real estate: 7 things I learned doing short sales for past 3 years - 09/10/09 02:08 PM
My Agents and I have done a lot of short sales in Myrtle Beach. I concur with Joe on many points. Although a short sale will reflect negatively on the seller's credit, it doesn't have nearly the impact of a foreclosure, or even a voluntary foreclosure (deed-in-lieu of foreclosure).
On the Credit Report a Short Sale shows as a "Settled Debt" and can stay on there for four to six years. The Short Sale itself does not adversely impact the credit; the late mortgage payments do.
Can you do a Short Sale without being late with your mortgage payments? It depends. … (3 comments)
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real estate: Smart Advice For Real Estate Sellers: - 09/19/08 01:07 PM
This is certainly a Buyers' Market, but what do you do if you are a Seller? Stephanie AuWerter, Editor of SmartMoney.com offers some great tips for selling your home: To re-cap: *Price your home right *Spruce it up *Limit Renovations *Pick the right Real Estate Broker *Respond to all offers To view the entire CBS News article go to: http://www.cbsnews.com/stories/2008/08/24/uttm/main4378616.shtml Myrtle Beach Homes by Mirela Monte Proud Optimist! … (20 comments)
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real estate: A Financial Meltdown on Wall Street - Will it affect you & real estate? - 09/16/08 01:19 AM
WHAT DO YOU THINK?
Via Jeff Belonger -- The FHA Expert.com -- FHA Loans -- FHA mortgages -- Mortgages :
Can it be any worse out there? If you haven't heard, as the credit crisis continues, there are tens of thousands of jobs being lost just on Wall Street alone. And with a few mergers in the near future, there will be more jobs lost.
Is consumer confidence down? You betcha !! The Dow Jones is down over 500 points just today, the most since 9/11 in 2001. This is because of fear of a deepening of a year long credit … (2 comments)
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real estate: Land, Homes or Condos? You tell us! - 10/23/07 01:04 PM
With the mortgage debacle in full swing and the economic indicators looking more and more like the electrocardiogram markings of a heart attack, could antiquated rules and old indicators be thrown out the window or retained and studied diligently for any semblance to current patterns?
What are your investors buying right now? Is it land, condos or homes? What do you think is the best product to invest in at the moment? Please share your opinion!
… (3 comments)
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real estate: Myrtle Beach Real Estate Sales - 2007 Third Quarter - 10/04/07 03:23 PM
Myrtle Beach Area Real Estate Sales - Third Quarter, 2007
Overall:
Active Listings: 22,251
Sold in the past 3 months: 2,353
* 10.57% of the available listings sold in the past 3 months.
Homes:
Active Listings: 6,489
Sold in the past 3 months: 1,170
* 18.03% of the available listings sold in the past 3 months.
* Least expensive home available: $ 15,000 for a 2BR/1Ba, 41+ yr old single family home in Mullins on a quarter acre lot.
* Most expensive home: $ 26,500,000 for a 15,500 sq. ft, 41 room, 5 yr. old mansion on 230 acres, with several adjunct buildings, and it's own 17 acre, … (3 comments)
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real estate: Send Us Your Referrals, We'll Give You Your Vacation - 10/03/07 11:13 PM
"Referrals For Vacations"is our new Active Rain Group. Send us your clients who are coming to Myrtle Beach, Charleston, SC, or Wilmington, NC, or any coastal area in between, and we'll give you a 25% referral fee right at closing. As part of the "Thank You!" we'll help you find a great deal on accommodations, and help you plan your vacation at the beach, the way only "an insider" could. We also pay you a 25% Referral fee when you buy here yourself.
Start by becoming a member of our group and begin getting news from Myrtle Beach. Send us leads, we'll do … (4 comments)
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