• About WordPress
    • WordPress.org
    • Documentation
    • Support
    • Feedback
  • Log In
  • Search
    • Myrtle Beach Real Estate Search
    • Condos for Sale
    • Myrtle Beach Homes for Sale
    • Popular Neighborhoods & Buildings
    • Featured Properties
      • Homes with Pools
      • Intercoastal Waterway Homes & Condos
      • 55+ Communities
      • New Construction
      • Just Reduced !!!
    • Popular Condos for Sale
      • A – E
        • A Place At The Beach At Crescent Beach
        • A Place At The Beach At Shore Drive
        • A Place At The Beach At Windy Hill
        • Arcadian Dunes
        • Anderson Ocean Club Condos
        • Anderson Ocean Club Condos for Sale
        • Avista Resort
  • Blog
  • About
    • A Note from founder of Dreamlife Realty
    • About Dreamlife Realty . . .
    • Meet the Dream Team
    • The Dreamlife Values
    • Dreamlife Careers
    • Dreamlifer Stories
  • Login
  • Logout

Browse:

  • Home
  • Buying a Myrtle Beach Home
  • Buyer Tips
  • 5 Aspects of Short Sales

5 Aspects of Short Sales

Leave a Comment

5 Aspects to Know About the Short Sale Market
The short sale market in areas such as Myrtle Beach
is booming. Lenders are more willing than ever to
work with people who have the potential to purchase
the property that would otherwise enter
foreclosure. And, in the Myrtle Beach real estate m
arket, it is particularly beneficial to buy because
there are short sale real estate agents ready and e
xperienced enough to help you. But, before you take
a
step towards this process, there are some things yo
u need to know.
1.
Know the process is unpredictable. There is no way
to guarantee the transaction will occur, the
price will stick or that the process will be fast.
You want to work with a real estate agent that
provides you with real information about the likeli
hood of the process occurring.
2.
You may find the process emotionally challenging.
You may find that the process has a lot of
ups and downs. Minimize these by hiring an effectiv
e agent.
3.
You need a good seller’s agent. In short, the selle
r’s agent can help the process to speed up, if
and when he lists the property properly and ensures
the seller is a qualified short sale. Be sure
the seller’s agent is experienced in short sale rea
l estate before entering the contract.
4.
Not all short sale sales are good deals. In other w
ords, you may not always get the well below
appraisal value you are hoping. You should not spen
d more than the appraised value, but not all
transactions are significantly lower. This does not
mean, however, you will lose money.
5.
Banks do not care about your circumstances. In shor
t, no matter if you are buying short sales or
selling as a short sale, the bank is only intereste
d in its bottom line. By understanding this now,
you can reduce your own risks.
In many cases, the short sale market is lacking in
overall appeal to some buyers. On the flip side, if
you
are willing to wait and you want a great deal, the
short sale market in areas such as the Myrtle Beach
real estate market, you are likely to be successful
.

[wpdreams_rpp id=1] .

Leave a Review/Comment Cancel reply

Your email address will not be published. Required fields are marked *

Dreamlifer Spotlight

Dreamlifer - David Pisarchik - Living the dream life at Barefoot Resort in North Myrtle Beach

Sometimes you know you were meant to be in a certain place at a certain time... That’s how Dave Pisarchik felt when he visited a friend in Myrtle Beach about a year and a half ago. The Johnstown, Pennsylvania native had made the trip south to … [Read More...]

Real Estate by City

  • A Place At The Beach – Cherry Grove Condos for Sale
  • Garden City Properties for Sale
  • Little River Properties for Sale
  • Myrtle Beach
  • Myrtle Beach Condos for Sale
  • Myrtle Beach Homes for Sale
  • North Myrtle Beach Properties for Sale
  • Pawley's Island Properties for Sale
  • Surfside Beach Properties for Sale

Popular Areas

  • Arcadian
  • Kingston Arcadian Condos for Sale
  • Ocean Creek Condos for Sale
  • Shore Drive Condos for Sale

DREAMLIFERS

Facebook Pagelike Widget

Contact us at: 800.380.9798

  • RSS
  • Twitter
  • Facebook

Search Communities

Barefoot Resort Homes for Sale
Kingston Plantation Homes for Sale
North Beach Plantation for Sale
Ocean Keyes Homes for Sale
Grande Dunes Homes for Sale
Ocean Creek Condos for Sale
Myrtle Beach Condos for Sale
Condos for Sale by Building
Homes for Sale by Neighborhood
Motivated Sellers

About the Company

DreamLife Realty
Licensed
Real Estate Agency

2411 Oak St - Founder Centre

Myrtle Beach, SC 29577

Myrtle Beach Real Estate for Sale

Popular Myrtle Beach Real Estate Searches

Connect with Us

RSS Twitter Facebook Linkedin

Email Us: info@dreamlifemyrtlebeach.com
Phone: 843.628.3604

Fax: 800.380.9798

Copyright © 2023 · RealtyCandy real estate websites· Log in