Wire Fraud Warning Disclosure Form

Lori Bee provides real estate cyber crime info and wire fraud warning disclosure form for her SC realty clients.

It’s important to use an agent who is staying “on top of things”  and protecting you throughout the transaction.   I pride myself in providing that service and keeping my clients updated.

One recent development in our industry is cyber hacking combined with wire fraud.  In order to protect our clients from falling victim to this malicious crime that can devastate all parties in a real estate transaction, the South Carolina Association of Realtors, along with the South Carolina Real Estate Commission have created this form: Wire Fraud Warning Disclosure

Please read thoroughly, keep your anti-virus and malware up to date, and call to verify any request for funds.   My phone number is 843-505-3132.   I am happy to be of service.

Happy 4th of July from Bee at the Beach!

Happy 4th of July from Bee at the Beach!

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Happy Independence Day!  Let me know if I can help you or someone you know break free and live life at the beach!  843-505-3132

http://eXploreHiltonHeadHomes.com

http://eXploreBlufftonHomes.com

http://eXploreBeaufortHomes.com

4 Bedroom 2 Bath Homes in Beaufort County, SC

4 bedroom+ 2 bath+ homes for sale in Beaufort County, SC including Hilton Head Island and Bluffton.

Looking for those 4 bedroom, 2 bath homes in Beaufort County, including Hilton Head Island and Bluffton, to move into before the end of the summer?

Check out these great listings! 

Then give me a call to get your private showing of the home you most like.  843-505-3132

Beaufort and Hilton Head Area Homes with Deep Water and Docks

Check out all of the lowcountry area homes featuring deep water docks.

Deep Water Dock Homes from Beaufort MLS

Deep Water Dock Homes from Hilton Head MLS

Memorial Day Weekend and the summer boating season is upon us.   I love boating and understand the desire to have that perfect lowcountry home with deep water access.  Check out the links above to find your dream estate on the water.

I’m a member of both the Beaufort MLS and the Hilton Head MLS, so I can help you find your dream come true, in just about any area of the lowcountry.    Let me put my 17 years of experience to work for you.   843-505-3132

In the meantime, enjoy the beautiful homes….

And the market report says, “We Need Listings!”

Monthly Report from the Hilton Head Island Area Market

Thought some of you, like me, might like the real report on the area market, in that link above. So many times when you ask an agent, “how is the market doing?”  They simply respond, “Great!”  Well, it actually is going pretty well but it’s a bit more complicated than that.

Prices are up a median of 5.4%.   That’s good news.  Pending sales are up 4%.  Also good news.  BUT…  (there’s always a but, isn’t there?)…. New listings are down 10.1% and overall inventory is down 7.2%.

However a lot of that inventory is out of the price point that buyers are looking in (under $300K).    We still have plenty of options at over $500K that are still drastically reduced from pre-recession days.   There are still GREAT deals.

But we are facing an affordable housing shortage for relocating hospitality workers, school teachers, healthcare providers, fire and police officers, and more that will keep our community vibrant and functioning.

If you have a home in good condition available in the under $300,000 price range, I’d love to assist you in that sale today.   I pride myself in my marketing and negotiation skills and would appreciate the opportunity to put my 17 years of experience to work for you.   Give me a call at 843-505-3132 for your professional consultation.

Your Version of “As Is” May Leave You Unsold

Understanding “as is” in the Hilton Head area real estate market.

I think consumers watch way too much HGTV.   TV is NOT reality and a good agent will explain to you the laws in your state and practices in your market.  Real estate is truly local. For example, in the Hilton Head area market, we have a different purchase contract than the rest of the state.  In Section 8.  It clearly states:

“8. CONDITION OF PROPERTY. At Closing, all appliances and systems referenced in Section 4, including heating, air conditioning, electric and plumbing systems, fireplace/chimney, irrigation, pool and spa, shall be in good working order, and their physical condition shall be subject to reasonable wear and tear regardless of age. Further, the structure shall be reasonably sound and the roof free of leaks at Closing.”

This is very important to note to sellers who have a property that is a little older or perhaps has some maintenance issues to address.

Also of note is that this area of the contract also does address what buyers expectations should be:

“Other than the Property condition requirements set forth in this Section, the Property shall be conveyed in its present condition “As Is”. “As is” means the Property shall be conveyed in the condition existing on the Effective Date, subject to the terms of this Contract. The Property is a resale property. It is not new construction. Normal wear and tear is to be expected. For example, fogged windows, appliance rust, overgrown or dead landscaping, tile or countertop cracks, missing or torn screens, and uneven walkways or driveways are considered normal wear and tear and are not subject to repair unless otherwise required by this Contract. Seller shall not be obligated to make the Property comply with current building codes if the Property was constructed in compliance with the then applicable building codes. The Property shall be habitable, and Seller must repair deficiencies which render the Property uninhabitable as determined by licensed professionals.”

This is certainly a lot different than what you see on TV, right?     In a hot selling market sellers still need to make sure things are in working order.  And even in a hot buying market, buyers can’t expect a home to be perfect.   I like this clear definition in our contracts, but not enough agents take the time to clearly explain it to their clients.

Also of note, is that Sellers can not expect an “as is” clause to relieve them of the responsibility to disclose any material fact affecting the habitability of the home.  They still MUST be honest and truthful when filling out the mandatory Property Disclosure.  This even applies to every FSBO (for sale by owner) sale.   It also does not remove the buyers right to inspect the property.

Furthermore, we as agents need to explain how lending affects the sale of the property.   Especially in the case of FHA/VA loans, the government wants to ensure that property is habitable and in good working order.  They won’t grant the loan otherwise.  For example, if the roof is more than 20 years old (sometimes as little as 15 years!) they won’t grant a loan unless it is replaced.  This can be done in two ways, with the seller doing it during the inspection repair period, or WITH APPROVAL, an escrow for the roof (or repairs) to be done by after closing.   The funds are often requested from the sellers proceeds.

In fact these days, I’m often seeing this same request from conventional lenders as well.   A bank doesn’t want to grant a loan on a property that could potentially be damaged by negligent maintenance.   Understandable right?

Well a lot of sellers still think that they can mark their home in the MLS for sale that they will accept financing (FHA,VA, & Conventional) but then sell it “as is.”   Yeah, no.    Especially, if your definition of “as is” is to do nothing.

And agents, if you are marking your homes in the MLS that you are accepting financing and you know that your seller won’t fulfill such requirements, you are MISREPRESENTING!   Such listings should be marked Cash Only.  Sellers should be warned that this practice can severely limit their pool of buyers and can actually cost them more money as the home lingers on the market, than simply repairing items to make the home “habitable’ and in “good working order.” It also will definitely affect the amount buyers will be willing to offer, as well as appraisals.

Agents, you may also want to consult with an attorney about using an entirely different contract than the standard one in our Hilton Head area market if your seller insists on a bare bones “as is” sale, because the transaction won’t match the language in ours.

If any of you, even my fellow agents, have any  questions about this, I’m happy to help.  I’m not posting this as sour grapes, I am truly posting to help everyone get the deal done.  I love my job and I love helping people sell and buy homes, but we all have to understand the process to accomplish that.

Best Wishes !

Summerton Model overlooking pond/lagoon, just listed in Sun City!

2 bdrm/2bth Summerton Model just listed in Sun City with Lori Bee, eXp Realty. 843.505.3132

Check out this maintenance free, Sun City 2 bedroom/2 bath with formal living room and screenporch with great pond & lagoon views filled with wildlife. Priced to sell at $175,000. More information found on website here.  Call Lori Bee, eXp Realty, at 843.505.3132 for your showing today.

http://www.propertypanorama.com/instaview-tour/hhi/354615

Bee at the Beach….

Lori Bee asks if you want to “Bee at the Beach?” 843.505.3132 eXp Realty

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New Logo. What do you think?

Rebranding is hard.   Or maybe I overthink it.  You want to appeal to everyone, but you want to be different.  You want to bee remembered.  Oh, there I go again.

So yes, for many years I was known as Bee Realty, when I had my own firm in Waxhaw, NC (Charlotte area).   I still own the domain name. And everyone knew me by my last name and logo.  It stood out.  Short. Easy.  Well, easier to remember than it is to forget that marriage.  HA HA!

But hey, I got a great name out of it.  Not to mention 18 yrs  and 2 beautiful kids.   I always look at the bright side. I’ve now had this name longer than I haven’t.  Bee positive !  😀

So now that I am back in full time sales, and can “brand” myself again…  well, why break it if it wasn’t broke.   So here’s my new logo designed by the fabulous Justin Oldt of Auditory Aesthetic Designs.  What do you think?  Is it me?  Does it make you want to “Bee at the Beach?”

And yes, of course I bought the domain name too: http://BeeAtTheBeach.com  And I certainly hope you will remember that for you or anyone else you know, who wants to live here.   Let me help y’all BEE here too!  843.505.3132

 

Palmetto Bluff Photo Tour

Enjoy a brief photo tour of Palmetto Bluff by Lori Bee, Realtor. 843.505.3132 for homes for sale.

It’s no secret that Palmetto Bluff is MY personal favorite community in the lowcountry.   I spent the afternoon with my dear friend, and fellow Realtor, Rochelle Ferguson with DR Horton Homes, talking about new construction in the area, while we did a walking photo tour around the bluff.  Here are a few pictures.  Each one will expand on as you click it.

And as always, if you’d like a list of available homes or your personal tour around Palmetto Bluff, feel free to call me at 843.505.3132 or email me at Lori@LoriBee.com .

 

 

Stewards of God’s Land … the legacy of Charles Fraser’s vision for Hilton Head Island

Charles Fraser’s vision of Hilton Head Island, is just a part of what makes it so special living here.

So grateful for the legacy left behind by men and women like Charles Fraser, so we can continue to appreciate God’s beauty of the land here in the lowcountry.   And yes, our people and lifestyle are a treasure to appreciate too.

Let me know if you’d like to be a part of our treasured community.
Lori Bee, 843.505.3132, Lori@LoriBee.com