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Tag Archives: real estate agents

How to Buy Your Dream Home during the Holidays

home buying myrtle beachIt can be difficult to move to a new house during the holidays due to all the seasonal obligations and activities that you must attend to. There are many positives to consider when buying a home during holiday season. It is worth the effort.

Advantages of Buying a Home During the Holidays

There is less competition

People are often discouraged from looking for homes during this time due to the same concerns that make holiday moving difficult. There may not be as many houses for sale at this time, but there are still fewer home buyers. This means that there is less competition to find the right house.

Motivated Sellers

Home sellers don’t enjoy the holiday season as much as home buyers. Most likely, those who sell their homes during the holidays have strong motivations. They might need the funds to buy a house before the year ends. You have a great opportunity to get a better deal when you combine lower competition with motivated sellers.

Lower prices

The rapid rise in house prices can partly be attributed to the shortage of homes on the market. However, December has been a month with lower house prices. It is uncertain if this year will be the same, but you can still look at the prices of homes in your area if you are interested in buying a home.

Faster Closing

Everyone involved in a real-estate transaction during the holidays wants to close the deal before the end of the year. Buyers want to settle in their homes and sellers, if moving, want it done before the holidays. Lenders would also like to have the loan included on their books for the current fiscal year. Brokers and real estate agents would also like to include the common in their income for this year. The closing process should go smoothly for all parties. You must make sure you have all paperwork in order.

Higher Interest Rates

The interest rates are at an all-time low. The average interest rate for a 30-year fixed mortgage is now at 3%. This is despite the fact that it has been rising throughout the year. Online calculators can be used to determine how much you could save on your mortgage over the term of your mortgage, even with a slight decrease in interest rates. You may be amazed at how much you can save. Remember that your credit score can affect your mortgage rate, and even stop you from being approved for a mortgage. Check your credit score and credit reports.

Motivated Agents

Myrtle Beach’s real estate agents have fewer clients due to decreased activity in the market. With a reduced sales commission, they may have more time to assist you.

Similar Seasonal Sales

Are you looking for furniture or other items to add to your home? You will find a lot of seasonal clearance sales at this time of year that will allow you to personalize your new home. Be careful not to spend too much.

These tips may not be applicable to every market or every year. These are often the benefits that potential homebuyers get from holidays. You can learn about the market conditions and find out if you are able to find the perfect home.

If you’re looking to purchase a holiday home, call Full Potential Real Estate.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-236-0203

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Real Estate Agents

Common Misconceptions about Real Estate Agents

If you’re looking to sell or buy a house, real estate agents are the right people to contact rather than trying to buy or sell a Myrtle Beach home yourself. There are many misconceptions surrounding these professionals that can hinder your chances of a successful transaction.

A Myrtle Beach real estate agent should never be late for appointments

Habitual tardiness is a bad habit for professionals, no matter what their profession. No matter if we’re talking about a doctor or a store manager or a Myrtle Beach realtor; everyone deserves respect and that includes being on time for appointments. It is best to look for a different potential agent if the one you are considering hiring does not treat you with this level of respect. Accepting excuses from agents is the same as accepting that things will happen. There are agents who are always late. It is obvious. However, don’t let a few bad apples give the industry an undeserved reputation.

It makes them more money if you pay more for a house

This is one of most common misconceptions. Let’s say you are considering two properties worth $300,000 and $310,000. If you take the latter, the amount that the agent makes is just $150 more. A reputable realtor won’t focus on the higher listing in most cases. Good real estate agents will be more focused on helping clients find their dream home at an affordable price. It is important to know that only about half of large brokerage real estate agents close more than four deals annually. They will have to pay MLS fees and lockbox fees, overhead fees, expenses, as well as their mistakes. You can see that they don’t really earn that much, if you think about it.

Agents must bring you to properties that are in high demand

The agent you’re talking to doesn’t have to show you anything unless you have signed a contract. It is not possible to simply call an agent and ask for homes to be shown. They need to make a living, which means that unless they have a contract to work with you, they will not be obligated to provide their services. Call Full Potential Real Estate, LLC for more information.

They get kickbacks

Since 1974, real estate agents are prohibited from accepting kickbacks from vendors. The RESPA, or the Real Estate Settlement Procedures Act, prohibits such actions. Some listing agents are slower than others to grasp the law. Most real estate agents are well-versed in RESPA and will not do anything to damage their reputation or their license.

Home Inspectors Favor Real Estate Agents

Agents must inform clients about all material facts. Reputable agents will always encourage full disclosure. However, buyers will be better informed about the details of a property if they request a home inspection. Home repairs can be part of the negotiating process when buying a home.

Full Potential Real Estate Agents are reliable and always work for the client’s best interest. You may reach us at (843) 492-4537.

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

Steps To Be A Successful Home Buyer

House buying is the largest purchase you’ll ever make. It is also one of the most difficult. You can become a successful Myrtle Beach homeowner by planning.

This is the 6-step checklist that you should use when purchasing a home.

Check Your Credit Score

Your FICO rating is another name for your credit score. This score is important when you apply for a loan. Your chances of getting a loan are better if you have a higher score. Annual Credit Report.com allows you to check your credit score completely free. It is important to know what your budget can afford before you buy a house. Online calculators can help you estimate some numbers. Particularly for novice house buyers, it is important to understand the financial side of buying a home.

A down payment is required

One of the most common problems house buyers face is not having enough money for a deposit. This is especially true for young house buyers or those who are first-time house buyers. A down payment of between 10-20% of the property’s worth is required when you buy a Myrtle Beach home. A reputable mortgage broker will help you calculate the down payment required based on your credit history. Online monetary calculators can also be used to get an idea of what you might need.

Meet a mortgage broker

To be pre-approved for loan, you will need to meet with a reputable home mortgage broker. This will help you determine your FICO score, income, and how much you have saved for a down payment. There are many other factors that go into getting approved for loans. A great home loan broker will be able to discuss them with you and help you plan accordingly. Most loan providers believe that your monthly home mortgage payments should not exceed 1/3 of your gross income.

Some banks believe it could be closer to 28%, which includes mortgage, taxes, and insurance coverage. You should always discuss closing costs with both your mortgage broker and your agent. They may be negotiable in some cases, but you won’t understand the details unless you ask.

Interview Real Estate Agents

It is always a smart idea to speak with several real estate agents. Ask your family, friends, and coworkers to suggest a good agent. Great representatives will be honest, thorough, and help you obtain the best price for your purchase.

You should be prepared to talk openly with them about your needs, ideal communities, schools, as well as your budget. Remember that an ethical agent will work for you, not the seller!

Do your research!

Do your research about neighborhoods and schools if you don’t have the time. You can find a lot of information online. Full Potential Real Estate will provide information about any Grand Strand area of interest.

Get a home inspection

It is important to make sure that your house is secure and you don’t get any surprises after you move in. A thorough inspection by a competent and credible inspector is essential. In some areas of the country, lending institutions may require it. An experienced Myrtle Beach inspector can provide a variety of services, including a pre-purchase inspection and other tests like mold and air quality testing.

To see exactly what your inspector sees and what he’s trying to find, you should arrange for a walk-through. This will give you a better overall view of the house. Make a list of any concerns you have about the house and bring them up during the walk-through. The inspector will use a comprehensive checklist to evaluate all major systems in a house, such as the electrical and plumbing. In the case of an inspection revealing any problems, you may need to renegotiate your original offer.

After you’ve done your research, call Full Potential Real Estate to set up a time for you to begin looking for your Myrtle Beach dream house. You may reach us at (843) 492-4537.

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

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