Joint Base Charleston Real Estate

What Charleston AFB Families Need to Know About Short Sales

March 15th, 2011 7:53 PM by Jodie Ford

Short Sales! What You Need to Know

Are you looking to take advantage of the great buys available in the Charleston AFB area? You’ve heard all the talk about the huge inventory of ‘short sales’…….But exactly what is a short sale? And what does it mean to you?

Simply put, when a home is sold for less that what is owed, the sale is considered a short sale.

You're a good candidate for a short-sale purchase in Charleston if:

  • You're VERY patient. Short sales can take between 2 – 4 months, and in some cases, even longer.
  • If you're preapproved, have a large down payment, and can close at any time, your offer will be viewed more favorably than that of other buyers.
  • You don’t have any contingencies. Lenders like no-contingency offers and flexible closing terms.
  • You understand the property is often sold “As Is”. Lenders are already taking a loss on the property and generally do not agree to requests for repair credits.

If you're serious about purchasing a Charleston AFB short-sale property, it's important for you to have expert assistance. A qualified real estate professional will be able to show you short-sale homes, help negotiate the purchase when you find the property you want to buy, and smooth communications with the lender.

The risks of a short sale are considerable, but can be well worth it! If you have the time and patience, and the right real estate professionals on your side - a short sale can be a win for you and the seller.

About Military Homes of Charleston
Military Homes of Charleston is part of the Exit Realty Charleston Group and is a full-service real estate team based in Charleston, SC. We understand the appeal of living in Charleston and the challenges that come with moving to a new neighborhood or state. So whether you’re looking to buy a dream property or sell one, we can help.

Torri Jacobsen, Military Homes of Charleston
Buying 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 area. Call (843-475-9313) or email today, and let’s make this your best move yet! You’ll feel right at home with me. Email Torri or Visit Me On Facebook!

Jodie Hurt, Military Homes of Charleston
I specialize in helping military families enjoy a smooth PCS in and out of Charleston. I have a passion for helping people, and I love what I do. Call me and let me make this the easiest PCS yet! Email Jodie

Charleston AFB Real Estate, Charleston AFB Real Estate For Sale, Charleston AFB SC, Joint Base Charleston, Joint Base Charleston Real Estate

Posted in:General
Posted by Jodie Ford on March 15th, 2011 7:53 PM


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