How to Choose the Right Listing Agent
Most listing agents are truthful and will help you set the correct price, sell the house professionally, review the prospective buyers and skillfully negotiate and close the deal. However, as with any other profession, there are some rotten apples out there. That’s why you should know how to choose the right listing agent for your Myrtle Beach real estate for sale. A good listing agent has extensive experience in the business with recent sales and can do everything they can to strike a balance between optimism and realism. You will be expected to pay a significant amount of money for the agent’s services, so you owe it to yourself to find the right listing agent. Here are tips to help you pick the right agent:
1. Do Your Homework
First of all, you need to conduct some research and learn what qualifications a good listing agent should have. There are a number of certifications and organizations you need to watch for on an agent’s CV. These include Accredited Buyers Representative (ABR), which shows that the agent has undertaken and completed courses pertaining buyer representation and will therefore, aim to safeguard your best interests while negotiating the sales price, mortgage loans and any other aspects of selling and buying a home. Any honors awarded to the realtor are an added advantage. Of course, your listing agent should have a valid license and must have completed the necessary training before going into business.
2. Watch Out For Subtle Red Flags
There are a number of bad signs everyone needs to watch out for when choosing a listing agent. Certain red flag warnings mean an agent may not be a good choice.
3. Contact a Few Agents for an Interview and Ask Tough Questions
Before picking an agent, conduct a number of interviews with prospective agents. Ask some tough questions to get a good idea of whether a certain agent is reliable. You should make sure the agent is familiar with your community. However, the agent with the highest number of signs in your area may not necessarily be the best choice. A potential agent should give you good advice about the condition of the home and the sales price. Do they want you to sell your home quickly or are they asking you to put a sign in front of your home to alert buyers? You need to prepare a set of questions before your start interviewing any prospective agents.
4. Find out Who They Are Working For
You stand to benefit greatly if you ask potential realtors whose interests they will protect during the sales process. You want to hire someone who will safeguard your interests only – and not someone who will suggest dual agency just to increase their commission.
5. Ask For the Right Contract
It is advisable to request for a 90-day contract with your agent. In case your agent turns out to be good, you can always renew the contract. Otherwise, you can look elsewhere without wasting your time with a dubious agent. Find out if the agent is willing to offer a short-term contract before signing any agreement.
How to Purchase a Home and Not Go Crazy
Purchasing a home is an exciting process but can be stressful, too. When purchasing a house, there is certainly a lot to enjoy and look forward to, but there are also some tasks involved that could leave you frustrated. Here, we’ve compiled some practical tips on how to take stress out of the home buying process:
1. Know What You Want
A real estate agent is not a mind reader, and therefore, you need to know exactly what you want. Otherwise, you are going to waste too much time looking at homes that do not suit your specific needs. If you have a detailed account of what you want in an ideal home, then it will be easy to identify such a house as there are so many options available when it comes to Myrtle Beach real estate for sale. Prioritize your needs and determine which amenities or features you can forgo. Let’s say, you are looking for a house with a remodeled kitchen, a master bathroom, four bedrooms, a stunning balcony and a swimming. While you may not find a home with all these specifications at your desired places, that doesn’t necessarily mean you can’t find a home with most of these things on your list. Pick the most important features before you start looking at Myrtle Beach real estate for sale.
2. Stay Organized
To get approved for a mortgage loan, you will be required to share every aspect of your personal finances. You will need to organize your documents first. These include forms that reflect your assets, taxable income, rent payments, and other important financial statements. Before you start your house hunting venture, get your documents organized and stay as organized as possible throughout the process.
3. Get Pre-Approved for a Mortgage Loan
Financing a home is often stressful. You may feel that getting approved for a home loan doesn’t have to be complicated, but after checking your financial situation and credit report, a credit provider may change their mind. It is always best to get pre-approved for a loan before you start bidding on homes. If you were impressed by a house only to discover later that you are ineligible for a mortgage loan, it could be really disappointing. You can save yourself a great deal of stress and heartache by taking control of your financial situation. In addition, some agents and sellers decide to work only with prospective homebuyers who have been preapproved for a mortgage loan.
4. Set a Budget
The costs of purchasing a home can amount to a significant sum especially if you are not ready, as there are a range of costs other than the property’s asking price. Therefore, note down all the expected costs to avoid frustrations. These include solicitor and surveyor fees, along with amounts for applying for a mortgage loan. Collectively, these can result in a staggering sum, and bear in mind that you will most likely need to spend some money on the home before moving in.
5. Work with a Knowledgeable Agent
Find a professional real estate agent to work with. Home buying is a huge financial commitment that involves a lot of emotions. It is important to get a realtor who is highly experienced and a good overall fit for your personality. Go online and read agent reviews to see what their past clients are saying about their experiences regarding realtor knowledge, expertise, responsiveness and more.
Purchasing a house should be an exciting time for you. If you prepare well, stay organized and work with a real estate agent who is ready to take care of your interests, then you can take stress out of the home buying process.