Tag Archives: Real Estate Agent Myrtle Beach

real estate agent

FINDING A RELIABLE REAL ESTATE AGENT

When it comes to taking care of your house, hiring an expert like a real estate agent to help you with the electrical, plumbing, or basic maintenance aspects can mean the difference between making a costly mistake or a successful job. This also holds true when it concerns buying or selling a house. The steps involved in the real estate process change as time goes by.

Therefore, you may have someone like a real estate agent in Myrtle Beach on your side who is knowledgeable about the basics and more complex aspects and can make sure that you get the best deal available.

You can buy a home without the help of a real estate agent or sell your home on the market for sale by the owner. However, if don’t know much about the buying or selling process, you might forget about important steps.  You may not meet the deadline for due diligence when you are under contract, which will require you to go over things and take more of your precious time. You may also find that you are not on an even playing field when you are negotiating a deal, which will cause you to make less money in a sale or pay more for a purchase.

However, not every realtor is the right fit for you. There are things you need to know when you are looking for a top real estate agent, interviewing potential agents, and knowing what kind of services you can get as you move toward a transaction that is successful.

Finding The Right Real Estate Agent

  • Find an expert like Full Potential Real Estate, LLC during the early stages if you think you require more guidance.
  • Ask people you know and trust for recommendations.
  • Check online reviews and take note of names that you see on signs in your neighbourhood.
  • Interview several agents so you can find the best one.
  • Talk about expectations for time management and communication.
  • Talk about commissions and extra cost expectations.

When Should You Look For A Real Estate Agent?

If you are a first-time homebuyer, a real estate agent can help you in assessing various mortgage programs. You may use his or her expertise to address your financial concerns and requirements before you try to get a preapproval loan. Your real estate agent can use their in-depth knowledge to narrow down your search for the best homes that fit your budget and other things that can help you as you move towards owning a home.

If you are selling a home, hiring the help of a real estate agent sooner instead of later lowers your chances of taking unnecessary steps when you are preparing your home for the market. When conducting initial interviews, your real estate agent will tour your home and let you know which updates, renovations, and repairs, can help you get the best deal for your property.

By completing all the needed repairs, having a serious conversation about the real worth of your property can help you avoid overpricing your house. This is important because overpricing your home can leave it sitting in the market for a long time. Be sure to find an agent who wants to have an honest conversation right from the very beginning because this can help you have a successful sale.

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

Like our Facebook page for more great info about selling or buying a home.

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

 

sell your home

Should You Sell Your Home Now or Wait?

Moving is a major decision. You will need to make a hard decision about whether you want to sell your home immediately or wait. You may be particularly curious about 2022’s 5% and 8% mortgage rates.

While this year is generally considered a good time to sell a home in the U.S., it doesn’t mean that you should panic sell. Let’s look at the current housing market to see what your next steps should be.

It’s still a great time to sell your home in 2022 because:

  • The country is a seller’s marketplace in large parts.
  • Homes are selling quickly despite a low supply.
  • The home prices are on the rise, which is a boom for equity.
  • Cash offers are plentiful.

Sell now if:

  • You are selling a second or inherited property.
  • Cash can be used to purchase your next home.
  • Your current home is uncomfortable.
  • You could do with some renovations to your house.

Wait if:

  • You are happy “chilling” wherever you are.
  • Recently, you refinanced your house.
  • Current housing prices are prohibitive.
  • You don’t have much equity.
  • Capital gains taxes would be imposed on you.
  • You’re not mentally ready to sell.

Favorable selling scenarios

After you’ve reviewed the market’s current state, it’s time to apply that knowledge to your personal situation and needs. These are some situations that could make selling attractive.

You are selling a second or inherited property.

This is the best time to sell a house if you aren’t trying to buy a house. Perhaps you are motivated to sell your rental property or a home you inherited from another state. Your property will likely get lots of attention because there are so few listings. To get your property on the market, connect with a top agent.

Cash can be used to purchase your next home.

Let’s suppose you are moving from one place to another. You can use the proceeds of your sale to buy a property in a more affordable market. Cash is a great option because you don’t have to worry about paying your mortgage rate. You can also take advantage of the high prices and rapid pace of the market.

Your current home is uncomfortable.

People sell their homes primarily for personal reasons. They are moving to be near family and friends. They found a job that allows them remote work. They are expecting a baby, and they have one less bedroom. You shouldn’t let your home get in the way. Sometimes selling is the best choice for you and the family.

You could do with some renovations to your house.

The high competition and the influx of cash buyers make it a good time to sell your house for a premium.

Negotiation leverage is one of the advantages of being in a seller’s marketplace. When there are multiple buyers for your home you might not have to agree to the same level or repair work as you would in a more balanced market.

You can request a cash offer if your home is in need of more than just a cosmetic makeover to sell. Investors are encouraged to increase their inventory.

How to Sell Your Home in 2022

Here are some tips to help you navigate the market and ensure a smooth transaction if you have decided to sell your home in Myrtle Beach now.

Deep clean and purge.

Home-selling 101 is not just for sellers. Spend a few weekends getting organized. Clear out personal photos and remove clutter from floors and surfaces. If you aren’t able to clean the house yourself, hire a professional cleaning service. If your home is full of items you don’t want to take, you can rent a dumpster.

It is important to price it correctly

There is one risk when a hot market for real estate is that your price range will be exceeded. Your real estate agent will perform a comparative marketplace analysis (CMA), which analyzes local comparable sales, or “comps” to determine your home’s value. It is important to adjust dollar values based on the features that increase or decrease value. Poor construction quality, a poor location and a general lack of upgrades are all factors that can affect the home’s appraised value. These issues can affect the value of your home, so be sure to acknowledge them and give credit where it is due.

You should work with a highly-performing agent.

A seller should look for the top 1% and not just go with a friend. A local expert with excellent reviews is essential. Interview at least two to three real estate agents. Ask for a list of properties that they have sold over the past 60 months. Also, inquire about their network connections.

Set up a home office.

About 25% of all professional jobs by 2023 will be remotely based. Today’s buyers are searching for homes that have an office or multiple offices. A bonus room, bedroom or an area of the basement can be staged as a workspace that supports working remotely. If you don’t have an office, keep it simple with a desk, chair and lamp.

Increase curb appeal

Top real estate agents in Myrtle Beach recommend that homeowners make an average investment of $3,467 to improve curb appeal before listing their property. It can be anything from simple lawn care and new mulch to new walkways and exterior paint and upgraded garage doors and front doors. A home with a better curb appeal will attract more people to it in a shorter time period. It also has a higher estimated resale price of nearly $12,000

Prioritize repairs over renovations.

Before you renovate a bathroom that is outdated but still functional, consider repairing the roof.

Like our Facebook page for more great info about buying or selling a home.

Call Full Potential Real Estate, LLC now if you’re looking for a real estate agent who can help sell your home.

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

real estate agent

Do You Need A Real Estate Agent When Buying A Home?

Many people don’t hire a real estate agent when they purchase a home. In fact, many homebuyers cut out the middleman. But, it might be a good idea to hire one. Here’s why:

To save time. Real estate agents can help you find residential properties within your budget and they generally have access to other available properties that you can’t see online.

To obtain information and assist with negotiations. Agents should be able to provide you with a wealth of information that will help you make an informed decision. They’ll also handle complex paperwork for you.

Buyers are often offered the services of a real estate agent at no cost. The seller usually pays the fees for both the seller’s and buyer’s agent.

The exception

Only one situation is where you need to use an agent in order to purchase property. This applies to FHA foreclosure properties. All bidders must use licensed agents according to the Department of Housing and Urban Development.

Are you really able to understand your market?

It can be quite a job to conduct a home search on your own.

Although the Internet makes it easy for you to find homes within your budget, an agent will usually have access to more properties. This includes homes that are not yet listed and properties that are For Sale By Owner (FSBO).

Some sellers may not want to sell their homes. Agents and their colleagues working with these sellers are the only ones to know about “pocket listings”.

Do you love paperwork?

Your agent can also handle tons of the paperwork for you.

If you don’t love filling out forms and are not experienced in real estate transactions, this is something you should leave to professionals who will ensure everything goes according to plan.

These documents could be misinterpreted. You could make a mistake and cause a contract to be invalidated. To limit the risk, a licensed real estate agent generally has errors & omissions insurance.

An experienced agent will ensure that all the necessary events — including extensions, counter-offers and inspections, walk-throughs, loan approval, and appraisals — take place when they are supposed to.

Are you a master at negotiating?

Good realtors should be able to provide you with the best possible sales and local data in order to negotiate the best deal.

An experienced pro will know what you can purchase in your local area for a reasonable price and what is a good deal. A pro knows how to make tempting offers, when it is time to be aggressive, and when it is time to walk away. This knowledge is particularly useful in areas where the home values of different blocks can vary greatly – or in seller’s markets.

According to the National Association of Realtors, most home buyers believe agents are worth their cost. About 87 per cent of home buyers bought their homes through a realtor. Around 99% of these buyers said that they would recommend the agent to others or use the same real estate agent in Myrtle Beach again.

If you are not an expert at negotiating real estate deals then follow the advice of your agent.

Remember that most sellers are represented by agents and that experienced negotiators often eat amateurs for lunch.

Your agent can help you avoid rookie mistakes, such as skipping the inspection or giving away your bargaining power by disclosing too many personal details.

Also, the seller usually pays the fees for the seller’s agent and buyer’s agent. There’s no reason to not interview other agents about representing your interests.

Avoid bad actors

Each industry has its fair share of high-quality pros, average talents, and poor eggs. The real estate industry is no exception.

Can you fire your real estate agent?

Although most agents will not pressure you to purchase properties, there are some who may pressure you to purchase homes that are less desirable.

Sometimes, an unscrupulous agent will try to sell a slow-moving house to make a quick buck. Sometimes, the seller promises a higher commission to the agent.

Dual agency: Conflict of Interest

However, the most common problem is when an agent (or agency), represents both the seller and buyer. This is called “dual agency”. Although it is not illegal in most states this practice isn’t ideal.

The agent’s task is to facilitate the transaction. There is no transaction where both the seller and buyer can be fully represented without conflict.

This is a fairly typical transaction, with one agent for each side. The sellers’ agent is aware that the listing agent represents them and is eager to get the house sold. The agent representing the buyers would have known this information and would have done the right thing to disclose it so that they could lower the price.

What if one person is the representative of everyone? The agent helps the buyer by disclosing information about the divorce. However, it is detrimental to the seller. The agent harms the buyer by not disclosing the information. It is impossible to work 100% in both the best interests of the parties.

Agents are more likely to favor the seller than they think, even if they’re doing it unconsciously. The seller typically pays their fee (6 percent of the sale price), and a higher price equals a greater commission.

Sometimes, the listing agent (seller) offers to pair you up with a buyer’s agent from the same office. It is possible to see buyers and listing agents working together as a “team”. This is probably not the best situation. Make sure you have a representative.

There are companies that represent only buyers. This is one way to avoid conflict.

What You Should Avoid Doing Online

The majority of people buy their homes online. You’ll likely see a house on a website that sells real estate. There will also be a link to “for more information.” If you don’t want agents who aren’t familiar with the property (but can buy leads from it), then don’t click the link.

You can contact the listing agent directly or have your Realtor handle it for you.

Find a great agent

Do your research before you hire a real estate agent. There are good chances that you know six agents at least and then about 20 others within your “friends of the friends” circle. While you don’t have to work alongside all of them, it is fair to give them the chance to earn your business.

What homebuyers today want from their real estate agent

It is important to note that although many people use the terms “realtor” and “agent” interchangeably, these are separate entities. Realtors are agents that are members of The National Association of Realtors. Agents are required to follow the rules of their governing body. However, they do not have to be members to work for the NAR.

Realtor is also pronounced “Realtor” and not “Real A-Tor”. You don’t want to sound silly.

You should find someone who is a specialist in your price range. The “agent to stars” won’t pay much attention if it’s a $90k fixer.

You will need to work with a full-time agent. You don’t want someone who works four days a a week and only sells houses on Wednesdays.

You should choose a pro. You don’t want your agent to make mistakes in a the field.

You can check their background online to ensure they are licensed.

You might need extra firepower if yours is a complex transaction. Some agents have additional training and earned extra designations for their special expertise, such as Accredited Buyers Rep, Certified Residential Specialist, or Certified International Property Specialist.

It is usually bad to hire a neighbor, friend, or relative as your agent. Mixing business with pleasure can cause problems in relationships.

Like our Facebook page for more great info about buying or selling a home.

Call Full Potential Real Estate, LLC now if you’re looking for a trusted and reliable real estate agent who can help in either purchasing or selling a property.

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

real estate agent

Why Choose A Real Estate Agent

Although it may sound amazing, you can save thousands of dollars selling your home yourself. This is also called “for sale by owner” (FSBO). A standard commission for a real estate agent is 5% to 6.5%. This works out to $12,500-$15,000 for a house worth $250,000.

It is possible to believe that the cost of acting as your seller’s representative is worthwhile. These are the reasons to think twice.

Why You Need A Real Estate Agent

A Realtor may not be able to show a property “For Sale By Owner”.

Agents for buyers know that there may be times when no one is available to assist with the FSBO transaction. Agents may discourage clients from making an offer even if they want to see the house. Agents will inform you about the risks and hassles of closing the sale without the assistance of an agent.

If your house is in good condition, a buyer’s agent may be able to assist you with selling it. The agreement that would detail the percentage of the seller’s fee and the agent’s fee would be signed by the realtor. A real estate agent in Myrtle Beach might charge a commission of 6% to the seller and buyer. You should negotiate a lower commission fee, between 2% to 3.3%.

The agreement should clearly state that the agent is working only for the buyer. It may also be stated that the agent works only for the buyer in the agreement.

Avoid emotional sales with agents

It can be difficult to sell your home. A professional real estate agent will help you stay on track. They can also help you avoid making silly mistakes such as overpricing your home, refusing to take a low offer because of anger, or succumbing under pressure to sell before the deadline.

If a buyer’s agent rejects your offer, you will need to deal with it. A buyer’s agent can help you deal with rejections and add positive spins to negative feedback.

Real Estate Is a Full-Time Job

Is it possible for you to rush to work every time someone calls to view your house? Is it possible to leave meetings each time a potential buyer calls you? Are you energized after a hard day at work? Are you an expert in marketing homes?

Do you know the process? These questions are most likely answered “no” by you. All of these questions will be answered by agents with a “yes” answer. Agents are also able to show your house, even if it is not yours.

Agents have access to large networks

Redfin or Zillow allow you to list your home. Is that enough? Even if you have a strong professional network or personal network they won’t be interested in spreading the word on your house for sale.

You don’t have to be in touch with any other agents or clients to bring potential buyers to your home. There may be less interest in your property, and you might not receive as much money.

Do not sell to unqualified buyers

An agent can help determine if the potential buyer is qualified or just a dreamer. This can be time-consuming and can disrupt your daily life. Your home should be beautiful before you show it. You should limit the amount of hassles involved in showings that will most likely lead to a sale. It will be awkward for buyers to have the seller present while they tour the home.

Price negotiations require skill

Although you might have some sales experience, your skills are not sufficient to negotiate a home purchase. You will be able to negotiate for less money because the buyer’s agent is more successful.

Not only are you inexperienced but also more likely to get emotionally involved in the process. You are more likely to make bad decisions if you don’t have an agent to guide you.

An agent won’t respond to an emotional, inappropriate or offensive seller’s response. The agent will instead state something more professional, such as “The seller declined to accept your initial request but has made this counteroffer.”

Solo sellers may not be as familiar with local customs and markets. Agents can gauge the market’s pulse to determine what is driving demand. Agents can determine which terms are worth negotiating, and which ones should be left alone.

When selling a house, agents are familiar with the local customs. This includes fees such as transfer taxes and closing costs.

You overlook the flaws of your home

Agents are experts in selling homes. Agents are able to walk through your home with you and point out what you need to do to attract buyers. They may not see all the flaws you see everyday, but you might not see them as flaws. Potential buyers can provide feedback to help you choose which feedback to act on once your house goes on the market.

Exposure to Risks

A home-sale transaction involves many legal documents. These documents should only be completed by experts. One of the most important disclosures is that of the seller.

Your real estate attorney may not be as knowledgeable about disclosure laws as your agent. If you fail to disclose a defect or nuisance, the buyer can sue. Agents can make mistakes but they have professional errors or omissions insurance which protects them and provides recourse for the buyer. The seller may not be liable for damages.

The bottom line

It’s very difficult to sell your home without a realtor. This will be the biggest transaction in your life. You can save money by hiring an agent, but there are many benefits to using one.

Real estate agents in Myrtle Beach can help you gain more exposure for your property. Agents can negotiate better deals, spend more time on your sale, and protect your emotions from being sabotaged. An agent can assist you in navigating a complex transaction that could cause financial and legal problems.

Call Full Potential Real Estate, LLC now if you need help in buying or selling your home.

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

real estate agent

WHAT TO CONSIDER WHEN HIRING A REAL ESTATE AGENT

Buying a home and finding the right Myrtle Beach real estate agent go hand in hand. These two things always go together. You might find a good property without the help of a real estate agent but you will have to spend a lot of time doing so. Not to mention the hassle of doing all the negotiations and paperwork on your own.

However, hiring a real estate agent makes your life easier as these professionals help you land the best deal in town. Here are some tips on how you could find the right person:

You can get a great deal with the right real estate agent

Do a self-assessment of your property – if you’re in the market for a real estate agent because you want to sell your property, you might want to assess its value beforehand. This shouldn’t take some time. Assessing your home’s selling points won’t be an issue since you’ve been living in it. Be sure that all your assessments are honest and that everything is disclosed. This often helps the real estate agent in Myrtle Beach find a buyer for your home.

Be sure the agent is familiar with your neighborhood – the last thing that you would want is hiring a real estate agent that is not familiar with your neighborhood. If you’re buying a home, a realtor that knows a neighborhood like the back of his hand will let you in on the best deals around. The same goes if you’re selling a home. The agent could tell you the prices of the properties being sold in the area letting you know about your chances of selling.

Look for agents that work inside your price range – there are realtors that specialize in a particular price range that might be outside what you’re selling or buying. If you want to sell your home fast or want one, hire an agent that deals mostly within your price range. This will let you achieve your goals faster.

Have a one-on-one meeting – nowadays, you can simply call an agent over the phone, through the internet, and other means of communication. However, nothing beats meeting with the agent in person. This is basically getting to know the agent and confirming that you are on the same page with your plans.

Don’t hesitate to ask about fees – we all get paid for our service and you should not be afraid to ask the real estate agent directly about his or her fees. On average, real estate agents make a 5-7% commission on home sales.

Do your homework – when you are looking for a real estate company like Full Potential Real Estate, LLC, always do your research. It helps to know the background of the real estate agent or company before hiring them. This gives you the advantage of knowing what’s at hand. This also gives you the freedom to choose the good ones from the bad ones.

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

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

real estate agent

Hiring a Real Estate Agent

A real estate agent works for either the buyer or the seller of the property. Either way, it is good to hire one regardless of which end you are on. When it comes to selling a home, it would be best if you hire a listing agent to make sure that your property will sell in the least amount of time for the best price. The same goes when you’re buying a home.

Hiring a buyer’s agent is the best way to look for a home. Not only will you find the hunt a lot easier, you also get to have more options than you would have when you did the search on your own. Needless to say, a real estate agent is necessary for transactions that involve any kind of property. Here are some of the reasons why you should hire a real estate agent in Myrtle Beach:

Tip – to get the best price when buying a property, always hire a real estate buyer’s agent

Ask about fees – a lot of people get lost in the process of buying or selling a property that they often brush aside the fees involved when hiring a realtor. This should not be neglected and should be one of the first few things that you should speak about when hiring one.

Understand the contract – although the listing or buyer’s agent would assist you on the process of buying or selling a home, you should be responsible enough to read the contract. Take time to understand it. Read it thoroughly and ask your agent for details if you have some questions.

Ask about their affiliations – when hiring a real estate agent, it would be best to ask them about their affiliations. Most of the time, agents that have the widest reach in terms of affiliation can get you the best deal.

Ask about familiarity – another good thing to ask is how familiar the agent is when it comes to your property or your property of choice. This should be looked into so you could make sure that the agent knows how to handle your needs like the back of his hand.

Ask how long it takes to sell – when you hire a real estate agent, it’s not something magical that your property would just sell overnight. The selling process takes time and you should understand the timeline properly to avoid any mistakes.

Ask how many years they have been in the business – when dealing with the sale or buying of properties, it usually requires a lot of experience to get the best deal. When buying a property, you should get in touch with the professionals in the industry that have been in the business for many years. Experts like Full Potential Real Estate, LLC can fully guide you on the processes that are involved when you want to buy or sell a property.

Ask for help from our reliable real estate buying agent at Full Potential Real Estate, LLC.

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

real estate agent

Real Estate Agent: Buying Vs. Selling Agent

Most of us come to a real estate agent for two primary reasons: either to sell or buy a home. Experts suggest it is much better for the customer if these transactions are done separately, and also through separate representatives. One house vendor compares it to trading in your used vehicle and then getting a new one from the exact same car dealership – you will never obtain a great offer on your trade-in.

Advantages of A Separate Buying and Selling Agent

People stand out at what they understand

Real estate agents often stand out at either marketing or buying a home. An excellent listing or buyers agent might be wonderful at marketing a property. This will include being able to take care of a combination of direct-mail advertising, advertising and also online publishing-anything it takes to attract buyers to visit the residence.

A selling agent will certainly likewise be comfortable with prepping the home to buy and will also recognize all that this entails. They will likewise recognize everything about a neighborhood, own a healthy and balanced network of interested purchasers, will be a smart mediator and also do their utmost to safeguard the best price possible for the seller, as well as quickly as well.

An excellent buying agent will certainly be a great listener, patient and genuinely enjoy showing residences. They are detailed oriented, follow up well and also have an in-depth understanding of local communities, their background, schools and also how they sit in the local market.

Keep it Local

An additional merit of having different buying as well as selling agents is that you may own a house in one city and sell a property in a different one. The same applies if you are buying in one community as well as selling in another neighborhood across town.

In this situation, it would only make good sense to have separate buying and selling agents If you use the same selling agent in your existing community to help you buy in an entirely separate location, they will not know the areas as well as this will undermine their capacity to discuss well on your behalf.

Gain the customer database of buying and selling agents

By having different realtors for different property purchases, you get the client database of each specialist. When one representative specializes in selling or buying, they collect a wonderful clientele they can take advantage of when working with an exciting residential property.

Keep the same requirements as you select your purchasing or selling agent

If you decide to maintain separate buying and selling agents, you need to make sure that you find the best. The distinction in between a typical or superstar representative can mean gaining or losing thousands of bucks in your pocket. You should work with a professional when you make the most significant purchases of your life. You’ll find lots of real estate agents in Myrtle Beach, make sure you find the best one.

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

Possible Effects of a Recession on The Housing Market

The U.S. economy has seen its fair share of economic downturns. Many of us may recall the Great Recession that lasted from 2007 through 2009. Here is some information from a seasoned real estate agent.

The unemployment rate soared during that period, while home values plummeted. It was difficult to be a homeowner or real estate investor back then.

The housing market is soaring right now. The housing market is still at record levels, with buyer demand soaring.

However, an economic recession could cause some major changes in the housing market. If the economy takes a significant turn for the worse, here’s what might happen.

Tips From Real Estate Agents

The red-hot stock market may finally cool down

Although there are many criteria that define a recession’s severity, the most common is one marked by high unemployment. Stock values can sometimes plummet during recessions. However, that is not always the case. Similar to stock values, home values can also plummet in a recession. However, this will depend on factors such as borrowing rates as well as buyer demand.

It could lead to a drop in prices if the U.S. economy falls into recession territory, as some financial experts warn. However, this is not always a good thing.

According to the National Association of Realtors, home prices rose 15% annually in March. This means that home prices can fall without triggering a crisis situation wherein countless homeowners are left underwater on their mortgages.

Inventory is low and demand is high, which is the main reason why home prices are so high right now. A recession could lead to less demand, especially if mortgage rates continue to rise or remain high. This could lead to lower home prices.

However, unless the housing inventory increases quickly, it’s unlikely that we will see a drastic drop in home prices. Because supply is still so low, the supply of homes available on the market was just two months as of March 31st. This is a significant drop from the normal four- to six month supply in an equalized housing market.

Even a drop in buyer demand, because inventory is so low, shouldn’t lead to a housing market crash. It might actually open the housing market, which could allow financially secure first-time purchasers to have a chance at property ownership, as well as real estate investors, to purchase income properties more affordably.

Are homeowners concerned about a possible recession?

Homeowners have record amounts of equity right now. Even if there is a recession and home prices fall, equity should not be lost.

A near-term recession may actually have minimal impact on home values, given the fact that there is still very little inventory in the housing market. This is something that current property owners can take solace in.

Call Full Potential Real Estate, LLC now if you’re looking for a real estate agent in Myrtle Beach.

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

real estate agent

RULES WHEN WORKING WITH A MYRTLE BEACH REAL ESTATE AGENT

To ensure a successful real estate transaction, you will need to be able to collaborate with the real estate agent. A strong and trustworthy working relationship with the real estate agent will help ensure a successful real estate venture.

Tips When Working With A Real Estate Agent

Always show respect

Even though they are technically working for you, it helps if you treat your Myrtle Beach real estate agent as your partner. Keep in mind that you may not be the only homebuyer the agent is working with. Thus, you should always show respect and common courtesy whenever dealing and meeting with the agent.

If there are any changes with your schedule, always inform the agent ahead of time, especially if you are going to be late or have to cancel one of your meetings. Always inform the agent so they can adjust their schedule for you or you can reschedule at a more convenient time for the both of you.

Implement proper open house protocol

Real estate agentreal estate agentWhen working with a real estate agent, there is a specific protocol that you should follow when attending open houses. Bear in mind that there are open houses where your real estate agent should go with you. There are other open houses that you can go to even without your real estate agent.

When going to an open house without your real estate agent, make sure the agent hosting the open house knows that you are already working with an agent. You can easily do this by handing over your agent’s business card.

It is always best to have your agent ask questions about the seller of the house. You can inquire about anything about the house such as its condition and history. But you should leave all other questions, particularly ones pertaining to the cost of the house as well as the seller’s motivation, to your real estate agent.

Clearly communicate with the a real estate agent in Myrtle Beach what you expect from your partnership

It is important for you to let your agent know what you expect from your collaboration.

  • Do you want the agent to pick you up and go with you every time you are visiting a house or going to an open house?
  • Do you want the agent to call you every day with updates regarding the house you are looking to buy or with information on potential houses that you can buy?
  • Or do you prefer communicating via emails or instant messaging?

You should let your agent know about your expectations so they will be able to understand you better and be better able to work with you effectively. At the same time, it will also help if you ask the agent what they expect from you. This way, you will both be able to understand each other and communicate better creating a more harmonious and, eventually, successful working relationship.

Set realistic goals and timeframe

Whatever project you are working on, it always helps to set realistic goals and timeframe at the beginning of the project. Have the realtor work with you in creating these goals and timeframes. Keep in mind that they will be working with you and that they will be putting in as much effort as you in this collaboration.

Always communicate clearly

If there are things that are not clear to you or things that you want to change in your purchase proposal or agreement with the seller, let your Myrtle Beach real estate agent know right away. Similarly, with any type of relationship, clear communication is necessary to ensure success. Plus, you will both learn to trust and work more efficiently with each other if you have open communication.

Working with a Myrtle Beach real estate agent is an important aspect of a successful home purchase. Always work with a licensed and trained real estate agent in Myrtle Beach.

Give Full Potential Real Estate, LLC a call now to inquire about their services.

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

real estate agent

Ten Things You Need to Do Before You Hire a Real Estate Agent

There are many reasons to sell your house. However, regardless of the reason, most sellers want it sold quickly and at a fair price. It is important to work with a top agent, but you should ensure these things before you hire a real estate agent to help you sell your house.

Top 10 things you should do before hiring a real estate agent.

1. Your selling goals

Before you even consider hiring a realtor, you must first map out your selling goals. You will need to establish a price range for offers that you are willing to accept. Having a price range is helpful as it allows agents to understand where they’re at. The agent can recommend a price range that is closer to local market conditions if your price range is too high.

You’ll also need to consider the time frame you are comfortable with, and how it might affect the final sale price. Do you prefer to accept a lower price in exchange for a quick home sale or do you prefer to wait for the best deal? Are you open to negotiation or do you insist on the price?

2. Find out how much equity your home has

Before you contact a real estate agent, it is helpful to know what equity you have in your home. Home equity is the homeowner’s financial stake in the property they own, free from their mortgage loan obligation. This is calculated by taking the value of your property and subtracting the total mortgage amount and any other liens that must be paid to sell it.

If you are buying a home, it is possible to have enough equity to make a decent down payment. However, equity must be adequate to cover any expenses that you will need once the house has been sold. This includes closing costs and agent commissions. Once your house sells, any mortgage balance will have to be paid off.

3. If you’re buying, get pre-approved to get a mortgage

The National Association of Realtors (NAR), released their Realtors Confidence Index Survey. It found that 22% of realty contracts were delayed, and that 8% of those contracts were terminated because of difficulties obtaining financing. It can be difficult to buy a house and sell one simultaneously. Get pre-approved for mortgage financing before you start looking for a home.

4. Find the best time to list in your area

Sometimes life has a way of throwing us curveballs and you can’t control when your house needs to be sold. If you’re able to think strategically, determine the best time of year to sell your house.

The housing market trends indicate that homes sold during peak selling seasons are more expensive than those listed in slower times of the year. This swing can be over 10 percent.

5. Repairs are required

NAR also reported that 9% of contracts were delayed, and 9% of those contracts were terminated because of home inspection issues. Do not let your sale go through without making the necessary repairs. To ensure your home passes future inspections without any problems, be proactive and create a repair list.

You can request a home inspection yourself before calling a realtor. You will receive an inspection report that will detail the problems and you can then schedule appointments to have the repairs completed before the house goes on the market.

6. For home improvements, gather receipts and warranties

To get more information about your home, real estate agents can use tools such as automated valuation models (AVMs). They can also tell when a house has been maintained and when it isn’t. This information will be used to help them recommend a price range.

Keep detailed records of all the work done in your home to help you negotiate a fair price. You should keep detailed records of all receipts and warranties. Also, a breakdown of costs, materials and completion dates.

7. Deep cleaning and decluttering

Once you have decided to sell your home, it is time to start cleaning out and decluttering. Although this task may take several weeks or months to complete, it is essential if you are to get the best possible price. Deep cleaning and decluttering your home’s interior can increase the sale price. A cleaner home is more appealing to potential buyers than a house that sells for a higher price.

8. Interior renovations

After your interior has been cleaned, you can think of ways to make your home feel fresher and more modern. You can breathe new life into your home by replacing the curtains and linens with new ones.

You can also refresh your home in other ways:

  • So that rooms appear brighter, replace the light bulbs with LED bulbs.
  • Extension cords that are not needed should be eliminated or hidden
  • Paint your kitchen cabinets and replace the hardware
  • You can place a few plants throughout your home, whether they are real or fake.

An agent you hire might suggest staging plans because staging allows buyers to visualize themselves living in the home. Staging can also increase the sale price. Staging can also reduce the time that your home is on the market.

9. Improve the curb appeal

First impressions are important when selling a house. This starts as soon as potential buyers see your house from the street. Potential buyers will be impressed by the appearance and condition of your yard.

You don’t have to hire a professional landscaper if you want to improve curb appeal. Simple tasks can be done by you:

  • You can pressure wash your exterior, driveway, walkways, patio/deck, and patio/deck
  • Clean the windows both inside and outside (if they are in poor condition, remove them).
  • Take care of your yard by cleaning up any clutter or removing dead plants.
  • Regular lawn maintenance tasks such as mowing, fertilizing, watering and so on should be performed.
  • Fresh mulch can be added to flower beds

10. Find top real estate agents in your area.

Once you have completed this checklist, you can begin your research about who to hire. In Myrtle Beach there are over 4,000 agents. How do you find the best one? Do your research and ask lots of questions.

Work only with the best. Call Full Potential Real Estate, LLC now and let our team help you with your home sale.

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