Buying Hilton Head Area Short Sales
In the current national economy many parts of the country are in the midst of a serious housing mess. Foreclosures, abandoned properties, and complex financial transactions are common.
Hilton Head Island and the surrounding areas are not severely impacted by this situation. We have highly desirable beach, golf, and waterfront homes and fewer foreclosures and short sale opportunities.
Here’s the current list of short sale properties.
But there are some opportunities for the patient and determined homebuyer.
One of the approaches to selling a soon-to-be foreclosed property is the short sale. Essentially you, the buyer, offer the owner, an amount that is less than the mortgage amount and the mortgage holder agrees to take a less-than-full payment to end the mortgage.
Here’s how it works:
- First, find properties that are listed for short sales.
- Next, take a hard look. A short sale has no contingencies. It’s “as-is.” A neglected property may appear to be a bargain, but there could be significant costs after you buy it.
- Make your offer.
- The holder of the mortgage will consider your offer. This can take a considerable amount of time, typically weeks and sometimes months. And offers are commonly rejected or sold to another party without you even having a chance to counter offer.
- If they accept your offer, you close.
If you’re lucky, you might get a great deal. But you could also wait weeks or months and you may miss out on buying your dream home on Hilton Head Island.
Hilton Head Area Short Sales
|All Listings||Under $100,000||$300,000 - $400,000|
|$400,000 - $500,000||$500,000 - $600,000||$600,000 - $700,000|
If you want to pursue it, we’d be happy to help. Dunes Real Estate has Realtors experienced in short sales and we’d be happy to help you try and land that amazing bargain.
Please feel free to call us today at 800-258-5202 or fill out the simple form below...
We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an "as is," "as available" basis only and may not reflect all real estate activity in the market. © 2018 Multiple Listing Service of Hilton Head Island, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Multiple Listing Service of Hilton Head Island, Inc.