The Myrtle Beach market has been very interesting. Short Sales in Myrtle Beach are being listed a prices that are cheap enough to attract large amounts of buyers to the area.

However there are several things to remember when you are looking at Myrtle Beach Short Sales.

Myrtle Beach Short Sales

#1 Just because it is listed for an amazing price that does not mean the bank is going to approve it to be sold for that price. I have saw some people get AMAZING deals on Short sales in Myrtle Beach but they ended up paying more than the asking prices.

#2 Just because your offer is cash that doesn't mean the bank is going to respond immediately. It could be weeks or months. If you are going to get a great deal on a Myrtle Beach short sale you need to be in it for the long haul. Don't look at buying a short sale if you need to move in the home within the next 30 days. The negotiators may take days or weeks to get back to you. These people in many cases have hundreds of files they are working on.

#3 If the seller has multiple liens or judgments then it lessens the likelihood that you are going to be able to buy the property. Chances are if they are not paying the payment they are not paying the Home owners fees, taxes  or anything else associated with the home. This is especially true when you are looking at Ocean front Myrtle Beach Condos.

Myrtle Beach Foreclosures

#1 In the Myrtle Beach market foreclosures have been being priced CHEAP. We are seeing banks dumping them now days. The market is only slow for the sellers who have their properties over priced. If it is priced right it is very likely it will get multiple offers.

#2 Foreclosures in Myrtle Beach are being sold AS-IS. The bank is making no warranties or guarantees and normally they are not willing to make any repairs. Chances are the negotiators have never saw the property except for in pictures.

#3 Sometimes there are better deals on the market. We see people who often say they want to just look at foreclosures but they often don't realize it but there are still a lot of sellers who can afford to sell at competitive prices.

Most importantly it doesn't matter if it is a Myrtle Beach Foreclosures  or Myrtle Beach Short Sale, getting a pre-qualification letter in our market will not only save you time when submitting an offer but it will let you know exactly what you should be able to afford.

For More information Check us out at Myrtle Beach Real Estate