Today, selling and buying short sales is on the rise due to a few simple factors:
- Banks are cooperating. There are advantages for the bank to approve short sales versus taking properties back via foreclosure. It saves the bank money.
- Short Sales are a faster approach to getting bad assets off Bank's books.
- The temporary halt of foreclosures pushes buyers and realtors to these listings.
- Banks are getting their processes down. What was once a very confusing transaction is now much more predictable. The process is getting easier.
In addition, real estate agents are more educated and informed of the short sale process making it a smoother transaction for the buyers and sellers.
If you are an investor looking to buy quality properties at a discount then you must consider Myrtle Beach short sales. Good foreclosure deals are drying up fast.
If you are a property owner that is having a hard time making your payments. Now is the time to process a short sale. The banks are starting to deal.
At Century 21 The Harrelson Group, we are trained, certified, and have years of experience in handling distressed transactions. We can advise you on how to navigate through these transactions.