If you pay attention, you may be able to buy a foreclosure on Hilton Head Island. These “Bank Owned, Real Estate Owned(REO) or sometimes “Corporate owned” properties can often offer buyers an opportunity in price, location and sometimes even condition, below fair market value. If you want to get the jump on these REO properties, we can hook you up on a real time link as they are listed for sale. Noted below are several important notes for buyers if they decide to purchase an REO on Hilton Head Island. Continue reading
Tag Archives: foreclosures
Hilton Head’s DailyDeals
Want to get our DailyDeals list emailed to you every morning? The list below was sent to us yesterday as we subscribe to watch the latest and greatest homes on the Island. We can customize your list to include homes, villas or lots in the area you are researching. We can include short sales or foreclosures too! Just email us and write DailyDeals in the subject line. Thank you.
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Short Sellers ~ No time to Procrastinate
If you are a seller and you owe more than your house is worth, you may not want to kick the ball down the street until next year. The debt forgiveness bill that expires in 2012 for permanent residences is something sellers should take a serious look at. For example, if I purchased a home for $200,000 and then sold it at market value for $100,000, I would not have to pay taxes on what is considered $100,000 in earnings. After December 2012, this may no longer be available to borrowers! Continue reading
Is your Hilton Head property working for you or against you?
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
Short Sales vs. Foreclosures on Hilton Head
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.
How to Find Great Hilton Head Real Estate
We have created some great searches on our website www.HiltonHeadRealEstateNews.com. These searches include doing a Hilton Head Island Map Search which allows you to see the location and than find out more about the properties. Those that are looking for the hottest and best properties might want to check back frequently for our Search for New Hilton Head Listings which highlites the best new listings in the last week. Of course , there are those that love the bargains and you can always find our Search for Hilton Head Short Sale Properties or our Search for Hilton Head Foreclosures enticing with the very best distressed properties offered. We never ask you to sign in to get information, but would love to know if we can help you as you research this market. We can set you up to receive great and new updates on the properties and areas you have interest in by clicking here Continue reading
Due Diligence and property inspections on Hilton Head Island
Although some properties today are selling “as-is” usually there is some time frame that Hilton Head sellers will give a buyer to complete a property inspection. While property inspections cost about $500 dollars depending on the size and type of property, they are well worth this out of pocket cost for the purchaser. Within a few days the home inspector will send via email photos and detailed information about the property that helps a buyer understand their new property and may identify any areas that may require more review. Continue reading