Jeff Cook Real Estate BlogRecently posted or modified blog posts by tag - Need to knowhttps://www.jeffcookrealestate.com/blog/Copyright JeffCookRealEstate.com2024-03-27T13:22:54-07:00tag:jeffcookrealestate.com,2012-09-20:18982Top 10 First-Time Home Buyer Questions
<img src="https://assets.site-static.com/userfiles/1451/image/Top_10_First_Time_Home_Buyer_Questions.jpg" width="940" height="788" />
Buying your first home is exciting and challenging. Dozens of questions arise about everything from when to buy to your budget to home styles and locations. <a href="https://www.jeffcookrealestate.com/buyers/first-time-buyers/">First-time home buyers</a> partnering with Jeff Cook Real Estate LPT Realty in the Carolinas enjoy seasoned guidance and plenty of information to help them purchase the perfect first home.
Most Frequent First-Time Buyer Questions
Review the top ten most frequent questions our agents are asked by individuals and families buying a new home.
Why should I buy a home instead of renting? <a href="https://www.jeffcookrealestate.com/blog/renting-vs-buying-a-home/">Owning a home</a> can provide a sense of stability, security, and pride of ownership. In addition, it can be a good long-term investment and can help you build equity over time.
How much can I afford to spend on a home? It's important to determine your budget before you start house hunting. You can use <a href="https://www.jeffcookrealestate.com/buyers/mortgage-calculator-new/">online calculators</a> or speak to a JCRE agent to get an idea of how much you can afford to spend based on your income, debt, and credit score.
What is a pre-approval? A <a href="https://www.jeffcookrealestate.com/buyers/mortgage-pre-approval/">pre-approval</a> is a letter from a mortgage lender stating that you are approved for a certain amount of money to buy a home. It can help you narrow down your search and make you a more attractive buyer to sellers.
How much should I put down as a down payment? The amount you should put down will depend on <a href="https://www.jeffcookrealestate.com/buyers/affordability-calculator/">your financial situation</a> and the type of loan you are getting. Generally, a 20% or more down payment will help you avoid paying private mortgage insurance (PMI).
What is PMI? <a href="https://www.jeffcookrealestate.com/buyers/financial-terms-glossary/#P">Private mortgage insurance</a> (PMI) is a type of insurance that protects the lender in case you default on your loan. It is typically required if you put down less than 20% as a down payment.
What is the difference between a <a href="https://www.jeffcookrealestate.com/blog/here-are-the-types-of-mortgages-explained/">fixed-rate and an adjustable-rate mortgage</a>? A fixed-rate mortgage has a set interest rate that does not change over the life of the loan. An adjustable-rate mortgage (ARM) has an interest rate that can change periodically, usually after a certain number of years.
What is a home inspection? A <a href="https://www.jeffcookrealestate.com/blog/waiving-home-inspections-the-benefits-and-pitfalls/">home inspection</a> thoroughly examines a home's condition, including the roof, foundation, plumbing, electrical systems, and more. It can help you identify any issues or repairs needed before closing the home.
What is earnest money? <a href="https://www.jeffcookrealestate.com/buyers/financial-terms-glossary/#E">Earnest money</a> is a deposit you make when submitting a home offer. It shows the seller that you are serious about buying the home and can help you stand out as a buyer.
What is closing? <a href="https://www.jeffcookrealestate.com/buyers/what-are-closing-costs/">Closing</a> is the final step in the home-buying process, where you sign the necessary documents and pay any remaining fees and costs associated with the purchase.
What should I do if I have more questions about buying a home? If you have more questions about buying a home, it's important to speak with a real estate agent from Jeff Cook Real Estate LPT Realty who can provide you with personalized advice and guidance.
Why Buy with Jeff Cook Real Estate LPT Realty?
Don’t stress over buying your first home. Finding your dream home is simple when <a href="https://www.jeffcookrealestate.com/buyers/">working with Jeff Cook Real Estate LPT Realty</a>. We know shopping for the perfect home involves factors like community, schools, amenities, services, and more. Our SC Real Estate agents know the Carolinas and the best areas for purchasing first homes. We are committed to finding your dream home at the best price possible.
The home-buying process is always changing, so you need up-to-date information. Our agents know the market and how to read it to help you reach your goals and thoroughly understand when and how to buy. Contact us today to learn more.
<br /><br />2024-03-26T06:35:08-07:002024-03-27T13:22:54-07:00Patricia Utseytag:jeffcookrealestate.com,2012-09-20:17366Beat the Heat Wave <img src="https://assets.site-static.com/userfiles/1451/image/Beat_the_Heat_Wave.jpg" width="5184" height="3456" />
Summer is the perfect time to enjoy the outdoors and the <a href="https://www.jeffcookrealestate.com/blog/summer-activities-in-south-carolina/">many activities across South Carolina</a>, but it can also get scorching and humid. When temperatures rise, finding ways to beat the heat and stay cool is important. However, running your air conditioner all day can quickly drive up your energy bills. Luckily, there are several ways to conserve energy in your home and beat the heat wave at the same time.
Keep Your Curtains and Blinds Closed
One of the easiest ways to keep your home cool during a heat wave is by keeping your curtains and blinds closed. This will help block the sun's rays and prevent your home from heating up. The Department of Energy says the smart management of window coverings can <a href="https://www.consumerreports.org/home-garden/energy-efficiency/beat-the-heat-with-window-coverings-a9364047186/">reduce heat gain by up to 77 percent</a>. If you want to let some light in, consider using sheer curtains or blinds that allow natural light while blocking the heat.
Use Ceiling Fans
Ceiling fans are a great way to stay cool without using much energy. They circulate air in your home, making a room feel up to 10 degrees cooler. This allows you to <a href="https://www.energy.gov/energysaver/articles/stay-cool-less-money-ceiling-fan">set your thermostat a bit higher and remain comfortable</a>. Ensure your fan rotates counterclockwise during the summer months to create a breeze.
Avoid Using the Oven
Using the oven can <a href="https://www.familyhandyman.com/list/how-to-keep-your-home-cool-during-summer/#:~:text=When%20temperatures%20soar%2C%20step%20outside%20and%20grill%20your%20meals%20instead%20of%20using%20the%20oven%2C%20which%20can%20raise%20the%20temperature%20of%20your%20home%20considerably.">quickly heat up your home</a> and make it feel stuffy. Instead, try cooking on the stovetop or using the microwave. You can also use a slow cooker or grill outside to keep your home cool while still enjoying a home-cooked meal.
Invest in a Programmable Thermostat
A <a href="https://www.familyhandyman.com/project/install-a-programmable-thermostat-for-energy-savings/">programmable thermostat</a> allows you to set different temperatures for different times of the day. Setting your thermostat to a higher temperature when you're not home or asleep can save energy and reduce your energy bills.
Install Weatherstripping
Weatherstripping around doors and windows can help to <a href="https://blog.realmanage.com/en-us/why-weatherstripping-is-even-more-critical-in-summer#:~:text=Weatherstripping%20can%20also%20get%20rid,permitting%20better%20cooling%20or%20heating.">prevent air leaks and keep your home cool</a>. This can help reduce your air conditioner's workload and lower your energy bills.
Plant Trees and Shrubs
<a href="https://www.familyhandyman.com/list/fast-growing-shade-trees/">Planting trees and shrubs</a> around your home can help to shade your home and reduce the amount of heat that enters your home. This can help keep your home cool and reduce energy bills during the summer months.
Staying cool during a heat wave doesn't have to be expensive or difficult. By following these simple tips, you can conserve energy in your home and beat the heat wave at the same time.
If you’re in the market for a <a href="https://www.jeffcookrealestate.com/buyers/">new or different home in North or South Carolina</a>, Jeff Cook Real Estate can help! Contact us today to see what is available.
2023-07-19T11:04:53-07:002023-07-27T08:38:02-07:00Patricia Utseytag:jeffcookrealestate.com,2012-09-20:17365Benefits of Participating in an Apprenticeship Program
<img src="https://assets.site-static.com/userfiles/1451/image/Benefits_of_Participating_in_an_Apprenticeship_Program.jpg" width="4104" height="2736" />
Apprenticeship programs have long been a great way to “test drive” a new career and get a jump start on what you need to learn and know to become successful. Apprenticeships have helped build America from its early beginnings to the present day. Among the <a href="https://www.apprenticeship.gov/about-us/our-history">early apprentices who went on to national distinction</a> were George Washington (surveyor), Benjamin Franklin (printer), and Paul Revere (Silversmith).
<a href="https://www.jeffcookrealestate.com/blog/why-now-is-still-a-good-time-to-be-in-real-estate/">Are you considering a career in real estate?</a> An apprenticeship is an opportunity to investigate the ins and outs of becoming a successful real estate agent and building an exciting career. Why should you consider a real estate apprenticeship?
Hands-On Experience
The most obvious and perhaps even the most beneficial benefit of an apprenticeship in real estate is the valuable practical experience you will gain by working alongside an experienced real estate professional. Nothing surpasses real-world exposure to real estate transactions, building relationships, common obstacles, and pathways to solutions that you can learn. A real estate apprenticeship allows you to learn the ins and outs of the industry firsthand.
Get Paid to Learn
The real estate industry offers limitless income potential as a commission-based career. You can begin earning while learning as an apprentice, as your efforts directly impact your earnings. Plus, shadowing and learning from a seasoned professional real estate agent can show you valuable tips for closing more sales and earning an even more lucrative income.
Open Career Doors
A real estate apprenticeship can be your pathway to a permanent career with a top-rated real estate brokerage and a launching pad to open your own real estate office eventually. Apprenticeships nurture talent and provide numerous growth opportunities. Exceptional performance during your apprenticeship can open doors to permanent positions with top organizations.
Educational Opportunities
Many real estate apprenticeship programs offer opportunities for continuing education and financial assistance. Some even provide reimbursement for the costs of real estate school and state licensing.
The Jeff Cook Real Estate Apprenticeship Program
Jeff Cook Real Estate offers an <a href="https://www.jeffcookrealestate.com/careers/apprenticeship-program/">Apprenticeship Program</a> for people interested in real estate who still need to take the leap to get started. The program allows candidates to "test-drive" the career by shadowing and learning from one of our top team leaders. No prior experience is required to get accepted.
Recent college graduates
Military professionals transitioning to civilian life
Reentering the workforce
Looking to change careers
Kick-start your real estate career with an invaluable mentorship with a seasoned and successful agent from the <a href="https://www.jeffcookrealestate.com/blog/culture-at-jeff-cook-real-estate/">top-rated real estate firm in South Carolina</a> — Jeff Cook Real Estate.
What does the JCRE Apprenticeship Program offer you?
Limitless income potential
Real-world experience
A pathway to permanent positions
A supportive and inclusive environment
Potential real estate school and license reimbursement
Visit the JCRE Apprenticeship Program page on our website and <a href="https://www.jeffcookrealestate.com/careers/apprenticeship-program/">apply today</a>!
<br /><br />
2023-07-06T10:53:00-07:002023-08-24T12:10:03-07:00Patricia Utseytag:jeffcookrealestate.com,2012-09-20:14202Interest Rates and Buying a HomeIf you’re looking into buying a home, and even if you wish to sell your home, you will need to pay attention to interest rates. These rates can mean paying more or paying less over time for a home. They are a necessary evil when obtaining funds from a lender, but they are not something to fear.
Learn more about <a href="https://www.credit.com/personal-finance/how-interest-rates-work/">interest rates</a> and buying a home and how you should view interest rates in the home buying process.
What Should I Know About Interest Rates?
The United States Federal Reserve is sort of a central bank that distributes currency and monitors monetary policy for the country. One of their jobs is to regulate the economy and prevent serious problems. Part of doing that is raising and lowering interest rates.
Interest rates are what the government charges banks to borrow money. In turn, banks forward these charges to consumers. When you borrow money, say, to purchase a home, you are required to pay a certain amount above the actual purchase price, as the price of borrowing money. This covers the bank’s risk in loaning you money.
<a href="https://www.jeffcookrealestate.com/blog/whats-the-deal-with-interest-rates/">How do interest rates affect buying a home?</a> Higher interest rates cost home buyers more money over the life of a loan. A mortgage loan with as much as a half percent higher interest rate can add to your monthly payment and your overall cost, because you are paying more to the bank to borrow the money.
Eliminate Fear and Buy a Home
Now, for the uninitiated, some interest rates can scare them away from making a home purchase. Of course, everyone wants to purchase a home at the most favorable interest rate possible in order to save the most money. But waiting out the economy, or what the fickle Fed may do, can be a shell game that only breeds frustration.
There are things you can do as a potential buyer to <a href="https://www.chase.com/personal/mortgage/education/financing-a-home/ways-to-reduce-mortgage-rates">help get the lowest possible rates</a>. These include:
Improve your credit score
Reduce your debt
Have a large down payment
Increase your income
Apply for a shorter term loan
Shop lenders for the best rate
Overall, the best advice for interest rates and buying a home is this: marry the house and date the rate. In other words, make a permanent commitment to the home of your dreams, realizing that interest rates will come and go.
Finding the perfect home for your family’s needs can be a tough chore — and when you finally find it, you don’t want to be stymied worrying about interest rates. When you find the perfect home, ACT! Buy the home at the best interest rate available and settle in to enjoy it. Eliminate the fear of interest rates and live your life in your new home to the fullest.
Because interest rates always shift, be sure to lock in your interest rate at the current rate, and keep an eye on how they fluctuate. If the rates drop an appreciable amount, <a href="https://www.jeffcookrealestate.com/buyers/refinancing/">refinance to the lower rate</a>. If they rise, at least you already have a lower rate locked in.
Get Help from a Local Real Estate Expert
Knowing when and how to buy a home can be troublesome, but it can be much easier with help from a local real estate expert. Jeff Cook Real Estate is the top rated real estate agency in South Carolina because our agents treat you like family. We’re not satisfied until you’re satisfied. <a href="https://www.jeffcookrealestate.com/contact/">Contact us today</a> and connect with an experienced local real estate expert in South Carolina who can make buying a home a breeze! 2022-08-17T09:55:00-07:002022-11-14T12:26:58-07:00Jeff Cooktag:jeffcookrealestate.com,2012-09-20:13864What is a CL-100? One of the primary attractions for <a href="https://www.jeffcookrealestate.com/communities/">low country living in South Carolina</a> is our salubrious climate. Plenty of sunshine and breezes, plus our proximity to the beautiful Atlantic Ocean, create the perfect environment for <a href="https://www.jeffcookrealestate.com/blog/summer-activities-in-south-carolina/">enjoyment and relaxation</a>. Unfortunately, that climate can contribute to a significant problem with property — termites.
When buying or selling real estate in South Carolina that involves a lender, a CL-100 is a vital item on your check-off list. Technically known as the <a href="https://www.clemson.edu/public/regulatory/pesticide-regulation/forms/wood-infestation-report.pdf">South Carolina Wood Infestation Report</a> (WIR), the CL-100 is a mandatory report from a certified termite inspector that the home you wish to buy or sell is free from termites and other pests that love wood.
The Basics of a CL-100
The CL-100 report basically details any visible infestation and damage caused to a home by termites, wood-destroying beetles, carpenter ants, carpenter bees, and wood-decaying fungi in accessible areas of a home. Since the South Carolina low country is hot and humid, and most structures are built from white pine (a termite delicacy), this report is required when borrowing money to buy property.
You want a “CL-100 clear” report, (meaning ‘clear letter’) that verifies your home is free from the above pests and any detectable damage that would necessitate repairs. Any licensed pest control contractor in South Carolina can provide this inspection and report.
What is Involved in a CL-100 Inspection?
A licensed pest control professional will visually inspect your property (or the property you wish to purchase). He or she will look throughout and underneath the property for signs of:
Active infestation of termites or other wood-destroying insects
Previous infestation of termites or other wood-destroying insects
Previous termite treatment
Active wood-destroying fungi below the main floor (indicating a wood moisture content of 28% or above).
Visibly damaged wooden members below the main first floor of the home including columns, sills, door jambs, exterior stairs, and porches.
If the damage is enough to warrant further investigation, the inspector can recommend a deeper inspection by a structural engineer licensed and registered with the <a href="https://llr.sc.gov/">SC Department of Labor, Licensing, and Regulations</a>.
Any repairs or pest remediation must be performed before a reinspection can issue a clear CL-100 report.
Protect Your South Carolina Home
Prevention is always better than a cure, so combat termites by never letting them or other pests get a foothold. Jeff Cook Real Estate recommends getting a termite bond with a reputable company. Be sure to review the contract with any company and know how often termite treatments will be made, as well as the levels of liability coverage for any damage that could occur.
You should also follow these recommendations to keep your home clear of pests:
Remove debris near your home and in crawl spaces.
Avoid piling wood near your home.
Avoid using wood mulch in landscaping near your home.
Provide adequate ventilation in crawl spaces and between plants and exterior walls.
Install proper drainage solutions around your home.
Eliminate wood-to-ground contacts.
Remove dense vegetation growing close to the foundation or siding.
For more help with buying or selling a home in South Carolina, including more information about CL-100 inspections and other aspects of closing, <a href="https://www.jeffcookrealestate.com/">contact Jeff Cook Real Estate</a>.
<br /><br /><br />2022-07-07T15:34:00-07:002022-06-21T04:12:42-07:00Lee Willeytag:jeffcookrealestate.com,2012-09-20:13597Renting vs. Buying a HomeChoosing whether to rent or become a homeowner is a huge decision that involves many moving parts. <a href="https://www.jeffcookrealestate.com/buyers/">Buying a home</a> has traditionally been part of the American Dream, nevertheless, you should investigate the pros and cons of renting vs. buying a home every few years, or especially as your life situation changes.
Renting or buying a home largely depends on three major considerations:
Your financial situation
Your lifestyle
Your personal goals
Obviously, some factors for either choice remain the same. Renting and becoming a homeowner provides you a place to call home and they both require a steady income to make rent or mortgage payments.
Let’s take a look at <a href="https://realestate.usnews.com/real-estate/articles/renting-vs-buying-a-home-which-is-smarter">renting vs. buying a home</a> to help you consider both options.
Renting a Home
Renting a home allows you to occupy a living space that is owned by another party. In exchange for your rent, you live there, house your belongings there, receive your mail there, entertain friends there, and otherwise act as if it’s yours. But it isn’t your property, and that can come with some caveats.
Depending on your landlord or property owner or manager, there may be strict regulations that govern how you live. For example, some rental properties don’t allow pets, smoking indoors, gas grills, loud parties or more than a certain number of guests or vehicles at a time. They may also reserve the right to inspect your home at any time, and may schedule maintenance tasks at inconvenient times.
However, renting does have its advantages. You are not locked into living there forever, or even for a long time. Once your initial lease is over, you can choose to renew it or move elsewhere. Your landlord handles all maintenance costs to the property, including any appliances provided, yardwork, pest control and more. Your housing expenses remain relatively stable, unless your rent is raised when you renew your lease. Over time, you can even move about and experience different locations or living conditions, to see what suits you for the long term.
Basically, you remain in a more flexible situation when renting. But you should realize that goes both ways. Just as you can decide to move on, your landlord can decide to sell the property out from under you, or just stop renting it, or raise the rent. You may save some money; but renting in some areas costs more than mortgage payment for a comparable home.
Buying a Home
Buying a home brings a sense of stability, as it is a more permanent arrangement. You can still move, but arranging to do so requires either selling the home and buying another, or renting your home and finding some other housing solution for yourself. Being a homeowner gives you complete freedom over your living space. You can <a href="https://www.jeffcookrealestate.com/living-room-planning-tips/">customize it</a>, smoke, house pets indoors, or throw lavish parties.
Owning a home comes with certain tax benefits, and some green energy solutions allow you to claim even more. Most home values increase over time, so your home is not just a place to live — it's an investment into the future. Building that equity means you are <a href="https://www.jeffcookrealestate.com/blog/market-update/">building wealth</a>.
Of course, this can be offset by maintenance costs, repair costs, closing costs and other taxes on the property. All these can vary greatly depending on location and other factors. Researching these possible costs is part of your ‘<a href="https://www.jeffcookrealestate.com/blog/buying-a-home-what-is-due-diligence-when-buying-a-home/">due diligence</a>’ before buying a home anywhere. Home values can also decrease in some areas, due to factors beyond your control.
Should You Become a Homeowner?
When considering the question of whether or not you should become a homeowner, consider the above pros and cons, and then return to the three major considerations we mentioned previously:
Your financial situation
Your lifestyle
Your personal goals
Are you financially able to purchase a home? You may be surprised to learn that buying a home can be more affordable than renting long-term. And, if you’re looking for an investment, home ownership is historically one of the soundest investments most people make in their lifetimes.
Does your lifestyle support becoming a homeowner? A fluid life that moves about often may dictate renting is the best option; however, if you plan to remain in the same locale for at least 5-7 years, there could be some home ownership options that are more affordable and more attractive.
What are your personal goals and how does that impact how you live? Growing wealth and building a stable base for family and career strongly suggests buying a home. A lifetime of travel and risk-taking may point to renting. But remember, everyone gets older and needs a base, a place to settle down and thrive. Buying a home can provide that stable place you need at this point in your life.
Why not call today and start a conversation with a local housing expert from Jeff Cook Real Estate? Our professionals know how to help people and families weigh the options and make the best decisions for their housing needs in South Carolina. <a href="https://www.jeffcookrealestate.com/">Call or send us a message online</a> today to schedule a conversation about your housing future.
2022-05-26T15:23:00-07:002022-09-27T06:16:11-07:00Lee Willeytag:jeffcookrealestate.com,2012-09-20:13418Why Do A Final Walkthrough? The final walkthrough before <a href="https://www.jeffcookrealestate.com/buyers/step-by-step-buying-guide/">buying a home</a> is more than a ceremonial observance. It is a vital step in the home buying process. Usually attended by the home buyer and their real estate agent, it is a room-by-room final inspection of the home. A first-time home buyer will surely want their agent present to help them look for anything amiss.
The final walkthrough determines that the home is in the same or better condition as when first viewed and that the seller has taken nothing from the home that should remain. The buyer should also make sure that any repairs due from the seller have been completed to their satisfaction.
It’s important to verify these issues before <a href="https://www.jeffcookrealestate.com/buyers/what-are-closing-costs/">closing</a>. After papers are signed, the house now belongs to you in its present condition. Finding out about problems later means it’s your responsibility to handle them. So, make sure you are thorough in your final walkthrough.
Your Final Walkthrough Checklist Before Buying a Home
The final walkthrough should not be rushed or based on memory alone. If you took pictures at an earlier viewing of the home, bring them with you and compare them to what you see now. It would also be wise to bring this checklist, or one you create yourself, to use as a guide. There may be many things you want to remember, so making a list will help you with your inspection.
Examine Any Promised Repairs
Keep a list of any repairs the seller promised to make and examine those repairs to see they were completed properly. You should also bring a copy of the home inspection report and check to be sure any repairs or items noted in the report have been handled. Test any newly installed appliances or components.
It’s also a good idea to ask the seller for any repair receipts or warranties for the repairs they made to the home. The warranty covers the repairs and this goes with the home. If something happens soon after closing, it should be covered by the warranty. This can save you time and money.
Review Space for Leftover Belongings
The final walkthrough is much easier in an empty house, so you want all the seller’s belongings to be removed. Note anything left behind and contact the seller about removing it. Also, check that any items the seller agreed to leave behind are still present and in good working condition. Contact the seller if there are discrepancies about any agreement.
Check Appliances and Fixtures
Run every appliance to ensure they are in good working condition. Run water through every faucet and flush every toilet. Look for leaks, drips, or signs of water damage underneath cabinets and sinks. Common things new home buyers may neglect to check include:
Opening and closing the garage door with any automatic controllers
Running every setting on the HVAC for a few minutes
Arming and disarming the security system
Running the garbage disposal
Testing the oven
Testing for smells from the oven or when running water
Checking water pressure in the shower
Testing the tub drain
Look underneath all sinks, cabinets, dishwasher refrigerator, and the toilet bases for signs of mold or moisture damage.
Review Security Measures
Open and close every window and door, ensuring they work smoothly. Test every lock. If the home has a security system, arm and disarm it. Open windows and doors while it is armed to check the alarm and each opening’s alarm sensor. Look for holes or tears in window screens and damaged weatherstripping.
Test Electrical Components
Bring your cell phone charger and plug it into every outlet to make sure they work. Make sure all outlet and switch covers appear secure and unbroken. Operate all light fixtures, doorbells, automatic garage openers and other automated features. Make sure you have the codes for any smart systems, security systems, and other programmable devices.
Inspect Outdoor Area & Structures
Your final walkthrough should also pay attention to the outdoor elements of your new property. Check to see that landscaping is still present and well-maintained. Inspect any fences and test the operation of any gates and locks. Be sure to closely inspect swimming pools and equipment, outbuildings, and other structures that are part of the property. Test the irrigation system, if one is present.
Be sure no items are left in storage sheds or outbuildings, particularly dangerous chemicals. This can include pool chemicals (unless the seller agreed to leave you any usable materials), paint, used oil, or old cleaning substances. These should be removed before closing.
Look for Evidence of Pests
Pests of various kinds can move in quickly after the seller moves out, so look for evidence of mice, squirrels, birds, and any bite marks on wood. Signs of termites may now appear after everything has been removed from the home. Check chimneys for birds or squirrels, particularly if the chimney has been unused for some time.
Handling Issues Found During the Walkthrough
Buying a home is a huge undertaking, so you want everything to be as agreed with the seller. Depending on the type of contract you have agreed to, there will be an opportunity for you to request repairs from the seller so that you can move into the home in the condition you would like for it to be in when you buy it. Your agent will walk you through the process and explain the ins and outs of how the contract works, and how to request repairs from the seller. Once agreed, the sellers will be obligated by the contract to follow through on their legal agreement to remedy your concern.
There may be instances where some items cannot be completed prior to closing. There are several options you can utilize to work out an agreement that works for all parties and still close on your new home! Some of these options include:
Delaying closing to allow time for repairs to be completed
Holding funds from the seller in an escrow account to cover repairs after closing
The seller pre-paying the vendor in advance for repairs to be completed when they can be scheduled
The final walk-through is a crucial aspect of the home buying process and allows for you to ensure that all agreed-upon repairs were completed prior to closing on your new home. Take your time during this final walk-through and ensure that everything is complete or that there is a plan in place for any items that were unable to be completed and your agent will help you remedy anything that is outstanding!
Jeff Cook Real Estate is the top Realtor® in the Carolinas and his team can make the home buying process simple and enjoyable. Are you a first time home buyer? <a href="https://www.jeffcookrealestate.com/">Contact Jeff Cook Real Estate</a> today for seasoned assistance through every step of purchasing your new home.
2022-04-19T15:11:00-07:002022-04-19T09:19:35-07:00Lee Willeytag:jeffcookrealestate.com,2012-09-20:13153Should You Break Up with Your House?Breakups can be tough — especially with your home. Similar to breaking up in a romantic relationship, emotions can cloud sound judgment. However, just like in human relationships, there can be some clear signs that it’s time to part with your home and seek a better housing solution. Choosing when is often a huge decision. <a href="https://www.jeffcookrealestate.com/sellers/">What is the best time to sell my home?</a> What are the factors that indicate it’s time to sell? Where can I find some selling tips to provide guidance?
Jeff Cook Real Estate is your seasoned real estate firm that helps clients <a href="https://www.jeffcookrealestate.com/communities/">throughout the Carolinas</a> buy and sell homes. When it’s time for the dreaded breakup, we can make the process as painless as possible. In fact, searching for a new home with Jeff Cook can be absolutely exciting!
What is the Best Time to Sell My Home?
Only you can decide when it’s time to sell your home. Various factors can come into play as you consider this decision, including family changes, health changes, career changes, retirement, and more. At Jeff Cook Real Estate, we are often asked, “What is the best time to sell my home?” Here are the most common factors that move individuals and families to sell their home and purchase another one.
When You Need More Space
Families can grow and their needs can grow, too. Even a standard family of four with two parents and two children can find a home growing small as the members grow in size and develop new habits. That toddler that stayed close to mom’s feet can become an energetic teenage boy with a huge gaming setup. The small girl that sat for hours playing with dolls on her bed now needs a virtual studio for her musical talents.
Adding to the family or growing needs are not the only reasons to need more space. Sometimes health needs dictate a need for more space, or a need for special spaces. A loved one can become disabled and need room for wheelchair access or more room for a specific type of bed. “What is the best time to sell my home?” When you need more space.
When You Need Less Space
Of course, just the opposite can be true. As your family grows and most or all the chicks fly the coop to build their own nests, you can find yourself with too much space. Growing older can make it more difficult to care for all that extra room. The passing of a spouse can make it even more difficult to fill a space that once cared for a busy family.
Retirement can bring about a change in your focus or lifestyle. You and your spouse may wish to travel and not spend as much time at home. A smaller house just makes better sense, with less to care for and worry about. Plus, the equity you’ve built up in your existing home could possibly cover the cost of a smaller space while partly funding your retirement ambitions.
When You Need a Change
Sometimes looking at those same walls for decades can just become too much to bear. You need a change. Perhaps a more modern, open layout would suit your new tastes better. Maybe growing older means you need to be closer to medical facilities, <a href="https://www.jeffcookrealestate.com/blog/moving-to-charleston-top-gyms-to-start-the-new-year/">workout facilities</a>, or relatives. Or maybe you want to be able to walk downtown and catch the <a href="https://www.jeffcookrealestate.com/blog/top-5-food-trucks-in-columbia-sc/">different food trucks</a> that set up shop daily!
“What is the best time to sell my home?” When the itch or drive compels you to move and start afresh and you need a change.
When Interest Rates are Favorable
Low interest rates can greatly influence your decision of what is the best time to sell your home. In fact, many realtors include selling when rates are low in their top selling tips. While rates always fluctuate to some degree, the past few years have seen a pattern of low interest rates that favor both selling and buying.
<a href="https://realestate.usnews.com/real-estate/articles/why-you-should-sell-your-home">Reliable real estate predictions</a> indicate that 2022 will see a slight rise in interest rates, but they will still remain fairly low. High demand and high home prices are also predicted to remain. In this type of market, here are some evergreen selling tips to remember:
Low interest rates drive up buyer demand. This means you can expect to sell your home much faster.
Low interest rates help keep home prices high, and this benefits sellers. You can expect to receive more for your home, as borrowers will spend more for the home they desire, taking advantage of lower interest rates.
Lower interest rates give you, the seller, more negotiating power. More demand means you can ask a favorable price and even receive more, if potential buyers fight over your home.
If you are considering selling your home in North Carolina or South Carolina, <a href="https://www.jeffcookrealestate.com/contact/">contact us</a> for more selling tips and advice at Jeff Cook Real Estate.
<br /><br />2022-03-20T08:22:00-07:002022-08-26T07:22:36-07:00Patricia Utseytag:jeffcookrealestate.com,2012-09-20:13152What is the MLS? MLS is an acronym for <a href="https://www.investopedia.com/terms/m/multiple-listing-service-mls.asp">Multiple Listing Service</a>, also used in the plural form, Multiple Listing Services. This is perhaps one of the most important tools when working with a Realtor® for <a href="https://www.jeffcookrealestate.com/sellers/">selling a home</a> or <a href="https://www.jeffcookrealestate.com/buyers/">seeking a home to buy</a>. The first MLS was created in the 1800s and for many decades, Realtors circulated printed catalogs of available real estate listings. Now the MLS is largely online, facilitating a much simpler understanding of the market, as well as easier and faster searches and sales.
Understanding the Market in a Modern Real Estate World
Our modern digital world has vastly improved a widespread sense of understanding the market. <a href="https://www.realtor.com/advice/buy/what-is-the-mls-multiple-listing-service/">Approximately 580 regional MLS databases</a> are accessible instantly to cooperating real estate brokers, allowing them to obtain data about available properties and make real-time updates. Brokers that both list properties for sale and who are seeking available properties for clients to purchase can easily share information and financial arrangements.
These digital MLS databases contain all the available houses for sale by the affiliated brokers, including but not limited to:
Pricing information
Contact information
Photos
<a href="https://www.jeffcookrealestate.com/blog/home-spring-refresh-top-storage-organization-tips/">Square footage</a>
Layout diagrams
Property history
Seller disclosures
<a href="https://www.jeffcookrealestate.com/blog/buying-a-home-what-is-an-hoa/">HOA regulations</a>
Property details
Current property tax rate
Easements
Brokers that subscribe to their local MLS service can also subscribe to gain access to MLS databases in other regions. This allows them to help clients that wish to move into different regions. The data provided contributes to the realtor’s understanding of the market, allowing them to offer better advice to their clients.
MLS listings do more than show who is selling a home and where. They provide valuable pricing information, trends in homes that sell quickly and do not sell easily, and more. Plus, this information is quickly available with just a few clicks, instead of flipping through dozens of pages in a catalog, or searching many different websites for online listings.
Can the MLS Help Me with Selling a Home?
The MLS service is a vital tool in your realtor’s toolbox to help you when selling a home. <a href="https://www.nar.realtor/nar-doj-settlement/multiple-listing-service-mls-what-is-it">MLS effectively levels the playing field</a>, regardless of where you live or the local real estate market. Small brokerages have equal access for listing homes for sale just like multi-state firms. Everyone has equal access to the largest listing of properties for sale in the marketplace.
This places your home before hundreds or even thousands of realtors that represent many thousands of clients who are seeking a new home. Real estate professionals in other areas gain a better understanding of the market where your home is located, which helps them provide the best counsel to their clients about making a purchase. Selling a home has never been easier, especially with MLS databases being available online.
Jeff Cook Real Estate <a href="https://www.jeffcookrealestate.com/communities/">handles MLS listings in the real estate markets</a> of Charleston, Columbia, Greenville, Rock Hill, and Myrtle Beach, South Carolina, and Charlotte, North Carolina, along with dozens of surrounding communities. Selling a home does not have to be the headache many believe it to be — Jeff Cook sees to that! His integrity and intensity result in most listings only spending 27 days on the market before selling. AND, Jeff’s clients receive 99.7% of their original asking price.
Call us today at 855-HEY-JEFF or <a href="https://www.jeffcookrealestate.com/contact/">contact us online</a> and ask about help with selling a home in the Carolinas. If you are seeking to buy a home in our area, no one has a better understanding of the market than Jeff. Call today and let us help you buy the perfect home! 2022-03-15T15:45:00-07:002022-08-26T10:04:03-07:00Patricia Utseytag:jeffcookrealestate.com,2012-09-20:11398Imagine If You Never Had to Worry About Management Problems or Chasing Rent?<img src="https://assets.site-static.com/userfiles/1451/image/CasualBusinessPeople_jco.jpg" width="2950" height="1969" alt="Business People" />
Are you worn down from managing tenants or the maintenance of properties?
Is cash flow difficult, or does your property have little to no equity?
Have you undergone a catastrophe?
Do you own too many units or have properties that fall outside your realm of expertise?
Did you inherit a property?
If You Answered Yes to Any of These...
The solutions provided through Jeff Cook Offers (JCO) may be right for you! We offer numerous programs that accommodate a wide range of situations, but the Take Over Payments program is the most relevant for these circumstances.
Take Over Payments
This program allows us to purchase your property “as is”. We will work to renovate and resell the property. A helpful way to think about this program is to compare it to taking over a car payment. This same principle applies to properties! The <a href="https://www.jeffcookrealestate.com/jeff-cook-offers/take-over-payments/">Take Over Payments</a> program provides you with the peace of mind you have been looking for.
The Take Over Payments program benefits you with a quick, hassle-free transaction and a fair price. You will have the potential to save or improve your credit, you are able to move on your timeline, and there are no commissions to be paid by the seller. Other benefits include that there would be no buyers tracking through your house and that JCO pays most of the closing costs.
This Program Empowers You!
You can eliminate property management frustrations and save time from constantly chasing down rent. You can move forward with your life and gain freedom from mortgage stress and financial pressure.
If your property situation has created a unique need, <a href="https://www.jeffcookrealestate.com/blog/list-your-home-traditionally-or-sell-the-jco-way/">JCO has options</a> for you. This program is only one of many creative solutions provided by this innovative team.
Are You Ready?
No matter what situation you're facing as a home-owner, with JCO, you're less than a week away from your solution. Call 843-501-0519 now for a consultation!
Coming soon to our blog: Get an offer from a home buying specialist who can quote you a purchase price, then choose your closing date!2021-08-31T10:00:00-07:002021-09-30T08:13:09-07:00Lee Willeytag:jeffcookrealestate.com,2012-09-20:11104FAQ: What is a Seller's Market?<img src="https://assets.site-static.com/userfiles/1451/image/Distinguished_House.png" width="2614" height="1744" alt="Blue House" />
A seller's market is a kind of market where the demand for a particular product exceeds the supply. A seller's market has certain specific characteristics where there is a shortage of products on sale. Therefore, the seller can determine the price of the product. In the real estate field, the demand for houses is more than the supply. This is expected when buying a home if the location does not have the number of homes available for sale to match the demand.
In such situations, the prices are usually competitive since buyers outshine each other on the price, and the highest price acquires the property. In a seller's market, the buyers determine the property's worth since they have bargaining power.
Seller's market
In a seller's market, the seller controls the market because the demand is more than the supply of property. The seller is usually at an advantage since they sell the property with the best deals because multiple buyers want to acquire the property. In this market, buyers have to make a faster decision to buy property.
Key factors that affect the seller's market.
The seller's market in real estate is usually affected by two main factors:
The season you want to buy the property and the level of investment growth in the specific location. There is a <a href="https://www.counton2.com/news/latest-news/south-carolina-real-estate-is-booming-during-the-summer-months/">peak season</a> for selling and buying property, and you should take advantage of that. For example, during winter, the demand is higher than the supply since many people tend to dispose of their houses during summer. Places with better opportunities and a high rate of employment have higher demand.
Signs of seller's market
The prices of homes are usually higher
When the demand for houses is higher, the possibilities of bidding wars will be higher. The bidding war is usually between the many buyers who want to acquire the property. It gives seller's higher bargaining power over the buyers.
Quick sale
Due to the high demand for houses in a seller's market, there will be limited properties in specific areas. A home sale is usually faster than in the buyers' market. The homes are generally unique and attract more buyers.
Limited homes for sale
The demand is usually higher than the supply of homes when it is <a href="https://www.jeffcookrealestate.com/blog/scrambling-to-sell/">time to sell</a>. The sale of houses is more, thus leaving a few homes for sale. To understand a seller's market, compare the number of places available for purchase and the number of houses previously sold.
Bidding
In the seller's market, buyers compete with each other during the buying process since there is a limited supply of property. The highest bidder outbids the other buyers making the price of the property go up.
Differences between the seller's market and buyer's market
The <a href="https://www.jeffcookrealestate.com/blog/faq-what-is-a-buyers-market/">buyer's market</a> is the opposite of the seller's market. In the buyer's market, the supply of houses in real estate is usually higher. The buyer has various properties to choose from, and the sellers have to convince the buyers to buy the property, unlike in the seller's market. In the buyer's market, buyers have negotiating power.
What kind of market are you in? No matter the market, Jeff Cook Real Estate has a team of experts who are ready to take on the market with you and help you win!2021-08-02T08:00:00-07:002021-11-01T06:08:50-07:00Lee Willeytag:jeffcookrealestate.com,2012-09-20:10979FAQ: What Is a Buyer's Market?<img src="https://assets.site-static.com/userfiles/1451/image/House_and_Key.png" width="2828" height="1888" alt="House and Key" />
If you are a first-time homebuyer it is important to understand when it is the most advantageous time to purchase a home. In real estate, there is a buyer’s market and a seller's market. A buyer’s market means that homes are in abundance for sale with a limited number of buyers looking for homes.
Defining a Buyer’s Market
In a buyer’s market, the buyer has the power. Sellers are at a loss because they either need to negotiate and accommodate buyers or wait for the right buyer to come along. Sellers have a lot of competition to attract the right buyer, therefore it may be easier for them to offer incentives and <a href="https://www.jeffcookrealestate.com/blog/should-i-haggle-on-a-house-price-the-dos-and-donts-of-negotiating/">negotiate</a> with the homebuyer.
Signs of a Buyer's Market vs a Seller's Market
The key signs that indicate the type of <a href="https://www.jeffcookrealestate.com/blog/key-indicators-of-a-healthy-housing-market/">market</a> it is, are the length of time a home is on the market and the cost of the homes on the market.
In a buyer’s market, you will find that homes are listed for longer periods. While the homes are listed you may notice price drops in the cost of the homes. Sellers are more accommodating because there are more homes for sale than there are buyers.
On the other hand, in a seller’s market, there is a greater demand for homes than there are homes for sale. Homes might be listed one day and gone the next and the prices of the homes will continuously increase.
What This Means for Homebuyers
If you are a homebuyer in a buyer’s market, you have a greater chance of finding what you want in a home at the price that you want. Sellers understand that buyers can easily walk away unless they are willing to negotiate and/or offer incentives.
As a homebuyer, you want to be patient and take your time looking for a home. Make sure that you know what is on the market and compare properties. Look at how long a home is on the market. The longer a home is listed, the more power you will have with negotiating with the seller.
Several points can be negotiated when buying a home. This includes the cost of the home, contingencies, repairs, and seller concessions(closing costs). You have the power to ask for things to reduce the amount of cash that you need to come up with at closing or to reduce the price of the home.
You as the homebuyer are in control of the process. You have the power to ask for things such as extending deadlines for closing or <a href="https://whnt.com/taking-action/bbb-consumer-alerts/what-to-consider-when-hiring-a-home-inspector/">inspecting the home</a>. You can also negotiate the date that you take possession of the home. Sellers that are committed to the sale of their home are more likely to agree to these terms.
Bottom Line
This guide was intended to give you a better understanding of how the real estate market affects the process of buying a home when the buyer is in control. The bottom line is that the ball is in your court and you can get more value for your purchase.
2021-06-21T08:00:00-07:002021-11-10T06:04:45-07:00Lee Willeytag:jeffcookrealestate.com,2012-09-20:10659What to Keep for Taxes after Buying a Home<img src="https://assets.site-static.com/userfiles/1451/image/Homeowner_Taxes.png" width="2674" height="1783" alt="Taxes for Homebuyers" />
Buying your very first house is an incredibly large step, plausibly an overwhelming decision to make as a part of one's life. It is, however, a good investment and could signify the results of your fruitfulness and years of hard work. Financially speaking, being a real estate owner entails a more complicated taxation process than when you do not own a property. This does not mean it is all complex and stressful. Having your own home could also give you tax advantages, making you save more money than you anticipated. Here is everything you need to know about what is recommended when doing your taxes after purchasing a home, including the benefits of being a homeowner when it comes to taxes.
Tax Breaks
Homeownership offers numerous perks and introduces a new world of tax breaks. Before owning a house, the standard deduction is what you most likely have been claiming, but upon possessing a home you can opt to itemize deductions on your tax returns. Once you begin the process of itemizing, the things you usually pay can now earn you tax-saving deductions. Enumerated below are some of the tax breaks that will come to your attention after entering the world of real estate.
Interest on your mortgage
The <a href="https://www.jeffcookrealestate.com/blog/mortgage-payment-structure-explained/">mortgage</a> interest deduction is one of the largest tax breaks for most homeowners. You can withhold your investment's mortgage interest, with a few situational exemptions, like a yearly cap, for instance. The odds of this happening are low, nevertheless. A tax year usually ends in January, and afterward, you will have to expect your lender to point out the IRS form particularizing your annual interest paid. You have to ensure that you will also include further interest you funded since this is essential to your closing balance. These should be written on your settlement sheet for the house purchase. Lenders will also send the first months' interest of your loan. You may seek assistance from the person or institute who lent you the money to specify this to you. However, you have to add this to the sum of your interest when you do your taxes in case it is not included in your 1098.
Taxes on the properties
The cash you fund in local charges can be put under deductibles. If you have your taxes sorted out through a moneylender <a href="https://gofirstnations.com/what-is-an-escrow-account/">escrow</a> account, you will discover the sum on the form you submitted. Personal records through checks and transfers, among others, are what you will be having if you go directly to the tax authorities in your area. Furthermore, plausibly discoverable on the settlement sheet are the off chances that you repaid the vendor for any land charges they paid ahead of time while you claimed the home. Note that you also have to incorporate those installments.
Points to pay
Upon <a href="https://www.jeffcookrealestate.com/blog/process-of-buying-a-home/">purchasing</a> a home, you may need to pay "points." This charge is normally communicated as a level of the advance sum. If the credit is received by your home and the measure of points you pay is in accordance with your space, the points are deductible as "interest" so long as the money you paid at your closing through your down payment can be equated to the points.
The world of homeownership
Now that you are equipped with this knowledge, buying a house and immersing yourself in paying taxes, mortgages and loans is less "taxing" now, right? Sure, purchasing your first home can be quite an overwhelming decision initially, but through a guided mindset and a decent knowledge about the workings of taxation in the field of real estate, homeownership can go by like a piece of cake.
2021-05-10T08:00:00-07:002023-08-29T08:11:18-07:00Lee Willeytag:jeffcookrealestate.com,2012-09-20:10610How are Millennial Home Buyers Shaping Trends?<img src="https://assets.site-static.com/userfiles/1451/image/Millennial_Homebuyers_Shaping_Trends.png" width="2880" height="1920" alt="Millennial Homebuyers" />
Having your own home is the dream for most people. Over the past century, housing is one of the invaluable investments made by individuals, couples, and even families. According to house marketing experts, in the dawn of the 21st century, economic stability and recovery have contributed to the influx of millennial homeownership. Despite 2018 statistics implying millennials' low interest in house investment, the pandemic and the post-pandemic era have shown shifting perspectives from Millenials about housing.
Home Affordability
Purchasing real estate and property is considered the most extensive undertaking people venture into. Many factors shaped millennial perspective towards <a href="https://www.jeffcookrealestate.com/blog/process-of-buying-a-home/">buying a new house</a> - trends are the driving variable that honed millennial homeownership over the past decade. Sustainable and smart features are also important factors to consider. In addition, affordable multifunctional and economic community spaces contribute to a drastic interest in house investment among the younger generation. According to the National Association of Realtors (NAR), millennials' digital advancement correlates to the surge of house marketing affecting real estate agents' perception towards their potential contribution to the housing sector.
Increasing Income
In contrast to the popular belief - millennials are workaholics, according to social experts. The caricature that set millennials as a demanding, entitled, and indolent generation has become an understatement in recent times. The pandemic may have hindered workplace and career advancement for the older generation, but millennials' practical expertise and knowledge in technology and trends have transpired. Studies analyzing work perception among boomers and millennials show drastic and significant performance output. Moreover, the rise of new industries and jobs has contributed to relevant talent in which millennials' proficiency is valued. Therefore, this results in higher income generation, maximized talents, and adaptability to 21st-century challenges, increasing the potential for extensive personal investments - homeowning.
Unbridled Optimism
The rise of the COVID-19 pandemic did not hinder optimism in the younger population. Research indicates that millennials tend to ignore the typical "doom and gloom." A generation forged by a relative mindset about <a href="https://news.duke-energy.com/releases/clean-generation-remains-duke-energys-focus-as-it-plans-to-triple-renewable-energy-this-decade">sustainability</a> and awareness has proved to be a generation inhibiting the most optimism. The only uncertainty for millennials is that they believe in a better future. Millennials are also considered risk-takers contributing to their experience seeing the worst and are prepared for potential risks and threats. This risk-taking mindset has resulted in a position where they can afford larger, more expensive investments than previous generations.
The Millenial Undertaking
Kids these days - millennials might take a lot of burdens, especially from the negligence of the past generations. However, their potential seems to be astute. As a generation honed by conservatism and a culture of social conditions, they tend to be committed to keen undertaking and bold investment. Thus, this represents fast segments in home owning and real-estate expenditures, as shown in recent statistics and research. Furthermore, <a href="https://www.jeffcookrealestate.com/blog/smart-home-features-to-add-to-your-home/">tech-savviness</a> and digitalization have made an impact on millennial's perspectives concerning the subject of personal investments.
2021-04-30T13:30:00-07:002021-05-10T10:04:05-07:00Lee Willeytag:jeffcookrealestate.com,2012-09-20:10552What is Equity and How Do I Cash Out?<img src="https://assets.site-static.com/userfiles/1451/image/Home_Equity_JeffCook.jpg" width="4288" height="2848" alt="Home Equity" />
Equity is one of those terms that gets thrown around a lot, however, it can be confusing what it means in the world of real estate. We will walk you through all you need to know about equity and how you can cash out on your equity.
What Is Equity?
In simple terms equity refers to your assets minus your liabilities. So, In terms of home equity, this refers to you subtracting any mortgage as well as any other debt such as encumbrance tied to the home, from the value of your home. In this case, the home is the asset whiles the <a href="https://www.jeffcookrealestate.com/blog/budget-tips-to-relieve-the-stress-of-high-house-payments/" target="_blank">mortgage</a> with any other debt is the liability.
So, for example, if your house costs $152,000 and you paid for it with no mortgages or encumbrance or liens, then you own 100% equity of your home, which means you have $152,000 of home equity in your name. However, if your home costs $152,000 and you own a $52,000 mortgage with no other additional debt, then you have $100,000 in home equity.
What Are The Benefits Of Home Equity?
Owning home equity or paying off some of your mortgages comes with a lot of benefits, some of which include:
1. Appreciation
The value of your home tends to increase over time, so the higher your home equity, the more profit you can make off the home.
2. Leverage
The more your home equity, the higher the amount of money you can borrow against that equity. And as you will learn in the next section, having home equity gives exposes you to some loan opportunities.
3. It Alleviates Your Financial Burden
The more home equity you have, the more financial freedom you have. This is because having home equity saves you from certain financial obligations such as mortgage interest as well as property tax, which can save you some cash.
<br /><br />
How Do I Cash Out On My Home Equity?
If you won some equity in your home, you do not necessarily have to sell your home to gain access to your cash. There are various ways you can leverage the equity of your home, however, two of the most popular options include:
<br /><br />
Home Equity Line Of Credit (HELOC):
With a HELOC, you can borrow against the equity of your home. How this works is that you are given a line of credit of a <a href="https://www.banksc.com/calculator/credit-line" target="_blank">maximum limit</a> which you can borrow, however, you have the flexibility of borrowing how much you like and whenever you like given that it doesn't exceed the maximum limit.
When the loan is set up, you can borrow money for the next 10 years, and when the 10 years period expires, you will be required to pay off the loan together with the interest accrued within 15 years. However, the maturity period can vary from bank to bank.
Mostly, Home Equity Line Of Credit loans tends to have a loan-to-equity value of 80%, which means the lender will give you 80% of the value of your home equity. So, assuming you have home equity of $150,000, most banks will give you a line of credit of $120,000, and you can take out any amount from the $120,000 for the next 10 years.
Also, HELOCs have a floating interest rate, what this means is that it isn't fixed since it moves up and down with the market.
<br /><br />
Cashout Refinance/ Home Equity Loan:
This lets you take a large lump sum of money upfront and you will be required to pay this loan within a given period, however, with this, you will be required to pay a fixed monthly payment. Unlike the HELOC, the interest rate of a <a href="https://www.jeffcookrealestate.com/blog/what-you-need-to-know-before-applying-for-a-home-loan/" target="_blank">home equity loan</a> depends on how much money you borrowed, and it stays the same till the end of the loan. So, a cashout refinance is like a second mortgage. 2021-04-21T11:38:00-07:002021-08-30T12:07:59-07:00Lee Willeytag:jeffcookrealestate.com,2012-09-20:10480Home Insurance: What is it and Why do I Need it?<img src="https://assets.site-static.com/userfiles/1451/image/Untitled_design_26.png" width="2000" height="1333" alt="Home Insurance" />
New homeowners often hear about home insurance but don't have enough information about what it actually means, what it covers, and if they should even get one. So, let's start from the beginning.
What is Home Insurance?
Home insurance, also known as <a href="https://weinsuregroup.com/insurance/property/home">homeowners insurance</a>, or HOI, is a type of property insurance that can cover these four kinds of incidents:
Exterior damage,
Interior damage,
Liability
Loss or damage of personal possessions.
As you can see, all aspects of your home and/or your possessions can be covered by a policy. You are also covered against legal liability when a person not living with you is hurt while on your premises. When for example, slipping on your driveway.
Home insurance can be sold as a single policy or multiple-line policy. A standard policy usually insures the home itself along with the belongings inside of it.
Why do I Need Home Insurance?
Although no law requires you to take out a home insurance policy when applying for a <a href="https://www.jeffcookrealestate.com/blog/mortgage-payment-structure-explained/" target="_blank">mortgage</a> to buy real estate, mortgage lenders do require you to get it before they agree to finance your purchase. Their investment is therefore protected if the home is damaged, or destroyed by a natural disaster.
Apart from that requirement, it is a good thing to have one for exactly the reason listed above. The basic policy usually covers perils such as fire, lightning, explosion, smoke, windstorm/hail, vehicle collision, riot, and vandalism. The perils covered (and those not covered) will be listed in your home insurance policy.
Homeowner's insurance coverage can pay to fix or rebuild your residence and possibly other buildings on your property, such as a detached garage or a storage shed. If your possessions like furniture, TV, or even expensive china get damaged, the HOI can help pay to replace your assets.
How do Home Insurance Claims Work?
First of all, you should call your insurer helpline as soon as possible. If you for example make a claim for interior fire damage in your home and the claims adjuster estimates the cost to $5,000 to bring the property back to habitable conditions, you will be informed about your deductible cost which can be, say $1,500 according to the policy agreement. You will then get a payment of the excess cost, in this case, $3,500.
The higher the deductible, the lower the monthly or annual premium on the insurance policy.
What Happens if I Don't Have Home Insurance?
Not having home insurance <a href="https://www.jeffcookrealestate.com/blog/mortgage-payment-structure-explained/">can cost home buyers their mortgage</a> before they even get one. Aside from getting a mortgage, once you are an actual homeowner not having a policy can prove to be costly. Not being covered against natural disasters, of which some are happening more often than ever, can literally cost you the roof over your head.
<a target="_blank" href="https://www.insurancejournal.com/news/national/2013/05/14/291804.htm" class="editor-rtfLink">Surveys</a> about homeowners insurance coverage often reveal that first-time buyers but also existing homeowners are confused by what is and what isn't covered by their policy. Always make sure that you are aware of what is listed in your policy papers.
Home insurance is not something where you should pinch pennies. Inquire with your insurer about a homeowners policy sooner than later. 2021-04-12T09:30:00-07:002021-11-28T18:12:00-07:00Hunter Cooktag:jeffcookrealestate.com,2012-09-20:10205Why Should I Refinance?<img src="https://assets.site-static.com/userfiles/1451/image/Untitled_design_22.png" width="2750" height="1833" alt="Why Refinance?" />
Owning a house is most people’s dream. Though, a mortgage is not accessible to everyone, which makes owning a home quite a hassle. Many people don't even know the <a href="https://www.jeffcookrealestate.com/blog/5-important-things-to-know-about-your-home-mortgage/" target="_blank">important factors</a> that go into your mortgage. When you get a mortgage, you always have the option to refinance your mortgage after some time. Most of the time, refinancing turns out to bring more good than bad. Unfortunately, most people don’t understand the importance of refinancing a mortgage. Most importantly, they don’t know how refinancing a mortgage works. In that case, this article will explore the benefits of refinancing and touch base on how the whole process works.
The process of refinancing is less complicated than purchasing a home. Here is a snippet of the process;
1. Applying
You must present recent paystubs and prove that your credit score qualifies. Your lender will also look at your assets, debts, and bank statements
2. Lock in your interest rate
After approval, you have the choice to lock your settled interest rate before the loan closes. This might take a minimum of 15 days to a maximum of 60 days. You also can float your rate, which allows you to get lower rates and puts you at risk of getting higher rates.
3. Underwriting
At this level, your lender begins to verify your information to make sure everything is accurate. They also verify your appraisal to determine the value of your home. This determines the options available for you.
4. Home appraisal
This is when your lender uses an appraiser to estimate the value of your home. For better preparation, it would help if you keep your home at its best. You can also put a list of the upgrades you’ve made since you purchased your home. If your home value turns out to be the same or higher than the refinance amount, then your underwriting is complete.
5. Closing your loan
Once the underwriting and home appraisal are set, you can confidently close your loan. Your lender will then send you a closing disclosure that contains all the figures for your loan. Usually, this process is faster than closing for a house purchase. People on the loan and title plus a representative from your lender must attend the closing. After going through all the documents, you have to pay the closing costs, which are not part of your loan.
So, why should I refinance?
As a homeowner, it is an excellent idea to refinance your mortgage for one good reason – to help you improve your finances. For example, refinancing could help lower your mortgage interest rates, which, in turn, may reduce your borrowing costs. In simple terms, refinancing allows you to lower your monthly mortgage payments and create more flexibility on your monthly spending.
The Benefits of Refinancing Your Mortgage.
1. Reduces your interest rate.
A higher interest rate means you have to pay more on your monthly mortgage payments. Refinancing your mortgage can bring these rates down, which puts more money on your savings. Furthermore, a reduction in mortgage rates reduces your total interest costs.
When you bring your mortgage rates down, it is possible to qualify for another mortgage at a lower rate than your current payments. There are factors such as improved credit score that may help you be eligible for lower mortgage rates. Before refinancing, it would be best to shop around to get the best mortgage rate from a suitable lender.
2. You can alternate your payoff timeline when you refinance.
In the real estate industry, refinancing a mortgage can reduce your loan payment duration. For example, if you have 18 years left to repay your mortgage. In that case, if you land better, lower interest rates, you could reduce the repayment to 15 years. A shorter repayment period, however, may increase your monthly payment. To understand the relationship between the interest rate and your monthly payments, you can use the mortgage calculator to get the real-time values.
3. Refinancing can Change the type of loan you have.
When you refinance your mortgage, you have the flexibility to go back and forth between adjustable-rate mortgages and fixed-rate loans. With a fixed-rate loan, you stay worry-free from future increased rates. Alternatively, suppose you have an <a href="https://interlincmortgage.com/fha" target="_blank">FHA loan</a> that requires you to pay insurance premiums. In that case, you can choose a conventional loan that allows you to eliminate insurance costs.
4. Refinancing allows you to tap into your home equity.
If you own a significant portion of your home, you can direct that money on other expenditures. A good example is to use the money on home improvement, educational purposes, or paying off debt. Still, you have the flexibility to spend the money anywhere however you want.
Wrap Up.
To learn more about your options when it comes to refinancing on your house payments, visit our <a href="https://www.jeffcookrealestate.com/buyers/refinancing/" title="Refinancing" target="_blank">Refinancing</a> webpage.
Refinancing your mortgage is the best option you can use to save more by paying lower interest rates. Always feel free to consult a professional to get a better understanding of how the whole process works. Still, this information can help you understand the importance of refinancing your home loan.2021-03-19T10:00:00-07:002023-08-30T11:43:58-07:00Hunter Cooktag:jeffcookrealestate.com,2012-09-20:9662Forbearance: What Is It And What Do You Need to Know?<img src="https://assets.site-static.com/userfiles/1451/image/What_to_Know_About_Forbearance.png" width="1200" height="800" alt="What Is Forebearance" />
The Covid pandemic has left many people in financial havoc, wondering how they are going to make their mortgage payments on time. Luckily, there is a solution that can help you during these challenging times. A mortgage forbearance enables you to stop making payments on your mortgage in the event of financial hardship. Most lenders will allow you to request a forbearance agreement if you have recently been let go from your job or your income has been drastically reduced. If you are having difficulties paying your mortgage during the pandemic, know that you are not alone. The pandemic has caused mass layoffs, pay cuts, and reduced hours for many. As a direct result, the <a href="https://www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/mortgage-relief/">federal government </a>and lenders are now offering various mortgage forbearance options to allow people to stay in their homes.
Mortgage forbearance is a service in which a <a href="https://www.jeffcookrealestate.com/blog/how-to-shop-for-a-mortgage-company/">mortgage servicer or lender</a> allows you to briefly pause your payments or even make late payments. This is done to help prevent the home from going into foreclosure. It is important to keep in mind that this is not a forgiveness of the loan. Instead, the missed payment must be made at a later date or the loan will go into default. You will want to avoid going into default at all costs as it can result in you losing your home. The forbearance is designed to help homeowners throughout any sort of hardship that is out of their control. As of this time, the government is extending forbearance periods of up to a year to qualified borrowers.
If you are deemed to be eligible for a forbearance, your lender will provide you with a contract that outlines all of the terms that you will need to agree to. It will typically include helpful information regarding how your payment history will be reported to credit bureaus, how the forbearance term works, and how the payments that were skipped will be expected to be repaid upon the forbearance period expiring. The actual process for applying for a forbearance will differ depending upon the <a href="https://www.jeffcookrealestate.com/blog/here-are-the-types-of-mortgages-explained/">type of loan </a>held, the servicer, and even the investor requirements placed onto the loan. It is also crucial to keep in mind that there is not a standard schedule for repayment for those who are in forbearance. It is ultimately up to the discretion of the lender and how they choose to go about things. Some are completely fine with a lump sum payment being made upon the forbearance term expiring, whereas will add the total of the missed payment to the backend of the loan.
If you are considering a mortgage forbearance, you should reach out to <a href="https://www.jeffcookrealestate.com/sellers/jeff-cook-offers/">Jeff Cook Offers</a>. They will be more than happy to set up a consultation for you at no charge. This consultation is the perfect time to discuss options that are available to you to ensure that you can keep your real estate. These solutions make it less likely that you will go into foreclosure and that is a cause for celebration. Feel free to get in touch at your earliest convenience to learn more regarding the forbearance process.
2020-12-29T14:45:00-07:002021-02-05T07:49:08-07:00Matt Serratotag:jeffcookrealestate.com,2012-09-20:965210 Reasons Why You Should Get Into Real Estate<img src="https://assets.site-static.com/userfiles/1451/image/Become_A_Real_Estate_Agent.png" width="1200" height="800" alt="Become A Real Estate Agent" />
As we approach the end of 2020, we can all safely agree that it has been a challenging year - but with those challenges also come opportunities. For many of us, we can see this as a window of perspective and changes in priority, particularly in business and sales.
If you're looking for a fresh new start, here are the top 10 reasons why you should get into the real estate industry. Oh, and don't worry about experience, you'll see it's much easier than it looks.
1. You Can Be Your Own Boss.
As a real estate agent, you will finally have a say regarding your schedule and working hours. Your professional success is all up to you, and you can reallocate your time to take care of those things that matter to you the most. In South Carolina, you should consider <a href="https://www.jeffcookrealestate.com/careers/join-jcre/">joining the Jeff Cook Real Estate team</a> since they're always hiring and looking to <a href="https://www.jeffcookrealestate.com/blog/feeling-stuck-ready-to-make-your-move-in-2020-you-asked-we-listened-new-structure-for-agents/">expand their pool</a><a href="https://www.jeffcookrealestate.com/blog/feeling-stuck-ready-to-make-your-move-in-2020-you-asked-we-listened-new-structure-for-agents/">.</a>
2. Flexible Dress Code.
Since there's no strict dress code in the industry, you can find your combination of business professional and business casual. There's no need for uniforms that won't reflect your unique personality. As a real estate agent, you can dictate how you want to impress your customers.
3. You Finally Get A Say On Your Income.
Many realtors will agree that this is one of the few professions that allows you to decide your yearly income. Since there are no salaries involved and all your earnings are based on sales, you decide how little or how much you want to make.
4. You Never Stop Learning.
The housing market is an organic entity, constantly evolving alongside the larger market. You will learn new technologies, techniques, sales speeches, and even life skills to become a better professional.
5. No College Degree Required.
The job market is getting more competitive by the minute, and people are always on the lookout for fatter and more stunning resumes. Luckily, not all professions demand having academic success, and in real estate, you can still thrive, even without a diploma.
6. Possibility To Work From Home.
Alongside the lines of being your own boss, you can take care of many aspects of the job while still at home with your family. Make phone calls, set video conferences, send emails, and schedule house visits, all from the comfort of your home.
7. Meeting New People, All The Time.
For people with a knack for sales and interpersonal relationships, becoming a realtor is a shoo-in. You will meet new people daily, and by listening to their stories and backgrounds, you will learn valuable life lessons that will help you with future negotiations.
8. You Get To See Incredible Homes.
Depending on the exact niche you would like to work on, you might have the chance to visit some of the most <a href="https://www.jeffcookrealestate.com/blog/most-luxurious-homes-in-charleston-sc/">luxurious and awe-inspiring residences</a> in the country - just the sight of them will get ignite your passion and drive for success.
9. You Can Indulge Your Creativity.
Being a real estate agent means knowing just what your client needs and being able to offer them a practical and tangible solution, all within their budget and terms of negotiation. There are no rules carved in stone, meaning you can be as <a href="https://www.hgtv.com/lifestyle/real-estate/five-creative-tactics-to-sell-your-home">flexible and creative </a>as the transaction needs you to be.
10. You Get The Satisfaction Of Helping Others.
Psychologically speaking, we all get a little oxytocin and dopamine boost whenever we're kind and helpful toward others - these hormones are responsible for building trust and social bonds. By helping people fulfill their lifelong dreams of owning their own homes, you'll obtain a sense of purpose that few professions out there can give you.
2020-12-28T14:30:00-07:002020-12-28T14:37:00-07:00Matt Serratotag:jeffcookrealestate.com,2012-09-20:9359Budgeting for Home Improvement Projects<img src="https://assets.site-static.com/userfiles/1451/image/Home_Improvement_Budgeting_and_Planning.png" width="1200" height="800" alt="Home Improvement Budgeting and Planning" />
Very few of us like sticking to a budget, but setting a budget is key when you are planning to take on a big home improvement project. Whether we are talking about a $20,000 home energy makeover or a $3,000 <a href="https://www.jeffcookrealestate.com/blog/how-to-renovate-your-attic-on-a-budget/">attic renovation project</a>, it’s important to make a financial plan and stick to it. Without a proper budget, you will eventually pay much more than you initially planned.
Determine Your Goals
Before you set a budget, you need to be clear on why you want to renovate. Drill down to the specifics. You need to pin down decisions and select finishings and the materials before you start the actual project.
Before you start tearing up floorboards, do some research. One of the most important things you need to do is figure out whether you need <a href="https://www.theguardian.com/money/2014/sep/20/home-improvements--essential-guide-planning-permission">planning permission</a> for your home improvement project. You may need a permit to install a new fence, replace a water heater, etc. A building permit for a larger project can cost anywhere from $500 to $2,000. Definitely consider these costs when determining your budget.
Get a Hard Quote
If you want to formulate an even more accurate budget, put together a list of exactly what you want and provide it to a contractor. Keep in mind, it takes time to formulate a proper quote. Home contractors are usually too busy to give free quotes. They may give you a free estimate, but it may not be as accurate as you would like.
If you want to receive the timeline for the job as well as a detailed outline of all the costs, it is worth paying for a hard quote. Regardless, there will likely be some hidden expenses. When tearing down walls, you may find mold or asbestos hiding behind the plaster. For this reason, it's a good idea to allocate 10% to 15% of your budget for surprise costs.
Factor in Home Insurance
Your project may affect your home insurance. If some damages occur during the project, you wouldn’t want to pay for them out of pocket. Your insurer may not cover the work being done or may require you to pay an extra premium. In some cases, it could help to take out specialist renovation insurance or consult a property management accountant.
Keep Track of Improvements
Setting a home improvement budget is one thing, sticking to it is completely different. To minimize surprise expenses, you should record everything step-by-step. It can be easy to lose track of the side projects being done simultaneously.
You need to divide everything into <a href="https://www.jeffcookrealestate.com/blog/5-diy-projects-to-tackle-this-weekend/">smaller projects</a>, and then closely track the progress. For instance, if you hire an electrician to do some wiring, you will want to track their work as it happens while taking note of what the plumber or carpenter is doing.
Use Spreadsheets
Keeping track of all the work going on in your home is easier said than done. Spreadsheets can be a lifesaver. You don’t need to be an Excel genius to do this. Thanks to apps like Google Sheets, you can create spreadsheets easily and free-of-charge. A spreadsheet could help you track progress, budget, and prioritize the projects that need to be done first.
Financing
You can do the work in stages or take out a loan in order to complete everything in one go. Obtaining a home equity line of credit is a popular way of financing big home improvements. In this case, the equity in your home serves as collateral and you can borrow money on an as-needed basis.
Another option is to apply for a home equity loan which typically offers fixed rates. If you want to get a home equity loan, know that many lenders won’t give you one for less than $25,000. Unless you plan on doing a huge kitchen remodel or add a new room to your home, a HELOC may be a better option.
Wrriten by: Kevin jefferson
Kevin has gone through an extensive home renovation with his son, which he has both thoroughly enjoyed, and dreaded every morning. He is now the proud owner of half his dream house (the other half is waiting for spring). You can read more of Kevin’s work on <a href="https://plainhelp.com/author/kevin/">PlainHelp</a>.
2020-11-09T09:00:00-07:002022-02-17T07:40:23-07:00Matt Serratotag:jeffcookrealestate.com,2012-09-20:9281Jeff Cook Real Estate Has New Listings Daily<img src="https://assets.site-static.com/userfiles/1451/image/NewListingsDaily.jpg" width="3600" height="2400" alt="New Listings Daily" />
In this current real estate market, the team at Jeff Cook Real Estate is <a href="https://www.jeffcookrealestate.com/blog/scrambling-to-sell/">selling homes faster than ever</a> before. We understand that selling your home fast means you need to move into a new home just as quickly. Don’t worry about finding a new home in time to move! At Jeff Cook Real Estate, we receive new home listings every day. We guarantee that our team can efficiently sell your home while guiding you through the buying process to get you moved into your home FAST.
Our team is no stranger to the ever-shifting real estate industry and we’ve perfected our structure to make sure our clients successfully sell their homes. We have a database filled with buyers who are ready to purchase homes just like yours! With a Jeff Cook Real Estate agent, you’ll feel confident in the buying and selling process and make more money than you ever imagined off of your home sale.
Did you know our listing agents are certified listing experts who go through training to successfully market and sell your home? Our proprietary marketing techniques propel your <a href="https://www.forbes.com/sites/forbesrealestatecouncil/2020/03/05/social-media-is-the-biggest-factor-in-the-new-real-estate-market/#af342dc6f6b8">home’s listing online and on social media</a> in front of thousands of potential buyers. Your Jeff Cook Real Estate agent will assist you with finding your family’s perfect dream home, all while <a href="https://www.jeffcookrealestate.com/blog/we-can-get-your-home-sold-fast-and-for-top-dollar/">selling your house quickly and efficiently</a>.
To see the amount of money you could pocket after selling your home, check out our <a href="http://yourcarolinahomevalue.com/">Home Profit Estimator Tool</a>! If you’re ready to list your home, contact a Jeff Cook Real Estate agent today!
2020-10-29T09:50:00-07:002020-12-11T06:31:35-07:00Matt Serratotag:jeffcookrealestate.com,2012-09-20:9234How to Shop For A Mortgage Company<img src="https://assets.site-static.com/userfiles/1451/image/Shopping_For_A_Mortgage_Company.png" width="1200" height="800" alt="Shopping For A Mortgage Company" />
For most people—especially first time home buyers—taking out a mortgage can be a scary thing. If you do your research and weigh your options, though, there's no need to fear! The fact you're on this page at all means you're headed in the right direction. Below, we'll take an in-depth look at how to shop for mortgage lenders.
Evaluate Your Credit Score
Mortgages are a loan like any other: interest rates will be higher if you have a poor credit rating. If you do have a poor credit rating, it's better to <a href="https://www.jeffcookrealestate.com/blog/how-to-improve-your-credit-score/">improve it</a> before applying for a mortgage, since you’ll want the lowest rate possible for these long-term loans.
Know About the Types of Mortgage Lenders
It's important to note that your bank is not always the best option for your mortgage - they may offer you low-interest rates if you're a long-time member, but don't just assume they're the best choice. Shop around!
Mortgage brokers are companies that shop for lenders on your behalf. They require you to pay a percentage of your mortgage - normally 1-2 %. This usually isn't worth it. With time and patience, you can find a great lender on your own.
Credit unions are funded by members, using deposits to make loans. If you're a member of a credit union, consider looking for mortgages through them as you might get lower interest rates.
Correspondent lenders fund their own loans but then sell them to a larger mortgage company, like a bank. Correspondent lenders may be able to negotiate with those larger lenders to get you a better deal.
Remember that which type you choose really depends on your individual needs.
Learn About the Types of Mortgages
There are two main <a href="https://www.jeffcookrealestate.com/blog/here-are-the-types-of-mortgages-explained/">types of mortgages</a>: fixed-rate and adjustable-rate.
Fixed-rate mortgages have fixed interest rates that never fluctuate over the life-span of the loan. These mortgages are better for people who think they’ll be in their home for a long-time or the full length of the mortgage.
Adjustable-rate mortgages have a fixed rate for a certain period of time but fluctuate after that period of time. These are a good option for people who think they'll sell the house after a few years, so they can get lower initial interest rates and save money.
Select A Few Lenders to Evaluate
Ask friends, family members, or your realtor for recommendations. The <a href="https://www.consumerfinance.gov/">Consumer Financial Protection Bureau</a> recommends contacting at least three separate lenders. By getting separate quotes from different lenders, you may be able to negotiate with one or the other as they lower interest rates to "win" your business.
Get Pre-Approved
Pre-approval means that a lender has evaluated your financial situation and determined you're a good fit for taking out a mortgage. This means that your offer may be viewed as more competitive. To <a href="https://www.jeffcookrealestate.com/blog/how-do-i-get-pre-approved-for-a-home-loan/">get pre-approved</a>, you'll need to provide the lender with your social security number, financial history, and salary info.
Wrapping Up
We hope these tips provide the help you need to take to secure your first mortgage. Take your time, do your research, and before you know it, you'll feel confident in shopping for a mortgage!2020-10-28T08:00:00-07:002020-10-27T13:49:01-07:00Matt Serratotag:jeffcookrealestate.com,2012-09-20:9226Countdown to Move Out Checklist<img src="https://assets.site-static.com/userfiles/1451/image/Countdown_to_Move_Out_Checklist.png" width="1200" height="800" alt="Countdown to Move Out" />
You turn the key, open the door, and you're finally in the house you'll soon call a home - not so fast, though. Before you settle in, you need to move your stuff there! Moving out can be a stressful time for most people, but it doesn’t have to be. If you plan accordingly, you might even enjoy the moving process!
Follow this 5-step plan for a <a href="https://www.thespruce.com/stress-free-move-2436680">stress-free experience</a> when it's time to move out. It all starts one month before the big day!
1. One Month Out
You have 4 weeks before you move out. No worries, there's not too much to do right now! This step is all about planning.
Walk around the house and do an inventory. Figure out what you're going to keep and think about donating everything that you won't bring with you to your new home.
Call your workplace and ask for time off in advance. Google moving or truck rental companies in your area and call them as well. Call anyone you must at this stage.
If you're renting your current house, think about potential repairs and make sure you do it before you move onto the next stage. No rush, though! You have 30 days!
2. Three Weeks Out
Everything is going smoothly, but now comes the physical exercise. Start collecting boxes, bubble wrap, and old newspapers to start packing!
Start little by little. Don't box your computer just yet, though! At this stage, <a href="https://www.jeffcookrealestate.com/blog/8-easy-packing-tips-that-will-save-your-time/">focus on packing</a> non-essential items. Wrap your books, season-specific clothing, and everything you won’t likely need within the next month.
Double-check with both your landlord, your moving company, or whichever friends you asked to help you on the big day.
Call your home insurance, cable, electric, and all other utility providers to prepare them to switch their services to your new home.
Place all essential documents - such as medical records, passports, and similar items - in one place. You don't want to be scrambling for your ID the day before you move out!
3. Two Weeks Out
You're starting to feel like a stranger in the house you’re in now, but don’t worry, you'll soon be there.
Call the moving or truck rental company and confirm for a third and final time. It might seem like too much, but you don't want to be left hanging on the day you move out!
Start packing essential things. Leave out only what you need for the next 14 days.
If you own any pets, check out our<a href="https://www.jeffcookrealestate.com/blog/a-guide-to-moving-with-pets/"> guide to moving with pets</a>!
If you have anything important in your hard drive (anything from family pictures to work stuff), make sure you back it up somewhere.
4. One Week Out
The big day gets closer and closer!
Now it's time to pack everything that you have. Take pictures of electronic stuff, such as computers, TVs, etc.
You should pack a small bag for yourself and any family members in your household. Do it as if you'd be going out on a holiday. A few changes of clothes, your phone charger, medicine, and anything else you might need until you're in your new home unpacking.
Donate everything that won't make it to your new home: food, clothes, medicine, old computers, anything!
5. The Day Before
The day before might be the hardest of them all. Take one last walk around the house and reminisce. Check and double-check everything is in place and you're not missing a thing.
Get plenty of rest, you need to be sharp for the next day. You’ll be in your new home before you know it!2020-10-21T08:30:00-07:002020-10-22T07:22:18-07:00Matt Serratotag:jeffcookrealestate.com,2012-09-20:71895 Important Things to Know About Your Home Mortgage<img src="https://assets.site-static.com/userfiles/1451/image/5ImportantThingstoKnowAboutYourHomeMortgage.jpg" width="450" height="300" alt="5 Important Things to Know About Your Home Mortgage" />
Owning a home is a big deal that requires proper and adequate preparation. You need enough finances but you also need the right knowledge about mortgages. You should learn about all the processes involved to have a smooth transition and own your home. Most people usually find solace in taking mortgages but sometimes that relief turns to grief especially if they take the mortgage without doing enough research. Here are some mortgage tips to make your home buying process simpler.
Credit
Although you don't need to have a perfect credit score, you still need a good enough credit. This is because the financial institution that will be giving you the loan will be taking a big risk by giving you the money. They need some sort of reassurance that you'll hold up your end of the deal. This is shown through previous proof of payments you've made. It is, therefore, a good idea to start by building your credit score before applying for a home loan. You don't have to perfect the score, you just need to make it good enough. Check out our helpful tips on <a href="https://www.jeffcookrealestate.com/blog/how-to-improve-your-credit-score/">How To Improve Your Credit Score</a>!
Special Mortgages
If you're a first time home buyer, you may have some trouble finding a good lender to give you a loan. Most first time buyers are young and therefore don't have a reputation when it comes to loan payments or a good background in terms of mortgages. First time home buyers can turn to special mortgages such as VA Home Loans for veterans and their families or Rural Housing Mortgages. These are mortgages that don't require the 20% down payment that some lenders implement as a mandatory part of the process. This means that you can own a home even if you don't have enough money as capital. Check your eligibility for a VA Home Loan <a href="https://www.veteransunited.com/v3/lp/?src=adw&adg=genhmtg&desc=eligibility&matchtype=p&gclid=EAIaIQobChMIhrv1tKjp6wIVBrLICh3dXgXBEAAYBCAAEgI5SfD_BwE">here</a>.
Refinancing
Mortgage rates usually change and that means that you can get a better deal. You just need to be careful about why you're refinancing. If done for the wrong reasons you can reap a lot of benefits. Only refinance your home if the mortgage rates are better or if you have improved your credit score. Second mortgages are also a good choice to consider if you have a good home value. Just make sure you weigh all the advantages and disadvantages before making your decision.
Closing costs
Buying a home involves paying for various costs that can take a financial toll on you. However, these closing costs may seem like small amounts but when you add them up they become too expensive. The best move is to ask whoever is selling the home to cater for those costs. They may include escrow fees, inspection costs, appraisal services, and insurance fees,
Mortgage testing
You don't have to delve into getting a mortgage straight away. You can opt for the option of <a href="https://www.jeffcookrealestate.com/blog/how-do-i-get-pre-approved-for-a-home-loan/">getting a pre-approved home loan</a>. Ask the lender if this option is available for you and make sure you get all the details such as the cost and eligibility factors. You should also find out whether you can borrow more and pay less.
Before getting a loan from any lender, make sure you find out important aspects such as the interest rates. This will help you prepare properly and as such, help you make the payments smoothly. 2019-12-04T10:33:00-07:002021-01-22T13:12:14-07:00Thomas "Jeff" Cooktag:jeffcookrealestate.com,2012-09-20:7188What You Need to Know Before Applying for a Home Loan<img src="https://assets.site-static.com/userfiles/1451/image/NeedToKnowBeforeApplyingforaLoan.jpg" width="450" height="253" alt="What You Need to Know Before Applying for a Home Loan" />
Whether you're taking out a loan to purchase a new home, or you're applying for a home equity loan (taking out a loan with your home as collateral), there are some important things you should be aware of ahead of time and keep in mind. Being well informed will help you make it through the process successfully, and also have more confidence.
It's important to do your research before applying for a home loan. There are a number of online resources with helpful information and advice, such as Zing! by Quicken Loans, or millionacres by Motley Fool. If you'd like professional help from experts, Jeff Cook Real Estate is a great company that can help you make the best decisions. Here we'll give you five important tips to get you started.
Raise and Maintain Your Credit Rating
This is something you'll want to be aware of well ahead of applying for a loan since it takes time to raise your credit score if it's gotten low. Your credit score is one of the key factors a lender will consider when determining whether or not to extend a loan and what interest rate you will pay. Many services and companies provide credit ratings, and you can find it online.
Once you know what your score is, you can determine whether you need to raise it. There are a number of <a href="https://www.jeffcookrealestate.com/blog/how-to-improve-your-credit-score/">ways to increase your credit rating</a>. A good first step is to look over your credit report and make sure there are no mistakes or inaccuracies. If there's anything on there that doesn't look right and it may be adversely impacting your credit, you should look into it. If you have a substantial credit card balance that you can afford to pay off, that will usually help your credit. It's hard to do a lot with short notice, but not opening new accounts or taking out other loans is very important if you're concerned about your loan application.
Avoid Changes in Employment
Having steady, reliable employment is a crucial consideration in the loan approval process. If possible, avoid making any major job changes prior to applying for a loan or during the process. They want to see that you have a job that you have and will stick with and that you'll have regular income to make payments from.
Create a Budget
Before you apply, it's important to have a good idea of what you can afford as far as monthly payments. You don't want to overextend yourself, and your application likely won't be approved if it doesn't look financially feasible. It's a good idea to put together a budget of all your income and expenses. Be sure to include everything, within reason; remember, it all adds up. Doing this is extremely important for determining how big of a loan you can afford to take out, and what type of house you'll be able to buy.
Prep for What You’ll Need
When making a loan application, financial institutions will ask you for quite a bit of <a href="https://www.bankofamerica.com/mortgage/learn/how-to-apply-for-a-mortgage/">information to aid in the review and decision</a>. This may include pay stubs, financial account statements, and tax filings. It's important that your taxes have been filed and that everything is in order. It relieves a lot of stress and hassle if you have what you need ready for when they ask.
Do Your Research & Choose Carefully
It's important to do thorough research so you know what you're getting into. As mentioned earlier, there's a wealth of helpful information online. Talking to a professional can be a good idea to get personalized assistance. You'll want to research the current housing market and be aware of current interest rates, which will help you know the best time to apply for a loan. You should also look around at different lending institutions to determine which ones have the best offerings and will provide the best service. Entering into a financial agreement with an institution of people you feel you can trust is really important, so take time to talk to folks.
The process can be a little intimidating, but if you do your research ahead of time, you'll find it's really not bad because you'll know what to expect. At the end of the day, this process is incredibly rewarding, especially when you are preparing to <a href="https://www.jeffcookrealestate.com/blog/why-are-people-moving-to-south-carolina/">move to South Carolina</a>!2019-12-04T10:26:00-07:002021-01-22T13:07:21-07:00Thomas "Jeff" Cooktag:jeffcookrealestate.com,2012-09-20:6115Process of Buying a Home<img src="https://assets.site-static.com/userfiles/1451/image/Signing_form.png" width="2344" height="1562" />
Guest Blogger: Inan Sikel
The process of buying a home can be overwhelming, especially for those looking to purchase their first property ever. And with no prior experience whatsoever, it can become an especially daunting task. To help make this process a little less vague, below is a general timeline for the process of buying a home. Although it is subject to change based on your situations and experiences, we believe that this guideline can help you build an expectation of what your process may be like.
Aside from learning <a href="https://www.jeffcookrealestate.com/blog/why-are-people-moving-to-south-carolina/">why people are moving to South Carolina</a>, it is important to start your home buying journey by reviewing your finances to prevent yourself from over-reaching. This includes checking and/or <a href="https://www.jeffcookrealestate.com/blog/how-to-improve-your-credit-score/">improving your credit score</a>, how much cash you have available, determining your potential down payment, and getting an understanding of how much is realistically affordable for you. This will often differ between buyers based on their preferences and circumstances. Once an understanding of finances is reached, it is time to move forward and research both the mortgage industry and listings in your preferred areas of choice. This in-depth research will be important, as it will serve as your foundational familiarity and re-consideration of your commitment to the designated areas. A common example would be for those who commute to work to see if the area is near accessible public transportation. All in all, getting an understanding of the area is important in deciding if the location is truly in your best interest and even for understanding why a listed home is priced the way it is.
After you decide what areas suit your needs, the next step would be to create a list of features that you would like your home to have to help narrow down options when searching. It is important to understand that these features should also be separated by those that are necessary compared to those are simply wants. This distinction may help buyers in the untimely position of having to compromise when deciding between homes. Often or not, most people will hire a real estate agent to help when home searching becomes too much, but can also prove to be a wise decision considering their experience and knowledge of the area of interest.
Once the search commences, it is recommended to have home inspections completed to learn more about the home and get information about the neighborhood from those who live there and neighbors. When the decision is finally made, it's time to make the offer based on your planned budget. During this time, it is vital to stay active during the bidding process and stay on top of any paperwork that comes your way.
When winning, complete a final walkthrough and follow-up any requirements before closing day. Congratulations! Prepare to pop open the celebratory champagne bottles because you have just bought your very own property!
Check out some of these <a href="https://www.hgtv.com/lifestyle/clean-and-organize/10-best-kept-secrets-for-buying-a-home">best-kept secrets for home-buying </a>for more guidance during this overwhelming but worthwhile process.2019-10-21T06:37:00-07:002021-04-30T11:50:31-07:00Lee Willeytag:jeffcookrealestate.com,2012-09-20:58995 Tips for First Time Home BuyersGuest Blogger: Talia Spero
Congratulations! After months – maybe even years - of preparation and excitement, you are finally purchasing your first home. But, it is important to not let the anticipation of being a first time home buyer to get in the way of making crucial decisions in the <a href="https://www.jeffcookrealestate.com/blog/process-of-buying-a-home/">home buying process</a>. By checking these to-dos off your checklist, the task of purchasing your first home will be less daunting and all the more exciting, especially when you see <a href="https://www.jeffcookrealestate.com/blog/why-are-people-moving-to-south-carolina/">why people are moving to South Carolina</a>!
1. Determine your budget
The very first thing a new homeowner should do is determine what they can or cannot afford. This will make your house-hunting significantly more effective. When <a href="https://www.daveramsey.com/blog/how-to-budget-for-new-home">calculating your personal budget</a>, including all additional costs, such as homeowner’s insurance, property taxes, etc. Once you have determined your budget, you will know which homes are within your reach.
2. Consider cost-saving moves
A first time home buyer is most likely looking to get as much bang for their buck. There are several potentially cost-saving moves you may be interested in; such as properties in foreclosure, or shop in neighborhoods with a high number of properties for sale to get the highest value for your dollar.
3. Determine where you stand with vendors
To make the buying process much easier, know where you stand with lenders. Being aware of how low or high your credit score is can allow you to shop around for the appropriate loan. Either way, there are still promising options available, but having a low credit score may increase your budget.
4. Determine your requirements
For most first time home buyers, an idea of what you are looking for is already planted in your mind. But, be sure to separate your needs from your wants. This will narrow down your search for a quicker home buying process.
5. Consider your potential down payment
Hopefully, you have some funds set aside to <a href="https://blog.hireahelper.com/the-home-buying-101-guide-for-millennials/" target="_blank">make a down payment for your dream home</a>. It is recommended to have at least 20% of the purchase price available, but be sure to look into many loan and mortgage companies that can help you make a down payment for significantly less.
Although there are many other tips to consider when buying your first home, these first five should be extremely helpful to you and your search. Go find your dream home! 2019-09-30T10:23:00-07:002021-03-09T12:57:50-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:5945August 2019 Columbia Real Estate Market UpdateAs we have seen over the past several months, the interest rate drop from July 31 has not caused the upturn in sales that one would have thought it would. There is a lack of affordable housing and that lack, along with higher housing prices are affecting the number of home sales. First time home buyers are unable to buy at the higher price levels, even though the lower rates would be a help.
Here is a brief summary of the numbers from the August Columbia Market: and what they mean for anyone thinking of buying or selling.
New Listings - 1620 (up 8.3% from 8/18)
Rending Sales - 1346 (up 6.2% from 8/18)
Closed Sales - 1376 (down 1.4% from 8/18)
Days On Market - 50 (down 5.7% from 8/18)
Median Sales Price - $185,000 (up 11.8% from 8/18)
Percent of Asking Price Received 97.7% (up 0.3% from 8/18)
Months Supply of Inventory - 2.9 (up 3.6% from 8/18)
The number of new listings coming on to the Columbia market in August has increased from August of last year, and the number of days on the market is shortening. The number of pending sales has increased 6.2% and median prices are up almost 12% from this time last year. These statistics are all indicating that it is a great time to be a seller. This is obviously not great news for buyers. Additionally, the monthly supply of homes is only at 2.9, which is low, and sellers are receiving 97.8% of their asking price. If you are considering <a href="https://www.jeffcookrealestate.com/blog/why-now-is-the-best-time-to-sell-your-home/">selling your home</a>, do it now while interest rates are low and more buyers can afford to purchase. For more information on key indicators of a healthy housing market, click <a href="https://www.jeffcookrealestate.com/blog/key-indicators-of-a-healthy-housing-market/">here</a>.
Here at Jeff Cook Real Estate, we work hard to help you with integrity and honesty. We have many eager buyers wanting to purchase. It is an excellent time to give us a call to list your home. Call-855-HEY-JEFF today.
Stay up-to-date and check out the <a href="https://www.fortunebuilders.com/columbia-real-estate-market-trends/">most current Columbia market updates</a>!2019-09-23T11:21:00-07:002021-01-22T11:05:00-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:5944August 2019 Greenville Real Estate Market Update There are multiple opposing factors and trends that are affecting the market in Greenville. The interest rate reduction from the beginning of the summer has not spiked sales the way one would have thought that it might have. Pending sales for the month are down by 55% and the number of days on market is up to 69 days.
The number of new listings has increased and closed sales have increased from last year at this time. Inventory is staying under a 5 month supply, which is still positive news for sellers. The median price is up almost 9%. There seems to be a demand for housing, but rising prices are preventing more people from buying.
Here is a brief summary of the numbers from the August Greenville Market and what they mean for anyone thinking of buying or selling.
New Listings - 1864 (up 8.7% from 8/18)
Rending Sales - 521 (down 55.0 % from 8/18)
Closed Sales - 1505 (up 10.7% from 8/18)
Days On Market - 69 (6.5% from 8/18)
Median Sales Price - $220,000 (up 8.9%% from 8/18)
Percent of Asking Price Received 98.1% (0% from 8/18)
Months Supply of Inventory - 4.7 (up 34.3 % 8/18)
The number of new listings coming on to the market is 8.7% higher than last August but has slowed from last month. Pending sales continue to trend down having decreased 55% to 521 homes. Home prices have gone up 8.9% from last year at this same time. The number of closed sales this August compared to last August has gone up 10.7% and the supply of inventory has gone up to 4.7 months. For more information on key indicators of a healthy housing market, click <a href="https://www.jeffcookrealestate.com/blog/key-indicators-of-a-healthy-housing-market/">here</a>.
If you are looking to sell your home, call Jeff Cook Real Estate because we are experts at pricing your home correctly in this type of market. If you are a buyer, you need one of <a href="https://www.jeffcookrealestate.com/blog/get-to-know-our-greenville-agents/">our experienced agents</a> on your side to help you navigate the market, call us at 855-Hey-Jeff.
Stay up-to-date and check out the <a href="https://www.rate.com/research/greenville-sc">most current Greenville market updates</a>!2019-09-23T11:18:00-07:002021-01-22T11:02:55-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:5943August 2019 Charleston Real Estate Market UpdateIn general, the trends that we have seen so far this year are continuing, which means that there are fewer homes for sale and the prices are inching up. The lack of available homes is particularly evident in the lower price range, where there are most of the buyers who are looking to get into the market. Interest rates are low which is good but the lack of affordable housing is starting to impact the market.
Here is a brief summary of the numbers from the August Charleston Market: and what they mean for anyone thinking of buying or selling.
New Listings - 2,184 (down 0.9%% from 8/18)
Rending Sales - 1,893 (up 25% from 8/18)
Closed Sales - 1,800 (down 4.6% from 8/18)
Days On Market - 54 (up 17.4% from 8/18)
Median Sales Price - $285,000 (up 9.4% from 8/18)
Percent of Asking Price Received -96.2% (- 0.6% from 8/18)
Months Supply of Inventory -3.5 (down 12.5%% from 8/18)
The number of new listings in the Charleston area has remained almost constant in August, and the inventory of available homes has dropped to 3.5 months. This is, of course, not great news for buyers. The number of pending sales is up 25% from last year at this time, which again could be a benefit of the drop in interest rates. Along with this good absorption rate, the slow down in the rate of new listings coming on to the market will keep us in a seller’s market. The median sales price has gone up and the percentage of asking price received has stayed been hovering at around 96%. The month's supply of inventory has been edging downward, which means that it is a good time to sell your home. The home type that is most in-demand in our area is a 4 bedroom home priced between $200,000 and $300,000. For more information on key indicators of a healthy housing market, click <a href="https://www.jeffcookrealestate.com/blog/key-indicators-of-a-healthy-housing-market/">here</a>.
Here at Jeff Cook Real Estate, we have many more eager buyers wanting to purchase. If you are thinking of <a href="https://www.jeffcookrealestate.com/blog/scrambling-to-sell/">selling your home</a>, now is a great time to give us a call to list your home. Call-855-HEY-JEFF today.
Stay up-to-date and check out the <a href="https://www.rate.com/research/charleston-sc">most current Charleston market updates</a>!2019-09-23T11:15:00-07:002021-01-22T11:01:16-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:5942August 2019 Rock Hill Real Estate Market UpdateAs we head into fall, opposing factors and trends continue to influence the direction of the Real Estate market. The interest rate reduction from earlier this summer has not spiked sales the way one would have thought that it might have. Prices have risen and the supply of houses has dropped. In particular, the supply of affordable houses has dropped and there are not enough homes that first-time home buyers, who want to buy, can afford. The Rock Hill area, in general, is more affordable than other areas in greater Charlotte, which makes it very attractive to buyers.
Here are the numbers for August 2019, Rock Hill/Charlotte Region:
New Listings - 5,621 (down -1.4%)
Rending Sales - 5,096 (up 18.6%
Closed Sales - 4735 (down 2.9%)
Days On Market - 38 ( same 0%)
Median Sales Price - $257,850 (up 5.2%)
Percent of Asking Price Received 96.9% (up 0.1%)
Months Supply of Inventory 2.3 (down -17.9%)
Demand is strong and there are more buyers in the market than houses on the market. New listings are down, prices are higher and houses are selling quickly. As you can see, the supply of Inventory is very low, making it firmly a seller’s market. If you are a seller looking to sell your home, this is a great market in which to do that. For more information on key indicators of a healthy housing market, click <a href="https://www.jeffcookrealestate.com/blog/key-indicators-of-a-healthy-housing-market/">here</a>.
Give us a call at <a href="https://www.jeffcookrealestate.com/blog/who-is-jeff-cook-and-why-is-he-in-rock-hill/">Jeff Cook Real Estate-Rock Hill</a> for an accurate estimate of your house’s value in this market. If you are looking to buy, reach out to us for help finding a house. We can give you referrals for financing to purchase and are experts at negotiating. Call us today at 855-Hey-Jeff.
Stay up-to-date and check out the <a href="https://www.rate.com/research-old/rock_hill-sc-29730">most current Rock Hill market updates</a>!2019-09-23T11:12:00-07:002021-01-22T11:00:07-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:5946Here Are The Types of Mortgages ExplainedThe easiest step when buying a home is learning <a href="https://www.jeffcookrealestate.com/blog/why-are-people-moving-to-south-carolina/">why people are moving to South Carolina</a>! On the other hand, homebuyers face an overwhelming decision when considering what type of mortgage loan is right for them. In this scenario, a single decision is enough to affect a buyer’s finances, and in the case of a rash decision, one that can negatively plague them indefinitely. If you’re in the process of deciding which mortgage loan is right for you, it is important to know the basic types of mortgage loans available. The following are popular mortgage loans to help you get a grasp on the information to help you decide which financing option is the one for you.
To start off, it is important for a borrower to decide if they want a <a href="https://www.investopedia.com/mortgage/mortgage-rates/fixed-versus-adjustable-rate/">fixed-rate or adjustable-rate mortgage</a>. A fixed-rate mortgage loan keeps the same interest rate throughout its term entirely, which means that monthly payments are predictable and will never change. On the contrary, an adjustable-rate mortgage loan will have an interest rate that will adjust over time, resulting in either increases or decreases in payments based on the adjusted interest rate. It is also important to note that there are also hybrid loan options, which start as loans that start off with fixed-rates for a period of time and then adjust from thereafter.
Furthermore, borrowers can decide between more conventional loan options or those insured by the government. A conventional home loan is a loan that is not insured or guaranteed by the federal government as opposed to <a href="https://www.usa.gov/mortgages">government-secured mortgages</a>, such as FHA, VA, and USDA/RHS mortgage loans, which are. One of two popular types of conventional loans includes conforming loans that fall within limits set by government agencies that back most U.S. mortgages, such as Fannie Mae or Freddie Mac.
The other types of conventional loans are non-conforming loans, which don’t meet the standards mentioned previously. For example, jumbo loans are one of those loans that don’t meet the standards of either mortgage agencies. Rather, these loans are much riskier for the lender as they are larger in size, which is why they have larger interest rates and resulting in bigger monthly payments. Borrowers must meet certain requirements, such as good credit and having a larger down payment, for jumbo loans to be appropriate.
Deciding on a type of mortgage is only one step in <a href="https://www.jeffcookrealestate.com/blog/how-to-apply-for-a-home-loan/">the home loan application process</a>, but it is so important to do your research on what options are available to you and what will best suit you. With a preface to mortgage loans available, consider all your financial planning budgets and homeowner needs to ultimately help you determine what mortgage loan is best for you. 2019-09-19T11:23:00-07:002021-01-22T10:58:08-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:59508 Questions You Must Ask Before Hiring A Home BuilderFew things feel as good as finally being in a position to have a home you can call your own.
It’s great if you choose to buy an existing house. It’s also just as amazing if you build an entirely new home. Deciding on <a href="https://www.jeffcookrealestate.com/blog/buying-a-home-vs-building-a-home/">whether to buy or build </a>is only the tip of the iceberg. If you go the latter route, however, you have to make sure that you put the project in the hands of a highly-capable home builder. After all, it is your home, and you would want nothing less than the best available home builders to work on it for you.
To <a href="https://oxlandbuilders.com/blog/post/6-tips-for-choosing-a-home-builder">find the right custom home builder</a>, you will need to interview several candidates for the job. So line them up, and ask them the following questions:
How long have you been building custom homes?
While experience is not a guarantee that a home builder is that good, more years in the business tend to mean that the builder must be doing decent work at the very least, or that builder wouldn’t have lasted that long. Besides, the longer the experience, the more knowledgeable about new home construction a builder would be.
Can I see your previous work?
A portfolio would be nice. Seeing in person the actual houses the candidate has built over the years would be even better. So ask the candidate if something like that can be arranged so you can see for yourself if you’re going to like that builder’s work.
Can you work where I want to build my home?
Assuming that the location of the build is in a remote location, you have to know if the candidate will commit to working there. Far too many projects have been put on hold because of the unwillingness of builders to do their thing in distant or hard-to-reach project locations.
How is your knowledge of relevant building codes?
One of the most frustrating parts of any construction project is the possibility of an already-finished structure being taken down upon the order of local authorities because it violated certain aspects of state and local building codes. To avoid this costly mistake, hire only home builders who are up to date on building codes.
Will you be working on other projects besides this one?
That question may sound like you’re implying that the candidate must work exclusively on your new home construction, but that isn’t really the case.
If the candidate you’re interviewing has a massive operation with lots of personnel and equipment, then you probably won’t have to ask this question. The builder will probably work on other projects simultaneously, and his or her company will be able to handle it. But if you’re talking to a builder with a smaller company, you have to make sure that the builder will commit to your project and its timetable, or your custom home will take a long time to finish. You wouldn’t want to be working with a small home builder who accepts every client that comes along but doesn’t have the resources to work on all of them at the same time.
If you take on this job, how are we going to communicate?
A candidate that plans to communicate with you by phone, email, or Skype is good, but one who has a software-driven system would be even better. Such systems make sending out progress reports and other pertinent project-related matters a lot easier.
Do you have insurance?
Insurance protects you from liability for any personal injury or property damage that might occur at the site of your new home construction, so never forget to ask a candidate if he or she has the right contractor's insurance policies. And don’t just take a home builder’s word for it. Always ask for proof of insurance.
Is your work guaranteed?
A one-year warranty is par for the course, but some home builders provide a structural warranty of up to 10 years.
These are just some of the most basic questions you need to ask before hiring a home builder. Building a home and <a href="https://www.jeffcookrealestate.com/blog/why-are-people-moving-to-south-carolina/">moving to South Carolina</a> will be one of the most exciting and fulfilling decisions you make, especially when backed up by the expertise of the Jeff Cook Real Estate team!2019-09-05T11:43:00-07:002021-01-22T10:45:08-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:5997July 2019 Rock Hill Market UpdateThe general U.S. economic expansion continued into the start of its 11th year in July 2019. The average rate of growth in this expansion has not been as robust as the 1990’s expansion, at 2.3 per year versus 3.6 previously. During this 10 year expansion, the unemployment rate has dropped from 10% in 2009 to 3.7% in 2019. The economy is expected to continue to function well for the rest of 2019, but a mild recession is becoming more of a threat. As far as the Rock Hill Real Estate market is concerned, total sales and the number of available houses for sale has declined.
Here are the numbers from the greater Rock Hill/Charlotte area for July.
New Listings - 9,416 (down 15.3% from 7/18)
Rending Sales - 49,796 (up 1.6% from 7/18)
Closed Sales - 4627 (down 7.2% from 7/18)
Days On Market - 44 (0% from 7/18)
Median Sales Price - $247,000 (up 6.2% from 7/18)
Percent of Asking Price Received 96.6% (down 0.4% from 7/18)
Months Supply of Inventory 2.3 (down 14.8% from 7/18)
If you are considering selling your home, this is a great time to do that, as the demand for homes is strong and supply is low. For home buyers, especially those looking for entry-level houses, prices have risen and the number of available homes is low. The good news is that mortgage rates are still low, which helps greatly with affordability. For more information on key indicators of a healthy housing market, click <a href="https://www.jeffcookrealestate.com/blog/key-indicators-of-a-healthy-housing-market/">here</a>.
If you are a seller, <a href="https://www.jeffcookrealestate.com/blog/who-is-jeff-cook-and-why-is-he-in-rock-hill/">Jeff Cook Real Estate-Rock Hill</a> can assist you in setting the right price for your home, reaching many buyer prospects from in and out of the area, and in handling all the details of a home sale. If you are looking to buy, Jeff Cook Real Estate can help you get pre-qualified and present a strong offer so that you can purchase a home now before prices go any higher. Give us a call at 855-HEY-JEFF today!
Stay up-to-date and check out the <a href="https://www.rate.com/research-old/rock_hill-sc-29730">most current Rock Hill market updates</a>!2019-08-22T07:10:00-07:002021-01-22T10:01:37-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:5995July 2019 Columbia Market UpdateThe general U.S. economic expansion continued into the start of its 11th year in July 2019. The average rate of growth in this expansion has not been as robust as the 1990’s expansion, at 2.3 per year versus 3.6 previously. During this 10 year expansion, the unemployment rate has dropped from 10% in 2009 to 3.7 in 2019. The economy is expected to continue to function well for the rest of 2019, but a mild recession is becoming more of a threat.
Here are the numbers from the Columbia area for July.
New Listings - 1785 (up 13.1% from 7/18)
Rending Sales - 1482 (up 13.8 % from 7/18)
Closed Sales - 1397 (up 2.9% from 7/18)
Days On Market - 49 (down 3.9% from 7/18)
Median Sales Price - $187,000 (up 9.8%% from 7/18)
Percent of Asking Price Received 97.9% (0% from 7/18)
Months Supply of Inventory - 2.9 (0% 7/18)
New listings are up 13.1 % and pending sales are also up 13.8%. Prices have risen and the number of days on the market has gone down slightly to 49 days. Sellers are still getting 97.9% of their asking price and months supply of inventory remains at 2.9. For more information on key indicators of a healthy housing market, click <a href="https://www.jeffcookrealestate.com/blog/key-indicators-of-a-healthy-housing-market/">here</a>.
It is a <a href="https://www.jeffcookrealestate.com/blog/why-now-is-the-best-time-to-sell-your-home/">great time to sell your home</a> in the Columbia area. If you are a buyer, you need to present a strong offer and act decisively when you find a home. At Jeff Cook Real Estate, we can make the selling or buying process fast, simple, and stress-free. Whether you are a buyer or seller, call Jeff Cook Real Estate at 855-HEY-JEFF for information about your neighborhood market, pricing and marketing your home correctly, lending options, and anything else related to real estate.
Stay up-to-date and check out the <a href="https://www.fortunebuilders.com/columbia-real-estate-market-trends/">most current Columbia market updates</a>!2019-08-22T07:07:00-07:002021-01-22T09:56:44-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:5994July 2019 Greenville Market Update The general U.S. economic expansion continued into the start of its 11th year in July 2019. The average rate of growth in this expansion has not been as robust as the 1990’s expansion, at 2.3 per year versus 3.6 previously. During this 10 year expansion, the unemployment rate has dropped from 10% in 2009 to 3.7% in 2019. The economy is expected to continue to function well for the rest of 2019, but a mild recession is becoming more of a threat.
Here are the numbers from the Greenville area for July.
New Listings - 1842 (up 12.8% from 7/18)
Rending Sales - 635 (down 48.0 % from 7/18)
Closed Sales - 1314 (up 2.3% from 7/18)
Days On Market - 47 (0% from 7/18)
Median Sales Price - $224,000 (up 3.6%% from 7/18)
Percent of Asking Price Received 98.4% (0% from 7/18)
Months Supply of Inventory - 4.6 (up 35.3 % 7/18)
The number of new listings rose 12.8% to 1842 homes. Pending sales decreased 48% to 635 homes. Home prices have gone up 3.6% The number of days on the market to sell has stayed the same at 47. The number of closed sales this July compared to last July has gone up 2.3% months supply of inventory has gone up to 4.6 months. For more information on key indicators of a healthy housing market, click <a href="https://www.jeffcookrealestate.com/blog/key-indicators-of-a-healthy-housing-market/">here</a>.
Obviously, the supply of homes has increased relative to demand. The market is still considered a seller’s market because the month's supply of housing is still under 5 months. It will be interesting to see how the market performs during the month of August.
If you are thinking of selling your home, it is important in the market to price it correctly. The <a href="https://www.jeffcookrealestate.com/blog/get-to-know-our-greenville-agents/">real estate experts</a> at Jeff Cook Real Estate have the knowledge and experience to position your home well in this market. If you want to purchase a home, Jeff Cook can find you the best option. Visit us at 864value.com today!
Stay up-to-date and check out the <a href="https://www.rate.com/research/greenville-sc">most current Greenville market updates</a>!2019-08-22T07:03:00-07:002021-01-22T09:54:46-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:5291Why You Should Consider Selling in the Winter<img src="https://assets.site-static.com/userfiles/1451/image/selling-in-the-winter-attracts-serious-buyers.jpg" alt="Selling In Winter Attracts Serious Buyers" title="Selling In Winter Attracts Serious Buyers" height="410" width="750" />
The season you <a href="https://www.jeffcookrealestate.com/blog/scrambling-to-sell/">sell your home</a> can have an impact on how much you get for your home and how quickly it sells. The season that has the most success in selling homes is spring. This is a good time of year for families moving to new school districts and is also more convenient weather for moving. Because of this trend, most people will recommend waiting to list your home until after the winter is over. Avoiding the winter is a <a href="https://www.jeffcookrealestate.com/blog/8-mistakes-to-avoid-when-selling-your-home/">huge misconception in the housing industry</a> and can cause homeowners to miss out on opportunities.
Selling in the winter can give you <a href="https://www.zillow.com/sellers-guide/selling-house-during-winter-holidays/?109802732800dsa-735002237472459688491282">a few advantages</a>. There will be fewer houses on the market since most people assume winter is a bad time to sell. This gives your home more attention. Potential buyers are always looking no matter the time of year. Keeping your house on the market in the winter might bring the right buyer to your door. Real estate agents also tend to be less busy during these months and commit more time to get your home sold.
Studies have shown winter buyers are buying because they need to move right away either for a relocation or personal situation. They will want to close quickly and allow for a much smoother sale.
Bottom Line
If you need to sell your home right away, or have some time but want to see what is out there, consider listing in the winter. Most homeowners who are going to sell will list their home in the spring, making for a competitive market. The winter allows buyers who are in a hurry to move consider your home and sell for more money than you would have in the spring.2019-07-18T11:33:00-07:002021-01-21T14:23:26-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:5290Is Getting a Home Mortgage Still Too Difficult?<img src="https://assets.site-static.com/userfiles/1451/image/getting-a-home-mortgage.jpg" alt="Is Getting a Home Mortgage Still Too Difficult?" title="Is Getting a Home Mortgage Still Too Difficult?" height="410" width="750" />
Potential homebuyers are always cautioned to be aware of mortgage lending standards and the difficulty they might face when trying to obtain a mortgage. Credit availability is expanding, making it easier to get a mortgage now than it was a year ago. The market is still tight however, and homebuyers should be prepared to shop around until they find a lender who is offering something that will meet the needs of their family.
Mortgage lending companies have high standards so it is important to make sure you and anyone else who will be included on the mortgage have their credit in check. <a href="https://www.jeffcookrealestate.com/blog/here-are-the-types-of-mortgages-explained/">The mortgage market</a> is strict because lenders do not want to be put in a situation where they are forced to repurchase loans that are not paid on. They also do not want to end up in a litigation situation due to loan issues.
What Has Happened to the Number of Mortgages?
Due to the strict nature and requirements of the lending companies, the number of mortgages given out has significantly dropped. A report by the Housing Financial Policy Center at the Urban Institute showed that about 6.3 million fewer mortgages were given out between 2009 and 2015. The reasons behind this statistic are strict regulations and policies. These mortgages would have been granted if the lending standards where more reasonable.
Mortgage companies rely on calculations to determine if a home buyer will become delinquent on their payment. They will not give you a loan if you are too much of a risk for them. Credit history has a huge impact on this decision since lenders can see how often you pay back your debts. The history they receive is extensive. This view into your financial past causes lenders to take less risk when lending to you for your mortgage.
The Effect on the Economy
<a href="https://wallethub.com/edu/hl/mortgages-and-the-economy/117/#:~:text=When%20the%20economy%20is%20strong,lead%20to%20an%20economic%20boom.">Mortgages and the economy are highly connected</a>. The housing market is recovering at a slower pace than it should since less potential homebuyers are being offered loans. While the market is still recovering with positive trends, fewer buyers can create a strain on other economic factors like home goods or construction jobs.
Bottom Line
After the housing market boom and bust, mortgage lenders became stricter in their lending standards. It is not impossible to get a mortgage loan, but it can still be difficult for potential home buyers. Stay on top of your credit and make sure you and anyone else who is applying are in a good financial position so you can be approved for a loan. It is important to research different companies and their requirements to ensure success in getting a mortgage. <a href="https://www.jeffcookrealestate.com/blog/why-are-people-moving-to-south-carolina/">Move to South Carolina</a> and let the expert Jeff Cook Real Estate Team help you throughout the entire process!!2019-07-18T11:32:00-07:002021-01-21T13:51:50-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:5958What is Asbestos and Its Exposure RisksBefore its ban, asbestos was a widely-used ingredient in many products, thanks to its unique characteristics. It was an especially popular component of building and construction materials because asbestos fibers are highly resistant to heat, electricity, and chemical corrosion. Pure asbestos, on the other hand, is an effective insulator.
It was later found, however, that this naturally-occurring mineral is dangerous to human health. Inhaling asbestos in dust form can lead to a number of lung diseases. But even more alarming is the fact that the mineral was discovered to be carcinogenic. It is a known cause of a rare but fatal type of cancer – mesothelioma.
The thing is, there is no general ban on asbestos in the United States, which means a lot of existing commercial and residential properties still contain asbestos components. This obvious threat to life and health makes <a data-cke-saved-href="https://asaprestoration.net/asbestos-testing-removal/" href="https://asaprestoration.net/asbestos-testing-removal/" rel="nofollow">asbestos removal</a> even more critical.
Asbestos – What is it?
Asbestos is a general term used to refer to a group of silicate minerals that are fibrous in nature. These fibers are primarily made up of silicon and oxygen and may be found in abundance in rocks and soil in many parts of the planet. There are different types of asbestos, but two were widely used by businesses and industries -- Chrysotile and Amphibole, which were both linked with cancer.
It was in the 2nd half of the 20th century when the awareness of asbestos-related cancer grew, and rigorous measures were taken to reduce the risk of exposure. The result was a dramatic drop in asbestos-linked cases, though the possibility of exposure remains to this day as there is still no total ban in place in the US.
So, how can you be exposed to asbestos?
Some people inhale or swallow asbestos without knowing it. Exposure is common among those who mine asbestos or work with it for a living. However, it could also be that asbestos fibers in the air contaminated the food you're eating, or your home was built with asbestos-contaminated products that are starting to break down.
Health Hazards Associated with Asbestos
Multiple studies on asbestos revealed that when fibers in the air enter the human body, they tend to stick to the throat, trachea, or the lungs. And while the fibers may be expelled through coughing, there are times when they penetrate deeper into the lungs and attach to the outer lining of the chest and lungs (pleura).
These fibers can irritate the cells in the lungs and may eventually cause diseases rooted in the respiratory system such as lung cancer, mesothelioma, and asbestosis. The risk of having lung cancer is higher among workers who are exposed to asbestos on an almost-daily basis.
Mesothelioma is a rare kind of cancer affecting the linings of the chest and abdominal organs. Asbestosis, on the other hand, is a major disease caused by frequent exposure to asbestos or inhaling it in large amounts. It is characterized by chronic cough and shortness of breath.
Avoiding Asbestos Exposure
The terrifying thing about asbestos-related diseases is that they don't strike right after the exposure. It takes at least ten years before the signs manifest. That said, we all must protect ourselves against possible asbestos exposure.
Those who work in construction and industries that deal with asbestos are most at risk. But the nature of their professions may have already compelled them to take extra precautionary measures. For the rest of us, however, the hazard is in not knowing. If you live in an old home or building, there’s a possibility that it was constructed with asbestos-containing materials.
Though it's not necessary to remove these materials as long as they are not damaged or disturbed (in case of remodeling), it pays to be sure. To protect yourselves against the dangers of asbestos exposure, ask an expert to test the asbestos levels in your home. If you need to have asbestos removed from your home, hire the services of a qualified contractor.
Most importantly, do not attempt to remove asbestos-containing materials on your own. This may only contaminate your home further and increase the risk of exposure. There’s nothing wrong with wanting to save, but in this case, it may do more harm than good.2019-04-24T12:11:00-07:002020-12-18T11:22:29-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:6006What is a Mortgage?To a<a href="https://www.jeffcookrealestate.com/blog/5-tips-for-first-time-home-buyers/"> first time home buyer</a>, the world of mortgages is intimidating, confusing, and downright overwhelming. In fact, even experienced home buyers dread the word “mortgage.” Borrowing thousands of dollars and committing to pay for the long haul is a naturally overwhelming step, but with a little research, anyone can become more comfortable and prepared for their<a href="https://www.forbes.com/sites/trulia/2016/10/25/mortgage-101-breaking-down-the-basics/?sh=e3781b841c7b"> first mortgage</a>. Pro tip: A good credit score will help lower your monthly payments and/or your interest rate. See how you can<a href="https://www.jeffcookrealestate.com/blog/how-to-improve-your-credit-score/"> improve your credit score </a>before applying for your mortgage.
What is a mortgage?
A mortgage is a loan that will enable the buyer to pay for a home. Most mortgages cover 80% of the cost of the home. The loan can be paid back in 15- 30 years. There are a surprising <a href="https://www.jeffcookrealestate.com/blog/here-are-the-types-of-mortgages-explained/">number of mortgage types</a> out there, so shopping for a mortgage lender is an important first step in the home buying process. Getting “pre-approval” for a mortgage will show you what amount of money you can comfortably afford to borrow and repay. This will help you narrow your home search to properties within your budget.
Where can I get a mortgage?
Mortgages can be obtained from several different sources. Banks and Credit Unions and easy places to start if you already have a bank with which you work comfortably. This will give you some interest rates to compare and will provide an idea of a typical monthly payment in your price range.
Nonbank lenders such as Quicken Loans are also places to check for your home loans as well. They are often willing to work with borrowers that may have a less than perfect financial history and maybe a great place for a first-time borrower.
Mortgage brokers are financial experts who can help you find loans quickly because they work with many various lenders and basically do the “shopping around” for you. Once you have found a lender, you will be expected to put down a downpayment to show that you are committed to this investment. Many lenders require 20% of the purchase price to be paid upfront, but you can find others that will require less than that if you shop around. After your down payment, the rest of the money that you borrow is called the principal, and the extra money that you are charged for the privilege of borrowing is called the interest. (The interest rate is calculated as a percentage of the amount that you borrow.) Interest can be called a fixed interest rate which remains the same for the life or the loan or an adjustable interest rate which starts lower and then adjust upward during the life of the loan to reflect the current lending rates. Adjustable interest rates can be risky because your loan payment can increase to a point that may not keep you within your budget.
Once you are armed with some knowledge about what mortgages are, what type of lenders are available, and what amount of money you can be pre-approved to borrow, you are well on your way to buying your first home! Your realtor can also be very helpful in pointing you to a great loan advisor and in suggesting lending options with which you may not be familiar. Realtors are excellent coaches in the homebuying process, so be sure to take advantage of their experience and expertise as you embark on the adventure of a lifetime!
Happy Home Buying!2018-06-26T07:22:00-07:002021-08-30T12:31:38-07:00Thomas "Jeff" Cooktag:jeffcookrealestate.com,2012-09-20:6007Best Kept Secret for Your Apartment PoochExcessive barking or whining. The constant pitter-patter of nervous paws on hardwood or tile floors. Scuffles with other animals in common spaces. When you live in an apartment, the challenges of dealing with hyper or anxious dogs are automatically amplified. Shared walls with neighbors and limited outdoor space can create awkward and uncomfortable situations between you and the people who live around you.
For conscientious dog owners, there exists a magical place that can help you and your dog stay in the good graces of your neighbors:<a href="https://www.bringfido.com/sitemap/attraction/"> the dog park</a>!
Why the Dog Park?
Frequent trips to your neighborhood dog park can help your canine companion release all of its pent-up energy, provide proper socialization, and help strengthen the bond between man and dog. This, along with proper training and positive reinforcement, can result in your dog being calmer and less likely to annoy your neighbors when they are home alone. Dog park adventures also give you, as the owner, peace of mind because you know your dog is receiving regular mental and physical stimulation, which keeps dogs happier and healthier in the long run.
While frequent walks or jogs with your dog achieve some of the same benefits, dog parks allow off-leash fun and the ability to play fetch without worrying about your dog running off. Having unleashed dogs in public spaces is one common complaint by neighbors, so restricting off-leash time to designated areas is an important part of responsible dog ownership.
After deciding this is a good option for your dog, you should research local dog parks. Some may be one-size-fits-all parks, while others may be separated into two sections by size. Some parks have dog-specific training features. Determine what kind of setting is best for your dog based on their temperament, play style, and history of interactions with other animals. If your dog parks are government-owned, find out if you need a special license or key to gain proper access.
Making the Dog Park Your Second Home
If you plan on spending time at the dog park, take precautions to keep yourself, your pet, and others around you safe. Vaccinate your dog following recommendations from your veterinarian. Use parasite prevention products to ward off diseases from creepy crawlies. If your dog is not spayed or neutered, get that done and make sure they are healed before taking them to the park. Make sure your dog has a collar or harness with an identification tag on it, and ensure that the contact information on the tag is current. That way, if your animal accidentally gets out of the enclosure and runs off, you can get them back as soon as possible.
While at the park, supervise your dog at all times. Look for signs of stress or aggression. Read their body language and recognize any patterns that may occur. Remember: Nobody knows your dog better than you, so it is your responsibility to make sure they are playing in a safe and healthy manner. It is also your responsibility to stop your dog from bad behavior, so make sure it is well-trained enough to listen to your commands if the situation demands.
Clean up any messes they leave behind.
Also, while not mandatory, it’s good to socialize with other owners. You don’t have to be extremely extroverted, but just checking in with them can do a lot to make people feel comfortable. Remember not to engage or interact with somebody else’s dog without their permission. Your dog may start to bond with certain dogs it sees at the park regularly, so it’s good to know when those owners are there. You may even be able to synchronize schedules to maximize time together. Your dog may not be able to thank you with words, but their tail wags and better overall behavior will let you know they’re grateful.
Of course, the best way to treat your pup is to<a href="https://www.jeffcookrealestate.com/blog/process-of-buying-a-home/"> buy a home</a> with enough yard space to call its own. Give us a call at 855-HEY-JEFF to buy a home with us and check out our<a href="https://www.jeffcookrealestate.com/blog/a-guide-to-moving-with-pets/"> guide to moving with pets</a> to make the process easier.2018-06-21T07:25:00-07:002021-01-25T14:00:38-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:6013Real Live Realtor or Real Estate AppOur modern society loves all the conveniences that the world wide web and phone apps have to offer. With an app and a few touches of a button, we can have food delivered from our favorite restaurants, rides show up at our door to take us places, tickets to our favorite movies or concerts, coupons to our favorite stores, and even a dog-walker arrive on our doorstep. Modern technology indeed is a wonder and a splendid gift to humankind. So how about when it comes to real estate? Are the apps and websites taking the place of real live realtors? Let’s take a look at why we still prefer the human touch here!
Realtors have nearly instantaneous knowledge about listings. The <a href="https://www.nar.realtor/nar-doj-settlement/multiple-listing-service-mls-what-is-it">MLS website</a> is “THE” source of all listings. Online sites do have access to the MLS listings, but only as they are updated by third parties. Your local realtor, on the other hand, can find out instantly if the listing has any types of changes in status, such as pending, contingent, just-reduced or closed. With your local realtor, you won’t waste time inquiring about a property that could be unavailable. In many cases, a realtor knows of properties that are available but not yet actively advertised and can help you to become first in line for the home of your dreams. Your agent will even be actively working for you behind the scenes without you having to do any searches or inquiries on your own!
<a href="https://www.jeffcookrealestate.com/blog/the-questions-you-should-be-asking-a-realtor/">Realtors have a thorough working knowledge</a> of your local market. As a buyer, you may have your heart set on a particular neighborhood and then realize there is nothing in your price range. Your realtor knows which other neighborhoods in your area are comparable to what you are looking for and which may have a much better selection and pricing. Local realtors stay on top of what neighborhoods are currently trending and where new development is taking place. These hard-working humans can help you get the most for your money because they work all over our communities every day.
Agents can better inform clients and protect their interests, saving them money and potential heartbreak. Your real estate agent knows the properties that are for sale locally. They can protect the client by advising them if a home may need more work than first-time buyers or older buyers can afford or manage. The agent can instruct the buyer how to prepare a smart offer on a home that will keep the buyer in the running for the house but still have money for changes or repairs that will need to be made. Agents can even point out potential pitfalls with the financing or what to expect when you need to<a href="https://www.jeffcookrealestate.com/blog/how-to-improve-your-credit-score/"> improve your credit score</a>. Because your agent works the business every day they know the potential hazards and can save you time and trouble that you wouldn’t expect when acting alone on a website.
Real live realtors have the expertise that the average consumer does not. Every business has its specific lingo and forms. Using a realtor can help you avoid confusion with the language, mistakes on the forms, delays in the overall process, and will actively advocate for you when you don’t even realize there is a need for an intervention! They are highly trained individuals with your best interest at heart!
Realtors know everyone. Real estate agents are some of the best networkers in our society. We would do well to take lessons from them and be bold enough to reach out and make connections. Your real live agent knows brokers, attorneys, home inspectors, home stagers, interior designers, painters, roofers, window installers, landscapers, moving companies, and anyone else you may need as you buy or sell a home. You, as the buyer, will have their phone numbers and nearly 24-hour access to their wealth of knowledge. No website in the world can replace that kind of experience.
Realtors care about you! The personal touch of working with a human in person is a tremendous asset in the real estate adventure. Buying and selling a home can be very emotional and overwhelming. A great realtor will guide you, encourage you, reassure you during your search, and celebrate with you when you find the home of your dreams. Their job is to serve you, and when a great agent does this, you have a caring friend on your side. No website can offer the care and friendship that a personal agent can!
<br />In conclusion, I firmly believe that websites and apps can be handy tools and have their time and place in the business of real estate. They can be a great jumping-off point for exploring what is available and provide you an idea of what you can get in your price range. When considering all the benefits of using a real estate agent “live and in person,” however, I think you will agree that the human touch is the best choice! Contact an agent and let them know how they can begin helping you!
2018-05-31T07:36:00-07:002021-01-25T12:21:28-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:6017Home Inspection Day Part 2Welcome back! Hopefully, you found <a href="https://www.jeffcookrealestate.com/blog/home-inspection-day/">Home Inspection Day Part 1</a> extremely helpful, which means you're eagerly back for more. We're going to just right into the rest of our tips on how to make your home inspection day a walk in the park.
Take pictures, or roughly sketch, the cabinet layout in the kitchen. Do the base cabinets have shelves in them? How many drawers are in the new kitchen, compared to your current one?
Take note of counter space, including standing room. Will your beloved stand mixer/coffee station/bread machine/blender/knife block fit underneath the upper cabinets?
Do all the rooms where you want to have cable/satellite tv already have the necessary wall jacks?
Do you want to add dimmers to any of the overhead lighting fixtures? If so, how many dimmers will you need? Also, note what switch style is used in the house (traditional flip vs. rocker), and what color, so you can match.
How many exterior door locks - deadbolts locking doorknobs – will you need to re-key? If you know this, you’ll get a more accurate quote when you call a locksmith to book an appointment.
<a href="https://www.hgtv.com/lifestyle/clean-and-organize/20-clever-space-saving-solutions-and-storage-ideas-pictures">Planning to buy storage solutions</a> for closets, a laundry space, or the garage? Measure, measure, measure!
Measure your windows for replacement blinds or curtains. You never know when you might run into a great sale.
Are there power outlets in the garage?
How many spigots are on the outside of the house, and where are they?
Do you love how the current owners have the living room laid out and want to replicate the furniture placement? Take a picture, so you have an accurate memory of it.
Are you buying rugs for hardwood floors? Measure the space at floor level, between the baseboards, so you can look for rugs, or plan where your existing ones will live.
Note: If you are going to buy anything for your new home before you have closed, be sure you can return it if the deal falls through, and save the receipts. I know you don’t want to think about that happening, but you must remember that you aren’t closed until you’ve closed. You need to account for any built-in extension for closing that is in your purchase contract when thinking about returning items.
If you are 45 days out from closing, but the return policy is only 30 days, think twice about the purchase. Can you use the desired item in any home you might buy, or in your current abode? If so, you may want to take the risk.
We wish you smooth sailing all the way through closing, great sales, and generous return policies! Remember to give us a call at 855-HEY-JEFF for all your <a href="https://www.jeffcookrealestate.com/blog/new-listings-daily/">listing and buying needs.</a>2018-05-17T07:44:00-07:002021-01-20T14:44:59-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:6018Home Inspection DayAlso known as:
“The last time you’ll be inside this house until your final walk-through the day of closing.”
<br />Hooray for Home Inspection Day! You are getting a home inspection, right? Seriously – <a href="https://www.investopedia.com/financial-edge/0511/10-reasons-you-shouldnt-skip-a-home-inspection.aspx">don’t skip this step.</a> Now that we know you're getting a home inspection, we should talk about what your role is on the day of the inspection. I can hear you asking the screen, “What do you mean MY role? I’ve hired a professional to do the inspection. My role is to pay that professional."
Truth is, you should participate, if at all possible. If attending is impossible, due to scheduling conflicts, try to send a trusted friend or relative. No, I’m not joking. There are so many things to do and learn, during an inspection. Plus,<a href="https://www.hgtv.com/lifestyle/clean-and-organize/common-problems-found-during-home-inspections"> if the inspector finds problems</a>, they might like to show it to a set of human eyes, and not just a camera. It may also be the last time you get to enter the home before closing; this is particularly true if the house is still occupied.
What kinds of things can you do during the time your inspector is going over the home? I’m so glad you asked! Grab your large tape measure, a pen, a notebook, and let’s head to the inspection. We’ll have to move quickly, through these items. Prioritize the ones most important to you, in the event you aren’t done by the time the inspector is and ready to secure the home.
Write down the HVAC filter size(s), so you can bring fresh ones after you close.
<a href="https://www.jeffcookrealestate.com/blog/how-to-renovate-your-attic-on-a-budget/">Peek in the attic</a>. Is the space usable for storage? Is it floored? Is there a light?
Take pictures of things that you want to <a href="https://www.jeffcookrealestate.com/blog/what-you-need-to-know-when-buying-a-fixer-upper/">replace or fix up</a><br />
When you are standing in a home improvement store, in front of a fantastic sale display of bathroom light fixtures the week before you close, you’ll inevitably be unable to remember the mounting style of the existing ones in the house, or how many bulbs they have...only that you hated them.
Which bathroom had white tile, and which one had beige?
Measure the usable wall space in your rooms (exclude the space doors take up when in the open position, and account for door swing paths). This will let you plan at least some of your furniture placement, which is a big help on moving day.
Will your TV fit over the mantle, or will you need to come up with an alternate plan?
If it’s an older home, measure ALL of the doorways. In older homes, the doorway sizes can vary significantly throughout the home. It’s good to know in advance if you’ll have to saw your sofa in half to get it into the living room. You might prefer to buy something smaller*…or to be sure you know where your chainsaw, and duck tape, is on moving day!
Note any tight turns that might impact furniture placement.
Measure the opening of the fridge, if you will be buying a new one. Be sure to note if it is near a doorway and if it has trim. You don’t want the handles sticking out into a doorway unless you’re a fan of bruises and broken fridge handles.
Interior re-painting is not often included in contracts on pre-owned homes. Take note of how many pictures are on the walls. Will you need to do a lot of patching and touching up? Are there any scuffed/bumped spots (look at outward-facing corners) that will need some TLC? How is the paint on the outside of the front door holding up? Has the mailbox seen better days?
Check out our <a href="https://www.jeffcookrealestate.com/blog/home-inspection-day-part-2/">Home Inspection Day Part 2</a> for more helpful tips!2018-05-14T07:48:00-07:002021-01-20T14:44:10-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:6024Southern Hospitality With AirBnbOne of Charleston’s finest characteristics is our residents’ undying commitment to southern hospitality. Charlestonians have so much rich history, culture, cuisine, and events to share with the world and Airbnb has made that so much easier to do. Many of our local friends have inquired about the possibility of sharing their homes through Airbnb so here are some great things to consider before proceeding on this hospitable adventure.
Before you list a home on Airbnb, residents need to contact the city’s Department of Planning, Preservation, and Sustainability to <a href="https://www.charleston-sc.gov/1840/Short-Term-Rental-Permit-Information">obtain a short-term rental zoning permit</a>. Prior to February 26, 2018, short term rentals were prohibited by the Charleston City Council. However, a task force was established to look into the possibility of allowing short-term rentals in the city, and here is what they are proposing to go into effect in April 2018:
Property owners must get a short-term rental permit.
Class 1 includes the Old and Historic District on the lower peninsula and only houses listed on the National Register of Historic Places are eligible for a short-term rental permit.
Class 2 is for the rest of the peninsula where only homes that are 50 years old or more can obtain short-term rental permits.
Class 3 will include the rest of the city beyond the peninsula where there will not be an age limit on the properties seeking short-term rental permits.
There will be NO whole-house rentals.
Property owners must be on your property while it is being rented out.
Property owners may not advertise with any signs on your property.
Property owners must have a general liability policy.
Property owners must update your Short-Term Rental permit each year.
*****For complete rules and explanations, be sure to contact your local city government office: Department of Planning, Preservation, and Sustainability.
Once rental permits are obtained, listing extra rooms on Airbnb becomes quite simple. Begin by visiting the AirBnb.com website and create an account. Next, select the tab that says Become A Host. Following the prompts on the screen will help you easily get your space listed in no time flat. Here’s what you will be asked:
Home Type. Select Apartment, House, or other. From there, it will ask you to narrow down the type of property from a list that includes a tiny house, townhouse, chalet, cabin, etc. and ask you to clarify whether the guest will have a private room, shared room, or the entire space.
Beds Available. The prompts on the screen will continue to help you describe your space by asking how many beds are available, the room arrangements, or common areas that could be used for sleeping.
Bathrooms. Simply list the number of available bathrooms and if they will be shared by yourself or other guests.
Address. Enter the address of your property. This is not shared with anyone until they are confirmed guests.
Amenities. Here you will let guests know what amenities they will have such as sheets, towels, wifi, TV, heat, air conditioning, pools, hot tubs, etc.
Pictures. Airbnb will guide you through the process of adding photos to your listing and providing an inviting description of your property. Plan some <a href="https://www.jeffcookrealestate.com/blog/5-diy-projects-to-tackle-this-weekend/">DIY projects to elevate your space</a> and make those pictures pop.
Additional Descriptions. This will allow you to add details to your description. Letting people know if your property is kid and pet-friendly, good for large groups, what attractions are nearby, what restaurants are popular, what parks/events are close, what kind of decor they can expect, and so much more.
Name Your Place. Give your place a catchy, descriptive title that will make it stand out from others like it!
Set You House Rules. The site guides you through this process easily. In our local Charleston area, you are required to supply guests with the local city regulations also, but this can be done through the attached documents.
Set Your Calendar and Prices. At this point, you are free to customize your own calendar. Airbnb will suggest prices that are comparable with other rentals in your area, but you are free to set your prices as you wish.
<br />If you follow all of these steps on AirBnb.com, you will be ready to host families from around the state, country, and even the world! Enjoy sharing Charleston’s unique southern charm, history, cuisine, and culture from your home while meeting great people. Be sure to follow all of our city’s regulations for your short-term rental so that all of our residents can continue to enjoy the <a href="https://www.jeffcookrealestate.com/blog/summer-staycation-in-charleston-sc/">sweet hometown feel of our beautiful city!</a>2018-04-19T08:01:00-07:002021-01-20T14:18:10-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:6025What the Million Dollar Home Buyer Looks ForThere are many things that categorize Signature Homes as "<a href="https://www.homedit.com/million-dollar-house-ideas-makes-house-expensive-days/">luxurious</a>." However, what really determines this since Signature Homes come in all shapes and sizes? One could be a six-bedroom house in the country, while another can be a two-bedroom townhome located right on King Street. Since no two Signature Homes are the same, here are some added bonuses that a million-dollar homebuyer looks for when purchasing a home:
A Pool:
Although pools are a lot of upkeep and might not seem worth it because you can't use it for a quarter of the year, the luxury home buyer would rather have a private pool instead of a public community pool. Their own pool gives them privacy and the ability to swim and layout whenever they want.
A Beautiful View:
In the Charleston area, there are so many different options for views. Think about it: the million-dollar buyer wants a million-dollar view. something beautiful to look at through their windows while cooking or even out their back patio to help relax and unwind after work. Homes with views of the ocean, downtown, or of the Ravenel Bridge are going to be worth the price.
Elevators:
Although elevators are not as common these days, they do add a touch of luxury and convenience. Although I could not see the use of an elevator, mainly because I have not physically seen an elevator in someone's home, what's a couple of extra bucks when it comes to saving yourself the time and energy to walk up four floors of your home every day?
Country Club Amenities:
A lot of luxury home buyers partake in luxury events, such as golf tournaments, private events at country clubs, tennis lessons, and swim classes that take place in private pools. Country Clubs are usually exclusive and the opportunity to be a part of one just by the location of the home is something that the luxury home buyer is looking for.
Acres:
Although acres are irrelevant to those who live in the city, land is a huge factor for homes that are further out. This is important for areas such as Lexington, Chapin, Saluda, St. Matthews, etc. In small towns like these, land, privacy, and seclusion is what will sell. Most of these areas do not have beachy views, country clubs, or even proximity to a town, so land is what the million-dollar home buyer wants in these areas.
Proximity to Beaches/Downtown:
The <a href="https://www.jeffcookrealestate.com/blog/6-great-reasons-to-buy-a-home-in-charleston-south-carolina/">historical city of Charleston</a>, along with beaches like Sullivan's Island, is what attracts people to move here. When selling your luxury home that is right on the beach, you're more likely to sell faster if you're a block away from the beach instead of having to take a twenty-minute drive. Although a half an hour drive to see downtown Charleston isn't so bad, for luxury homebuyers who want to see downtown every day, they will spend big bucks to own and be a part of one of the historic homes.
If you're thinking about <a href="https://www.jeffcookrealestate.com/blog/scrambling-to-sell/">selling your home</a> and it falls in the Signature Home range, check to see if your house or property has any of these qualities. This will help you figure out how high you can actually list for, what the million-dollar home buyer is looking for, and qualities that will make your home sell faster and for more money. 2018-04-12T08:03:00-07:002021-01-20T14:10:37-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:6022The Do’s and Don’ts of MovingWhen I think about moving from one home to another, I am completely overwhelmed and exhausted just from the thought. I’m sure many of you out there are the same; the idea of transferring ALL of your belongings from under one roof to the next causes tremendous stress and anxiety. And so, I decided to share with you some moving tips, things to do and not do, based on my very recent and firsthand experience relocating to our newly constructed home.
DO:
<a href="https://www.jeffcookrealestate.com/blog/countdown-to-move-out-checklist/">Start planning early</a>. Think about whether you want to use a moving company, or move everything yourself. Depending on the number of belongings you own or if you're <a href="https://www.jeffcookrealestate.com/blog/a-guide-to-moving-with-pets/">moving with pets</a>, it may be worth it to hire a well-reviewed and recommended company to do the hard work for you. Sure it may cost you a couple of hundred dollars an hour to have these men do the heavy lifting; however, the reduction in stress and physical work upon yourself may be worth it.
Find heavy duty boxes for packing belongings. Various businesses and stores, such as grocery stores, bulk retailers like Sams and Costco, liquor stores, etc., are just throwing them away! You are doing the environment a favor when you recycle them for another productive use.
Group like items together: this may come as a no-brainer, but in the rush of packing, you may find yourself just throwing this, that and the other in the same box. This kind of sorting will lead to an unpacking nightmare! Trust me, place all kitchen utensils together, all pantry items in the same box, all bathroom items in the same storage container. And LABEL each box and container!
If you are physically moving your belongings then PREMEDICATE. Seriously. It is going to be painful unless you are a bodybuilder or in the gym every day. The day after you are also going to be extremely sore. Having an anti-inflammatory on hand will ease the aches and pains. Pack some Epsom salts for a hot soak in the tub (if you’re lucky to have one) to soothe sore muscles.
BE PATIENT WITH <a href="https://www.jeffcookrealestate.com/blog/process-of-buying-a-home/">THE PROCESS.</a> It’s going to take an entire day or two, or even a week, depending on how much stuff you have. But know that eventually you will be finished, in your new place, and <a href="https://www.hgtv.com/lifestyle/real-estate/10-tips-for-settling-into-your-new-home">settled in</a> making memories inside your new home.
DON’T:
Procrastinate and pack everything on the day of the move; this will only overwhelm and frustrate you. Prepare in advance, packing what you can before the big day.
Get in the way of the movers! Or try to be friendly and make too much conversation with them, especially when they are moving heavy objects such as furniture. Just let them do their thing!
Pack your valuables, such as jewelry, money, and medication, on the moving truck. Take those items with you.
Keep everything: take this opportunity to purge. Get rid of clutter and any unnecessary items in your house. Those old clothes that have stayed inside boxes for years since the last move need to go to Goodwill. Seriously. Let them go.
Think you’re going to get it all done in one day. While you might get every item out of one house and into the next within the daylight hours, actually moving in, unpacking, and getting settled in is a process. So just embrace it! Look at it as a fresh start and a way to re-organize your life!
Now that you have some valuable moving do’s and don’ts, it is time to go forth and get moving! 2018-04-04T07:58:00-07:002021-01-20T14:00:48-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:6030Best Restaurants in Charleston, SCCharleston is well-known for having a wealth of great <a href="https://www.jeffcookrealestate.com/blog/charlestons-best-local-shopping/">local shopping</a> and fine-dining. If you're new to the area or just stopping by for vacation, instead of going to some corporate chain restaurant, try some of these places and maybe spot a celebrity on the way!
If price isn't a concern: <a href="https://www.hallschophouse.com/">Hall's Chophouse</a>
Living in the Charleston area, I have heard so much about this place. When I finally had the opportunity to go, I realized that this restaurant actually lived up to the hype. Everything exudes class and hospitality from the second you walk in. They show you fresh cuts of meat and describe the differences in steak cuts, marbling, wet and dry age, and show you the size difference in ounces. The food is à la carte and the steaks start off at $40. However, you get what you pay for because the steaks are out of this world and the service is always spectacular.
Recommended: Prime Rib and Lobster Mac & Cheese<a href="https://www.hallschophouse.com/"></a>
434 King St, Charleston, SC 29403
If you're going out for brunch: <a href="https://www.zomato.com/charleston-sc/bluerose-charleston/menu">Blue Rose Café</a>
This quaint little café sticks to its roots and serves you nothing but authentic, fresh, and home-cooked meals. Everything here is old-fashioned from the delicious assortment of biscuits they set out, to their servers giving you a handwritten receipt. You can see the chefs cooking from where you're seated and the owner even makes a point to come out and talk to some of the tables. It is an added touch knowing that the owner cares and goes above and beyond. Blue Rose Café gets pretty busy so you want to be sure to get a seat early - and make sure you order the buttermilk pie!
Recommended: Buttermilk Pie and Blueberry Pancakes
652 St Andrews Blvd, Charleston, SC 29407
For your sweet tooth: <a href="https://www.kaminskys.com/">Kaminsky's Dessert Café</a>
Located right in the heart of Charleston, this dessert bar is the most popular, loved, and well-known. They have a wide variety of signature alcoholic and non-alcoholic beverages that range from cocktails to hot and flavorful coffee. They have a full bar and an open display case full of different homemade cakes and pies. Open until 1am on weekdays and 2am on the weekends, this is the perfect final pit stop for your night out on the town.
Recommended: Toasted Almond Martini and Tollhouse Cookie Pie
78 N Market St, Charleston SC 29401
For a family owned restaurant: <a href="https://amicisitalianbistro.com/35285">Amici's Italian Bistro</a>
Family owned and operated, this small, local Italian bistro has everything you're looking for when it comes to authentic Italian. Their food is made from scratch and they have an open window where you can sit and watch the chefs. Amici's immediately makes you feel like you're at an Italian restaurant fresh off the streets of Rome with their checkered tablecloths, basket chianti bottles with dripping candles, and food that is so fresh and savory, it will leave you wanting to work your way through the entire menu. Although this little restaurant only opened up about two and a half years ago, you can find the family, including the mom, son (also the executive chef), and two daughters working there every day of the week from open till close. This restaurant is not as well known as the ones downtown and that is part of the reason why the service is top-notch. It is the best hidden gem that Charleston has to offer.
Recommended: Signature Limoncello martini, veal marsala, and homemade tiramisu
7648 Northwoods Blvd, North Charleston, SC 29406
For tasting some local brews: <a href="https://holycitybrewing.com/">Holy City Brewing</a>
The Holy City is known to have many different brewing companies. However, Holy City Brewing is one of the most popular and also one of the best I have been to. It is located in a small building with indoor and outdoor seating, pool tables, a full kitchen, and dozens of beers on tap. When tackling a brewery, it is best to go for a flight and try out four different beers to see what you prefer. The list of beers can be intimidating and the options of ones on tap change every now and then, but the staff is accommodating and helpful to find the right beer for you.
Recommended: Pluff Mud Porter, Chucktown Follicle Brown, Socks With Sandals, Brown Chicken Brown Cow.
4155 Dorchester Rd North Charleston, SC 29405
The best pizza around: <a href="https://dowoodyspizza.com/">Woody’s Pizza</a>
Located a block away from Folly Beach, you would not expect a place like this to have the best pizza in Charleston. To me, pizza is one of the main food groups and I have searched everywhere to find the best. So every time someone asks me for a recommendation, Woody's is always my answer. They have signature pizzas or you can create your own and their sizes go up to 18 inches! The sauce is savory and the cheese is fresh and flavorful. One of the main things that put this place above the rest is their dispenser at the end of the table....full of honey. I know, I turned my nose at the thought of honey on my pizza, but it is life-changing. You will not want any other pizza after having Woody's.
Recommended: Any of their pizza’s as long as it has steak and honey on it
39 Center St, Folly Beach, SC 294392018-03-06T09:15:00-07:002022-09-28T00:33:19-07:00Cory Towlertag:jeffcookrealestate.com,2012-09-20:6032Fast Cash for Your Home! The reason for a homeowner wanting to sell their home is typically one of three things: (1) They are moving out of the area, (2) they are upsizing because their family is growing, or (3) they are downsizing their empty nest for retirement.
Occasionally there is an extreme circumstance where a homeowner needs to <a href="https://www.jeffcookrealestate.com/blog/scrambling-to-sell/">sell their home fast</a>. He or she might be behind on payments but trying to <a href="https://www.hud.gov/topics/avoiding_foreclosure">avoid foreclosure</a> to save their credit or might already be in foreclosure. The homeowner might be relocating because of a job or PCSing to another military base. Or perhaps they just inherited the house through an estate but don’t live in the area or want to offload the house.
Whatever the reason, selling a house in these conditions can be a headache or a hassle in more ways than one. You have to worry about possible repairs, keep your house clean for showings, and deal with a long wait till closing while the buyer goes through financing, along with an inspection and appraisal. The process can be even more difficult if you are trying to buy another home at the same time or are trying to sell the house from afar. This is where our <a href="https://www.jeffcookrealestate.com/sellers/jeff-cook-offers/">immediate buyout program</a> comes into play.
We have a sister company called <a href="https://www.jeffcookrealestate.com/sellers/jeff-cook-offers/">Jeff Cook Offers </a>that specializes in being the solution for homeowners who need to sell their house fast. Jeff Cook Offers can buy homes as-is for cash and with a quick closing. Are you in need of an immediate buyout? Get the service you deserve from the people you can trust. Call us today at 855-HEY-JEFF.2018-01-08T09:19:00-07:002021-08-30T12:34:42-07:00Thomas "Jeff" Cooktag:jeffcookrealestate.com,2012-09-20:5987Who is Jeff Cook?
Who is Jeff Cook? The man who, after being <a href="https://www.jeffcookrealestate.com/blog/how-do-you-get-laid-off-for-making-too-many-sales/">laid off from Corporate America</a> for making too many sales, set out to create a company with such a family-oriented culture that celebrates success and hard work. Starting from just one person in 2003, <a data-cke-saved-href="http://www.facebook.com/jeffcookrealestate" href="http://www.facebook.com/jeffcookrealestate" rel="nofollow">Jeff Cook Real Estate</a> is now located in 3 regions of SC, has 7 offices, 100 sales agents and 30 administrative staff members.
Along with creating a supportive and culture-driven company, Jeff Cook took to <a href="https://www.jeffcookrealestate.com/blog/what-is-the-jeff-cook-experience/">redefining how real estate is bought and sold</a>. He created a marketing plan unlike any other that has proven time and time again that it really does work. The Jeff Cook Real Estate Way can close a home 30 days faster and can get you $3,000 back in your pocket.
2017 has been a great year of growth and success for Jeff Cook Real Estate. After breaking a personal record of servicing over 750 families in Charleston in 2016, we will have helped over 1,000 families buy and sell homes in 2017. We were ranked the #27th team in the nation by Real Trends, and have remained #1 in South Carolina. With the ranking of #1 in the state, Jeff has taken action to truly serve all of South Carolina, starting with new offices in <a data-cke-saved-href="http://www.facebook.com/jeffcookrealestatecolumbia" href="http://www.facebook.com/jeffcookrealestatecolumbia" rel="nofollow">Columbia</a> and <a data-cke-saved-href="http://www.facebook.com/jeffcookrealestategreenville" href="http://www.facebook.com/jeffcookrealestategreenville" rel="nofollow">Greenville</a>. Plus, we gave back over $89,000 to the community thanks to our One Percent for Good program which puts 1% off the top of every commission check into a special savings account for sponsorships and charities.
Our Columbia office at 602 E. Main Street in Lexington will be managed by Kris Ancone and can house 20 agents. Our <a href="https://www.jeffcookrealestate.com/blog/get-to-know-our-greenville-agents/">Greenville </a><a href="https://www.jeffcookrealestate.com/blog/get-to-know-our-greenville-agents/">office</a> at 30 Orchard Park near Haywood Mall will be managed by Drew Warfuel and can house 40 agents. The updated space will also include a large meeting room fit for training sessions and continuing education.
We are aiming to service 1,500 families in 2018 and we are looking for 10 superstar agents to help us meet our goal. Are you looking to get into real estate? Visit <a data-cke-saved-href="http://www.joinjcre.com" href="http://www.joinjcre.com" rel="nofollow">www.JoinJCRE.com</a> to learn more about how to join our team!2017-12-31T12:35:00-07:002022-09-27T04:53:00-07:00Cory Towler