Myrtle Beach Short Sales: Real Estate Fact or Fiction?
Many buyers tend to stay away from the term "short sale", simply because they don't know what it is! What they also don't know is that they are missing out on a great deal! There are also many realtors that dislike short sales because they mean extra work and not as much commission. The key is to find a great realtor who is willing to go to work for you!
So what is a short sale?
The name can be misleading, as short sales can take longer than a regular sale. The homeowner's lender can agree to a discounted payoff so that the seller can walk away and the buyer can get the home for less than is owed. For the seller that may be upside down on their mortgage, this enables them to get out of a property they can no longer afford. The lender saves money on costly legal fees for the foreclosure process and is able to get it off their books. For a buyer who can afford to wait it can mean a great deal on a new home! A short sale is when a homeowner cannot afford their home any longer and is in danger of foreclosure. Foreclosure is an expensive process for both the lender and the homeowner, so a short sale becomes a more attractive option. Short sales are a great option for the buyer too, as they can get a property at a great price!
How can I get in on this?
Get an agent who has experience in dealing with short sales! A lot of agents have become discouraged with the short sale process. Depending on the bank, it can take longer than a traditional sale. Sellers can benefit from a short sale and avoid foreclosure. It may be the best option for them as they can start rebuilding their credit. It usually requires extra paperwork for the buyer's agent, but if you have the right agent working for you it could be a great deal. The key to having a good short sale experience is having someone who knows how to handle the process. Banks are becoming more receptive to short sales, and as a result, more are getting approved.
Short sales: APPROVED!
The Jerry Pinkas Team has its own dedicated Short Sale Department. They use their significant experience to work with the banks and lenders to get your offer approved. Whether you are a buyer or a seller, our team's track record works to your advantage. The Listing team goes to work for you immediately to ward off any deficiency judgments against you and get your house sold. Our Buyer's Agents have what it takes to get their clients a great deal on a short sale property and will go the extra mile! Our team of experts is always working together to find answers to financial issues in the area and use that knowledge to help clients get exactly what they are looking for. Our Buyer's Agents and our Listing team combine to make a formidable amount of expertise on what the Grand Strand has to offer! Put that knowledge to work for you!
Are you upside down?
- Behind on mortgage payments?
- Adjustable-rate mortgage resetting?
- Owe more than your home is worth?
- Worried about your credit?
We can help you avoid foreclosure now!
Looking for your dream home at a great price?
- Short sale listings in the Myrtle Beach area
- It has never been a better time to buy!
- Whether you are looking for an Oceanfront investment or a Golf Course property, we are the experts!
Buy a Myrtle Beach Short Sale!
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