Brushing Up On The Pros And Cons Of Myrtle Beach Short Sales

Myrtle Beach Short SalesA lot of real estate investors and home buyers today are opting for Myrtle Beach short sales instead of the traditional home purchase. There are lots of reasons for this, which most definitely include the much lower purchase price of short sale properties as well as the abundance of them. And if you work with a highly experienced real estate agent, the entire process will not take as long as it normally would.

On the other hand, if you’re still not sure about buying short sales, it is wise to look at its pros and cons first before making any purchases.

What are the pros of a Myrtle Beach short sales?

Obviously, the savings you’ll get from investing on a short sale is probably its most popular advantage. Because short sale properties are listed for a lower amount than what is necessary to cover mortgage debts, you as the buyer will be able to obtain a substantial amount of savings that you can use in some other ways.

Another big advantage is the number of competition in the market. Industry experts agree that there is less competition in the short sales market than other specific types of real estate market. With little competition, you’ll surely be able to find your dream home and purchase it at a good deal.

What are the cons of Myrtle Beach short sales?

The most common disadvantage of a short sale is the length of the entire process. Because there are lots of individuals and professionals involved in the process, people you need to get the approval of, the entire process takes longer than necessary. Aside from this, buyers should also be prepared for and well equipped to meet various deadlines and requirements.

Another common disadvantage are the additional repair costs and expenses that you will surely have to pay for after purchasing the property. Expect that there will be repairs and fixes needed on the house. These are common in every short sale. On the other hand if you were able to get a really good deal on the property, you’ll end up getting more money left for the repairs. Work with a professional real estate agent to ensure you find the best short sale deals.

The key to successful Myrtle Beach short sales is working with a professional and experienced real estate agent. Contact Jerry Pinkas Real Estate Experts now.

Jerry Pinkas Real Estate Experts
604 N. 27th Ave
Myrtle Beach, SC 29577

Helping you find the best Myrtle Beach short sales.

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