Myrtle Beach Real Estate Information Archive

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Does For Sale By Owner Work in Myrtle Beach?

by Jerry Pinkas

For Sale by Owner in Myrtle Beach

Thinking of selling your home? Have you ever thought about doing For Sale By Owner? If so, today’s blog post is for you! Now, what does “For Sale By Owner” mean you ask? Well, pretty much exactly what it says. It means that you, as the owner of the home, are doing every part of the home selling process – pretty much everything that an experienced real estate agent would do if you were to hire them on. And while it is an option for couples and families, we tend to think that nothing trumps having an experienced and knowledgeable real estate agent by your side to help you avoid the pitfalls that can be costly. 

Now we are not going to be all one-sided and tell you that everything about listing and selling your house on your own is all bad, as there are some potential perks that can arise from the situation. But more times than not those perks do not outweigh having an experienced, dedicated and hardworking real estate agent in your corner. So we are going to be touching on both the perks and the downfalls of selling your house on your own so you are able to make an informed decision on if it is something you are considering for you and your family. 

For sale by owner North Myrtle Beach SC

What are the perks of doing For Sale By Owner?

Now, while there are many more reasons why For Sale By Owner is not the best route to take when selling your home, there are some aspects that are appealing to sellers. One of the top reasons is that you make more money from the sale of the home because you do not have to pay to bring on a real estate agent. And depending on the value of your home, you could end up pocketing thousands, possibly even tens of thousands of dollars, by saving on the commission of an agent. This in fact, as we mentioned earlier, is the biggest reason why homeowners attempt to sell their home on their own. But as we will touch on a bit later, you are also opening yourself up to some risks and downsides that may not be worth the money that you could potentially pocket. But more on that later.

The next perk of selling your home yourself is that you have complete control over the process and the sale. This means that you can make your own opinions about how you want to market the home, what price you will list the home at, how you choose to negotiate with potential buyers, how you prepare and stage the home for showings, etc. What we are trying to say here is that all the decisions that encompass the home selling process are in your hands. And while this may sound wonderful, it can also be met with some trial and error, wasted time and money, and a whole lot of frustration. Just something to keep in mind if you are new to the real estate world and have not listed/tried to sell a home before.

Owner financing homes in North Myrtle Beach SC

The final perk that we have for you today when it comes to For Sale By Owner is that you are able to dedicate all your time and put your full attention into selling your home. If you were to hire a real estate agent, and if they are a good one, most likely they will have other clients and other listings to keep their eyes on. If you are choosing to sell your home yourself, you obviously would not have many other distractions, especially the sale of another home, to worry about. But on that same note, if you had a realtor in your corner, while they have other clients they need to assist, they are also working/thinking/breathing real estate every moment of the day. So in this case, while you don’t have other distractions in terms of other listings, you may have to think about your 9-5 job, take the dog to the vet, go grocery shopping, take the kids to soccer practice, and the other millions of daily tasks that consume our everyday life. So, yes, while it seems nice and practical for you to have your eyes on your house listing 24/7, do you really have the time to keep your eyes on your house listing 24/7? Just something to think about… 

Myrtle Beach rent to own homes

What are the disadvantages of doing For Sale By Owner?

Now that we have covered some potential benefits of selling your home on your own, it is time to drill down into the nitty-gritty of some of the disadvantage of taking this route to sell your home. The first disadvantage we wanted to highlight is that there may not be as much financial benefit as you may think. It is true, you do not have to pay the fees and commissions to a real estate agent, but what many people do not stop to think about is the fact that you may not obtain as high a selling price for your home as you would if you were working with an experienced real estate professional, which ends up being a downside for you in the end.

One of the biggest mistakes people make when selling their home themselves is not pricing the house right. And the two main factors that we have seen in which determine a home sale are 1.) price, and 2.) marketing. Now a respected and established real estate agent will know how to price your house competitively and market your house correctly based on neighborhood data for the area, which in turn will attract the right, qualified buyers and make you the most money. Your real estate agent will also be able to negotiate on your behalf to ensure that you are getting the best deal.

for sale by owner Myrtle Beach SC

Another aspect to take into consideration is that marketing a home is not an easy thing to do, especially if you are starting behind the curve with not having an established network to work from. Good marketing of a home ensures that your listing is being seen and noticed by buyers that could potentially be a good fit for your home and everything the area has to offer. It is one thing to post a listing online – anyone can do that – it is a whole different ball game to make sure the listing stands out and is seen by the right audience. Also, you will need to qualify the buyer, which many people that are not real estate agents have a hard time doing. An example of this would be knowing the difference between if a buyer is pre-qualified or pre-approved. Do you know and understand the difference between the two? If not, check out a previous blog post here.

The last aspect we are going to talk about today surrounds researching your area and the laws that are in place. Every area has its own set of regulations and laws surrounding selling a home, and you need to read up and make sure that as a seller you have all the necessary paperwork for making a legal real estate transaction. We can’t stress enough to you how important this is and, while it can be frustrating and time-consuming, it is a vital step if you are wanting to do For Sale By Owner.  A big perk in hiring a professional real estate agent is that they know all of this information and conduct this type of business working every day. Taking the worries out of the process for you!

Benefits of using a professional real estate agent

Does For Sale By Owner really work?

As you can tell from the information above, selling a home is hard work. We are not saying it can’t be done on your own, but you are more likely to have a better experience and get more money for your home if you are to work with an experienced real estate agent in your area. And that is where we come in! Here at Jerry Pinkas Real Estate Experts we have a wonderful team of experienced and knowledgeable real estate agents that are here to help you during the home selling process. We actually have an entire team that is solely dedicated to the home selling process, so you can rest assured that they know what they are talking about. This is what we do, we do it every day and we are good at it. Let one of our real estate agents work with you and for you to sell your home quickly and for top dollar. We look forward to working with you soon!


You have questions, we have answers. Give us a call at 843-839-9870.  

We add new videos each week to our YouTube Channel. discussing all types of topics surrounding the Myrtle Beach real estate market and community. Subscribe today!

IF YOU'RE CONSIDERING A HOME SALE, START WITH A FREE HOME ANALYSIS HERE

 

Best Realtor in Myrtle Beach


Why pick average, when you can have an expert?

Give us a call 843-839-9870

How to Find the Best Realtors in Myrtle Beach, SC

by Jerry Pinkas

Myrtle Beach Real Estate Listings

 

 

 

 

 

 

 

 

 

 

 

 

So the time has come to purchase a home. Whether you are a first time home buyer or are a seasoned pro purchasing your fourth rental property, the home buying process is a fun time filled with excitement, optimism, anticipation and yes, even some nerves (the good kind!). Part of ensuring that you have a good experience is making sure that you have a knowledgeable and reputable real estate agent by your side from start to finish. And as you may have guessed, that is exactly where our blog post is going to take us today. We are going to be talking about how to find the best realtors when looking to buy a house in sunny Myrtle Beach, SC, and how to avoid the pitfalls that can prove to be frustrating, time-consuming and costly for you and your family.

 

What questions should I ask a realtor before I feel comfortable hiring them on?

One of the main ways to be fully confident in the real estate agent you hire on to help you purchase a home is to ask a few questions upfront. You can think of these as interview questions because you are, essentially, interviewing the agent to represent you and your best interests during this process. So do not feel bad if the agent gives you an answer you don’t like – they are just saving you from potential frustration and let down in the future if you were to go with them. As you keep reading below, we have outlined a few important questions to ask your potential real estate agent prior to bringing them on board. These questions will hopefully help you decipher which agent is best suited to meet your needs.

Real estate companies in Myrtle Beach SC

-Do you have any references?

This is arguably one of the most important questions to ask your potential real estate agent. Being able to see and read about the experiences that past customers had can be such an eye opener. Now, don’t get us wrong, we understand that people can leave poor reviews over something minor or if a misunderstanding occurred. But if there is an overwhelming amount of people that did not have a good experience, or if they are cautioning others not to use the agent, then maybe you want to dig into things a little deeper. It is also important to understand that while people may feel inclined to leave a good comment, not everyone who has a good experience will take the time to post a comment. They simply go on with their lives. But more times than not, if you have a bad experience at a restaurant or other establishment what is the first thing many people do? They go online and leave a bad review. So you can trust that if a real estate agent has a poor rating that you may want to think twice about having them represent you in such a large purchase.

North Myrtle Beach Real Estate Agents

-What is your schedule and availability?

We understand that everyone is busy. And more times than not, a busy real estate agent is a good real estate agent because they have returning clients, referrals or just a lot of new business coming their way. But no matter how many other clients a real estate agent has, at the end of the day they should always make you feel like you are most important. So asking this question and getting the reassurance that while yes they are busy, they give you the impression that they will always be available to take your calls, answer your questions and be there when you need them. If they do not give you that reassurance and make you feel like you are just a number to them, then you may want to keep searching.

Top Myrtle Beach Realtors

-What percentage of your business is working with home buyers?

This is another very important question to bring up when looking to find the best realtor in Myrtle Beach, SC. The reason we think this is so important is that here at Jerry Pinkas Real Estate Experts, our expert team of buyer agents are solely focused on helping buyers find and purchase the home of their dreams. We have two separate teams, one solely dedicated to helping people sell their homes and another team solely dedicated to helping people find and purchase their next home. Why do we do things this way? We feel that allowing our agents to focus and perfect their craft of the buying or selling process allows them to better serve our clients.

You can feel confident and secure knowing that your buying agent from Jerry Pinkas Realty walks, breathes and lives this. Any question you have or any issue that may arise will be tackled with knowledge, honesty and with the best intention for our clients in mind. We think this is so important when it comes to finding good real estate agents. And we know that not everyone does it this way, there are agents out there that conduct both the selling and buying side of the business. But we feel that this way allows us to better serve our clients and give them the best possible buying experience. 

Myrtle Beach Real Estate for Sale

-How many homes did you help buyers close in the past year?

You also want to be sure to ask how many buyers that the agent helped close a house for in the past year. Why is this important you ask? Well, you want to be sure to understand not only how many clients they were hired on to help, but how many clients they successfully helped to find their dream home. Because there is a big difference between ‘working’ with individuals, couples, and families to purchase a home, and actually having it happen. You essentially are asking for their success rate in the previous year. If they only helped one client close on a house last year, you may want to think twice about bringing them on to help you.

What are the advantages of going with Jerry Pinkas Realty if I am looking to buy in the Myrtle Beach, SC area?

By now we hope that you understand a little more of what to look for in a real estate agent when buying a home in Myrtle Beach, SC. Maybe you are a buyer and do not know the area very well and need a team behind you who is well versed in the different neighborhoods, style of homes and amenities available. Or maybe you know the area and you have signed up for email alerts from numerous real estate agents around town and can’t seem to figure out who is the best choice to go with. Regardless, here at Jerry Pinkas Real Estate Experts we know what questions you should be asking because we have helped numerous people find their dream home, and we know we can do the same for you. Why have average when you can have the best? We are on your team; we are working for you. We work solely, and without exception, in the best interest of the buyer. So give us a call today and let us work with you to find your dream home in beautiful Myrtle Beach, SC. We look forward to hearing from you soon!

 

You have questions, we have answers. Give us a call at 843-839-9870.  

We add new videos each week to our YouTube Channel. discussing all types of topics surrounding the Myrtle Beach real estate market and community. Subscribe today!

SEARCH MYRTLE BEACH RENTAL PROPERTIES HERE

 

Best Realtor in Myrtle Beach


Why pick average, when you can have an expert?

Give us a call 843-839-9870

What is a Condotel in Myrtle Beach?

by Jerry Pinkas

 

Condotels Myrtle Beach for sale

If you are looking to purchase a condo in Myrtle Beach, SC you may have spent countless hours online doing research, looking at different properties and trying to decide what the best option is for you and your family. But while starting the search online may seem like a good idea, many people are misguided and have the misconception that all condos are the same. I mean, what can be different? It’s just a condo, right? Wrong! There are in fact different subcategories for specific condo units, subdivisions, complexes and resorts, and it is important to understand the differences so you can make an informed decision on what is the best fit based on what you are looking for. In today’s post, we are going to be talking specifically about condotel’s – what they are, what are some pros and cons of these specific types of units and the best route to take if in the end, you find yourself looking to purchase one. We hope today’s post clarifies some of the misconceptions and differences in condotel’s and traditional condo units to better help you make decisions today, or in the future down the road as you begin your search

 

What is a condotel?

It is so important to understand exactly what a condotel is because you may find yourself looking online at a unit, which just so happens to be a condotel, but the description may not come out and say that exact phrase. So understanding the qualities and characteristics of a condotel will help to better equip you when conducting research. A condotel essentially is a condo that can be rented either by the night, the week, the month or multiple months, and is similar to that of a resort as the building has a front desk where people can walk up to book or rent a unit. It is similar to a hotel in that many times the building actually looks like a hotel, but each individual unit is actually individually owned. Now the owner obviously gets a split of the nightly rate that is charged by the front desk, but the owner does not necessarily have to be involved in the booking process. Which is an ideal situation for anyone living out of state, travels for work or someone who simply would rather not take on the burden of personally dealing with the rental process. 

The front desk will usually also take care of all the cleaning for the unit including washing towels and linens, as well as any maintenance that pops up from time to time. And at the end of each month, the owner will get a statement showing how many nights the unit was rented during that time period and a check for their split of the rental income. Condotel’s work especially well in resort areas because they usually are located in popular vacation destinations and have a pretty consistent flow of people looking to rent units. And if the unit happens to be Oceanfront, that unit will not only be more appealing to renters, but you usually can also charge a premium for the desired location.

 

What are the pros of purchasing a condotel?

There are a few pros of purchasing a condotel that we wanted to point out in today’s post. First, as we touched on above, the front desk allows the rental process to be smoother, more efficient and less stressful. Also, that rental income you receive will help to offset costs of the unit on a monthly basis, such as your mortgage, rest estate taxes, homeowner’s association fees, etc. And if you have enough rental income each month to cover all your expenses on the unit and you live out of state, you have a second home in beautiful, sunny Myrtle Beach, SC that is being paid for by renters. Now that is a pretty sweet deal!


Myrtle Beach investment opportunities

What are the cons of purchasing a condotel?

And as with all pros, there are always usually a con or two mixed into the equation. As we talked about above, you may have a unit that is covered financially each month by renters. But, on the flip side of that pro, you may also find yourself having to book your time in your unit in advance. If the front desk or rental company rents out the unit during the time you were thinking of going, it can create some complications. So it is always good to plan your trips to your unit as much in advance as possible and give notice so there is a block and it is not rented out during that time. 

And on that same note, if you are wanting to maximize your rental income through the unit, you should try to book your stay at the unit during the slow/off-season as to not take away from the income during the peak season. You also may find it difficult to find a lender for a condotel, as most major banks will not finance these units. Luckily, we know some lenders around town that will work with you, and we can make those introductions as needed.

Myrtle Beach rental market

Are condotels a good investment in Myrtle Beach, SC?

If we are being honest, not all condotel’s are a good investment. The best units, obviously, are the ones who produce massive amounts of income on a monthly basis. And the truth is that there are some units in which we call alligators, that will end up eating you alive. Those are the bad/risky investments that we try to steer our clients away from. However, on the other hand, there are also condotel units in which are rental income machines and continue to produce high revenues for the homeowner’s week after week, month after month, and year after year.

That is why it is so important to have an experienced, knowledgeable realtor in your corner during the whole process. Our team here at Jerry Pinkas Real Esate Experts has been doing this a long time, we know the area, we know the comps and we know what to look for in units. Allowing us to help you identify which unit has potential and which to avoid like the plague is the best way to ensure that you not only have a good buying experience but also that you avoid the pitfalls that can be costly. Myrtle Beach, SC has numerous condotel units that are incredible and can be incredibly lucrative for you, but you have to know where to find them and what to look for. And that is where we come in.

Are Myrtle Beach condos a good investment

What should I do if I am interested in purchasing a condotel in Myrtle Beach, SC?

If you or someone you know is looking to purchase a condotel in Myrtle Beach, SC, give us a call today! Our experienced team here at Jerry Pinkas Real Estate Experts has helped numerous individuals, couples, families and even retirees find the perfect condotel, and we know we can do the same for you! We know there is a lot of information on the internet and while some of it is true, there is a lot of misleading information out there that people are consuming. Allow our team to sit down with you, dial into your needs and wants, show you properties and answer any questions that may arise. There is something to be said about having an experienced and knowledgeable real estate agent in your corner to give you the correct and accurate information you are seeking. We can help you avoid the pitfalls that can be costly, frustrating and extremely time-consuming. This is what we do, we do it every day and we are very good at it. We look forward to hearing from and working with you soon!

Sign-up for our preferred email listing reports and you will receive new homes to the market that meet your personal requirements!  Sign-up here!


Best Realtor in Myrtle Beach


Why pick average, when you can have an expert?

Give us a call 843-839-9870

Questions to Ask When Buying a Home

by Jerry Pinkas

 

Questions to ask seller when buying a house

 

 

 

 

 

 

 

 

 

 

 

 

The idea and process of buying a home can bring with it a mix of emotions. The excitement of a new chapter in a new home, the nerves of hoping you make the right decision, the confusion of real estate jargon and contracts – we have seen it all! And we are sure that whether this is your first time purchasing a home, or if you are a seasoned pro, there are bound to be questions along the way and topics that you may want clarity and more information on. Luckily, here at Jerry Pinkas Realt Estate Experts we have seen just about every situation you could think of unfolding, and are experienced professionals when it comes to everything real estate. We are here to answer any questions you have!

In today’s post, we are going to be talking about questions that you should be asking when buying a home. These are also questions that we get asked over and over again and surround topics that you should be knowledgeable about prior to starting the search for your new home. The information and questions below are things you should think about and be prepared for, as well as are the topics you should be talking about with your real estate agent to ensure you are on the same page before your journey begins.

 

Question one: How many homes should I see before I make up my mind on which one I want to purchase?

This is a very good question because, in today's day and age, you can view endless properties online via pictures, clips, virtual tours, etc. And while viewing these listings online is quite convenient, many times the information provided is not completely accurate and will not give you the overall picture of exactly what is going on with the property and the home itself. You want to be able to see and touch the home to really get a feel for what you would be purchasing. But back to the question on hand – we have seen people walk through two, three or four houses and end up finding the home of their dreams within one of those. And this may be a lower number than what we have seen in the past because, again, with the internet people are able to narrow down their area and neighborhood pretty precisely without leaving the comfort of their laptop. And once they see a few homes in their desired neighborhood they are able to narrow it down more quickly. But it is important to not get stuck on the ‘number’ of houses you see, but instead the quality of the homes, which one pulls at your heartstrings and checks off all your desired criteria.

Home Checklist Questions to ask when buying a home

 

 

 

 

 

 

 

 

Question two: How can I afford?

Now, this is something where you will want to actually sit with a lender and see what you qualify for prior to starting your search. If you are to start your home search before you know exactly what you can afford, you may end up falling in love with a home that is completely outside your budget, which leads to nothing but unnecessary heartbreak and frustration. You not only want to keep in mind how much the home is, but you also want to make sure to take into consideration how much the payments are on a monthly basis, along with taxes and insurance, to ensure that it is attainable for you and your family. Making sure you know exactly what all those numbers break down to is an important factor in you being comfortable and confident with your purchase, while also ensuring that you do not get yourself into a jam and struggle to make the payments each month.

The Home Buying Process

 

Question three: What do you think the seller will take?

Speaking from experience in our area, we see properties sell for within three percent of asking price. If the house is marketed correctly and competitively priced for the area, we see the homes not only go fast but also have multiple offers on the table. All of these factors allow the seller to be picky with which they choose to accept, and it is all relative to the area you are looking at. But in the end, it is really all unknown and unfortunately, we do not have a crystal ball to tell us exactly what offer the seller will take. Sometimes what you think is a good and fair offer will be outshone by another offer that comes in directly after you. 

Now it is important for us to point out here that we have seen some clients who find a house they love and want to put an offer in. They go into it with the mindset that they want to start off by presenting the seller with a low offer, assuming that they will come back with a counteroffer and the negotiations will begin, but they think starting low is the best strategic plan. And while the reasoning can make sense to some degree, we have also seen that type of thinking actually working against the client. 

You need to be sure to understand that going in with too low of an offer can actually offend the seller and cause them to have a bit of an attitude when dealing with you. It can also lead to the seller being so offended and insulted that they decline your offer altogether and do not make a counteroffer at all, and the deal is essentially off the table. Making and presenting offers can be a tricky balance, which is why working with an experienced and knowledgeable real estate agent is so crucial. Your real estate agent should know the comps in the area and the local market, and be able to guide you in the right direction when it comes to making an offer to get you the best deal, while also not insulting the seller.  

Questions to ask before making an offer on a house

 

 

 

 

 

 

 

 

Question four: How do I know that I am getting a good deal?

If you have a good agent on your side, they are going to be able to guide you on this matter. They will be able to tell you the comps in the area, the breakdown by the square footage, talk about all the different odds of how fast houses are selling, what the absorption rate is, how long the house has been on the market, and what the trend is year over year in the area. These are all things that can help you identify if you are getting a good deal on the house you are interested in. You can try to predict what the market will be ten years from now - are the houses going to be the same price they are today? And while there is no way to predict that far in advance with complete accuracy, a good real estate agent can help you make an educated decision based on past market trends. The days of going in and getting a house at a ridiculous price are gone, and it is important to keep that in mind during your search. 

Question five: How long does it take to close?

In our area, the average closing time takes about thirty to forty-five days, but we have seen cash buyers come in and close in as little as ten days. And just to be clear, there was a lot of hand-holding in that closing because we make sure that everything is done right to protect the best interest of our buyers, but it can (and has) been done if that is the situation you end up in. But for the average deal, we are seeing thirty to forty-five days for closings.

Questions to ask when touring an open house

 

 

 

 

 

 

 

 

What should I do if I am interested in purchasing a home in Myrtle Beach, SC?

No matter where you are in the country, the questions we talked about above come up all the time. And we wanted to bring you the information that many people are looking for, and also the information that many people may not know they need. We want to make sure that you get the best deal when you are looking to purchase a home. So if you are looking to purchase a home, give our team a call today! This is what we do, we do it every day, and we are very good at it. Allow our experienced team members here at Jerry Pinkas Real Estate Experts to guide you and help you find your dream home in the Myrtle Beach, SC area. We have helped so many individuals, couples, families, and retirees find their perfect home to settle into, and we know we can do the same for you. We look forward to working with you soon!

Start your home search by viewing all homes available in our MLS here.

Sign-up for our preferred email listing reports and you will receive new homes to the market that meet your personal requirements!  Sign-up here!


Best Realtor in Myrtle Beach


Why pick average, when you can have an expert?

Give us a call 843-839-9870

Best investment property in Myrtle Beach

Have you been toying with the idea of purchasing a rental property in Myrtle Beach, SC, but you are not sure if it is a good investment? Or maybe you currently own a rental property in the area and are looking for different ways to increase your income on a monthly basis. We see these scenarios quite frequently.

A question we get asked all the time here at Jerry Pinkas Real Estate Experts is, “Can you really make money with a second property or a condo on the beach?” And our answer is, simply put, absolutely YES! In today’s blog post we are going to be talking about different strategies and ways you can make money on these properties, or increase your revenue if you are currently renting the unit place out. We hope these tips and tricks help point you in the right direction with your rental property and allow you to start increasing your cash flow!  

How to increase your rental income

What are the perks of having a rental property?

As you can imagine, owning a rental property in Myrtle Beach, SC has many perks and advantages. The first one we want to talk about is what motivates most people and pushes them to make the investment. That’s right, we are talking about money. It is no secret that Myrtle Beach, SC is a great and very popular destination for many vacationers throughout the year. The stunning and glistening beaches of the Grand Strand attracts people from across the nation. Because of this, and if you are smart with marketing your unit, you should have no problem securing renters day after day, week after week and month after month. This leads to great rental income that goes right into your pocket.

And if you live out of state and are purchasing a rental property in Myrtle Beach, SC, it is like having other people pay for you to have a second home on the beach. The best part about having a rental property is that you get to set when you want the unit to be rented. And if you wake up one day and decide you want to take the family on a vacation to the beach, and you have had enough rental income to cover the costs of the place for that month, it is like your personal piece of paradise for free. Does it really get better than that? We think not. 

How can I maximize my rental income each month?

It is important to understand that there are multiple ways to make money with these rental units, and a lot of people are using these properties to create multiple streams of income for themselves and their families Now you may be asking yourself if it is possible to run a rental unit and still keep your nine to five. And we are happy to say that, yes, you can absolutely do both! So don’t go quitting your day job because it is very feasible for you to keep working and be generating additional money through your rental property in sunny Myrtle Beach, SC. 

We want you to expand your mind and think about this with us for a second, as there are multiple ways to acquire bookings and make the rental world work for you. And one of those ways is to put your unit on a rental program or website where the company rents it out by the night, by the week or by the month for you. And while this is great because it takes a lot of the work off your hands, you are also going to find yourself sharing a large part of your profits with that company. But lucky for you, we have others options!

There is another formula that can give you a greater return on your investment, and that is the Airbnb or VRBO (Vacation Rental By Owner) formula. With these options, while you are involved in the process a bit more as you are responsible for listing your property on these sites, it can be worth it for you monetarily in the end as you collect one hundred percent of the rental income that is generated. This will help with your bottom line and help put money directly into your pocket.

Myrtle Beach investment opportunities

Why are these sites a good idea for me to utilize?

Something to really think about when it comes to rental properties and sites such as Airbnb and VRBO is our location. As we touched on earlier, we are in an area where people vacation and are looking to rent all the time. We have cleaning people, we have plumbers and services like these readily available. When you are renting by the night, week or month, you are getting direct income that allows you to hire on people to do the dirty work for you in terms of cleaning and repairing the unit. We have many clients who are doing this as a second income and they are banking money month after month. They are coordinating all this on their phone via text, email, sending reservations back and forth, answering questions, etc. We even have clients that are doing this at work at their day job, and some that do it at nights or on the weekends. But just by coordinating everything yourself, you get one hundred percent of the money, which is a great way to generate income and greater returns on your investment.

Buying a condo in Myrtle Beach is it a good investment 2017?

How can I set my unit apart from other rentals in the area?

You may be asking yourself how you can acquire renters when there are other competing units, possibly in your same building, that are also listed on these sites. An aspect you may want to consider is something as simple as TV’s. What if all the units in your building had a 32-inch TV, but your unit had a 60-inch, flat screen TV. Would it cost you THAT much more money? Probably not. But would it set you apart and make your listing stand out from the other units? Definitely. With not that much of an investment, you can make a greater return. If someone is already set on staying in your area or condo building, they may be more inclined to pick the listing with the bigger TV or the better amenities. What we are trying to say here is that all the little things add up, so if you are able to make small improvements to your unit it could end up meaning more bookings, and therefore more profit. And again, all that money goes to your bottom line.

Buying a vacation home in Myrtle Beach SC

What should I do if I am interested in purchasing a rental property in the Myrtle Beach, SC area?

Hopefully, by now we were able to convey all the different ways in which your rental property can be successful and bring in money month over month. If you or someone you know is interested in purchasing a rental property in the Myrtle Beach, SC area, give our experienced team here at Jerry Pinkas Real Estate Experts a call today! And while you can search the internet endlessly for tips and tricks on how to not only find the perfect rental unit but also on how to bring in more money on your rental property, nothing beats sitting down with a professional. You need to be here so we can show you exactly how to maximize your rental income.

We are here to help. This is what we do, we do it every day and we are good at it. We have helped numerous individuals, couples, families and even retirees lock down their perfect rental property, and we know we can do the same for you. Why have ordinary when you can have the best? Give us a call today, we look forward to working with you soon!

 

You have questions, we have answers. Give us a call at 843-839-9870.  

We add new videos each week to our YouTube Channel. discussing all types of topics surrounding the Myrtle Beach real estate market and community. Subscribe today!

SEARCH MYRTLE BEACH RENTAL PROPERTIES HERE

 

Best Realtor in Myrtle Beach


Why pick average, when you can have an expert?

Give us a call 843-839-9870

Myrtle Beach Home Buying Tips

If you are looking to purchase a condo or house in the Myrtle Beach, SC area and are finding yourself constantly searching online for information, today’s blog post is for you! Sites such as Realtor and Zillow are popular web destinations for people looking to find neighborhoods, listings and price ranges on homes and condos, but you need to be cautious and keep things in mind when you are browsing the internet. In today’s post, we are going to be talking about things to look for, as well as things to avoid, when starting your home search.

Why is the internet not a great place to get all your information?

In today’s day and age, we all rely on the internet for, well, pretty much everything. You can buy clothing online, buy your groceries online and search for an answer to any question in seconds. And while the internet has proven to be a great asset in many ways, it can also prove to be a hindrance when it comes to buying a condo or home. It is important to note that the internet has the potential to display incorrect information and does not always answer all the questions that may arise during your searches. The only way to ensure you get all the answers to your pending questions is when you are sitting in front of one of our experienced team members here at Jerry Pinkas Realty.

It is really easy to get excited about beautiful pictures online of warm beaches, glistening water perfectly staged rooms and manicured lawns. Everything seems and looks new to you and your mind races with all the potential possibilities. You may find yourself on one of the popular real estate sites and/or be getting listing offers from hundreds of realtors from around the area. And honestly, all of that means nothing if you are getting fed the wrong information, or information that is not relevant to what you are looking for. You can be spammed with a ton of information that may make the home search seem overwhelming and out of reach. There are a lot of things that you want to stay away from, as well as things that you will want to consider, that are not necessarily readily available or easily outlined on the web. 

Rentals Myrtle Beach SC

Can you talk about a few real-life examples of mistakes you have seen buyers make?

Here at Jerry Pinkas Real Estate Experts, as you may assume, we see a lot of different situations and mistakes that people make. And unfortunately, many people find or come to us only after they find themselves in a situation that has caused a lot of frustration, wasted time and proved to be very costly. All these reasons are why we tell you to come to our team first so all these annoyances can be avoided. 

One situation that sticks out for us involved a lady who purchased a condo with another realtor and after some time was wanting to list it on the market. The condo ended up being an alligator and she found herself getting bill after bill each month, and overall it ended up being a poor purchase for her. Long story short, we ended up selling the condo for her. A short time later the lady called us after watching our videos online and asked if she could come into the office to speak with an agent. She ended up leaving the office saying that after just thirty minutes of speaking with one of our agents that she learned more than the entire time she was with her previous agent. This just goes to show that we do not want you to get sold like most other real estate agents tend to do. We want to give you all the information – the good, the bad, the ugly – in hopes that you are equipped with everything you need to make the best decision for you and your family.

Buying a condo in Myrtle Beach

But that is not our only story. We had a lady and gentleman come to us after purchasing a new construction home in a subdivision and thought that they could save a little money by going into the model home and speaking directly with the builder. In the end, they actually ended up paying $50,000 more than they should have paid for the home. How do we know that? We had a buyer’s agent on our team help a family buy a home right next door, exact same layout, size, everything, for $50,000 less than that couple. Our real estate experts know all the incentives and how to get the best deal for our clients. We can compare this situation to someone walking into a dealership to buy a car and then be trying to negotiate the sticker price themselves. Well, as you may have experienced yourself at some point, this does not always work out in your favor. It is always better to have an expert on your side that is well versed in the product, which in this case is the area, neighborhood, home, and comps, to not only ensure that you do not overpay for the property but also to help negotiate to get you the best possible deal. 

Are you really giving out a free book?

We want to make you an offer. At Jerry Pinkas Real Estate Experts, we understand that there is a lot of information out there that is not necessarily true. As we mentioned above, the internet especially is a place that harbors misinformation and can be very confusing for people. “Finding the Home of your Dreams” is our book that will give you some of the things you may want to consider, as well as some things that you may want to stay away from. It is normally $19.95, but all we are asking you to do is pay the shipping and handling and we will get that out to you. Why are we doing this you ask? We want to make sure you are equipped with all the right information and avoid the pitfalls that can be costly. And we are not trying to say that this book as all the answers, but it is a good start before you are able to actually come in to sit down and speak with one of our agents.

Should I use a Realtor to purchase a home in Myrtle Beach SC

What should I do if I am looking to buy in Myrtle Beach, SC?

If you or someone you know is looking to buy a condo or house in Myrtle Beach, SC, make sure to reach out to our experienced team here at Jerry Pinkas Real Estate Experts. As we spoke about above, while the internet can be a good starting point, you do not want to get all your information or base all your opinions on what you find online. You may be able to get an idea of the listings that are out there and price points for certain areas, but in the end, you want an experienced real estate agent by your side. And that is where we come in. Our team here at Jerry Pinkas Real Estate Experts is here to provide you will all the information (good and bad) about potential properties, answer and all questions that arise, and ultimately help you make the best decision given your wants, needs, and budget. 

Beachfront Condos on Myrtle Beach

When you meet with one of our team members, you will see that not all real estate agents are the same. We don't sell you like others do! We listen and give you information that is valuable prior to purchasing land, a condo or a house. The real estate agent you choose can make a major difference in the outcome! We have helped many individuals, couples, families, and retirees find their dream home in the Myrtle Beach, SC area, and we know we can do the same for you. And since we have separate teams dedicated for clients looking to buy and sell, you can be sure that your Jerry Pinkas real estate agent has mastered the skill set needed to help you on your journey and find the best property. This is what we do, we do it every day and we are very good at it. Why have average when you can have the best? Give us a call today, we look forward to working with you soon!

FIND YOUR OCEANFRONT CONDO HERE!

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Best Realtor in Myrtle Beach


Why pick average, when you can have an expert?

Give us a call 843-839-9870

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