Useful Myrtle Beach Real Estate Terms
Myrtle Beach Real Estate Home Inspection — an examination of the condition of a home. They are done room by room, from the roof to the foundation, and include looking carefully at things like pipes, heating and air conditioning, bathroom and kitchen sinks, as well as tubs, faucets, and any appliances which are included with the sale.
The basic idea is that the home inspector is trained to spot issues that a typical Myrtle Beach property owner or buyer is likely to miss. This inspection is not intended to point out repairs that the current homeowner can see for themselves and should have disclosed in the listing of things that should be obvious to a buyer such as the color of the paint or the conditioning of the carpets.
Full Potential Home Services is available to provide handyman services after your inspection. We make sure your house is ready for sale. This is the advantage of hiring a real estate agent and handyman team. Cheryl and Jeff Woodward work together to ensure your home is ready to sell for the highest price possible.
Real Estate Agent Tips: Terms You Need To Know
Home Warranty Policy — insurance coverage which pays for home repairs to the working systems (heat, cooling, plumbing, and so on) and home appliance repair during the very first year of homeownership. Policies will vary. Generally, there is a deductible amount. They can be bought by the buyer or by the seller for the buyer.
Power of Attorney
Limited Power of Attorney — a document which provides another person with the legal capacity to act for and sign papers for the buyer or seller in connection with the purchase and sale of a particular Myrtle Beach real estate property. (An example of this occurred last summer when a friend of my kid’s offered his other half a minimal power of attorney to allow her to settle the sale of their house after he left for Iraq with members of his National Guard unit property.) Contact a real estate attorney if this is a document you will need.
Personal Property—items such as home appliances which are not built-in, play equipment such as swings and above ground pools which are not in-ground, furniture, and plants in containers. This could also include a shed which is detached from the house.
Make sure you thoroughly understand what you are buying before you sign on the dotted line. Working with a professional and reputable realtor is always recommended.