Hilton Head Island, SC ~ Finding Foreclosures | Hilton Head Real ...

Posted by robbie@robbiebunting.com on October 9th, 2012

If you pay attention, you may be able to buy a foreclosure on Hilton Head Island.? These??Bank Owned, Real Estate Owned(REO) or?sometimes ?Corporate owned? properties?can often offer buyers an?opportunity?in price,?location and sometimes even condition, below?fair market value.? If you want to get the jump on these REO properties, we can hook you up on a real time link as they are listed for sale.? Noted below are several?important notes?for buyers if they decide to purchase an REO on Hilton Head Island.

• Over 50% of all REO closings have some delay, so plan accordingly.
• The bank does not have to provide a Property Condition?Disclosure
• Offers should include a contingency ?subject to an inspection?x days?after acceptance.
• Buyers should change the locks and hook up the utilities asap after closing.
• Read all bank addendums as they can take away things that the contracts states.
• Pay cash if you can. Lenders?often will accept a?lower, reasonable cash offer over a financed one.

Foreclosures on Hilton Head

Currently REO listings? on Hilton Head Island are selling very quickly so you need to act fast. If you are interested in a particular property, set up a viewing and decide on making an offer soon after the viewing.? If you would like to subscribe to our automatic REO list or our call list for new REO?s that we know about before they hit the MLS, please send us an email at robbie@robbiebunting.com and note ?Foreclosures? in the subject line.? Thank you.

Categories: Distressed Properties

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Source: http://bloghiltonheadrealtor.com/2012/10/09/hilton-head-island-sc-finding-foreclosures/

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