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real estate agent

THE SECRET TO FINDING THE BEST REAL ESTATE AGENT

Discovering a real estate agent requires time, however, selecting your representative very carefully will repay ultimately. Right here’s exactly how to discover the ideal real estate agent.

When my partner and I initially began trying to find a real estate agent to acquire our initial residence, we seemed like youngsters attempting to browse the grown-up world. Up until you begin dipping your toes right into the home buying process, it is very easy to take too lightly just how little you understand. We promptly recognized that our typical routine of picking providers based on Yelp evaluations was woefully poor.

We began asking around. A few of our pals had just bought houses in Myrtle Beach and also we at some point, discovered that most of them had hired the very same real estate professional. After some cautious vetting as well as an in-person conference, we determined the same real estate professional.

We found out a whole lot concerning the home buying process, as well as why locating the best representative is the very first step to discovering the ideal house. Below is exactly how you can do it as well.

How To Find The Best Real Estate Agent

Where to discover a property agent
If you’re transferring to a brand-new city or do not have friends that just recently purchased a residence, you might need to do some research online.

Call your network to discover the ideal real estate agent
Going on the internet to locate a broker is just one of the most effective methods to go with. If you favor an even more human touch, you would do well by just asking around. Ask individuals you recognize that lately purchased or bought a home, for their point of view.

It is advisable to stick to individuals that have actually bought a residence in the last 6 months, due to the fact that property trends alter quickly. You intend to learn through somebody that has been with the process just recently, not a veteran house owner that bought the house years back.

If you’re marketing a residence, request suggestions from individuals that have marketed their residence lately. If you are getting a home for the very first time, ask various other brand-new property buyers for suggestions.

Interview your real estate agent in advance
Choosing the best real estate agent is just one of the most vital residence acquiring choices you’ll make. Much like you would not select a flooring professional without meeting them initially, do not hesitate to speak with a number of property representatives prior to making a decision.

If you are selling, ask a real estate agent for their straightforward point of view: Are you requiring a decrease in your asking cost? Are you making any type of considerable repair services prior to placing the house on the market? Is it a seller’s market?

If any individual appears extremely positive or impractical, remove them from your listing. You desire to work with someone who is likely to be simple and sincere with you, also when it’s difficult to listen to.

Comprehend the distinction between real estate agents as well as broker
A real estate agent is a certified specialist that needs to take an examination in order to offer and acquire residences in support of a customer. Representatives have the alternative of coming to be a property broker by taking a broker’s certificate test and also finishing some kind of education and learning called for by the state. Brokers will usually have several representatives benefiting them.

A real estate agent is constantly a representative or a broker, however, a representative or broker is not always a real estate agent. Ask any type of prospective realty representatives if they are also real estate professionals.

Qualities of A Real Estate Agent

Responsiveness
One of the most essential qualities of a real estate professional is responsiveness. In the warm market, a lot of locations are experiencing today, residences go promptly. In some cases being the first to make a deal indicates the distinction in between seizing your dream home or being overlooked in the cold.

Well-informed concerning your preferred community
You need to likewise try to find a realtor that’s acquainted with the community you are getting or offering in. A person that recognizes the community better is most likely to be a lot more accustomed to its advantages and disadvantages– as well as exactly how to utilize those high qualities to your benefit.

A permanent representative
See to it your real estate agent is a permanent representative, not a person doing it as a sideline. Ask to see their qualifications, including their realty certificate, how long they’ve remained in the profession and also the number of deals they finish in a month. Given the development of HGTV, lots of people have actually come to be representatives in an effort to get rich rapidly, not understanding it’s a genuine occupation that calls for ability.

Locating a real estate agent in Myrtle Beach requires time, yet choosing your representative meticulously will be worth it. Follow these pointers and you will be well on your way to locating a representative that will help you locate your dream home or sell your home at an agreeable cost.

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

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

buy a home

How to Buy a Home When Inventory is Low

Today’s seller’s market is experiencing a lower inventory than ever, as the demand for homes continues to rise. There are only a few single-family houses that are for sale in the country, and two months’ worth of inventory is currently available in the 100 largest metro areas, marking a historic low. The question now is how do you buy a home in this condition?

Sellers may not be concerned by this market condition, but buyers can have serious concerns. It can be difficult to buy a home in Myrtle Beach in a low inventory market. Many buyers spend months making offers on multiple listings, only to lose out to other homebuyers in bidding wars.

How can one buy a home in Myrtle Beach when there is very little inventory? Let’s see how we can help you! These are some buying tips that will make it easier and more cost-effective so you can get settled in your dream home sooner than expected.

Expand your location preferences 

If you’re a resident of a particular area, expanding your geographic location can be difficult. You don’t have to live in your preferred neighborhood. Explore the other available homes to buy. You will find a wider range of homes that may be more suitable for your family’s needs and wants.

It is possible to find a deal that offers a great opportunity to invest in an emerging area. You might find a home to purchase that is further away but still has everything you need. You never know what you might find if your search is broader. Rather, you can look at other areas to help you determine your needs and desires for your future home.

You can offer a higher price (within reason)

Low inventory means high demand and high prices. You will be competing against other buyers who are making offers on the same houses as you. There are likely to be multiple offers on the table so it is in your best interest to make a winning offer. If you find a home that ticks all your boxes, this is especially important. You may be able to secure the home of your dreams by making an offer that is reasonable.

You don’t want a house you can’t afford to buy. It is crucial to be financially sound and have a clear understanding of your budget before you begin house hunting. Avoid homes that are too expensive. You will be able to make a higher offer, if necessary, and it will set you apart from other buyers.

Be patient with the process

You may feel tempted to compromise your standards and accept any offer on any home you find. You may be tempted even to abandon the idea of purchasing a home. Do not let today’s market’s crazy frustrations stop you from finding the perfect home. Be patient and resist the temptation to give up.

It is not easy to buy in today’s sellers’ market. But it can lead you to your dream house. It is important to be patient but also proactive. Keep active in your home search. Be ready to view a house as soon after it has been listed. It may mean that you have to be available at night or at weekends but this will allow you to stay ahead of the other buyers.

A professional real estate agent to work with if you plan to buy a home

It is important to work with an experienced real estate agent when dealing with low inventory. This type of inventory situation can be navigated by real estate agents who have market knowledge and experience. They are experts in real estate and can assist their clients with any questions.

Realtors can help clients find homes and make offers. They can also save clients money. Homebuyers have the option to buy any property and receive their agent’s commission at closing. This averages out to $5,000 that can be used towards closing costs, moving costs, and even savings account for the future.

It can be difficult to buy a home in a low inventory market. This will require patience, persistence, and flexibility. If you’re patient and persistent, you will find the home that you want.

Are you ready to tackle today’s market? To get started on your home search, contact Full Potential Real Estate, LLC today!

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

How to Avoid Buyer Burnout When You Buy a Home

It has been difficult and challenging to buy a house. Many people who are looking to purchase a home have found it difficult over the years. Buyers are reluctant to buy a home due to the high-stakes bidding battles, skyrocketing costs, and lack of inventory.

There are ways to reduce stress during the home buying process. Here are some tips for homebuyers to reduce stress and avoid buyer burnout.

Tips When You Buy A Home

Set reasonable expectations

Homebuyers can help protect their mental health by setting realistic expectations and being realistic before they begin looking for homes. Know the market that you are entering. The number of active listings is still at 67% below pre-pandemic levels. Remember that more people are looking for homes available for purchase.

It is important to be familiar with the market and understand that finding the right home can take time, negotiation, and compromise. Although it may be difficult to accept at first, this will benefit your mental health over the long term as you search for homes.

Hire a Good Real Estate Agent

An experienced real estate agent will help you to understand the market and find homes that are right for you. Agents can help you find the right home for you within your budget.

These real estate agents in Myrtle Beach can also assist in negotiations, inspections, and contract support, which relieves some of the stress for homebuyers not as familiar with these procedures.

A low-commission brokerage is a good option if you need to manage finances, or just want to save money. These brokerages provide a simplified buying experience that offers all the same services and a half the price of traditional brokerages.

Flexibility with your time

Flexibility is essential when you’re entering today’s market. Sellers can close their homes within weeks, or even days after listing them on the market. Homebuyers will find it takes longer to close the deal due to high competition.

You want to be flexible as a buyer. You don’t have to be in a hurry to buy a home in Myrtle Beach. You will feel unnecessary stress if you do. Sometimes, you may buy a house just to make the purchase. This could cause buyer remorse and additional stress. Do it if you have the patience to wait for the right opportunity.

Set Up Strong Boundaries

It is important to set clear boundaries before you enter the homebuyer process. This will help protect your mental health. You should decide how much time you will dedicate to looking for homes. Then stick to it. You will need to be able to commit the time and may need to set boundaries.

Social engagements that may impede your home search should be declined. These extra activities can take away from your home search time, make you feel stretched, and increase stress during stressful homebuying season. You can prioritize self-care if you have the time. This will help you keep your mind and body energized and motivated.

Be financially prepared

When it comes to buying a house, finances are a major stressor. Financial preparation is the best way for you to reduce stress during the home-buying process. You should have a clear understanding of your budget and loan amount before you lock in your mortgage rate or get pre-approved for a mortgage. Your monthly mortgage payment should not exceed 30% of your income. This is a good rule to follow.

Pre-approval and locking in your mortgage will show sellers that you are a qualified buyer who will likely complete the home purchase. This will eliminate the need to secure a mortgage contingency or stress associated with securing at the last minute. It will save you time and reduce stress by taking the time to organize your finances before it is too late. Although it may not be the most exciting aspect of buying, it is essential if you want to make a smooth transaction.

Conclusion

It is crucial to be aware of your mental health before you buy a house. Your stress levels will affect your ability to manage them. These tips will help you find the right home for you, whether you’re looking to buy or sell.

Call Full Potential Real Estate, LLC now if you need help in buying a home in Myrtle Beach.

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

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

 

buy a house

Fall Is The Best Time To Buy A House

Many people believe the best time to buy a house is spring and summer. The other seasons like fall are often overlooked. Many home buyers believe that fall is all about hunting for houses and Halloween.

Contrary to popular belief, fall is a great season to buy a house in Myrtle Beach. It might even be the best time to start looking for your dream home.

Buy a House: Find Affordable Homes

The real estate market becomes more stable as the days become crisper, much like the beach after Labor Day. Summer buyers are likely to have found their dream homes by now, which means that fall home buyers will be less competitive for houses currently on the market. Fall buyers will have more freedom to visit open houses because not many people leave the market before the New Year. With patience and perseverance, there are still many homes available.

Worn Out Home Sellers

People who put their homes up for sale in the fall are sellers who really need to sell their homes. If the seller has put their home on the market in the fall, it can be a powerful tool to negotiate a lower price. If you’ve been eyeing a property for a while, you will be in control of negotiating a price that the seller can’t refuse. A house that has been on the market for a while will give the buyer more negotiation power.

The Holidays Are Near

Many home sellers feel exhausted after the summer selling season. They are also caught between a rock and a hard place as the holidays approach. If they want to be able to move quickly and settle down in time for Thanksgiving and Christmas, they must close as soon as possible. If they offer you a great deal, consider offering to help them move out of their home in Myrtle Beach.

Year-End Credits for Tax

No one wants to buy a house just to make their accountant happy. There is an additional incentive that allows you to buy a house at the end of the fiscal years. You may be eligible for tax deductions, including closing costs and property tax. Mortgage interest can also be used to offset your taxable earnings.

Spend more time with your real estate team

With fewer buyers, you’ll have more time with your real estate agents and mortgage broker as well as all other members of your house hunting team. All questions regarding earnest money and title transfers, due diligence, etc. will be answered.

Home Improvement Deals

You might consider upgrading your appliances when you close on the house you bought in fall. December is a great time to buy big appliances like washers, dryers, stoves and refrigerators at their lowest prices. There will be great deals on cookware and TVs.

If you need the assistance of a professional agent in real estate, please call Full Potential Real Estate, LLC.

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

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

 

sell your home

Things To Do Before You Sell Your Home

Ask your real estate agent for advice on how to improve the appearance of your home before you sell your home. Your agent will be able to tell you the expectations of buyers in your area and what your home’s value is. These 10 steps will help you get started in selling your home.

What To Do Before You Sell Your Home

1. You should welcome buyers.

Your front door should be visible and easily accessible for buyers. Paint the front door, clean the yard and walkway, and mow the lawn.

To attract street attention, pot or plant colorful perennials and annuals. Repair broken screens, doorbells and roof tiles. Replace your doormat. Homebuyers can be put off by exterior defects.

2. Make it shine.

A home that is clean shows that it has been taken care of. This can be a selling point for buyers. Buyers inspect homes closely, particularly bathrooms and kitchens. These grime-prone areas can be repainted.

To remove stains and dinginess, and to get rid of odors, clean carpets and rugs. Before you show your home, tidy up all rooms, including the garage and cabinets. If you find it difficult to clean all the rooms yourself, hire a professional cleaner to help.

3. Start packing.

Cluttered rooms can turn off buyers and make your home appear smaller. It is difficult for potential buyers to visualize living in a home that is cluttered with personal possessions.

You can start by getting rid of any excess furniture, toys, and personal decorations such as family photos. You can either store the items you don’t need on a daily basis or give them to a friend. You can also get a head start in your move by decluttering your home.

4. Use your paint wisely.

All you need is a well-done and simple paint job. You can paint walls with unusual or unusual colors or white walls.

The best neutral colors are those that reflect nature and spa inspirations, like taupe or subtle gray. Don’t forget about trim and molding. A fresh coat of paint on worn or outdated cabinetry can make a big difference, as per real estate agents in Myrtle Beach.

5. Repair the little things.

You can repair or replace any broken or obsolete hardware in your home. It is easy to install door handles, faucets and towel bars, as well as curtain rods, which are easily visible to homebuyers, at a very affordable price.

The functionality and safety of these parts are also improved by installing new hardware in the bathroom, kitchen, windows, and doors.

6. Update lighting.

Replacing decorative light fixtures is a good way to update your home’s look. Replace bulbs that are not appropriate for your home’s lighting. Real estate agents say that ambient, low-key lighting is best for filling a room.

While task or directional lighting is better for areas such as a reading corner, it can be more effective to use directional lighting. Accent lighting can be used to highlight key points of a room such as artwork or a mantle to draw buyers’ attention.

7. Frame windows.

Window treatments can enhance the natural brightness of your home and improve its appearance. The amount of light that enters a room through window treatments can also affect its temperature. When showing your home, adjust window treatments accordingly in the mornings, evenings and at night.

8. Set the table.

Fresh flowers on the table or in the kitchen are always a nice touch. Place settings are also handy so that you can quickly set them up for open houses or showings. You don’t need to dress up the dining room. Keep the tables casual in the kitchen.

9. Keep everyday objects hidden.

During open houses and showings, don’t leave pets’ and children’s toys out in the open. Before each open house or showing, move litter boxes, pet dishes, toys, animal cages, and children’s entertainment to more private areas, such as an outside storage unit or garage. You should also think about how you can store dirty laundry and kitchen sponges.

10. Remember to take care of your backyard.

Your backyard should be functional and spacious. You can plant or pot brightly colored flowers. Keep the landscaping neat and tidy. So buyers can feel at ease in your yard, you should always pick up after them.

Call Full Potential Real Estate, LLC now if you need professional help in selling your home in Myrtle Beach.

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

sell your home

A Home Declutter Checklist to Quickly Sell Your Home

Potential buyers will want to see everything when you sell your home. This means that no space is safe for serious homebuyers. It is important to make the most of every square inch in your home and minimize clutter.

Decluttering doesn’t mean getting rid of your stuff, but rather making your home ready for sale. Buyers want to see what the space can do for them. You can make your home stand out by removing any distractions and maximising the usable space. Here’s a list that will help you identify the most important areas and items that you should get rid of as you sell your home in Myrtle Beach.

Decluttering Tips Before You Sell Your Home

Tidy the Front Yard

Before visiting open houses and requesting showings, homebuyers frequently drive through potential neighborhoods. Real estate agents in Myrtle Beach say that it is essential to maintain a tidy front yard and make a good first impression.

Make a welcoming entryway

The entryway is the first impression you get of your home, just like the front yard. You can organize the space and give it an overhaul to attract potential buyers.

Showcase your Kitchen

Potential homebuyers are most likely to look at your kitchen as the most important place in your home. Even if your kitchen is small or old, it can be transformed into a beautiful space.

Make sure the countertops are free from small appliances and that the fridge is clear of notes and magnets. Keep the pantry and cabinets tidy and well-organized. Also, clean out the freezer, refrigerator, and area under the sink.

Accentuate the Living room

The living room is the most important space in a home. It should be clean and tidy, as it will often be the focal point of the home. This means organizing magazines and removing unnecessary table decorations. A room will look bigger if it has the right furniture. Don’t hesitate to ask for the help of a real estate agent.

Let the Bathrooms shine

Declutter and organize your countertops. No one wants to see your makeup or toothbrushes! Linen closets and medicine cabinets. Clear out any extra items under the sink and in the shower. To freshen the space, you can buy a new rug or shower curtain as they are inexpensive.

Take Away Photos

You can depersonalize your home by taking all of your family photos out. Buyers will find it easier to see the house as their own, without having to be reminded of the lives of others.

Clear the Hallways

Even a spacious house can feel cramped if it has narrow hallways. Get rid of all visual clutter, including photos, hanging hooks and other artwork.

How to organize storage rooms

Buyers want to see your garage, sheds, and closets. You can make your storage areas look more spacious and organized by clearing out clutter and opening as much space as you can.

Minimize the Tabletop Decor

While you don’t need to leave blank walls, it is important that there are fewer plants, artwork, candles and other decorations. It’s important to choose neutral decor that is minimal and not too formal.

Laundry Room Cleaning

Your laundry room should make a great first impression. To create the type of laundry room prospective buyers want, make sure that all cleaning products and appliances are well-organized.

Call Full Potential Real Estate, LLC now if you need the help of a real estate agent in buying or selling your home.

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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

Home Appraisal And Real Estate Agent

So you’ve found a piece of real estate that you like and put in a good offer. Sound like the deal is about to go through, right? – Wrong! The home appraisal process has just begun. Having your offer accepted doesn’t take you across the finish line just yet. There are still a lot of things that you need to look into and understand. It’s best to talk to your real estate agent in Myrtle Beach about this and dig into the details.

Your prospective home still needs to go through a comprehensive appraisal even after you’ve applied for a mortgage. If the appraisal isn’t favorable, that could spell the end for the deal. It isn’t the most pleasant experience. You should always get to know the process so you would know what to expect. Read on and we’ll demystify what goes behind home appraisal.

Real Estate Agent Tips

Lenders are in it too!

So, you and the seller have settled on a price. Does this mean the deal is closed? Is it already a done deal? Unfortunately, it’s not quite over yet. It’s only just starting. The lenders will be appraising the value of the property too. When you’re buying a home in Myrtle Beach, you’re not only dealing with one or two entities. You’ll be doing transactions with a number of people before everything will be finished. Lenders are among them. After all, your investment is theirs as well. For you to be able to get a mortgage, the lenders must appraise the value of the home. The property will serve as collateral. If you don’t manage to pay your mortgage, the property will be foreclosed and will be sold to get their money back plus interest.

Appraisers are on the lender’s side, not yours

In the process of buying a home, you’ll be paying for the appraisal of the property of your choice. The appraisal process will set you back anywhere from $300 to $400. However, paying any amount does not mean that you’ll get special favors from the appraiser and get a lower appraisal for the home. Nobody is allowed to put any pressure on the appraisers just to get to a certain mark. In fact, it is illegal to do so.

Home appraisal adds protection to the buyer

You read that right. Although appraisers will not help you get a home for the price that you want, they will give you the protection that you need. Home appraisal isn’t only there to give clear value to your prospective home, it’s also a way for you not to end up with a bad deal. For example, the agreed amount between you and the seller is $125,000. However, the appraisal came in at just $105,000. That leaves a $20,000 deficit.

There are a couple of things that buyers can do at this point. Do note that appraisals coming in low isn’t a bad thing – at least not entirely. Here are the steps that a homebuyer could take:

  • The buyer could walk away from the deal and find another property
    • Continue with the deal by coming up with the difference or have the seller cover it
    • Get a second opinion from another appraiser (although this isn’t always the best option)

When you do seek another opinion, you need to consider that the results may still come in the same. Do make sure that you consult real estate agents in Myrtle Beach first. Talk with your real estate agent to know more about the process.

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

Give Full Potential Real Estate a call today and get the home of your dreams!

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

buy a house

Home Remodel or Buy A House?

You may be considering reevaluating your housing situation in light of rising home prices and increasing interest rates across the country. Should you use your equity from your home to finance a renovation or should you take advantage of the seller’s market? Should you buy a house or consider a home remodel?

This is a major decision that will be affected by your financial situation and lifestyle. These are some things that will help you make this difficult decision.

Home Remodel

Are you happy with your current neighborhood? Do you find it difficult to imagine living elsewhere? A home remodel might be the best choice for you.

Pros

There are many financing options available: Personal loans, cash, securities-based lending,  home equity loans, construction loans.

It’s sometimes less expensive to remodel than buying a house in Myrtle Beach. If you were to purchase real estate, you could avoid broker commissions and selling fees, which can reach as high as 6%.

You have more control over your space: You can choose the floor plan, appliances and paint colors.

These improvements can increase the value of your home. If you decide to sell, you might be able to recover the cost of these improvements.

Cons

Existing property may have physical constraints. Remodeling the kitchen can be a viable project for most homeowners. However, adding square footage to properties in dense areas may prove impossible.

Remarkable surprises and delays in construction: Rules and regulations can increase the cost of your project, and/or slow down the timeframe. Remodelers often discover hidden problems that can complicate the process and increase the cost.

Disruption to everyday life: Converting your home into a construction site can cause disruptions in your daily life. You may need to move elsewhere depending on the scope and size of your project.

Buy a House

Selling your home and moving to a better neighbourhood might be the best option for you.

Pros

If your new home is located in an area that is more desirable than the one you currently own, it may be a better long term investment.

You can get tax benefits such as mortgage interest deductions, provided your mortgage balance does not exceed the value of your home. Capital gains tax is not applicable if you reinvest the proceeds from the sale of your house in your next home purchase.

A new home is more likely to fit your lifestyle.

Cons

Rising interest rates: After a period with historic lows, mortgage interest rates are experiencing a steady increase, which can adversely affect your purchasing power.

It is expensive to buy a home.

Illiquidity: If you purchase a larger home, your money is more likely to be tied up in an asset that can’t be sold quickly for cash in an emergency.

How to finance the right option for you

Finance is an important part of the decision-making process. There are many options available, regardless if you decide to remodel or purchase.

Cash savings: This is a popular way to finance a bigger down payment or a project renovation.

Home equity loan, or HELOC: A lump-sum, fixed rate loan that lets you borrow against the equity in your home. HELOCs are similar to a home equity loan, but the interest rates can fluctuate making them less attractive in today’s rising rates environment. Both can be used to preserve cash and to finance home improvements.

Securities-based credit: This option allows you to use your nonqualified assets as collateral to obtain financing. It allows you to receive the funds you need to make a cash offer or earnest money, while still remaining invested in the markets.

Mortgage loans: Mortgage loans might be the right option for you, whether you are looking for a primary or vacation home, as well as an investment property.

What does it mean to remodel or buy a house?

A major decision in your life is whether you are buying a home new or remodeling an existing one. We can help you to find the best way to balance your financial goals with your long-term objectives and provide guidance on financing options to make your dream house a reality.

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

Call Full Potential Real Estate, LLC now if you are thinking of buying or selling a house in Myrtle Beach.

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

 

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