listing Agent

Your listing agent will establish a special business relationship for at least one month. Choose an agent that you like, and someone you feel comfortable with. These are some of the traits that sellers expect from their agent: Experience, Education, Honesty, Networking, Negotiation skills, and be a Good communicator. 

Ask for a personal guarantee. Do not hire an agent if they do not promise performance or will remove you from a listing.

Call Full Potential Real Estate, LLC if you want to work with a professional, reliable, and competitive listing agent.

Full Potential Real Estate, LLC

Myrtle Beach, SC 29577

843-236-0203

https://fullpotentialrealestate.com

Questions First Time Home Buyers Should Be Asking Themselves

real estate agentFor first-time buyers, buying a house can be difficult. There are many requirements involved in buying a home. You may also be worried about making costly mistakes. First-time home buyers have some advantages that are designed to encourage new buyers in the real estate market.

The First-Time Home buyer Benefit

The American dream of owning a home remains a core part of the American dream. If you are not able to pay the minimum down payment or are part of a specific group, then you can access state programs, tax breaks and federally backed loans. Even if you are not an expert, you might be eligible as a first-time buyer.

The first step is to identify your long-term goals and how home ownership fits into those goals. Maybe you are simply trying to convert all your “wasted” rent into mortgage payments that will give you equity. Perhaps you view home ownership as an expression of independence, and like the freedom of being your landlord. A home purchase can also be an investment. 

Do a thorough evaluation of your finances before you start looking online and falling in love with the home of your dreams. It is important to prepare for the home purchase as well as the ongoing costs. This audit will help you decide if you are ready to make this big decision or if there are more things you can do to prepare. Once you do this, you can contact a real estate agent

 

Take a look at your savings.

Do not consider purchasing a home until you have a savings account that covers three to six months of your living expenses. There will be significant up-front costs when you purchase a home. This includes the closing costs and down payment. Not only do you need to save money for these costs, but also for an emergency fund. It will be required by lenders.

 

 What type of home is best fit for your needs?

There are many options available when buying a home. These include a single-family home, duplexes, townhouses, condos, and multifamily buildings with 2 to 4 units. Each option has its advantages and disadvantages depending on your goals. You need to choose the type of property that will best help you achieve those goals. A fixer-upper can help you save money on any property, but it may take more time and effort to make your dream home.

What specific features would you like in your dream home?

Although it is important to keep some flexibility in your list, this is the largest purchase you will make in your life. You deserve that purchase to meet your needs and desires. You should consider the basics, such as size and location, and then go down to the details, such as bathroom layout and durable appliances. You can get an idea of the price and availability of properties that offer the features you are looking for by scanning real estate websites.

 

What amount of mortgage are you eligible for?

It’s important that you know how much a lender will lend you before you begin shopping for your first home. While you may believe you can afford $300,000. Lenders may say you are only eligible for $200,000 due to factors such as your income, debts, and length of employment. Many agents won’t spend time with clients who don’t know how much they can spend.

 

 What is the maximum amount you can afford to buy a home?

Sometimes, a bank will lend you more money than you actually want. A bank may offer $300,000. But that doesn’t necessarily mean you should borrow that much. Many home buyers who are first time buyers make this mistake, ending up “house poor” and having little money left over after paying their monthly mortgage payment. This is because they don’t have enough to pay for other expenses such as clothes, utilities, entertainment, food, and vacations.

 

Who will help find you a home and guide your purchase?

A Myrtle Beach Real Estate Agent can help you find homes that fit your criteria and within your budget. They will then arrange to meet you to show you the homes. These professionals can help you negotiate the purchase of a home once you have chosen it. They will also assist you with getting a loan and making offers. The expertise of a good real estate agent can help you avoid any potential pitfalls. A commission is paid out of the seller’s proceeds by most selling agents.

The bottom line

This overview should guide you in filling in the gaps in your knowledge about home buying. It is important to be as informed about the process as possible before you start looking for houses. You’ll feel confident that you have successfully completed a major life step.

 

If you are a First Time Home Buyer ready to buy a home, call Full Potential Real Estate, LLC!

 

Full Potential Real Estate, LLC
Myrtle Beach 29579
843-236-0203
http://fullpotentialrealestate.com/
real estate agent

DESCRIBING SINGLE AGENCY, DUAL AGENCY AND TRANSACTION BROKER RELATIONSHIPS

Dual agency is outlawed in numerous states, however, it is legal in South Carolina. The issue with a dual agency is that vague reference to agency. The word agency in real estate terms means that the Myrtle Beach real estate agent participates in a relationship with a client to whom he owes fiduciary responsibility, also referred to as loyalty, obedience, and confidentiality. She is dealing on behalf of that customer in all matters relating to a specific property transaction. That is the meaning of agency.

In South Carolina, this is referred to as a single agency. An easy and simple method to understand a single agency is this: the realtor is acting as a representative of the client in any transactions, whether it is in the role of a buyer’s agent or a seller’s agent. Throughout the entire transaction process, the agency operates in the best interest of their client as if they were the client themselves.

The Problem with Dual Agency

Dual agency is simply what it states it is: an attempt to act in both the buyer and seller’s best interest at the same time. How can an agent not be in a conflict of interest in this situation? Naturally not, it would be impossible to act in both the buyer and seller’s best interests at the same time. That is why the dual agency is disallowed in the majority of states. Dual agency is legal in South Carolina as long as there is informed and written consent from all parties prior to entering into negotiations.

So What Is A Transaction Broker?

That is not to say that a representative cannot deal with the transaction for both the buyer and the seller. In South Carolina, we have a transaction broker also known as a limited agency classification. While it may seem like a dual agency, it is not. In this situation, the agent’s only loyalty is to the transaction and has not entered into a relationship as a trustee with either the buyer or the seller. The Myrtle Beach real estate agent is a neutral party between the buyer and the seller. Nevertheless, he owes both entities limited confidentiality. This means he is not permitted to inform the purchaser that the seller will take less or let the home seller know that the potential purchaser would be willing to offer more without express permission for the buyer or seller.

There are numerous Myrtle Beach property agents and brokerage companies that work strictly as transaction brokers. Real Estate agencies that prefer single agency say that working as transaction brokers avoids confusion and potential difficulties in buying a home. The representative is not likely to forget what his role is if it is the exact same all the time. It likewise prevents possible lawsuits, which is potentially the better reason some brokerage companies avoid single agency even in scenarios where the law enables it.

Why Choose Transaction Broker over Single Agency?

It appears a no-brainer that a customer would want to have a single agency representation over that of the transaction broker. Nevertheless, there are some great reasons why a single representative might have to transition from a single agency to end up being a transaction broker:

  • The customer (a buyer) wants to acquire a home that is currently listed with his representative or another representative of the same brokerage company.
  • The customer (a seller) decides to offer his home to a buyer who was introduced to his home by his listing representative or another representative of the exact same brokerage firm.
  • The law acknowledges that each agent of the company may have special knowledge and so the firm is unable to offer confidentiality to the client.
  • In fiduciary relationships, the client has agency with the brokerage firm which the agent works for, so two representatives of the same firm cannot provide a single agency, just a transaction broker plan.

Complete Disclosure

The lack of “complete disclosure” under the Transaction Broker relationship ought to not trouble the client. It does not imply that the transaction broker can withhold information from you. Again, the notification plainly says, “Divulging all facts that materially affect the value of the domestic real estate and are not easily observable to the buyer.” What it does imply is that the agent is not under obligation to inform you of their knowledge of either party’s intentions. In a single agency relationship, if the buyer’s representative (from another company) shows his buyer will pay more, a single agency needs the seller’s listing agent to inform the seller of that when he provides the buyer’s offer to him. As a transaction broker, the agent is not even allowed to go there without authorization, even if he has that privileged details.

Should You Use A Transaction Agent?

As mainly a buyer’s agent, I like having the ability to provide my client 100% of my attention, however, there are instances when I have served my buyer or seller well as a transaction broker. For example, a situation where I had listed a home and one of my associates at the office found a buyer. A couple of times, an agent in the workplace had a listing that was perfect for my customer. In each case, the transaction was carried out to the fulfillment of both parties.

I believe that the very best method to make sure that your transaction goes smoothly and for you end up as a pleased client is not in the agency relationship. It is by picking a reliable company and a skilled agent to deal with at first. The agent does not have to have years of experience, however, should have the resources offered to go to, if needed, in order to assist you through any transaction. My primary goal as a representative in the Myrtle Beach area is for you to be absolutely pleased with our services. We wish to retain you as a customer for several years to come. We likewise hope that you are so pleased you refer your friends and family also. That is the lifeline of a Myrtle Beach Real Estate Agent’s business such as with Full Potential Real Estate.

REAL ESTATE AGENCY SPECIALISTS: THE BUYER’S AGENT

buyers agentNever before has the role of experts worldwide in real estate being more crucial. With purchasers and sellers requiring more services, the industry has seen a surge of agents who focus on either the representation of sellers or buyers. These specialized representatives can offer a wealth of services and maintain complete impartiality during the sales procedure as there is just one client to represent.

Historically the sales deal and the concerns of the purchaser were the purviews of a single realtor. However, as the market has progressed so have the needs of each party and so the concept of the buyer’s agent evolved. Homebuyers have some very special needs, and specifically, they have to feel that those needs are seen to. Listing representatives are agents of the home’s owner and the role they have the main responsibility to that owner. How could they effectively look after the needs of an interested purchaser also?

So what is it that a Myrtle Beach buyer’s agent does? Primarily the purchaser’s agent will begin with the location of ideal residential or commercial properties for their customers. This is usually based upon a list of requirements and desires that the client has communicated to the representative. They will then arrange viewings and evaluate their findings with their clients and help in picking a good candidate for a deal. This will be based on the wealth of neighborhood details that a purchaser’s representative commands. As specialists, they are professionals on the offered location which is important in the education of clients on the areas that they are considering. As soon as a home is selected, the purchaser’s agent goals change considerably, developing into an overseer-negotiator role. They will generally collaborate on the assessments and perform the settlements with the listing representative. This includes the execution of the buyer’s desired changes and the closing of the real contract.

There is an art to representing a purchaser. It is a role that has become ever more important in a market where client service is the single essential thing that an agent can offer. If you are in the market for a home then the buyer’s representative is the good friend that you need to make sure that you are provided the service that you are worthy of.

  • What is included in a Buyer’s Agent Agreement?
  • Most but not all agreements will cover the following for the agent:
  • A non-disclosure that covers the client’s financial data
  • The agent will do their best to negotiate the best price for the buyer – not the seller
  • The agent must disclose if they are working with another buyer that is interested in the same residential property.
  • The agent will show all properties in which the buyer has an interest and that fits within their budget and buying criteria.

Work with the buyer to connect with service providers such as utility companies, home inspectors, lenders, and home warranty companies – any connection that will make the closing go smoothly and on-time.

  • The agreement also spells out the responsibilities of the buyer:
  • A home buyer must work with their buyer’s agent exclusively
  • A buyer will not give personal or financial information to another agent
  • Buyers will not call listing agents to see their properties, even if they believe they are saving the buyer’s agent effort and time.
  • The home buyer needs to clearly define any deal-breakers or must-haves to assist the buyer’s agent in their research efforts to find the very best fit for your dream home.

Call Full Potential Real Estate today to schedule a convenient time to discuss your dream home and explore the possibilities.

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

 

 

real estate broker

Tips For Choosing A Real Estate Broker

real estate brokerChoosing the right real estate broker is the first and maybe the most important decision you have to make when you engage in the purchase of a commercial real estate, real estate licensing, or perhaps a lease renewal negotiation. As a potential buyer or tenant, you have make the most out of the valuable services that an expert real estate professional can provide to a process that could become time consuming, risky, and costly. Just like other major business undertaking, the failure to ask for professional advice on a subject that is beyond your expertise could lead to poor decisions that will place your venture at risk. However, it is also crucial for you to select the right professional for the job. Having said that, here are some important tips when choosing an excellent real estate broker.

Do Your Due Diligence When Finding A Real Estate Broker

Start by performing exactly what you would do when choosing properties to potential brokers. This would boost the chances of choosing the right broker. Make sure that you create a guideline that is comprised of your needs and objectives to quality the potential real estate broker. A good example is a guide that says you will research all of the candidates that you will possibly work with and read their promotional literature, past closings websites, brochures, and more. You could then cross reference the credentials and history with other brokers in the local market. Remember that choosing the best real estate broker could probably bring thousands of dollars worth of time and money.

How Long Have The Real Estate Broker Been In The Business

There are several brokers who move from residential real estate to commercial ones so they can make big money. But what they don’t realize is that they commercial real estate is more than just purchasing and selling real estate. It requires comprehension and interpretation of rent rolls, profit, as well as loss statements, third party contracts as well as other specific documents involved with every transaction. In case your potential candidate cannot figure out the net operating income or perhaps cannot tell what the debt service coverage ratio of the property is, then you should start your search for another broker.

Know The Real Estate Broker’s Staff

You also need to gauge the competency of the staff of the broker to know if your deal is going to be handled with professionalism and efficiency. A great broker will have the best staff how has abundant understanding about an area and the ability to conduct a smooth transaction. Some things to think of include the kind of connections they have in the field, how they can help you and your venture, and keep relationships that could assist you in creating market contracts.

You need to interview the potential real estate broker Myrtle Beach to make sure that he or she is an excellent fit for doing business. A great broker will search for properties that meet your investment and business criteria. Over time, this will become a relationship that will grow and you need to make an effort to improve this relationship.

Call Full Potential Real Estate, LLC if you are looking for a reliable real estate broker.

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

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