July 5, 2022

Housing Market Prediction

2022 Housing Prediction Report

If you're stressed out about a potential housing crash, you are not alone.

Google searches for "will the housing market crash" are up over 1,000% since January 2020.

Experts agree that the housing market is in for a cool-off. But the good news is that this decline won't be anything close to as bad as the crash in 2008.

What else can you expect from the South Carolina real estate market in 2022 and beyond? We're bringing you this guide to answer that question and more.

Keep reading for everything you need to know about experts' housing market predictions.

Housing Market Prediction

So, will real estate crash in 2022 or 2023? Most likely not. Luckily, the safeguards implemented after the 2008 recession have prevented the market from becoming overleveraged today.

For example, the 2008 recession resulted, in part, from a slackening of underwriting standards on home loans known as adjustable-rate mortgages (ARMs).

In 2007, 36% of all mortgages were ARMs. Today, these home loans only represent 8% of all active mortgages. For this reason and more, it's highly unlikely that we'll experience a significant real estate crash.

So, the better question is: will the current housing market boom continue for the next few years? The answer to this question is also probably no.

As we'll discuss later, inventory is on track to recover to pre-COVID levels. This increase in supply should help lessen the record-breaking price increases you've seen across the country.

South Carolina Housing Market

Now that we've outlined the state of the overall housing market, let's narrow in on South Carolina. Specifically, we'll compare South Carolina to the US in terms of home prices, incomes, and mortgage delinquencies.

South Carolina is currently an extremely hot market for real estate. This fact is due to the state's relatively low cost of living, healthy job market, and beauty.

The US as a whole saw a home price increase of nearly 21% year over year. Compare that to the state of South Carolina, which saw home sale increases of a whopping 24.56%. Here's how home prices break down by region:

  • Charleston: 21.55% year over year increase
  • Columbia: 19.05% year over year increase
  • Greenville: 19.81% year over year increase

South Carolina home sale prices are slightly higher than the national average. But when you narrow in on individual markets, the price hikes don't look so bad compared to the US as a whole.

However, incomes are also up compared to home prices. In the US as a whole, personal incomes are up 1.61% year over year. South Carolina, on the other hand, has seen income increases of nearly twice as much at 2.45%.

Finally, South Carolina mortgage delinquencies (2.09% in Q1 '22) are slightly higher than the national average (1.86% in Q1 '22). However, ARM delinquencies are slightly lower than the national average of 2.34% at 2.04% in Q1 '22.

The relatively low rate of ARMs is one reason why the current market has such high prices and reduced inventory. We'll talk about these factors and more next. 

Current Housing Market

The following three factors characterize the current South Carolina housing market:

  • Low inventory
  • High demand (especially in the suburbs)
  • Appreciating home values

In South Carolina, permits for new homes are down 7.79% from last month. That is only slightly higher than the national average of 7.34%. When you look at new home permits market by market, though, the numbers look a bit better.

For example, in the Columbia area, new housing permits increased 61.86% from May to June. Charleston and Sumter also saw double-digit gains of 25.75% and 33.33%, respectively.

Low foreclosure rates have further exacerbated supply issues. Currently, the foreclosure rate in South Carolina is only 0.9%.

Rising interest rates have recently impacted demand. Home sales were down 4.8% in April compared to earlier this year. Yet, that's very modest compared to the 16.6% decline in national real estate sales during the same period.

These stats show that, though demand has declined from its record-highs after the pandemic, it's still high. Individual markets have seen even smaller home sales decreases, with Columbia coming in at a negative 4.3%.

Finally, home values will continue to appreciate in 2022. The median home sale price in 2022 is $204,820. This price is up 20.96% year over year in Charleston, but it's actually a 0.85% decrease from the last three months of 2021.

Columbia and Greenville have also seen recent slow-downs in home sale prices. The median home sale price in Columbia declined 20.51% since June 2021 but only 2.17% from the last three months of 2021. In Greenville, the median home price dropped 25.96% in a year but only 3.14% from Q4 '21.

Housing Market Prediction

We don't have a crystal ball to help us predict exactly what will happen in the South Carolina real estate market going forward. But the above statistics do hint at what's to come.

First of all, interest rate hikes will have a negative impact on demand. Homebuyers who can't afford to pay the higher interest rates will be sidelined. Unfortunately, first-time homebuyers are part of the group that rising mortgage rates will impact the most.

At the same time, incomes are on the rise, and unemployment is declining nationally and in South Carolina. Also, the majority of millennials (the largest generation) are now adults and of homebuying age. Both of these factors could push demand right back up.

We've already mentioned that home values are appreciating in South Carolina. However, home price growth has already begun to slow. Reports show that national home prices are up over 70%, signaling that the real estate market is overvalued.

As demand continues to slow and supply increases, you can expect to see lower home sale prices compared to the last 12 months. But they won't be as low as pre-COVID prices.

Why? Because in 2021, over 8% of US residents moved to a new home, 20% of which moved to a home in a completely different state. South Carolina was the tenth most-popular state that these migrants moved to.

This positive migration rate has led to changes in income demographics in South Carolina. And this fact will force the real estate market value up. According to real estate analyst CoreLogic, you can expect a 5.6% increase in home prices by April 2023.

South Carolina Housing Market Trends

If you've been paying attention to our report, you've probably noticed some market trends so far. Inventory in some markets will recover, first-time homebuyers will continue to struggle, and more people will choose to rent.

Inventory Recovery

Home inventory hit an all-time low in 2021. But we can expect an increasing number of homes to hit the market in the coming months.

Rising interest rates will deter investors from buying properties en masse. Plus, the increase in home permits means we can expect new construction houses to hit the market in the next year.

People who wanted to sell their homes but were sidelined due to an inability to find a new home will also contribute to the rising supply. Former homeowners who did sell their homes and had to rent until more properties came on the market could reduce this effect.

The bad news is that inventory recovery won't happen everywhere. Supply issues will likely still persist in high-demand areas like suburban markets as homebuyers look for more space to accommodate their remote work lifestyle.

First-Time Homebuyers Will Struggle

70% of all US homes sold for above listing price at the beginning of 2022. This fact has made it difficult for first-time buyers to find an affordable home.

Further exacerbating the issue, mortgage rates and home sale prices are at the highest they've been in two years. Both of these factors will affect the affordability of entry-level homes.

When it comes to demand, there is good news. Investors have all but left local markets because of the rising cost of borrowing cash. Their departure will free up lower-level homes with the opportunity to put in sweat equity for first-time buyers.

However, don't expect a less-competitive market. Homes will likely go for much lower over asking than they have over the past few years. But there will still be buyers like yourself who have been sidelined and all enter the market at once.

Increasing Rental Rates

Home supply is limited. Many first-time and veteran buyers alike are struggling to afford a new home. And these factors have led to an increase in renting, which has further resulted in an extremely low rental vacancy rate.

If you know anything about rentals, communities with lower vacancy rates can charge more per unit. This is why you may have recently seen a significant spike in the price to rent.

Why should rental prices matter to you as a potential homebuyer? Because if rental prices keep increasing as they're projected to, some renters may take a chance on buying. And if too many renters try to purchase homes, it could further drive up real estate prices.

How Homebuyers and Home Sellers Can Prepare for the Future Housing Market

2022 and 2023 are looking good for both homebuyers and homeowners who are ready to list. Homebuyers will enjoy more options, while homeowners can get a lot of value for their homes.

However, these groups will also face challenges. For homebuyers, the market will be just as competitive as it has been over the last few years. And with rising interest rates, monthly payments will be higher than they would have been a few years ago.

Homeowners will face the challenge of finding a new home. If you're searching for a new home after selling your current one, you'll face the same challenges as other prospective homebuyers.

How Homebuyers Can Prepare for the Housing Market

There isn't much you can do about home prices. The majority of homes are going for above asking and receive multiple offers. So, trying to lowball isn't a good strategy in this market.

Since you can't control the price, focus on what you can control when buying a home. First, you can double- and triple-check your budget to determine what type of home you can afford. This will prevent you from wasting time on homes that are outside your budget.

Another suggestion is to act fast. Homes have been and will continue to sell rapidly. If you really want a home, you may not have time to dwell on your decision because someone else will scoop it up from under you.

How Home Sellers Can Prepare for the Housing Market

Homeowners are in a somewhat better place than prospective homebuyers. Home values are at a record high, and if your home is in good condition and priced right, you'll have no problem making a sale.

At the same time, your ability to sell your home will hinge on finding a new home to move into. This is why owners looking to sell secondary homes or vacation properties have an advantage over regular sellers.

Investors looking to sell investment properties are also in a good position going forward. You should have no problem making a good ROI. But considering the projected rental gains in the near future, you may actually consider marketing your home as a rental property instead.

Let JW Martin Help You Buy or Sell Your Home

The housing market likely won't crash anytime soon. But you can expect to see somewhat slower appreciation, increased inventory, and more competition in 2022 and 2023. We hope these tips will help you prepare for what's to come with South Carolina real estate.

Are you looking to buy or sell your home in South Carolina? Call JW Martin Homes today to find out how our expert agents can help you buy or sell your home in Clemson.

 

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June 26, 2022

Buying a New Construction Home vs. Existing Home: What you need to know!

new home constructed near Cleamson, SC,

Whenever people think about buying a home, they imagine it as a brand new property full of potential. After all, no one likes to think about the fact that a different family has lived in the space you now call your own. However, building a brand new home is significantly more expensive and time-consuming. What most people end up doing is settling for one that was made years ago. So, which is the best option for your situation? In this article, you will learn the differences between building a new construction house and buying an existing home, these will help you make a better decision on which option is best for your next home buying.

Buying New Construction vs Existing Homes

The price point is usually the big factor that people use when choosing between a new home construction and an older one. But what if you find an older home that's close to your intended design?

A new build would allow you to get exactly what you want, but it'll take time to complete. Meanwhile, an existing house could have problems lurking under the surface.

Benefits of New Construction Home

Is buying a new construction home better, and what are the benefits of investing in one?

First of all, home developers can help you construct a home in an area that normal realtors may not have access to. Instead, most ordinary realtors deal specifically with existing homes other people are selling. Building a house in an up-and-coming neighborhood can mean access to newer schools, shops, and parks.

You have the advantage of selecting whatever floor plan you desire, as well as finishes, appliances, and more. Personalize it however you want, within your budget.

New homes are generally lower-maintenance and can be made energy-efficient. The building materials used will be higher quality and brand new.

And if you decide to sell your home in the future, expect higher returns than if you were to sell an older house.

Cons of New Construction Purchase

Building a new house isn't for everyone, especially if you want to move into it as soon as possible. The cost of building homes is another factor.

First of all, construction loans have higher rates than traditional mortgage loan rates. Most lenders require a minimum 20% down payment to even qualify.

Then there's the issue of time. It can take about a month to authorize a new construction. After that, it could take up to another eight months or so before the house is completed.

Of course, there are variables such as pre-fab houses and the like. However, it's much quicker to simply buy an existing home.

Additionally, you may find an existing home in a community you want to live in. For many people, finding a community that you feel safe and accepted in is much more important than the property itself. You can't always get that when you want a fully customized home built on new land.

Benefits of Buying an Existing Home

Buying existing homes isn't as risky as people expect. You can always get a home inspection well in advance before finalizing a purchase, and any problems open up opportunities to make changes or renovate.

One of the main benefits of buying an existing home is that all the work is done for you. You don't have to worry about planning or construction. That also means that you can move in much quicker than if you built one.

On average, it only takes about half a year to shop around for a home and close on a deal. In that time, you can focus on saving up money instead of spending it on building materials and labor.

There's the added benefit of pre-existing landscaping. Already existing homes are often surrounded by trees that would otherwise take years to grow.

Cons of Buying an Existing Home

A major drawback to buying an existing home is that it may come with a lot of baggage.

Cheaping out on a home inspection could mean buying a property with poor roof conditions or mechanical problems. Even if you intend to renovate, it's important to know what to expect in terms of damages.

There may also be problems with the property itself, such as construction restrictions. Always get a current survey of the property if you intend to make good use of it.

Should I Buy or Build a House?

When deciding between building a house vs buying existing property, consider how much time you have and how much you care about personalizing it before you move in. Those two things will be the deciding factors.

If you decide to buy an existing house, you'll need to find a real estate agent. A good one can help you find something closely matching your specifications, but you may have to expand your search radius. Alternatively, they can focus on the type of community you desire, if that's more important.

When building a new house, you'll have complete control over its construction. That means you can install some must-have accommodations like smart-home technology, a cool and insulated roof, and a high-performance air conditioning system. 

Even if designing a home isn't your forte, you can still find design services that can help.

Cost of Renovations

There's always the option to renovate an existing home if you don't want to build a new one.

An important part of the home buying process is seeing where improvements can be made and what your limitations are. For example, some lakefront properties limit what kind of additions you can make.

One reason you may choose to renovate is that the renovation costs can be spread out over time. Work on fixing up your kitchen in the first half of the year and then do your bathroom later. Meanwhile, you can still live comfortably inside the house while doing the renovations.

Buying a Home You Love

The home buying process isn't always easy. If you're planning to build, then you also need to buy land. Buying a home is much simpler, but you have less control.

Either plan requires looking at real estate listings. That's where JW Martin comes in. Our local real estate agents can help you find the perfect community in the Clemson area as well as Upstate, SC.

Check out our listings online and contact us if you have any questions.

 

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Inflation and Interest Rate Effect on Home Buying

 

May 26, 2022

5 Things To Know About Waterfront Living Near Clemson, SC

Many people consider waterfront living to be a luxury and an obligation. Not only do you get to enjoy easy access to a body of water, but you also become part of the ecosystem supporting and helping it thrive.

As such, Lake Hartwell and Lake Keowee are two of the best places to live in Clemson, SC. However, that doesn't mean you should rush in to search for lakefront homes for sale without doing the necessary research.

Buying a waterfront property means dealing with a unique property layout and elements that other homes don't have to worry about. Here are five things to know when looking for lakefront homes near Clemson. 

1. Water Activities

Spending time in and on the water is the biggest part of the lake-living lifestyle. You can do anything from swimming, jetski, fish, and more. 

On the shores of Lake Hartwell is the Clemson Rowing Docks, which serves as a training area for the local university as well as a place to hang out. The floating dock makes it easy to launch a kayak or jump straight into the deep end. 

Lake Hartwell is at the center of an intersection between multiple waterways and is much larger than the neighboring Lake Keowee. As such, you can get some great sailing and fishing done. Lake Hartwell provides great conditions for sking and waterfront dining.

  • Boating - Sailing 
  • Water Sports
  • Fishing
  • Dining

Lake Keowee is well-known for its turquoise water and the beautiful landscape surrounding it. It's another premium spot for water sports and other outdoor activities. 

In particular, many amateur anglers visit the lake to catch spotted bass, largemouth bass, and native redeye bass. You're sure to make some friends on the water, some of which will likely be your neighbors. 

Dock your boat and enjoy dining and entertainment at the Lighthouse

If you're not one for swimming with the fish or catching them, you can always spend time on the shore. Each lake offers multiple recreation areas for families and their kids to visit. You can also rent a cabin or try your hand at camping. 

2. Shoreline Permits

A major feature of owning a waterfront home in Upstate, SC is the easy access to the lake. While convenient for those who spend time on the water, it also means that you're limited in terms of what you can do on your property. 

For example, you would need to get approvals and\or permits if you want to make some improvements to a boathouse or dock. Even if you're building a small dock for your own personal boat, you'd still need a permit.  Some waterfront properties are prohibited from any shoreline development, including boat docks. 

Homeowners must obtain proper permits if they want to do anything related to construction on their property. The city council can grant these to you following the state regulations or other regulations. It may still take some time to get it, though.

Make sure to plan out everything you intend to do or solicit the help of a local builder if you want a smooth process.

Check that the existing structure was approved before you bought the property. Also, you may not be able to DIY renovations for certain waterfront structures. There are set guidelines and regulations for repairs and additions that may be better left off to a contractor. 

3. Water and Sewage Options

When searching for Lake Hartwell homes for sale or a Lake Keowee home for sale, see what kind of sewage and water systems they have preinstalled.

While some owners can irrigate their property with lake water, others are banned from doing so. The kind of access you have to the water will vary from place to place. 

As for your sewage system, repairing or upgrading it is a complicated matter. If a job is done wrong, then you could potentially contaminate the lake water and get dealt a hefty fine. 

The best types of septic tanks for a waterfront property are concrete and plastic. Both are durable and work well near water sources. 

Your septic tank should be a certain distance from any body of water. Most places require a minimum of 50 feet from springs or lakes. However, your septic company will likely recommend at least 100 feet of clearance for a lake property. 

This distance may limit where you can place your septic tank as well as how you can use your property. You may also have to pay more for maintenance depending on the conditions of the ground on your lakefront property. 

4. Wildlife Encounters

Don't be surprised if you stumble upon some of South Carolina's lake wildlife when you step out your front or back door. Whether or not that's a good thing will depend on your own personality, but it's something to prepare for. 

In particular, you may have to deal with Alligators in some areas. Even though they were once a federally endangered species, they now hold the title of "threatened". You may also find, and more readily welcome, deer, foxes, turkeys, and turtles strolling through your property.

Remember to save the number for your local Department of Natural Resources (DNR) in your contacts, just in case. 

5. Risks to Your Home

Lakefront homes for sale in Upstate South Carolina are more at risk of damage from storms due to their vicinity to a large body of water. It's not uncommon for a lake to rise during heavy rain, and you may have to deal with excess flooding on your property. 

Outside of storms, your home will be more susceptible to water damage, erosion, and rust. Most lakefront houses are built with materials resistant to these types of damage. However, that may or may not include any additions or renovations completed since then. 

Homeowner's insurance for a waterfront property may cost more, but it'll save you down the line when mother nature strikes. 

Find Lakefront Homes for Sale

Even though lakefront homes for sale come with their own set of challenges, there are also numerous privileges. Easy access to water means every day can transition into a fun excursion. Lake houses also have a high resale value. 

If you're interested in buying a lake house, real estate agents at JW Martin Real Estate can help. Our agency features properties on Lake Hartwell, Lake Keowee, and other lake homes for sale in Upstate, SC.

Contact us to speak with a local agent and learn more about our listings. 

 

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Best Places to Live: Clemson, SC.

Posted in Lakefront Living
May 16, 2022

Real Estate Investing Guide for Beginners

Real estate investing is one of the most popular investments in the world, and for good reason. Millionaires still agree that it's the best investment around today, and that's for many reasons. No matter what investments are on the news, real estate has withstood the test of time!

However, you still need to know how to get the most out of your investment. Luckily, we can help with that! Let's talk about how to invest in real estate for beginners.

Types of Real Estate Investments

Real estate investments are not all the same. Before we discuss how to get your foot in the door, let's go over the different types of real estate investments, their pros and cons, and see which is right for you!

Investing in Rental Homes

Rental homes are two, three, or four-unit houses that you can rent out to tenants. In terms of getting the most out of your investment, this is hard to beat. Not only do you receive rental income every month, but you will always have the option to resell the home, potentially for a profit.

However, it's important that you know how to buy investment homes to maximize profits. One of the best-known methods for investing and growing a rental business is called the BRRRR method, which stands for buy, rehab, rent, refinance, repeat.

Essentially, you buy a fixer-upper, put the work in, rent it out, cash out, refinance, and use that money to buy the next property and do it all over again. If you fix up a property, you're increasing its value, which means you can flip it for a back-end profit if you choose to, or you can continue earning rental income.

Alternatively, you can invest in a turnkey rental home, where all you have to do is "turn the key". If you have the money to invest in such a property, this carries a much lower risk of needing major, unexpected repairs early on in your investment, and eliminates the need to find tenants. Either way, you can use a rental property calculator to see your potential earnings.

You can choose to live in the property and allow your rental income to cover a lot of your expenses, or you can live away from the building and rent out all of the units. You can even hire a property manager to do all of the work for you and earn passive income from the property!

Invest in Condos and Town Homes

There are some unique differences and variables with investing in condo buildings or townhomes when compared with other real estate investments. Of course, the first is that people will buy these units, not rent them. Think of this investment as buying an item wholesale and selling individual units at retail prices.

However, condos and townhomes aren't like selling candy bars. There are other ways you can earn money from them beyond just resale, especially if you're responsible for the homeowner's association. If so, you can try:

  • Monthly maintenance fees
  • Repair fees
  • Coin-op laundry services
  • Specialized fees
  • Security services and fees

There are other ways, so get creative! One of the advantages of this type of investment is that you aren't as liable as you would be when renting out each unit. The owner of each unit is responsible for the maintenance and costs of their units once they make the purchase.

Real Estate Investment Trust (REIT)

REITs are popular investments that are similar to trading stocks, and they are the easiest real estate investment to start. An REIT is a company that buys rental properties and takes public investments. They have to give at least 90% of those profits to investors in the form of dividends to be considered an REIT.

Whether you have $1,000 or $100,000 to invest, this is a great way to get your foot in the door with real estate investing, and earn some passive income along the way.

These dividends could be anywhere from 1.5% to 10%, depending on the company and the housing market. They may pay annually, quarterly, or monthly. Always do your research before jumping in!

Flipping Homes

Flipping homes can come with a huge profit margin on the backend if you know what you're doing. In many cases, investors can receive over a $100,000 profit in under a year for their work, especially if they can handle some repairs on their own, and if the market is helping them.

Some investors consider this too risky due to housing market fluctuations. However, if you're not holding the property for too long and you can resell it within the year, the chance of a substantial dip in the market is low. As long as you know how to save when buying homes, you're likely to make a profit.

If you're handy, you can save a small fortune by doing some of the work yourself. This is especially beneficial for simple work that doesn't involve major structural repairs. For example, replacing doors, flooring, and drywall may cost less than $10,000 on your end if you do it yourself, but it could add that in value several times over!

Regardless of what needs work, always hire a thorough inspector to tell you exactly what needs repair, and plan for the unexpected. If you calculate an $80,000 profit margin, replacing the roof could cut into that substantially.

Investing in Your Own Home

If you're a homeowner or you'd like to be one, why not make some money off of your current home? If you want peace and privacy, buy a single unit to live in and get some work done. There are countless ways to earn money off of your home.

For starters, you can rent out an extra space you have on Airbnb or build an accessory dwelling unit (ADU) on the property to do so! Short-term rentals in the right area could go for anywhere from $100 to $300 a night!

You can also do some basic home renovations and landscaping to increase the value of your home, as long as you aren't overspending. When you go to sell it or rent it out later on, years of increasing your home value by small amounts will add up significantly, and you'll have a lot of fun along the way!

Also, you could consider adding an addition to your home for a second unit to rent out. This would be the most expensive option on this list, but it's something to consider!

Self-Directed IRA Real Estate Investing

A lot of people choose to invest in real estate to enjoy a secure retirement, so what if we told you there was a better way to do it? Using your existing IRA retirement fund, you can invest in real estate using that fund for all property-related expenses, and all of the profits will go to your IRA.

This way, it will be a self-managed investment, but you'll rest assured that all of the money will be taken out of and replenished in your IRA. If you have 10, 20, or 40 years until retirement, imagine how much that could add up to?

Funding Your Real Estate Investment

Very few of us have the money lying around to purchase our first property with cash, so we often need to look for alternative funding sources. You may want to consider using an agent to help you lower the price, but there's still going to be a large bill at closing. Unless you're investing in an REIT or crowdfunding your real estate investment, then you will likely require loans or private investments.

The benefit of investments is that you can find them online, they won't impact your credit, and you may not have to jump through as many hoops. However, the investor will be owed a proportionate amount once you start generating profit on the property.

For loans, you will only owe back what you took out plus interest. However, if you don't have great credit or income, it may be difficult to take out a loan. Also, you may be hit with fees for flipping a property and paying off the mortgage too early.

You can use bridge loans for these, but they typically come with higher interest rates. Also, if something goes wrong, you're the one who is liable, not the lender. This puts your credit at risk in the event the investment goes sour.

Start Your Real Estate Investing Business Today

Real estate investing is one of the most common investments for a reason. The potential is enormous, you're in total control, and you can get started for such a limited amount. However, you're also liable for everything.

Do your diligence, get thorough inspections, and shop around for the right markets, loans, and tenants. The only way to protect these investments is preemptively, so never make an impulsive decision when investing in real estate.

Stay up to date with our latest real estate investment tips and feel free to shop with us to find the right property for your needs!

 

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April 27, 2022

Best Places to Live: Greenville, SC

Downtown Greenville Water Falls

 

If you’re thinking of dodging the long commutes and the high costs of living and relocating to the sunny Southeast, life in Greenville, South Carolina, could be just what you’re dreaming about. With an affordable cost of living, high quality of life, great job opportunities and a family-friendly vibe, there are many reasons to move to Greenville.   

Living in South Carolina has plenty to offer. And, as one of the best cities in South Carolina, Greenville checks many boxes for those looking for a comfortable and enjoyable place to live.

Here’s the lowdown on Greenville and why it’s one of the best places to live in the South.

Is Greenville SC a Good Place to Live?

Absolutely! Home to almost 71,000 people, Greenville was among the country’s fastest-growing cities in 2017. In 2020, it was listed as one of the fastest-growing cities in South Carolina. Greenville is certainly blossoming.

The city’s development and appeal hasn’t gone unnoticed, with several publications singing Greenville’s praises.

Life in Greenville provides a mixed urban-suburban feel, while being conveniently close to major highways and just a couple of hours from Charlotte, NC, and Atlanta, GA. Plus, if you want to go further afield, GSP Airport is close to hand.

The climate is pleasant for most of the year, with warm sunny summers and mild winters, providing the perfect opportunity to get out and about and enjoy the area’s diverse outdoor adventures. There’s plenty to do in the walkable downtown too, giving you lots of ways to fill your leisure time.  

Why is Greenville SC the Best Place to Live?

If you’re looking for affordable living in the South, you’ll be delighted to know that the cost of living in Greenville is a fair bit lower than the national average, with housing and transportation especially affordable when compared with national figures.

You can leave the long commutes behind — in Greenville the average commute is just 17.5 minutes — and spend more quality time with your family and friends or simply doing what you love.

Around 44% of the local population own their home, meaning there are plenty of rental options for while you’re browsing homes for sale in Greenville.

There’s a good choice of modern Greenville real estate too, with around 25% of all homes having been built in the last two decades. On the other hand, if you fancy living in a historic building with character, you’ll find that in Greenville too. There are housing options to suit diverse tastes and budgets.

The median age is 35, with plenty of young professionals calling the area home. When it’s time to kick back, there are myriad dining, shopping and recreational hotspots. And, other benefits of living in Greenville? Great job opportunities, highly rated schools, good health care, awesome events throughout the year, mountain foothill living in the shadow of the Blue Ridge Mountains … we could go on!

Is Greenville SC a Rich Area?

Greenville is a relatively wealthy area to live, with a higher-than-average income. Greenville residents earn, on average $31,043 per year as compared to the U.S. average of $28,555.

Is Greenville SC a Clean City?

Yes. Greenville’s streets are clean and attractive. Even better, the air quality in Greenville is constantly improving too.

Is Greenville SC a Good Place to Raise a Family?

Yes! In fact, in 2016, Greenville was named as one of the top-four best places in the U.S. to raise a family.

Greenville offers the best of Southern living, with a laid-back atmosphere and plenty of famous Southern hospitality. There’s often a strong sense of community and the city hosts a number of exciting family-friendly festivals and events throughout the year.

Parents can spend more time with their children, thanks to shorter commute times and a better work-life balance. There’s also a wide choice of public schools, many of which are highly rated, as well as colleges and universities. Older children looking to further their education have a wide choice of courses to consider at Clemson University, Furman University, Strayer University and Bob Jones University, to name just a few.   

If you’re looking for places to take the kids on days out, Greenville boasts the Smithsonian-affiliated Children’s Museum of the Upstate, as well as Greenville Zoo and a wealth of natural attractions almost on your doorstep.

Families can enjoy days in nature, enjoying fresh air and active adventures. You’ll also find a wide choice of regular child-pleasing things to do, such as movie theaters, bowling alleys, parks, play areas, leisure centers and concert halls.     

What is the Best Neighborhood in Greenville South Carolina?

Greenville has many charming neighborhoods, each with its own appeal. Some of the top places for buying a home in Greenville include:

  • North Main – A historic neighborhood close to downtown, there are many shops and local businesses within easy reach, as well as peaceful green spaces.
  • Overbrook – Within convenient reach of downtown, Overbrook has larger homes and a mature vibe.
  • Hampton-Pinkney – Victorian-style buildings line the streets and the neighborhood boasts museums, parks and restaurants.
  • Augusta Road – With a blend of older and newer properties, a major plus point of living in Greenville’s Augusta Road neighborhood is the close proximity to some of the city’s best schools and a large shopping area.
  • Gower Estates – Close to downtown, those living in Gower Estates can enjoy privacy in spacious homes set back from the streets.
  • West End – Near downtown, the historic neighborhood has a good choice of amenities and is close to the baseball stadium.
  • Heritage Green – North of the city center, Heritage Green is surrounded by local amenities and is home to Greenville County Main Library and Greenville Little Theater.  
  • West Greenville – Once a textile mill village, the pedestrianized area has seen lots of development to become a sought-after neighborhood with lots of commercial activity.

What is the Nicest Suburb in Greenville SC?

If you prefer suburban living, some of Greenville’s best suburbs include:

  • Botany Woods – Particularly popular with young families, the intimate tree-lined community has a good safety record.
  • The Cliffs – With a village-like ambiance, The Cliffs has spacious homes and a pleasant vibe. Golf-enthusiasts will love the nearby course too.
  • Simpsonville – The peaceful suburb has lots of parks and is a favorite with young professionals and families.
  • Five Forks – Within easy access of the city, Five Forks is ideal if you’re looking for a rural atmosphere.
  • Powdersville – Schools in the close-knit community of Powdersville typically perform very well and locals have a mixture of nature and modern amenities nearby.

Who are the Largest Employers in Greenville SC?

If you’re looking for good jobs in South Carolina, you’ll be pleased to know that Greenville is home to many large companies, with plenty of employment opportunities in a variety of industries and sectors. The local unemployment rate is just 4.4%, which is lower than the national figure of 6%.

One of the city’s biggest employers is Michelin North America. Home to the North American headquarters as well as a research and development center, the company provides jobs to more than 4,100 people.

Other large employers in Greenville include:

  • GE Energy
  • Bon Secours Health System
  • Greenville County School District
  • Moore’s Food Resources
  • Caristrap International
  • Furman University
  • Sealed Air Corporation
  • BMW

Relocating to Greenville

Family-friendly, great for young professionals, a high quality of life, great leisure options, easy access to nature, affordable housing and living … Greenville really does have it all. Whether you’re dreaming of city life, lakefront living on Lake Hartwell, lakefront living on Lake Keowee or life in a tranquil rural suburb, move closer to your goals and start planning your move to Greenville. Contact a professional, personable and trusted realtor to discuss buying a home in Greenville. You’ll be in your perfect new home in next to no time!

 

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Clemson, SC

Best Places to Live: Clemson, SC

 

Lake Keowee in South Carolina

Resort and Active Living at Lake Keowee

April 11, 2022

Lake Keowee Living

Lake Keowee - Keowee Key Community


Lake living and lifestyle is rewarding in many ways, and life on Lake Keowee is even more. Searching for a lake home or lake lifestyle in South Carolina can be a challenge.  There are many things to consider before visiting or buying a home in the Lake Keowee region. Read more below about Lake Keowee living and answers to most common questions.



What’s the Best Lake to Live on in South Carolina? 

Searching for the best lake to live on in South Carolina is certainly subjective. However, most will agree that Lake Keowee in Upstate South Carolina is one of the best places to live and play, even retire. The lakefront communities surrounding the lake offer a healthy lifestyle in nature's beauty. For those who like resort style lakefront living, Keowee Key provides amenities such as a marina, swimming pool, gym, golf course, tennis and more. For those seeking adventure there are mountain trails, campgrounds, waterfalls and water sports. Lake Keowee is voted as Best Lake in South Carolina because it offers a lifestyle for everyone at any budget.  

Is Lake Keowee a Nice Place to Live?

Assuming that “nice place to live” means friendly, attractive landscape, entertaining, healthcare and culture. So, let's break those categories down one by one.

1. Is Lake Keowee a Friendly Place?

You'll enjoy southern hospitality that is friendly and welcoming everywhere you go. The region's friendly, warm and welcoming culture is common throughout. The communities and residents embrace social lifestyles like those in The Cliffs' Social Clubs.  For families there are kid's camps, family events and recreational programs. Lake Keowee is also friendly to pets, so don't hesitate to bring pooch. The four-legged loved ones are welcomed almost everywhere, restaurants, parks, trails and local stores. The area even has activities specifically for dogs, visit BringFido  to browse all the dog parks and activities around Lake Keowee. The community shines with smiling and greeting locals. 

2. Is Lake Keowee Majestic?

Lake Keowee is the most majestic lake in South Carolina and one of the most beautiful in the United States. The clear emerald water of the lake with a backdrop of cliffs and mountains (Blue Ridge Mountain on the North End), makes Lake Keowee a picturesque wonder. The mature nature, spectacular mountains, waterfalls and clear lake coupled with a perfect four-season weather make Lake Keowee living best rated.  The lakes beauty is to admire and enjoy all year so, whether it's the summer water activities, fall's color changes or the mild winter, the region is beautiful and mesmerizing year-round.

3. What To Do Around Lake Keowee?

What is there to do around Lake Keowee? The area provides abundance to do's regardless of age, gender or like. Here is a To-Do List in Lake Keowee that will satisfy anyone:

To Do Outdoors:

boating on Lake KeoweeBoating on Lake Keowee

To Do Dining:

Lighthouse Restaurant and Cabana on Lake Keowee

Lighthouse Restaurant and Cabana on Lake Keowee

To Do Indoors:

Museum of the Cherokee Indians in South CarolinaMuseum of the Cherokee in South Carolina

4. Is Lake Keowee a Good Lake?

Lake Keowee is a great lake for all lake activities, lakeside living and recreation.  There are also restaurants, bars and marinas on the shores of the lake. Lake Keowee is approximately 30 square miles and 26 miles long.  The lake's size and beauty is good for:

  • Boating, Jet-Skiing, Wakeboarding, Water Skiing, tubing
  • Swimming
  • Fishing
  • Dining

5. Is Lake Keowee a Good Place to Retire?

Yes, if you are looking to depart the city life for a rural unspoiled region that is picturesque. The Lake Keowee region has 55+ communities and activities for all retirees. The lake region is near Clemson and Greenville where retirees will find the best health care and medical support.  From arts and crafts to golf and shuffleboard, active retirees will find fun and active lifestyle at Lake Keowee, SC

Conclusion:

Lake Keowee has a lifestyle for everyone regardless of age. It's a region where singles, families and retirees can enjoy life. Locals enjoy nature’s beauty, crystal clear lake and resort living. You can get more information and tour the region with a local expert like Joseph "Joey" Martin from JW Martin Lake Team.

 

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Best Places to Live: Clemson, SC.

 

Home Buying Mistakes to Avoid

 

Posted in Lake Keowee Living
March 30, 2022

Best Places To Live: Clemson, SC.

Life in Clemson, SC.

You made it through yet another winter, but now you're serious about relocating and escaping the snow, long commutes, and the high cost of living. High on your list are quality of life, affordable housing, a temperate climate, and an excellent place to raise your family.

Living in South Carolina seems to have a lot to offer. So, what are the best cities in South Carolina? You've seen good things about the northwestern part of the state, how about relocating to Clemson? Living in Clemson, lakefront living on Lake Hartwell, or lakefront living on Lake Keowee might tick all the boxes. And having Clemson University there adds a lot to entertainment and community life.

So let's take a closer look at life in Clemson, SC, and see what makes it one of the best places to live in the South.

Living in Clemson

Is Clemson a good place to live? Starting with the obvious, Clemson is a college town, home to one of the country's top public research universities. There's no doubt that the city and school's special relationship goes a long way in explaining why Clemson has so much to offer. 

With a population of 16,500 (and another 20,000 plus college students), Clemson is small enough to be highly livable and large enough to offer everything you need. Oh, and those long commutes? Forget it. The average commute is 18 minutes - and gas costs less than the national average! 

In terms of demographics, Clemson is young - all those college students - and highly educated. 60% of residents have bachelor's degrees, and 15% hold doctorates.

Is Clemson a safe city? Yes, and Clemson is very family-friendly, with roughly 40% of Clemson households being home to young children. In addition, the local elementary, middle and high school (D.W.Daniel High School - built 1n 2010) consistently rank among the best in the state.

Affordability

Are you looking for affordable living in the South? Clemson's cost of living is well below the national average - almost 13% less. With lower prices for gas, food, and all of the other essentials, Clemson ranks as highly affordable. And that extends to affordable housing.

Whether you're looking at homes for sale in Clemson or lakefront living on Hartwell or Keowee, the average home costs less than the national average. As a result, property taxes are proportionately lower, too.

And with 41% of Clemson residents owning their own homes, rental options are extensive. Renting in the area while your realtor searches for the perfect home for you to buy is a popular option for newcomers.

The Clemson area offers affordable southern living to suit any taste and budget, from waterfront communities to condos, from historic homes to modern subdivisions.

Economy

Within the city limits, Clemson businesses and institutions employ about 8,000 people. Unemployment is low - again, much lower than the national average.

Not surprisingly, 30% or so of the jobs are related to the University's role as the area's prime economic driver. Education, retail, hospitality, professional services, manufacturing, and a growing number of entrepreneurs also play a significant role in the area's thriving economy.

Although average household incomes are slightly below the national average, Clemson's affordability and much lower cost of living more than offset the difference.

Dining

Clemson's vibrant dining scene offers food for any taste, budget, and occasion. Carolina barbecue or fresh sushi, raw oysters, or low country boil? Not a problem.

Clemson's homegrown dining options range from southern cooking to creative, farm-to-table cuisine. Of course, you'll find all the casual options you expect to see in a college town - fresh pizza, outstanding burgers, ethnic food for every taste.

Clemson is home to a surprising number of upscale restaurants for a small city. Classic American cuisine, fantastic steak, and seafood - Clemson has it all.

If you're just in the mood for tried, true and fast, most of the major national chains have local outposts too. But, whatever you do, don't forget to try the University's own beloved Clemson ice cream!

Things to Do

Life in Clemson offers a list of attractions that far outweigh its family-friendly size. Buying a home in Clemson means you have a long list of things to do.

South Carolina's 295-acre Botanical Garden, home to thousands of species of native plants in natural and cultivated gardens, offers classes and demonstrations. Also on the grounds is the Bob Campbell Geology Museum, housing more than 10,000 minerals and fossils.

Sports fans know Clemson University's Memorial Stadium - Death Valley - as home to the Clemson Tigers' top-ranked NCAA football team. Since it was built in 1942, the stadium has been renovated several times and now seats 81,500 fans.

The historic homes dotting the area, including Fort Hill, Hopewell Plantation, and Hanover House, are well worth a visit.

Brooks Center for the Performing Arts hosts stellar musical, dance, and theatrical productions in its 979 seat auditorium. Or take art classes in drawing, ceramics, photography, and more at the Arts Center of Clemson.

The Great Outdoors

Nestled against the foothills of the Blue Ridge Mountains, Clemson is at the center of an outdoor paradise. Take a hike in Clemson's 17,500-acre experimental forest on more than 100 miles of trails.

With more than 200 recorded species, the reserve is a birdwatcher's paradise. Like waterfalls? Hike to Six Mile Creek Falls, Wildcat Falls, Waldrop Stone Road Falls, Todds Creek Falls, and Meadow Falls.

If walking with a bag of clubs is more your style, Clemson's Walker Course - one of the top collegiate golf courses - is accessible to the public. A par 72, 6911-yard course, it's known for the signature 'Tiger Paw' green at the 17th hole.

Clemson's parks - large and small - offer everything from fountains to walking trails along the lake to sports fields.

Are boating and fishing your passion? You'll love Lake Hartwell. A 56,000-acre reservoir fed by the Savannah, Seneca, and Tugaloo Rivers, Lake Hartwell connects South Carolina and Georgia. 

Small and largemouth bass, bream, catfish, crappie, and stripers make exceptional fishing.

Take the Next Step

Affordable, family-friendly, great quality of life, Clemson has it all. And now is the time to take the next step towards living in Clemson and leave the snow behind! Contact an experienced, trusted, and knowledgeable realtor who can partner with you to find the perfect Clemson real estate. 

 

More:

Homes Buying Mistakes 

 

Home Buying: How Much Can You Afford

 

 

March 15, 2022

Home Buying: How Much Can You Afford?

With 30-year mortgage rates still under four percent, you and your wife have been talking about looking at a bigger house. The kids aren't getting any smaller, both of you are working remotely, and a home office would be great. 

Add in the benefits you'd get with the inflation factor and rising house prices, and this seems like the right time to look at home buying. But the big question is how much can I afford? What should we be looking at before we commit?

Let's take a look at the different things to consider.

Home Buying Considerations

There are plenty of formulas giving you a good idea of how much home mortgage to consider taking on out there, and mortgage calculators can run the actual numbers for you. But those are just the basics. You should also take an honest look at some more personal factors.

Household Income

Before you commit to a 30-year mortgage, get out your crystal ball and look at the future as realistically as you can.

Where do you see your household income going? Are your jobs secure? Are both of you planning to keep working full-time? How's your industry's future looking? 

Are you planning on having more children? Are there any health issues that you should take into consideration?

Of course, no one can predict the future, but you can prepare for it by asking yourself these questions.

A basic rule of thumb says that you shouldn't spend more than 28 percent of your household income on your mortgage and interest and that another eight percent should cover all of your other debt. So how do your numbers stack up right now? How do they look, as best as you can tell, in the future?

Debts vs. Income

You might have a sophisticated home budget spreadsheet with lots of lines, or you might not. Either way, you need to know how much debt you have to pay every month.

These are your fixed, non-negotiable costs - mortgage, utilities, car payments, credit card debt, internet, cell phone - and they shouldn't exceed 40 percent of your income. That's your debt ratio. You'd like that number to be much less, but the 25 - 40 percent range is where most households are.

Why 40 percent? Because the 40 percent number is the upper limit most lenders use when evaluating mortgage applications. If you're carrying more debt than that, securing a mortgage will be much more challenging. In terms of qualifying for a mortgage with good rates and down-payment, you'll be in much better shape when you're well under 40% debt to income.

Anything you can do to lower your debt without wiping out your emergency fund is worth it. For example, are there some credit card balances you can pay off? If yes, that's worth doing.

Credit Rating

You probably have a good idea of your credit score, but if you don't, get your free credit report - everyone's entitled to one free report per year.

Check it over carefully. Your credit score is probably satisfactory if you don't see any issues or errors. A good score? Anything over 700 is good, and an excellent score is anything over 800.

On the other hand, if you've had some late payments or see some outright errors on your report that might put you below 700, then it's worth paying to get your score. You don't want any surprises when it comes time to approach lenders - and remember that better credit scores mean lower interest rates and less down-payment.

Cash Reserves

Financial planners like to say that you should keep an absolute minimum of three to six months worth of household expenses in an emergency fund. And that's on the low side.

The amount that's right varies based on personal circumstances. For example, how much equity do you have? How long would it take you to find a new job (the average time is eight months, by the way)? 

Once you've set aside your emergency funds, you'll be in a far better position to know how much of a down-payment you can make on your mortgage. 

Comfort vs. Risk

When you ask yourself the question, 'how much mortgage can I afford,' it's important to remember that each of us has a different comfort level regarding financial risk. A relatively high debt to income ratio isn't a problem for some of us.

And then, for some people, any debt is enough to cause sleepless nights. Most of us fall somewhere in the middle. Remember that it's essential to be comfortable with whatever your personal situation is wherever you are on the scale.

Home Buying

You've taken the time to consider all of these factors, and you've got the answers you need. You know your debt to income ratio, you've used your crystal ball, your credit score is good, and your cash reserves are all set.

$485,000 is the number you came up with. So you and your wife are comfortable looking for a home in that price range. Now the fun part begins, and that's starting the actual search for your next house!

The next step is to contact a realtor who can lead you through the process of looking for the perfect home. 

Since you want to stay in the Clemson area, you want someone who knows the area - and the real estate market - like the back of their hand. And because buying a house is the single biggest investment most of us ever make, your agent has to be someone you trust. 

The Bottom Line

With low mortgage rates and the benefits you'll get from inflation over the life of your mortgage, now's a great time to look into home buying! You and your wife are both comfortable with the price range you'll be looking at and confident the numbers are all in line.

Now's the time to start talking to an experienced, trusted local agent - giving them all of the details of what you're looking for - and allow them to begin working for you. They'll guide you through the process as smoothly as possible. Oh, and don't forget to mention you need that home office! 

 

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Do I Really Need a Realtor?

New Home in near Clemson, SC.

Should I Buy an Existing Home or New Construction Home?

Posted in Home Buying Advice
Feb. 24, 2022

Inflation Effect on Home Prices

Home For Sale near Clemson

 

Keywords to optimize the article for: homes for sale, real estate for sale, buying a home during inflation, how does inflation effect home prices, should I buy a home during inflation period

 

For most people, inflation is frightening, particularly at the levels we're seeing now, 6 - 7%. Everything is heading up. Gas prices are already 50% higher than a year ago and still rising, and the list goes on.

So your immediate reaction to inflation, buy less and spend less, is perfectly natural. Likewise, if you've been thinking of buying a home - you see those homes for sale ads - you're probably having second thoughts.

But contrary to what most of us think, many experts believe that buying a home during inflation is a smart move financially.

Let's look at the factors that make buying a home during inflation attractive and see just how does inflation effect home prices.

Pandemic: Inflation: Home Prices

Labor shortages, supply chain disruptions, and rising material costs have put a big damper on new house construction. Modular home prices are way up, and the average home price in the US rose nearly 20% over the past year and a half.

Add to that a big gap between demand and record low availability for existing homes, and home prices will keep rising through 2022. In addition, more first-time buyers (including Millenials) are entering the market than ever, contributing to demand.

Inflation and Rent 

Over the last year, rent increases have been outpacing inflation by a large margin. Some estimates show rents for one and two-bedroom apartments rising by nearly 14% during 2021 with no let-up in sight.

Why? High demand is one factor. Another is that many landlords delayed annual rent hikes during the pandemic and are now making up for flat rents during 2020 and 2021. 

The bottom line is that now is not a great time to be renting, with rental price increases continuing to outpace inflation. In addition, since renters aren't taking advantage of low mortgage rates and rising home prices, they are taking a double hit during this inflationary period.

Given all of that, you might want to take a look at real estate for sale. Locking in a home price and monthly payment makes sense.

Homes for Sale: Take Advantage

For home buyers, inflation is not the enemy. In fact, with a 25 or 30-year fixed mortgage, you can make inflation start working for you. Here's an example.

Let's say you purchased a home 20 years ago for $163,000, rightfully thinking that was a lot of money. But with inflation alone, that $163,000 is now $250,000 - and that's without including anything for rising home values.

And we all know that over time, home prices keep on rising, quite apart from inflation. Add to that the fact that mortgage rates are running far below the inflation rate, and there's yet another reason to move into the home real estate market. 

Buying a Home During Inflation: Makes Sense

It's a fact of life that throughout 2022, we'll keep seeing prices rising for food, gasoline, and everything else. The average home price in the US and mortgage rates are sure to go up, too.

But all of that gives you the opportunity right now to lessen inflation's impact on your finances. Should I buy a home during an inflation period? The answer is yes!

Search homes for sale near Clemson to start exploring homes for sale and see how we can help you!

 

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Buying a New Construction Home Vs. Existing Used Home

 

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Jan. 15, 2022

Why You Need a Realtor

Home buying and selling advice

The US has approximately 120 million occupied housing units between owners and renters. At some point, all of these homes were bought or sold by homeowners or investors.  Would it surprise you to learn that 92% of all homes sold in 2021, were sold with a realtor involved?

The home buying process can be a daunting one, especially in the current hot housing market. In a bustling market, not only can it be a challenge to find a home, but also tricky to be the one that gets the winning bid. 

Using a realtor is beyond valuable, whether you're buying or selling, to navigate the current real estate climate. When you secure a  real estate agency that understands your needs for home buying or selling, they can make all the difference in the process. 

Read to learn more about why you should use a realtor for your real estate needs. 

Before Buying a Home, What Should You Do?

There are a plethora of home buying mistakes you can make as you look for the perfect home to buy. You want to approach the home buying process with careful thought and planning. 

You want to have a good handle on your financial situation including the amount of debt you have, your credit score, and savings for a down payment. You want to do some real thinking about what you hope to get in a home and from what neighborhoods. 

Before you run out looking at the homes for sale, maybe ones way out of your reach, you need to think through what you can afford too. 

Working through this process can be streamlined and guided by an experienced real estate agent. They know how to help their clients figure out what they want and need in a house and where they can potentially find it within their budget. They will also be honest with you when your expectations might not be in line with reality.

Before you jump too far into the home buying process, interview some real estate agents. Find an agent you feel comfortable with, who can give you honest feedback and guide you through making this huge purchase.  

Before Selling a Home, What Should You Do?

 You might be thinking or hoping the best way to sell my house is to put my home for sale by owner. You would be making a big mistake. 

You might be thinking I can do the things a realtor does and save the commission. Guess what? When homebuyers see a house for sale by owner, they expect to score a bargain. Statistically, homes for sale by owner sell for less money and you still do the work. 

When you list your home with a realtor to sell, you get their expertise at pricing it right. You get their ability to market it for you and you get their feedback to make sure the house is sell-ready. When you get offers, you also get their expertise at navigating a negotiation. 

Yes, you will pay for those services. But in the end, you usually still end up ahead of where you might have been when trying to go it alone.

Why You Need a Realtor to Buy and Sell

For the same reason, you need a mechanic for your car and a stylist for your hair, you need a realtor for your house. They are experts at what they do and know how to navigate the waters of buying and selling a home. 

Let's take a closer look at some of the specific reasons you should work with a realtor for buying or selling. 

Expert Guidance 

There are some common mistakes homebuyers make if they approach the process without a realtor. A licensed real estate agent has the expertise to guide homebuyers through the process and point out potential problems before they happen. 

If a homebuyer is looking at a house, they may not notice things that an experienced agent sees. Likewise, a home seller can get the expertise of a realtor to help them get their home sold quickly. 

Objective Opinions

Buying and selling a home can be an emotional experience. People get excited and it's possible to not see important aspects of the house. 

A realtor can provide an unbiased opinion without the added emotion to guide you through the process.

Market Knowledge

An experienced local real estate agent has market knowledge that can be invaluable as you look at a certain area. Even from one town to the next, knowledge of neighborhoods, schools, and homes that might be available. 

The realtor will have a good understanding of pricing for homes in the area, knowing either how to price a home to sell or whether a home is priced fairly for purchase. 

Experience

One thing that experience brings to the table for homebuyers and sellers is the ability to guide you through the process. They can even help move the process along by managing all the involved parties. 

There are always some who think they can do the work of a real estate agent. Yet, the experience a realtor brings to the table is well worth the fees paid to the realtor for their service. 

 

Negotiation Skills

An important part of buying and even selling a home involves making an offer on a house or deciding to do with an offer. A realtor brings negotiation skills as you discuss home prices, repairs, and even when you can take possession of the house. 

Their negotiation skills can help you to avoid home buying and home selling mistakes.  

Benefits of Using a Realtor 

The best way to buy a home or sell a home is with the guidance of a realtor. They bring a multitude of skills and experience that make your home buying or home selling experience better.

Before you start to search for homes for sale near me, you need a realtor to work with you. Contact us today to let us help you with the process. 

How To Save On A New Home Purchase