If you purchased Hilton Head Property in 2013 or 2014, and the value established by the County exceeds your purchase price, you may have a basis for an appeal.  In and around August of the year after you purchased your property, you most likely received a notice stating the assessed value of your purchase.   Many ignore the notice and miss the ninety day window to appeal. Good News! You still can appeal and if successful you can enjoy savings. Read the rest of this entry

Ever wondered what your Hilton Head Property is worth now?  Want to know where to start looking?

Whether you’re just curious or are eager to find a competitive listing price, using the best resources to find your property’s value is crucial.

Today, we’re going to be talking about two types of property evaluation tools: neighborhood sold reports and comparative market analyses.

Comparing Your Property with the Neighbor’s

A neighborhood sold report is a detailed list of homes that have recently sold in your area. These are the reports you receive in the mail.  They include information about the square footage, number of bedrooms and bathrooms, address, neighborhood, and, of course, the sold price.

Since sales prices are determined in part by your property’s location, as well as a neighborhood’s housing supply and demand, honing in on your own neighborhood real estate market is the best way to determine what the housing market is doing and how it can affect your listing price.

How much did your neighbor receive for his 4-bedroom, 3-bathroom house down the street? Is your listing price thousands of dollars more?

If your property is priced too high, you’ll know immediately by looking at the comparisons in the neighborhood sold report. It’s better to learn sooner rather than later, when your property is on the market and you’re feeling frustrated by the lack of buyer interest. The same goes with pricing your property too low.

Your Home’s Value in Today’s Market

A comparative market analysis, often called a CMA, is a fantastic tool to help you determine your home’s value. This report can include anything relevant about the current real estate market in your area, such as:

• recent neighborhood home sales
• withdrawn home listing prices
• unique property features

The important distinction between neighborhood sold reports and comparative market analyses is that the CMAs are more detailed, and can take into account any home improvements or unique property features that buyers would be more interested in (and therefore, would pay more for).

The bottom line: CMAs help you find that sweet, sweet selling price that’s fair to you but still attracts potential home buyers.

Don’t Settle for Estimates

If you’re serious about selling your Hilton Head property, the market value of your property is what you’re after. Don’t settle for estimates based on the mailings you receive as this is often outdated information and does not take into account your properties unique features.

You’ll want to do considerable research on the current state of your local real estate market to help you determine the best listing price for your property. If you need help along the way, our real estate experts at Hilton Head Properties are always happy to offer assistance.

Sell Your Property with Our Real Estate Experts

We offer both a neighborhood sold report and a comparative market analysis, and we can work with you to determine the best price for your property. And if you’re eager to get the results you’re looking for in your property sale, list your property with our dedicated real estate team.

Contact us today to get started!  Our phone number is (843)785-7111 or please email us at info@hiltonheadproperties.biz.  Thank you.

Before you start your Hilton Head property search, you want to know how much you can afford, right?  There are two ways to do this: with a mortgage pre-qualification and a mortgage pre-approval. As a Hilton Head buyer, the pre-approval is more valuable to you during your property search.  Here’s why.

How Pre-Approvals Help Hilton Head Buyers

One of the main differences between mortgage pre-qualification and mortgage pre-approval is how the lender gives you the mortgage amount.

For pre-qualification, you give the mortgage lender your general financial history (including debts and income), and the lender gives you a mortgage estimate. For pre-approval, the lender digs deep into your credit report and gives you the exact loan amount.

If you’re choosing between getting pre-qualified for a home mortgage and getting pre-approved, choose to get pre-approved. Here are the top three reasons why:

3. Shop for Hilton Head Real Estate with a check in your pocket!

There are no estimates in a pre-approval. The lender has looked into your credit history and you’ve given the required documentation to go through with the pre-approval process.  A mortgage pre-approval is not a commitment to the loan, but it paves the way to transition into applying for a specific property — your dream home in your price range.

2.  You Can Narrow Your Hilton Head Property Search

Searching through online listings can be tedious.  How do you narrow down your Hilton Head Property search and eliminate properties that don’t work?

When you’re pre-approved, you’ll know exactly what you can afford, and you can tailor your property search around the mortgage amount. Now you can easily search through the listings with confidence and knowledge on what you can afford.

1. Hilton Head Sellers Will Take Your Offer Seriously

Hilton Head sellers like to see that you’re pre-approved — it tells them that you’re serious about buying their property.  In fact, when you’re competing with other buyers to make the best offer on your dream property, being pre-approved will give you the competitive edge over buyers who are not.

We’re Your Hilton Head Real Estate Experts

If you want more information about the mortgage pre-approval process or about finding the perfect property that fits your lifestyle, contact us today and we can get started. We’d be happy to answer any questions you have about the mortgage pre-approval process in the Hilton Head Area.

The post Top 3 Reasons to Get Pre-Approved for a Mortgage appeared first on Dakno Blog.