Tag Archives: Real Estate Agent In Myrtle Beach

real estate agent

Hire A Real Estate Agent When Selling Your House

There are two options when deciding if you should hire a real estate agent to help you sell your home. Is it feasible or realistic to sell your house without professional help?

These are questions that many sellers ask, but only a few end up selling without an agent. Only 11% of sellers choose the for-sale by-owner (FSBO). Another 5% took on the majority of the work themselves, but hired a real estate agent to help them close the deal. About 13% tried to sell themselves before hiring an agent.

Does the law require me to hire a real estate agent when selling my house?

You are not required to use a real estate agent in Myrtle Beach for the sale of your home. FSBOs can be used in all 50 states.

You may need to have a real estate lawyer to help you with the paperwork depending on where you are selling. Alabama, Connecticut and Delaware, District of Columbia are the states that require a closing attorney.

These requirements could change as state laws are changed, so make sure to check the rules in your state before you sell.

Can I sell my house without an agent?

Selling without a listing agent is legal. Selling on your own is possible depending on your goals, your skills and your willingness and ability to work hard.

It is estimated that it takes between 55 to 70 days to sell a house nationally. However, this can vary depending on where you live. Expect to devote a lot of your time to the process, including the preparations necessary to list your home.

Why would I need an agent to help me sell my house?

Most sellers choose a listing agent to help them sell their homes. This is because the job requires dedication, patience, expertise, and skill. Many FSBO sellers work full-time and have other obligations that make it difficult to devote the necessary time to sell their homes. Sellers often find that the 2.5% – 3% commission they pay to their agent is more important than a faster close, higher selling price, or smoother transaction.

An agent is your trusted advisor who will help you understand your local market and provide tips on marketing your home. You can also view past sales, review an agent’s listings, and connect with them directly when you are ready.

Why sellers prefer to work with real estate agents

Agents are chosen by sellers for their wide range of services. These are the top services that sellers depend on when they sell a house.

  • 74% of the respondents have their realtor offer guidance in the selling process.
  • 73% of respondents have them organize and submit paperwork.
  • 71% turn to real estate agents for help in finding interested buyers.
  • 70% rely on real estate agents to manage contract negotiations.

Why do FSBOs eventually enlist agents?

Half of those who try FSBO eventually hire a real estate agent in Myrtle Beach. These are the top three reasons they made the switch.

  • Selling is easier when you have an agent.
  • Selling FSBO takes too much time.
  • They needed assistance with paperwork.

Before you decide to take the FSBO route, here are some things to consider:

1. How much time do I have?

At least one activity related to your home’s sale should be planned when it is put up for sale. You might be collecting paperwork for pre-listing, hiring a photographer the next day, or hosting an open house on weekends. You will be available anytime to answer questions and schedule tours round the clock.

2. Are you familiar with the local market?

It is easier to FSBO in a seller’s market because homes sell more quickly and at a higher price than the asking price. There are also fewer price reductions. It can be more difficult to sell in a buyers market. This is because it takes longer to get a great offer and there are many listings that have a professional agent who handles the marketing for the entire listing period.

3. What price can I set for my house to sell?

It is crucial to correctly price your home. This can be difficult. To set a fair listing price, you will need to learn (or practice) how to run comparables. Your listing could become stale if you exaggerate the value of your home. In this case, you might have to lower the price. You could lose money if you underprice your house.

4. Can I get rid of my emotions?

While your home is likely very important to you, it’s also important to remember that you are acting as an agent and must be objective about negotiations, offers, as well as buyer feedback.

5. Are I willing to pay a buyer’s agent?

Selling alone is a popular choice because it saves you commission fees. Even if you are able to avoid paying 2.5% to 3.3% commission to your agent, your buyer’s agent will likely still charge 2.5%–3% of the sales price — unless the buyer uses an agent. So be prepared to pay their commission.

6. How can I get my house marketed for maximum exposure?

First, find an agent to sell your house. Agents spend a lot of time marketing early in the selling process. You may need to hire an agent to help you sell your home. A professional photo, 3D tour, and captivating description are all necessary when listing your home.

7. Are you familiar with the laws of the state?

Real estate is a highly regulated business. This is why you should hire a real estate attorney if your property is being sold FSBO. You will need to know about fair housing laws, closing requirements, disclosure laws, and paperwork.

8. What happens if my house doesn’t sell at all?

You should be able to pivot to a different plan if your home does not sell in a reasonable time. It’s no surprise that 83% of home sellers use an agent to sell their homes. Selling a house is difficult work. The costs of a listing agent’s fee may outweigh the lower sale price for your home if it sits on the market too long.

Options selling with non-traditional commission

Here are some alternatives to FSBO if you are hesitant about selling traditionally because of the high costs.

Negotiate the commission

If you are willing to do some of the listing-related tasks yourself, sometimes agents will offer lower commissions. If you are both selling and buying with the agent, they may be more inclined to negotiate a lower commission. Nearly half (46%) of sellers negotiate with their agent. Just over half (55%) of sellers are successful in some manner. 61% of sellers who were buying simultaneously with their agents changed some or all of their terms. This is higher than the 45% of those selling only.

Hire a broker

You could instead of hiring a full service agent, consider a discount broker. A discount broker will usually offer limited services in return for a lower rate.

You can, for a few hundred bucks, have your house listed on the local MLS. The agent will do all the work. An agent might be willing to charge a reduced rate for a shorter list of services. Make sure that your listing agreement clearly states what your agent will be responsible for and who you will be responsible for.

Like our Facebook page for more great info about real estate agents in Myrtle Beach.

Call Full Potential Real Estate, LLC now if you need help in selling your home. Our team is always ready to help.

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

Real estate agent

Real Estate Agents: Tips To Find Your Dream Home

First-time homeowners have lots of questions, one can understand being worried about spending a lifetime paying for and maintaining a house. There are several factors why someone would want to buy a house. It may be for the family or preparing to have a family of your own. Whatever the reason for getting that dream home, first-time home buyers will always have many questions. In this article, real estate agents share tips on how to get that dream home.

Home Buying Tips From  Real Estate Agents

1. Inspect Your Credit Score as well as your Financial Situation

Your credit rating will certainly be a significant factor in getting approved for a home loan. Your credit history will offer information to future loan providers regarding your credit reliability. This informs them exactly how good you are at paying your debts and other bills.

As soon as you have examined your credit rating and are pleased with the requirements of financing firms, the next point comes to examine your economic situation. Figure out what are your existing possessions vs. your present financial debt. Are you ready to keep a big part of your salary for home loan payments without compromising other payables and desires? It is suggested to maintain 4-6 months of home payments, taxes and insurance prior to looking for a dream home.

2. Find a  Reliable Real-Estate Agent

What exactly does a real estate agent in Myrtle Beach do? A real estate agent has all the access to homes for sale and has the ability to recognize a good house offered in a great location. To get the best real estate agent, be sure to get a list and pick at least three from that list. Then schedule an interview to address all your concerns. Be honest and let them know about your financial plans and what type of house you really need. Choose the agent with whom you are the most comfortable.

3. Find out where to obtain a home mortgage or where to make an application for funding.

You can obtain financing from home mortgage brokers, home mortgage financial institutions or business financial institutions. The crucial points to see are paper records, the conditions, the price lock duration, any type of factors being related to your finance and what sort of charges are included in your financings. No matter which alternative you choose for the loan, ultimately you need to pick what lending terms fit you. It is important that you know your paying capabilities and financial situation before applying for a loan.

4. Find the house you want.

Well, we have looked after the first requirement regarding purchasing a home and found a real estate agent and lending institution. The next step is to find the house you want.

5. Purchasing an all-new residence.

Are you going to look for a new house? Some people do not like to inherit other people’s preferences and tastes in home design. The best thing to do is to check for new homes in your preferred location and look for the floor plans you like. When you have decided, try to find a realtor who will represent you in purchasing a new residential or commercial property. Do not utilize contractors brokers, they are paid to benefit the building contractor. Their commitment will be in the direction of the contractor after that you.

Several of the important things you wish to inspect throughout acquiring a brand-new house.

  • Do not make use of Builders broker as your real estate representative.
  • Do not utilize contractors loan provider for getting a loan.
  • Inspect upgrade rates prior to you authorizing the papers.
  • Examine guarantee duration and also what all is covered under service warranty.
  • check building contractors’ previous efficiency.
  • Obtain home inspection done, even if the house is new.

Click here for what not to do when looking for a real estate agent.

Call Full Potential Real Estate if you want to work only with the best, trustworthy, and experienced real estate agent in Myrtle Beach.

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

Real estate agent

Questions To Ask Before Buying A Home In A Hurricane Prone Area

Many homebuyers are drawn to the distinctive culture possessed by beach towns. But what if the beach town where you are considering buying a home you like is also in a hurricane zone? Your home will definitely be at higher risk of getting seriously damaged. So how will you know if the property that’s located in a hurricane zone, is worth buying? Here are a few questions that you need to ask yourself and your real estate agent.

Questions You and Your Real Estate Agent Should Answer Before Buying A Home

How much will you pay for insurance?

Whether a hurricane hits or not, you have to pay for insurance. Insurance rates run the gamut. According to the numbers provided by the Insurance Information Institute,  Idaho once had the lowest premiums at $528 while Florida had the highest at about $2,084 per year. What does this mean? Before you begin searching for a house, talk to an insurance agent first. Although it may seem as if you are doing this backward, meeting with an insurance agent will give you an estimate of the insurance cost you need to cover every year.

Should I Buy A Property On The Beach Or A Few Blocks Away?

beach propertyThe location of the property that you wish to purchase will have a significant impact on your risk and premiums, even if you go with a house that is located just a couple of miles inland. It will all be based on the flood hazard locations defined by the National Flood Insurance Program’s Flood Insurance Rate Map. The spots that were considered as Special Flood Hazard Areas are places with the highest risk. They have a minimum of 1 out of 4 chance of flooding throughout a 30-year mortgage.

Keep in mind that you do not need to be close to the water to be considered in a flood hazard area, like the communities near the intracoastal waterway or Waccamaw river. So if you are house hunting together with your real estate agent in Myrtle Beach, you need to take into account where each property falls on the map and their flood zone designation.

What Kind Of House Should You Buy?

According to the experts from Full Potential Real Estate, the house type you wish to purchase will also make a big difference since there are a few homes that were made to specifically stand up against hurricanes. Some of these houses are dome-shaped, which lessens the wind damage, while a few are built on stilts to lower risks of flooding. These houses might also obtain a much better rating from your chosen insurance company.

Don’t forget to ask your realtor to show you all the houses that were designed to withstand wind and water or if you prefer a conventional home, be sure to hire a reputable home inspector who can help set realistic expectations regarding the home’s capability to withstand a hurricane before you make an offer.

You may have lower insurance costs if the house you wish to purchase was built to code and can stand up against any hurricane or storm. In case the house is not up to code, you need to work with a contractor who can make improvements on the property. However, don’t forget to calculate the costs before you make any commitment. In case the insurance savings are not bigger compared to the cost to remodel, then the house may not be worth it.

If Damages Do Happen, What Will Be My Deductible?

Regardless of where you live, your homeowner’s policy will cover hurricanes. However, these policies are different depending on your financial responsibility in case you need to file a claim that is hurricane-related. Although you might not be able to get yourself out of a hurricane deductible, you can still manage to cut costs by shopping around. Insurance companies offer different costs so be sure to obtain a minimum of three estimates before you finally choose a carrier.

Should I Also Have Flood Insurance?

You need more than a regular homeowner’s insurance if you live in a coastal region. Generally speaking, damages associated with high powered winds of tropical storms and hurricanes are covered by homeowners insurance . However, it does not include one major problem, flooding. You need to keep yourself protected by getting a flood policy. It will be issued by the National Flood Insurance Program. The policy will cover property damages if the  heavy rains have caused flooding to your house. Ask the insurance agent to explain everything about your insurance in detail. Be sure to ask questions if there is anything that you do not understand. If you don’t want to have any regrets, be sure to get flood insurance.

Call Full Potential Real Estate, LLC if you want to know more about homes located in oceanfront areas. 

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

real estate agent

PRACTICAL HOME BUYERS GUIDE TO BUYING REAL ESTATE

As a home buyer are trying to find ideas regarding acquiring property and wish that you can quickly comprehend it. Below is a guide that will help you get through real estate buying in an easy to understand language. Don’t hesitate to hire a real estate agent to help you.

Home Buyer’s Guide to Real Estate Buying

  • Do not hesitate to ask a seller for economic motivations when making a deal.  Even in today’s sellers market, some may cover a few of the closing costs or repairs to the home. Keep in mind, including monetary motivations in offers will often make sellers less happy to work out the asking price.
  • There are still some 100% funding readily available if you fulfill particular certifications. One program is the USDA Home Loan Program which is primarily for country real estate. Another is the HUD $100 Down Payment Program where you can purchase HUD residences for just $100 down as well as you can additionally ask for HUD to compensate to 3% of the acquisition rate for your closing prices.
  • If you have made an offer to a seller but they did not approve it, do not give up yet. These sellers will likely find a way to find an approach to make the acquisition budget-friendly for you. The seller could look after a part of your closing expenses, or make a few other enhancements to your home for you.
  • Prevent paying additional for a home just because it is gorgeous. Despite the fact that you could value the sight, in the long-term, prospective purchasers might not. If you wish to acquire your home because of its features, that is great; nevertheless, do not pay more as a result of it.
  • As a home buyer avoid a residence situated right beside a hectic roadway. These houses have a tendency to be less costly than those in the center for a reason. You will ultimately need to market the residence at a lower rate.
  • Obtain as much information concerning prospective rental properties as much as you can. Do not buy any type of property unless you have reviewed all its documents. You require documents from 2 or even more years earlier, in addition to even more present documents to make sure that you understand everything regarding the financial investment to make an excellent choice. You need to see to it the seller is giving extensive and right details regarding the possible income generation of the home.
  • Consider the future when looking for a house. While you may not have kids yet, you might desire some in the future. You need to still look at schools in the location to make sure they are satisfactory.
  • If you are seeking to acquire property as something to spend your money on, you need to ask assistance from a broker or from a licensed real estate agent, just like those in Full Potential Real Estate, LLC. They have the ability to gain access to sources that you can not. Many brokers have valuable tools such as specialized software program that can browse and arrange MLS listings (Multiple Listing Service Listings). While the MLS comes to you too, search engines make it easier for representatives to assist you and determine excellent residential properties.

We hope that you learned something about home buying and likewise have the ability to efficiently use it. Follow the recommendations of a professional real estate agent in Myrtle Beach and you will certainly be doing better at being a professional on this topic.

Ask help from our licensed real estate agents at Full Potential Real Estate, LLC.

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

TIPS FOR GETTING A HOME READY TO SELL

selling a homeIf you are planning to sell your Myrtle Beach home it is important to understand that this whole process is both overwhelming and stressful in order to get the best price from it possible. There are a number of important real estate selling tips you should learn when it comes to selling a home fast. Below are some of the important tips you should consider so you can the best price when selling a home:

Preparation Tips Before Selling A Home

Taking an Objective Look at Your Home

After living in a certain place for a long time (like your home), it is human nature to overlook the small things that could hurt its resale value. For this reason it is wise and important to ensure that you take an objective look at your home before placing it in the market. You should think just like a potential buyer and identify all the turn-offs, and look for a way to negate them.

Improving Your Home’s Curb Appeal

Statistics in the real estate industry have shown that most potential property buyers make up their minds about viewing the inside of a house within the first 10 seconds of looking at its curb appeal. This is one area that is very important to take care of as you make the preparations when it comes to selling a home in Myrtle Beach.

It should be very attractive and breathtaking in order to attract more visitors to your property and also arouse their interest to enter and view it well inside. A professional realtor in Myrtle Beach said that a great curb appeal is quite a strong point that attracts buyers as it reflects the degree of care and maintenance according to the other parts of the house.

Making the Home Stand Out

When buyers are looking to buy a home, they normally view a number of properties before making their final decision. In order to close the deal, you have to make sure that your house stands out. It is important to make sure that the buyers can connect with your home and visualize it as their own. In order to achieve this feat, you should ensure that you “depersonalize” your home.

This will be achieved by ensuring that you put away all your personal belongings and photos. This makes your home neutral and it will be easier for prospective homebuyers to visualize themselves in the home with nothing detracting them.

Pricing Your Home Right

Apart from doing the basics like cleaning the house thoroughly, repainting it, de-cluttering and fixing all the broken parts when preparing to sell your home, setting the price right is also very important.  You may want to consider hiring a handyman to repair dripping faucets, clean up the yard and do a thorough inspection of your home. You should carry out research on your competition as well as the market in order to set your price well. Use the home search function on our website to conduct your research.

You can take the risk and slash the price of your home by about 15 – 20% off the prevailing market prices.  This is a huge risk but it may bring a lot of buyers to your home and force bidding that will fetch more than the set price and maybe over what it is worth. This is a great strategy for selling your home in the prevailing market today.

All the above are the important real estate selling tips that you ought to follow when getting your home ready for sale. However, the best tip is to call your local real estate agent in Myrtle Beach for their advice on selling a home in Myrtle Beach.

Cheryl Woodward with Full Potential Real Estate knows the area and can ensure your home is priced right. Call today for a no-obligation consultation.

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

SIGNS YOU’RE HIRING THE WRONG REAL ESTATE AGENT

real estate agentSo, you are in the market for a real estate agent and are looking at many potential candidates, you have finally made a decision. But how would you know if you’re hiring the right one? Are there any telltale signs that you have chosen the wrong person?

Selecting the right Myrtle Beach Real Estate Agent

They Make Bad First Impressions

First impressions are always important when it comes to real estate agents. If the agent does not take your call the first time you try to reach out to them, then you have to consider that as a red flag. That is a sign that they are unreliable. In today’s sellers market, buying a home is a time-sensitive situation and you want your real estate agent to be there when you need them. Trust your gut! If it doesn’t feel right, move on.

They Don’t Get To Know You

Your real estate agent in Myrtle Beach should know who you are in general and what your interests are if they want to find a house that you will like.  Are they listening to your needs? The real estate agent should be fully invested in the buying or selling experience of their client. If he or she does not want to know more about you and your interests then you should move on and find another agent to work with.

They Don’t Listen

If your agent’s focus of the conversation is not based on what you want or what you need but on his or her past experiences or something completely unrelated, then you are clearly working with the wrong real estate agent. A good agent will focus on nothing else but you.

They Don’t Think Outside The Box

Your agent must also be creative. It wouldn’t hurt if they think outside the box regardless of whether their client is a buyer or a seller. The agent must know when to waive contingencies or lower the purchase price.

They Are Inexperienced In Your Price Range

If you want to buy a house worth millions, it is not advisable to work with a real estate agent who is experienced at selling $200,000 only. The real estate agent you choose should be experienced at the selling or buying a home in your price range.

They Are Unresponsive

Does your real estate agent keep missing your calls? If so, then you need to find another agent. You need to work with someone who is responsive to all forms of communication like text, email, or phone. Great houses tend to go quickly in hot markets and if there is a property that you want to see, then you need to have a Myrtle Beach realtor who can be contacted at all times.

They Are Not Proactive

Even if this is not your first time to sell or buy a home, your real estate agent must be proactive in making sure that you are on course. He or she must make sure that you never miss out on any buying or selling opportunities. Your agent must always be prepared and diligent in making sure that your financing has been preapproved and you have a home inspector on standby.

Call Full Potential Real Estate if you are looking for a reliable real estate agent who can help you buy or sell a home.

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

How To Find The Right Real Estate Agent For You

real estate agent in Myrtle BeachA professional real estate agent can help you make informed decisions and avoid costly mistakes when selling or buying a house.

Not every agent is right for you. This article will help you choose the right one for your needs.

Real estate agent basics

It’s important to understand what you can expect from a Myrtle Beach realtor before you begin looking.

What is a real estate agent?

Agents can help homeowners buy or sell their homes. Agents inform their clients about the current market, guide them through every step, and refer to other professionals such as real estate lawyers and home inspectors. The title of the agent will vary depending on who they are representing in a real estate transaction.

Buyer’s agents help buyers shop for homes on the market, negotiate with sellers and make offers.

A listing agent assists sellers in pricing, marketing and selling their homes and negotiating with buyers.

Sometimes, agents can represent both parties in a transaction. However, it is best to have an agent who represents you only.

Realtor vs. real estate agent

Real estate agents are not all Realtors. Realtors are licensed agents that are members of The National Association of Realtors. All members agree to adhere to the standards and code of ethics of the association.

Real estate agents must be licensed in their state and adhere to all laws. Agents must complete coursework and pass an exam to be licensed. To find out if an agent is licensed, check with your state’s website for the real estate commission.

There is a difference between a broker and a real agent

Real estate brokers have completed additional training in order to obtain a license as real estate brokers. To become licensed, brokers must pass an exam and complete the required coursework in their state. Brokers can supervise other agents or work independently.

How to interview and find real estate agents

Ask friends and colleagues to help you find potential agents. Check out the websites and online profiles of a potential real estate agent in Myrtle Beach to learn more about their experience and specialties, as well as customer reviews.

Real estate agents should be able to answer questions for buyers and sellers.

These are the most important things to know, regardless of whether you’re selling or buying a house.

Can the agent represent me?

It is easy to assume that any real estate agent will only represent your interests. In some cases, however, real estate agents don’t have to represent only the buyer or seller in a transaction. A “dual agent” can represent both the buyer and the seller in a transaction. A “transactional agent”, however, works with both parties but is not liable for any fiduciary duties.

It is important to understand the role of your agent when they work with you. The Consumer Federation of America advises that you ask prospective agents whether they will represent your interests throughout the process and to request a written agreement detailing the relationship.

What training and experience does the agent have.

What training and recognition has the agent received? How long have they been working with clients? You want an agent who has a track record of helping clients like you.

Can the assistant or agent work with me?

Sometimes agents have assistants who work for them as part of a team. Do you prefer to work with the assistants or the agent? A team that works well can meet your needs, but you need to have sufficient access to the agent.

What is the salary of an agent?

The seller usually pays the commission. However, the listing agent splits the commission with the buyer’s agent. The typical real estate commission is between 5% and 6% of the sale price.

According to the Consumer Federation of America, you might be able to negotiate a lower rate as the seller, especially for high-priced properties. You can request a rebate from the buyer agent for a portion of your commission.

Although agents may not be open to discussing commissions, it is worth asking.

Are their recent clients happy?

Ask for references and speak to past clients who have worked with the agent over the last year. Are they happy with the work of the agent? What went well and what didn’t? What was the agent’s approach to dealing with difficult situations? Talking to clients in the past will help you determine if they are a good fit.

buying a homeBuyer tips for finding a good real estate agent

These are some things you should consider when looking for an agent to help with your home purchase.

  • What are the challenges I will face as a buyer today? Good agents will help you set realistic expectations and explain the availability of homes for sale as well as the competition that other buyers face.
  • What will you do to help me find homes that are within my price range? Ask for examples of the recent work done by the agent to help buyers like you. This will help you get a feel for how the agent will handle your needs.
  • How can you help me negotiate with sellers and make competitive offers? Find an agent who can help you stick to your goals and budget.

Tips for finding a good real estate agent

These are some things you should consider when selecting an agent to help sell your home.

What are the similar listings in my neighborhood? A comparative market analysis should be done by an agent, which will show you similar homes that have been sold within the past six months.

How much do you think my house is worth? A real estate agent will not recommend the highest price. Look for an agent with market knowledge to back up your recommendation.

What can I do to make my home more appealing? Depending on where you live, your local market may dictate what repairs are necessary to sell your house. You can get solid advice about the needs of your home and the return on investment by listening to this podcast.

How do you market my house? Agents will suggest that you list your home on the Multiple Listing Service or real estate websites such as Zillow. Find out more about the other promotional tools that agents will use such as video tours, photos, and advertising. The market will determine the amount of marketing needed to sell a house. If there are more homes than buyers, less marketing might be necessary.

How to select a real estate agent

Compare the experience and methods of agents, as well their ability to build rapport. Are you able to work with this person? Select a competent agent whose work style matches yours.

Cheryl Woodward is both a licensed real estate agent and a broker and is here to help you list your home or find your dream home. Call her today to discuss your ideas. You will be glad you did.

Call Full Potential Real Estate, LLC now if you need the help of a real estate agent.

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

What Are Home Buyers Looking For In A Home?

buyers agentToday’s home buyers know exactly what they want, from tiny homes to modern and smart homes.  Home buyers are more conscious of the environment today, especially in areas where power efficiency and storage are important. Talking to a Myrtle Beach Real Estate Agent is a good idea. They can find you exactly what you are looking for.

Are you the same when it comes to home-buying?

According to a survey by the National Association of Home Builders, energy-efficient houses were voted the best by home buyers. Ninety-four per cent of respondents stated that they wanted energy Star-rated devices. At least 91 percent said that the whole house should be energy efficient. On the other side, 89 percent preferred home windows to be efficient and 88 percent were happy with ceiling fans.

 

Preferences of the Home Buyer

Every home buyer is different and each one has their own set of requirements. Buyer agents in Myrtle Beach might be interested in this. Here are some demands for today’s home buyers.

 

Cost Savings VS. Energy Efficiency

Eco-friendly homes are a top choice for today’s home buyers. It’s all about cost efficiency. The more efficient a home is, the less they pay for electric bills. According to the NAHB survey, 67 percent said they were concerned about the home’s effect on the environment, but would not pay more. However, 73% agreed that future energy costs would affect their decision to buy a home. Home buyers are more likely to spend $1,000 less on a home that will save them energy costs.

 

Huge Closets VS Storage Rooms

What is more important when it comes to storage than big storage spaces like closets, or an extra room for storage? It is important to have enough storage space to store everything. The survey revealed that 93 percent of respondents wanted a utility area, while 90 percent only desired extra storage for their bed linens. Other home buyers preferred a walk-in pantry in the kitchen. 57% of home buyers who wanted a utility room felt it was essential and would not consider buying a home without one.

Today’s home buyers are looking for bigger garages that can hold 2-3 additional cars. The garage space is being used by home buyers not only for their vehicles but also as storage space. Around thirty-two per cent consider the garage storage area an essential space in their home.

 

Living Room VS Kitchen & Dining Room

According to the study, home buyers want to see more houses that make the dining and kitchen area the focal point of the house. Today’s home buyers are passionate about entertaining their family and friends by cooking and dining at their homes. Buyers today are looking for open layouts that allow the kitchen to be connected to the dining area and the living room.

No matter what your home preferences are, Full Potential Real Estate can find the right home for you and your family.

 

Full Potential Real Estate, LLC

Myrtle Beach, SC 29577

843-492-4537

http://fullpotentialrealestate.com

real estate

Real Estate: What To Expect In 2020

How is the real estate going to fare this 2020? Are there going to be enough tailwinds to drive the market up or will there be a lot of headwinds ahead? The picture for this year’s real estate market is still in murky water at this point as we tread the first few steps of 2020. On the other hand, there are some signs that are pointing towards certain directions. Although nothing is conclusive at the moment, it’s exciting to try and predict what this year holds for real estate in general. Here are some insights from last year that will possibly have impacts in this year’s market:

Not sure about the market? Get in touch with your real estate agent today!

Buying – at the beginning of 2019, interest rates were on a high. This basically led homebuyers to shy away from what would be non-affordable deals. On the other hand, mortgage lenders this as a major headwind on the number of potential buyers. This is the reason why they were decided to lower interest rates to as low as below 4% on 30-year, fixed-rate mortgages.

Despite this, a lot of homebuyers are still not so certain about buying a house in 2019. A lot of people are waiting on how the economy is going to play out. However, there are still those who are taking advantage of the current low rates with the idea in mind that the economy will hold its own weight.

As far as prices go, the areas that are going to see the most price increase are those that have fast-growing populations. These areas include metro areas and cities including the following, Charlotte, South Carolina, North Carolina, Charleston, Richmond, and Virginia. Basically, the influx of new residents is what fuels the prices. You might want to get in touch with your real estate agent in Myrtle Beach if you want to get the best deals early this year.

Selling – while interest rates continue to hover on the low side, sellers will continue to benefit. Home prices are also expected to trend upward but only ever so slightly. We won’t be seeing any major price spikes this year. With that in mind, it’s best to get your property out in the market as early as possible this year. Ask your real estate agent for more information. As interest rates remain low, buyers will continue to hunt for homes. However, wait long enough and you might find fewer buyers as prices increase.

While it’s really too early to tell at this point, there are some signs that indicate the trend for this year. If you’re planning to either buy or sell a home, it is best to hire a realtor that knows your target area like the back of their hand. A realtor company like Full Potential Real Estate, LLC can help you figure out whether it’s time to buy or not, or perhaps when it’s the right moment to list your house on the market.

Call Full Potential Real Estate if you want to work only with the best, trustworthy, and experienced real estate agent in Myrtle Beach.

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

real estate

Information On Closing Costs For Your Real Estate Transaction

Regardless if you’re buying or selling a home, closing costs will always be part of the real estate deal. It is will depend, however, on how you handle the situation. There are instances where the buyer shoulders the closing costs or the other way around. What’s constant though is that you would need the assistance of a real estate agent to sort out all the details regarding the transaction. The closing costs vary per state. There are different costs associated due to laws and practices in certain regions. Now, if you’re not familiar with all of these, it’s suggested to have a word with our realtor or you could read through some of the details as follows:

In real estate transactions, it’s always best to get the opinion or a realtor

Transfer tax – this is often referred to as real estate transfer tax or deed transfer tax. This tax is basically for the transfer of ownership of the property. The buyer or the sell could pay for this tax. It highly depends on the outcome of the negotiation who ends up paying for this tax.

Recording fee – this fee could either be imposed by the local government or state. This fee is required for the processing of the deed and putting it in public records. Again, this fee can either be paid by the seller or buyer. It is determined by the outcome of the negotiations between the seller, the buyer, and the real estate agent.

Title search and insurance – having title insurance protects you from future claims to the property. Basically, certain property is open for any claims unless there is title insurance in place. Getting this means having to pay for a title search. This is normally shouldered by the buyer.

Settlement fee – depending on your choice, a certain entity will take care of the transfer of funds. This process will require a fee and can be shouldered by either the buyer or seller. However, the decision entirely depends on the negotiation.

Loan application fee – this is a small fee that lenders impose on the buyer to ensure that they are indeed serious with the loan. This is to be shouldered by the buyer.

Loan origination fee – when taking up a loan, you go through several checks. This includes credit checks and similar processes. The buyer will need to pay for a loan origination fee.

Points – paying in points is basically an add-on to the overall closing fees to reduce the interest rate for the loan. This is totally optional for the buyer. It could lower the interest rate but you will pay more during the time of closing. You can discuss this matter with your real estate agent in Myrtle Beach to get more information.

Home inspection – before a deal could be reached and closed, a proper home inspection is made. This will determine the overall quality of the house. This fee will be shouldered by the buyer and would vary depending on how big the house is.

Appraisal – before a final price could be handed out, an appraisal first needs to be made. This is to be shouldered by the buyer. The lender would normally give out referrals but you could also find your own appraisal company.

Survey – a survey is basically the process where the actual size of the property is measured. This includes determining the start and endpoint of the property. The fees will be shouldered by the buyer.

Homeowner’s association fee – if you are buying a property that is being handled by a homeowner’s association, you may be required to join and pay fees. This is on top of other monthly or annual dues.

Existing liens – when a lien is found within the title search, the seller must first settle these issues before ownership could be transferred to the buyer of the property.

Real estate brokerage commissions – your realtor will undoubtedly get a portion of the sale as their commission. The amount of commission will depend on how much they have agreed upon with the seller of the property. Realtors like Full Potential Real Estate, LLC will ask for certain percentages of the total sale as their commission.

Attorney’s fees – in some states in the U.S. attorneys oversee the appraisal, title search, and other assessments. Basically, the buyer and the seller will both pay their respective attorneys for fees.

Mortgage payoff penalty – any penalties from an existing mortgage must be paid off by the seller before closing a deal. The seller must take this action before proceeding to any other parts of the deal.

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
843-492-4537
http://fullpotentialrealestate.com

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