Myrtle Beach Homes | Carolina Forest Homes
Information on homes for sale in Myrtle Beach, Carolina Forest Properties, Myrtle Beach Condos and Golf Properties.
Yesterday, my company RE/MAX Southern Shores announced once again that they have kept their position as the #1 real estate firm in Myrtle Beach. This is the fourth year in a row in which the company has sold more real estate than anyone else in the Myrtle Beach area. In 2015 our company sold over 300 million dollars in property!
I had fun working with my broker the other day to put together this video announcing our company was #1 again:
A new year is upon us, which means it is time once again for the annual post of the 10 most expensive homes sold in 2015. Interesting enough, the 2014 version was the most popular post on my site for the year.
The average sold price for the 10 most expensive homes sold in Myrtle Beach area during 2015 was just over 2.45 million with the most expensive home sold at $4,245,000. Now, these homes didn’t sell quickly, the average days on the market at 445 days and two of the properties took well over 1,000 days to sell.
Also, these Myrtle Beach Luxury Homes do not fit within your normal cookie cutter mold on size. They ranged in size from 1932 heated square feet to the largest at just under 13,000. On average, these ten homes measured just over 5,000 square feet each.
Here’s a list of the 10 most expensive homes sold in Myrtle Beach during 2015. They are listed from least to most expensive:
Now that 2016 is upon, here are the current luxury homes for sale. If you are looking for luxury here in the Myrtle Beach area, these are the homes that fit the bill.
Take a look at these and if you would like any more information on any of these properties, do not hesitate to contact me.
Here’s the National Housing Report for September 2015. If you are thinking of buying or selling a home anywhere in the world, give me a call and let my network help you make it one of the easiest things you’ve done in your life!
When it comes to Real Estate Laws in Myrtle Beach. SC there definitely are plenty. Unfortunately, people do not always understand these laws. One area that seems to cause a lot of confusion is Agency. To see the state brochure on Agency Disclosure, click here.
So now you have decided that you need someone to represent you to purchase your Myrtle Beach Home and then the Real Estate Agent mentions something about Dual & Designated Agency that sends you back into a dither. Breathe deeply, it is not as bad as you think! Here is what both of these types of agency mean.
First, let me explain South Carolina Designated Agency. When a home is listed for sale, the Broker-in-Charge (BIC) is the actual person who holds the listing not the agent. Designated agency only comes into play when an agent representing the buyer and the agent representing the seller have the same BIC. When this takes place, both parties agree to sign an agreement that states that the BIC has designated the Buyer’s Agent to work for the buyer and the Seller’s Agent for the Seller. Both agents are not allowed to share secrets about their clients and are supposed to represent their side only in the transaction.
This is not really a big difference than if the buyer’s agent worked for a different company than the seller’s agent. Because of Confidentiality, agents don’t share the private information of their clients with colleagues in the office. To me, this is more of a formality & legal paperwork step.
South Carolina Dual Agency seems to be the concept that both agents & clients seem to get confused about. Dual meaning two, is when one agent has already entered into an agency contract with either a buyer or seller and is then entering into an agency agreement with the other party.
For example: I have a buyer client that has been looking for a specific need in a home. I have worked with this buyer for 5 months but have not found the property yet. But, when I list your property for sale, I notice your property has the 3 car garage with bonus room for under $500,000 in Carolina Forest that this buyer has been searching for. I bring my buyer to see the home after I have it listed for sale and they fall in love immediately and want to write an offer.
In the example above, the buyer client and seller client are both being represented by me. If both parties agree to enter into a dual agency agreement, we would sign another form allowing one agent to represent the buyer and seller in that transaction. When someone enters into a dual agency contract, the Real Estate Agent is required to work unbiased to either side and cannot share confidential information about one client to another. In other words they basically become a messenger passing back & forth the information.
Many agents fear dual agency because they feel it is very difficult to represent multiple sides in a transaction equally. In my experience over the past 14 years we have been in dual agency on many occasions. In fact, many of our sellers ask us to list their Myrtle Beach Property for sale because they want us to bring a buyer to sell the home quickly. One thing we try to do is remain unbiased and give the best information possible whenever I am with a client in dual agency.
Normally dual agency is not that big of a deal. There are a few circumstances where it could be a little tricky and you may be hesitant to enter into dual agency. Here are a few of those situations:
In those situations it is sometimes difficult to remain unbiased when the agent has a close relationship with one of the clients. However, I have in the past been in a dual agency agreement to sell one of my personal properties where I was also representing the buyer as a client of mine. We did all the paperwork by the book, stayed unbiased and the transaction went smooth and effortlessly.
If for some reason you are uncomfortable being in a dual agency situation, that does not mean you cannot purchase or sell the property. Simply ask your real estate agent to refer you to someone else who will represent you well.
I hope this explains agency a little more clearly. In closing I would like to say that the real estate laws of every state are different. If you live outside South Carolina and want to know what the laws are for your state, contact me and I can find local real estate agent to answer your questions.
