Greenville SC Short Sales and Short Sales for Sale in the Upstate
Short Sale Homes for Sale in Greenville SC Area
Short sales create an opportunity for buyers to get a great deal but please note that when buying a short sale, the home buying process takes longer to close compared to a traditional real estate transaction. Before you jump and decide to buy a short sale property you should at least know what a short sale is.
Short sales are usually initiated by indebted owners whose home values have dropped by 20% or more. They get permission from the lender that holds the mortgage to execute a short sale selling the home for less than the amount owed to the lender. This transaction benefits the lender and the indebted homeowner. The lender can avoid the expensive and time-consuming repossession of the property whereas the seller can avoid the negative credit ramifications of foreclosure.
Short sale transactions tend to be lengthy and paperwork-intensive. If you put an offer on a short sale property be prepared to wait. The short sale process can sometimes take up to a full year. This is because you are negotiating both with the seller and the lender that holds the mortgage. You will negotiate first with the home seller and then seeks approval on the purchase from the lender. Even if the seller has accepted your offer, you do not have a deal until the lender accepts your offer.
If you found that your dream home is listed as a short sale or you just want to get a good deal, go ahead but be sure to exercise caution. If you don’t have the patience and a thorough understanding of the process, you may want to think twice about making an offer on a short sale home. Yet, short sales can be really a good deal if closed successfully. That’s why it is important that you choose the right agent with substantial experience in dealing with short sale transactions.
The J Michael Manley Team has built a reputation as a knowledgeable, hard-working, tech savvy Greater Greenville Area Real Estate team. We specialize in foreclosures, short sales and Buyer and Seller representation. Over the years we have helped many people purchase their homes and we do our best to give the highest quality of service to our clients. Call us at 864-881-1258 and let’s talk how we can help you.
Greenville SC and Upstate SC Short Sale Listings By Price
|Under $100,000||$100,000 – $200,000||$200,000 – $300,000|
|$300,000 – $400,000||$400,000 – $500,000||Over $500,000|
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I would highly recommend the J. Michael Manley team for any and all real estate referrals in the Greenville area. As a fellow agent referring very close friends of mine, I wanted to make sure they’d be taken care of well, and J. Michael Manley assured me they would receive his team’s very best service. He did not disappoint. My friends were delighted when they found the home of their dreams, which was new construction, and J. Michael Manley was able to negotiate the price down plus add in so…
I have been wanting to purchase a home now for quite some time but didn’t think I was ready. After being called as a reference for a friend joining the JMM Team, she asked if I knew anyone looking to buy. I mentioned that I might be. I was able to set up an appointment with an old friend, Erika. Erika was amazing!! She even met us to show us a home at 7 pm on a Sunday evening (her day off) but wanted to make sure we were able to place an offer on this house if we wanted since there were alr…
We began working with Donald in early July, 2016. Today, on 10/24/16 we closed on our home in Greer. Donald kept us current on market trends here, even though we were living in Florida during most of the property search. Donald was never too busy to return our calls or emails and he met us several times at the home we were buying in order for us to get estimates for future work to be done. He guided us through the entire process with his calm, focused demeanor. He has been a pleasure to work …
Working with Erika Bennett and her team was the best decision we made. The buying and selling process isn’t easy, but they made it as simple and efficient as they could. They assured us along the way and were very quick to answer questions and give advice. Erika’s advice on selling our home was spot on. Our house sold almost instantly and had multiple offers from which to choose. There are so many choices in realtors which is overwhelming, but this team has it down to a science with an equat…
My husband and I met with Michael in mid-December, our house went on the market January 16th and was under contract January 19th. Michael and his team are amazing at what they do and did everything could to help us. We were out of our old house and in to the new one within a month of our house going under contract. I would highly recommend using the J. Michael Manley team for buying and/or selling. They made the hassle or buying and selling so easy and everything was very smooth.
The J Michael Manley team went above and beyond during our home buying process. Everyone that played a role in this very scary time as first homebuyers were such a joy and pleasure to work with. But ultimately, we really couldn’t have done it without the help of our realtor, Donald Barbour. You can tell he absolutely loves what he does and especially the Upstate area. From the first visit at his office, he exudes such a wealth of knowledge regarding this area, comps, etc and is willing to go abo…