Short Sales on Hilton Head Island

Here’s a great blog written by one of our Windmill Harbour Real Estate Agents, Lonnie Goulet. She’s been on both sides of MANY short sales in the past few years and knows the ins and outs of the process. If you’re considering listing your home as a short sale or buying a short sale in the Hilton Head area, call Lonnie at (843)338-0094.

Short Sales
It seems like everywhere you turn today people are talking about short sales.  Who is doing one, a short sale they looked at to buy, short sales never work, short sales take forever — you name it it is being talked about.  While we have seen a huge increase in short sales over the past few years, they are hardly a new process.  Banks have been doing them for years.   A short sale simply means that if you sell your home, the purchase price is less than the loan amount to pay it off.  Because the Bank will not be paid in full, they will need to “approve” the sale.  If you have an experienced agent, the process will be much smoother and quicker.  It is also imperative that the seller have all of their financial information in order and pass it along to their agent quickly.  We have been seeing some short sales get done in as little as 3 months!!  For sellers that use the property as a primary home–we also have avenues available to request funds from the government to help with relocating expenses.    If you need to sell and want to find out the the real facts behind short sales, give us a call– we’d love to help.

Lonnie Goulet

The Richardson Group at Windmill Harbour-

Real Estate and Marketing

The Richardson Group has been selling Hilton Head real estate and Bluffton Real Estate since 1956. Currently, our agents share 150 years of local residency, along with a deep commitment to the people and places that make the area unique. We have two different locations, one in Hilton Head and the other in Bluffton. We specialize in helping you find homes for sale inHilton Head.

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