This short video offers some ideas from a local short sale negotiator on Hilton Head Island. This negotiator was educated by a declining market and worked in the mortgage industry, moved to loan modifications and now helps negotiate short sales with banks. He has developed the skills and relationships that can help him navigate through the short sale process better than others that do not do it every day.
[youtube]http://www.youtube.com/watch?v=qaRLXB1Z5TU[/youtube] Continue reading
Cash buyers are heading to the closing table in October. One of our buyers said it this way, “Real estate represents an asset class that is undervalued, stocks are too volatile and the banks are paying us nothing on our savings, so we might as well do something fun with this money.” This buyer was our 4th cash buyer in October. It is our hope this trend continues! Continue reading
We love this time of year. The pace is slower, the properties are better and the negotiations more relaxed. If you are a seller, there are steps that we can take to close out your property by year end. If you are a buyer there are present opportunities that are available now that will be gone come the new year. Continue reading
Right now, distressed sellers should choose a Short Sale over foreclosure. Given that South Carolina is a recourse state, distressed sellers or property owners that are under water with their mortgage should consider taking action now. In Florida, Wall Street Journal reports that some banks are going after sellers that may have had their homes, condos or second homes foreclosed upon. In fact, there are now investors buying up these deficiency judgements. The key for distressed sellers is that in a successful short sale negotiation it is possible to convince the lender to give up their pursuit of the deficiency judgement against the property owners. Here are some other reasons to consider a Short Sale vs. Foreclosure. If you would like for us to answer your questions or better explain the process, please email us at robbie@robbiebunting.com or call me direct at (843)842-0805
Those that purchased real estate on Hilton Head Island at the height of the market(mid 2000’s) may feel a bit trapped, but we are finding solutions to help get our market moving. If your Hilton Head property is holding you back from major things that you want to pay for or purchase in the next few years, we would like to talk to you. Continue reading
I believe short sales are misunderstood and under-marketed. For some reason the majority of buyers walk in or call us about foreclosures and never ask about short sales. Seems to me the benefits of the short sale out-weight the faster closing foreclosure in many ways for all involved. While short sales in the past got a bad rap, when we put a negotiator into place we are now 90% successful on closing our short sales.
Some of our short sale sellers on Hilton Head Island have included villa owners, second homes owners on the beach, permanent residences, horse farms and even large estates. These sellers went to a sales price below what they owed in order to get their property sold. My team than successfully negotiated these short sales with the sellers banks. Through these experiences, we have put together the experts, established the contacts, and gathered the tools to successfully handle short sales on Hilton Head today. Continue reading