Myrtle Beach leads the Grand Strand in Short Sale Listings

Short Sales

While Horry County ranks third highest for foreclosures in South Carolina a positive sign in the real estate market can be attributed to the increase in short sale listings along the Grand Strand.  Short sales are far better than foreclosures for struggling homeowners and neighboring property owners.  Currently Myrtle Beach leads the Grand Strand in Short Sale listings with 191 single family homes offer as short sales versus 94 bank owned properties.

Murrells Inlet has 37 short sale listings and 22 REO of 526 single family listings while Pawleys Island only has 3 REO listings and 16 short sales.  Georgetown has 20 REO listings and 17 short sales of 253 listings.  Currently there are 279 REO listings in the CCAR MLS while there are 461 Short Sale listings and buyers also understand that short sales are a good alternative to foreclosed homes as they are often in much better condition.

The short sale trend is likely to continue as homeowners become more educated about the benefits of working with their bank to sell their homes instead of letting the home go to foreclosure.  A short sale has much less negative impacts on credit scores than in the past and homeowners are also coming to realize that foreclosures can hurt them tremendously especially where employment is concerned since employers are turning to credit scores when making hiring and promotion decisions.

Short sale processes have been streamlined by banks and the real estate community is more educated in how to serve their clients that need to sell their home when they owe more than it is worth.  If you or someone you know is having difficulty making mortgage payments and need to sale your home contact us for more information on how a short sale might be of benefit.

Copyright©2012 Sandra Bundy, Broker-in-Charge, B&P, Inc.  Serving the Pee Dee and Grand Strand of South Carolina.

Antiques Roadshow ~ Checking out local History for the 2013 Season

Antiques Roadshow in Myrtle Beach

In my book there is nothing else like the excitement of having a long held family treasure or garage sell find being appraised by the Antiques Roadshow and this weekend scores of people will be at the Myrtle Beach Convention Center to do just that if they were lucky enough to get a ticket to the event.

This week the Roadshow Crew landed in Myrtle Beach and has wasted no time in hitting some of the public treasures found along the Grand Strand.   No doubt Brookgreen Gardens was on the top of their list and according to their Facebook status updates they were there filming on Thursday and it is very likely Atalaya Castle was filmed too.  Today they were at Hobcaw Barony and surely will be hitting Historic Georgetown later in the day.

While living here we sometimes forget all the great historical sites we have access to in Murrells Inlet and along the Waccamaw Neck when the show airs for the new season of the Antiques Roadshow in 2013 it will certainly provide a glimpse into this wonderful place we call home.

Follow me on twitter for live updates from the Myrtle Beach Convention Center tomorrow as I brave the crowds for my appraisal.  Who knows you might just see me on TV.

Myrtle Beach, SC is waiting for you!

No matter what you have in mind for your place at the beach we are here to help! Call Sandra Bundy @843-902-7615 for more information.