Myrtle Beach, South Carolina's attractive coastal city, is known for its pristine beaches, lively entertainment scene, and growing real estate market. However, Myrtle Beach, like many other areas, has seen fluctuations in its real estate market, resulting to an increase in short sales.
A short sale occurs when the homeowner owes more on their mortgage than the property's current market worth. In this case, the lender agrees to accept less than the loan total in order to sell the property. This can be a good alternative for homeowners who are suffering financial difficulties because it allows them to prevent foreclosure and potentially protect their credit score.
Short sales provide buyers with the opportunity to acquire properties at below-market prices. This can be an appealing alternative for people looking for a good deal or a fixer-upper property to renovate. Furthermore, short sales generally entail lender discussions, allowing purchasers to potentially achieve a better price than with standard house purchases.
Our experienced real estate agents are committed to aiding buyers and sellers in navigating the complexity of Myrtle Beach short sales. Contact us today to discuss your short sale goals and learn how we may assist you in achieving your dream of homeownership. (843) 796-2111