Everyone has heard that today is a Myrtle Beach realty buyer’s market. The high inventory of homes from which to choose combined with low interest rates makes is a prime real estate market. If you are considering taking the plunge and buying a Myrtle Beach home, this just may be the right time to take action.
Before you can really know if now is the right time to buy Myrtle Beach realty, you will want to do your homework and research all your possibilities. One of key factors in before you start your search for your dream home is to access your financial situation. This will vary with each individual buyer and these steps will assist you with creating a plan of action for buying Myrtle Beach realty. These steps will help you to know if now is the right time to buy or if you need to wait and plan for the future.
#1 Contact a Trusted Mortgage Agent
The job of a mortgage agent is to review your financial history, credit reports, current income and any other documentation regarding your ability to repay the loan and provide you with good advice on how much you can afford to pay for Myrtle Beach realty. Because of the foreclosure crisis in the last year or so, many potential buyers feel that getting a loan is almost impossible. There are hundreds of different types of loans that are available and that this why consulting with a mortgage broker or agent is a wise thing to do. A loan officer or mortgage broker will know the products available such as FHA, VA and traditional loans and will be able to determine the best option for your situation. Also, if you do not qualify for a loan at this time, they will be able to advise you on what actions to take to prepare for a loan in the future.
#2 Hire a Myrtle Beach Realty Buyer’s Agent
A Myrtle Beach Realty buyer’s agent is someone who is in the real estate business and will act on your behalf as a buyer. Some of the services include:
- Negotiating on behalf of the buyer to obtain the best possible price
- Listening to your wants and needs – what do you want in a home?
- Finding Myrtle Beach realty property that matches your wants and needs
- Going with you to view the property
- Providing market analysis on the Myrtle Beach realty property
- Determining a fair market value and assisting with the offer
- Preparing all necessary documents
You will want to interview the Myrtle Beach realty agent to determine if this is someone with whom you can work. Look for good communication skills and a willingness to work with you every step of the way.
#3 Check with Other Recent Myrtle Beach Realty Buyers
You will want to ask around and find friends, co-workers or family members who have recently purchased Myrtle Beach realty property or know of someone who has gone through the process. Everyone has different experiences depending on their circumstances but this is an excellent starting point. People love to talk about what they have gone through with purchasing a home and you will want to listen carefully and ask good questions. Listen carefully, look at the circumstances and then make a determination based on all the facts. Take notes on where the process did not go as smoothly as planned and take the steps to ensure that you have covered your bases.
Is now the right time to buy Myrtle Beach realty? The answer to this question could be a resounding “Yes!” First you need to understand exactly how much you can afford to buy as well as analyze the real estate process involved. You will want to consult with a Myrtle Beach realty agent that understands you – the buyer – and what you want in your ideal home. Since it is a buyer’s market, you will have hundreds of options from which to choose and if you have a good plan, you will be successfully in purchasing the perfect Myrtle Beach realty property.
Call us today to schedule an good time to discuss your dreams for a Myrtle Beach realty home.
Jerry Pinkas Real Estate Experts
604 N. 27th Ave
Myrtle Beach, SC 29577
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