Want to know more about the Greenville County Market and trends that are happening? You're in the right place! Here is the latest update on the Greenville County Market. Click the video above or go my youtube channel and click on my youtube link: https://youtu.be/1CM-hkPZCfw
How to WIN in a Competitive Market and Beat your Competition when Selling Your Home
What are some tips things that a Seller can do to make their home stand out more in a competing market? That's a tough question to answer; especially when you have new construction homes offering incentive after incentive right? The long story short is this. No matter how much you've updated your home, manicured the lawn, being priced well and living in a great location you can always offer incentives. Yes, I said it offer the buyer incentives that others are not. You may not be able to give the same incentives that new construction is doing but you can certainly out perform your neighbors. So when placing your home on the market make sure you throw out incentives IF the market dictates that and you want to compete more agains your competition.
If interest rates are rising should you buy a home? This video, in assistance with my colleague Jon Adams, talk about how and why it's still a good time to buy a home. Even thought interest rates may be higher than what we've been used to it's always a good time to purchase a home. Why? There's several reasons why but 2 specifics. One, because you can either pay 100% interest rate to rent; and two, you're losing out on equity the longer you wait. As Jon says in the vide "date the rate and marry the home." If you have any questions or would like more information on any real estate topic feel free to contact myself or Jon Adams.
Are you curious as to what you should do in a softening market? Check out my video above to help answer those questions. Below I've written a quick summary of what this video addresses. I hope things are going well for you. At the end of the day my goal is to make keep you posted on what is happening at all times.
We may be heading for a softening of prices now that inventory is on the rise. This may not matter to those that are staying put for a few years but for anyone thinking of selling a property this year may need to move forward while prices are still high.
For those looking to buy, there are a lot more options right now and we may see some price reductions in the Fall making it a good opportunity.
Let me know what your real estate plans are so I can create the best strategy for you. Contact me at 864-430-2451
Buying a home can be a little confusing at first. There's a lot of steps involved and it's important that you don't put the cart before the horse or you could wind up wasting valuable time and energy. Even if you've purchased a home before it can be difficult to remember all the steps; especially if it's been a while. So let me help you win at purchasing a home! Here we go.
Step 1: Call a mortgage lender and get a pre-approval letter to insure what you can afford. This is now a legal requirement before any Agent shows a home and you HAVE to have it present an offer so go ahead and rip the bandaid off. Think about it. Even if it wasn't a legal requirement what if you looked at a home you really liked and found out you couldn't afford it? Or worse yet, lets say you could approve it but there's multiple offers on the table and you can't get pre-approved for up to 48hrs. So the seller accepts another contract because you didn't have a pre-approval letter. Bummer right? So let's get this done. Call me for an honest, reliable mortgage lender.
Step 2: Speak with me, a Realtor, such as myself to get a better idea of what you're looking for and your situation so I can best help.
Step 3: Schedule showings
Step 4: Write up an offer when you find the right home. The fun begins
Step 5: Negotiations. Word to the wise, listen to your Realtor not your opinion or Zestimate from Zillow. An Agent like myself will look up comps to determine if the home is overpriced and what other homes in the area are selling for and what Sellers are giving to buyers in closing costs. If there are multiple offers DO NOT low ball. Expect to go more than asking price; especially if you want closing costs. Your first offer, no matter what in the Greenville market, needs to be strong. Our market is "hot" and there's someone else waiting for your home. Don't let that happen beaus you want to play "games." You'll lose every time!
Step 6: Turn in your ratified contract to lender to start the mortgage lending process. The lending process will be the most stressful part at this time so be weary. But there are some tricks I can tell you to make it a little easier and effluence for you.
Step 8: Order your appraisal with the lender ASAP.
Step 9: Schedule Home and Termite Inspections unless it's a new home
Step 10: Make a repair request with your Agent. There're only specific items you can ask for that the Seller has to complete so keep that in mind. I can review that with you in more details later.
Step 9: All docs during this time will be coordinated by your Agent
Step 10: If everything goes smoothly you close. Congratulations, you have a new home!!!
If you have any questions feel free to call me at 864-430-2451 or visit my website at www.buygreenvilleschomes.com
When Purchasing a Home Make Sure You do the Following
1. Get prequalified: I know you've probably encountered several agents who ask "Have you been prequalified?" and will not show you a house unless you do so. The reason behind that is because we, as realtors, don't want to hurt your feelings. You see, if we look at your dream home and then find out that you can't afford it then no other house will compare. You will constantly be thinking about "I wish I could have bought that house off 25th and 2nd." So, to avoid disapointment get prequalified. If you aren't too sure who to go to, give me a call and I'll direct you to someone.
2. Work with a Professional: I say this because as a Realtor I will help you in taking care of all the paper work, negotiations, coordinating services with inspections (termite, home inspection and appraisal) and the lender and attorney. It's a lot to juggle! If you're doing this on your own without representation and just one of these processes gets placed out of order or delayed it could cost you money, time and legal fee's you didn't expect. And the good news is if you're a buyer you don't pay a Buyer's Agent, like myself. So why would you not use a professional to help you? Trust me, it is worth using a Realtor like myself because I've learned through experience, been taught, and trained to handle these matters quickly and efficiently. Let me help you.
3. Look for a home that fits your lifestyle: As a rule of thumb, you don't want the largest home in the smallest neighborhood, you want the smallest home in the largest neighborhood. In addition to this make sure that the house fits your lifestyle. Do you, or will you, travel a lot? If so, you may want a condominium with lawn maintenance included. Do you like a challenge? Then maybe a fixer-upper is for you. Don't be afraid of upgrading, it can add significant value to your home in the future. Caution: Don't personalize too much because it may not be personal to the next buyer. You want your home to look as "model home like" as possible.
4. Look at the flow: Before purchasing a home make sure that it fits the traffic in your life. Do you have parties, get togethers, etc? Choose the floor plan that works best for you.
In today’s market it is imperative that you price your house correctly the first time. If you don’t price your house right the first time you are subject to reducing the price in the future. This isn’t always a bad thing, however, it can place a stigma on your house when a prospect comes to see it. For example, the may ask “why did the reduce it? Is there something wrong with it? Are they desperate? Can we ask ever more off the price?” As you can see the prospect begins to talk themselves into a “lowballing perspective,“ which encourages them to negotiate in the same way. This is not where you want to be. Therefore, make sure you try and price it right the first time. Websites like trulia do NOT present a reliable market value for your home. So, do yourself a favor and have a Realtor do this for you or use and appraiser.
Price your home by:
Compare your house to similar houses in your neighborhood. If you don’t live in a neighborhood, find homes within your zip code.
Only use comparisons that have similar square footage, floor layout, fences, pools, garages, acreage, etc.
Use your county tax assessor to look at similar houses (these are not always the best comparisons) http://www.greenvillecounty.org/vrealpr24/clrealprop.asp
Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!
Get Local Market Reports Sent Directly to You
You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.
We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.