Real Estate Agents On Buying And Selling At The Same Time

Many Myrtle Beach real estate agents and realty professionals agree that most home sellers also need to buy a new home. This is often because their reason for selling is moving to a new location. While many would find buying and selling at the same time difficult and extremely challenging, realty professionals say the key is planning well in advance. The whole process will be smooth sailing with proper planning and preparations as well as working with a trained and experienced real estate professional.

According to professionals, the tricky part in buying and selling a home at the same time is the transition between the buyers and sellers. If you find yourself in a similar situation, below are some helpful reminders that you should keep in mind.

Reminders From Real Estate Agents

1. Accept that this is not an easy process.

There are lots of things to worry and stress about when buying and selling a home at the same time. Doing each is already stressful, what more if you are doing both at the same time. You need to make the sale in time for the purchase of your new house. Otherwise, you continue to worry about your finances and stay up all night considering the proposals you receive for the house that you are selling.

Knowing up front, accepting, and expecting all the challenges and hardships before they happen will make them more bearable. Do not think that you are alone in the process. Everyone who buys and sells a home at the same time goes through the same hardships. Plus, you can always work with a Myrtle Beach real estate agent to assist and represent you.

2. Find a trained and experienced professional to work with.

If you are buying and selling at the same time, it is highly recommended that you work with a trained and experienced Myrtle Beach real estate agent. Once you find an agent to work with, you need to commit a lot of time to meet with them to discuss your home’s market value and marketability. Be sure that you hire someone who is highly knowledgeable of the neighborhood you are currently in as well as the present state of the real estate market.

3. Become knowledgeable in the market where you are buying.

Once you and your agent have identified and decided on the value of the house you are selling, you can now proceed with scouting for a house to buy in the area where you are moving. Provide your agent with as much information as you can regarding the house that you are looking to buy, including the number of rooms and your other needs. When discussing these with your agent, you need to consider your budget as well. Discuss the financing with your agent and how it will work between the sale of your house and the purchase of a new house.

4. Consider available financing options.

There are financing options that will allow you to buy a house before you are able to sell your current home. This is especially helpful if you are not able to sell quickly and if your finances are not enough to allow you to buy before you can sell.

Seek recommendations from your real estate agent on a mortgage professional that you can work with. You will have to discuss your mortgage options with the broker or lender considering the value of the home you are selling and buying. Inquire during the pre-approval process whether you would be able to buy before selling your house or not.

5. Layout your plan

As mentioned earlier, having a plan for your buying and selling venture is helpful and key in ensuring successful transactions. In creating your plan, it’s important to consider the state of the market where you are buying and selling. If you are buying in a competitive market, you should not probably wait for the house to sell before buying a house in Myrtle Beach and if you are selling in a competitive market, consider negotiating with the buyer a longer escrow, which will help give you enough time to buy a house.

There is a lot more to consider when buying and selling a house at the same time. Make sure you work with a trained and experienced real estate professional who will guide you all throughout the entire process.

Call Full Potential Real Estate today and speak with their real estate agent.

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

Benefits of Dealing with a Real Estate Agent

Most people believe that buying and selling residential properties is one of their most important investments. There are many interesting options available today, making it easy for anyone looking to buy a home of quality to do so. There are still many issues to be addressed. It is important to use and acquire residential properties based on the advice of a professional real estate agent.

What do real estate agents do?

People who are looking to buy a house, condo, or apartment often make the mistake of not paying attention to the locality. Real estate agents in Myrtle Beach will help them gain a deeper understanding of the area and all its important information, so they can make an informed decision. Many people use their services because they are able to clarify the price due to their understanding of industry trends. Real estate agents’ services are also exclusive. They offer a variety of tailored services to meet the needs of even the most demanding clients. When people seek out the services of these service providers they can finally get rid of the paperwork.

The Benefits of Hiring a Real Estate Agent

A house is an important financial investment. You should work with an experienced and reputable real estate agent who will ensure that the entire house transaction is completed without any complications. They are very important when it comes to a wide range of home deals. They usually act as mediators between the buyer and the seller, are there to assist all parties involved in the deal.

Real estate brokers can perform a variety of tasks. They provide their best performance in helping their clients buy and sell a home, rent or lease various apartments, etc. Their services are in high demand today. Many people are not aware of how to choose the best agent.

You should be prepared to pay for the home’s services. They may vary frequently so it is important for potential clients to compare them to find the best price. When searching for a professional who is effective in this area, there are many other factors to consider.

Why do people need to hire a pro?

Residential property purchases are a big investment and an important one. It is therefore important to only use the services of the most knowledgeable and reputable real estate agents like Full Potential Real Estate, LLC.

Many people choose not to seek professional assistance, but this can lead to serious economic damage. Selecting a good real estate agent can help them avoid this damage. However, people need to understand how to choose the best in this area. You should look for local experts, like a trusted real estate advisor.

In the future, their solutions will be more useful. The fact that companies can handle all the paperwork associated with an offer is one of the main reasons traders seek their services. Because they have the right experience and understanding, they know what to do under different conditions. Real estate professionals have many helpful tips, and they know how to handle all issues in this field. Their clients can rely on them and rely on their decisions.

Full Potential Real Estate is the only choice if you are looking for a trustworthy and experienced Myrtle Beach real estate agent.

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

Real Estate Agent Tips For Buying Your Dream Home

Purchasing a house will in all likelihood be the largest investment anyone makes in their lifetime. With that in mind, it only makes sense that you ensure that have the best information in order to make the very best decision possible. Don’t forget to hire a real estate agent to help you.

Real Estate Agent Tips to Make Your Dream Home A Reality

1. Do your research on the neighborhood.

There are certain aspects of the neighborhood you will want to investigate:

Are there good schools? Even if you are past the age of having children, you will want to consider this aspect for the future resale value of the home. High test scores are a good indication that this is a good neighborhood for families.

Is there convenient shopping? In the Myrtle Beach area, you will want to consider traffic patterns and the ease of getting to local grocery and drug stores. What is the crime rate of the neighborhood?

These are all things that indicate whether the home you are considering is a good Myrtle Beach real estate investment.

2. Hidden assets make your Myrtle Beach real estate investment a wise choice in the long run.

Look for homes with good insulation, central heating and air conditioning, and energy-efficient windows. Not only will this improve the resale value of your investment, but you will also save on your electric bill over the life of your Myrtle Beach real estate home. By paying a little more now for a home with these enmities, you will save money in the long term.

3. Never settle for less in your Myrtle Beach real estate investment.

You want a home that is perfect for you and your family. You have dreamed of what you want in a new home and maybe you have even posted photos of what you want on Pinterest. This is a huge decision that you will have to live with for several years to come. This purchase will have an impact on your lifestyle and your future finances. Do not compromise on your dream.

If you settle for Myrtle Beach real estate investment that is not exactly what you want in order to speed up the process, you will regret your decision in the long run. Take your time and don’t be pressured into buying a “good deal” when it is not exactly what you want.

4. Factor in your living expenses.

If you are currently renting, it is easy to look at the payment of the Myrtle Beach real estate investment and see that it is lower than your rent and assume that it is within your budget. You will also need to consider taxes and insurance that you are not currently paying if you are renting. Also, the utilities will usually run higher on a home than on an apartment or condo rental.

Be sure and consider future repairs and upkeep. You can’t pick up the phone and call the landlord when something goes wrong.

You will need to research the homeowner association dues. The majority of homes and condos in the Myrtle Beach area fall under some HOA. You will want to factor these dues into your monthly expenses even if they are due only once a year. What restrictions do they place on your Myrtle Beach real estate investment? Can they assess your property for items that affect the area such as the upkeep of common areas? How much can they assess you? An unexpected assessment can really through a wringer into your budget.

5. What are the prices of other homes in the neighborhood?

You don’t want to overpay for your dream home (even if it is exactly what you dreamed of!) Ask your Myrtle Beach real estate agent what other homes in the area have sold for recently. You will want to take into consideration additions to the home, such as a pool or a hot tub, but the offer you make on the home should be within the price range of others that have sold in the area.

While you are in the market for a new home, you will want to visit open houses frequently. This is a great opportunity to take a look at other Myrtle Beach real estate properties and learn about what makes them a good purchase. This will also give you some great home decorating ideas. The listing agent that is hosting the open house will point out the special features of the property and give you ideas on what to look for in other Myrtle Beach real estate properties.

Purchasing Myrtle Beach real estate is truly a part of the American dream. It is a huge investment and something that should not be taken lightly. Selecting the right home that also has the right price can be

Work with a Myrtle Beach real estate agent, like Cheryl Woodward, that has your best interest at heart and understands exactly what you need. Take the tips in the article and their great advice and you will soon be living in your Myrtle Beach real estate dream! Call Full Potential Real Estate LLC now.

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

Real Estate Negotiating – 4 Steps to Success

“Let us never negotiate out of fear. But let us never fear to negotiate.” (American 35th US President (1961-63),  Even the most famous recognize the need for the art of negotiation.  To be able to make a good real estate deal, you must develop the art of good negotiation or find someone who can do the negotiating for you.

Real Estate Negotiation

The real secret of being a successful negotiator is to help both parties obtain their goals.  To do this you must present your case in a businesslike way and close the transaction.  This can be accomplished in 4 steps.

1. The first step in any negotiation is to know your goal. If you have someone else negotiating on your behalf, make sure they understand what your ultimate goal is.  If your goal is to get the property at the lowest price, make sure you understand exactly what is involved to achieve that success.

Don’t be afraid to reevaluate your goals.  If during the negotiation process new details come to light that may allow you to obtain your goal by a different means, allow yourself the ability to explore the new details, don’t get stuck in your negotiations by being too rigid.

Once you are comfortable with your goals, and understand how far you are willing to go to obtain the property, you are ready to move to the next step.  However, even when you are comfortable with your goals, you must be flexible.  Remember there are two parties involved and the other party may present an option that could get you to your goal faster.  In real estate there are several ways to achieve the same desire.

1. There are two types of negotiations: Blind and Open.

In a blind negotiation you don’t know anything about the other party.  You do all the negotiation via a real estate agent or third party and don’t meet the sellers.  Keep in mind you may be dealing only with the other parties agent and they have their clients interest at heart.

In this type of negotiation your homework is very important.  Know the property, know the market, and know values so you are able to negotiate the deal that is best for you, or be able to walk away. Blind negotiations can be handled, but they are a bit more time consuming.

Open negotiations are a bit easier, but require you do be good at your homework.  In an open negotiation you may be working with a for sale by owner.  In this way you have access to a bit more information.

If during your negotiations you begin having problems on a particular point, such as price, do your homework.  Find out why the other party is buying or selling.  Knowing the other parties motivation can give you the upper hand.  For instance, if you know the seller or buyer needs to move quickly, you will then have a bit more leverage to work with.

What homework will help you in your negotiations?

1. Why does the other person want to buy or sell?
2. Who is the other person trying to impress?
3. Know the timing aspect of the transaction.
4. Verify the facts.
5. In the art of negotiating, it is critical to get started on the right foot. Do not try to antagonize the other parties to the transaction.  Be very neutral about the entire deal.
6. Don’t praise or criticize the property.
7. Don’t try too hard to buy or sell the property.
8. Don’t criticize the other parties to the transaction, including any agents involved.
9. Explain motivation without disclosing too much information.
10. Meet all deadlines or better yet be ahead of the deadlines.
11. Do not lie, rather say nothing.
12. Communication is the key to negotiation. However, too much talking can kill your negotiations.  Make your offers in a written contract and let the other party do the same.  Remember “lose lips sink ships.”

When you begin talking to the other party you will give away too much of your motivation.  You may think you can better obtain information from the other party about their motivation, but keep in mind it works both ways.

Now that you’ve learned the 4 basic steps to negotiating you are ready to go out and get the property you desire.  Keep in mind that not all negotiations turn into real estate deals.  Don’t be afraid to walk away from a deal that is not to your liking.  Otherwise you may well find yourself making very bad deals and wasting your negotiation skills.  Good luck and good negotiating.

Always work with a real estate agent that represents your best interest. Call Full Potential Real Estate today to work with professionals that can negotiate the sale for you.

Steps in Buying Homes For Sale In Myrtle Beach

Buying homes for sale in Myrtle Beach should not be a long and difficult process. The home buying process should be fun and exciting for the buyer, especially if this is his first time buying a home. Although the real estate market varies depending on the location where you are buying, there are general steps that you can follow to help make your home buying process smooth and successful.

Your Guide To Buying Homes For Sale in Myrtle Beach

1. Make an offer

As soon as you have found the best among the many homes for sale in Myrtle Beach, it is important that you immediately make yourself known to the seller. The seller should know that you are interested in buying. And you could do this by making a purchase offer and signing a legally binding real estate contract. These documents will tell the seller that you are not only interested in buying the house but that you are also committing to a home purchase transaction with the seller.

You should note, however, that the Myrtle Beach real estate contract legally binds you to commit to buying the house. Therefore, you should only do this when you are very sure about the house that you are buying. On the other hand, there are also contingencies that you can include in the contract to allow you to opt-out when necessary. Some of the contingencies you may want to include are property inspection, loan approval, disclosure review, and appraisal.

2. Request disclosure documents from the seller

These disclosures will include everything that you need to know about the house you are buying and the neighborhood it belongs to. Even if you already signed and submitted a legally binding real estate contract, you can always opt out of the contract after reviewing the disclosures and finding out that the house is not that suitable to your needs. Disclosures should include reports on problems and issues on the entire property, improvements, and repairs done on the house, and necessary repairs that need to be accomplished. Often, most issues will also be discussed by the seller’s agent even before you sign the contract.

3. Have a third-party appraiser confirm the contract price

However you plan to pay for the house – whether you are considering buying it with cash or via a mortgage loan, you will need to have the house appraised to confirm the contract price. If you are buying the house through a mortgage loan, the financial institution that granted your mortgage loan will send out an appraiser to confirm the home’s contract price. Note that the appraisal value will usually affect the approved amount of your mortgage loan.

4. Prepare for the property inspection

Aside from the appraisal, you should also have the entire property inspected by a licensed and trained inspector. All buyers looking to buy homes for sale in Myrtle Beach are entitled to have that house inspected from top to bottom. Consider this as your last chance to learn everything about the house and decide whether it’s suitable for you and your family. When having an inspector go through the house, come along and take note of the areas or parts that need repair or replacement. You can use these to further negotiate the price of the house or arrange to have the seller pay for or do the repairs before you close the deal.

5. Wait for the bank’s review of the property

The financial institution that granted your request for a mortgage loan will need time – usually about 30 days – to review the property and assess your loan application. What they will generally look at is the house’s title report and any liens recorded against or associated with the property.

6. Walk through the house for the last time before closing

This is important to make sure the house is still in the condition that you last saw it. Plus, this will also allow you to confirm whether or not the seller has appropriately completed the repairs that you have both agreed on after the inspection. You should also jot down any modifications and changes made to the house that was not there when you first inspected the house. Keep in mind that this step is necessary to ensure that you are getting the deal that you will pay for.

7. Schedule the closing

This is the last aspect of the entire home buying process. Both buyer and seller will have to sign the closing documents, either together or separately depending on how you schedule it. As the buyer, you are required to make payments on the closing day. Your real estate agent will help you to confirm how much you are required to pay before the date of the closing. This will prevent any surprises and unexpected fees to pay.

The home buying process will become much easier and less stressful if you work with a real estate agent. Give Full Potential Real Estate, LLC a call today and inquire about their professional assistance and learn more about homes for sale in Myrtle Beach.

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

Before Real Estate Purchase

Full Potential Real Estate highly recommends conducting research on the neighborhood where you are looking to purchase a real estate property before you make an offer. Keep in mind that this is where you will be living for the coming years and it is important that you ensure you will have a peaceful and comfortable life in the neighborhood.

This becomes even more important if you have children in the household. You want to ensure their safety and consider their needs are met in the neighborhood. Is there appropriate security in the neighborhood? Is it located near parks and other recreational areas? Is there a nearby daycare center where you can leave your smaller kids while you go to work?

Home buying is a huge financial investment that you make and you need to be entirely sure about the house that you are buying and the neighborhood that you are buying in before you sign the contract.

Researching the neighborhood not only entails searching through Google or browsing through the neighborhood’s website, if they have one. There are other simple things that you can do in order to learn more about the neighborhood before you make a real estate purchase.

Real Estate Buying Tips

Strike up a conversation with other homeowners in the neighborhood

Where else can you get first-hand information about the neighborhood than from its residents, right? So, the next time you visit, strike up a conversation with one of the resident homeowners. Introduce yourself and let them know you are planning to buy a home nearby and that you would like to learn about living in the neighborhood.

Inquire about any potential problems or issues that the neighborhood may have. There are lots of things you can ask them about. You can ask about any recent robberies (you can also check this out on your local news station website), garbage collection schedule, the best utilities to use, and even their recommended plumber or handyman to work with. Just remember to not be intrusive when asking your questions. Remember that you are seeking information and asking for their opinion.

Visit multiple times a day and on different days of the week

This is your best chance to get a feel for the neighborhood. This will help you determine whether or not you will feel comfortable and secure living in the neighborhood. Plus, this will help you adjust better and more easily when you move in should you proceed with buying in the neighborhood.

When you visit, the things you are looking for are the activities in the neighborhood at different times of the day and on different days of the week. You want to know when the noisiest part of the day is and when the busiest day of the week is.

Take a peek at the local neighborhood newsletter

You will know from your Myrtle Beach real estate agent whether or not the neighborhood has its own local newsletter. If it does, ask for the most recent copy. You are basically looking at the crime news and statistics in the neighborhood. This is particularly helpful if you have kids in the household. You want to ensure their safety and that they are going to grow up in a peaceful community.

Researching the neighborhood before making a purchase is just part of the process you need to take in order to ensure that you are making the right buying decision. Work with a trained and licensed realty professional to help you obtain all other information that you need to learn more about the property that you are buying and the neighborhood you are buying from.

Buying A Myrtle Beach Home For Sale: The Final Walkthrough

When buying homes for sale in Myrtle Beach, visiting the house once is often not enough for you to sign the contract and seal the deal. Many real estate professionals recommend visiting the house several more times throughout the home-buying process to ensure that you are buying the right house for you and your family. In fact, a lot of the real estate agents you work with will suggest going back to the house at different times of the day and different days of the week. This will allow you to see how the house looks and feels at different times. Also, it will give you a glimpse into the days and times when the neighborhood tends to be busy and noisy is an important factor if have small children. Aside from these, however, Full Potential Real Estate also suggests doing a final walk-through even after everything has been finalized and agreed upon.

Why do a final walk-through when buying Myrtle Beach homes for sale?

A final walk-through is necessary for buyers to ensure that nothing has changed in the house since your last visit. Remember what things you saw on your first visit that prompted you to pursue buying the house. This may include things like the new or recently repaired kitchen and bathroom fixtures or the spacious closet under the stairs. Doing a final walk-through will help ensure that what you saw in the house the first time you visited stays in the house until you move in. Aside from this, you also need to do the final walk-through to ensure that the seller has completed his part of the deal, particularly regarding repairs that you have discussed during the negotiation process. The house might need some minor repairs that the seller has agreed to do before closing and you will need to confirm their completion during the walk-through. The walk-through will also allow you to verify that the terms indicated in your contract have been met. Walk-through’s can be informal where you go through the house one last time checking off items on your list of things to check and confirm. It can also be in a formal setup where you go through the house with the seller or his representative checking each item off your list. Once done, you and the seller or his representative will both sign a contract to indicate the results of the final walk-through.

What you need to know about the final walk-through

The final walk-through is an important aspect of the entire process of buying Myrtle Beach homes for sale. This is often what seals the deal and establishes a stronger relationship between seller and buyer. It helps ensure that both parties are doing their end of the deal. You should know, however, that a walk-through is different from a home inspection. Although you will need to do some checking and inspecting to make sure all the previously agreed repairs have been completed, you will not have to check every single fixture and test every single plug and switch as you go through the entire house. A walk-through often takes a shorter time than an overall home inspection. Plus, you do not need to hire a professional for the walk-through as you can do this on your own or with the assistance of your real estate agent. It is important that you take a copy of the contract with you when doing the final walk-through. This can serve as your list of things to check as you go through the house. Alternatively, you can also make a list of things that you want to check. Here are some ideas on what to include in your list:

• Exterior damage to the home due to strong winds and storms that happened since your last visit.
• Fixtures and furniture that the seller has agreed to leave behind or as part of your purchase.
• Properly working outlets and light switches.
• Plumbing leaks that were not there when you first visited.
• Status of the repairs that the seller has agreed to do.
• Unwanted items or trash inside closets and cabinets.
• Disturbed lawn due to dug-up trees or shrubs in the backyard.

The final walk-through should not take too long. It often takes 1 to 2 hours. Remember that this allows you to ensure that you are getting the house that you paid for.

For professional assistance when buying Myrtle Beach homes for sale, call Full Potential Real Estate today and speak with their representative.

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

How To Call It Quits With Your Real Estate Agent

In reality, not all partnerships between a real estate agent and a buyer or seller last and achieve success. Sometimes, it just does not work primarily because the buyer or seller feels that their needs are not met or they have different points of view with their realtor. When they see the first signs of a collapsing partnership, which unfortunately happens after both parties have invested time and effort into the transaction, they decide to end the partnership and move on to find another realtor to work with.

Sadly, saying goodbye to someone who has been patient and committed to you and your needs is not easy to do. This is especially true if you have been working with the agent for some time now and it is only after several months – and after several failed transactions – that you realize you need another real estate agent in Myrtle Beach. To help you gently break this sad news to your real estate agent, here are some tips that you might want to follow, whether you’re buying or selling a home.

Calling it Quits With Your Real Estate Agent

If you are a buyer

A legal contract between realty professionals and a buyer is not common. Basically, a buyer and an agent do a handshake agreement. This makes saying goodbye to the agent should you find his services lacking and unsatisfactory legally easy. Here are some tips to make this even easier.

• Start slowly. Have a one-on-one talk with the realty agent. If you feel that things are not really working out and you have decided to end your partnership with the agent, the best way to do this is through a one-on-one talk.

• Provide constructive feedback. When talking with the agent, discuss what has not been working right. Talk about the things that you find lacking and insufficient. Allow the agent to explain their actions and decisions.

• Give the agent a second chance. Sometimes, when you come out clean to your agent and have told them what is lacking in your partnership, they are willing to change and improve. If you see signs that they want to continue with the partnership, give them a chance to improve and fix your partnership. Be sure, however, to have a deadline for the agent so you can effectively assess whether or not there has been an improvement.

• Be sure you are not already working with another agent before you end your partnership with your first agent. This is insulting and disrespectful to the first agent. You can consider looking for another agent, even setting up the first interview. But you should not begin working with a new agent.

If you are a seller

What makes the relationship of Myrtle Beach real estate agents with sellers different from their relationship with buyers is the legal contract that binds the seller with the agent. This listing contract often has a term on how long the relationship between seller and agent will last. And throughout the whole period of this term, the seller is not allowed to work or even consider working with another agent or realty company.

The first thing you need to do when you feel that the partnership with the agent is not working is to talk to the agent. Discuss the current state of your partnership. Be honest in describing your feelings toward his services. Most often, the agent will try to improve his performance until the end of the working term. Other times, however, the agent will agree to let you go. This is especially true when the agent also sees that the partnership is not going anywhere and needs to be terminated.

Avoid having to be in an awkward situation where you have to call it quits with your agent by finding the most efficient and most suitable agent to work with.

Call Full Potential Real Estate for a Myrtle Beach Real Estate Agent that will go above and beyond to help you buy or sell a home.

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

What Can Go Wrong When Buying Homes For Sale In Myrtle Beach

There are a lot of things that can go wrong when buying homes for sale in Myrtle Beach, especially if you decide to proceed on your own and without professional assistance. What is worse is that these mistakes can cost you thousands of dollars. At the end of the day, you waste your money, your time, and effort and you did not get the house that you want.

To avoid all this regret and frustration, what homebuyers like you should first consider after deciding to buy a home is to look for a licensed and trained real estate professional to work with. Full Potential Real Estate can provide you with the assistance that you need as well as guide you throughout the entire process of home buying – from house hunting to closing.

Aside from this, you should also equip yourself with more knowledge about the home-buying process. Listed below are the top mistakes when buying homes for sale in Myrtle Beach.

1. Failure to look at the neighborhood. Most homebuyers are keen to look for a suitable house for their family and sometimes not all the great houses are located in a neighborhood that is suitable to your needs. Thus, many homebuyers end up reselling the house they just bought after a couple of months as they realize the neighborhood is not appropriate for raising their children or leaving their kids at home when they go to work.

To avoid this, you should consider looking at the neighborhood when checking out homes for sale in Myrtle Beach. Experts highly recommend visiting the neighborhood at different times of the day, including at night, and on different days of the week including the weekends so you can get a complete feel of the neighborhood. This will help you determine when the neighborhood gets crowded with people and when it could get noisy.

1. Forgetting about the home inspection. Another important aspect of home buying that most buyers tend to forget is the inspection. Sometimes in their rush to close the deal for fear that another buyer might provide the seller with a better proposal, they immediately sign the contract as soon as they come to an agreement with the seller.

As homebuyers, it is your responsibility to ensure that you are buying a house that is comfortable and efficient, and to ensure this, you need to have the house inspected by an experienced home inspector. The inspector will look at and check all the major systems of the house, including electricity and plumbing. Every fixture will be tested if working properly. The inspection will help you determine whether or not there are repairs needed to be done on the house that the seller and his real estate agent have failed to inform you of. You can then use these to further renegotiate the deal. As a result, you got a better deal out of the house and you avoid spending a lot of money on the needed repairs. Remember that these are also the responsibility of the seller.

3. Falling in love with a house because of its décor. Keep in mind that the decoration of a house can be changed. There are many homes for sale in Myrtle Beach that are attractively decorated, from inviting and welcoming paint colors to shiny new tiles and cabinets. However, you should not focus on these when looking at a house that you want to buy.

You want to focus on the foundation and overall layout of the house, especially if you are buying for your entire family. If you have small kids, you want the house to have lots of free space where your children can safely play. If a member of the family loves to cook and your entire family prefers eating at home, you want to have a spacious kitchen where all of you can gather for meals.

1. Disregarding other costs of homeownership. The price of the house is not the only expense you will have to pay in the whole home-buying process. There are other costs that you need to spend money on such as the closing costs, homeowners’ association fees, property taxes, moving-in costs, a couple of months of utility bills, and more. If you fail to efficiently work on your home-buying budget, you will end up in bankruptcy after several months of moving in.

To avoid this, the first thing you need to accomplish is to get a pre-approved mortgage loan. Once you have an amount that you can work with, do not only consider the price value of the house when looking at homes for sale. Consider all the other costs of homeownership as well. This will help you ensure you will have money left to spend after you have moved in.

To ensure you avoid these expensive mistakes when buying homes for sale in Myrtle Beach, work with a trained and experienced real estate professional. Call Full Potential Real Estate now to inquire about their services.

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

Beware of Landscape Problems When Buying a Myrtle Beach Home in 2023

Looking to purchase a Myrtle Beach home in 2023 and you’re overwhelmed by options? You’d like a location that includes a nice spacious yard … however, beware! You may experience some unforeseen landscaping issues. Although they may not be offer breakers, the following landscape issues can effectively add to the cost of your Myrtle Beach home purchase price, along with adding a heaping helping of hassle.

Landscape Issues To Watch Out For When Buying A Myrtle Beach Home

Big Gorgeous Trees

In the Myrtle Beach area, large oak trees are beautiful and charming. They can be key factors when looking for a home to buy in Myrtle Beach. However, an extremely shady yard will make it hard to grow anything but trees. Turf, many flowers, veggies, and such require sun in order to prosper. Even worse, a large tree implies an expansive root system which can cause problems with underground water and sewage pipes. In addition, the roots can lift or crack driveways and sidewalks and contribute to foundation damage. As we experienced last fall with Hurricane Matthew, large trees can be uprooted and cause damage to roofs and crack windows.

A Completely Flat Yard

While a backyard that’s as flat as the proverbial pancake would make trimming the lawn a lot easier, this benefit typically comes at a cost. The soil surrounding your dream house structure will get filled during heavy rain unless the ground slopes gently downward away from the house, with a minimum drop of approximately 6 inches for every 10 horizontal feet of yard. When there is standing water it will seep into the concrete and can cause foundation fractures which can be a big expense. In most instances, insurance will not cover the cost.

A Steeply Sloping Lawn

The reverse of the previous issue, an excessively sloped yard can be as bothersome as a flat one. Slopes of more than forty inches for every ten feet will wear down the soil. This will make producing a lush lawn tough and might lead to gullies causing loss of soil and possible damage to the foundation which will make the structure vulnerable to collapse. Plan to budget for maintenance items like retaining walls, dry creek bed, or terracing if your mind is set on buying a Myrtle Beach home with a sloping lawn.

Patches Of Brown, Yellow, Or Bright Green Turf

A lawn that resembles a patchwork quilt might be the result of one of a variety of factors. Abnormally green or yellow spots could be the result of neighborhood stray dogs using the grass as their individual release area. Or it could indicate something more serious, like rocks under the ground or even a harmful chemical spill. Brown circles, also known as “fairy rings,” suggest fungi in the soil, which might need removal and replacement of the affected location. Lastly, splotches of brilliant green growth might be reasonably innocent– the result of irregular yard fertilizer application– or a warning for septic tank failure.

A Swimming Pool

Buying a house complete with your very own private pool might look like the ultimate high-end however facts be told, this hardscape feature may wind up being more problem than it’s worth. A backyard pool takes up a great deal of functional backyard space and you should budget for additional monthly upkeep costs such as electricity for the pump to filter the water, time for vacuuming, chemical balancing and sanitizing, and optionally, heating the pool. Some additional expenses to consider are security fencing, an increase in property taxes, and additional insurance protection.

Full Potential Real Estate, LLC has the experience to guide you in what to look for in a new Myrtle Beach home. Call us today to discuss what you are looking for and let us steer you in the right direction.

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

A To-Do List Before You Buy A Home

The process involved when you buy a home is truly exciting for first-time homeowners. Browsing through photos of all the different houses for sale, contacting the seller or owner, and visiting the house are just some of the first things that come to mind after deciding you want to become a homeowner. The most fun part for you in the process is imagining yourself in that new home you’re looking at….no doubt a great inspiration!

There are a couple of things a homebuyer should do before browsing homes for sale, however, and these things primarily focus on preparing yourself financially. According to experts, mortgage loans today have become more complex with more restrictions and requirements.

Homebuyers need to provide more proof that they can afford to buy a home in Myrtle Beach. This does not only benefit lenders and home sellers–it’s also meant to benefit buyers, particularly to help protect them from bad lending practices. It’s so easy to get caught up in the moment and go into debt with a mortgage you can’t really afford. In the past, banks and lenders have not been very responsible in preventing this, which is ultimately what led to the housing market collapse in 2008.

This is why it is important for most of today’s homebuyers to be able to secure their finances and prepare financially before jumping into the fray of the housing market.

Here is a simple to-do list to help you be financially prepared before you buy a home

Finish tax filing

Keep in mind that one of the things that a lender looks at is your most recent tax returns. The primary reason for this is because this is the most legit document they can look at to confirm and verify your income and financial eligibility in buying a home. Although you will show lenders other alternative documents to prove your income, banks will still want to have a copy of your latest federal tax return.

Secure other important financial documents

These are primarily the documents that show your income for the last two years. Basically, these are the alternative documents that banks and lenders will look at to verify and confirm your income along with your tax return. These include W-2s, previous years’ tax returns, and, if you are self-employed, 1099 forms from the IRS to show your self-employed income.

Also, if you have a family business where you are the owner or co-owner and which is also a source of your income, you will have to prepare copies of corporate tax returns for the past two years. Keep in mind that to be able to prove that you can indeed buy a house and pay for the loan and mortgage insurance, you will need to show proof of all your assets and sources of income. The more assets you show, the better you will prove your financial ability and the easier you will get loan and mortgage approval.

Aside from proving you are financially capable of paying for the loan and mortgage, these financial documents will also help prove that you will not be financially drained after buying a house. In fact, your debt-to-income ratio should not exceed 43 percent so you still have enough reserves for your other expenses such as insurance payments, utilities, and other homeowner’s fees.

Fix your credit report

Your credit score is one of the most important factors that lenders and banks look at to determine whether or not you are able to afford to buy a home in Myrtle Beach. Most experts suggest doing this at least 6 months to one year before your home purchase. This will give you sufficient time to improve your credit score and further impress lenders and banks.

Aside from improving your credit score, however, you also have to work at finding credit report errors and having them fixed. Keep in mind that credit report errors do happen, and it is up to you to check your credit reports and look for these errors, including missed incomplete or late payments. If you have kept all your receipts, you can easily prove this. Note that fixing these errors may take up to 3 months, so you need to do this earlier to ensure your credit report is error-free.

Research home prices and know how much they can afford

After securing your financial documents, you know how much money you have to work with for buying a home. With this information, do some research on the current home prices of the areas where you plan to buy. Note that the housing market in Myrtle Beach may be different than other areas.

Knowing home prices and how much of a loan you can qualify for, makes it easy for you to look for that perfect house. Additionally, this will also help you make a smarter decision on how much to offer on the house that you are looking to buy and outbid other potential buyers.

Preparing financially is necessary to make the home buying process easier and less complicated. Do it correctly and you will save yourself from days of frustration, stress, disappointment, and pressure, which take out all the fun and excitement that you had when you first decided to become homeowners.

For professional assistance in buying a home in Myrtle Beach, call Full Potential Real Estate, LLC now and inquire about their services.

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