Thursday, March 31, 2016

A Warning About Home Valuation Reports - Not An April Fools!

Not a week goes by that I don't hear from a buyer or seller insisting that a property is worth a different amount than how the bank's appraised it. I get it:  everyone wants to gain the most value from their transaction... so why do the home valuation sites tend to get it so wrong? 

Here's why:  they don't see the whole picture. 

It's the real estate equivalent of looking at an iceberg from the surface.

















To truly understand the value of a home requires more than just knowing the number of bedrooms, baths, and square footage. To get the full picture, you need the advice of a real estate professional.

Essentially, if you think accuracy is important, you need to know the difference between an AVM and a BPO: 

Automated Valuation Method (AVM) - Essentially, it's software that reaches out for publically available data and then uses that data to offer a suggested value. This is what Zillow's popular Zestimate is - a quick result produced by software that can't see the whole picture. 

Broker Price Opinion (BPO) - Real estate agents perform a BPO when needing to come up with a listing price and is a much more manual process. Here, the real estate professional who knows, works and likely lives in the area, uses their actual brain to improve upon the data provided by an AVM. A BPO allows us to take into consideration what we know to be true about intangible values like good design and tasteful upgrades -- stuff that requires human understanding in order to derive a meaningful conclusion.

The bottom line is that AVM's are fine until you're serious about buying or selling:  heck, I even offer one on my website www.HOMESandVALOR.com/Home-Valuation. Then, it's time to call your local real estate professional (yep, I'm talking about me). Do you know anyone that would like to know what their home is actually worth? I can help. 

Tuesday, March 29, 2016

138 Temple Drive Aynor, SC 00000

Property Site: http://tour.circlepix.com/home/SSGCKW
Get this double lot before it's gone. A total of 1.69 acres of country living right next to HWY 501. Far enough off 501 not to worry about traffic, close enough

to get anywhere you need.
Bathrooms: 0.00
Price: $19,900

For more information about this property, please contact Jamie Lewis at 843-443-7222 or Jamie@HOMESandVALOR.com. You can also text 3469959 to 67299.


See more listings at: http://jamie.homesandvalor.com

4935 Crab Pond Ct Unit #101 Myrtle Beach, SC 29579

Property Site: http://tour.circlepix.com/home/SSNG9W
STOP! Pack your suitcases and come enjoy this fully furnished, first floor 3 bedroom 2 bath, end unit with lots of light. Enjoy all it has to offer including its beautiful views of the pond on the screened porch. Unit has nice laundry room, attached storage closet, and everything you need! This pristine condo was never smoked in and never rented, used only as a 2nd home. Large Master suite has his and hers closets, double vanity, and a garden tub. The condo is in the popular Winsor Green located in the booming Carolina Forest area offering 2 swimming pools with a club house. There are several award winning golf courses nearby just bring your golf clubs! Minutes down the road you'll find dining, shopping, entertainment, and its only 9 miles to the beach. Hurry this won't last long.
Bedrooms: 3
Bathrooms: 2.00
Square feet: 1,200
Price: $115,000

For more information about this property, please contact Jamie Lewis at 843-443-7222 or Jamie@HOMESandVALOR.com. You can also text 3419537 to 67299.


See more listings at: http://jamie.homesandvalor.com


MLS ID: 1605822

1321 S Ocean Blvd 803 North Myrtle Beach, SC 29582

Property Site: http://tour.circlepix.com/home/DWZA7P
This awesome oceanfront 3BR/3BA unit in the Crescent Beach area of North Myrtle Beach needs nothing, it's already up to date and ready for your vacation or rental use. This unit offers granite countertops, tiled foyer and baths, jacuzzi tub, flat screen TV's, custom drapes, fresh paint, black appliances, upgraded lighting, large balcony and much more! Nicely appointed and in mint condition. Amenities include: Oceanfront sun deck, oceanfront exercise facility, outdoor pool, lazy river, spa/hot tub, indoor pool, and detached storage closet just to name a few. This resort is located close to fine dining, golf, fishing, shopping, clubs, shows and just about anything else your heart desires! Fabulous rental opportunity as well! Why buy an older condo that needs work, when this one is move in ready to go?!
Bedrooms: 3
Bathrooms: 3.00
Price: $324,900

For more information about this property, please contact Jamie Lewis at 843-443-7222 or Jamie@HOMESandVALOR.com. You can also text 3247912 to 67299.


See more listings at: http://jamie.homesandvalor.com


MLS ID: 1512321

Lot 21 Old Tram Rd Little River, SC 29566

Property Site: http://tour.circlepix.com/home/AZKJUL
Nice wooded Residential lot in Little River. Invest for the future growth of this upcoming community with no HOA fees and the potential to own adjacent lot.
Bathrooms: 0.00
Price: $17,900

For more information about this property, please contact Jamie Lewis at 843-443-7222 or Jamie@HOMESandVALOR.com. You can also text 3034871 to 67299.


See more listings at: http://jamie.homesandvalor.com


MLS ID: 1517697

Lot 20 Old Tram Rd Little River, SC 29566

Property Site: http://tour.circlepix.com/home/67PF4Z
Nice wooded Residential lot in Little River. Invest for the future growth of this upcoming community with no HOA fees and the potential to own adjacent lot.
Bathrooms: 0.00
Price: $17,900

For more information about this property, please contact Jamie Lewis at 843-443-7222 or Jamie@HOMESandVALOR.com. You can also text 3034867 to 67299.


See more listings at: http://jamie.homesandvalor.com


MLS ID: 1517696

8500 Margate Circle, Unit 2809 Myrtle Beach, SC 29572

Property Site: http://tour.circlepix.com/home/SSDVDM
Kingston's Desirable Margate Tower sits on 146 acre play ground with over 1/2 mile of white sandy beach, 23 acres of freshwater lakes and 12 pools to choose from. This four bedroom, three full bath, over 2600 square feet open floor plan residence offers breathtaking views from the 28th floor. Don't miss out on this gorgeous 270 degree panoramic view from the 400+ square feet wrap around balcony. You can see for miles and miles down the coast line and across the entire city to the horizon. Many upgrades throughout - wood cabinets and stainless steel appliances in the kitchen to include a wine chiller. Granite in the laundry area and cultural marble in the bathrooms. Tile in entrance and all wet areas, with plush carpet in main rooms and bedrooms. The Plantation offers amenities such as a 50,000 square foot Sport & Health Club, four clay tennis courts, badminton, croquet, beach volleyball and much much more!
Bedrooms: 4
Bathrooms: 3.00
Square feet: 2,650
Price: $469,900

For more information about this property, please contact Jamie Lewis at 843-443-7222 or Jamie@HOMESandVALOR.com. You can also text 3010551 to 67299.


See more listings at: http://jamie.homesandvalor.com


MLS ID: 1517072

501 S Ocean Blvd 609 North Myrtle Beach, SC 29582

Property Site: http://tour.circlepix.com/home/ACWH3V
INVESTORS - this is the lowest priced unit in The Verandas: Adorable 1 BD / 1 BA fuully furnished end unit with an impeccable ocean view. Just steps away from the birthplace of Shag, enjoy everything Main street has to offer from restaurant's, bars, shopping and shagging clubs. While at your pie in the sky condo, have fun in the sun on the sandy beach shore, drift around the complex's very own lazy river, go for a few laps in the pool or relax in the hot tub. Enjoy a piece of paradise today! Call now.
Bedrooms: 1
Bathrooms: 1.00
Square feet: 600
Price: $89,900

For more information about this property, please contact Jamie Lewis at 843-443-7222 or Jamie@HOMESandVALOR.com. You can also text 2882802 to 67299.


See more listings at: http://jamie.homesandvalor.com


MLS ID: 1513056