Category Archives: MyrtleBeachRealEstate

New Construction or Resale Home?

NewHouse

NewHouse

As you begin your home search in Myrtle Beach you will have to make a decision between buying a new construction home or resale. This article will take a look at the pros and cons of each, so that you can narrow down which preference will work best for you and your family.

Myrtle Beach Resale Home

Pros

  • Location – Older, established neighborhoods are often very popular because they are located in the heart of a thriving area of the city. In addition, most of the oceanfront and beach access properties have already been built, which means that it can be very difficult to purchase a lot or new construction home in these areas.
  • Established Landscaping – One of the biggest things that set older homes apart from a new neighborhood is the landscaping. It takes years for trees and plantings to grow into a beautiful and lush garden. An older home is perfect for homeowners who are looking for larger trees and mature flowerbeds and shrubs, while a new home is often a blank slate that requires years of work and patience before the landscaping is right.

Cons

  • More Maintenance/Repairs – When you move into a home that is ten or more years old you can expect that you will need to make many repairs and replacements over the next few years. A couple of examples are appliances that wear out and roof shingles that need replacing. Truly older homes might have an entire mechanical system that needs to be replaced, like new electrical wiring or HVAC equipment.
  • Not energy Efficient – Older homes will never be as energy efficient as a modern home since many of the advances made in the last several years in insulation, low-E windows, energy star appliances, and mechanical systems were not available when the home was first built. Some of these items can be added over time as things need replacing, but many would require a significant remodel to be included into the home.

New Construction in Myrtle Beach

Pros

  • Location – New construction homes around Myrtle Beach are often designed within a master planned community that features many more amenities than an older neighborhood.
  • Warranties – Your new home will come with warranties on the products and installation that last between 2 to over 10 years depending on the item. This gives you assurance that you home will not cost you hundreds to thousands of dollars in repairs after your purchase.
  • Modern Upgrades – Granite countertops, stainless appliances, and home theater wiring are a few of the modern features that new homes offer. Many of these items aren’t available in older homes and would require significant remodeling.
  • Energy Efficient Design – Tight home construction, energy star appliances, and advanced mechanical systems can be found in most new homes today. This will allow you to keep your utility bills low, while enjoying a more comfortable home.

Cons

  • Little To No Landscaping – New construction will often come with a pretty basic landscaping package that does little for those who really love established trees and bushes. Instead, it will take some planning, hard work, and time to get your yard to look good.
  • These are just a few of the pros and cons associated with buying a new construction home versus a resale home in Myrtle Beach. Deciding on the home features that are a priority to you will help dramatically in your home search.

Preston Guyton is a professional Realtor® serving the Myrtle Beach real estate market. For more information on Myrtle Beach homes & properties, contact Preston today or visit http://www.prestonguyton.com

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Home Inspection – Why They Are Important

Home Inspection

Home Inspection

Home Inspection – Why It Is Important

For Buyers

Whether the home is older or new construction, all buyers should get a home inspection before closing on a property. Here are a few of the benefits a buyer will receive.

  • Plan Future Expenses – The last thing that anyone wants after buying a new home is to find out that they need to make expensive repairs immediately after moving into the house. An inspection will lessen the chance of a lurking problem, and help you plan for future repairs that all homes need like roof replacements.
  • Negotiation Power – In your purchase contract you need an addendum that explains whether repairs discovered during a home inspection will be completed before closing, or the cost of the work is reduced from the final sales price. With a detailed report of pictures and items in need of repair, it is easier to go back to the negotiation table or have an excuse to walk away from the contract.
  • Peace of Mind – The home buying process can be complicated and stressful enough without the added worry as to whether the home is in good shape, or hiding an expensive problem to fix. The inspection can help allay these fears and let the buyer’s focus on the enjoyment that they will be getting out of their new home.

For Sellers

What many people do not recognize is that sellers can also benefit from getting a home inspection. Here are a few of the reasons why an inspection can be a good idea for a seller.

  • Make Repairs Before Marketing – While you know your own home, an inspection can help point out any hidden repairs that will need to be completed before putting your house up for sale. This will help ensure that your home will impress buyers, their agents, and the inspectors they will be sending after going under contract.
  • Prevents Last Minute Sale Problems – Everyone would prefer that the home buying and selling process went smoothly, but that is often not the case. With so many steps involved in a real estate transaction there are many issues that can slow or stop the closing. Necessary home repairs do not have to be one of those issues if they are discovered early and completed well before the closing takes place.
  • Creates Confidence in Sale Price – Often a seller will be excited about getting their home under contract only to be confronted with a long list of expensive repairs or price reductions due to a home inspection that discovered problems in the house’s construction or maintenance. The small investment a seller makes in getting an inspection will help assure them that the contract price will stay the same and limit the concern for any surprise negotiations.

Both buyers and sellers should consider getting a home inspection before the real estate transaction takes place. The peace of mind of knowing the home is functioning properly will help the closing to proceed smoothly and on time.

Preston Guyton is a professional Realtor® serving the Myrtle Beach real estate market. For more information on Myrtle Beach homes & properties, contact Preston today or visit http://www.prestonguyton.com

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Thinking of Buying a House? 10 Steps to Home Ownership

Myrtle Beach Homes, Myrtle Beach Homes for Sale, Myrtle Beach Oceanfront Real Estate, Myrtle Beach Waterfront Real Estate

Thinking of Buying a House?

Home ownership has long been part of the American Dream and one of the best investments that most people will make in their lifetime. Whether you are new to the home buying process or someone who has bought and sold many times before, the road to home ownership requires planning and attention to detail. The following 10 steps to owning a home will give you a guided path that will help make your new home purchase go smoothly.

1. Understand Your Budget – Before you delve into all of the listings of beautiful homes that could be yours, it is important to start with a realistic look at your finances, so that you understand how large of a down payment you can make and what type of monthly payments you can afford.

2. Get a Realtor – Your Realtor will be the best source of information on the current housing market in your area, as well as real estate laws, negotiation techniques, and the different trades and companies who you will need to work with before the home becomes your very own.

3. Loan Pre-Approval – Speaking with a mortgage broker or your banks loan officer will help you understand your pre-approval limits, financing range, and probable interest rates. This is just the first step of the mortgage process, but these numbers combined with the budget numbers from the beginning will give you a solid idea of what home prices you can work within as you search for your new home.

4. Home Search – Now that you have the necessary numbers, it’s time to go take a look at the homes in your price range. Research the neighborhoods and school systems, as well as the proximity to important places like work and shopping. This is where your Realtor will really prove their value and help make sure that you find a home that meets all of your needs.

5. Full Loan Approval – After you have been pre-approved and found a mortgage broker who you would like to work on your loan, it is vital to gather all of the important paperwork and submit the loan application. Once your application has gone through underwriting and you have received full approval for getting a loan, you will be able to lock your interest rate and assure the home seller that your offer to purchase can be financed.

6. Make an Offer – When you have found that perfect home in your price range, you are ready to make an offer to purchase and put a home under contract. Here again your Realtor will be tremendously helpful as they make sure that proper wording is put into the purchase offer to allow for inspections and possible repairs, and guide you through the negotiation process until you reach the price and conditions that satisfies both buyer and seller.

7. Home Inspection – Inspecting your future home is essential so that you are assured there will be no expensive repairs that are required shortly after purchasing the home. If repairs are needed to the roof or homes mechanical systems, the well written offer mentioned above will help define whether the price is reduced or the seller completes the repairs before closing.

8. Insurance – Home owners insurance and title insurance are important parts of the buying process. If you do not know of a local company to work with, your Realtor will have a few recommendations. Aside from being required by the mortgage company, insuring your home and making sure it has a clean title will help prevent any future troubles with the property and your legal ownership.

9. Solve Last Minute Problems – As smooth as we would like the home buying process to be, there are many people involved in each step of the purchase, which means that some problems will arise. For example, mortgage underwriters will need some last minute paperwork, or the inspection will reveal a major repair that requires further price negotiation. Problems and hiccups are the normal. This is again where your Realtors knowledge and expertise will help guide you over the last few hurdles.

10. Closing – Finally you have reached the end of the process, signed the ownership papers, and received the keys to your new home. All the hard work and planning has paid off and now you are the proud owner of your very own home. It’s time to unpack and celebrate.

These are the 10 steps to home ownership that every buyer will need to go through before having the keys of their new home handed to them. By working with knowledgeable professionals and following a solid plan, home ownership can be right around the corner for you.

Preston Guyton is a professional Realtor® serving the Myrtle Beach real estate market. For more information on Myrtle Beach homes & properties, contact Preston today or visit http://www.prestonguyton.com

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Maintain Your Lawn to Sell Your Home

Lawn

Lawn

There is really something to be said for a well-kept and well-loved lawn. It is easy to tell the difference between a lawn that is well cared for and one that has simply been tended to to sell the home. The difference comes in the quality of the grass itself, something that can only come from special care and handling. A really nice lawn can be a real focal point for a yard in a good way or just as easily a bad way. A lawn that is ill-tended can be full of weeds and moss, discolored and untidy. This never makes for a good impression on buyers as they will be looking for reasons to purchase the home, not reasons to pass it by.

One of the worst things you can do to a lawn it to let it get too dry — when it gets too dry, that green lustre is lost. One must keep the lawn watered throughout the dry season, and this is especially true if you are selling a home, as yellow lawns really don’t make great first impressions.

There are a few things that need to be done on a regular basis to ensure the health of your lawn. For starters, it’s a good idea to aerate your lawn at the beginning of the summer season. This process gets precious nutrients down under the lawn and allows moisture into a lawn that is starved for air. Lawns take a beating in the winter, especially in areas where there is snow and a lot of rain. Both of these weather conditions can really have a detrimental effect on a lawn’s health.

A nice lawn can be a huge selling point for a home. Not only is it a beautiful aspect of a home, but it sets up the area where your family spends time in the summer having family gatherings, picnics, and where your kids play. The yard is really a social area and the lawn is its floor. You must keep it in as good a shape as you would with an interior floor. Taking the time to keep things like lawns in shape speaks highly of you as a home owner and that is something that buyers will always take note of.

Preston Guyton is a professional Realtor® serving the Myrtle Beach real estate market. For more information on Myrtle Beach homes & properties, contact Preston today or visit http://www.prestonguyton.com

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Exciting Things In Store For Myrtle Beach

Myrtle Beach Real Estate

Myrtle Beach Real Estate

Myrtle Beach is already a pretty exciting place. With fantastic beaches and some of the country’s most amazing condo developments, Myrtle Beach combines great living with perfect scenery and amenities. Well get ready for another addition to the Myrtle Beach picture that will add a musical note to the city. In the Spring of 2008 The Hard Rock Park is set to open in Myrtle Beach. This is planned to be the world’s first rock ‘n roll theme park and will cover more than 140 acres and is the first major U.S. attraction to be constructed in the last decade. This is directed at bringing even more of a tourist trade to South Carolina.

The new park plans on having more than 40 attractions to engage visitors with, including roller coasters and live music stages. Also featured will be children’s areas, cafe’s and stores. Needless to say that people in Myrtle Beach are excited about this development as it stands to give Myrtle Beach more of a destination drawing feature. The park is looking to incorporate six different areas that are each dedicated to a different aspect of rock music. These will include the entry plaza, rock ‘n Roll Heaven, British Invasion, Lost in the 70’s, Born in the U.S.A. and Cool Country. These areas will cover the many different types and styles of music that has helped to define us as a culture.

This theme park is going to bode well for real estate in Myrtle Beach. With a major attraction now in close proximity it is taking up the same kind of reputation as areas like Orlando with the bonus that it lies right on the beach. There are going to be some really interesting things going on in Myrtle Beach in the coming year, it will be interesting to see what effect the theme park has on the town and on popularity of housing and condos. If history is any indication it will cause a boom in the Myrtle Beach housing industry. There truly are some exciting times ahead for Myrtle Beach, get in on things now while it is still possible! Before long this may be a difficult area to get into.

Preston Guyton is a professional Realtor® serving the Myrtle Beach real estate market. For more information on Myrtle Beach homes & properties, contact Preston today or visit http://www.prestonguyton.com

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Top Seven Signs That You’re A Real Estate Agent

7. You can make anniversary dinner reservations on your cell phone at your spouse’s favorite restaurant while filling out property

Top Seven Signs That You're A Real Estate Agent

Real Estate Agent

sale closing forms in a Seattle’s Best drive-thru line up.

6. Your cell phone chimes the Imperial March from Star Wars whenever “FSBO” is mentioned in a text message.

5. You learned everything you know about computers and the Internet while developing five different websites to attract leads away from the local FSBO website.

4. You have customized email replies for every type of client or lead, and several for social situations.

3. You and your spouse meet a nice couple from your area on a vacation in the Caribbean, and have a discussion about work back home. As soon as they find out you’re a real estate agent they want investment advice. It’s all they want to talk about when you see them the next day at the hotel pool bar, and it’s all they’re interested in later at dinner on the waterfront. Your spouse and them seem to hit it off, and you have to admit they’re pretty nice people with the potential to become great clients.

The thing is, you just came here to relax, work on your tan, and at least pretend to read a good crime novel. The next day in the middle of a snorkeling excursion with dolphins they start asking about foreclosure properties, and you casually tell them to just enjoy the water, and maybe ask you about it later, or preferably in your office back home. The couple responds with raised eyebrows, and the rest of the excursion is blissfully shop-talk free. Later that evening it’s just you and your spouse for dinner.

You ask what the other couple is up to, and your spouse tells you s/he isn’t sure, but wouldn’t be surprised if the four of you never spoke again after your rude outburst earlier that day. The last two days of your trip go well enough – you finish the crime novel and return home refreshed. The couple never calls, but months later one of your colleagues closes a multimillion dollar waterfront property with them, which happens to be just a couple blocks from your house. Sorry, personal rant, but you get the point.

2. Servers at all five of your favorite restaurants begin to chide you for wearing moderate variations the same outfit every time you come in with a big-time client or a valuable lead.

1. Three of your five favorite restaurants are Seattle’s Best outlets.

Prestonguyton.com can be the source for all your Myrtle Beach real estate needs. The site offers area information, tips for home buyers and sellers, and a comprehensive Myrtle Beach home for sale search.

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Myrtle Beach Cabana District

Myrtle Beach Cabana District

Myrtle Beach Cabana District

Imagine an exclusive beachfront home, only steps from the water for under $80,000! That’s what you’ll find in the cabana district in Myrtle Beach. About a dozen of these 200 square foot beach structures line the shore in this Ocean Boulevard area.

The cabanas have questionable origins; some believe they originally belonged to beach homes across the street that have since been destroyed and replaced with condos. Others say the structures belonged to the Ocean Forest Hotel that stood from 1930 to 1974, and later offered for sale after the hotel was torn down.

In any event these small buildings are among the hottest pieces of real estate in town; only two have come on the market in the last seven years. Generally local realtors maintain lists of prospective buyers, and if a unit or lot becomes available it usually sells within 30 minutes.

Myrtle Beach native, Steve Bailey, purchased his cabana lot after a five minute phone call with his real estate agent. Apparently the building codes were extremely restrictive, requiring numerous permits, installation of a septic system, and underground utility lines. He can’t have a driveway, park on his property, step on the dunes, touch the sea oats or move any of the sand on the lot. Bailey claimed that building the cabana had more restrictions than building a house, but it was worth the effort.

Most residents don’t bother with insurance, as the costs are so high, it’s cheaper to rebuild. However, don’t be fooled, these beach huts may be small, but they’re mighty. One in particular, owned by Kevin Warren and Dean Carroll, is estimated at over 20 years of age. Its solid structure has survived annual hurricanes for years.

Rod Scarborough, a retired bank executive, spent five years trying to obtain his $78,000 piece of the beach located from a 40-foot setback to the high tide mark. His beach home is in use frequently, with an open door policy extended to his friends and family.

These cherished little beach huts have provided an exclusive getaway that only a fortunate few have been able to acquire. Hopefully they will remain for years to come, handed down as heirlooms from generation to generation.

This article was submitted for Preston Guyton, professional Realtor in the Myrtle Beach real estate market. He can provide information and listings for all the neighboring areas including Garden City real estate

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