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Bill True Hilton Head
Real Estate
1032 William Hilton Parkway
Hilton Head Island, SC 29928
Mail to:
PO Box 7526
Hilton Head Island, SC 29938
Toll Free 866-785-9501
843-785-9500


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With over 25 years in the real estate business on Hilton Head Island, I have often answered the age-old question: Is now a good time to buy Hilton Head real estate? More recently, that question has had a second part: What about  short sales/foreclosures and REO property?  The answer to both questions, of course, depends on the buyer. What is the buyer’s cash position… what are the buyer’s needs and desires… is it going to be an investment or vacation rental…will it be placed on the short-term rental market… or will it be for primary use. Obviously, everyone wants a ‘good buy’.
 If there are short sales/foreclosures or REO properties that meet the buyer’s needs, all the better. But not all short sales/foreclosures and REO properties are the same. There are, indeed, fine properties available on the foreclosure/short sale and REO property listings. There are also properties that may be overlooked in search for the ‘good deal’. Contact me at BillTrue.com—I will be happy to assist you with your island real estate needs.

 

Hilton Head Island short sales /foreclosures, along with attractive REO properties,  are available on all parts of the island, whether you are interested in purchasing real estate in the island’s exclusive plantations such as Sea Pines, Palmetto Dunes or Wexford, or off-plantation in Forest Beach or Folly Field.  There are many attractive properties for sale—oceanfront homes, villas and lots. Short sales/foreclosures and REO properties are also available in Bluffton.
Keep in mind, however, once these properties go on the market, they most often go under contract quickly. Many times, multiple offers will be made on the same property. While purchase price is the first consideration that the lender will recognize, terms of the contract and the borrower’s ability to produce funding is paramount. In today’s competitive shortsale/foreclosure and REO property market, it is customary for the lender to require an approval letter from the purchaser’s bank if the borrower is not paying cash.


   



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