Tag Archives: Myrtle Beach Home

real estate agent

Tips To Make Downsizing Easier For Seniors

real estate agentMost seniors are aware that there will come a time when they need to downsize to cut costs, simplify their way of life, be closer to their grandkids, or to deal with their medical needs. It is usually a stressful process, both physically and emotionally. However, it does not have to be too overwhelming. Here are a few tips from expert real estate agents to make downsizing easier for seniors.

Downsizing Guide For Seniors

Start Early

Give yourself a lot of time for this particular process since it will take much longer that you initially thought. Take your time. Avoid sorting through your whole house in just a single day or over the weekend. A few weeks to about a month is more realistic. Deal with one room at a time and don’t forget to take breaks throughout. Downsizing will be less stressful if you are not rushing through things.

Start Small

You most likely have a few things in mind to get rid of in the garage or kitchen. However, avoid sorting through such a big room right from the start. You have a lot of things that you may have accumulated over the years and this will take some time to go through. Begin in a room with little emotional attachment and understand your needs. This will make the process a lot easier.

Eliminate Rooms You Won’t Have In Your New Home

If you are buying a home or a condo, you may not have an office space or a garage. Almost everything in these spaces will have to donated, sold, relocated, or tossed.

Get Rid Of Duplicates

You will find this true especially in your kitchen. You have at least two spatulas, a few oversized stock pots, and more. Now is the perfect time to get rid of the clutter.

Only Yes or No, No Maybes

If you are going through years of possessions, there are things that will tug at your heartstrings and you will be tempted to make a third pile for things that you can keep if you have enough space. Don’t be tempted. You will wind up with a Maybe pile that will be bigger than your Yes or No piles. Check every item and determine if you use it all the time or not. If yes then keep it if not then get rid of it. There’s no room for maybes. Only bring what you need to your new Myrtle Beach home.

Sell Your Things

Facebook, Craigslist, and yard sales are only some of the ways for you to sell your things. You most likely won’t make a lot of cash on most items, so think about how much time you would like to invest. For instance, yard sales tend to be faster but for cheaper prices while Facebook offers a wider audience.

Give Yourself Some Time To Reminisce

While you are sorting and cleaning, there will be a few days when you would like to stop emptying the bedroom of the kids drawings, trophies, and toys. You can pause and allow the nostalgia to take over for a bit.

If you need help in searching for your new home, call Full Potential Real Estate right away. Need help sorting, packing and getting rid of your things? Contact Brunswick Organizing Solutions.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577

buying a house

Closing costs when buying a home

When buying a house, the down payment isn’t the only expense you need to be aware of and prepare for. Before you can call the home yours, there are many other costs and fees that you must pay. The closing costs are one of these. It is crucial that you evaluate your financial situation before beginning the home-buying process. It is important to make sure you have enough money and savings to be able to smoothly complete the purchase process.

What are the closing costs?

These fees are charged by the lender or third-party companies involved in your home purchase transaction and must be paid at closing. The majority of closing fees range from 2 to 5 percent of your purchase price depending on which lender or third-party company is requesting them.

When buying a Myrtle Beach home, closing costs may be either recurring or not. Recurring closing fees are due each month and will begin at the close of the purchase transaction. These are the one-time fees you will be required to pay at closing. These fees are usually associated with the closing of the purchase transaction and processing your mortgage loan.

Recurring closing cost when purchasing a home

You will need to pay the following recurring closing costs:

fire insurance premiums

home owners association dues

property taxes

homeowners insurance

prepaid loan interest

The owner of the house is responsible for paying property taxes. These are the responsibilities for the seller of the house until you sign the purchase agreement. You will be responsible for property taxes once you have signed the contract. These will begin from the next billing cycle after the date of purchase. Property taxes are charged by the year, and prorated at closing. The owner will be reimbursed by the buyer for any taxes already paid.

Buyers are generally required to pay the entire annual premium for homeowners’ insurance at closing. You may also be required to make additional monthly payments for homeowners’ insurance. Prepaid loan interest is paid each month beginning with the closing of the transaction. For assistance, contact Full Potential Real Estate, LLC if you have any questions.

You will need to pay nonrecurring closing costs when you buy a house

All lender fees are generally included in the nonrecurring costs associated with closing a home purchase transaction. The fees charged by different lenders will vary. Before you make a home purchase, it is a good idea to talk with all the potential lenders about these fees. You will be able to negotiate the best deal for you and your lender. Don’t be afraid to ask a real estate agent for help if you are unsure of what to do.

These are the fees you will need to pay your lender at closing:

The origination fee is charged when your loan is processed.

The wire transfer fee is charged by your lender when you wire the money to pay for the house.

Preparation of loan documents requires a document prep fee.

The lender may charge a credit report fee to obtain a copy of your credit reports.

Appraisal fee is the amount the lender will pay to have a professional estimate the value of your house.

For evaluating and verifying your applications, there is an underwriting fee.

Survey fee is charged by the lender to verify the property lines for the house you are purchasing.

Depending on which lender you work with, there may be additional fees. These fees can be negotiated with the lender. However, it is important to set aside time to talk with the lender and explore all options. Remember that the lender must also benefit from your proposals.

A professional who is experienced and trained will help you negotiate a lower closing cost. Full Potential Real Estate, LLC can help you negotiate closing costs, and ensure that your transaction is smooth when purchasing a home. For more information, call them today. You may reach us at (843) 492-4537.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577

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