Short Sale Listings in the Hilton Head Area
All Short Sale Homes Listed For Sale
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What is a Short Sale?
A short sale listing is a property where the seller owes more than the property is worth today. Often buyers acquire a short sale for 10 - 15% less than current market value. The disadvantage for the buyers is that they often have to wait three to four months, sometimes longer, for the seller's bank to decide if they'll take less than they are owed.
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Buying a Short Sale
Due to the recession choices among short sale homes are fairly numerous, although not as numerous as a year ago. The number of short sale homes is declining. It is very important when buying one, to evaluate two things. One, even though it is a good deal, is it the home you really want? Would it be better to pay a bit more and live in a home you love? Two, assess how much extra you'll have to pay to make the repairs and upgrades to bring it up to your standards.
"How's the real estate market in the Hilton Head Island-Bluffton area," is a question we hear all the time. Naturally people want to know if this is a strong, medium or weak market. We've created a page that we update every month to give you that information. To peruse that data, click here: www.HiltonHeadMarketInfo.com.
If you have questions about specific home or real estate in general, contact us. We're happy to help find your dream home.