If you are interested in finding out more about short sales and the benefits, please call or email us today.  We have available local Hilton Head short sale specialist and investors that may be able to prevent foreclosue.  Read below their checklist and call us! 

Qualifying Questions for a Short Sale:

• Are payments currently being made?  If not, when did they stop?

• Has the bank filed a Notice of Default yet (a certified letter would have arrived)?

• Is there a Sherrif Sale/Auction date? If so, when is it?

• How many mortgages are there?  What are the approximate balances owed on each?

• Who are the mortgage company(s)?

• Are taxes being paid with the mortgage payment (escrowed) or is the homeowner responsible for them separate?  Are they current or delinquent?

• Are there any other judgments or liens that the seller is aware of (child support/alimony, credit cards, back taxes owed, homeowner association dues, etc.)?

• Is the house currently listed on the market with a Realtor?  (If so, what is the list price, when was it listed, and how has the showing activity been?)

• Have any offers/contracts been presented the bank yet? (If so, how much was the offer and what was the bank’s response?

• Who is on title(deed)? And who is on the actual mortgage?  Who signed the note?

• Was this a primary residence or an investment property (or 2^nd/vacation home)?

• Is the property currently vacant?  (If not, who is presently living there?)

If you would like to talk to our short sale specialist, please email islandrealtor@hargray.com  or call direct at (843)842-0803 and we will put you in touch.  We have investors available to buy short sales with little notice.  There is no reason to let your home go to foreclosure without talking to our specialist.  Thank you.

Sellers sometimes are fearful when they look at how much they are selling their current home for when they think about replacing it with something equal or better.  The answer to this fear is that sellers can make up losses when they buy in the same market.  Below a friend recently sold his home and moved to North Carolina and realized savings even though he sold for less!  

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We recently found a source for home-site(lot) financing on Hilton Head Island.  For a limited time because the Island has a limited resource of land, lots offer some very compelling pricing and incredible locations on Hilton Head Island right now.  Listed below are the basics from Alan Perry from Synovous Mortage.

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Island Photo and Camera

890 William Hilton Parkway, Suite 54

Located in The Fresh Market Shoppes

843.842.5252

15% OFF ALL PRINTS, PHOTO GIFTS

 AND ACCESSORIES

Located in The Fresh Market Shoppes at 890 William Hilton Parkway.  843.842.5252.  Open 9:30 am– 5:30 pm Mon-Friday, 11:00 am-4:00 pm on Saturday. The areas only full service camera store and photo finishing, carrying a complete line of camera accessories for the photo enthuiasists.  Authorized dealer for Nikon and Sony.  Forgot your battery charger or need an extra battery or memory card? – we carry a complete selection.  Just tell us you saw it on Robbie’s blog to get the discount.

15% off all accessories, photo gifts and prints, including beach portraits.  Discount does not apply to cameras and lens.

They say timing is everything and that is true with real estate.  We have arranged the perfect opportunity for a “down the road” home owner or an investor on Hilton Head Island to get ground floor pricing on a brand new home.  The home builder, land developer and Realtor have all sharpened their pencils to provide the best deal on two new homes on Hilton Head Island.

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The most critical information that our Hilton Head Monthly Market Trend Report conveys is what I call the “Big Three”.  These are the vital statistics for determining negotiation or pricing and include:

1. Average List price to Average Sales Price ~ This is a direct indicator of negotiation opportunity and the firmness of the market.  Buyers and sellers can benefit by understanding this number
2. Average Days on the Market ~ This time frame applies to properties that are priced correctly for their condition and location.
3. Average number of listings taken vs. Average number of sales in a given period which will give us the number of months of inventory that available for sale.  This can help buyers and sellers determine strategy.

This report is a snapshot of how the market place has performed in the recent past, which is often a good predictor of future market performance for sellers and buyers.  If you would like to receive a monthly report by mail or e-mail, please email us at robbie@robbiebunting.com or call Jane Hyers to set up a phone appointment at (843)785-7111.  This is not only a good map of where we have been, it points to where we may be going.  Happy Hilton Head!  Robbie Bunting

One buyer from last year, just purchased their 3rd home because they put long term renters(greater than 12 months) into the other 2.  I called them before they closed on this home and offered another long term rental prospect, but the buyer wanted a place that they could use and enjoy(for this winter at least until we find another one for them).  We asked a local long term rental expert, Keith Miller from Miller Long Term Rentals to share with us some information about the long term rental market needs. Read the rest of this entry