The big buzz words in real estate right now are “short sale.” Everyone knows someone who’s bought one and gotten a great deal. So lots of folks are coming in and wanting to get in on the action. Unfortunately, most people don’t understand what they’re really getting into when they choose to pursue a short sale transaction.
There are plenty of naysayers out there who will deny, deny, and discourage you from ever attempting to buy (or sell) a short sale. However, while they’re certainly not for everyone, there are some great deals out there for the right buyers and the sellers who can convince their lenders to let them sell. If you have questions on the short sale process, I know how to get to closing. Call me, I’m happy to help.
Now here’s some current market info on Crowfield Plantation in Goose Creek, SC, along with a list of today’s short sale opportunities…
If you drive through Crowfield today you will see 100 houses on the market. Eleven of them, or 11%, are short sales. I was shocked to see that there are NO foreclosures on the market right now in this neighborhood. Homes are priced from $119,000 to $950,000 and have been on the market an average of 133 days. Note that several homes have been on the market well over a year. Average price per square foot for active listings is $112.
These are today’s short sale listings in Crowfield Plantation:
- 109 Downing
- 138 E. Hartwick
- 111 Candleberry
- 204 Challis
- 131 Chatfield
- 123 Fairhaven
- 103 Sully
- 101 Tattingstone
- 131 Dasharon
- 100 Clearview
- 127 Welchman
This is a link for more information about today’s short sale listings in Crowfield: http://ctarmls.com/CharlestonReports/ListitLib/show_report.aspx?ID=5936278968
**The link will only work while there are no changes to the listings included in this list. If one comes off the market or changes in price, the link will stop working.
Please call me for the most current short sale listings and information.
Short sales are a nuisance to the market. In many cases they just lay there and attract very low bids. The banks should establish a market response quickly and get the ball rolling and not leave it lay, declining in price.
Richard,
Thanks for your comment. In my experience short sales are a frustrating experience for everyone involved. Sellers are desperate and hopeless, agents are under the gun to sell before foreclosure, banks are reluctant to communicate, buyers want to underbid and then don’t have patience to see the deal through. I agree it will be nice when they are flushed out of the market.
Stephanie