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5 Questions Buyers Have During the Coronavirus Outbreak Answered

 

Everyone is being affected in some manner by the outbreak of Covid-19 coronavirus. During this time, buyers will have more questions than normal about the home buying process and their ability to buy a new home. While we can’t predict what the next few weeks and months will bring, the more we can educate ourselves, the better we can help buyers navigate the buying process smoothly during the pandemic. Here are a few common buyer questions as they related to the Coronavirus outbreak and real estate answered.

1. Can we still go see home listings in person? 

This is the hardest question to answer and it will depend on the home, the seller, the agent and any fast-changing governmental policies put in place. Agents should be able to offer a Skype or Face Time home tour virtually. Talk to your agent to find out what they have available for the buyers to prescreen the home virtually before setting up the visit; they might have virtual tours already available which can help rule out those that don’t suit their needs.

2. How can I stay safe while visiting homes?

Everyone’s health has to be the priority; this includes the buyers, sellers, and agents. If you are going to see a home in person during this time, carry hand sanitizer and wipes to use before, during and after the tour. Drive separately from your agent meet at the homes. During the tour, designate one
person to open doors, drawers, and closets and use disposable gloves during the showing.

3. What happens if I lose my job during the escrow period?

Most real estate contracts include a contingency that protects the buyer in the event they can’t get final loan approval and close the loan. Typically during the process, this contingency is removed after a set time frame, or after receiving the loan approval. Since every aspect of real estate is negotiable, consider asking for the contingency deadline to be extended and in place until the close; talk through this aspect with the seller and their agent in advance to set the right expectation.

4. Will I still have access to the home during the escrow period? 

It’s very common for the buyer to have easy access to the home during the escrow period; home inspections, appraisals and just measuring are all common reasons to visit the home during escrow. Consider grouping these activities whenever possible.

5. Will I get a better deal if I wait to buy a new home? 

We all know there’s no crystal ball, but with everything that’s going on, sellers on the market should be very motivated
to sell. There are also historically low-interest rates on home loans. There is no way to predict the future, so if the right home comes along, it makes sense to consider it.

The Covid-19 outbreak is causing some uncertainty among home buyers, sellers, and even agents. However, with the use of technology and following best practices, you can still find the home you’ve been waiting for during this time.

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Answering 5 Questions Sellers Have about the Market during the Coronavirus Outbreak

There are so many questions and concerns amid the Covid-19 coronavirus outbreak. The real estate market is especially hard hit and sellers are concerned. Real estate at its core is a people business. It relies on person-to-person interaction and the coronavirus necessarily limits this contact. As the summer selling season begins, home sellers may  have questions, and it’s important to our agents to acknowledge concerns and offer practical advice and concrete information to help sellers make the best decision for themselves and their families.

  1. Should I still try and sell my home?

    Of course, there are many aspects to this question. First and foremost, the health concerns of the sellers’ family have to be taken into consideration. Unless absolutely necessary, the elderly and those with underlying health issues should not allow unnecessary people into their homes; including buyers and agents. If the household is essentially healthy and not considered high-risk, then this could be a great time to sell. Consider the advantages of lower inventory coupled with low-interest rates; as listings become rarer, the remaining inventory will get more attention which could create better offers.

  2. Is it safe to have people through my home?

    This is certainly a concern, but there are practical steps you can take to ensure safer home showings.
  3. What can I do to protect my family during showings?

    Protect the home, family and visitors alike by taking the following precautions.
    Keep hand sanitizer at the front door to offer buyers and their agents when they enter the home.
    If there is a guest bathroom, keep disposable hand towels and soap for guests to use and make the request known to the showing agent.
    Offer disposable gloves for use with a receptacle for used gloves.
    Limit the showing days and hours so you can properly clean between showings.
    Have cleaning wipes handy.
    Request agents to wipe surfaces, door handles, and banisters which are touched during the showing.
    Ask your agent to offer virtual showings or host virtual open houses
  4. What happens if my buyer loses their job?

    Most real estate contracts include a contingency for the buyer loan approval and funding. Now more than ever, it’s critical to keep that contingency in place. In the unfortunate event the buyer loses their job or can no longer qualify for the loan during the contingency deadline, the parties cancel typically cancel the contract.

  5. Will I get a higher price if I wait to list my home?

    The truth is that no one knows. We don’t know how long or short the crisis will be, and we don’t know how the financial market will weather the outbreak. While this is a question the seller will ultimately need to decide, the old adage about a “bird in the hand” is important to remember.

The recent spring selling season was proven to have unique circumstances. Please contact us to learn more about the current outlook and opportunities in the  local market.

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North Myrtle Beach Vacation Home

Cherry Grove - North Myrtle Beach SC Vacation Homes

North Myrtle Beach Vacation Home | Investment Property

New listing 8 bedrooms | Cherry Grove

A summer vacation place for the whole family. Eight bedrooms with swimming pool right on the marsh of Cherry Grove. An investment with excellent rentals and a gathering place for the whole family. – See North Myrtle Beach Vacation Home Listing Here.

About Cherry Grove:

You’ll find waterfront vacation homes along the creeks  and channels of Cherry Grove Inlet in North Myrtle Beach, South Carolina. Cherry Grove’s scenic salt marshes are home to colorful and fascinating wildlife. Many of our vacation homes are situated along channels that connect to the meandering creeks of the inlet’s salt marsh. Relax on the deck of your channel home and watch the pelicans and egrets dive for food.

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New Barefoot Resort Home Listing

Brookstone BRBarefoot Resort | Brookstone Section

North Myrtle Beach Real Estate.

Lovely home listing located in the Brookstone section of Barefoot Resort.

This 3BR/2BA home has a 4′ garage extension with a roll up screen offering additional uses. Split floor plan with 10′ smooth ceilings, 42″ cabinets, stainless steel appliances, crown moulding, etc.

Master bath has double sink vanity along with tub and separate shower.

Private backyard setting to enjoy the large screened porch.

A golf membership can be transferred for a fee and the Barefoot amenities are awesome – Residence Club with pool, fitness center, clubhouse, tennis & basketball courts.

Oceanfront beach cabana with shuttle service and gated parking.

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Internet Marketing Improves Myrtle Beach Real Estate Sales

White-Logo-c21-70CENTURY 21 Coastal Lifestyles Increases Myrtle Beach Area Sales

CENTURY 21 Coastal Lifestyles has successfully represented buyers and sellers in the Myrtle Beach Area for over 42 years. Our knowledge, expertise, and total commitment to your goals drive a selling process that runs smoothly and achieves success.

With 89% of home buyers use the internet to search for a new home, and among buyers who used the Internet to search for homes, 43 % found the home purchased through the Internet.

Century 21 Corporate Internet Marketing Services.

The internet is the place to be and century21.com is there!

Century 21 is the most recognized brand in real estate today with more signs in lawns and more visitors to our corporate Century 21 website. We get your property noticed.

More than 3 million visitors come to our site every month. Your home will get a tremendous amount of exposure and your listing will include detailed information about the property and the Myrtle Beach Area surrounding community.

Our state-of-the-art Web site delivers the information that homebuyers and sellers need to make informed decisions about properties, schools and neighborhoods – quickly and with fewer clicks.

In addition, Century 21 creates your own personal property website and distributes your property website to over 200 syndicated real estate websites including Realtor.com and Trulia.com for enhanced exposure.

Century 21 Coastal Lifestyles Internet Services

Century 21 Coastal Lifestyles augments our extensive corporate internet marketing services with our own dedicated Local Myrtle Beach Internet Marketing Team that web masters our Century 21 Coastal Lifestyles company website updated with the latest featured Century 21 Coastal Lifestyles listings, new listings, social media, and current local Myrtle Beach real estate news.

Our Myrtle Beach Real Estate Marketing Team deploys the latest search engine optimizations strategies -both on the mobile web and the world wide web – to continuously keep your web search results above our competition.

When marketing real estate it is important to reach homebuyers where they are spending the most time. Today people spend far more time on social networks than they do looking at listings in the local newspaper.

Our Internet Marketing Team creates daily posts to our Popular Social Media Pages keeping our name and your property listing top of mind as well as shareable on Facebook, Pinterest,Twitter, and Google+.

People are accessing property websites via their mobile devices more than ever before, especially in transient areas like our own Myrtle Beach.

To meet that demand have built and manage a mobile responsive website that is easily searchable on iPads, Tablets, and Smartphones.

We list our company on local mobile directories like Foursquare, Mapquest, CityGrid, YellowPages.com, Yellow Book, Yelp, CityVoter, and over 40 other popular mobile directories to get our website more exposure and
property search requests.

Century 21 Coastal Lifestyles adopts and utilizes the latest technologies to better sell your Myrtle Beach Area property.

CENTURY 21 Coastal Lifestyles has successfully represented buyers and sellers in the Myrtle Beach Real Estate Area for over 42 years. Our knowledge, expertise, and total commitment to your goals drive a selling process that runs smoothly and achieves success.

Click here to see Century 21 Coastal Lifestyles Real Estate Listings.

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Ocean Keyes Vacation Condo for Sale

ocean keyes 2 bedNorth Myrtle Beach Vacation Condo

Ocean Keyes is an upscale gated community located in North Myrtle Beach which is just a short walk or golf cart ride to the Atlantic Ocean and beach.

This fully furnished 2 bedroom, 2 bath Hatteras unit is beautifully decorated and is on the first floor with a full view of the pool area, and exceptionally landscaped surroundings.

This property will be wonderful for full time living, a vacation getaway, or rental investment .

Just minutes away from major Super Markets, Malls, golf courses, and attractions to keep you busy and entertained.

Don’t miss the opportunity to see this unit and take advantage of the low price and today’s low interest rates.

Note: Large Palm Tree in Living Room and fold-up bed in Master Closet does not convey.

 

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North Myrtle Beach Condo Listing Ocean Keyes

oceankeyesNorth Myrtle Beach Condo Listing | Ocean Keyes

Impressive 4th floor corner villa in popular Ocean Keyes.
This condo has never been rented and shows like a dream.
Many upgrades including granite counters, recessed lighting, tray ceiling in master suite, and raised vanities.
This gated community has all the amenities you could ask for with multiple pools, workout facilities, tennis courts and easy access to some of the most beautiful beaches in the area.
Great North Myrtle Beach property to buy for primary residency, second home, or vacation rental.
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North Myrtle Beach Area Listing

Waterfall HomeNorth Myrtle Beach Area Listing

Waterfall Gated Community

Fantastic home with many upgrades. Hurricane and UV protection on all windows that do not have plantation shutters. Oversize 2 car garage, security system, gas log fireplace, kitchen features upgraded Stainless Steel Appliances, granite counter tops and tile backs plash. Screened porch with a great view of the lake with two additional patios. Open floor plan with vaulted ceilings with palladium windows and transoms. Carolina Room opens to a screened porch which overlooks the lake. Fenced in yard with 2 patios makes for excellent entertainment areas. Travertine tile throughout the house with the exception of the bedrooms. Master Bedroom is massive with its own sitting area with his and her walk-in closets. Master Bath has a whirlpool tub, upgraded shower and vanity areas. Bonus room can be used as an extra bedroom or Study. This home is located close to shopping, dining, the ocean, and numerous attractions to include the new North Myrtle Beach Sports Complex.
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North Myrtle Beach Vacation Investment Property

NMB Vacation HomeNorth Myrtle Beach Vacation Investment Property

FALL IN LOVE with this large 2600 heated square foot pristine beach cottage just a few blocks to the Grand Strand. It features living area with fireplace, great room with dining, eat in kitchen, four bedrooms and three baths. This home sleeps 16 AND includes your own pool within the fenced back yard. This home is nicer than your normal cottage and you must look inside to appreciate its charm!