The Meridian Mount Pleasant

Monday, July 19th, 2010 at 1:24 am

The Meridian Mount Pleasant

Foreclosures in Charleston, SC have been a lot more common the last few years. Once the housing market started cooling off lots of house buyers had bought properties they simply couldn’t pay for as well as the prices decreased below what they could sell them for.

Short Sales have also been more common. A short sale happens when a house owner owe more than the property is worth but has to sell it. Once a price is agreed upon along with a contract is signed by the buyer and the seller, the contract is sent to mortgage holder for final approval. This can take any where from four to 12 weeks to become complete. A short sale may give buyers a powerful way to buy a house for much less, however just about every short sale differs from the others and will depend on highly upon what the home owner is willing to do, not how qualified the buyer is.

To find out more on Charleston foreclosures and Charleston short sales contact us

For a free list of the best deals in Charleston, SC complete the form below

Foreclosures in Charleston, SC are actually increasingly more common the last few years. As soon as the real estate market started cooling off many house buyers had invested in real estate they just was not able to pay for and the values decreased below what they could sell them for.

Short Sales are also more widespread. A short sale occurs a property seller owe more than the property is worth but needs to sell it. Once a price is agreed on as well as a contract is signed by the purchaser and the home owner, the contract is sent to the lender for final approval. This process usually takes any where from four to 12 weeks to be complete. A short sale may give buyers a powerful way to purchase a house for a cheap price, on the other hand every short sale is unique and will depend on highly upon what the home owner is willing to do, not how qualified the buyer is.

To find out more on Charleston foreclosures and Charleston short sales call us today

For a free list of the best deals in Charleston, SC complete the form below

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