The National Association of Realtors (NAR) last week reported that on average, foreclosures sell at a 22% discount and short sales at a 17% discount. Sounds like a deal to me!
But – you need to understand that deals like these can have a downside…..Most Charleston foreclosures are not move-in ready, and may need some extensive TLC. Additionally, understand that title issues may exist which will need to be fixed before the transaction goes through.
Short sales can take between 2 – 4 months, and in some cases, even longer. Also, many short sales are sold “AS IS” as lenders are already taking a loss on the property and generally do not agree to requests for repair credits.
I’m certainly not saying you should stay away from foreclosures or short sales – I just want you to understand that you will need to be patient and know that there may be obstacles along the way.
If you're serious about purchasing a Charleston AFB short-sale or foreclosed property, it's important for you to have expert assistance and LOTS OF PATIENCE! But remember, your patience will be rewarded….as you will have paid 17-22% less for the home, and will have equity on day one!
About Military Homes of CharlestonMilitary Homes of Charleston is part of the Exit Realty Charleston Group and is a full-service real estate team based in Charleston , SC. Charleston
Torri Jacobsen, Military Homes of CharlestonBuying or selling a home doesn’t have to be hard, but choosing the right Realtor DOES make a difference. I specialize in making first-time home buying a great experience for military families moving to the Charleston , SC
Jodie Hurt, Military Homes of Charleston
I specialize in helping military families enjoy a smooth PCS in and out ofCharleston
I specialize in helping military families enjoy a smooth PCS in and out of
