Myrtle Beach Real Estate & Short Sales… the more you know, the easier the process.

Myrtle Beach Real Estate and short sales are becoming synonymous. Short Sales have been around for a while, but more and more in the current economy short sales are becoming a bigger and bigger part of the real estate market and profession as a whole. A short sale is when the lender of your mortgage agrees to take a lower amount for your home that what your mortgage is for. Now this is not just something you can call your bank and tell them to take less. First, there must be a hardship for the bank to look at, and if you are accepted your credit score will still be affected and you might even have to pay taxes on the amount the bank losses. Short sales used to be just a very small part of the real estate market. We have been working in short sales for years and are very versed in the process and what it talks to both sell a home through short sale and to buy a home that is in the process of being sold through short sale. We were recently interviewed in a local article in The Sun News and in this article, it was estimated that 10 percent of condo sales were short sales and 8 percent of single family homes were sold through the short sale process. These numbers do not seem to be going anywhere but up either. In the real estate market, it is getting more and more important to have experience because just the smallest mistakes can cost a seller or buyer time and money and even can cost a home to not close at all. That is why it is more and more important than ever that when you chose to buy or sell a home whether through short sale or not that you take time and make sure the real estate professional you are working with has all the tools and knowledge to meet all your needs. If you have any questions on short sales, Myrtle Beach, or real estate please visit www.myrtlebeachrealestatetoday.com :: :: :: :: :: :: :: :: :: :: ::