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We Specialize in Myrtle Beach, SC Real Estate. Lots of options are waiting for you in Myrtle Beach, South Carolina and choosing the right realtors can help you in finding the perfect area and the right home for you and your family and make your dream a reality!  Let us help you in making one of the biggest, if not the biggest, decisions in your life.   

We were both born and raised along the Grand Strand and know the entire Horry County, so no matter what style of home you are looking for or what area you prefer, we can help you!  Please give us a call and let us help you make your dream a reality!  843-222-8566.

Eddie & Julie Boyd - The Boyd Team - Realtors - Myrtle Beach Real Estate - BRG - Beach Realty Group

           

July 2, 2022

Tips for Hosting Your First Fourth of July Barbecue In Your New Home

Welcome to the world of homeowners! While homeownership brings a world of responsibilities with it, it also affords you plenty of enjoyable opportunities, too. One advantage of homeownership is that you can host your own events and celebrations! From birthday parties to book clubs, having your own space gives you the opportunity to celebrate who and how you want to.

 

While having a place to celebrate is one of the most important parts of planning any event, there is a lot more that goes into event planning! If you have recently bought a home and want to throw a party to celebrate, this post is for you. While this post is specifically geared towards the Fourth of July, the tips and information within it are applicable to all homeowners that want to throw an event in their new home, regardless of whether or not it is for Independence Day.

 

This post is going to be broken out into three parts: What foods you should serve at your first Fourth of July barbecue in your new home, what games you should play, and things to keep in mind throughout the day or night while you are hosting.

 

grilled barbecues on black and gray grill 

What Foods Should You Serve At A Fourth Of July Barbecue?

 

The most important part of any barbecue is the food. This is what your guests are coming for, and you want to make sure they leave happy! Most of the popular foods for the Fourth of July are common and predictable, but there are still some things you want to think about. For example, you want to consider any dietary restrictions that your guests might have or any strong preferences that are widely known that you might want to cater to. For example, if you know that your best friend or mother-in-law HATES hot dogs, you might want to make sure there is another meat option for them. With that in mind, here are the most popular foods for the Fourth of July:

 

1.     Hot Dogs

 

Hot dogs are a staple of American cookouts, and they probably always will be. Hot dogs are the most-consumed food at the Fourth of July, and for good reason. They are tasty, easy to cook, cheap, and filling. While there are some very cheap hot dogs at the grocery store, it is usually a good idea to pay a slightly higher rate to get a good brand name or a brand that guarantees the quality of the products. Hot dogs are not the most luxurious food out there, and you want to make sure what you are getting is safe to eat and properly made. Also, don’t forget to buy buns!

 

2.     Hamburgers

 

Hot dogs might only be the most popular food item because people are able to eat multiple of them. I bet that if burgers were smaller, they would absolutely rank as the most-consumed food on the Fourth of July. Much like hot dogs, burgers are easy to cook, delicious, and pretty affordable. If you are looking to save money, head to the frozen section in your local grocery store. You can get large amounts of frozen burger patties for much less than fresh ground beef. To add a little flavor, consider adding some spices like garlic powder, paprika, and onion powder to the patties before you cook them. Also, make sure to cook them enough to where they are safe to eat, but not too much to where they are like hockey pucks! Again, don’t forget to buy buns!

 

3.     Steak

 

Unless you are a millionaire or are only hosting a couple of people, this option might not work for you. However, if you are having a small and friendly get-together, you might want to consider getting some nicer meat to serve! Steaks, surprisingly or not, are the most popular type of meat consumed on the Fourth of July after hot dogs and hamburgers. While they are expensive, they are clearly one of the finest and tastiest meat options that you can serve. Your guests are sure to give you a thumbs up afterwards! If you decide to cook steaks, either ask your guests how they like their steak prepared or cook the steaks to a wide array of temperatures. Some people like the inside pink while others like it cooked through, and many people would be unhappy to have it any other way than the way they like it!

 

4.     Pasta Salad

 

Pasta salad is widely available premade in stores, and it can also be mad every easily at home. Pasta salad makes a great addition to any barbecue, as it provides a carbohydrate option and a veggie option all at the same time! Pasta salad can be made with either a vinegar or mayonnaise base, and both are equally delicious! If you want to opt for a healthy version, consider using vinegar instead of mayonnaise and whole grain pasta instead of regular, enriched pasta.

 

5.     Fresh Watermelon

 

A classic American summertime fruit, watermelon deserves a seat at any Fourth of July table. This fruit is equally hydrating as it is delicious, making it vitally important to have at your Fourth of July barbecue. In most places, the Fourth of July is a pretty toasty day, and having a hydrating, refreshing food to eat alongside your burgers and hot dogs is always a nice addition.

 

6.     Corn on the Cob

 

You can’t have a barbecue without some sort of vegetable, and for most Americans, that vegetable tends to be corn on the cob. Corn is extremely important to the United States and its history, so including corn on the cob at your Fourth of July barbecue is both delicious and historically significant! Try grilling it with the husks on for a unique flavor.

 

7.     Ice Cream

 

In the July heat, everyone could use a little help to cool off! While ice cream is not hydrating, it is definitely tasty and refreshing. No Fourth of July barbecue is complete without offering at least some popsicle or ice cream options. While this is especially popular among smaller children, it is still a favorite for adults too!

 

8.     Chips of Any Kind

 

Add a little crunch to your Fourth of July barbecue! While vegetables and sweet treats are both nice in their own way, a little bit of savory crunch is also worth adding to your menu. Chips of any kind, whether they be potato chips or tortilla chips, are always a great addition. Even pretzels work! Adding these items offers people more options to put on their plate without costing you much additional money at all, as chips are much cheaper than burgers and hot dogs!

 

9.     A Vegetarian Option

 

At any event where you serve food, be it a Fourth of July barbecue or not, you want to make sure you offer a vegetarian option (unless you know for a fact that nobody has any dietary restrictions). This is because there are simply so many reasons why someone might abstain from a given meat dish on a given day, and you want to make sure your guests always have food to eat. Some people are fully vegetarian by choice, while others abstain only from certain types of meat or meat on certain days because of religious reasons. As many hot dogs are made of pork, and pork is the most commonly abstained-from meat for religious reasons, having a vegetarian (or pescatarian) option at your Fourth of July barbecue is a must.

 

 hotdog sandwich with sauce on brown wooden tray

 

 

What Games Should You Play At A Fourth Of July Barbecue?

 

The food is certainly one of the most important parts, but sometimes setting up a schedule of games adds to the fun that your guests have while attending an event at your new home. Games help people to open up socially and interact with people that they might not have traditionally interacted with. Here are a few creative games that can be played without much preparation at your Fourth of July barbecue:

 

1.     Water Balloon Toss

 

This is a classic game that is done at events all throughout the year and all over the country. While there are many different variations, a water balloon toss basically requires players to team up and toss a water balloon back and forth until it pops. Typically, you will want people to pair off into teams of two, and when a referee or judge commands, one side throws their water balloon to the other side. Then the other side throws it back. After each successful round of throws, contestants take one step back to raise the difficulty level a bit. If a team’s water balloon pops, they are out. This game is extremely easy to play and requires no preparation other than the purchasing of a pack of water balloons, which can even be bought at a dollar store! To be patriotic, consider using only the red, white, and blue balloons.

 

2.     American History Trivia

 

As it is the Fourth of July, it makes sense to center a game around American history! Planning an American History trivia game is easy and fun, and it is also a great way to tie the roots of the holiday into your barbecue. Asking questions about the colonial period is especially wise, as the Fourth of July stems all the way back to Philadelphia in the 1700s, where the colonies declared their independence from England. Would you have gotten that question right? Did you know that the actual celebration of the Fourth of July did not start until the 1800s? It’s things like these that you can learn while playing an American History trivia game!

 

3.     Marshmallow Golf

 

Marshmallow golf is another very cheap game that requires very little preparation or cost. If you have a set of golf clubs and some tees (or know someone who does), all you need to do is purchase a bag of jumbo marshmallows! To play this, you have contestant one by one tee up a jumbo marshmallow and hit it as far as they can. As the aerodynamics of marshmallows are much different than those of golf balls, this makes for a really intriguing game. While golf skills might make players more successful, they are not necessary to play marshmallow golf. To stay on the patriotic trend, drop the marshmallows in red or blue food coloring first.

 

4.     Watermelon Eating Contest

 

While this one can’t really be tailored to a patriotic theme, it is something that people have been doing on the Fourth of July for decades. To do a watermelon eating contest, you will need to buy several watermelons and cut them into large wedges (usually full quarters of the melon). You then have contestants sit at the table and eat the entire wedge of watermelon without using their hands. Whoever finishes their wedge first wins!

 

blue plastic bowl

 

 

Should You Have Fireworks At Your Fourth Of July Party?

 

As a new homeowner, you might be wondering: should you have fireworks at your Fourth of July party? There are lots of things to consider here, and this could even merit its own full post. Fireworks are a lot of fun and add to your guests’ experience, but they are also very dangerous, noisy, and potentially illegal.

 

Before buying any fireworks, the first things you want to think about are whether or not they are legal to use in your neighborhood and whether or not you have experience using them in the past. Fireworks are banned in many neighborhoods and also can cause serious injury or even death if not used properly. The only way to really learn how to use them in a foolproof way is by learning from someone else who knows.

 

If they are legal and you do have experience with them, you still might want to shy away from them. If this event is taking place on your own property, you are liable for any damage or injury that occurs from the use of the fireworks. If someone has a couple too many beers and lights fireworks off the wrong way, they can shoot toward homes or people, causing serious harm.

 

Additionally, if you will be serving or consuming alcohol at your barbecue, it is usually a good idea not to use fireworks. Adding alcohol to the situation just makes the fireworks even more dangerous, potentially causing very serious harm.

 

green, red, and white fireworks on sky at nighttime

 

 

Tips For Hosting Events In Your New Home

 

1.     Prepare as much food ahead of time as possible

 

While cooking is fun and you want fresh food, you also want to be free to roam around and enjoy your own barbecue! Prepping the food ahead of time means less time spent in the kitchen and more time spent socializing with the people who care enough about you to make the trip to your event. If this is your first time hosting in your new home, it is likely that guests will want a tour around your house, too!

 

2.     Consider the weather

 

The Fourth of July is hot. As a host, you are responsible for the health and comfort of your guests. If you live in a place where the Fourth of July is a warm day, you will want to provide plenty of ways to cool off and hydrate. Using fans, offering ice cream and popsicles, and having infused water stations are all great ways to get your guests to cool off and hydrate, leading to even more fun. If you are serving alcohol, it is very important that your guests hydrate to avoid any unforeseen effects of the alcohol caused by the heat.

 

3.     Use disposable plates, cups, and cutlery

 

This one is great for two reasons. Firstly, using disposable plates, cups, and cutlery eliminates nearly all of the cleanup work that you will have when the party is over. You can simply toss these items into the trash or recycling bin and call it a day! This definitely beats handwashing plates and silverware. Additionally, using plastic items eliminates all risk of something valuable breaking. Don’t bust out your fine China set for your Fourth of July barbecue, as it is likely that something will break. Opt for paper or plastic instead and protect your valuables! They sell great, hard plastic plates that can even be reused if you desire. These plates make a great alternative for someone who wants quality plates without having to wash them later.

 

4.     Incorporate cleanup into your decorations

 

While using plastic or paper plates eliminates a lot of cleanup, making things obvious for people doesn’t hurt, either! Setting up trash cans around your yard or hosting area is a great way to make sure that your guests do a lot of the work for you. If you are using real plates, consider designating a certain bin or tray for dirty plates so that they are all gathered. You can even doll up your trash cans so that they act as a stylish decoration for your barbecue! Either way, staying on top of the cleanup and incorporating it into your design plan makes for a much easier time when the party is over.

 

5.     Play music, and vet your playlist ahead of time

 

Music is one of the most important elements of any get together, as it fully eliminates the potential of awkward silences. Music gets the mood going and opens your guests up to more social interaction. Picking or creating a good playlist is key to your even being a success. In addition to that, you want to vet the playlist ahead of time to make sure that the music either reflects your believes or is appropriate to your audience. There is a lot of music that contains very inappropriate ideas and lyrics, and while that might be appealing to some, it is probably not the best for a family barbecue.

 

 white blue and red balloons

 

Thanks for reading our post with tips for planning your first Fourth of July barbecue in your new home! While much of this post was themed specifically to the Fourth of July, a large portion of this post can apply to other events that you host, too. Hosting is one of the most exciting parts of being a homeowner, and there is no better time to host your first event than on the Fourth of July!  

 

If you visit Myrtle Beach or any other place in South Carolina and fall in love, we’re here to help. We at The Boyd Team are committed to helping you find the right property for your needs and dreams. Any question that you have about moving to the area and finding your dream home by the beach is our pleasure to answer. Feel free to send us an email at eddie@boydteam.com or text or call us at (843) 222-8566, and we will get back to you as soon as we can. Being true natives of the Grand Strand and Horry County and with over 25 years of experience in the local real estate market, whether buying or selling, we can help you make your dreams a reality.

No One Knows The Grand Strand Better! Trust, Knowledge, Experience, Professionalism, You Can Count On!

Written by Greg

Posted in BoydTeam Blog
June 28, 2022

Tips for Planning a Move to South Carolina

Tips for Planning a Move to South Carolina

 

You are probably reading this because you are considering making the big leap to move to South Carolina. Did you know that in 2021, South Carolina was the third most-moved-to state in the U.S. according to a study by United Van Lines?

Whether you are moving here with a partner or coming here by yourself (perhaps to find love!), a move is always challenging and stressful. But whether it’s your first move or 10th, keeping the stress level down is important and achievable. The Myrtle Beach real estate pros at The Boyd Team offer five  tips for planning a move to South Carolina.

 

Research and plan ahead, including using online doctors

If you are moving here by yourself, the first step is research. What neighborhoods do you want to live in? What schools are nearby? What is the crime rate like in the area? Researching ahead of time can help you make a more informed decision and prepare for your move. It’s also important to plan ahead with your current landlord or contactor about your move-out date and end-of-lease responsibilities.

One of the tricky aspects of moving is figuring out your new doctor situation during the transition phase. Going without medical care is certainly not an option; fortunately, online doctors are available for consultation and for prescribing needed medications. When you access an online doctor, you can discuss matters with a board-certified physician without leaving your home, and it’s as easy as making an appointment, which can be done the same day, speak with a doctor, and then pick up your prescribed medications as needed. This convenient service is covered by most insurance providers, giving you assurance and confidence that you’ll receive care during your move.

 

Don’t wait until the last minute

It’s always advisable to start planning for a move well before the deadline. This will give you a chance to locate and research new neighborhoods, find out about the area schools, learn about the local commute, and more. Call on The Boyd Team, which is intimately familiar with the area and answer many, if not all, of your questions.

You may also want to research what is needed for your new state’s driver’s license and how much it will cost you. You can find this information on the South Carolina DMV’s website. If you wait until the last minute, it’ll be more stressful and chaotic when you are trying to pack up everything and get on the road. Researching ahead of time will help keep your stress levels down during this big transition.

 

Hiring professional help is worth it

If you’re moving to South Carolina and have never done it before, you may think you can do it on your own. But don’t underestimate the amount of work that goes into planning a move, especially if you need to find a new place to live. Move.org notes that it’s best to hire professionals to help with packing, loading, and unloading your belongings, and more. If you want to save money, use professional movers instead of renting a truck or renting equipment for self-move.

Similarly, if you’re looking to start a business in the state, you’ll have to do the research and the legwork to structure your business correctly and ensure that it hits the ground running. This can be another burden on your plate, especially if you are also navigating an interstate move. To simplify the process, consider outsourcing this task to a formation service that can complete the steps affordably and quickly.

 

Stay in touch with your support network

It’s important to stay in touch with the people who love you and care about you. We all have a support network of friends and family that we can call on if we need help or just want to hear a familiar voice. 

When you move, it is so important to take the time to visit your loved ones as often as possible. It’s also important to stay in touch with your friends by email, phone, text, or social media (or whatever form of communication feels most natural for you). 

You might think that you are going somewhere new and exciting, but it can be hard not to be able to share this experience with your loved ones. Stay in touch and make sure that your current connections don’t fade away.

Image via Unsplash


Whether you’re buying your first home, second home, or investment property, The Boyd Team of Beach Realty Group is intimately familiar with the area, committed to making your move truly successful. Call or text today for more info! 843-222-8566

Posted in BoydTeam Blog
June 25, 2022

Best Things to do in Myrtle Beach in July

Summer is in full swing, and Myrtle Beach is absolutely packed with travelers looking to have a good time! While the weather is hot and the crowds are large, July is still one of the most popular months to visit Myrtle Beach. From Independence Day celebrations to relaxing time on the beach with family, there are endless reasons to come and spend time in the Grand Strand this July. While the crowds are large and the lines may be a bit longer, July is the peak of busy season, meaning that all of the restaurants and entertainment venues are fully open and ready to accommodate as many visitors as possible. Trust us; you would be surprised just how good of a job the local business owners do at accommodating the massive waves of tourists!

 

In this post, we will take a look at all of the best things to do in Myrtle Beach in July, ranging from water parks to 5k’s and more. Once we’re through with all of that, we will give you the inside scoop on whether or not July is an optimal month visit Myrtle Beach. If you have any questions once you read this post, don’t hesitate to reach out!

 

1.     Bask In The South Carolina Sun

 

While there are countless great things to do in Myrtle Beach, the overall best thing to do in Myrtle Beach in July is clear: soak up the sun! July is the sunniest month of the year in Myrtle Beach, and you are bound to get a great tan if you spend some time laying out on the Grand Strand. The weather is consistently toasty, and there are likely going to be thousands of other people who have the same idea as you! July is one of the most popular months to visit Myrtle Beach, and a big part of that is simply because the weather is so beautiful.

 

 photography of seashore during sunset

 

 

While it is certainly hot, the weather should not be seen as a limiter or a deterrent to visiting. It is toasty and can be a bit humid, but that is nothing that a dip in the pool or the Atlantic Ocean can’t fix! While there will be a lot of people in the area soaking up the sun with you, you do not really need to worry about space: the Grand Strand is a huge area, and you’re bound to find a stretch of beach with whatever vibe you’re looking for, whether that is calm and relaxing or lively and fun.

 

2.     Cool Off At One Of Myrtle Beach’s Famous Water Parks

 

July weather in Myrtle Beach can be pretty toasty, and you will likely want to take advantage of any opportunity that you have to cool down. The weather is usually in the 80’s in July, but can easily creep up into the 90’s. Add the humidity to that, and you will be certainly craving a pool of some kind! There is no better way for a family to cool off than a day at the water park! Myrtle Beach has several great water parks to visit, and each one gives its visitors access to different attractions, amenities, and all kinds of fun.

 

group of people swimming

While the water parks are always fun to visit, alternating between suntanning and water slide makes July an especially good month to visit them! The crowds are likely to be big, but they are smaller on weekdays and are totally manageable. While the lines can be long, they aren’t usually Disney World long. The water parks in the Myrtle Beach area are big enough to be a full-day event, and they sell food and beverages to keep you nice and fueled as you lounge around in the July heat.

 

3.     Check Out A Myrtle Beach Pelicans Baseball Game

 

Being in July means that the minor league baseball season has been in full swing for several months now, and a Pelicans game is definitely not something you want to miss! Without a doubt, hitting up a minor league baseball game is easily one of the best things to do in Myrtle Beach in July. The city’s minor league baseball team, the Myrtle Beach Pelicans, do a great job of making the game of baseball fun to watch; whether you are alone, on a date, out with friends, or watching as a family. Friends of ours at The Present Perspective ranked attending a Myrtle Beach Pelicans game as one of the best things to do in Myrtle Beach, regardless of the time of year, and we could not agree more!

 

people playing baseball during daytime

 

As they are just a Single A minor league team, tickets are quite cheap. Don’t worry, though…the games are just as fun as the major leagues! This July, the Pelicans play at home for two different stints: the first few days of the month, and then again from the 12th to the 17th. Even if you aren't a baseball fan, this is one of the best date night ideas or events for a night out as a family that you will find in the area during July. You won't regret it!

 

 

4.     Catch a Break From The Sun At One Of Myrtle Beach’s Top Shopping Destinations

 

While your main reason to visit Myrtle Beach is probably the beach itself and the weather, there are several other great things to do in Myrtle Beach. One of them is shopping at one of Myrtle Beach’s esteemed shopping venues! Barefoot Landing, Broadway at the Beach, and the Tanger Outlets are all popular places to spend an afternoon shopping and replenishing your closet.

 

While it may seem like a shocker – especially because of its name - Myrtle Beach is more than just a popular tourist beach.  Going shopping in Myrtle Beach is not just a rainy-day activity like it is in many other places, because the best shopping venues in Myrtle Beach are all outdoors. If you’ve had enough of the beach for one day, try and get some steps in walking around each of these venues and taking advantage of all that they have to offer! From great deals at the Tanger Outlets, to warm (although still refreshing) evenings out at Barefoot Landing and Broadway at the Beach, you have plenty of great places to shop in the Grand Strand, making shopping one of the best things to do in Myrtle Beach in July. The best part is that you can still manage to get a bit of a tan while shopping, as all of these complexes are mostly outdoors!

 

 

5.     Celebrate The 4th Of July In Myrtle Beach

 

As you might be able to expect, Myrtle Beach is a very popular place to celebrate Independence Day. With the beautiful July weather and the incredible restaurants running at full speed, tens of thousands of visitors make their way to the Grand Strand annually to kick off the month of July. The 4th of July in Myrtle Beach is a blast every year, as the area puts on several great fireworks displays and celebrations. With the hundreds of thousands of visitors that come to the area to celebrate, the 4th of July is always a blast in the Grand Strand. Visitors love checking out the fireworks displays at the Myrtle Beach Pelicans games, but Broadway at the Beach and Barefoot Landing have their own great fireworks displays as well!

 

three person holding sparklers

 

South Carolina has a rich heritage that is steeped in American history, and Independence Day is one of the best opportunities to celebrate that. If you’re thinking of a good place to celebrate Independence Day this year, you can’t go wrong with Myrtle Beach. For a fuller list of fireworks displays and 4th of July celebrations in Myrtle Beach this year, check out this post.

 

6.     Run In A 5K Or Other Race (Or Just Run For Fun)

 

July is prime running season, and the Grand Strand is ripe with great races that you can sign up

for. With the beautiful ocean views and refreshing sea breeze, running in Myrtle Beach is a

wonderfully relaxing and energizing activity. Whether you like to run on your own or like to run

in organized races, running through the Grand Strand is a great thing to do in July. In fact, you

don’t even need to be a runner to take advantage of the runs that the city has to offer! The 5k’s

accept walkers, too.

 

If you are looking for formal races to sign up for, we recommend checking out the Awesome

80s 5k by Tidal Creek Brewhouse. This 80’s themed event will take place at 6pm on July 19, and

is a must-do for any 80’s fan! The race costs $40 to run or walk in, and registrations must be

made online in advance of the race. They will also be accepting donations for Backpack Buddies

during packet pickup and race day. A list of needed items will be sent out to runners closer to

the day of the race.

 

Is July The Best Month To Visit Myrtle Beach?

 

Of all the times to make the trip, is July the best month to visit Myrtle Beach? This depends heavily on how you feel about the heat, the crowds, and the events that are going on. The weather in July in Myrtle Beach is definitely hot. This means that you can get a great suntan and bask in a lot of sunlight, but it also means that you may be limited in doing certain activities. Golfing, for example, might be a bit more enjoyable in May weather rather than July weather. If you are looking for straight sunshine, though, July is a great option for you!

The other main thing to consider about visiting Myrtle Beach in July is the massive crowds. July is the peak of the tourist season in Myrtle Beach, and the crowds are very large. Many restaurants will have long waits, popular entertainment venues will likely be crowded, and hotel rates will probably be higher. While this is a drawback in many ways, it is worth noting that this is the busy time for a reason. From events to holiday celebrations, there are simply a lot of things going on in Myrtle Beach in July, and this is what causes so many people to make the trip to the Grand Strand during the year’s hottest month.

 

 

Is Myrtle Beach Worth Visiting In July?

 

While July is a great month to visit Myrtle Beach, it doesn’t come without its drawbacks. The crowds are indeed massive, and this does cause many inconveniences. The most popular restaurants will have very long waits, the tourist venues will be crowded, and the traffic will be more congested. These are all natural things to expect when a city of less than 100,000 people hosts hundreds of thousands of visitors. It would be as if your family of four hosted another 30 people in your home for Thanksgiving! It is only natural that there are some conveniences.

 

With that being said, do those inconveniences detract that much from your experience? After all, there have to be enough restaurants to accommodate everyone, right?

 

Yes and no. There are definitely plenty of restaurants for everyone to have their fair share to eat. This much is true. However, the best restaurants, like Crabby Mike’s and Original Benjamin’s are likely to have several hour long waits. If you visit in July, your odds of going to these restaurants go down, at least without any additional planning. We find that going to these restaurants for an earlier dinner – like at 4:00 – often leads to much shorter wait times, sometimes even shorter than 30 minutes.

 

While you can find a way around the wait times at restaurants, there is no way to get around the traffic. The traffic, especially during rush hour, is bound to be bad. The main roads that cut through the area were not designed to handle immense traffic, and the flow tends to move slowly during busy times. To be fair, we’re not talking about anything as crazy as New York or Washington D.C. rush hour traffic. This is nothing in comparison to that. However, when you’re on vacation, you likely do not want to sit in traffic. This is just another inconvenience that comes with visiting Myrtle Beach in July.

 

Now, the million-dollar question: is Myrtle Beach worth visiting in July? Despite all of the inconveniences that we laid out above, we believe that Myrtle Beach is absolutely worth visiting in July. While there are other months that might be better times to visit – like May and September – July is still one of the best months to visit Myrtle Beach, especially if you like activity. There is a lot going on in Myrtle Beach in July, from festivals to parties to holiday events, and coming during another month would probably mean having a lot less to do. While the traffic would be lighter and the wait times would be shorter, there are no 4th of July fireworks in any month other than July! 

That is all we have for you about visiting Myrtle Beach in July. Depending on what you want to do, July is actually one of the best months to visit the Grand Strand's greatest city. There are countless great and unique things to do, the weather is great, and while the crowds are certainly at their largest, there are still plenty of places to eat at where the lines will be manageable. Crowds can’t be avoided, but you can certainly take actions to minimize the size of the crowds that you need to walk into and the lines that you need to wait in. While the traffic is unavoidable, it really isn’t that bad compared to major cities. If you’re wondering if Myrtle Beach is worth visiting in July, the answer is absolutely! While the experience will be a bit different from what you may experience in May, that doesn’t have to be a bad thing!

If you decide to visit Myrtle Beach or any other place in South Carolina and fall in love, reach out to us for help. We at The Boyd Team are always here to help you figure out whether Myrtle Beach is your next home or not, and we are committed to helping you find the right property for your needs and dreams. Any question that you have about moving to the area and finding your dream home by the beach is our pleasure to answer. Feel free to send us an email at eddie@boydteam.com or text or call us at (843) 222-8566, and we will get back to you as soon as we can. Being true natives of the Grand Strand and Horry County and with over 25 years of experience in the local real estate market, whether buying or selling, we can help you make your dreams a reality.  

No One Knows The Grand Strand Better! Trust, Knowledge, Experience, Professionalism, You Can Count On!

 

Posted in BoydTeam Blog
June 22, 2022

Features to Look for When Buying a Home for Aging in Place

 

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Features to Look for When Buying a Home for Aging in Place

Alt-tag: a large family home with a lawn and some trees

Everyone has different priorities when it comes to purchasing a home. Making a purchase is a long and difficult process, and it's easy to lose focus along the way. For those of you looking to buy a good home for aging in place, having a list of priorities to guide you through the process is the best option. Therefore, we have created this list of features to look for when buying a home for aging in place that you should remember for your next home hunt.

5 Features to Look for When Buying a Home for Aging in Place

If you're looking for a nice family home where you'll be able to lead a normal life and settle down for many years to come, your real estate team is there to give you an insight into the features you should look for. We suggest that you stay away from anything too extravagant and fancy and stick to traditional home styles. This way, it will be easier to sell it as well.  

Alt-tag: Modern living room

Caption: Look for value, not the price.

1. Location

Most people looking for a new home want to be able to get to the locations they often visit most easily. Like the grocery stores, pharmacies, schools, etc. You should also keep an eye on the flow of traffic. Prior to making a purchase, make sure you can get out of the area and onto the main road without too much of a difficulty, or at least without an unreasonable amount of time spent commuting.

It's also crucial for many individuals to consider the placement of their new house in relation to the rest of the community. Some people choose to be close to the main entrance, while others want to be farther into the complex and away from the road noise. Some owners will pick the nearest accessible property if a park, pool, or leisure facility is nearby. Some individuals like cul-de-sacs, while others prefer to live on the main thoroughfare. Inquire with your real estate agent about the potential value of certain lot sites. Of course, cities sprawl over time. But the closer you are to town, the better.

2. The number of bedrooms and layout

The number of bedrooms desired by each household is predetermined. With children, the average household will need at least three bedrooms. Most families choose to have separate rooms for their kids to suit their children's varying bedtimes and study habits. If you at one point start thinking about selling your home down the road, it would be great if the house was large enough for a typical American family. The size of your house and the number of bedrooms is one of the most crucial features to look for when buying a home for aging in place. 

Alt-tag: Kid's bedroom

Caption: The home layout is sometimes even more important than the size.

It would be good if the house had a guest room or an additional room as well. It is common for an additional bedroom to be used as an office, den, children's playroom, or even a gym. Having an additional bedroom comes in handy since it provides workspace and supply storage. Besides the number of rooms, the layout is equally as important. Experts at Zippy Shell Louisiana say that a smaller house with a good layout is more often than not preferred to a bigger house with a bad layout. 

3. The number of bathrooms

There are a lot of things that can hurt your home's value. The state of the bathrooms is one of them. If it has to be remodeled, it might be a significant issue. Make sure that the bathrooms of the house look solid. Or that they can be remodeled fast. It's preferable to have more than one. Or at least make sure that the ground floor has one and the main bedroom. Make sure the bathroom is spacious enough. So that it's possible to construct a walk-in tub. You never know if you'd want to remodel again.

4. The state of the yard

Some people like big yards, while others prefer smaller yards and no need for extensive yard upkeep. The property size on which a home is built is often taken for granted. The size of a lot varies widely from one neighborhood to the next. Visiting open houses and seeing what's on the market can quickly reveal whether you want a big or small yard. However, no matter what you choose, you must be able to upkeep the yard throughout the years.

Alt-tag: A green backyard is important when buying a home for aging in place

Caption: The yard is a feature you should not overlook when buying a home for aging in place

The look of the lot is also important. Lots come in a variety of shapes, with some being rectangular and others being irregular. This may or may not be an issue for you, depending on your preferences for privacy, the intended use of your grass, and the length of your driveway. If you're unsure where one lot ends and the other starts, ask your realtor to examine the lot description and measurements. You should consider your options if you come across a home that comprises two lots. 

5. Shared amenities and the community

Shared amenities and the events in the community are also a thing you should consider. If you like the community, there's a chance you'll stay longer in the house. People may also stay in their own homes for longer if they live in a walkable neighborhood. See who's in your immediate vicinity. Within walking distance, is there a nice supermarket? Is there a place to get a cup of coffee nearby? The type of people that live in the area is very important. You should pick an area that's family-friendly and where you won't have many troubles. You may wonder how far in advance you should book movers. Typically, once you find your perfect home, it's time to make a detailed timeline for moving in and schedule your move with a reliable moving company. 

Final Note 

Now that you know what features to look for when buying a home for aging in place, it's time to start the search. If you have any further questions for us, we'll be more than happy to answer all of them. Feel free to contact us anytime. 

 

Images used: 

1. https://www.pexels.com/photo/architecture-clouds-daylight-driveway-259588/

2. https://www.pexels.com/photo/turned-off-flat-screen-tv-276724/

3. https://www.pexels.com/photo/white-and-black-desk-beside-bed-and-window-439227/

4. https://www.pexels.com/photo/architecture-clouds-estate-exterior-280222/

 

 

Meta: Wondering what features to look for when buying a home for aging in place? You're in the right place. Take a look at the five most crucial features to consider.

Posted in BoydTeam Blog
June 18, 2022

7 Things That Can Hurt Your Home’s Value (Avoid Them As Much As Possible!)

dining set photography

When you own a home, it is your own space to do with whatever you want. You have worked hard to afford the monthly mortgage payments and pay off your debt, and it is totally up to you to decide what you do with your home. From upgrades to styling and decorating, your home is your own canvas.

 

Getting a little too creative can wind up costing you in the end, though. While most people never dream of selling their house, the reality is that eventually most people wind up either upsizing, downsizing, or relocating to a new area, and they consequently sell their homes. While you want to personalize your home and make it comfortable while you are living there, there are some things that you want to avoid at all costs in order to preserve your home’s value. This list is going to take a look at seven things that can hurt your home’s value that you should avoid as much as possible.

 

 

1.     Installing Unnecessary Upgrades

 

This is where it all begins. Like we mentioned earlier, it is your house, and you should be able to do with it what you want! However, sometimes you need to recognize that doing with it what you want may lead to a reduced property value (or at least no return on your investment). One example may be installing a concrete slab in the back yard and adding a pavilion. If you have a large back yard, this will likely raise your property value as long as the job is done well. However, if you have a smaller yard and the concrete slab and pavilion take up half of it, your property value might actually go down, as you have cut your yard’s size in half.

 

Another example that is becoming a common trend is building special spaces for your kids. We recently saw a video of a home where the owners cleverly built a playroom into the space below their stairs. The playroom was dollhouse themed, was very well done, and was a beautiful, creative space where the couple’s daughter could play. The problem, however, is that they cut a hole in the shape of a house in their hallway wall, and that hole is permanently going to be there. They will either need to find a buyer that wants a built-in dollhouse (possible, but smaller target market) or path the entire gaping hole up with new drywall. It is possible to fix, but it is definitely a large project. While this couple was able to do a great job, they also clearly knew that they were doing. If are a bit less skilled with tools, this can become a property value killer, and fast.

 

 

2.     Choosing Dated Finishes and Colors

white and yellow flowers in white vase

 

When buyers go searching for houses, they understand that they will need to make certain changes to almost any property that they find. They are unlikely to find the house that they want already decorated and designed the way they envision it. Most buyers accept they will probably need to change some paint colors.

 

With that being said, opting for unsightly paint colors and leaving them that way when you go to sell is a big value killer. While it only costs you a couple hundred dollars to paint the bedrooms eggshell or white before you sell, leaving the walls as neon green or bright purple may cost you much more than that. While buyers know that they can easily fix the colors, many have a hard time seeing past them. This ultimately may lower their offer, in turn lowering how much money you receive for the home.

 

 

This logic applies to more than just paint colors, too. Opting for finishes that are out of style is bound to cost you when you go to sell your home. White appliances (and black, now, in many cases) are considered to be very undesirable, and the new, hot thing is to have all stainless steel. Countertops nowadays are supposed to be a clean marble or granite, with solid colors and busy designs becoming much less popular. When you make significant changes or upgrades to your home, make sure the finishes are ones that both you and an eventual buyer will like, or prepare to sacrifice a bit of your selling price.

 

 

3.     Letting Things Fall Into Disrepair

gray sacks on abandoned buidling

 

When you go to sell your car or trade it in, the most important thing should be that it runs well and has no mechanical issues. Paint should not be that important, as that is just visual, right? Wrong. Scratches on your car will lower its value significantly, even if it is mechanically perfect. The same exact logic applies when you are selling your house. Even if the framing, foundation, electrical wiring, and heating and cooling systems work perfectly, an unsightly fence can lower your property value by thousands of dollars.

 

 

The important thing here is to stay ahead of repairs and to never let things fall into disrepair. If you let your fence start leaning and watch all of its paint chip away, it is likely that you also let your siding break, your driveway crack, and your doors to lose their luster. The time to address these issues is not when you are selling your home. The time to address them is when they occur! If you let them all pile up, it will get very costly and stressful, and it will complicate the selling process even further. Trust us – it is already complicated enough!

 

 

4.     Accumulating Too Much Junk and Clutter

 

How does clutter affect your home value? You are going to remove all of the things before you move out, anyway, so why should this matter? There are two main reasons that this matters: open houses, and listing images. If you have too much clutter, you simply can’t hide it when prospective buyers or a photographer come in. Buyers in an open house want to open up closest and check out the basement and shed, so there is really no place to stow all of your unnecessary items. If a buyer sees too much clutter, they may make assumptions about your lifestyle – like your cleanliness habits or your maintenance habits – and look elsewhere.

 

When it comes to listing images, you want the place to be as pristine and spotless as possible. Having junk or clutter in the background of your listing images is simply unacceptable and is not going to lead to many prospective buyers. To avoid this dilemma, get rid of clutter as it builds up, not just when you are looking to sell. There is so much stuff that you have and will never need or use again, and letting it all take up space is a bad habit that could cost you some money when you decide to sell your home.

 

 

5.     Neglecting The Lawn And Gardens

green plants beside white wooden fence

 

This one is a bit easier to handle, but it is still incredibly worth noting. When you are showing your house to prospective buyers, you want to put your best foot forward. Your best foot, in this case, needs to include weeded gardens, mulched flower beds, nicely cut (and not littered with clippings) grass, and hedged bushes and trees. Nobody wants to feel like they are moving into the jungle in the middle of a place like South Carolina, and it is your responsibility to keep the greens and the lawn looking crisp and respectable.

 

 

If you are unable to do this yourself, is it a really good idea to call a landscaper to come in before you sell your home. They can take care of the mowing, the weeding, the mulching, the edging, and the hedging all at once, making your house look a bit more appealing without requiring you to work hard outside in the heat.

 

 

6.     Keeping Appliances and House Components Longer Than You Should

 

Everything has a life span and keeping things past that intended life span usually is not a great idea. Appliances perform at their best during that intended life span, and once they hit a certain age they begin to require more energy to operate and post fire risks. Replacing things like ovens and refrigerators every few years is a good idea.

 

However, there are much bigger, important house components to think about than just ovens. Appliances like water heaters, air conditioners, and water softeners all have an intended life span, too. Rooves and plumbing components have intended life spans. Just about anything and everything in your home will need to be replaced at some point, and keeping those components longer than you should may wind up costing you money. Appraisers often look at the roof on behalf of mortgage lenders, and if there isn’t three to five years of life left in it, the bank may refuse to offer a mortgage until repairs or upgrades have been made. To avoid this, just keep a routine maintenance schedule and keep good records of what you replace, when, and by whom.

 

 

7.     Opting For Carpet Instead Of Hard Floors

 

brown and white rug

Carpet is really nice. It feels great to walk on, is safer for babies that are learning how to walk, and it doesn’t really get scratched. Stains are easier to lift from carpet than scratches are to lift from hardwood floors! One thing that buyers tend not to like, though, is a house that is filled with nothing but carpet. Carpet in some rooms is great. Bedrooms, for example, are a very popular place to have carpet. Carpeting everywhere, though, is much less ideal.

 

 

Some rooms that you should never install carpet in are kitchens and bathrooms. There are simply so many stains in these rooms that installing carpet is a really bad idea. Although it can be shampooed, carpet traps allergens and stain particles that can be big turnoffs for buyers. If you have pets and a fully carpeted house, many buyers will turn and walk right out the door, as they know that your puppy’s accidents as well as his hair allergens from over the years are trapped in the carpet fibers. As much as you may try to shampoo it out, some things will stay forever. If a prospective buyer has pet allergies (which is increasingly common these days), they will not even consider a house will wall to wall carpeting. If it is only in the bedrooms and living room, they might be a bit more open.

 

 

 

 

 

Thanks for reading our post with seven things that can hurt your home value. We hope that this post has been helpful and informative as you go through the home selling process. There is so much to understand when you look into buying or selling a home and making a misstep can cost you thousands of dollars. While your house is your own kingdom and you can do with it whatever you would like, keeping a few of these things in mind can ultimately save you hundreds or thousands of dollars of value when you go to sell your home.

 

If you visit Myrtle Beach or any other place in South Carolina and fall in love, we’re here to help. We at The Boyd Team are committed to helping you find the right property for your needs and dreams. Any question that you have about moving to the area and finding your dream home by the beach is our pleasure to answer. Feel free to send us an email at eddie@boydteam.com or text or call us at (843) 222-8566, and we will get back to you as soon as we can. Being true natives of the Grand Strand and Horry County and with over 25 years of experience in the local real estate market, whether buying or selling, we can help you make your dreams a reality.  

No One Knows The Grand Strand Better! Trust, Knowledge, Experience, Professionalism, You Can Count On!

Posted in BoydTeam Blog
June 15, 2022

Everything You Need to Know About Flipping Houses as a Senior

 

If you’re looking to get into real estate, flipping houses might be the ideal way to do it. Although you’ll need to dedicate a lot of time and energy to this line of work, there are many positive reasons to consider flipping houses as a primary income source in retirement. Read on to find out everything you need to know about flipping houses as a senior.

Where to Start Looking for Properties

A great way to get started flipping houses is by looking at properties already on the market in Myrtle Beach, SC. Look for foreclosures, short sales, or homes below market value. Talk with real estate agents, and research these properties to ensure you know what you’re getting into.

How to Finance Your Deal

Many financing options are available if you're a homeowner — even if you don’t own your home outright or you're new to investing. For example, a home equity conversion mortgage is designed specifically for seniors who want to borrow against home equity. The main benefit of HECM loans is that they're multipurpose — so you can use them to make improvements to your home or to buy another property. Because they feature low-interest rates and flexible repayment terms, they can be ideal for seniors with limited income.

Renovations to Add Value

One of the easiest and most cost-effective ways to increase the value of your property is through renovations. If you’re planning on flipping or renting out your home, adding a new bathroom, kitchen, and flooring can do wonders for the way potential buyers and tenants look at it. To keep the air in your home cleaner, install a range hood to vent grease, smoke, and aromas from your kitchen. However, as with any renovation project, there are some things to avoid. For example, stay away from updating things not clearly visible; these rarely boost your home’s resale value.

The 70% Rule

When you're flipping houses, you want to ensure you make a return on your investment. The 70% rule assists home flippers in determining the highest price to pay for an investment property to be profitable. In general, spend no more than 70% of the home's after-repair worth, minus renovation cost.

What to Do Before Putting Your Home on the Market

Before your home hits the market, clean it up and make it shine. Remove clutter, organize the closets and garage, and clear out any extra items that prospective buyers could potentially regard as junk. Also, ensure all the appliances are in working order — this shows potential buyers that you maintain your home. Add some fresh plants or flowers to entryways or patios to boost curb appeal.

Having a System in Place

If you hire workers to help with rental maintenance, you'll need a system. Small business payroll processing can be easy. Even if you only have a few employees, having a well-organized payroll system ensures everyone gets paid on time. Look for a platform that supports same-day direct payment, automatic payroll scheduling, and automatic calculating and tax filing.

Finding Success

Flipping houses is an endeavor you can pursue successfully well into your later years. Research any potential properties thoroughly before deciding on one that’s right for you.

Visit The Boyd Team for help with your property goals in Myrtle Beach.

Image via Pexels

Posted in BoydTeam Blog
June 11, 2022

Should You Buy A New Home Or A Pre-Owned Home?

Should You Buy A New Home Or A Pre-Owned Home?

 

white painted wooden house at rural area

 

Entering the housing market can be an exciting, although overwhelming, experience. When you really sit down and think about it, there are one million things that could go wrong. There are millions of houses for sale, and your job is to pick the perfect one for you. If you make the wrong choice, no big deal, right? Other than the half a million dollars you had to commit to buy the house, that is!

 

Many homebuyers who come to this mental crossroads draw the conclusion that the best option for them might actually be to not look at any of those millions of houses at all. While there are millions of houses ready to be lived in, these homebuyers draw the conclusion that not a single one of them can possibly be their perfect dream house. Instead of exploring the housing market, they decide to just build one from the ground up.

 

Really, there is nothing wrong with this approach. Having a new home built is a great option for many people, and if this is what you choose, you should be proud to own your new home! There is something really special about having a place that is and has always been yours, and knowing that nobody has lived in the house except for you. There are, however, advantages and disadvantages to having a new home built, and it is important that you are at least aware of them before you make the commitment and begin construction.

 

This post is going to lay out the advantages and disadvantages of buying a new home instead of a preowned home. Once that groundwork has been laid, this post will continue with a look at what type of people are generally a better fit for both new and preowned homes. In top of that, this post is going to consider the fact that not all-preowned homes are equal. To address this, we will actually break them out into old preowned houses and young preowned houses. If you have any questions at the end of the post, be sure to reach out!

 

Advantages Of Buying A New House

 

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1.    You Are In Charge Of The Design and Construction

 

This may be the single greatest advantage in this entire post. There truly is nothing like designing your own home from the ground up and watching it as it gets built. When you buy a brand-new home, you decide what colors the walls should be, what kind of flooring there should be, the layout of the house, and more. Having that level of control over the space that you live in is only possible in a brand-new house, and it is something that truly does have a lot of value. While it is not a dealbreaker when you can’t have this level of control, having it is definitely a really nice perk. It makes you fall even more in love with your home when you know that you designed it!

 

2.    Reduced Maintenance And Repair Costs

 

New homes are exactly that: new. New things are much less likely to break than old things. That is just how the world works! Each component of a house has its own expected lifespan. Rooves, for example, tend to last for anywhere from ten to twenty years. When you buy a new home, it means that you are buying a piece of property with all brand-new components that should not be anywhere near in need of replacement. On top of that, many components of new houses come with specified warranties, so if your roof does cave in after just a couple of years, the homebuilder might replace it for you free of charge.

 

3.     New Homes Are Usually Larger

 

In today’s day and age, we have really gotten accustomed to having more. Everything always seems to get bigger and better. Newly built homes follow that trend to a T. When you have a new home built, dollar for dollar it is more likely to be bigger than an older house. While this all boils down to personal preference, more space means having more ability to do the things you want to do and host the people that you want to host. Buying a new house gives you more freedom to forge you future how you want to, not just within the confines of your brick colonial home.

 

4.     Save Money On Utility Bills

 

The final great advantage of building a brand-new home instead of buying a preowned home is that new homes tend to be much more energy-efficient. From windows that more effectively maintain temperature to more energy-efficient appliances, buying a new home typically means you can expect to spend much less on energy than you would in an older, preowned home. It is sort of like how it works in cars! New cars manage to get upwards of 40 miles per gallon, while a 2005 is lucky if it can even break 20 miles per gallon.

 

Disadvantages Of Buying A New House

 

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1.     New Home Prices Can Be Very High

 

To be fair, this is not really much of a shocker. New is always more expensive than used, all else equal. Having a new home built usually means you will pay more – a lot more – for the house than you would for a preowned one. Considering that all of the materials are being delivered to the worksite and coming straight from the factory, the “fresh house scent” comes with a pretty steep price tag. Those amenities are, however, often backed by guarantees and warranties, and they can make the high price tag worth it.

 

2.    New Homes Can Take A Long Time To Build

 

The second main drawback to having a new house built is that you need to have some time on your hands. New houses take several months to build, meaning that if you need to move in the very near future, this option likely will not work for you. While having the liberty to design and build your own house is very exciting and alluring, waiting for a year can be a bit inconvenient, if even doable. If you are relocating for work or have a lease expiring soon, this is simply not an option for you. If you have more time on your hands, this might matter a bit less.

 

3.     New Properties Tend To Have Smaller Yards

 

We have mentioned the concepts of supply and demand in some of our most recent posts, and those concepts sort of apply here as well. Land is not unlimited. There is only so much land that can be built. In the past, properties used to come with immense acreage, as there was simply so much available. Now, the price of land has risen substantially and the size of the yard in a newly built house tends to be much smaller as a result. You can still have a yard, but the idea of having a few acres of land for the puppy to run on is a bit more unattainable now if you want to buy a new house. This is also because most new houses tend to come in housing developments these days, and the lots in a housing development tend to already be owned by a developer, already be a certain size, and tend to be less than an acre.

 

4.    New Houses Tend To Be Located In Developments

 

On that note, the final item on our list of the biggest disadvantages of building your own new home is that new homes tend to be built in housing developments. For many people, this is not a disadvantage at all. Housing developments offer great security, peace and quiet, and community. However, what housing developments often lack is proximity to walkable areas. Housing developments exist in places where developers can buy hundreds of acres of land to plop down a community, and there don’t tend to be hundreds of acres available downtown in any city anywhere. The only example I can think of is Central Park in New York City, which would probably cost a trillion dollars to buy out. As a result, housing developments tend to get build in less convenient, less proximal areas. If you want a detached feel, this is great. However, if you want to be able to walk to coffee shops, grocery stores, parks, and city hall, you might prefer looking elsewhere.

 

 

 

Advantages Of Buying An Old, Preowned House

 

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1.     The House Has Character

 

When you buy an old house, one of its best features likely is its character. Houses that are old, while they may come with some problems, carry a level of charm that is hard to match with new construction. Especially as they are often located downtown in cities, old homes can blend the neighborhood with unique architectural style, leaving you with something that is yours and yours alone. In the age of cookie cutter homes, owning a downtown Victorian residence is extremely appealing to many people, and while things may be dated on the inside, they can easily be replaced and upgraded.

 

2.     The House’s Value Curve Is In A Mature Phase

 

Property values change over time, but they do tend to follow several different value curves. A value curve is basically the pattern that a home’s value with follow as time passes. At first, a home is worth its selling price. For a while, that value will rise alongside inflation. Eventually, that value starts to decrease as the house ages. With old, classic homes, they are already old enough to where they’ve worked their way through the value curves and are now considered to be more of an antique, which adds value. As they are in a mature phase, you can normally expect that with good upkeep, they will not lose any value. This works just like antique cars, as for the first twenty years they are just an outdated, used car, but eventually, if kept in good condition they become collector’s items worth much more than their initial sale price.

 

3.     The House (And Its Value And Neighborhood) Are Established

 

Similar to the second point on this list, as the house is mature it has grown with the people and places around it. Houses grow legacies right along with the other people and houses on their street, and these legacies stay intact. Just like the house’s value tends to be locked in after a certain time, its significance, charm, and legacy tend to too.

 

4.    Old, Preowned Houses Tend to be Cheaper

 

This is a bit fluid, as really nice antique houses will not be cheap. However, most homes built in the 1960s are going to come at a much more affordable price point than homes built in the 2000’s, even if they are constructed better than the modern ones. If you are looking for something that is attainable from a cost perspective, looking at older, preowned houses might be the best place to start.

 

 

Disadvantages Of Buying An Old, Preowned House

 

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1.     Maintenance and Utility Costs are Higher In Old Houses

 

Old things break more. That is just a fact of life. As old houses have been around for 40+ years, they start to develop more problems that need attention. These problems can be faulty breakers and circuitry, roof leaks, plumbing issues, appliances that need replacing, windows that don’t insulate very well, and more. These repairs tend to add up, and in older house they are also much more frequent. Old houses are also where extremely expensive repairs – like cracked foundations – are likely to occur. These are the types of things that can really break the bank.

 

2.    Old Houses Are Typically Smaller

 

I mentioned earlier that we live in a supersized day and age, but that was not always the case. Houses built in the 1960’s tend to have smaller rooms, less bedrooms, and bigger yards. People back then just didn’t demand nearly as much space as they do today, and children sharing rooms was much more common. Houses built in the 2000’s tend to have big bedrooms (and lots of them) and small yards. It is just how styles and preferences have changed over time. For many people, this isn’t an issue. However, if you need more space, a 1960’s rancher is probably not the right type of home for you.

 

3.     Fixtures And Materials May Be Outdated And Need Replacing

 

In the past several decades, people have made huge leaps in terms of quality of materials and engineering. Houses built in the 1960’s often have less trustworthy electrical systems, often use materials that nowadays we see as very, very toxic (like asbestos) and often used light fixtures and appliances that are considered energy guzzlers in this day and age. Moving into an old home often means replacing any tiles that may be filled with asbestos, running some new wiring, and replacing many of the light fixtures and appliances both for fire safety reasons and for energy saving reasons.

 

4.    Old Houses May Have Dated Finishes and Designs

 

The final item on this list is simply that old houses tend to be dated on the inside. From bright colors, to wallpaper, to odd types of carpet, old houses are often in need of a real facelift if you want them to be stylish. While giving a house a facelift isn’t horribly expensive, it is still more money that you might need to budget on top of the price you pay for the house. Carpeting isn’t too expensive, but it is something that you definitely cannot do on your own. Painting the entire house is something you can do on your own, but it takes a lot of time, effort, and a fair amount of money to do.

 

 

Advantages of Buying A Preowned, Relatively Young House

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1.     More Affordable Prices Than New Homes

 

In many ways, buying a preowned, relatively new house can be a sweet spot for buyers. The house is fairly new, which means that you will have most of the modern amenities that are built into homes. If you buy a 10-year-old house today, there is a good chance it may have USB outlets, light dimmers, and a Bluetooth thermostat. Those are all cool perks to have in a home! However, one of the biggest advantages is that they cost just a bit less than a brand-new home. So, if you opt for a house that has been recently built but had another owner for a few years, you get all the same modern conveniences for a slightly lower price tag. If budget is an issue, this can be a great compromise.

 

 

2.    If Inspected Properly, There Will Be Low Maintenance Costs

 

As a recently built, preowned house has not had all that much time to deteriorate, many of the most expensive fixes should still have a long time before they need attention. The foundation should still be great, the roof should have a good amount of time left, and the electrical and plumbing systems should all be squared away and good to go. If your inspection goes well and there are no impending fixes, looking at young, preowned houses can be one of the most economical choices that you can make when looking for a house.

 

 

Disadvantages Of Buying A Preowned, Relatively Young House

 

Abort, Delete, No, Cancel, Locked

 

 

1.    The Price Is Not That Much Lower Than A New Home

 

While the price of a young, preowned house is not the same as an equally built, brand-new home, it isn’t that far off. After all, you are still buying a comparable house that really isn’t dated in any way. When you opt for a home in this category, you save a few thousand dollars but lose the autonomy that comes with having your own house built and the sense of security that comes with knowing you are the only one to have lived in your home.

 

2.     If It Needs Repairs, They Might Be Costly

 

One of the most important parts of buying any preowned home is having it inspected, as a good inspection can save you thousands of dollars. However, inspections are done by humans, and humans miss things. If your inspector misses a big thing that needs to be repaired and you buy the house, there is a good chance that the repair is going to be costly. In a ten-year-old house, there aren’t too many things that should be in need of routine maintenance or repair. So, if you have an issue, it is likely one that isn’t supposed to happen, and these are often the most expensive repairs.

 

 

 

Thanks for reading our post about the advantages and disadvantages of buying both new and preowned homes. We hope that this post has been helpful and informative as you go through the home buying or home selling process. There is so much to understand when you look into buying or selling a home and making a misstep can cost you thousands of dollars. Knowing at least what type of house you ought to be looking at makes starting the house hunting process much easier, and it can save you a lot of time, too.

 

If you visit Myrtle Beach or any other place in South Carolina and fall in love, we’re here to help. We at The Boyd Team are committed to helping you find the right property for your needs and dreams. Any question that you have about moving to the area and finding your dream home by the beach is our pleasure to answer. Feel free to send us an email at eddie@boydteam.com or text or call us at (843) 222-8566, and we will get back to you as soon as we can. Being true natives of the Grand Strand and Horry County and with over 25 years of experience in the local real estate market, whether buying or selling, we can help you make your dreams a reality.  

No One Knows The Grand Strand Better! Trust, Knowledge, Experience, Professionalism, You Can Count On!

 

Posted in BoydTeam Blog
June 4, 2022

What Is Going On With Home Prices This June?

What Is Going On With Home Prices This June?

 

If you have paid any attention over the last year, you may have noticed that home prices were through the roof. If you speak to anyone who has tried to sell their house in the past year, they will likely tell you that it sold almost instantly after it was listed! This is wild, especially considering that the country is exiting the COVID-19 pandemic and the economy is supposed to be in a slump.

 

In the past, it was common for houses to sit on the market for a while. Sellers would maybe receive a couple of offers at or under asking price, and they’d ultimately find someone to settle with. In recent months, however, the situation has entirely flipped into a seller’s market. It has been common for sellers to list their houses and receive several offers above asking price in the first few days, even! What caused this kind of crazy demand, and what is happening in the housing market now? This post will aim to answer both of those questions for you, as well as provide a little more context into seller’s and buyer’s markets. At the end of the day, timing is one of the most important factors to consider when buying or selling a home, as buying or selling at the wrong time can cost you thousands of dollars.

 

 

First, What is a Buyer’s Market and What is a Seller’s Market?

 

If you read our blog posts, you might remember that we wrote a whole post on this question alone late in 2021. Buyer’s markets and seller’s markets are very important concepts to understand when buying a house, and we did our best to fully lay it out for you in that post. Now, however, we just want to quickly glaze back over the concepts, so that you have a quick understanding of each of them as you read through the rest of this post.

 

A buyer’s market is one where the buyers have the power. In a textbook buyer’s market, you see houses selling for below their asking price, long amounts of time between listing and settlement, and sellers giving concessions to the buyers like replacing the roof or including appliances in the sale. Essentially, a buyer’s market is one where you want to buying your house, not selling it.

 

A seller’s market is the opposite of a buyer’s market. In a seller’s market, the sellers have all of the power. This is what we have recently been in in the United States. In a seller’s market, home prices sell for far above asking price or their assessed value, houses sell very soon after being listed, and buyers make concessions to the seller, like waiving the inspection, paying in cash, not requiring certain repairs, and settling immediately. This is not the optimal time to buy a house, as there is a chance you will sink your teeth too hard into something that you shouldn’t bite, due to all of the concessions you might have to make.

 

 

Have We Been In a Buyer’s Market or a Seller’s Market Recently?

 

Over the past year, we have been in a severe seller’s market. Home values have been inflating sharply, and they have been selling even further above those values. Some sellers have been pricing their homes higher than they ever thought imaginable, and are then selling them even further above that asking price! Over the past few months, it has been really hard to be a buyer, because other buyers have been offering far above asking price, have been waiving standard requirements, and have even offered to pay fully in cash. Unless you have a few hundred thousand dollars laying around in cash, it has not been an easy time to buy a home.

 

At times and in certain places, buying a house over the past year has actually been impossible. In certain markets, buyers have been unable to buy a house unless they offer at least 10% above the asking price and pay in cash. Paying in cash is simply not feasible for most people, and these conditions are extremely unfavorable to buyers in any case.

 

 

What Caused The High Demand That Created The Seller’s Market?

 

There is no one factor that caused the astronomical home prices that we have been seeing over the past year. There are a few key ones, though, that have definitely played a large role. The record-low interest rates, the mass relocation due to the pandemic, supply chain shortages, consumer preferences, and the world-shattering inflation are five factors that have played a major part in driving up home prices. How is that the case?

 

1.     Massive Relocation Due To The Pandemic

 

Firstly, let’s start with the massive relocation driven by the pandemic. Many people have been met with a new and unforeseen reality: they will never have to go back to work again. Or, rather, they will never have to leave their home to work. Many people who worked in offices have since been told that they will be allowed to work from home indefinitely. This newfound freedom has driven many people to make the jump from living in downtown apartments where they work to living in a big house in the suburbs of a cheaper city. Someone with a job in Boston, for example, typically makes a lot more than someone doing the same exact job in Missouri due to the elevated cost of living.

 

So, if someone with a Boston salary is told they don’t need to be in Boston anymore for work, there is a good chance they will look to leave Boston and move to a cheaper city where their money goes much further. As someone making $120,000 in Boston has much more purchasing power than someone making $60,000 in Omaha, the Bostonian is able to offer far above asking price and close on a house sooner than the Omaha native.

 

This trend has been happening all over the country, as people have been rapidly fleeing expensive places like California, New England, and New York to move to less-populated, up and coming cities in states like Ohio, the Carolinas, Colorado, Arizona, and the Dakotas. In the process, this massive population shift has drastically altered the housing market and priced locals out of buying homes in their communities.

 

2.     Rapid Inflation Due To Government Spending

 

Secondly, let’s take a look at the rapid inflation. Inflation, for those who do not already understand the concept, is the idea of prices rising over time. As time goes on, money is worth less. In the 1950s, you could get a Coke for a dime at the convenience store. Now it costs over two dollars in many places! This is inflation happening right before your eyes. Inflation is a really complex economic activity, and there is not a singular factor that causes inflation to occur. There are several that play into it, though!

 

One of those is government spending. Over the past couple of years, the government has chosen to spend large amount of money on surprises that came up out of nowhere. The COVID-19 pandemic came first, causing the government to offer stimulus packages to citizens and businesses to try to keep the economy afloat. After that, the Russian invasion of Ukraine cause the government to send hundreds of billions of dollars of aid to Europe. All of this government spending, for better or for worse, causes taxes to go up, which causes prices to go up. Companies have to make a profit, after all!

 

Regardless of the source, inflation has partially caused home prices to skyrocket over the past year. Just as gasoline has risen to over four dollars per gallon across the country, so too has the cost of buying a house. It really is that simple, partially!

 

3.     Supply Chain Shortages Limiting The Building Of New Homes

 

Thirdly, the supply chain shortages have played a large role in the elevating home prices. New homes have become extremely hard to build, as homebuilders simply can’t get the materials that are necessary to build a house. Whether it is windows, doors, flooring, or shingles, there is an international shortage of goods that are required for homebuilding. As a result, many people have been driven to buying pre-owned homes, as they are the only option on the market right now!

 

Basic economics will tell you that decreasing the supply will raise the price as long as the demand stays constant. The decreased supply of new houses has caused people to look at buying houses that are already built, consolidating the demand for houses into just one niche. We have already talked about the increased demand due to relocation, meaning that the price was theoretically due to rise even further. If you haven’t gotten the point yet, it did rise!

 

4.     Record-Low Mortgage Rates

 

The fourth major component that has caused housing prices to rise is the record-low mortgage interest rates that lenders have been offering. There are a lot of factors that go into the interest rates that lenders offer, but the main point here is that the economy was in a really weird place for a while, and lowering the interest rates was one of the outcomes. The Federal Reserve, which is basically the national bank of the United States, sets its own interest rates, and the rest of the banks in the country have to pretty much follow in lockstep. The Federal Reserve lowered its interest rates, which caused the mortgage lenders to also lower their interest rates.

 

When the homebuyers caught onto the fact that banks were offering the lowest mortgage rates ever, they decided to take the jump and buy a house. These low mortgage rates, coupled with all of the other factors that we have mentioned already, drove the demand for houses way up while the supply stayed pretty stagnant. Again, referencing economics, when supply goes down and demand goes up, prices are going to skyrocket. It is just how things work!

 

5.     Personal Preferences Shifting Toward Homeownership

 

The fifth and final major driver of price that we have identified is the shifting consumer preferences in the market. Simply put, more people are deciding to live in houses rather than apartments. This may be because the population is aging in certain ways, as a certain segment of the population may be coming of age and all deciding to buy houses at the same time. It may be due to other external factors, like increasing violence in crime in many urban areas. Many people living in cities rent their homes rather than owning them, and as people evacuate the major cities, it makes sense that a higher proportion of people are looking to buy homes.

 

On top of that, rent prices across the country have been rapidly increasing, just like home prices. Many people have come to realize that if they are going to be shelling out such a large proportion of their income each month to pay rent, they might as well buy a house and build equity with the payments. All of these factors come together to drive up the prices, as demand skyrockets even further. As we have already discussed, increasing the demand while holding supply constant makes the prices increase, putting the market into the position where it has been over the past several months.

 

 

What Is Happening In The Housing Market Now?

 

While the country saw some crazy things happening in its housing market over the past year, it seems like the home buying craze is starting to slow down. In many major markets, home sales have drastically reduced, and sellers are actually beginning to have a tougher time selling their homes. Many experts use the term “leveling out” to describe what is happening in the housing market. While not everywhere in the country is seeing the end of the housing boom, bit by bit the boom is drawing to a close around the nation. In some major cities, houses are once again taking weeks or longer to sell.

 

Based off of the definitions that we provided earlier, you could say that we are exiting the seller’s market. Key factors like average selling price, average listing time, and purchase concessions are shifting away from being in the sellers’ favor and back into a more favorable situation for the buyers. It is important to note that this operates on a spectrum, and there may not be an identifiable, indisputable moment that marks the shift. Really, it may just be that over time, the conditions begin to favor the sellers less than they did during this recent, big boom.

 

 

There has also been speculation as to whether or not there is a housing bubble that is going to pop. Just like what happened during the Great Recession in 2008, many experts think that the housing market might pop, and property values will rapidly decrease. There is no way of really knowing this before it happens. We are not financial experts, and we will not advise you whether or not you should sell your home, but we will happily help you to do so if you make the decision to sell! The market conditions would dictate that now might still be a good time to sell, as property values are still quite high. While we might be exiting the seller’s market, that does not necessarily mean that we are entering a buyer’s market. There is certainly space in the middle, where the market is in equilibrium and neither sellers nor buyers have a big leg up.

 

Thanks for reading our post about what is going on with housing prices recently in the United States. We hope that this post has been helpful and informative as you go through the home buying or home selling process. There is so much to understand when you look into buying or selling a home and making a misstep can cost you thousands of dollars. Timing is one of the most important aspects of buying or selling your home, too, as taking the wrong action at the wrong time can cause you to miss out of thousands of dollars of value, either in terms of extra cash when selling a home or savings when buying one.

 

If you visit Myrtle Beach or any other place in South Carolina and fall in love, we’re here to help. We at The Boyd Team are committed to helping you find the right property for your needs and dreams. Any question that you have about moving to the area and finding your dream home by the beach is our pleasure to answer. Feel free to send us an email at eddie@boydteam.com or text or call us at (843) 222-8566, and we will get back to you as soon as we can. Being true natives of the Grand Strand and Horry County and with over 25 years of experience in the local real estate market, whether buying or selling, we can help you make your dreams a reality.  

No One Knows The Grand Strand Better! Trust, Knowledge, Experience, Professionalism, You Can Count On!

 

 Written by Greg

Posted in BoydTeam Blog
June 1, 2022

How to Depersonalize Your Home Before an Open House

 

 

How to Depersonalize Your Home Before an Open House

 

Featured image

Alt tag: Half-empty kitchen because depersonalizing your home before an open house might help you sell it more quickly

 

When it comes to selling your home, the most important thing to remember is to make as much profit as possible. If you depersonalize your home before an open house, it might help you sell it more quickly and for more money. So, remove everything that makes your house yours, and it's ready for sale presentation. Continue reading to find out the best ways to increase the value of your home and sell it quickly. 

Depersonalize your home before an open house to sell it quickly

What are the benefits of depersonalizing your home before an open house? It's all about eliminating your style from your home. The important thing is that the buyer sees it as potentially their house, not yours, and to be able to view all of the free space.

Whether you plan to sell your home or rent it out long-term, depersonalizing it is one of the most important things to do first. The more personalized stuff you display in your house, the more difficult it is for homebuyers to imagine themselves moving there

Get rid of at least half of your belongings and retain the rest. Remove personal items such as baby photos, your traveling souvenirs, etc. Try hiring a specialist to help you realize your house's full capacity. Simply enough, staging involves arranging your items to highlight the layout and optimize the available space.

First of all - declutter

There are two major factors to worry about when it comes to clutter. First of all, it draws attention away from the qualities of your property. Another problem is that it gives the impression that the house is smaller. Now is the time to dispose of unnecessary items and pack up and store the things you don't use regularly. 

Caption 1: Is the time to dispose of unnecessary items

Alt tag: Removing boxes for declutter

Those include seasonal clothes, hobby tools, decorations, all sorts of equipment, etc. It's also essential to give, sell or donate all of the stuff you don't need, such as outgrown clothes, the instrument you never play, or accessories for the kids. The goal is to create a lot of open space. Renting a storage container and keeping your possessions there can help achieve that.

You might enjoy your décor, but your buyer may not

A lot of homebuyers want an emotional connection to a house. An offer will not be submitted unless there is an emotional bond. When you depersonalize your property, it is easier for a buyer to connect emotionally with it. They may envision themselves living at your house. Every person has a distinct sense of style and taste, so you've most likely filled your home with furniture that reflects your preferences. But your décor may turn the buyer off. In certain circumstances, they may be considering the cost of redecorating the inside or renovating a kitchen or bathroom to match their taste. If you remove many of the components that offer your home a specific appearance and style, what's left, such as tiles, closets, and so on, although not ideal from the homebuyer's perspective, might be considered something that they can deal with.

Caption 2: When confronted with a very colorful room, all the buyers can think about is the work that they would have to do

Alt tag: A room with a bed and blue wall

To offer your area the broadest appeal possible, you want to oversimplify and neutralize it. Most individuals may tie their possessions in with a pale greyish or beige color. When confronted with a very bright-colored room like red, they will think about the work they will have to put in to make the space up to their taste.

Hide sanitizers and cleaning products

Nobody likes to think about those aspects of life when shopping, especially for their ideal home. Get rid of anything that reminds you of cleaning and maintenance. Having your vacuum cleaner, mops, a pile of cleaning products, lawnmowers, or even toothbrushes is distracting. Replace useful everyday objects with strategically arranged houseplants. That can be one of the elegant bathroom ideas. If you must leave some common goods visible, make sure they remain neatly stored in attractive packaging.

Caption 2: Get rid of anything that reminds you of cleaning and maintenance to depersonalize your home before an open house

Alt tag: Cleaning supplies

 

Take off all political items or photos

Anything that has the potential to be divisive or confrontational is a terrible concept. That political photograph which you are delighted with should definitely go away. To optimize your chances of a speedy sale, you need to keep your house neutral and friendly to individuals of all political persuasions.

Avoid having pets in the house during the tour

Pets are also excluded during house showings. Puppy eyes and cat hairs aren't for everyone, whether you like it or not. If you keep them over during a house tour, you may potentially lose your sale. Let some family members take your pets to the local park or find a friend to cat-sit.

Other random personal items you might want to hide or relocate

Jewelry, antiques, watches, medications, computers, and cosmetics are all the things that people typically miss. So grab your laptop and expensive watches and consider getting them out of the home. If you have many valuable or bulky items to relocate, you should consider renting a storage unit and hiring a moving company. According to Heart Moving, removing all you can from your home can make your relocation faster, cheaper, and easier later. 

Conclusion

You can always pay someone to organize, pack, and transfer your belongings, whether you're selling or renting your property. But you will have to depersonalize your home before an open house yourself. 

 

Meta: Try to depersonalize your home before an open house and ensure to sell it quick, stress-free, and for a higher profit.

 

Photo links:

https://www.pexels.com/photo/spacious-stainless-steel-kitchen-in-house-4469159/

https://www.pexels.com/photo/a-couple-carrying-cardboard-boxes-8292837/

https://www.pexels.com/photo/cleaning-supplies-in-a-bucket-3177257/

https://www.pexels.com/photo/bedroom-with-blue-wall-7601260/



Posted in BoydTeam Blog
May 28, 2022

8 Mistakes First Time Prospective Homebuyers Make (And How to Avoid Them)

Shopping for your first home can be both one of the most exciting and one of the most nerve-wracking periods of your life. After all, you’re making a decision that carries major, long-term ramifications that could have reverberating effects as the years go by. While you are not promising to have the house for forever, odds are that you will have it for quite some time, and a lot of momentous things will happen during those years. Maybe you will have kids for the first time. Maybe you will have more kids than you initially expected. Maybe you won’t have kids at all! Maybe you will get a big promotion. Maybe you won’t.

 

Frankly, there are just so many things to consider when making the long-term commitment that comes with buying a house. All of these things can be stressful and overwhelming, to say the least. However, they are equally accompanied by joy and excitement, and choosing the right house can mean years of great memories, minimal stress, and endless bliss. So, what are some things that you should be sure to do (or not to do) as a first-time homebuyer to guarantee this happiness? We will address some of the big ones below, so keep reading!

 

 

1.     Not Checking Credit Reports

 

woman holding black smartphone near silver macbook

In this post, we are going to talk a lot about mortgages. This is not just a post about mortgages, of course, but your mortgage is definitely one of the biggest pieces of the homebuying puzzle. Getting the right deal on your mortgage is key to alleviating financial woes (or regrets) over the coming years. While there are a lot of parts of the mortgage process that are out of your control, there are a lot of things that you do have some power over. One of those things is your credit report.

 

When you apply for a mortgage, you are typically going to be thoroughly vetted. After all, the mortgage lender wants to make sure that you are a viable candidate who they can trust to make consistent payments over a 30 year timeline. One of the first places that they will look is your credit report. This is not just your FICO credit score that credit cards look at. This is a comprehensive report about your current credit balances, your credit history, and more. The report is pretty extensive, and it is not uncommon for errors to pop up. Loans that don’t actually exist, credit cards that you closed that appear to still be open, balances or payment records that are inaccurate, and misspellings of names and addresses that cause errant information notifications can absolutely exist, and they can really cause problems when it comes to getting your loan terms or even your loan approval.

 

Checking your credit report and correcting any errors with the credit bureau before you start shopping for a mortgage is always a really good idea that borrowers tend to overlook. They assume that the credit bureau is perfect, when in reality it is just run by humans who are prone to mistakes. Correcting any discrepancies before you contact mortgage lenders can earn you much more favorable terms on your mortgage, which can save you thousands of dollars at the end of the loan.

 

 

2.     Skipping the Inspection

white and black electric device mounted on white wall

 

No house is flawless – not even if you just had it built. Houses are made to last, for sure, but they are prone to errors and imperfections. Over time, it is natural for a house or its appliances to need a repair; those are just the duties of homeownership! Repairs to the roof, structure, and appliances are common occurrences that you are certain to deal with during the home’s life.

 

The problem, though, is that you don’t want to have to deal with them right off the bat. Nobody wants to buy a house and then find out a month after closing that the basement wall is caving in or the roof is leaking. Nobody wants to be looking at different water heater models right after they move into their new home. These are just not friendly, fun activities that new homeowners want to deal with!

 

To avoid these issues, make sure that you have a contractor go in and thoroughly inspect the house. It will cost you a little money, sure, but the money you pay a contractor to check out the health of the house is much less than the cost of a new roof or a new water heater. Some necessary repairs, like cracks in the foundation, should be dealbreakers. Others, like a faulty water heater or a leaky roof, can be used as negotiation pieces to lower the price of the house. For example, if you know that you need a new roof on the house and that it will cost $10,000, you can use that knowledge to get the seller to lower the price by $8,000-10,000 or require that they pay for a new roof before you close on the house.

 

 

3.     Not Researching the Neighborhood

brown and white concrete house near green trees during daytime

 

Everyone wants to buy their dream house, and sometimes things are just too good to be true. You have finally found the four bedroom, 5 bathroom house of your dreams with a big yard for the kids to play in and a cool space to turn into a bar downstairs! How great! And it is even within your price range!

 

…Except that this sounds too good to be true, right? Often, it is. One of the biggest reasons for this is that the neighborhood is either unsafe, inconvenient, poorly maintained, or in a bad school district. The house of your dreams may be great, but what if sitting in the front yard isn’t safe? What if the public school district you live in has horrible standardized test scores? What if there is no grocery store within a 20-minute drive? What if the neighbors are just rude people? All of these things should play into your decision in some way.

 

Home prices are typically lower in rural, disconnected areas. They are also lower in what are considered to be “bad” neighborhoods. Maybe these are sacrifices that you are willing to make, and maybe they aren’t. Whatever you choose is fine, but what is important is that you make an educated, knowledgeable decision. The house is the most important component, for sure, but the infrastructure of the community and neighborhood should factor into your decision, too.

 

 

4.    Moving Too Quickly

brown cardboard boxes on gray asphalt road

If you have ever shopped for an apartment – especially in recent years in urban areas as they have adopted dynamic pricing – you may know the importance of moving quickly. In big cities, apartments fill up rapidly and your options dwindle right in front of your eyes. Dynamic pricing also makes signing a lease today cheaper than signing in a week, and the price rises the further out you look to sign. There are many things that might pressure you to speed up and get moving. The house you’re interested in might get bought by someone else! The interest rates might rise! What will you do if your dream house on the corner gets bought by someone else?

 

You will take a deep breath. That is what you will do. The fact of the matter is that apartment leases only last around a year. If you strike a bad deal on a lease, the worst thing you need to do is live there for a year and then move. If you strike a bad deal on a house, though, you are stuck living in that house and paying on that mortgage for much, much longer.

 

Good things come with time, and patience pays dividends when it comes to house shopping. While there is such a thing as moving too slowly, too, taking your time is the best way to ensure that you get a good deal and pay the right price on the right home. Take the time for a thorough inspection. Take the time to negotiate on price. Take the time to work with several mortgage lenders. Take the time to truly ponder whether or not the house that you are looking at is the one that you want to move into. Don’t sign on any dotted lines until you are confident that you have thought about every angle of the purchase. Once you can tell yourself that you have analyzed the situation as well as you can, then feel free to sign.

 

 

5.     Burning Through All of Your Savings

 

20% down payments are steep, aren’t they? Saving up for 20% of a house in cash is no easy task. That literally takes years. If you are buying a $300,000 house, for example, 20% is $60,000. If you save $1000 per month, which is a lot of money for most people to be saving on top of their bills and rent, it will take five years to save up for that down payment. Since that time window is so long, many first-time homebuyers are excited to finally pull the trigger on a home when they have enough saved up for the down payment. Logically, this makes sense!

 

The problem, though, is that dumping all of your savings into your down payment leaves you completely exposes to any financial hurdle that might arise. If you move in and the roof starts leaking, where are you going to get the $10,000 to fix it? If you get in a car accident and need to shell out $1,000 for your insurance deductible, where are you going to get it? What if you get hit with an unforeseen tax bill and you need to strap together some cash? There are many things that can happen after you buy a home that expose you financially, and having nothing left in your savings is a very dangerous position to be in.

 

To avoid this issue, be sure to save up more than the required down payment. While a 20% down payment is ideal, it is not set in stone. You can certainly opt for a 10% or 15% down payment – or lower, even – instead of the gold standard of 20%. While this will make your monthly payments go up, it leaves you at least a little more financially protected in the short term. If you can afford the 20% down payment, it is often prudent to do it. However, if the 20% is stretching you thin or cleaning you out, find a way to pay a smaller down payment or look for a less expensive home overall.

 

 

6.    Not Budgeting Properly

person holding paper near pen and calculator

 

On that note, are you even shopping in the right price range? Many first-time homebuyers do a few simple calculations to find out how much house they can afford, and they start shopping directly in that window. While these calculators are generally a great tool, they often fail to assess your full financial picture. You mention that you can afford to pay $40,000 down and you make $4,000 after tax per month, and they spit out a number telling you how much you can afford to pay each month. Easy, right?

 

The problem here is that the calculators don’t dive deeper. Just because you have $40,000 to put down doesn’t mean that you should put $40,000 down. As we just talked about, you don’t want to empty out your savings account to make a down payment. On top of that, many mortgage calculators fail to include the hidden costs of homebuying, like paying an inspector, closing costs, mortgage insurance, and other fees. Additionally, these calculators almost never factor in normal costs of homeownership, like repairs, property taxes, HOA fees, and utilities. There are a lot of bills that come with homeownership that don’t come with renting an apartment, and not considering them alongside your monthly mortgage payment is one of the biggest errors that you can make when purchasing a new home.

 

 

7.     Only Getting One Mortgage Quote

man in purple suit jacket using laptop computer

 

To some, this may sound obvious. To others, it may be something they would never even think of. Still, it is absolutely worth including in this post! Many prospective homebuyers think that mortgages are one-size-fits-all and that every bank will offer the same package. They just go apply for a mortgage at the same bank where their checking account is and call it a day. This is a grave error, though, as you never know what the best offer is until you look around. Talking with several different mortgage lenders is one of the most important things you can do during the homebuying process to guarantee that you are getting the best deal possible.

 

While mortgage rents tend to be similar across lenders, they are not always identical. Each lender has its own criteria, and you may be seen as more favorable with one and less favorable with another. You never know who will give you the best offer, and comparing a few is essential.

 

On a similar note, it is crucial that you get pre-approved for your mortgage before you start shopping for a house. This helps the process to move along more smoothly, and it also guarantees that you are shopping for houses that are within your actual price range. It is never fun to be looking at $400,000 houses just to realize that the bank will only give you a mortgage for up to $350,000, and it is also a bit deflating when you’re shopping in the $200,000 range and the bank approves you for up to $400,000. Getting pre-approved makes the whole process move a little more smoothly, so you definitely want to make sure that you do it.

 

 

8.     Skipping the Realtor to Save Some Money

 

 

Many first-time homebuyers learn that realtors take 3% of the selling price as a commission when the deal closes and get intimidated. After all, that is thousands of dollars! Could this not be avoided? Is a realtor even necessary? Finding a house on your own and contacting the seller ought to be easy enough to do on your own, right?

 

Wrong. This is a grave mistake that many first-time homebuyers make, or at least consider making. Realtors are not your enemy. They are your friend. Nobody understands the homebuying process better than realtors, and their savvy is worth a lot more than to you than the fee you pay when the deal closes. Realtors make sure that you get the best deal possible on the house, they make sure that the houses you’re looking at are good options for you, and they make sure that you cross all your t’s and dot all of your i’s along the way. While their role or purpose seems unnecessary to some first-time homebuyers, their value is immeasurable. They are a huge asset, and you want to make sure that you do not skip out on them to try to save money. You will not regret it!

 

Thanks for reading our post about 8 mistakes that first time homebuyers tend to make. We hope that this post has been helpful and informative as you go through the homebuying process. Again, remember that buying a house is one of the biggest commitments that you will make in your life, and getting out of homeownership is both difficult and expensive. For that reason, and for your own happiness, it is crucial that you pick the right house and strike the right deal with the seller and the mortgage lender. Hopefully these tips help you to do that!

 

If you visit Myrtle Beach or any other place in South Carolina and fall in love, we’re here to help. We at The Boyd Team are committed to helping you find the right property for your needs and dreams. Any question that you have about moving to the area and finding your dream home by the beach is our pleasure to answer. Feel free to send us an email at eddie@boydteam.com or text or call us at (843) 222-8566, and we will get back to you as soon as we can. Being true natives of the Grand Strand and Horry County and with over 25 years of experience in the local real estate market, whether buying or selling, we can help you make your dreams a reality.  

No One Knows The Grand Strand Better! Trust, Knowledge, Experience, Professionalism, You Can Count On!

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