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Is It The Right Time To Invest In A Home When Mortgage Rates Are At Record Lows?

There’s a lot of debate recently about where the economy is headed. The state housing market in particular, is riddled with questions. Is it the right time to purchase a home while COVID-19 is pushing mortgage rates to record lows? This is just one of the many things that people are trying to get answers on. One sure fact, though, is that the real estate market still pushes forward even in the time of crisis.

Is purchasing a home in the middle of a pandemic even worth it?

Housing prices have held up quite well and even saw an uptick recently. However, the future of employment is still in the abyss. There’s still a lot to be said about the current state of employment in the country. The current Myrtle Beach real estate may hold a mixed bag of opportunities for people at opposite ends of the spectrum. It basically boils down to whether you are selling or buying a home in these trying times.

Housing prices are seemingly on a steady incline

If you are planning on buying a home during this time, be prepared for the increase in home prices. According to recent data from Realtor.com, median listing prices have gone up by 5.6% from last year. If you are in the market to find good prices, it is best to buy now while prices are relatively low. Delaying your purchase would mean paying more as the market is seeing a steady increase in prices and it may not drop any time soon.

Selling your home is easier now

The pandemic has brought a lot of suffering to a lot of people and it has hurt the economy badly. However, it brings a surprise boon to would-be home sellers. A lot of sellers have removed their listing from the market. This means less competition from other sellers. In case you plan on moving to a different part of the country, selling a home is not a lot easier. Of course, this would also mean adapting to the current trend in the market. Gone are the days of walk-in clients checking out your property. If you are unaware of the recent changes and the best ways to sell your home, you could contact experts like Full Potential Real Estate to aid in the sale.

Mortgage rates have plummeted to all-time lows

Data from Freddie Mac shows that a 30-year fixed-rate mortgage has gone down to 3.13% and a 15-year mortgage fell to 2.59%. For a clear comparison, a 30-year mortgage was at 3.72% in January. You stand to gain thousands of dollars in savings should you choose to take advantage of the low mortgage rates now. Apparently, the housing market hasn’t been brought down to its knees by the Coronavirus. Instead, it made the market better for buyers and sellers alike. However, it is advised to continue watching the market as trends may shift rapidly depending on where this pandemic takes us next.

Are you undecided on buying a home in this time of pandemic? Let Full Potential Real Estate help you out! Call us at (843) 236-0203 for more information on our services.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577

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Buying real estate is the most cherished dream of people from all economic strata. There are indeed very few feelings that match the pride of owning your own residential property in Myrtle Beach. At the same time, buying real estate is the single largest investment that one makes in one’s life, parting with a significant portion of his/her life savings.

If the person takes a home loan to buy real estate, the reimbursement period often spans the major part of their working life. Thus, buying real estate necessitates careful analysis and informed decision making. The good news is unlike before; the terrific advancements in the banking sector have made the dreams of buy real estate not that distant anymore.

In the past few decades, the age of buy real estate has dropped to less than 30 years from the average 40 years. This is hardly astonishing when one looks at the various aspects at play that have made buy real estate easier than ever before.

Some buying real estate in Myrtle Beach key factors are:

Rising Income

Along with the ever-rising pay scale, the cost of the homeownership in terms of annual income has plummeted to 4 years now from the 7-9 years, a few decades ago. This factor has played a crucial role in making buying real estate more affordable for people.

Declining interest rates

The home loan rates, which were around 15 percent per annum in the not too distant past, are currently at three to four percent per annum (this is an area you will want to negotiate with your banker). Effectively, it implies a lower monthly loan repayment or equated monthly installment (EMI) for the general public. The declining rates also mean that potential buyers can now afford to borrow much larger loans and buy real estate that they would have only dreamt of a few decades ago.

Easy availability of loans

Nowadays banks and financial institutions are readily disbursing home loans at competitive rates, for five to twenty-year terms and, moreover, the loan application processing is much quicker than before. The person can now avail of pre-approved home loans, which are sanctioned on the basis of one’s credit history. The actual disbursement can start a week after the lender has scrutinized the legal and technical aspects of the selected property. Thus, if the person applies for a home loan after finalizing the property, the entire process can take only a few weeks.

Rising Rent

In the last few decades, property rents have appreciated significantly in the Myrtle Beach area due to the influx of seasonal visitors. The tenant realizes that by diverting his monthly house rent to an equated monthly installment of a home loan, they can buy real estate and in so doing create an asset, that has the potential to appreciate considerably over time.

Yes owning your dream home in Myrtle Beach is within the realm of possibility. The purchase process will go smoothly when you have a pre-approval from a local mortgage lender.

Housing Market Turns Digital Amid Pandemic

After the pandemic broke out, the housing market was forced to go digital or remain crippled until things go back to normal. Every Myrtle Beach real estate agent is shifting their focus from the traditional means of selling a home to online-based approaches. These methods involve 3D tours of a home, video tours, and live streaming to boost sales despite the current situation.

Even homeowners looking to sell their property is taking to social media platforms to make a sale. With the use of smartphones, digital cameras, and other means of taking video footage is widely used. However, there’s a bit of a learning curve in this process since it’s never been done on such a massive scale. These methods are, by no means, new. They have existed for a long time but never went mainstream since there was no real demand for it. People could just visit a home and see it for themselves. If you ever need assistance with buying or selling a home, contact experts like Full Potential Real Estate.

On the other hand, now that the pandemic is pushing people to stay in their homes, your local Myrtle Beach buyers agent is getting more creative. Clients can request pictures and videos of the house and the buyer’s agent would provide the content for them. However, random photos of the kitchen or living room won’t make the cut. Photos need to be crisp, clear and filled with details and the same goes for videos.

Video conferencing through smartphone apps also need to be specially choreographed to ensure that prospective buyers can be persuaded into buying.

Appraising and inspecting the home

Showcasing the home had a lot of changes. The same can be said by making appraisals and inspections. Instead of the regular means of inspection, the home is now brought to the inspector. It’s a great concept but achieving results may vary depending on the evaluator since there’s no gold standard on the process. Everyone has their own way of doing things since this is all new to a lot of people in the market.

Making remote closings

Finally, we have remote closings. Unlike what you would normally encounter during a regular closing, now is more different. Real estate transactions are being pushed to its limits, allowing for closings without human contact. Of course, this concept does not come without any hurdles. Not all states accept RON or remote online notarization. There’s no real standard to this point and without universal acceptance, buying a home just won’t be as easy as it used to. However, this will depend if your state allows for RON, which could ease the process if you manage to go through all the steps like online staging, inspections, appraisals, and finally a remote closing.

Need help buying a home amidst the pandemic? Call Full Potential Real Estate to get the right services that will help you find the right home for you!

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577

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Yes, you should fix all of the obvious things you can.  When homebuyers visit homes, they look for the things they see that obviously need some fixing.  Most buyers would rather not see the repairs in front of them.  They want to buy a house that is in ‘perfect’ condition. You should put yourself in the buyer’s shoes.  Think like a buyer and how they perceive a real estate investment.  Would you want to repair or fix up anything in your new home?  No, you would not.

While you are still in the buyer’s frame of mind, tour your house.  Make a list of all the things you see that need repair.

Staging your home is important. Without it, you miss out on the opportunity to easily find home buyers.

Here are eleven obvious things to look for and correct any defects:

  • Do your walls need a fresh coat of paint?
  • How about the trim?
  • Are all of your floors and carpets in good shape? Do they need cleaning?
  • Are your windows and shades okay? Are the screens in good condition?
  • Do your appliances work properly?
  • Eliminate squeaks and cracks of all kinds.
  • Is your basement clean and organized?
  • Is your roof in good condition and non-leaking?
  • Check all faucets, fixtures, and knobs.
  • Make your lights as bright as you can.
  • Clean the fireplace.

The time and effort you put into this list will save you money and aggravation in the Myrtle Beach real estate sales process. You can do these repairs yourself or hire someone else to do them for you.  The money you spend doing this will come back to you in savings.  Your house will show better and sell faster in tip-top shape.

You can contact Full Potential Real Estate for a list of things to do before you put your home on the market. Myrtle Beach Home Services is a great place to start if you are looking for service providers such as a handyman, electrician, plumber, or painter just to name a few. You don’t have to sift through a long list of providers – there is just one business per category. They will provide a free estimate so you have a good idea of what it will take to get your home ready for sale. If you draw a blank, you can always ask your real estate agent for some useful information.

When you are ready for the market, call Full Potential Real Estate. We are not only a Myrtle Beach Real Estate Agency, but we are also real estate brokers. We can assist you from listing your house through the closing. Call today and speak with Cheryl or Jeff and put all your real estate fears to rest.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577

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Selling A Home In The Midst Of Coronavirus

Everything has become harder to accomplish in the middle of this global pandemic. Even selling homes became increasingly sluggish with rates going down steadily. According to realtor.com, new listings plummeted by 29% annually while total real estate supply saw a 19% drop. In this dire situation, is it even worth it to sell your home? Is it even possible to get people to take notice of what you have to offer?

Selling a home while facing a pandemic

With social distancing measures and stay at home orders in place, people have very limited options when it comes to selling their property. This pandemic that we’re facing has put a barrier in between everything which is why selling a home must be done through inventive means that were not done before. Any Myrtle Beach real estate expert would tell you to take your listings online. Not only that, but there are also other methods that can be used to get your home in the market and have it sold.

Staging a home matters most nowadays

A lot of sellers have never bothered much about staging their homes. Last year, you could get away with getting a nice price for a home without the hardest attempts at staging. However, that was all back in the day. Now, you would have to do more to sell a home. That means staging is the new norm.

Even if there’s nobody physically visiting your home, you should still invest in staging your home. There are software applications that can be used to make 3D tours of your home. You can check your real estate agent about this matter should you draw a blank. It’s all about proper presentation and having an online presence. Nowadays, everything is done online and there’s nothing we can do about it than embrace the trend.

Online staging is not going away

Scientists are still a long way to developing a cure for coronavirus. Even if they did manage to make one, it would take years or months before a vaccine can be given to every single person in the nation. With that in mind, the importance of social media platforms and other online outlets have never been more highlighted. Hosting a Facebook live and touring your home reaches more people than you would have initially thought of.

Hiring help

It is very important to note the services of a real estate expert like Full Potential Real Estate. Now that the real estate market is shifting digitally, you will be needing the assistance of a real estate agent. Being digital does not discount their expertise in the field. They too are moving their resources online to cater to their clients much better. Should you need help with staging a home, buying a property, or putting your real estate in the market, you should always consider hiring the services of an expert. You will always end up getting a better deal than you would on your own.

Are you looking to sell your home but finding it hard due to coronavirus? Call Full Potential Real Estate today and we’ll help you out!

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577

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To buy real estate is the largest single purchase most people will make in their lifetime. When you commit to buy real estate in Myrtle Beach, you should be as educated about the process as possible. It pays to be cautious, yet proactive. A single mistake in the process to buy real estate can cost thousands, if not hundreds of thousands of dollars.

One of the best things you can do when you buy Myrtle Beach real estate is to select a good real estate agent. A real estate agent will not cost you any money upfront, as he or she is paid by the seller out of the proceeds of the sale. The services that a good real estate agent provides are priceless. It would be a mistake to try to purchase a home by yourself without representation. To try to save a 4% commission and use it to save 4% on the purchase price of a house is a foolish strategy some people play. If you have little or no experience in the real estate field, the results can be catastrophic. Purchasing a home involves a lot of complicated rules, contracts, disclosures, and other minutiae that the average person just doesn’t have the time or experience to navigate.

Better yet, find a good buyer’s agent, like Cheryl Woodward with Full Potential Real Estate, when looking to buy real estate. An exclusive buyer’s agent represents only buyers and never the seller. By selecting an exclusive buyer’s agent, he or she will make sure that your interests are protected. When purchasing a home, you can expect the process to have a hiccup somewhere down the line. To have a smooth purchasing experience from beginning to end is the exception rather than the norm. An exclusive buyer’s agent will help you get through these problems, as well as dispense advice so that you can make a good decision when the process takes a bad turn.

When you have your agent selected, you should select a good mortgage company before you buy real estate. Select a mortgage company separately from your real estate agent. Some agencies have in-house mortgage companies and other related services. Be wary. The best financing terms to buy real estate can be found on your own without the help of your agent or his brokerage. Shop around for a mortgage company and pay special attention to the fees being charged, not just the interest rate. The best mortgage will have the most advantageous combination of rates and fees, coupled with good service throughout the life of the loan. Before you make an offer to buy real estate, have a pre-approval in-hand. Not only will you gain leverage for negotiating the terms of the purchase, but you will also shorten the lending process dramatically by handling many of the details up-front.


Myrtle Beach real estateMillennials– they’re the generation between 18 and 35; the new young experts; the current grads, and they’re also entering into the real estate market in droves. Typically, they’re newbie property buyers, which means that they have the prospective to make mistakes in the home-purchasing process.

Here are the leading seven blunders millennials make when they acquire a new home.

It doesn’t matter if you are a part of this generation or you simply want to make your home search successful, these suggestions will help you to obtain your dream home.

Blunder # 1: Not Getting Pre-Approved

Your search for a new home should never start with searching for listings online. If you’re serious about purchasing a new home, start by meeting with a mortgage provider. Although that appears in reverse to several newbie homebuyers (“Why would I speak to someone concerning getting money for a house I have not located yet?!”) it will help you in the future.

When you get pre-approved for a home loan, it implies you have actually met a lender and also showed them your credit report, financial debt, income, and possessions in order to offer an image of your finances. With that information, they will prepare a pre-approval letter– something that tells you what you potentially qualified for, however, isn’t an assurance of a loan. Myrtle Beach buyers agent looks for a pre-approval letter when working with you since it shows you’ve done your homework and you recognize your spending range. Sellers take into consideration a pre-approval letter with every offer because they recognize there’s a much better chance of you actually getting the home loan to buy the residence.

Blunder # 2: Not Working with A Real estate agent

In the age where you can acquire virtually anything on-line, lots of millennials think that they could acquire a house through an on-line listing company. They look at Zillow, Realtors.com, and Trulia, discover the perfect residence and also call the listing agent.

Stop right there. This isn’t to insinuate that looking online isn’t a wonderful suggestion to see exactly what sort of residences are listed in your price range. Actually, it’s a superb method to be prepared to seek the sort of home that’s in your spending plan, consisting of size and location. Nevertheless, if you think you can do all your house buying by yourself with the internet, think again.

When shopping for houses online, you’re not truly obtaining the full image or bottom line price. The house may have smells, creaks, or sights that you’re not seeing while taking a look at the images on the listing. Not only that, if you’re interested in a residence and connect to the listing agent, but they’re also not going to have your best interests in mind. They’re legitimately bound to the seller, so you could not get the very best deal. That’s why it’s very important to first talk to a home loan lender to see just how much you could manage, and afterward collaborate with a real estate professional, like Full Potential Real Estate, who can help you avoid paying lavish amounts of cash and also walk you through different choices of residences that are within your price range.

Error # 3: Getting Even more Home Than You Could Manage

While looking online for a home, another blunder millennials make is checking out the projected home loan repayment as well as thinking, “Hey, I could pay for that!”

A lot of times, the monthly home mortgage price on the listing does not take into consideration insurance coverage, taxes, HOA costs, Personal Home mortgage Insurance policy if your deposit is less than 20%, or other energies and also upkeep expenses. Getting a house price is a lot more than the dollar amount detailed there– it’s costly as well as if you wind up buying more residence than you can manage, you run the risk of coming to be “house poor” swiftly. That indicates you pay even more cash month-to-month for a house compared to you could fairly afford.

Lots of mortgage lending institutions will pre-approve you for a home loan that’s much more than you really can pay for on a month-to-month basis. You can’t rely upon them to give you an accurate quantity of money that you’ll be spending every month on your residence. You need to do the research on your own. Take a look at just how much cash you spend on food as well as transport. After that, take a look at just how much you’d be investing in an insurance policy, tax obligations, closing costs, and maintenance. Include a bit for financial savings, just in case, and you have a better image of your spending plan each month. If you could pay for everything that enters into a home, you’re ready to acquire. If not, you may start taking a look at homes in a lower price range.

Error # 4: Not Looking for A Home loan

When you find a home, make an offer, and start the closing process, you should look around for a home mortgage. Numerous newbie property buyers think that they need to go with the lender that gave them their pre-approval letter. Not so! You could shop around for the best rate of interest and also terms that fit with you as well as your budget. In fact, not shopping around for a mortgage can end up costing you countless dollars in interest.

Error # 5: Not Attending A Residence Assessment

This is one of the greatest blunders you can make when purchasing a house. If there’s one point you taken from this short article, let it be this: participate in the home evaluation. Do not let your real estate professional go without you to evaluate the assessment. Do not send your mother or brother or second cousin on the home assessment. Take the time and walk through the home with the house inspector. Actually, make certain you’re involved with the entire process, including employing your very own personally vetted assessor, walking through the residence with the inspector, asking them inquiries about the state of the house, as well as lastly reading the assessment report.

Why is this such a sticking point? A home’s worth isn’t almost the property it sits on– it’s also the state of the appliances, systems, as well as the foundation that makes up the home. If the roofing is failing, you’re most likely to end up spending significant amounts of cash on it earlier rather than later on. If the heat pump does not work properly, you’re going to have to shell out a great deal of money to change that. You need to be informed regarding just what you’re getting yourself into when you buy a house; just what prices you can expect in the future and exactly what components of the residence should be repaired or changed by the seller (or the price reduced) prior to you go through with a sale.

As a side-note, if your real estate agent informs you a house guarantee will cover most of the issues in the house assessment, they are misinformed. A lot of home warranty companies will not fix or change broken-down systems that we’re falling short in-home evaluation. If there’s something incorrect, get it repaired prior to you acquire!

Error # 6: Not Obtaining A Residence Warranty

That being said, you’re not likely to discover a residence in absolutely excellent condition, specifically if it’s not a recently constructed home. Homes wear out as well as break down. Make sure to request a residence warranty throughout closing. Although it isn’t likely to cover every item, it can supply significant financial savings for new individuals when something falls short from typical wear and tear, and it will. Some home warranties cover for lack of maintenance, corrosion, or debris in the hot water heater– all traits that might not be located with a house inspection yet could create systems problems and home appliances to fail. This is when you will be glad you had a home guarantee– you don’t need to spend hard-earned money to replace something when the seller didn’t maintain the system appropriately. It’s a good fail-safe.

Error # 7: Not Factoring In Resale Value

Ultimately, when you acquire a home, think about the resale value. Unless you are a millennial who has a whole lot more money compared to the rest of us and can afford to get your dream residence in the initial go-around, the chances are that you’ll be listing it sooner rather than later. Look for something that can increase equity (you could obtain new carpets, wood floors, or granite countertops) and that will certainly appreciate in time (the area is up and also coming brand-new stores, and also dining establishments are appearing around it). Guarantee that when you get, the cost will rise over time, so you could sell it for a greater profit than the amount you purchased.

There you have it, seven errors you could currently combat as you purchase a home for the very first time. Use these tips to guarantee your home-buying encounter goes as efficiently as possible!

Always consult with a Myrtle Beach Real Estate agent before making an offer on a new home. You can save thousands of dollars down the road. Contact Full Potential Real Estate for a no-obligation consultation.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577

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According to many real estate experts, the best and easiest way to quickly sell Myrtle Beach homes is through proper staging. Aside from being able to sell quickly, the proper staging also helps to improve the value of a home. There are different ways of staging a home. Some require you to spend money such as renovations and home improvements. Others, on the other hand, require your time and effort. Keep in mind that you do not have to spend a lot of money on staging the house that you are selling. Sometimes, you only need to do some cleaning and organizing. Simply rearranging the furniture and adding or removing decor can effectively stage your home.

Below are some staging tips that you can consider for your Myrtle Beach homes for sale.

  1. Get rid of all the clutter. Clutter not only means the dirt inside the house. Clutter can also be your unused tools, the pile of mail and letters, all those extra utensils, and other unnecessary items that no one is using. According to expert real estate agents, one of the primary causes of clutter is having too much furniture. To get rid of clutter, you can start with reducing the furniture inside the house.

Start with the ones that you are no longer using. If you are having difficulty deciding which ones to remove, think of the things and items in the house that you can live without.  Remember that the primary goal of staging is to make the house look bigger and more spacious and you can do this by removing some of the items that you no longer use and need.

  1. Repurpose furniture. You do not have to get rid of all the extra furniture. Try placing them in a different room. For example, that extra armchair may cause the living room to look crowded but it could make your bedroom look more comfortable. Also, that old dining table can be repurposed to a writing desk or library table that you can place in your home office or study room. You can add lamps and other decorations on it so people will know its purpose.
  1. Transform all space into useful rooms. If you have closets that are not being used and are only accumulating junk, dust, and debris, it is time to transform it into a beautiful and useful space. Keep in mind that many homebuyers will be looking at all spaces in the house, including that forgotten closet, the basement, and inside the cabinets when they come in for a visit. Thus, transforming all spaces into useful rooms will help sellers better prepare their Myrtle Beach homes for sale.

First, clean the unused room and use your imagination on how best to use that room. For example, you can transform that unused closet into a mini library or a reading nook. Or you can also make it into an extension of the kids’ room where they can stash their toys. The basement, if cleaned and decorated, can be transformed into various types of rooms: an entertainment room, yoga or workout studio or playroom. Really, all it takes is your imagination and creativity.

  1. Ensure proper lighting. Do not forget that proper lighting is what makes a house look comfortable and welcoming. Thus, make sure that you have at least 100 watts of lighting for every 50 square feet of space in your home. Also, use more than one or two lighting fixtures in each room. Combining different types of lighting fixtures, such as task lighting, ambient, and accent lighting will provide each room with a more warm and inviting effect.

Staging options to consider when selling a home

Myrtle Beach real estate

The first thing your Myrtle Beach real estate agent will tell you when you are selling a home is to properly stage the house. The primary reason for this is because staging has been proven through the years to help easily and quickly sell a house, regardless of its location and age. With proper staging, any house will look appealing and attractive to its target buyers so that it will sell faster and at a higher price.

Unfortunately, many home sellers think twice about staging their homes. Quite often, a Myrtle Beach listing agent would advise you to prep your home before selling. Most of them associate staging with spending money on major renovations. In reality, however, staging does not cost a lot. In fact, there are homes that are staged appropriately without requiring a single dime from the seller. Keep in mind that the goal of staging is to showcase its beauty and make it irresistible to home buyers. This can be easily achieved without spending a lot of money.

Below are some staging options that you can consider when selling a home in Myrtle Beach. These do not cost a lot of money. On the other hand, only one will fit your needs and budget.

  • Professional consultation – A professional stager knows how to efficiently stage a home so that it will effectively attract its target buyers. At first look, they can tell you what your home needs such as a new paint job, landscaping, or organizing of your furniture and other stuff. If you have a professional look around the house, they can also suggest converting a room into an office or guest room depending on your target market.

Remember that the key to successfully staging a home is to keep the needs and wants of your target buyers in mind. You are staging the house for them, to attract them. That is why it is necessary that you focus on their needs. If you are targeting small families, you will have to make the house look child-friendly. There should be enough rooms for all the members of the family.

  • Partial staging – This includes a little bit of staging work on the home and is highly recommended for homes that are still in tip-top shape. If your house is just a few years old and is relatively new, you do not need a lot to do to be able to make it presentable to home buyers. But because you are targeting specific home buyers, you need to make the house appeal to their needs.

Partial staging basically includes converting one bedroom into a home office if you are targeting young professionals or vice versa if you are targeting small families. It can also include removing or replacing some furniture to make the house more presentable and attractive. Other times, a house only needs a thorough cleaning and some organization.

  • Full staging – This type of staging is recommended for homes that need some repairs and renovations before being listed on the market. In addition to this, investing in new furniture is also necessary before selling a home. When doing a full staging, on the other hand, many listing agent would recommend focusing on the kitchen and bathrooms as these are the rooms that most home buyers will primarily look at. And oftentimes, these rooms are the decision-makers for the home buyers. How they see the kitchen and bathroom will make or break their decision to buy the house. For all your needs when selling a home, hire experts like Full Potential Real Estate, LLC.

However you choose to stage your home, it helps if you work with a professional. Call Full Potential Real Estate, LLC now for professional assistance in staging and selling a home.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577

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



real estate

Realtor: Do I need One To Buy A Home?

Buying a home is never easy. It’s not like a car that you take out of a dealership and that’s it. Buying a house is a little bit complicated that you will need help. This is there a real estate agent steps in. Realtors can help get the property you need that also fits in with your budget. Hunting a property on your own will yield mixed results. However, when it comes to hiring a realtor, you have a higher chance of getting better deals than you would on your own.

Reasons why you should hire a realtor

Maybe the most effective thing when it concerns a customer’s representative is that their services, all of the work they are doing is for their customer and they are cost-free. These specialists get paid a part of the payment, which is created to build the residence that you purchase. The seller of the residence will be the one that will certainly offer the payment that will certainly pay his representative as well as yours, also. So, it will cost you nothing to utilize the solutions that are provided by a realtor.

Realtors can help you with the financial aspects

Just how much you can afford for a house is in fact based upon a number of variables. These consist of the current rates of interest, earnings, as well as how much you managed to save for a deposit, in addition to your credit report. Many buyers could pay for about three times their annual earnings. A buyer’s representative could assist you to find out if you have sufficient revenue as well as a down payment to receive a home loan on the house you desire. Your Myrtle Beach real estate agent can likewise lead you to sources of down payment assistance like federal government programs for newbie buyers.

Realtors can help find a property that suits your budget

Your buyer’s agent will locate a house on the marketplace that matches your description as well as have the attributes that you want to have in a residence. This will save you hours of driving around as well as looking for homes that fit your preferences.

A lot of homes could be seen online. However, the buyer’s agent would certainly have seen the majority of them in person as well as will certainly be able to help you in finding the ones that are best for you. Your representative will certainly set up a visit so that you could explore the ones that could be best for you as well as the representative will also attend the proving along with you. In case you have some concerns regarding your home throughout the tour, your agent can obtain the answers for you. Always take time looking for a realtor. Choose the likes of Full Potential Real Estate, LLC who are highly dedicated to the task of providing the best deals on properties.

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