Hilton Head Island Real Estate
Hilton Head South Carolina Real Estate
Hilton Head Island Real Estate
Welcome to the Buyers and Sellers Page. We hope it will be helpful to both buyers and sellers in the Hilton Head Island Real Estate Market.

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Hilton Head South Carolina Real Estate
Purchasing Real Estate

Five steps to purchasing Real Estate:

  1. KNOW WHAT YOU WANT.
    There are many things to consider when purchasing a property: your price range, timeframe, community and lifestyle.

  2. CHOOSING A REALTOR.
    A REALTOR is a member of the National Association of Realtors which adheres to a strict Code of Ethics, Training and Education. Experience matters, especially when it comes to your real estate needs. Let the agents at Lottie Woodward on Hilton Head Island put their experience, knowledge and expertise to work for YOU.

  3. CHOOSING A LENDER.
    Contact a Hilton Head Island area mortgage lender prior to starting your search for real estate. Using a mortgage company in the local area in which you are purchasing real estate property, assures that they will have optimal knowledge of property values or lending requirements. Take the time now to determine your loan amount and the loan package that best suits your needs. If you need recommendations for mortgage companies in the Hilton Head Island area, we would be happy to assist you.

  4. CHOOSING A HOME & MAKING AN OFFER.
    Will your real estate purchase be your primary residence, second home, or investment property? Your REALTOR will work with you to locate properties that meet your criteria. Once you have decided on a particular property, a written contract with your offer will be submitted to the Seller of the property. The Seller in turn, will either accept your offer, make a counter offer or decline your offer. It is important to be available to your REALTOR so that any changes to the contract can be reviewed quickly.

  5. CLOSING.
    Once you have a fully executed contract (all parties have reached an agreement and have signed the contract), it is time to choose an attorney to represent you. Ask your REALTOR for recommendations. If a home inspection is part of your contract, you (the Purchaser) will hire a licensed Inspector to perform a home/villa inspection. The inspector will insure that all heating, air conditioning, plumbing, electrical systems, fireplace, appliances, pool and spa are in good working order, that the structure is reasonably sound and the roof free of leaks. Your inspector will send you a report stating the condition of the home and the afore mentioned items. If any of these items are not in good working order at the time of inspection, you (the Purchaser) with the guidance of your REALTOR will submit a request for repairs to the Seller. Once the Buyer and Seller have come to an agreement on the repairs, the Seller will then procede in making the repairs. The CL-100 (termite inspection) and any required repairs will be done at the Seller's expense. Your attorney will guide you through the closing process and answer any legal questions that you may have.

Estimated Purchaser's Costs | Inspection Addendum

Email us at info@theleadersinluxuryrealestate.com for a free buyer's / seller's packet.



5 Steps to Selling Your Home

There are a few steps involved when selling a home and dealing with a knowledgeable and local realtor and attorney can help you have a smooth transaction. Following are the 5 steps to selling your property:

  1. PREPARING.
    There are some 5 million existing homes sold every year, and while every transaction can be different, every home owner wants to get the most amount of money with the least amount of hassle which is why you should deal with the agents of Carolina Realty Group of Hilton Head Island. One of the most important factors in selling your home besides choosing your realtor is getting your home ready to go on the market. We tell all our clients that if you are going to ask "top dollar" then your home needs to be in "top shape". First, it is always a good idea to pay for a home inspection to be done on your property because you would probably be surprised about a lot of things not right with your home. It could be electrical or wood rot, but whatever the case, you should fix it now instead of later. Next, if you have any painting, carpeting, cleaning, or throwing out, take care of it now. Your house needs to be clean. Think of yourself as the "purchaser" and what you would like to see in a home.

  2. CHOOSING A REALTOR.
    A REALTOR is a member of the National Association of Realtors which adheres to strict Code of Ethics, Training, and Education. It is also important for a REALTOR to be a member of their local Association. Some people may choose to speak with one realtor or some may choose to speak to several agents. Ask them about the services they offer. A REALTOR will discuss the list price of your property based on recent sales and comparable properties currently on the market. You may receive different estimates, but that is okay. Make sure you understand their opinion of why they think your house would sell for a certain amount. Ask a REALTOR about their fees. Usually fees are established by the marketplace and not set by law and regulation. A listing agreement is a contract that shows the broker's obligations and outlines the terms under which your home is being made available for sale. A listing term is usually 6 months to a year, but always negotiable. Keep in mind that Experience matters, especially when it comes to your real estate goals. Let the agents at Lottie Woodward on Hilton Head Island put their knowledge to work for YOU.

  3. SETTING THE PRICE.
    List price is key in selling your home. We always tell our clients that list price should be based on comparable properties, but also based on your motivation. A REALTOR will usually have your home on REALTOR house tour, a day where all the agents come to your home to see it for potential clients. This is time where you can receive feedback on your home. In most markets, you will know in 30 days if you need to reduce your price.

  4. MARKETING YOUR PROPERTY.
    It is important to choose a REALTOR that knows how to market your home, and more importantly, who to market it to! Some marketing tools are to either have digital streamline video or virtual tour done of your property. These videos are then attached to your home so potential buyers can review it online whether it is on realtor.com or a realtor's own website. Make sure your REALTOR has a website. The internet is one of the most important marketing tools for Sellers and Buyers. Now, most REALTORS have more than 1 website. See the other websites your property will be featured. Direct mail is another important marketing strategy. We send out "Just Listed" post cards, flyers, and monthly community updates featuring our properties. It is important to have a flyer/brochure on your property so make sure your REALTOR plans on having one. Local advertising is important, and we feel the radio is a great marketing tool. Radio actually reaches more people than television.

  5. SELLING AND CLOSING.
    Once you receive an offer on your home, you and your REALTOR need to review the contract and the terms to decide if you need to counteroffer in price or maybe just the terms of the contract, or both. In a strong real estate market when the supply is low, demand is high, a Seller may receive multiple offers. Sometimes the contract offering the most money is not necessarily the best offer. It may be best to accept an offer that is lower, but has no financing contingency. There are many issues to consider which is why it is best to let a REALTOR negotiate the best offer for YOU, the SELLER. Once you reach an agreement and have a fully executed contract, it is time to choose an attorney to represent you. Again, ask your REALTOR for recommendations. After choosing an attorney, if it is in your contract, you (the Purchaser) will hire a licensed Inspector to perform a home/villa inspection to insure that all heating, air conditioning, plumbing, electrical systems, fireplace, appliances, pool and spa are in good working order and that the structure is reasonable sound and the roof free of leaks at the time of closing. Once all the repairs are agreed upon and the loan commitment letter has been received, a Wood Infestation Report (CL-100) is provided to the Purchaser's attorney no less than seven (7) days prior to closing. The CL-100 is done at the Seller's expense, and it determines if there is any wood destroying infestation, termites, or structural problems. Once you have reached an agreement on all repairs and the CL100, and the purchaser has insurance, you are ready to close on your property. At the Closing, it will be determined what payments and credits the owner should receive and what amounts are due from the purchaser. For example, if the owner prepaid their taxes a few months in advance, then the owner will be compensated. In South Carolina, the Realtors do not have to attend the closing, and in most cases the buyers and seller do not need to attend since the process is so computerized and automated. Once all the necessary paper work has been signed & recorded with the local property record offices, title has been transferred from the Seller to Purchaser, and the Seller has been paid for the home, keys are then given to the Purchaser, and the Seller is on their way to their new home or destination.

Estimated Seller's Cost | New Listing Request for Information | Listing Agreement
Seller's Property Condition Disclosure

Email us at info@theleadersinluxuryrealestate.com for a free buyer's / seller's packet.




Section 1031 of the Internal Revenue Code allows a property owner to trade one property for another without having to pay any capital gains taxes on the transaction. In most sales, a property owner is taxed on any gain accumulated by the sale of the property. In an exchange, the tax on the transaction is deferred until some time in the future, usually when the new property is sold. These exchanges are called "Tax Free" exchanges or "1031 Tax Deferred" exchange.

A 1031 cannot be performed on your primary property, it is on investment property only. The property must be exchanged for "like-kind" property of equal or greater value. In the case of real property exchanges. The Exchanger must sell property that is held for income or investment purposes and acquire replacement property that will be held for income or investment purposes. One property may be exchanged for more than one property. In a tax deferred exchange, the Exchanger has 45 days from the date the relinquished property closes to identify potential replacement properties. The purchaser of the replacement property must be completed within 180 days after the closing of the relinquished property.

The advantage of a 1031 is that the taxpayer my dispose of property without incurring any immediate tax liability. There is much more information on 1031 exchanges, so if you would a free 1031 booklet, please email us at info@theleadersinluxuryrealestate.com.

Email us at info@theleadersinluxuryrealestate.com for a free buyer's / seller's packet.
 
 
  
Lottie Woodward • Charter One Realty & Marketing • 11 Park Ln, Hilton Head Island, SC 29928 • 843.785.4460 | toll free 800-831-0359
Cell Phone: Lottie Woodward 843-384-4488

Hilton Head Real Estate Listings

Disclaimer: This website may not reflect all real estate activity in the market.

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