Short Sales in Myrtle Beach

Saturday, January 24th, 2009 | No Comments »

Before the real estate market started to soften a Short sales in myrtle beach was almost unheard of. It just wasn’t difficult at all to to sell myrtle beach condos and atleast get your pay off amount.

That has all changed now and as a result of forecosures and  having to compete with banks to sell a home short sales are becoming more and more common.

They idea of a myrtle beach short sale is so new that a year ago it would have been nearly impossible to find an agent who had completed a short sale. Even now it is difficult! The reason being is they are difficult, time consuming and require negotiation skills that many agents just don’t have!

A normal real estate transaction can be stressful and time consuming. A short sale can take weeks just for a bank to respond to an offer.

As short sale specialist, our team is experienced and has the systems in place to make doing a short sale a lot less stressful and time consuming.

If you own a home that you owe more on than it is worth, contact us, foreclosure is not  your only option

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Myrtle Beach Short Sales

Monday, January 19th, 2009 | No Comments »

A short sale is a fairly new term for most people. Just a few years ago doing a Myrtle Beach Short Sale was almost unheard of! The real estate market has change in the last year especially and short sales are becoming a common place in the Myrtle Beach Real Estate market and it looks like this is going to be around for a while.

A Short Sale is when you are upside down on your mortgage or owe more than the home is worth and the bank allows you to sell for less than you owe.

Now this is not just an easy process that any real estate agent can assist you with. It takes persistance and phenominal negoiation skills. This process could take months to complete.

For the home sell this option is better than letting their home or condo go into foreclosure. The reason being is it is not showing up on your credit as a foreclosure.

You are probably asking what happens to the remaining balance owed on your mortgage? Well that remaining balance is also up for negoiations too. In some instances the banks have forgiven then entire difference with no penalty to the home owner.

A Short Sale on your Myrtle Beach condos doesn’t stop foreclosure but from our experience we have saw it delay it if you have an offer.

If you are upside down on your Myrtle Beach Condos or homes and need to get out from under it Contact Us

You need an experienced real estate agent who has negoiated with banks!

myrtle beach short sales

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A Mistake many sellers are making

Wednesday, January 14th, 2009 | No Comments »

Last month there were over 200 Myrtle Beach Foreclosures sold on the courthouse steps.

The sad part about this is many of them could have sold months ago and did not have to go into foreclosure.

Of course the only person that can stop the foreclosure process is the bank, but we are not talking about that. One of the alternative action many of these sellers could have made it to negotiate a short sell with their bank.

Short Sale in Myrtle Beach seem to be one of the most misunderstood area of the market. The reason being is many agents have never completed a short sale.

Not every seller can do a short sale and definitely not every real estate agent is equipped with the tools to be able to successfully complete a Myrtle Beach Short Sale. The reason being is most just do not have the experience.

During the peak of the market there was no negotiating, everything was a full price offer. Because of this many agents did not develop the negotiation skills necessary to succeed in a down market.

The sad part of this story is not every person had to be foreclosed on.

if you are one of these people that may be facing foreclosure you should Contact Us Immediately!

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