How Do You Make An Offer On A House?


Looking for that perfect new home can send you through many directions and through lots of doors. When you finally walk into a house that feels right and you can imagine yourself legitimately living there, it’s time to get down to business. That business would be making an offer and starting the process of making the house your home. If you’re interested in how to make an offer on a house, here are a few items to consider.


Making An Offer:

When you find that perfect house, know you are not alone when it comes to making the right offer. You can find expert advice and tools to help you understand the fair value of the house (or even your own). You can find assistance in attaining financing for the home, making a reasonable offer to purchase and assistance in helping you save your money. These are some tips to help you understand the process and get the fairest deal on your next home.


Be Sure To Use Professionals

The first step in purchasing a new house is to seek professional help. Real estate transactions have a lot of parts to them, and you’ll want to work with someone familiar with the process of buying and selling homes. Making an offer on the house is a legal action, so you’ll want to be sure it’s written and presented legally in the best and smartest manner possible. Having a professional and knowledgeable realtor working with you when you find that perfect house puts you in the position to make an offer quickly and correctly.


Even though you may have fallen in love with the house; there are still steps you need to take to ensure it does not end up disappointing you long term. These steps, such as an inspection and appraisal must be performed. The purchase offer should list these as a contingency, so you are not bound to a sale until they’re completed to your satisfaction. There are areas involved in purchasing a new home that entail a lot of confusing terminologies that a professional is going to be able to better understand, explain, and make sure are absolutely taken care of for you.


Review Lender Offers

Most of us need to take out a mortgage to purchase a new house. Sellers will often require proof that you’ve secured a lender to cover the purchase of their home. Review the different lenders available and find one that works within your budget with the right interest rate. Sellers can be swayed into accepting bids from potential buyers who can prove they have the money or backing to make an actual purchase. Having the best lender is another item a great realtor may be able to assist you with.


Keep Your Money Safe

Purchase agreements or offers will list the amount of money you can pay up front for a down payment. This amount can be held safe in an escrow account in case any problems possibly occur during the process. If  the corresponding sale falls through; your money is safe. If the deal does go through, then the money is deducted accordingly from the sale price.


Deliver the Offer

Once you’ve discussed with a professional what the offer should be, you are ready to have it delivered to the seller. It will be their choice whether or not they accept the offer. Sometimes they will make a counter offer somewhere between the asking price and your offer, and then you have the choice of accepting or not. This process can them continue until both of you have reached a satisfactory amount (further emphasizing the need for a great realtor to handle the corresponding negotiations).


When you’ve reached an agreeable purchase price; a legal binding contract is written.  This agreement is best written by a professional who understands real estate laws and terminology and who can explain them to you.


Following through on these tips and getting professional advice will make it possible for your dream home to become your new home.


If You’re Interested In Buying, Let’s Talk About What’s Available In Charleston Today.

What Are The Top Reasons My Home Isn’t Selling?


Numerous hurdles may occur when you decide to sell your home,  including a very possible delay in actually getting your home sold. When the time starts to fly by a little too much, you can get a bit stressed when considering the amount of time and money that you have invested in improving your house over the years. Worst-case scenario, the home may be possibly incurring you additional mortgage payments every month until it is actually sold.  Whether it might be that you have the wrong realtor or something else, there may be a number of reasons why your home isn’t selling.

Here are a few to consider:




You likely already are very well aware that price is an obviously fundamental aspect of selling your home.  Nonetheless, be sure to avoid thinking that a low priced house may get you a desired quick sale. Mainly, this is because most potential homebuyers are looking for competitively priced homes. On the other hand, a highly priced home may scare away potential buyers as well. Having the right real estate agent will be able to help you price your home in optimal range to keep it competitive and sell faster.


Severely Outdated


Most buyers are only interested in homes that appear to have been well maintained over the years.  This interest is propelled by the motivation to avoid remodeling expenses or even possible replacement costs after buying your house. Hence, consider making low-cost upgrades before placing your home on the market.  Simple alterations like new kitchen fixtures, a fresh coat of paint and new locks (or surprisingly door knobs) can go a long way in scoring you an offer.


Too Much Attachment


Being too close (emotionally that is) to your home may be a possible impediment to the sale of your home.  If you do not allow for any price negotiation with potential buyers, then your home may stay in the market for a good amount of time.  It is normal for you to feel like your home is the absolute best based on it’s improvements or features, as it was the home you lived in for a significant amount of your life. However, if you really want it to sell it, you have to place your feelings aside and come to an agreement with a buyer. Knowing a knowledgeable and informed real estate agent will be invaluable when it comes to pricing and marking the advantages of your home competitively compared to what else is on the market.


You’re Consistently Present at All Home Showings


Most potential home buyers may feel uncomfortable when viewing your home (or emotions could be running high), more so if you are always around them. They may not feel free to ask sensitive questions or make comments about the house in your presence. This could stop them from asking things they really want to know, or to you possibly not hearing things that you really need to be hearing. For this reason, leave the showings to your agent.


Poor Cleaning


You can be sure that a dirty home leaves a bad first impression on potential buyers. Hence,  be sure to prep your house before any showing by making sure that all rooms and items are spotlessly clean. A clean home is likely to accentuate it’s beauty and value, which may land you a quicker sale. You should be able to coordinate appropriate times for house showings with your realtor, but that may not always be the case as we all have different schedules. This will help you in optimizing how well maintained your house is, as well as optimize the possibility of their first impression being an absolute grand slam.


Bad Photos


Considering the current advancement in technology, you can rest assured that most potential buyers typically check the internet to find out possibly further information on your house. As such, most of them rely on listing photos to make their decision. Ensuring that your photos are taken at great angles, and have great lighting is the difference between a score of potential buyers versus people solely window shopping. A great realtor will easily be able to help you in finding a great photographer to take the proper type of photos that will get your house sold.


The House is Unkempt and Does Not Smell Pleasant


Every house has it’s own unique smell, which is determined by a lot of factors; whether that’s kids, the type of food you consistently cook, or even your pets. As such, it is imperative that you get your friend’s (or at least an outside) opinion about the smell of your house to avoid being biased. While the remedy for some odors may be just scented candles, other odors may be a sign of trouble such as mold or possible mildew.


These are only a couple of items that could effect your home for selling.


If you’re thinking about selling, come check out how much your home is worth here.

What Are All The Tax Deductions Available For Homeowners?

In the United States, a majority of state and local governments charge real estate taxes. This can be described as an annual charge by a taxing authority, as a percentage of the value of your real estate property. The tax is deducted by the established taxing authority, based on the estimated property value. Your home will provide you with several tax benefits all through it’s cycle; from the time you buy it, to when you make the decision to sell. This leaves some future home buyers considering, what are all the tax deductions available for home owners?


When it comes to managing your taxes, it is essential to remember that home ownership affords you a vast array of options in tax deductions. A great and knowledgeable realtor will be able to help you understand this further.


Importance of Tax Deductions

Tax deductions are defined as a reduction in the taxable income of an individual. Therefore, with a tax deduction, the estimated taxable portion of your home’s value will go down. Through proper planning and organization, you will be able to make significant steps towards increasing your savings. In Charleston, South Carolina, once you have paid all taxes due, you can claim a tax deduction.The Charleston County Assessor’s Office is responsible for real estate taxes, as well as the benefits, credits, and deductions associated with it.


For tax purposes, a property seller in Charleston is required to pay the real estate taxes up to the date of sale. After this, the buyer will pay the taxes for the period commencing on the date of purchase. It is important for you as the buyer to find out if the previous owner carried any delinquent taxes. Delinquent taxes are unpaid penalties and taxes charged by a taxing authority on a seller for an expired tax year. Therefore, agreeing to pay these taxes will make it impossible for you to claim deductions because they are considered part of your home’s cost.


Applicable Situations for Tax Deductions

As an actual or potential homeowner in Charleston, there are items that are considered as not deductible from taxes such as transfer charges and service charges. However, there are several situations where you are eligible to receive a real estate tax deduction. Some of the most common circumstances include:


  1.      Job relocation 

This applies in a situation where you have relocated and moved to Charleston because of a new job. The move has to be at least 50 miles from your previous city of residence. Calculating the cost of your move and keeping relevant receipts will enable you to deduct the costs from your taxes. 


  1.     Disaster relief

It is possible that a natural disaster could end up affecting your home and damaging it accordingly; damage that may not be covered by your insurance. Receiving federal aid in the case of property damage caused by a natural disaster will put you in a position to claim a tax deduction. Rest assured though, this is not nearly as much of an issue in Charleston as soon may make it out to be (thanks Hurricane Matthew!)


  1.     Having a home office

Being self-employed or having a home office will increase your likelihood of receiving a tax deduction. These deductions will be achieved from qualified business expenses stemming from rent, career memberships, utilities, work vehicles, and equipment.


  1.      Energy and Environmental Conservation

Installing green energy equipment as a form of alternative energy (or for energy efficiency) can put you in a position to qualify for deductions. In Charleston, you can get a 30% refund as a renewable energy tax credit. This is for purchases on environmentally-friendly or energy efficient items such as solar, wind, and geothermal technology.


If you receive a tax refund for your real estate taxes, it is necessary to reduce your deductions in proportion to the amount refunded. As a homeowner, it is recommended that you learn more about property taxes in order to expand your savings, as well as understand the benefits available to you in Charleston.


Your options and choices are vast in Charleston, be sure to work with a great realtor!


Come Find Out the Expertise Justin Thomas Brings To the Table Today.