Tag Archives: Myrtle Beach Buying And Selling home

What Is A Listing Agent And What Can One Do For You?

listing agentFinding a Myrtle Beach listing agent is a must if you are looking to sell your house. What exactly is a listing agent? Although you might think of a listing agent, or real estate agent, as someone who puts a sign on your front yard and shows potential buyers around, there are many more.

Here are some tips to help you find the right agent for your area.

How to price your home with the help of listing agents

What is the value of your home? It’s not an easy question to answer. Although you can find an estimated value online, it’s not possible to fine-tune the information. That’s where a good agent can help.

The stakes are high. If you price your home too low, you can lose a lot of money. It’s not a pretty picture if you price it too high. Although it might be tempting to hire an agent who promises he can sell your house for a lot, overpricing could cause your home to languish on the market for months or even decades. This could make buyers question your home’s condition and lower your asking price.

A listing agent will assess the sale prices of comparable homes in your area and recommend you accordingly.

How to sell your house using the help of a listing agent
A listing agent should give you a detailed marketing plan that explains how she will sell your property after you have determined an asking price. The following should be included in your marketing plan:

If necessary, recommendations for home improvement or staging. These alterations may be time-consuming and costly, but will increase your chances of selling faster and for a higher asking price.

Hire a photographer to capture your home’s best qualities.

Add your home to the Multiple Listing Service. Home buyers and agents can view your property, and decide if it’s worth their time to visit.

How listing agents negotiate with buyers
The listing agent will present the offer to you once you have received it. They can also advise you if there are any negotiations that need to be made. If you receive an offer that is significantly lower than the asking price, your instinct may be to decline. A listing agent may be able negotiate with buyers to bring the price up to a reasonable level. If the buyers are unwilling to compromise, they might find other ways to sweeten their deal, such as a quicker closing date or waivers of contingencies. These compromises could save you thousands of dollars.

How to choose the right listing agent
Do your research to find the right agent for you. Do not just go with the first agent that you meet. Ask at least one agent to meet you and get to know them.

These are questions you should ask prospective agents:
What number of homes have you sold in this region? How long ago was it?
What price range do most homes sell for?
Are you able to give me advice on the condition of my house and how it could be improved, so that I can sell my house for a higher price?
What’s your marketing strategy?
Do you have any recommendations for photographers, contractors, or moving companies?
Are you a member of the National Association of Realtors(r). (Realtors must adhere to the group’s code ethics.
How often will we touch base?

How much are listing agents paid?
Listing agents do not receive any commission if your home is sold. The typical agent commission for a home that sells is 6%. This is split between the buyer’s agent and the listing agent. Although this may seem high, consider the following: On average, an agent will spend nine hours working behind-the scenes for your benefit, every hour he spends with you. Listing agents work hard to get that commission and sell your home.

If you are ready to list your house, call an agent from Full Potential Real Estate, LLC.

Full Potential Real Estate, LLC
Myrtle Beach 29579
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

The Guide to a Successful Open House

selling a homeAre you thinking of selling your home? Open houses can be a great way to generate a lot of potential buyers in a very short time. You also have a greater chance of getting a deal from one of them. It is crucial to plan for an open house before selling a home.

These are Five Simple Steps to Make Your Open House a Success

Make a complete list

When your home is marketed by a Myrtle Beach real estate agent, you should also take stock of all your assets. You should list all the current improvements and all its benefits. You should not only list the positive aspects, but also consider the potential selling points such as a game room, a garage with three cars or a basement that could be easily converted into additional space.

Include visual charm

Even a small financial investment can yield huge profits. Make sure your entrance lights and numbering are in good condition so that customers can find your home easily. Repair any broken or missing pavers. You can improve your landscaping design by planting flowers in the entrance or adding privacy trees. 

Organize your home

You’re familiar with the routine: throw away, reuse and throw in the wash. However, this moment can be extended to include a variety of additional actions. Place valuable antiques and fashion jewelry in a safe. If your home feels cluttered, you can remove any other furniture or items. You can store the large coffee table or the extensive rock collection of your children in the garage until you have finished the open house.

Clean up

You will be asked by your agent to ensure that your home is clean and tidy. Before you host your first open house, do a thorough cleaning. It will be maintained in great condition throughout the marketing and revealing process by regular quick touch-ups. It is especially important to keep your home’s windows and mirrors clean. This will allow you to make the most of the natural light.

 

Make your home feel cozy

Adjust your heating or cooling to a comfortable temperature before the open house. Let the sun shine through the curtains or open the blinds. You can set the table with attractive tableware, flatware, and paper napkins. As a centerpiece, place a beautiful arrangement of flowers.

Ask your Myrtle Beach buyers agent how the open house went. What kind of responses did she/he receive? What did the audience like and dislike? What should you do to increase your house’s visibility? You can learn from your feedback and improve your next open home.

 

If you need help  setting up an open house in Myrtle Beach and its surrounding areas, call Full Potential Real Estate, LLC.

Full Potential Real Estate, LLC

Myrtle Beach, SC 29577

843-236-0203

https://fullpotentialrealestate.com

buying and selling home Myrtle Beach

Helpful Tips In Buying And Selling A Myrtle Beach Home

buying and selling home Myrtle BeachThere are lots of homes for sale that you can buy and flip to earn extra money. Even though it is currently a buyer’s market and considering the market has stabilized, many experts believe real estate investors can still make profit from buying and selling houses. The key to successfully buying and selling homes regardless of the state of the market or the price range of similar houses in the same area is being extra careful and vigilant.

It also helps to learn and follow some useful tips in buying and selling Myrtle Beach homes. If you are considering entering the real estate industry and start to buy and sell homes to make extra profit, here are some tips that can help you succeed.

  1. Invest in repair tools and equipment. If you see yourself buying and selling homes for a long time, you should consider investing in home repair tools and equipment as well as learning basic home repair skills. This will help you save money on contractor costs, especially if you plan on buying fixer-uppers. With the right tools and necessary skills, you can buy an affordable house and make some repairs to bring up the price and make it look more appealing to your target buyers on your own. As a result, you can quickly sell the house at a higher price and instantly get your profits.
  1. Spend a lot of time on research. Many real estate experts believe that it is extremely important to learn everything about available homes for sale. If you know the house you are planning to buy, you are more likely to sell it quickly and more effectively. Moreover, before buying a house regardless of whether through a short sale or not, it is important that you know the house inside and out so you know who to market it to. Targeting the right buyers is also one of the keys in effective buying and selling of real estate properties.
  1. Opt for a house in foreclosure or short sale. If you want to earn more, you should opt to buy and sell a house that is in foreclosure or offered via a short sale. In today’s market there are fewer foreclosures and short sales but they are still available. The only thing you have to worry about is how you can make the home buying process easier and faster. You can do so by working with a real estate agent in Myrtle Beach. Make sure that you work with a real estate agent who has years of experience in this specific type of real estate transaction. Full Potential Real Estate has years of experience buying and selling homes in foreclosure as well as in short sale transactions.
  1. Always think that home prices will not easily increase in a couple of months. Most often, home prices do not easily or quickly increase from the time you bought a house by the time you put it back in the market. Thus, if you want to quickly sell the house as soon as you bought it, do not expect to receive high profit if you are not going to make some improvements to the house. Think of the money you spent improving the house as part of your investment. If you target the right buyers, you will be able to easily sell the house at a higher price and earn your profits.

Call Cheryl Woodward today if you are looking to work with a reputable and experienced real estate agent in the Myrtle Beach area.

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

 

 

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