Charleston, SC Posts

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The $8000 tax credit has NOT expired!!

The $8000 tax credit has NOT expired!! At least not for everyone.

While it has expired for most buyers, the credit still remains in effect for certain military personnel and foreign $8000 tax credit not expired for militaryservice employees deployed overseas for 90 days or more between January 1, 2009 and April 30, 2010. They can still claim the first time homebuyer $8000 tax credit if they sign a contract on or before April 30, 2011 and close on or before June 30, 2011. While this is a relatively small group, it is worth keeping in mind particularly for members of the military ending tours of duty in Iraq and Afghanistan among other places, as well as sailors returning from naval deployments across the globe.

What a nice, but small way to honor our current military members. During this Memorial Day weekend, please don’t forget to honor our past and present heroes that have sacrificed for us to have our freedom.

If you are a military service member, please contact the Charleston Relocation Experts Team if you would like more information about the tax credit.

Michele Reneau, ABR, GRI, CRS

www.CharlestonRelocationExperts.com

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Buying a Builder Home Without Representation Can be a Nightmare

Via Joyce & Terry Thomas Anthem Merrill Ranch AZ Real Estate (US Preferred Realty):

Buying a Builder Home Without Representation Can be a Nightmare.  This is a scary and unfortunately true story.  All names are being protected in this story.  Buyers need to take buying a home from a builder very seriously when they enter a builder's sales center and make sure they are fully represented by a Buyer's Agent (Realtor).

The main thing to keep in mind is that the "Realtors" working for the builder are actually "Salespeople".  They are trying to meet a quota for the week or month, to get their next plaque on the wall, or win the turkey for Thanksgiving.  It is quite unfortunate that Buying a Builder Home Without Representation Can be a Nightmare.

This story starts with a very nice couple in their early 50's (let's call them Bob and Bobbie Buyer) tagging along with their friends while they buy their new home.  Once the Salesperson (lets call her Susie Salesperson) working for the builder had sold the community and a new home to their friends, she turns to Bob & Bobbie Buyer and says, "So are you ready to buy a home?".  Bob & Bobbie Buyer, who had absolutely no intention of buying a home (new or resale) told Susie Salesperson "no".  But Susie (being a top Salesperson in 2006 and having won all kinds of awards for meeting sales quota) continued to use her newly learned sales pitches to pressure them by telling them, "Well let's have you get preapproved through our inhouse mortgage company just to see what you can afford.  After all wouldn't you like to live here with your friends in a beautiful new home in this fabulous community?" (Sell, sell, sell Susie Salesperson was doing.)

So you are probably thinking, "Sounds like the typical builder salesperson."  Thats what I thought too until they told me what the salesperson told them to do.  They didn't qualify for the new home through the inhouse lender, so Susie Salesperson told them that all they had to do was change their tax records so they would qualify (just for the loan of course).  I don't know about you, but I think that's ILLEGAL????  When Bob & Bobbie Buyer questioned her, she said, "Oh it's just for the purpose of your loan and then you just do an addendum to your taxes to correct them."  Buying a Builder Home Without Representation Can be a Nightmare especially when it is a salesperson such as this one!  But this "Salesperson" learned this from somewhere.....hmmmm…maybe the builder taught her to do this?  Scary!! 

The saddest thing about this story is that Bob & Bobbie truly could not afford this home and never should have been approved for a mortgage.  However, the excitement created by Susie Salesperson got them into a home that drained their assets and put them into foreclosure, ruining their credit.  They were happy renting a home and never had any intention of buying a home.  Unfortunately, they got caught up in the thrill of owning a home (after all they had never owned a home - ever!).  Now, they are renting a home again waiting on a buyer to put an offer on their home which is listed as a short sale to try to avoid foreclosure because of this horrible experience of Buying a Builder Home Without Representation Can be a Nightmare.

Any buyers reading this, please beware that you must be represented by a Buyer's Agent (Your Realtor) when buying a home through a builder.  The builder's salesperson represents the Builder and is doing everything in their power to get the best deal for the seller (builder).  They work just like used care salespersons.  They receive a "draw" as income and when they make a sale they pay back their "draw".  If they go without making a sale, they could get fired or laid off and owe the builder money for the draws and lack of sales.  They are high pressure salespeople. When you buy a home directly through the builder without representation, you give up your right to be professionally and fully represented in the transaction and could end up in a very unfortunate situation like these poor buyers did. 

The best thing is that using a Buyer's Agent to help you buy a home costs you absolutely nothing.  The seller (builder) always pays the Buyer's Agent - you never pay anything! Buying a Builder Home Without Representation Can be a Nightmare!  Make sure you are fully and professionally represented by a Buyer's Agent (a Realtor) before stepping foot into a builder's sales office, even if you are just tagging along with a friend to look at model homes. 

A Buyer's Agent as the following fiduciary duties to you.  A Buyer's Agent must:

  • Be loyal and act in your best interest
  • Obey your lawful instructions
  • Protect your confidence
  • Exercise reasonable skill and diligence when answering your questions
  • Be accountable for handling funds and paperwork
  • Present all offers in a timely fashion

A Buyer's Agent works for YOU fully.  We are Accredited Buyer Representatives (ABR) and recognized through the National Assocation of Realtors.  As your Buyer's Agent, we act on your behalf to get you the best deal possible on the purchase of your new home, whether it be through a builder, a bank or a regular resale home.  Remember, Buying a Builder Home Without Representation Can be a Nightmare.

 

Joyce and Terry Thomas, Associate Brokers, US Preferred Realty

www.DesertSunRealtors.com

Thomas@DesertSunRealtors.com

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Joyce and Terry Thomas Anthem Arizona Realtors Joyce and Terry Thomas Anthem Arizona Realtors Joyce and Terry Thomas Anthem Arizona Realtors Joyce and Terry Thomas Anthem Arizona Realtors

About the Author...
This article was provided by Joyce Thomas, a Nationally recognized Realtor and Certified Short Sale Negotiator and Distressed Property Expert.  Joyce can be reached via e-mail at Thomas@DesertSunRealtors.com or by cell phone or text message at 480-620-5586. Joyce has helped thousands of people buy and sell their home.  For Arizona real estate and homes see www.DesertSunRealtors.com.

Servicing the following areas in Arizona:  Florence, Queen Creek, San Tan Valley, Coolidge, Apache Junction, Casa Grande, and Pinal County Arizona.  Specializing in Anthem at Merrill Ranch Florence Arizona, resort style living and active adult living.

Michele Reneau, ABR, GRI, CRS

www.CharlestonRelocationExperts.com

Follow us on Facebook at www.facebook.com/CRETeam

She's here!!!

On April 19, 2010 at 1:30am, our precious Lana was born!

Lana weighed in at 7lb 12 oz and 20.5 inches. She's here

It was an incredible homebirth experience. Momma and baby are healthy and happy!

Lana's favorite activities are eating, eating, and eating. She enjoys sleeping and pooping too so she can eat some more. Lol!

Here's a photo of her at 5 days old enjoying a nap.

Michele Reneau, ABR, GRI, CRS

www.CharlestonRelocationExperts.com

Follow us on Facebook at www.facebook.com/CRETeam

Dear Seller - Ten Sure Fire Ways to Distract Buyers from Focusing on Your Home.

This Top 10 list by Noelle Blazevich couldn't have been said better.

Via Noelle Blazevich (John L. Scott):

 This may seem a bit harsh but it is just plain speaking honest commentary regarding my experience as a buyer's agent.  The statements below are taken directly from the comments and behaviors of buyers viewing homes for sale.  It not meant to be negative but rather is meant to give sellers a bit of a look into the buyer's head.  A chance to see things from the buyer's perspective without the candy coating we agents typically put on things.

10) Leave your "friendly" dog roaming free inside the house when you know we are coming to see it.

Not all buyers are dog people.
Many whether they are dog people or not will actually be scared of your dog.
I have had clients refuse to go into homes because the dog was out.  Or they go in but don't stay long because the dog is either scared of them or overly friendly.  It's hard to pay attention to a home when your nether regions are being inspected by Fido. 
If the buyers are true dog people they are going to focus on the dog not on the house.
Trust me I have seen it happen. 
One way or the other your pet has effectively distracted the buyer from looking at your home.

9) Leave something aromatic cooking in the crock pot for your dinner that night

Not all buyers are going to be fans of your food choices.  In fact if it is particularly aromatic and something the buyer's don't care for, they are likely to ask me if I think the smell will come out or leave quickly because they don't like the smell. 
They were so focused on your food choice they didn't look at your house.

8) Keep photos of your family up throughout the house

Guess what, buyers are going to look at your family photos to try to figure out who you are, do they know you, how many kids do you have?

Guess what they are not doing?  Looking at your house.

7) Keep all your nick knacks out

I know they are precious to you but honestly they are distracting to the buyer.  Instead of looking at the fabulous mantle the buyer will be looking at all the items on the mantel.  As with family photos, buyers will often comment on these items trying to form opinions on who you, the sellers, are rather than focusing on the home.

Pack them up in boxes so you have one less thing to do later on moving day.

6) Make it difficult for me to show your house

I know selling your home is a pain, that you have a life and the appointment time I'm suggesting might not fit into your schedule.   
But, hey I have a buyer that wants to look at your house. 
You want to sell your house right? 
Know what happens when you can't make that appointment time work?  The buyer goes and looks at other houses that are available to see at that time.  Do buyers reschedule to see your house at a later date?  Often times not.  Many buyers find another home that they like or are just not interested in going back to see one they couldn't see right away.  I am not saying that you have to turn your life completely upside down and backwards.  I am just saying that if our appointment time does not work for you don't be surprised when we don't reschedule.  The buyer is likely to have moved on.

5) To continue on the pet theme, leave your cat roaming free throughout the house with a note by the front door stating "Please do not let the cat out".

You are setting up a stressful rather than relaxing situation for the potential buyer and for me the buyers agent.  Buyers are forced to dash in and out of doors rather than wander freely throughout the home and property.  They miss out on the opportunity to call back into the house to their spouse or partner that "they have got to come see this garden, bbq area, hot tub etc" because they had to shut the door so the cat didn't get out.  If they do get wrapped up in looking at the house and forget to shut doors I have to remind them instead of pointing out the features and benefits of your property.  You just made me the nagging hall monitor instead of the helpful agent.  When your pet does manage a jail break, as I swear 99% of them do, I am forced to give chase to Houdini the Wonder Kitty.  Meanwhile my buyers are cooling their heals either irritated that we are off schedule or more likely worried that you are going to be mad if we don't catch your pet and get them back inside your home.

Again the focus has been shifted away from your home.

4) Don't replace burned out light bulbs or use low wattage bulbs.

Yes I know it's only the laundry room, a closet or the spare bedroom you never use but guess what? The buyer wants to see these spaces and when the buyer can't see it they can't form an opinion.  Use a good high watt bulb that appropriatley lights the space.  While the lower wattage bulb will save on your electric bill it will also make for a dark space.  Dark spaces do not impress buyers.  I will typically bring a flash light to help out when a bulb is out but it is still not the same as having a working bulb with the appropriate wattage to light the room to the best benefit.  Buyers will focus on the burned out bulb instead of the space.  Is it just the bulb?  Is there something wrong with the fixture?  If the bulb is dim buyers will focus on how dark the space is instead of how useful it might be.

Don't give them a chance to wonder and worry just replace the bulb and show off the assests of your home in the "best light".

3) Close all the curtains and turn off all the lights

When we walk into the house instead of immediately noticing the great things about the house we are going to be fumbling around looking for light switches.  It is likely that either I or one of the buyers may stub a toe on a hall table trying to find the switch.  Buyers are hesitant to enter dark areas.  In a home that is dark the buyers tend to follow me around as I turn lights on instead of lingering in various rooms to focus on what they might like about a room.  They feel more like they are intruding and less like they are welcome.  Instead of paying attention to the homes benefits they worry about whether they remembered to turn a light off as they left a room.   They also don't get as much of my attention because instead of being able to answer their questions about whether or not the fridge is included or what the square footage of the lot is I am running around opening and shutting drapes and turning light switches on and off.

I know it may not be practical to leave all the drapes open and all the lights on all the time.  At least leave the drapes open on the windows with the best views and leave a few lights on so we can find our way around the house.  If it was on when we got there I will leave it on when we depart.  If it was off I will turn it off.  Please at least leave the porch light on.  I do carry a flashlight but it is just not the same as pulling up to a home with a welcoming porch light on.

2) Turn the heat down

I know especially if you have already moved out that you would like to save on that energy bill but if it is colder in your house than it is outside buyers don't want to linger.  They don't get a warm cozy feeling from your home.  They just feel cold and that feeling transfers to an emotional opinion of your home.  If you can't keep the heat all the way up at least keep it at 55 so we are comfortable in our coats and for heaven sake if you are going to turn the heat down don't expect us to take our shoes off, leave some shoe covers.

One of the quickest ways to drive a potential buyer out of your house is to make them view a cold house in stocking feet.  It is hard to admire the spacious kitchen when your feet are being flash frozen by the cold tile floors.

1) Stay in your home while we are showing it

This is the BEST most SURE FIRE way to make a large majority of buyers uncomfortable.  Buyers don't even come close to paying attention to the features and benefits of a home if you are there.  They are so nervous about offending you and so uncomfortable looking at your home while you sit in your living room or worse follow them around that they rush through. They will tell you thanks for letting them look and dash out. Upon leaving they can't begin to tell me if they noticed what colors the wall were, if there was carpet in the living room or if they liked the kitchen or not. 

What they do tell me is "That was uncomfortable", "I don't like looking at homes when the seller is there" and "Can you make sure the seller will be gone at the next one, if they are there I don't want to see it"

Leave, even if you go sit in your car, take a walk around the block or dash over to your neighbors, just leave.  The buyer will stay longer and pay more attention to your home then if you are there.  If they are interested in your home and have questions I will call your agent and ask.  Think about it.  Would you feel comfortable wandering through someone's master bedroom and checking out the closet space while they were sitting in the living room?

If the buyers fall in love with you home and decide to make an offer there will likely come a time where they will want to meet you and discuss your home at length and in detail with you. Typically buyer's and seller's agents are more than happy to set up this meeting.  It is just not the first time the buyers are viewing your home.

Again, Please keep in mind these statements are meant to be helpful to sellers and give them a chance to look at things from the buyer's perspective.  These are just some of the things that may not typically be thought of as a big deal but do in fact distract buyers focus. 

Noelle Blazevich
John L. Scott - North Bend
noelleblazevich@johnlscott.com
When you work with me it's about YOU!

Noelle Blazevich on John L. Scott.com
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RealEstateByNoelle.com
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Virtual Tours of My Listings

 

Michele Reneau, ABR, GRI, CRS

www.CharlestonRelocationExperts.com

Follow us on Facebook at www.facebook.com/CRETeam

Common Misconceptions Among Buyers

Colleen McConnell wrote a great post about Common Misconception Among Buyers. If you have any questions about the buying process, please don't hesitate to call for a FREE no obligation consultation to answer all your questions. We would be honored to assist you in your home search.

Via Colleen McConnell, Tallahassee Realtor (Advanced Realty Group):

Misconception: confused clientIf you pay list price, you're paying too much.

If you don't know what the current market value is for homes in the area and whether the market is appreciating or depreciating, you don't know what a fair price is and you're likely to miss out on a great deal by trying to low ball a house that's already priced well.

If the house meets your goals, is within your budget, and is priced competitively, it's a bargain and you should make a strong offer. Get assistance from a professional to help you recognize a good deal and grab it before it's gone.

 Misconception: Foreclosures and short sales are the best buys

Many buyers find out the hard way that foreclosures and short sales are full of headaches, may need extensive repairs, require great patience over an extended period, often don't have the criteria that's most important to you, and may never close. 

Short sales abound in Tallahassee and many people are starting to avoid them because the pain isn't worth the gain.  Foreclosures can be less troublesome, but often in poor condition with challenges that may take longer than normal to resolve.  Market prices have corrected in many places, including Tallahassee, and it's possible to find great deals in homes that are priced like short sales, but don't have the headaches.

Misconception You get a better price if you buy directly from the owner.

Bargain hunters sometimes avoid Realtors, thinking that they will get a better price if they buy directly from a FSBO.  Meanwhile, the sellers are also trying to save on the commission, so they're not getting expert advice either and often price their homes above market value. 

The end result is often that a buyer pays too much or the FSBO is unable to get the house sold. A savvy Realtor working on the buyer's behalf, armed with market data and great negotiation skills, is much more likely to get a great deal than buyers can by negotiating for themselves.

If you're buying a house, it's a great idea to find a good Realtor and listen to their advice.

Michele Reneau, ABR, GRI, CRS

www.CharlestonRelocationExperts.com

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“Best bang for your Buck” community in Hanahan, SC with all the bells and whistles

“Best bang for your Buck” community in Hanahan, SC with all the bells and whistles ~

Hanahan, SC is located in Berkeley County and is best known for having excellent schools and strong community spirit. The bedroom community of Hanahan is less than 30 minutes from area beaches, lakes and historic Charleston. Hanahan is also located less than 10 minutes from the Charleston International Airport and is home to many top companies including FedEx Ground and Space and Naval Warfare (SPAWAR) Systems Center.

If you are looking for a neighborhood that encompasses convenience, good schools and low taxes for a Tanner Plantation, Hanahan, SC-neighborhood close to Naval Weapons Stations moderate price, you might consider Tanner Plantation. Tanner Plantation is located off of North Rhett Road with easy access to I-526 via North Rhett Blvd and I-26 via NAD RD to Hwy 52.

Tanner Plantation has many subsections; however, the plantation is divided by different school zones. Many families choose Tanner Plantation for its schools so it’s important to verify schools prior to purchasing your home if this is an important factor. Tanner Plantation is zoned for Berkeley County School district, but the community is divided with half going to Hanahan Elementary School, Hanahan Middle School and Hanahan High School and the other half zoned to Goose Creek Primary, Seigefield Middle and Goose Creek, High.

Tanner Plantation, Hanahan, SC-neighborhood close to Naval Weapons StationsThere are some multifamily units in Tanner which currently start around $115,000 but it mostly consists of single family homes starting in the $170s. Outside of the highly sought after schools, amenities and convenience are the next most admired feature of Tanner Plantation. The entire community has access to Tanner Station and the convenient Bi-Lo shopping center located at the entrance to the community. You don’t have to leave the neighborhood to get groceries, or go to the gym. Some of the popular shops available are the East Shore Athletic Club, Carolina Crust (pizza), Aztec Tanning, Tanner Nails, Hibachi Grill, Tanner Drycleaners, Buccas Restaurant and more. Community amenities are Tanner Plantation, Hanahan, SC-neighborhood close to Naval Weapons Stationslocated at the back of the Ibis Glade subsection. These amenities are only available to residents of the subsections Ibis Glade, Eagle Bluff and Edgewood Trace and include a clubhouse, community pool and playground. If amenities are important, you’ll want to make sure your search is exclusive in these subsections. Property values are slighter high in these 3 subsections due to the extra feature of these amenities. Most subsections also have sidewalks and you’ll notice residents walking pets, walking or running for exercise, and riding bicycles in the evenings and weekends.

Tanner Plantation-Neighborhood close to Naval Weapons Station, Goose Creek, SCCommuting is easy from Tanner Plantation with good access to I-526 and I-26. The mall is located 5 miles away as well as many other plaza shops with major anchor stores like Best Buy, WalMart, TJ Maxx, Old Navy and more. Wannamaker County Park is located less than 5 miles away on Hwy 78. This is a favorite summer favorite with the edition of the Splash Zone. I-526 makes a drive to the beach only 30 minutes. Downtown Charleston is only 20 minutes away so you can take advantage of history, charm, beauty and great restaurants and more. And for military families looking to live close to the Naval Weapons Station, this neighborhood is only minutes away from the base, commissary and recreation center.

Directions: From 526, take exit 19 (North Rhett). Turn left onto North Rhett Blvd. Follow N. Rhett down about 5 miles and turn into Tanner Plantation on the left.

Popular annual events include are just a hop over 526 to Daniel Island:

Daniel Island Fourth of July Parade! Dress up your bicycles, wagons in patriotic colors and decorations and join the fun.

The Family Circle Cup takes places each year and is hosted by stars like Serena Williams.

Park Day on Daniel Island celebrates outdoor living with food, activities, events for the whole family including live music and entertainment for kids, local seafood, arts and crafts, gardening activities and more.

If you are considering a move to Hanahan, SC or near the Naval Weapons Stations, SC, call or email us for more information. We would be honored to serve you in your real estate housing needs. We look forward to being your source of local information.

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We are approved by Boeing 3rd party relocation company as Charleston Boeing Relocation Specialists with Carolina One Real Estate in Charleston, SC. Contact Top Real Estate Listing Agents, North Charleston, SC Relocation Experts, Licensed Realtors® in South Carolina at 843-849-5217 or info@CharlestonRelocationExperts.com to list your home for sale or to purchase a home in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County. The Charleston Relocation Experts Team specializes in relocations, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. View all homes for sale at www.myCharlestonMLS.com

Michele Reneau, ABR, GRI, CRS

www.CharlestonRelocationExperts.com

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Best Neighborhood near the Naval Weapons Stations, Goose Creek, SC

Best Neighborhood near the Naval Weapons Stations, Goose Creek, SC

If you are looking for a great neighborhood in Goose Creek, SC, this is one of the best! Liberty Hall Plantation Liberty Hall Plantation, Goose Creek SC-best neighborhood near Naval Weapons Station Charlestonwas use to be a 18th century rice plantation. If you like history, check out Michael James Heitzler’s book, Goose Creek: A Definitive History : Planters, Politicians and Patriots for local history of the area. Development into a residential community began in 2004 by Centex Homes. There are 4 subsections within the neighborhood.

Waterford is the first section composed of townhomes ranging from 1365sqft-1700sqft with 2 and 3 bedrooms starting in price around $100K. 

Liberty Hall Plantation, Goose Creek SC-best neighborhood near Naval Weapons Station CharlestonFosters Creek subsection is modeled after downtown’s Charleston single homes with the most notable feature the large front porches and double side porches. Homes range from 1500sqft-2500sqft with prices starting in the $180s.

Brick Barn Pointe consists of 1 and 2 story homes with 1 car garages ranging from 1100sqft-1675sqft. Resale homes range in price from $135,000-$169,000.

Mulberry Park has larger floorplans with 2 car garages. There are 2 different styles of homes. The original floorplans are traditional and only available on resales. There is a newer style offered by Centex with starting build prices at $150,000 for 1600sqft up to $209,000 for 4500 sqft with 1.5-2 car garages.

Amenities are one of the most admired features of Liberty Hall Plantation. Many new communities do not have Liberty Hall Plantation, Goose Creek SC-best neighborhood near Naval Weapons Station Charlestonsidewalks. This is a neighborhood favorite as you’ll notice families walking pets, walking or running for exercise, and riding bicycles in the evenings and weekends. Head over to the park or to the well maintained amenity center which includes a large cabana, community pool, playground and volleyball court.

Liberty Hall Plantation, Goose Creek SC-best neighborhood near Naval Weapons Station CharlestonLiberty Hall Plantation is zoned for Berkeley County School district including: Goose Creek Primary School, Seigefield Middle School and Goose Creek High School.

Commuting is easy from Liberty Hall with good access to I-26 via Hwy 52 (aka Rivers Ave) or I-526 via North Rhett Blvd. The mall is located 6 miles away as well as many other plaza shops with major anchor stores like Best Buy, WalMart, TJ Maxx, Old Navy and more. Wannamaker County Park is located less than 5 miles away on Hwy 78. This is a favorite summer favorite with the edition of the Splash Zone. I-526 makes a drive to the beach only 30 minutes. Downtown Charleston is only 20 minutes away so you can take advantage of history, charm, beauty and great restaurants and more. And for military families looking to live close to the Naval Weapons Station, this neighborhood is only minutes away from the base, commissary and recreation center.

Directions: From I-26 take exit 205B onto Highway 78 east. Merge onto Highway 52 west towards Goose Creek/Moncks Corner. Pass the huge intersection at Highway 176 and at next traffic light turn right onto Liberty Hall Road. Turn left into Liberty Hall Plantation.

If you are considering a move to Goose Creek or near the Naval Weapons Stations, SC, call or email us for more information. We would be honored to serve you in your real estate housing needs. We look forward to being your source of local information.

Michele Reneau, ABR, GRI, CRS

www.CharlestonRelocationExperts.com

Follow us on Facebook at www.facebook.com/CRETeam

Why it is more important now than ever before to talk to a lender BEFORE you begin looking at houses.

I couldn't have said it better. Richard Weisser does an excellent job in his explanation. I have seen the disappointment many times with buyers who were confident a preapproval wouldn't be an issue.  And even when a buyer has a preapproval, there are still many hoops to jump.  I work with several lenders who are willing to put a buyer through underwriting where things might be questionable so that the buyer can be confident through the process of where they stand.  Not all lenders are alike when it comes to getting a preapproval.  Choose wisely. Ask your realtor for recommendations. They work with many lenders over and over and know how they operate.

Via Richard Weisser Coweta Fayette Real Estate:

 

The first step in purchasing a home is talking to a lender.I talk to potential buyers every day. Most of them give me a call about a specific property they have seen on the Internet that they want to see right away.

At some point in the initial conversation, I ask if they have talked to a lender about prequalification. Most admit that they have not, but indicate that they have excellent credit and have purchased many homes in the past.

Often, when I try to tell them that the criteria for obtaining a loan are much more stringent these days, they feel like I just don’t want to show them the property. That is only partially true. I don’t want to show them property until they talk to a lender.

There is nothing worse than having a buyer fall in love with a property that they later discover that they cannot purchase. It is morally devastating and a frustrating waste of time and effort.

It is much better start the process correctly, and to have a preapproval letter in hand, ready to attach to an offer to purchase. No time is lost, and the offer is much more appealing to the seller.

And even more importantly, it is better to discover potential stumbling blocks early in the game, when they can be addressed and corrected.

So when I ask a buyer to speak to a lender, I am not putting them off unnecessarily.  I am only doing my job as a professional to serve them better.

And to help you get the best deal on your next home purchase.

 

All content, including text, original art, photographs and images, is the exclusive property of Coweta Fayette Real Estate, Inc., and may not be used without the expressed written permission of Coweta Fayette Real Estate Better Homes and Gardens Metro Brokers, Newnan Georgia. All information is believed to be accurate but is not warranted, Copyright 2003-2009. Richard Weisser REOS, E-Pro. licensed Auctioneer. 770-827-6225.
Learn more about Coweta County and Fayette County Georgia Real Estate, and to search the entire Georgia MLS for free with no registration required visit CowetaFayetteRealEstate.com! Photos of the Great Smoky Mountains National Park.

Get the latest GA Foreclosure List Updated Daily! We Do HUD bids in Georgia! 770-827-6225

Michele Reneau, ABR, GRI, CRS

www.CharlestonRelocationExperts.com

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Don’t miss out on tax deductions for homeowners!

Don’t miss out on tax deductions for homeowners!Don't miss out on tax deductions for homeowners

1. Deduct 100% of your mortgage interest.This is easy to find on your 1098 you should have received from your bank.

2. Don’t forget your real estate taxes. Also easy to obtain from your tax assessor's office. Often, this info will also be on the 1098 you receive from your lender for your mortgage interest.

3. If you are a first time homebuyer or haven’t owned a home in 3 years and you purchased last year, you may qualify for the First Time Homebuyer $8000 tax credit.

4. If you owned a home but lived in it for 5 of the last 8 years, you may qualify for a $6500 Move Up Homeowner tax credit.

5. Don’t overlook home improvements. There is a $1500 credit available for energy saving home improvements.

Please investigate these options with your CPA and take advantage of these tax deductions.

 

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We are approved by Boeing 3rd party relocation company as Charleston Boeing Relocation Specialists with Carolina One Real Estate in Charleston, SC. Contact Top Lisitng Real Estate Agents, North Charleston, SC Relocation Experts, Licensed Realtors® in South Carolina at 843-849-5217 or info@CharlestonRelocationExperts.com to list your home for sale or to purchase a home in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County. The Charleston Relocation Experts Team specializes in relocations, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. View all homes for sale at www.myCharlestonMLS.com

Michele Reneau, ABR, GRI, CRS

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Buyer Tips - 12 Mistakes Buyers Make

Buyers should review these Top 12 Mistakes made by buyers prior to purchasing their new home in the Charleston, SC area.  A professional, expert realtor can assist you in this process to help you avoid these common mistakes.  Allow the Charleston Relocation Experts team assist you in your purchase. Call or email for a free consultation.

info@CharlestonRelocationExperts.com

843-849-5217

Via Frank & Sharon Alters, CDPE-Short Sales Jacksonville-Orange Park-Fleming Island (Watson Realty ):

If you are considering buying a new home, these 12 Home Buyer Tips will help you avoid making mistakes. Owning your own home is the single largest investment most people make, so it pays to do your homework and avoid these pitfalls. Incorporate these buyer tips into your next home purchase:

Buyers need a team of professionals1. Thinking you can do it yourself. Successful business people always form a team around them. You need a team of professionals around you, from your Realtor®, your Loan Officer, your Building Inspector, and so forth. It's great to research your own information, but then vet it with professionals who are in the trenches daily and can keep you informed as to market trends and what is really the right purchase price and location for you. Be sure you select an agent whom you feel comfortable with and trust.

2. Selecting your Loan Officer because they quote the cheapest interest rate. When comparing lenders and their closing costs, be sure you are looking at Good Faith Estimates that compare 'apples to apples' - in other words, the same closing costs. Some lenders will quote a low interest rate but have very high lender fees, so the lender with the higher interest rate might actually be cheaper. Be sure you pay attention to the APR (Annual Percentage Rate) which will disclose the true cost of the loan. It is risky to try a lender that doesn't have a track record with anyone you know.

There are some unscrupulous lenders (some on the internet) who promise very low rates, than switch them just prior to closing, saying "that program is no longer available." It is wise to choose a lender who has a good reputation for honesty and integrity and who can actually fund the loan, not just quote a rate.

3. Believing there is only one perfect house out there. This is where the 80/20 rule comes in. If you can find a house that has 80% of what you are looking for, buy it! Only if you build a house and money is no object, will you ever find 100% of what you want. Consider what you need in a house and demand that. Structural options are more important than cosmetic. Location trumps everything. You can always add wood flooring later, but that third bathroom will be hard to install.

4. Making an offer on a home without being pre-qualified. Does anybody do this anymore? This seems self-explanatory - if you don't know how much house you can afford, then you're not ready to make an offer.

5. Not having a home inspection and wood destroying organism inspection. This is the best money you will spend in the whole transaction. Selecting the most thorough inspectors can save you money down the road. Sellers usually pay for repairs when you are buying a Home Inspectors are very importanthome, but later it will be your expense. If there are extra inspections you can do, take advantage of this time to find out everything you can about the house.

Can you see yourself up on this roof and do you even know what he is doing?

6. Not buying a home warranty insurance plan. The Sellers usually pay for this. We have always gotten our money's worth on every one we have bought. This is prudent for Buyers, especially first time homebuyers.

7. Not considering long term needs. Is the home large enough for an expanding family? Will it be too large in a couple of years? Does the location work for school for the children for the long term? Will the commute distance work if you change jobs? Will the house be relatively easy to sell? (provided it is well maintained) Buying the smaller house in a better neighborhood will be better in the long run than the same house in a smaller home neighborhood just because it has upgrades.

8. Making any change in your financial situation - job, purchases, credit, etc. Do not change jobs. Do not resign from your job. Do not make any large purchases. Do not open any credit cards. Check with your loan officer for other glitches that could cause your loan to be denied. Just don't make any changes and don't buy anything except groceries and other normal purchases. DO NOT DO ANYTHING THAT WILL CHANGE YOUR DEBT-TO-INCOME RATIO.

9. Not knowing the total costs involved in buying a home. If you've been an apartment dweller, consider the cost of keeping up with a lawn (buying a mower or hiring a yard service), utility costs, property taxes and other taxes, and possible upcoming maintenance. It's no fun to buy a home and be 'house poor' where you can't enjoy life because the house is eating up every extra dollar you have. Also, homeowners insurance costs and coverage are important to know. Make sure you have proper coverage, not just the cheapest insurance.

Put the pieces of the puzzle together for a successful transaction10. Limiting your search to the internet, magazine and newspaper ads, or open houses. This goes back to #1 where a strong professional comes in. Take advantage of your real estate agent who can find homes that you may not have considered. Realize that often people buy houses that are not at all what their original search criteria was.

11. Not following through on due diligence. When there are questions, it is up to the buyer and their agent to follow through. It is important to know where roads are going through, what really is behind that conservation and is that really conservation or could houses be built behind it? Are there zoning issues that need to be addressed?

12. Renting when buying a home is more affordable. Do the math. For many people, they actually come out ahead buying a home. Consider the tax advantages of homeownership, as well as the satisfaction that having your own place brings. Our son's kindergarten teacher (husband was college professor) owned a beach home, as well as their home in town. When we visited, she confided that when they were in graduate school, they were the only ones who owned a home and that if they hadn't owned a home then, they would not be able to afford the beach home they owned today.

So do your homework, find your area of town, and focus in on what criteria are most important. Find a Realtor(r) whom you feel comfortable with and a Loan Office whom you trust, and get ready for the excitement of your new home!

13. BAKER'S DOZEN! Location, Location, Location. Do not buy a home without giving serious thought to the location. It's one of the oldest and truest sayings in real estate. Why is it so important? In today's market, location can make the difference between a home selling or not. Homes on crummy lots sit and sit. The only way they will sell is to practically give them away. Homes in marginal neighborhoods will not sell. When there are many houses to choose from, inferior locations lose out every time.

HAPPY HOUSE HUNTING! If there is anything we can help you with, give us a call! We are ready to help you with your Move Up or First Home Purchase. Use these 12 Buyer Tips for a successful purchase when you buy your next home.

  

To reach us, call or text us at 904-673-2308 or e-mail - sharon@teamalters.com

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Michele Reneau, ABR, GRI, CRS

www.CharlestonRelocationExperts.com

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