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VIDEO: 5 Smart Strategies For Home Buyers

Sunday, August 14th, 2016

Right now, Myrtle Beach is in a seller’s market, meaning buyers have to work a little harder to find their dream home. Here are five smart home buyer strategies for success:

  1. Make a good first impression on the seller and your Realtor. Here’s what I mean when I say you should make a good first impression on your Realtor: pick one agent to represent you and have a specific list of must-haves for your property. That way, we can show you anything on the MLS that matches your criteria while saving you time and frustration.You should make a good first impression on the seller when you make an offer. We recommend writing a letter to the seller about why you love the house. Those letters do make an impact when it comes time for the seller to accept an offer.
  2. Get pre-approved by a lender. Send the pre-approval letter with your offer. This shows the seller that you are serious about buying their home.
  3. Shop within your price range. Single-family homes in Myrtle Beach are in a seller’s market. Homes are selling fairly quickly in certain price ranges and much faster in others. Shop within your price range. Don’t go 10% over your max budget to look for more options; that will only frustrate you and your agent.
  4. Be flexible. No home is perfect. Even when you build your own home, you will still wish you did some things differently. When you look at homes, look past things like bad wallpaper, carpet, or paint. You can replace those things. Being able to look past those small issues can get you a better value on homes that don’t show well. In fact, homes in older, more established neighborhoods will often get you a better price per square foot.
  5. Be ready. When a home that fits your criteria hits the market, be ready to go look at the property at a moment’s notice. When you find the home you want, be ready to write a strong offer.

If you have any questions about buying in today’s market or about real estate in general, give me a call or send me an email. I would be happy to help you!

VIDEO: New Technology Will Find Your Dream Home

Saturday, August 6th, 2016

Technology can be a huge help to buyers. It can even help you secure your home purchase. Innovation is happening very quickly in the real estate industry, which allows us to help you find your dream home.

We can put very specific criteria for our buyers into our website and the MLS system. That way, you will get notified instantly when a property that matches your criteria pops up on the market. Your agent will get an email as well so you can look at the property as soon as possible.

Just last week, this search helped one of my buyers find a home. This buyer was interested in a community called Manchester, which features paired ranch homes with garages. There were no properties from that community on the market but my buyer wanted that specific subdivision. We entered that information into the search.

Then, at 9:30 in the morning, the buyer and I each got an email about a property from that community that had just hit the market. My client was out at the unit in the afternoon, wrote an offer that evening, and, less than 24 hours after that property was listed, we were under contract to purchase the home.

If you are looking for a specific neighborhood, layout, number of bedrooms, or what have you, we can get you on an automatic drip campaign so you see any new listings that match your criteria. If you have any questions for me, give me a call or send me an email. I would be happy to help you!

VIDEO: Grand Strand Market Statistics for February 2016

Sunday, April 3rd, 2016

Today we’re going to look at the most recent numbers we’ve compiled from February, and compare them to the numbers we saw back in February of 2015. We’ll discuss both the single-family home and condo markets. Let’s get started.

Demand for single-family homes in the Grand Strand has gone up considerably in the past year. We had 480 homes close this February as opposed to the 418 we saw in 2015. That’s a 15% increase!

Another thing we pay special attention to is the current inventory. Our inventory right now is fairly unchanged from last year, as we saw only about a 100 unit increase. Our inventory currently sits at around an 8.5 month supply for single family homes, which is a very healthy number.

In the condo market, we are seeing an even bigger increase in demand. We had 321 units close this February, up from the 248 we saw a year ago, which is a 29% increase! We have about a 10-month supply of condos right now.

Now, oceanfront and ocean-view condos are a little bit different. We have a 15-month supply of homes there, and they are lagging behind a little bit.

Next time, we will be back with our full first-quarter market update. It should give you a good idea of what to expect in the spring and summer, typically the busiest months of the year for real estate. In the meantime, if you have any questions about your specific property, give us a call or send us an email. We would love to help you out!

VIDEO: Is It Better to Wait to Make an Offer on a Property?

Friday, November 20th, 2015

Today, I’m answering a question that I recently received from a buyer: “Should I wait to make an offer on a new listing? I love the property, but it just came on the market.” The truth is, if you want the property, there’s no real reason to wait.

Now, you don’t know the motivation of the seller. If you’re a pure investor and you’re trying to get this property at 20% below market, then obviously the seller is unlikely to accept that offer on a two-day-old listing.

If you’re making a fair offer because you know the market and you’ve constructed the offer based on comparable sales, a good listing agent will be able to give the facts to their seller. Hopefully, the listing agent can get your offer accepted, or at least get you a good counter offer.

In my opinion, there’s no reason to wait on making an offer on a new listing. Now, is it possible you could get a listing that languishes on the market for 60, 90, or 120 days on the market for a little bit less? Yes. But if it’s a good listing and the property is priced fairly, it’s not going to last that long.

Ultimately, if you like the property and you’ve done your homework, then don’t wait. Make the offer immediately.

If you have any questions, please don’t hesitate to reach out to me. I would be happy to help you!

VIDEO: How Can You Add Value to Your Myrtle Beach Home?

Thursday, September 10th, 2015

When you’re getting ready to sell your home, you probably want to sell it for the most money possible. I have some good news for you, because you don’t need to spend a ton of money to do this! Forget about kitchen remodels and major renovations. There are many less expensive ways to add value to your home.

My wife and I built a home eleven years ago, and while the home isn’t old, it’s certainly not new anymore. We’re not moving anytime soon, but we wanted to add some value to our home for our own enjoyment and also for when we decide to move.

Now, you have to understand that the kitchen is where you will get the highest return on your investment. Instead of getting new cabinets and counter tops, we installed a new tile back splash and replaced all of the appliances within the kitchen. This was quite simple, and gave the kitchen a very new feel.

We also did some work on the master bathroom. Instead of putting in new tubs and showers, we repainted our cabinets and installed new drop sinks. We also replaced the lighting fixtures and put a chandelier over the bathtub.

Another thing that I recommend is to eliminate carpet from your bathroom or living room. Buyers appreciate hardwood floors, and even laminate hardwood will work.

These are some really inexpensive ways to add value to your home, and there are many other things you can do to add value. If you’d like to know more about this topic, I’d be very happy to speak to you about it.

VIDEO: Myrtle Beach Real Estate Agent: Things Are Heating Up in Myrtle Beach

Wednesday, July 23rd, 2014

Myrtle Beach Mid-Year Real Estate Market Update – What a Balanced Market Means for You

Today, we’re going to take a look at how the first 6 months of this year compare to the same period in 2013. Here’s what we know:

  • The inventory for single-family homes and condos is up about 10% across the board.
  • Home sales are up about 4%, with the median sale price up 4% as well.
  • Condos are experiencing a different trend: sales are down 5.5%, with prices up 2%
  • The inventory of residential lots is down 36%, with an increase in median sales price up 25%.

What does all of this mean? For one, the rising inventory of single-family homes and condos over the past 18 months has given us a 7.5-month supply. This supply is decreasing while the inventory has been rising, which means the pace of sales is increasing. For instance, last year we saw an average of 464 single family home sold over the first four months of the year, as opposed to 528 in the same period this year.

Okay, okay – enough with the numbers. What this all really means is we have a normal, stable market. Now is an opportune time to consider buying or selling in the Myrtle Beach area. If you have any questions about market conditions in your specific area, don’t hesitate to contact us. We would love to help you better understand what’s happening in the market as well as take advantage of these favorable conditions.