Yes — in fact, the home inspection is one of the most common times to negotiate in real estate.After an inspection, buyers can:Request repairs from the sellerAsk for credits toward closing costsNegotiate a reduced purchase priceOr, in some cases, walk away if the issues are too big /*! elementor - v3.23.0 - 15-07-2024 */ .elementor-widget-image{text-align:center}.elementor-widget-image...
Life By Lake Marion
What Does Negotiating an Offer Mean?Negotiating an offer means working out the final terms of a home sale so both buyer and seller agree on price, timeline, and conditions. /*! elementor - v3.23.0 - 15-07-2024 */ .elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img{width:48px}.elementor-widget-image...
The quick rule of thumb: you can usually afford a mortgage payment that is 25–30% of your gross monthly income.Lenders in South Carolina use the debt-to-income ratio (DTI) to decide. Most allow a maximum DTI of 36–43%, meaning all your monthly debt payments (including your mortgage) shouldn’t exceed that percentage of your income. /*! elementor - v3.23.0 - 15-07-2024...
The best way to find the value of your home is to compare it with recent sales of similar homes in your area — known as “comps.” But true value is more than just numbers on paper.Your home’s actual worth is the price a buyer is willing to pay and a lender is willing to finance.Several factors influence this: /*! elementor - v3.23.0 - 15-07-2024...
The short answer: you can buy a house with a credit score as low as 580 for some loans, but most buyers need at least 620–640 to qualify comfortably.FHA loans: Minimum score of 580 (with 3.5% down)VA loans: No set minimum, but lenders usually want 620+Conventional loans: Typically require 620 or higherBest rates: Credit scores 740+ give access to the lowest interest rates /*! elementor - v3.23.0 -...
A deed shows that ownership of a property has been transferred, but having a deed alone doesn’t always guarantee that you own the property free and clear. /*! elementor - v3.23.0 - 15-07-2024 */ .elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img{width:48px}.elementor-widget-image...
When selling a home, most people expect to pay off their mortgage and walk away with profit. But sellers in South Carolina are also responsible for a variety of fees and closing costs.The main seller fees include:Real estate agent commissionsAttorney fees (required in SC) /*! elementor - v3.23.0 - 15-07-2024 */ .elementor-widget-image{text-align:center}.elementor-widget-image...
The point of a Homeowners Association (HOA) is to maintain property values, manage shared amenities, and enforce neighborhood standards through rules (called covenants).Simply put, HOAs are designed to protect your investment by ensuring the neighborhood remains attractive, functional, and consistent — so one poorly maintained property doesn’t lower the value of every home around it. /*! elementor...
When you buy a house, the purchase price is only part of the expense. Hidden fees are extra costs that often catch buyers off guard, like closing costs, inspections, taxes, and insurance premiums.On average, buyers in South Carolina spend 2–5% of the purchase price in closing fees alone, which can add up to thousands of dollars. For Lake Marion buyers, where waterfront and resort-style homes are common,...
A property survey is a detailed, professional measurement and mapping of your home’s boundaries, structures, and land features.In simple terms: it tells you exactly where your property begins and ends — and whether there are any legal issues like encroachments, easements, or zoning conflicts that could affect your ownership rights.Even if the lot looks perfect and the fence “seems” like the...