Joint Base Charleston Real Estate

February 15th, 2017 12:46 PM

Buying a FSBO? 4 Things You Need to Know

Here are some points to keep in mind when you’re looking at a home for sale by owner:

Most sellers will work with your agent

Buyer’s agents act as advisers through the ups and downs of the Joint Base home search. If a FSBO opportunity crosses your path, ask your agent to make the first contact. Most likely they can still work for you and get paid for their efforts.

FSBO’s are personal

The main thing to keep in mind is that you will meet and see the owner face to face. A home sale is more emotional and personal than, say, the sale of a used car or a piece of furniture. As such, seeing the owner might make you uncomfortable.

Try to get past it and keep your eye on the prize: your dream home. Leverage your agent, and be ready to ask for time alone in the home if you need it.
Laws still apply

If the law stipulates that the seller has a duty to disclose problems, inspect the home, or perform any repairs, the FSBO must cooperate.

The biggest problem some sellers have with going solo is that they aren’t familiar with real estate processes or procedures. Or they want to do it their own way.

Trust your gut and your agent’s judgment if you think the seller is neglecting a duty or not allowing you to do your due diligence.

Pricing may be off

Homeowners who list their home themselves tend to share one thing in common: They reject local agents’ opinions about their home’s value. Sellers (FSBO or not) who are unable to emotionally detach from a home or who don’t have a solid plan post-closing sometimes self-sabotage their sale by overpricing.

These sellers typically meet with local agents before they list. But they don’t like the agent’s pricing strategy and want to give it a stab on their own.


Posted by Jodie Ford on February 15th, 2017 12:46 PMLeave a Comment

Tips to Tackle Long Distance Joint Base House-Hunting Successfully

Do your homework

The internet is the best resource you have to do the research about schools, and shopping centers in the Joint Base Charleston area.  And it is crucial to hire a Realtor you trust.  With a long-distance search, the agent can make or break the experience. We are very familiar with the city, neighborhood, prices, and are excited to help you through this process.

Have a travel budget

Plan a house-hunting trip that’s at least four to five days long, so you’re not cramming in tons of showings that you won’t remember at the end of the day.  Long-distance house hunters should also be prepared for last-minute travel.

Know what you want

When you’re in the market for a home, you should always have a running list of features you want, but it’s especially crucial when you’re buying from a distance.

Knowing exactly what you want out of a house and location allows your agent to help you narrow down neighborhoods and homes more easily, and assist you in making an offer quickly, which is especially important in a fast-moving market.

Overcome remote home-buyer jitters

Renting for a few months could be an option, but we are here to make the process smooth, and provide you with our professional advice.   

*information for Zillow Porchlight


Posted by Jodie Ford on February 9th, 2017 10:32 AMLeave a Comment

3 Common Mistakes to Avoid When Buying Your Joint Base Charleston Home

Here are three predicaments first-time home buyers may encounter along the purchase journey:

  1. Going it alone. It’s great to do some online home shopping and you might see homes in neighborhoods you’re considering and think a quick visit can’t hurt. Your first step should be talking with a real estate agent, or lender to help you understand if you’re ready to buy. You need an ally who knows the system inside and out.

     

  2. Looking at homes you can’t afford.  Home buyers need to get pre-approved before you look at homes. Being pre-approved for a certain amount doesn’t mean you have to spend that much. Decide how much you’re comfortable paying for your mortgage each month.

     

  3. Not comparing mortgage quotes.To get the best loan terms, you should shop around and compare quotes from different lenders..

 


Posted by Jodie Ford on February 2nd, 2017 2:05 PMLeave a Comment

5 Reasons To Use a Buyer’s Agent When Buying New Construction in the Joint Base Charleston Area

  1. To help you find a reputable builder

    Your agent can rely on their own experience and that of their colleagues to help you find a builder you can trust.

  2. To go to bat for you

    The timeline for purchasing new construction is typically quite a bit longer than buying an existing home. From the first time you visit the sales center, to choosing your layout, construction, inspections, and finally closing, there are ample opportunities for things to go sideways — think construction delays, permit issues, and financing concerns.

  3. To help you review your contract

    Even if you’ve purchased a home before, the contract for new construction is a whole different animal, and an experienced agent can help you make sure you understand everything, from floor plans to earnest money requirements, deadlines for requesting changes, and timelines for completion.

  4. To assist with negotiations

    Buyers’ agents know the areas where you’ll find the most wiggle room when it comes to negotiations.

  5. To point you toward smart upgrade choices

Builders will offer you endless options for finishes and upgrades, and it’s easy to get overwhelmed.

Even though a friendly sales representative will greet you with a smile the moment you walk through the door of the sales center, don’t forget that they work for the builder. Bring your own agent with you starting with your first visit — in fact, many builders require your agent to register with them from the very beginning in order for them to be involved in the process and receive their commission.

With a professional you trust by your side, you’ll rest easy knowing someone is there to protect your money, your time, and your new home.

 

*Information from Zillow Porchlight.  



Posted by Jodie Ford on January 26th, 2017 5:03 PMLeave a Comment

How to Buy Your Next Joint Base Charleston Home, Courtesy of the IRS

 

Turn your tax refund into home ownership! Here is how to buy a house with some help from your tax refund.

1. Check your credit report. For the most accurate credit score, check with Equifax, Experian, or TransUnion. 

2. File your taxes as early as possible. When it comes to getting a refund sooner, processing times for tax returns are typically shorter if you can avoid the rush of last minute filers. If you receive any refund at all, the general principle still stands. That refund can be the cornerstone of your down payment savings.

3. Budget. Look at your income and expenses to determine two things. The first is how much you can save each month in your current situation. And second, determine how much of a monthly mortgage payment your income will bear.

4. Compare quotes from multiple lenders. Shop mortgage lenders and get pre-approved.

5. Start house hunting with your agent.  We are here to guide you through the remainder of the home buying process.  This is the fun part!  Don't wait another day to start looking for your next home.  


Posted by Jodie Ford on January 18th, 2017 8:33 AMLeave a Comment

Want a quick and easy way to search all homes for sale in the Charleston area? Download the Military Homes Charleston app! It's free and easy to use. Message us for any questions, we are here to help!



Posted by Jodie Ford on November 11th, 2016 5:19 PMLeave a Comment

November 10th, 2016 2:38 PM

Today we celebrate the Marine Corps' 241st Birthday!  Thank you to the men and women that have served or are currently serving our country for our freedom!  #MilitaryHomesCharleston

Posted by Jodie Ford on November 10th, 2016 2:38 PMLeave a Comment

4 Reasons to Buy Your Joint Base Charleston Home This Fall

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.4% over the next year. The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects home values to appreciate by more than 3.5% a year for the next 5 years.

The bottom in home prices has come and gone. Joint Base Charleston home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Remain at Historic Lows

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained at or below 3.5% for 13 consecutive weeks. The Mortgage Bankers Association, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by this time next year.

Any increase in rates will impact YOUR monthly mortgage payment. A year from now, the percentage of your income that you spend on housing will increase substantially if you choose to wait.

3. Either Way You Are Paying a Mortgage

Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage - either your mortgage or your landlord’s.

 

4. It’s Time to Move on with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

 

 

 

Source: http://www.keepingcurrentmatters.com/2016/09/26/4-reasons-to-buy-this-fall/


Posted by Jodie Ford on September 28th, 2016 2:46 PMLeave a Comment

8 Things To Keep In Mind Before Buying Your First Joint Base Charleston Home

  1. Owning a home can be your biggest source of wealth. Your Joint Base Charleston home is not just a place to live, but also an investment into your future.
  2. Stretching to get into a Joint Base Charleston home you can’t afford is a bad idea. Millions of homeowners lost their homes to foreclosure in 2008 and 2009 as a result of getting into a house that they couldn’t afford. Make sure you figure out your budget and determine exactly how much you can afford to spend.
  3. Save up for a down payment. If you have a down payment, you have equity, which means you own a portion of your Joint Base Charleston home from the beginning. 
  4. Keep in mind that you may have to pay for the inspection, appraisal and maybe closing costs. The home inspection and appraisal will be expenses outside of the loan and due at the time services are rendered. Closing costs include loan fees, closing attorney fees, a title search and various other expenses.
  5. Get pre-approved to find out how much you can afford. Before you even begin looking at Joint Base Charleston houses, get pre-approved. That way, you will only look at houses in your price range and you won’t end up falling in love with a home you can’t afford.  We have an amazing mortgage broker that we can refer to you!
  6. The seller pays the commission for your real estate agentAs a buyer, it is important to utilize the help of a realtor, and that help is free of charge to you. 
  7. Mortgage interest is generally tax deductible. This means you can sometimes reduce your taxable income by the amount of interest you pay.
  8. Know how long you plan to stay. Generally, it only makes sense to buy a house if you plan to stay for at least two years. However, in this market buying real estate can be a great investment.  We offer property management services as well!

3 Reasons to Sell Your Joint Base Charleston Home Now

Thinking about selling your Joint Base Charleston home?  Here are 3 reasons why you should now:

1. Inventory is low: Supply and demand is always in control in a marketplace unless there is undue interference by government. Inventories of both new and existing homes for sale are low right now. Low supply usually creates upward pressure on prices. Many studies and surveys are also showing that buyers are returning to the market, though more of a stream than a river of demand. However, combine low inventory and increasing demand, and you may get more for your home than you think.  We are here to help you figure out what price tag to put on your Joint Base home. 

2. Mortgage rates are low: Whether you believe that mortgage rates are going up soon or not, many would-be buyers are concerned that they will lose buying power if they wait too long. It helps sellers when buyers can afford more home due to low mortgage rates. There’s the other side of this coin as well. If you sell now with the plan to buy right away, you’re getting the same low interest rate advantage. The money you take away from your sale, though possibly somewhat lower than if you wait a while, will go farther in financing another Joint Base home.

3. Some markets scream sell: If you own in an established area with a history of stability and high demand, it makes a difference. Charleston could not be a better example of this.  Real estate is local, and while national influences bear on prices, the right location can make a major difference in your cash out on a sale. On average 48 people move to Charleston daily.  Can you blame them?  


Posted by Jodie Ford on July 28th, 2016 4:03 PMLeave a Comment

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