Real Estate On The Island - What You Should Know:
Selecting the right real estate agent:
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These are the essential things you should expect from an agent:
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(Agents working in other areas do not necessarily understand the complexities of real estate on the Island)
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Understanding Island Real Estate
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Compatibility
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Good Listener
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Availability
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Good Communication
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Provides you with Guides (Buyers) and (Sellers)
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Technology Friendly
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Good Negotiator
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Good References (that you can check)
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part of buying and selling property anywhere but even more important on the Island!!
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Find more information by clicking on Agents for Sellers and Agents for Buyers.
There are various communities on the Island:
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West End -- mainly beach houses on pilings
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Beach Side or Bay Side
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Mid-Town -- A mix of architectural design (mostly craftsman)
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Historical District -- A mix of architectural design (mostly Victorian)
Insurance is very different on the Island:
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There are 3 main insurance policies that people should be aware of:
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Homeowner’s/Hazard
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Flood (You can click on Fema Risk Map to determine flood zone)
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Wind and Hail
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Fees that may pertain to the sale or purchase of your island property:
Sellers normal fees include but are not limited to:
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Commissions are generally 6% of the selling price of your property. Click to Link how commissions are split between the agents and the brokers.
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Generally, 3% goes to your agent and 3% goes to the buyer's agent.
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Yes, you are in most cases paying the agent that represents the buyers of your house. (This is common practice)
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Staging costs (if applicable)
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Homeowner's Warranty - 1st year often paid by the seller ($350 - $500)
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Repairs that result from an inspection
Buyers normal transaction or post-closing fees include but are not limited to:
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HOA/POA Dues - Be sure to calculate into your monthly expenses if the property is in an HOA or POA
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Homeowner's Warranty - If seller will not buy ($350n - $500)
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Survey - If a new survey is needed
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We do all of the above and more...
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We are a husband and wife team therefore you have two agents working for you at just the 3% no additional charge. (Link to commissions)
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Generally, 3% goes to the seller's agent and 3% goes to the buyer's agent.
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Yes, you are in most cases paying the agent that represents the buyers of your house. (This is common practice) (Link to commissions)
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You get more for your money right at the start.
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We live in the Pirates Beach community on the west end of the Island.
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We own a staging business and we offer a $300 package to our Sellers at no cost and we can help any of our buyers with furnishing needs.