Is it possible to sell your home in an extremely competitive market? The Real Estate Agents at JP Real Estate Experts say “Yes!” However, you as the home seller must be willing to take action and help your realtor attract the right buyer. You have probably noticed “for sale” signs springing up all over the Myrtle Beach area and it is not simply a matter of hiring a realtor who simply puts a sign in the front yard, enters your information in the multiple listing services and then sits and waits for a buyer to find you.
Today is a buyer’s market and it is essential that you as the seller be more aware of the actions that need to take place prior to putting your home on the market. In some cases it may be the wiser choice to keep your home off the market until your home is prepared for sale. There is an old saying that says “You don’t get a second chance to make a first impression.” A potential buyer may not come back after you have added that fresh coat of paint. So the question is, “How do you prepare your home for a competitive market?” Here are some pointers for local Myrtle Beach Realtors that list the essential steps to list your home and get it noticed and sold.
The Right Myrtle Beach Realtors
You don’t want to rush into choosing the first realtor you meet or use a Myrtle Beach Realtors just because they are a friend or you know them from a networking group. The market is too competitive to make the mistake of hiring the wrong Myrtle Beach Realtors. Take the time to interview more than one agent in order to select the agent that best fits your circumstances. You will want to begin with some basic questions (click here to download a form that will give you some ideas.) A few of the things you should find out are:
- Do they have a marketing system?
- Are they listed on the internet?
- Can they provide you with a list of references?
- Most important – how will they communicate with you during the process?
You are looking for Myrtle Beach Realtors that truly understand the marketplace in your area. You want a Myrtle Beach Real Estate Agent that is not concerned with simply appeasing you by listing your home at a price that will not sell but is interested in working with you to get to a fair price. An agent that understands what it takes to sell your house in today’s market. In other words, you want a straight-talking Myrtle Beach Realtors that will be fair and honest but with whom you can also build rapport and communicates with you. If you have this in an agent, you have the key to success.
Repairing Your Home Before Listing With Myrtle Beach Realtors
Now is the time to really take a look at your home and prepare it for sale. You may want to hire a home inspector to do a “pre-inspection” of your house. This inspection will help to identify any problems or defects that will show up later when the final inspection is completed before going to closing and possibly delaying or canceling the closing. You want a potential buyer to come back more than once to view your home. By addressing any defects and having them corrected, you are increasing the chances of a “second look.” As an added bonus to prospective buyers, you can leave a copy of the pre-inspection report out while they are viewing the house and it can also be added to the multiple listing services. This gives buyers peace of mind knowing there are no unseen defects. Be sure and let our Myrtle Beach Realtors know that you had a pre-inspection and give them a copy of the report.
Remember the little things. It’s not just about whether or not the air conditioning works or if there are cracks in the foundation. A potential buyer will notice a broken light switch, doors that squeak, a toilet that runs. This may seem trivial, but these are things that through up a red flag to the buyer that indicates a deeper problem. You will want to hire a handyman to go through your home and fix any defects. Your Myrtle Beach Realtors will also make recommendations on things you can do to make your home more appealing.
Check Curb Appeal
Take a good look at your landscaping, entry way and outside lighting. These are all keys to selling your home in a buyer’s market. You would be surprised at the impact something as simple as your front door has on someone who is seeing your home for the first time. You may think this is trivial but in todays market the buyer rules. It is amazing the impact of a few flowers and a fresh coat of paint on your door can have.
Your goal is to have the buyer come back for another look because they were welcomed by the first impression your home made on them. This can make the difference between Myrtle Beach Realtors “For Sale” Sign and a “Sold” Sign in your front yard. Myrtle Beach Realtors will post pictures of our home in several areas on the internet, added to flyers and printed in real estate publications. Simple things like trimmed shrubbery, a neat entrance and potted plants can make the difference to a buyer browsing the internet. A photo is not forgiving and will show up the flaws in your curb appeal. You can’t cover-up peeling paint or dead shrubs with a great description.
Staging Your Home Before Listing With Myrtle Beach Realtors
I know that you are emotionally attached to the many photos that are scattered throughout your home but you need to look at our home from a buyer’s point of view. You may love your colorfully painted walls but not everyone cares for a multi-colored house. You may have your kids rooms perfectly decorated in their favorite animated character, but not everyone has kids. Think about investing in a neutral tone paint to cover up the multiple colors. A recent study by HGTV showed that painting your home has a 300% return on your investment.
You may also need to consider rearranging furniture and getting rid of or storing unnecessary pieces of furniture to give the room a more open feeling. Pack away knick-knacks, personal photos and kid’s creations. You may consider hiring a professional stager to help you clear the clutter. Your Myrtle Beach Realtors can give you a recommendation. These experts are specially trained in seeing your home through the eyes of a buyer. This will help you to take yourself and your attachment to your décor out of the equation.
In today’s buyers market that is saturated with home inventory it is important that you as a seller take a proactive approach to selling your home. Once your home is ready for sale, contact two or three Myrtle Beach Realtors and sit down for an interview. If you have taken the time to prepare your home for sale, the agent can market your home in a way that guarantees success.
Our Myrtle Beach Realtors are here to serve you the home seller. We will be honest with you and make sure the lines of communication are always open. Here is what one of our clients has to say:
“We had our condo previously listed for over a year with another agent. Jerry had our condo sold in 35 days! Wow what an incredible job!” Tien, North Carolina
Call your Myrtle Beach Realtors today at 843-839-9870.
Jerry Pinkas Real Estate Experts
854 Jason Blvd #G, Myrtle Beach, South Carolina 29577
Your Myrtle Beach Realtors
Everyone wants to save money especially when making huge investments such as purchasing a Myrtle Beach home. Buying a Myrtle Beach home is not something to be taken for granted. This is an important financial investment that you would have to commit with for several years. Because of this, it’s important for you to generate savings as you buy the house. You’ll reap the benefits of this as you continue to pay for your house.
Here are some simple tips to help you save money when making a Myrtle Beach home purchase.
1. Convince seller to pay for closing costs
There are sellers that actually pay for their buyer’s closing costs. This is especially true if they want to sell fast. All you have to do is ask them nicely. Sellers may choose to pay a portion or all of the closing costs.
2. Hire a professional Myrtle Beach real estate agent
Working with a Myrtle Beach real estate agent may seem like an additional cost to you. In reality though, you are bound to generate more savings than just the costs of hiring a professional. Keep in mind that real estate agents have resources for the best Myrtle Beach home deals and are well-informed in the ins and outs of a home purchase process as well as real-estate law. As a result, they can offer professional guidance and support in every decision you make while you are in the home buying process. In most instances the Myrtle Beach real estate agent will be compensated from the sale of the home.
3. Timing is Key
If you want to save more money in a Myrtle Beach home purchase, you’ll have to analyze the current state of the housing market. You need to wait for the right timing and for the right condition of the market. According to real estate professionals, homebuyers can save more when they buy during a buyer’s market.
4. Look for bank owned properties
If you don’t want to wait for when the market will change into a buyer’s market, you can opt to buy bank owned properties. These properties have been foreclosed and banks are in a hurry to remove these properties in their possession. Most banks repossess properties as soon as reclaiming them without even giving the previous homeowner to get his house back.
Because they seem in such a hurry to get rid of these houses, you can make a great deal with lots of savings. This puts you at a great advantage and you can actually request for a deep discount, which is more savings for you!
Indeed, a Myrtle Beach home purchase is not an easy task. It can become costly and you may end up spending more than actually saving money. To ensure you make a great home buying deal, consider working with real estate professionals.
Call Jerry Pinkas Real Estate Experts now to learn more about a Myrtle Beach home purchase.
Jerry Pinkas Real Estate Experts
853 Jason Blvd. Unit G.
Myrtle Beach, SC
Your Myrtle Beach home buying experts!
Our last article talk about some reasons to use a Myrtle Beach Real Estate Agent when you sell your home. Now we will take a look at reasons you should use a real estate agent when buying a home.
Whether you are a first time home buyer or you are selling your family home and downsizing for retirement, buying a home is stressful. Utilizing a Myrtle Beach real estate agent can help to reduce the stress and make the overall transaction to a lot smoother.
Tips For Using a Myrtle Beach Real Estate Agent When Purchasing
1. Keep in mind that this is actually a free service to you as the buyer is not the one paying the agent fees in most cases. The commission earned by the agent is actually paid by the seller or in the case of a foreclosure, by the bank. In most transactions the commission is taken out of the sales transaction at the time of closing.
2. Real estate agents have access to online tools such as the Multiple Listing Service which is not available to the general public. The MLS services gives an agent access to all of the listings in your area and provides information such as taxes, the length of time the property has been on the market, any price changes and features of the home that would not be available to you as a buyer.
3. This point is huge if you are moving to Myrtle Beach from out of the area – agents have firsthand knowledge about the area. A agent can fill you in on the area schools, local activities and other pertinent points about the neighborhood.
4. Most people are not good at negotiating and having a Myrtle Beach real estate agent on your side can help you get the very best price for your dream home. Not only can they negotiate on the price, they can also ask for closing costs to be paid, repairs to be done or a paid home inspection. They can also negotiate for items to be left in the home such as appliances or washers and dryers. It is the buyers agents job to get you the best deal possible.
5. By working with a Myrtle Beach Real Estate Agent you can keep the deal going on your ideal home. There is still a lot of work that needs to be completed after your offer has been accepted and before you go to closing. This is a short period of time to ensure that everything is in order and you won’t be left with any last minute surprises. Your Myrtle Beach real estate agent can orchestrate and track all of the tasks.
It is time to stop dreaming and go in search of your dream home. Give us a call today – we know the area and can find the perfect Myrtle Beach home for you and your family.
If you are considering selling your home, you may be considering selling it yourself rather than hiring a Myrtle Beach Real Estate Agent. If you are not sure of the benefits of using an agent, then this article will be of help to you.
In a 2011 profile of sellers and homebuyers which was produced by the National
Association of Realtors indicates that For Sale By Owner (FSBO) listings accounted for approximately 10% of all home sales on average. The report also indicated the average sold listing for an FSBO was $150,000 as opposed to an agent assisted sale for $250,000. Many homeowners considering selling their homes believe that they can save money if they sell their homes themselves only to find later they were mistaken. Selling a home appears to be easy but many homeowners who are considering FSBO don’t understand all of the ins and outs of selling a home. The Profile of Homebuyers and Sellers indicates that the most difficult tasks for FSBO are:
- A clear understanding of today’s housing market and listing their home at the right price point.
- Lack of knowledge of the paperwork and how to correctly prepare the documents.
- Underestimating the time needed for all phases of a sale. This includes proper marketing both on the internet and offline, showing your home to prospective buyers, keeping up with correspondence regarding the home.
- Where to spend your money to prepare your home for sale.
- Knowing what is a reasonable time frame to expect to sell your home.
A Myrtle Beach Real Estate Agent Will
1. Although you may feel that you are saving money, a Myrtle Beach real estate agent is worth the commission you will pay. When you think about all the things that an agent can do for you from the minute your home is listed until it sells, the commission is money that is well spent. In many instances an agent can sell your home much faster than you could do it on your own.
2. An agent that lives and works in your area will have a better understanding of the market. They understand home values, the benefits of living in your area and the local competition.
3. A real estate agent knows how to sell a home. This is their job and if they don’t do a good job they won’t last long. Ask the agent to give you the names of other home sellers that have worked with recently and then give those homeowners a call. In the current economic market, selling a home takes experience and dedication. You want someone that knows how to attract buyers.
4. A good agent will be able to tell you what you need to do in order for your home to sell. You want an agent that will be honest with you and give you advice on staging your home, making any necessary repairs or simply de-cluttering your home for a quick sale.
5. A local agent can list your home on the MLS where it is accessible to all the agents in the area. This is a tool that is only available to a licensed real estate agent and allows them to get your home in front of thousands of prospective buyers through their buyers agent.
6. A Myrtle Beach real estate agent knows how to effectively market your home. They will know how to promote hour your home on the internet, distribute flyers in the neighborhood or hold an open house.
7. A seller’s agent will represent you in any negotiations. Their job is to ensure that your interested are protected at all times.
Selling a home is one of the most stressful decisions a person will make in their lives. If you are selling your existing home, a Myrtle Beach real estate agent can help protect your interests and potentially increase the amount you are able to receive for your home while saving you money in marketing your home.
Jerry Pinkas and his team would love to assist you with selling your home. The market is improving and now is the time to investigate the possibilities. Give us a call today, we are your Myrtle Beach Real Estate Agent.
We are in the midst of the holiday season and buying a new Myrtle Beach home or refinancing your current mortgage may be the last thing on your mind. However, if you are one of the fortunate that have equity in your home, this may be a good time to refinance or consider selling your home and either upgrading to a larger home or downsizing if you children have moved to their own homes. There are several pieces of legislation on the floor of Congress that may affect the housing market in 2013 and now is a good time to take a close look at your mortgage situation.
Regardless of whether you are refinancing your mortgage or buying a new home, your financial institution will require that you lock in a rate on the total amount needed no later than 5 days before your closing date.
This is referred to as a mortgage rate lock and it guarantees the interest rate for a specified period of time which will determine the length of time you have before settlement. You will want to make the time long enough to ensure you are not scrambling t meet the requirements and not add more costs to the closing.
Myrtle Beach Home Mortgage Rate Lock
Black Friday was yesterday and many folks in Myrtle Beach were out looking for great deals. The same holds true when you are shopping for a mortgage and comparing rate locks.
- A 15 Day Lock – will provide a rate at the lowest cost. For this short term lock, the mortgage loan will need to be approved by an underwriter.
- A 30 Day Lock – this is the most common lock and can be done before the actual approval of the loan.
- A 45 Day Lock – is used with transactions that take longer such as new construction loans and can be obtained whether or not the loan is already approved.
- A 60 Day Lock – used under circumstances where there may be a longer period between the approval of the loan and the closing. Out of state borrowers will often seek this type of lock to allow for travel time.
The shorter the time period of the lock the better interest rate for the borrower since the lender has less risk.
As mentioned, the longer the rate lock period, the higher the interest rate and this can vary as much as .25 percent.
The mortgage holder is taking more risk with longer periods such as the 45 or 60 day lock and the cost of closing may increase. For example, if the rate today is 3.25% on a 30 year fixed mortgage for a 30 day lock, the rate may rise to 3.50% for a longer rate lock. This will add a significant amount to the interest you pay over the length of the mortgage for your Myrtle Beach home.
There may be an extension fee built into the agreement if you take longer than anticipated. If the actual transaction takes 32 days rather than the 30 day rate lock period, there may be a ½ discount point added to the loan amount. On a $300,000 mortgage this would mean an additional $1,500.
Shop Around For Myrtle Beach Home Mortgage
Just like shopping for those great Christmas gift bargains, you will want to shop around for a mortgage lender. Never be afraid to let the lenders know that you are comparison shopping and that you are open to locking in an interest rate if it is reasonable and fair. This keeps the financial institution competitive.
Every lender is regulated by tight restrictions from Freddie Mac and Fannie Mae which means that simply locking in an interest rate for a Myrtle Beach home does not guarantee that your loan will be approved. Making sure that your lender has all of your financial data will help improve the odds of actually being approved and going to closing on time.
When working with mortgage companies send your income and asset information and credit history to ensure that you actually qualify for the amount of money you are seeking. Then get a rate quote upfront and make sure that the overall payment is one that you can live with.
Jerry Pinkas Real Estate Experts have been serving the Myrtle Beach are for over ten years. They know real estate and how to best sell or buy a home or condo. Give us a call at 843-839-9870 we will be happy to help you with any real estate transaction.
Prior to the recent real estate market downturn, it was wise advice to tell home owners to wait for a minimum of five years after the initial purchase of a home before you attempt to sell your Myrtle Beach home. But with the ups and downs of today’s market, the old rules of real estate simply do not apply in all situations. With this unpredictability comes a different forecast regarding the market from a variety of sources. However, there are still time tested tips that can help you decide when the best time to buy is and the best time to sell.
In the past most people, especially first time home buyers, relied on their financial circumstances when buying a home. Although it is important to consider your finances when buying, there are several other factors to take into consideration. Life changes such as retirement, new additions to the family and job situations all have an impact on the purchase of a new home.
Some questions to ask before buying a Myrtle Beach Home:
- Will you be retiring in the next five years and possibly relocating to a warmer climate or moving to be closer to grand children?
- Do you plan to expand your family in the next five years?
- Will you have children moving out of the home in the next five years?
- Do you currently have a low credit score and are there things you can do in the next five years to improve your credit?
If the answer to these questions is “yes”, then you may want to consider waiting for a while before you consider purchasing a new home. Although we cannot predict the future for real estate, you can often predicate upcoming changes in your circumstances which will make waiting a wise decision.
Things to consider with finances which are a very important aspect of buying a home:
- Will your income be higher or lower in five years?
- What is your current debt level? Could you decrease or eliminate debt in the next five years?
These are things that will affect your interest rate and sometimes the term of your mortgage. Now may not be the best time to take on a new mortgage that comes with purchasing a Myrtle Beach home.
Regardless of your financial position, it is a good idea to meet with a financial consultant or mortgage broker to determine what is the best option for you and your family. By taking a few precautionary steps you can avoid future financial disasters. With the right advice buying a new home can be a pleasant experience and one that will keep you secure into the future.
JP Real estate experts are here to help you determine if now is the right time to buy or sell your Myrtle Beach home. Call us today – we are here to serve you.
Myrtle Beach Home Buying Exerts
This might not seem like the ideal time to talk about investing in Myrtle Beach real estate, but property prices have gone down and it’s actually a very good time. Just think—you could be planning and sowing your seeds for future profit for the time things do return to normal with supply and demand—and they will. Most people have frozen now and are not seizing the moment. Here are four great ways to make that profit happen!
Four Ways To Plan For Myrtle Beach Real Estate Profit
Profit from real estate cash flow. Seems pretty easy—collect rent on a property you buy, right? But more is involved here. You should be familiar with the area you want to invest in or be working with a person who does. You need to be aware of factors like growth in the area, the rate of vacancies, and the trend in Myrtle Beach real estate taxes. Don’t forget to consider things that could affect your profits, such as nearby construction, employment rates in the area, and growth of population. You also should factor in expenses such as repairs, even big ones, insurance, maintenance costs, and taxes. These are especially important if you are using financing rather than strictly cash. Of course, the main thing to look at here is actual price of purchase. As with anything you invest in, you want to get the lowest price possible so you can sell at the highest price possible. It’s not only about appreciation, as so many people have found out the hard way during the Myrtle Beach real estate bubble!
Real Estate Appreciation Profit. Think about two kinds of profit here—The first kind would be based off economic circumstances in the area, such as large population growth or being an area where many people are moving to. In this case, demand is bigger than supply, opening the door for great profit. Systematic inflation profit, however, is not really anything you can do to affect one way or the other; it’s just things like cheaper financing and it’s passive. There is also forced appreciation, which is when value is added to your property from something you have done to improve it. Buying a run-down fixer upper, doing the renovations to flip it for a profit is forced appreciation.
Real Estate Profit From Depreciation. It’s actually the tax code that causes this kind of profit. When the value of an asset is reduced from wear and tear, it is considered a non-cash expense type of depreciation. It’s assumed that you are saving money toward replacing that particular asset (real estate). After dividing up a building’s value, part of the earnings you receive will have a portion of that value subtracted. The tax deferral that results can then be useful in the generating of earnings, which are tax-free. You should speak with your tax attorney about the ways you could maximize this area of the tax code.
Equity Profit. If financing is what allowed you to purchase a property, then each of your payments help bring down the outstanding balance of the loan. Hopefully, you planned carefully for the potential revenues, expenses and the purchase price and you’ll slowly be gathering equity and ultimately making your net worth increase. The best outcome would be to own the property as an asset that you can later sell for a nice profit. Your tenants will hopefully be giving you good profit as well.
Myrtle Beach real estate has always been a very profitable business and will always be. But it does require some homework and effort in understanding the market you are getting into. It can be a risky venture, but with informed decisions, can also really pay a great profit!
If you’re interested in learning more about how you can profit from Myrtle Beach real estate investments, call Jerry Pinkas today! We would love to answer your questions.
Visit our investment site – MBCondoExpert.com - for great real estate investment tips.
854 Jason BlvdUnit G Myrtle Beach, SC 29577
Your Myrtle Beach Real Estate Specialists!
If you are thinking about buying a new home, a common thought among buyers is “why do I need a real estate agent when I could do this on my own?” And the answer is that you could do it on your own, but there are many reasons why you should rethink that strategy. The negotiations, home showings and of course, the search itself, could technically all be done on your own, but there will be very important aspects that will be missed due to inexperience in the field.
One common misconception with home buyers is that you have to pay a huge broker’s fee to a real estate agent. That is simply not true. It’s not the buyer who pays the broker fee, but rather, the seller.
A Real Estate Agent Gives You More Options
You need to understand that your options will be much more limited by choosing to do it on your own. For instance, only homes that are “for sale by owner” are available for you to buy without assistance from a real estate agent. Those homes are usually a very small piece of the overall housing market. These homes are for sale by owner because the owner either didn’t want to pay an agent commission by listing it, or the agent chose not to take it on due to unreasonable pricing set by the owner.
Other things to consider is that research has found most “for sale by owner” homes to be valued the same, if not higher, than the agent. Having a real estate agent is critical because they will do all the homework for you, such as getting an accurate appraisal for the house, finding out what other homes in the area are worth, etc. The agent will be able to find out what the home is worth and if the asking price is fair or reasonable. Without an agent’s assistance, you would need to know how to get your house appraised, as well as understand how to set a reasonable asking price. Is it really worth the time, effort and money to try and do all this just to save a relatively small amount of money?
Another great benefit to having a real estate agent on your side is their ability to e-mail you a list of available homes that meet your criteria, their system will automatically send you updates as they happen, keeping you abreast of all your options as they become open. If you don’t want an agent calling you with updates frequently, then you can choose to just receive emails and still be kept in the loop that way. Then you just call your agent and request more information if you see something you like. This approach makes certain that you know immediately when something comes open.
The commission that an agent receives from the seller is not generally a fixed percentage by law and can be negotiated. Once a property goes on the MLS (Multiple Listing Service) by an agent, it then makes it available for many other agents to have access to it. The listing agent can then give incentive for another agent to try and sell it as well by offering ½ of his negotiated commission to that agent. It’s a win-win for everyone because it’s all about getting the house sold as quickly as possible.
The bottom line here is that it is truly in your best interest to have a buyer’s real estate agent. It doesn’t cost you anything and takes all the liability off your hands. It is far better to trust the professionals when it comes to such an important decision!
Your Myrtle Beach Real Estate Agent When Buying a Home
When it comes to selling or buying property, you really need someone who knows what they’re doing to help guide the process. While you might think you could just as easily get it done yourself, using an experienced realtor can not only speed things along, but also get you the best possible profit. They have studied the various buying and selling techniques and they know and understand the market in your area. So many factors go into successfully closing a property sale of any kind—it just makes better sense to trust a pro to help get you the best outcome!
Some Great Reasons To Use A Real Estate Agent
They save lots of time. Think about all the listings you would have to pour through, the paperwork that must be completed and all the legwork that comes with closing the deal. They have fast access to the properties that would only fit your budget and needs and can skip over the rest.
Whether you are buying or selling, a real estate agent can take care of making appointments to show or view a house, as well as knowing how to get the quickest exposure to potential buyers if you are selling.
They will handle all the negotiating with other parties. You will be able to just sit back and let them handle the money talk. They too benefit from top dollar sales, so they will be fighting to get the best price possible. Because they know on the front end exactly what your needs are, pertaining to amenities, budgetary concerns, school districts, area of town or even the home’s history, you can trust that they will find suitable options much more quickly than if you tried to venture out on your own.
Whether you are buying or selling, using a qualified real estate agent will make your life much easier! You have enough stress with packing, moving and looking for a new place, and the last thing you need is more waiting or looking for the perfect home! Call us today and see how we can help you—we’re happy to answer your questions and show you anything that will help make your experience of buying or selling more pleasant, and certainly, more profitable! Please feel free to leave your comments below.
Selling your home is a challenge any time of year but the fall presents some extra challenges. The key to selling Myrtle Beach real estate and reducing stress is knowledge. The more you know about the selling process the more successful you will be.
Selling Myrtle Beach Real Estate Tips
Be flexible. This especially holds true when it comes to times when your home can be shown to prospective buyers. Many young families have schedules that are stretched with kids school and sports schedules. You may need to open your home on weekends or later in the evening for an interested buyer.
Often even a small change can make your home more attractive. For example, putting modern pedestal sinks in a powder room will give it a modern look and add space. Add fall touches such as pumpkins and mums on our front porch or entry way. Hire a handyman to power wash the siding and give it a fresh look.
While your home is listed, make sure that counter tops, cabinets and closets are free of clutter and organized. We hate to think about it, but a prospective buyer will look in every corner and crevice of the house. Clutter can imply that the home is not well taken care of and raise a red flag in the eyes of the buyer.
You need to remove your feelings about your Myrtle Beach home from the sale of the house. If the idea of having to negotiate with a buyer or possible critical remarks about your home will hurt you then you definitely need the help of a Myrtle Beach real estate agent. They have the experience when it comes to negotiating and can make the selling process much less stressful for you.
Everyone has their own taste when it comes to decorating their home. If you have wallpapered or textured walls, popcorn ceilings or brightly colored walls then you may want to consider making some changes before you put your home on the market. An objective Myrtle Beach real estate agent can make great suggestions on the top items that need to be changed prior to listing to ensure that buyers will be interested in your property.
With the internet and virtual tours, many Myrtle Beach real estate agents are getting away from open houses. However, this may be a great avenue for you and your Myrtle Beach home. If your agent determines that an open house might be of benefit, then you and your family want to vacate the premises and leave the details to the agent. Sellers that “hover” over prospect buyers touring their home are a real turn off. Plan a family adventure and stay clear of your home during an open house.
We hope these tips have been beneficial for you but the best tip of all is to contact your Myrtle Beach real estate agent when you decide to list your home. They can provide you with great tips to make the selling process much smoother. Remember, knowledge is the key and an agent that is familiar with your neighborhood is your best source of that knowledge.
Have you finally landed that dream job but you need to sell your Myrtle Beach home and relocate your family? Are you tired of making high mortgage payments and want to downsize to a condo? Have you found that perfect retirement community but now you need to sell your home in the north? Fortunately there is a proven way to maximize the price you receive for your home and sell it quickly.
No you can’t control interest rates or the inventory of homes on the market or any other economic issue that affects the market there are variables that are within your control. Some of these variables we have covered in previous posts but we thought it would be a good idea to review them all in one post. These items will have a direct effect on how quickly you can sell your Myrtle Beach home and for how much. These variables will influence how a potential buyer perceives your home and will help to guarantee a sale for the highest price in the least amount of time.
There are several key variables that directly contribute to the desired outcome for the sale of your Myrtle Beach home. Your ultimate goal is to increase the perceived value of your home in the current market. Think of it this way, if there are 60 homes on the market in your price range and if 12 homes are selling each month on average, you have a 20% chance of your home selling in the next 30 days. Your ultimate objective is to position your home to be one of those 12 homes.
Factors That Affect The Sale Of Your Myrtle Beach Home
Condition. You will need to walk through your house one room at a time and make a thorough list of items that need to be addressed. Are the carpets in need of cleaning? Or replaced? As you go through each room ask yourself what could be done to make the room look it’s very best. As you make your list you need to analyze if the repair will bring a positive return on your investment. Remember that your goal is to sell your Myrtle Beach home for the highest possible amount but you don’t want to spend more than you can expect to get back in the final sale.
Lifestyle upgrades. Is there anything you could do to make your Myrtle Beach home dramatically stand out from the other 60 homes that are listed in your price range? Could you upgrade the light fixtures? Would decorative concrete in the Carolina room make it really appealing? Is there anything you could add that is not in other homes in your price range and still get a good return on your investment? Are you in an area that is attractive to retirees? If so, you may want to add rails in the bathroom area.
Staging. This is the concept of adding décor to your home that would normally be found in homes in a higher price range. Your goal with staging is to tell a story as the potential buyer moves from room to room. You are portraying a lifestyle that is appealing and desirable.
Presentation. Take a close look at your home through the eyes of the buyer. We have talked about this in other posts. Start at the curb and walk toward your home like a buyer. Engage your senses. What do you smell? What do you hear? What do you see? You want to stir up positive emotion in the buyer.
Pre-inspection. You always want to be in a position to negotiate from knowledge. Share the results with a potential buyer to give them peace of mind about your home. This will prevent them from making a low offer for fear there are unknown repairs.
Home warranty. This will give the buyer comfort knowing that if there are any major repairs in the next 12 months they will be covered. You will be surprised at how affordable Myrtle Beach home warranty insurance can be especially if you have taken the precaution of having a pre-inspection.
Pre-appraisal. This is the best way to determine the selling price before you put your home on the market. Display the appraisal where potential buyers can see it when they are touring your home. This will assure them that you have done your homework and have priced your home reasonably.
A real estate expert – don’t just hire any agent. Look for an agent who has a system and has a proven record of handling all the variables that go into the sale of a home in your price range.
Following these recommendations will increase the perceived value of your home and help to make it stand out from the many other homes on the market. Remember you want to be number 1 in those 12 homes that can sell this month.
JP Real Estate Experts pride themselves in knowing the market and what you can do to sell your home quickly. Call us today for a free market analysis of your Myrtle Beach home.
Jerry Pinkas Real Estate Team
854 Frontage Road West, Myrtle Beach, SC 29577