It is important to have a skilled Myrtle Beach Realtor assist you with short sale listings and purchases
North Myrtle Beach, SC (PRWEB) August 24, 2009
North Beach Realty, a leading Myrtle Beach real estate company, has begun offering short sale advisory services for those interested in short sales in the greater Myrtle Beach, South Carolina area. To request information on Myrtle Beach short sales, customers can simply click here or go to the company's website at http://www.northbeach.com, click on the real estate sales tab, then the contact us tab in the top right corner.
North Beach Realty employs multiple competent Myrtle Beach real estate professionals whom can assist in short sale advisory services. It is North Beach Realty's goal to not only provide advice on short sale property values, but also explain the process and how the company's real estate agents are involved along the way.
Before pursuing a Myrtle Beach short sale, however, it is important to consult an attorney for legal advice and to discuss the short sale tax implications with an accountant. After a person has determined that a short sale is what they wish to pursue, the process of a short sale, in brief, will begin with a call the lender to begin discussions of a short sale. A hardship letter must be submitted to the lender with statements of income and assets, as well as, bank statements proving inability to continue to pay.
Next, a person must contact a skilled Myrtle Beach real estate agent who can give customers an accurate comparative market analysis which will aid in determining a fair listing price for your Myrtle Beach property. The real estate agent will then put the property on the market and present the property's preliminary net sheet to the property's lender, showing the costs of the sale and the net to the lender.
In an ideal short sale situation, the lender will accept the offer and approve the Myrtle Beach short sale without pushing for a deficiency, or reporting negative information to credit reporting agencies. Although this is a brief overview, there are many details that must be paid attention to in a Myrtle Beach short sale transaction. For instance, in some situations, a lender may not approve the short sale; debt forgiveness may be considered income on which a person may owe taxes; and, some lenders may pursue the seller for the difference between what is owed on the property and the amount the property is sold for (known as a deficiency).
"It is important to have a skilled Myrtle Beach Realtor assist you with short sale listings and purchases," says Ed Thomas, Broker-in-Charge at North Beach Realty. "The advice given by real estate professionals who know the ins and outs of the Myrtle Beach area is extremely important in a short sale situation."
North Beach Realty opened in June, 2008, specializing in North Myrtle Beach real estate sales and offering short sale services. The company has 6 Myrtle Beach real estate agents and 3 real estate assistants. The North Myrtle Beach real estate agency has over 25 years of real estate experience covering Horry and Georgetown Counties in South Carolina and Brunswick County in North Carolina.
For more information about North Beach Realty or to receive Myrtle Beach short sale advice, please contact North Beach Realty at: (800) 274-1105 or visit them online at: http://www.northmyrtlebeachrealestatesales.com.
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