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WAVE BEACH REALTY 843-399-6133

Things to Consider When Selling Your House

It's difficult to know when is the best time to sell, or how to get the most money for your house, but you don't need to go through the process alone.

You may be wondering if prices are projected to rise or fall... or how much competition you may be facing in the market. I put together a free eGuide for you that will answer many of your questions and likely bring up a few things you haven't even thought about yet. 

CLICK ON FEE EGUIDE ABOVE FOR YOUR FREE COPY or EMAIL YOUR REQUEST TO wendyward2582@gmail.com 

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Two Reasons We Won’t See a Rush of Foreclosures This Fall

Two Reasons We Won’t See a Rush of Foreclosures This Fall | MyKCM

The health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result, many people have been laid off or furloughed. Naturally, that would lead many to believe we might see a rush of foreclosures like we saw in 2008. The market today, however, is very different from 2008.

The concern of more foreclosures based on those that are out of work is one that we need to understand fully. There are two reasons we won’t see a rush of foreclosures this fall: forbearance extension options and strong homeowner equity.

1. Forbearance Extension

Forbearance,

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Home Sales Prices are still increasing and next year they are expected to increase another 5%   Now is the time for homeowners and Investors to purchase! Especially for Investors. If you are an investor and you did not purchase property in 2019 you Lost 3.5%  So if the market prices increase another 5% in 2020 as predicted guess what then you lost 8% ..........Make sense 

 

NUMBERS UP

October was another month of gains according to the latest CoreLogic Home Price Index. CoreLogic President and CEO Frank Martell said, "Nationally, over the past year, home prices are up 3.5% with the rate of growth accelerating from September into October. We expect home prices to rise at least another 5% over the next 12 months."

 

LARGER LIMITS

Buyers

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Many of my clients fear homeownership because the financial commitment of a mortgage will conflict with the lifestyle they’re already accustomed to. They fear they’ll need to scale back on everything just to invest in a home.   However, the truth is that there are numerous benefits to owning a home. Today’s record-low interest rates and the copious amounts of tax and equity benefits are just a few. As your personal real estate expert, it’s my job to know all the great rewards of owning a home. Call or email me today to find out how you can benefit!

 

Best Regards,

 

Robert Ward - Owner/REALTOR® 
Wave Beach Realty, LLC
802 41st Ave South, Unit 102
North Myrtle Beach, SC 29582
Call/Text  910-840-2287
Office:  843-399-6133
Fax:  843-663-5134

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Tips to sell your house!    For Sale By Owner 

Most people think that selling their house is easy—you just throw a sign in the yard and wait for someone to come along and make you an offer.  A lot of people’s first instant is if they don’t hire a realtor so they can save some money….Well, nationals statics show that sellers that used a Realtor received a better return on their investment. You Say How Is that? Well, Realtors have an advantage from the start we have all the tools and experience to price the property correctly and to handle all the challenges during the process. 

You need to be prepared if you decide to sell your property yourself… You will be asked every possible question about your property, financing, lenders, What are the different

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All Buyers including First-time Buyers

 

Here are some tips for all buyers to do, First Check your credit score or if you already have a lender let them check it for you so you will know if you are ready to start shopping for properties.

If you are not already working with a lender then you need to call a few to see which one can get you the best interest rate on a loan. Make sure to tell them you are a first time home buyer (if you have not bought in the last 5 years you may qualify for this always ask)  and see what type of a loan you qualify for. If you are a veteran make sure to ask about VA loans but do not limit yourself to just a VA loan make sure to compare it to other loans because it may not be your best option. 

 

No Down Payment

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Here is a Tip you need to read:  Things to know about Fixer Uppers, Repairs Needed, and  “AS IS” Properties for sale

Any property that is being sold AS IS, That Needs Repairs or listed as a Fixer Upper.

If you need any financing on these types of properties it may be difficult if not impossible to get any type of loan on the property.  

So I would suggest you talk to a lender before you even going out and looking at the property. If you have any inspection, appraisals or anything done you would have to pay for it all up front then if your lender does not approve it you do not get that money back!  Keep that in mind. 

Keep this in Mind also……If a Lender where to finance such properties they will not allow You to do the repairs they would

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Investment Properties, Condo Rentals, Vacation Homes, 2nd homes, Weekend Getaways HOA FEES, Rental Information

From Robert Ward  WaveBeachRealty.com

  

There is a lot to know about purchasing investment/rental properties at the beach and I will do my best to assist you every step of the way.

Here are a few things to look for with investment/rental properties. The first thing is the price, of course. Then Location Location Locations,  the rental history, the taxes, and then the monthly fees. HOA fees are not all created equal! They are determined by the location of the unit in the building (View), what floor its on, the square footage of the unit, how many Amenities the resorts provide, and one of the biggest things is the Insurance on the

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  "Sell your home in 90 days or less! Sell your home or we will buy it." These are the words spoken by many listing agents. Their ads are all over the radio and TV. Have you ever wondered how they really do that? Don't wonder! Most don't actually do that!! The key is many, not all, will over promise and under deliver. These agents are good at marketing their services to get the listing of your home. The hardest thing for an agent to do is be upfront with a potential client when discussing listing and marketing your home. It is easy for an agent to tell you what you want to hear and not what you need to hear. Many agents will agree with you on what you think your home is worth just to get the listing agreement signed. Then when the home fails to sell, he

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Here are five reasons listing your home for sale this spring makes sense.

1. Demand Is Strong:  The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home. Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now:   Housing inventory is still under the 6-month supply that is needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market.

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