It’s unbelievable to me that it’s almost the 2017 Holiday Season already! Does time seem to be going faster for everyone else, or just me? I guess the silver lining is that on Sunday, November
Understanding Real Estate Agents
1. Be Honest About Your Finances
This may sound trite but if you are honest with your realtor they can give an honest opinion. If you really only qualify for a $300,000 mortgage than do not pretend that you can afford a $360,000 home. If you have some financing to get in order before you purchase a home make sure your realtor knows about it. If you cannot afford to overlap rent and a mortgage tell your realtor. The most common reason that real estate deals fall apart is due to financing. If your realtor fully understands your situation he or she will be able to give you the best advice.
2. Be Prepared To Negotiate
If you write an offer on a home in Charleston SC you can generally expect a counter offer. And in today’s market you will often get news that the property is in a multiple offer situation and to submit your best offer. In these cases you should have a real estate agent you are comfortable with who can advise you on what your best move is. Part of a real estate agent’s job is to help you get a fair deal on the property of your dreams.
3. Expect Minor Hiccups
Everyone has heard horror stories about real estate transactions, but keep in mind that those are rare. If you have your financing in order and a professional real estate agent helping you negotiation through the contract and inspections, you should have a fairly smooth transaction. As with most transactions involving money and property, you can expect minor problems to pop up (the inspection revealing a problem with the HVAC, the bank taking an extra day to approve your loan, etc.), but you do not have to anticipate the worst.
4. Listen To Referrals
In the process of buying a home you may need to use licensed contractors such as home inspectors and servicemen. Your Charleston real estate agent will be able to refer you to contractors they know are reliable. It is always a good idea to shop around for a deal, but if you are unfamiliar with a contractor’s quality of work be sure to listen to your agent’s advice.
Hank Johnson, a graduate of The Citadel, has a proven track record as a CFO, businessman, Entrepreneur and real estate investor. Hank has been active and successful in the Charleston community for ove....
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