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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Carolina One Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Homes With Pools for sale in Charleston SC
Homes With Pools for sale in Charleston SC Well, the weather is heating up and many people are now gearing up for a fun summertime. At this time o...
Short Sales vs. Foreclosures
As a home buyer, it is important to know the difference between a short sale and a foreclosure.
During the boom time in real estate the answers were much different than today. At the peak of the market, the definition of a short sale was a property that sold the day it was listed. The term foreclosure was almost a foreign term because sellers were able to sell their homes if they were having trouble making their payments and quite frankly, there were not many.
So what exactly is a "Short Sale"?
A short sale is the process of a seller obtaining an offer on their property and then trying to convince the bank to accept less than what is due. For example, a seller owes $250,000 on the house, but can only get $200,000. The bank has a lien on the property and this debt must be cleared in order for the house to be sold.
When considering looking at short sales or foreclosures, you must first understand that a short sale is a much more difficult property to obtain. The two are like apples and oranges when it comes to a buyer's experience.
What Makes a Foreclosure Different Than a Short Sale?
A foreclosure is a property that has already been taken over by the bank. The seller was unable to keep up with payments and simply had to relinquish the property back to the bank. Foreclosures are fairly straight-forward sales because the banks typically do not want to be "home owners"; they want to be "home loaners".
Your Time Is Valuable
When looking at a short sale property, keep in mind that you may not be able to buy it.
Ask yourself this question, "Can I put my plans on hold and wait 4 months (or even a year) for the bank to decide to accept a short sale?"
If the answer is no, then avoid short sales. If you are okay with waiting, then a short sale may prove to be a good choice if the price seems right.
Foreclosures are More Straight Forward
With bank owned homes, you can typically close quickly and the main factor to keep in mind is that many people look for foreclosures, so if you find one you like act quickly, and secondly, they are sold as-is. The sellers generally do not make repairs on the property.
We have included all of the areas short sales and foreclosures. If you need more specific explanation or would like to know what pitfalls to watch out for when pursuing these properties, feel free to let us know.
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$139,900 - 3604 Morse Ave Charleston, Sc 29455 @ Shady Acres
- MLS#
1304226- Class:
- Residential
- Status:
- Active
- Beds:
- 3
- Baths:
- 2 Full / N/A
Make an offer! REO PROPERTY - BANK OWNED. PROPERTY SOLD "AS IS" WITHOUT REPAIR, WARRANTY OR SELLER DISCLOSURE. The Listing Broker and Seller assume no responsibility and make no guarantees, warranties or representations as to the availability or accuracy of the property information, photographs, or other information depicted or described here...
$549,000 - 112 Mary Ellen Dr Charleston, Sc 29403 @ Longborough
- MLS#
- 1300447
- Class:
- Residential
- Status:
- Active
- Beds:
- 4
- Baths:
- 3 Full / 1 Half
Open floor plan, lots of natural light, gleaming pine floors, all Jenn-Air stainless appliances, granite counter tops in the kitchen and in all three full bathrooms (pedestal sink in downstairs powder room). This house has dual master bedrooms. The first floor master opens to a generously sized screened porch, has double closets, and bathroom...
$339,900 - 1464 Fort Lamar Rd Charleston, Sc 29412 @ Fort Lamar
- MLS#
- 1216393
- Class:
- Residential
- Status:
- Active
- Beds:
- 4
- Baths:
- 3 Full / N/A
**NEW PRICE**This TIDAL CREEK/MARSHFRONT listing sizzling HOT just like the Charleston Summer Season! It truly offers so much that it's difficult to put into words, especially, with a limited amount of space! With that in mind, I guess we should start with the PRICING? This TURN-KEY, BANK OWNED HOME is PRICED EXTREMELY WELL but don't take my wor...
$499,000 - 127 Island Park Dr Charleston, Sc 29492 @ Daniel Island
- MLS#
- 1313188
- Class:
- Residential
- Status:
- Active
- Beds:
- 4
- Baths:
- 3 Full / 1 Half
*INVESTOR ALERT/HANDYMAN SPECIAL!! Home in need of work and being sold "AS IS"* -Located in prestigious Daniel Island Park, this elegant custom home overlooks the emerald fairways of the acclaimed Ralston Creek Course. -The large front porch opens into a beautiful foyer accented with wainscoting and with a soaring ceiling that opens up to the se...
$149,900 - 830 Quail Dr Charleston, Sc 29412 @ Lawton Bluff
- MLS#
- 1303686
- Class:
- Residential
- Status:
- Active
- Beds:
- 4
- Baths:
- 1 Full / 1 Half
** Conveniently Located Brick Ranch Just Minutes to Downtown Charleston & Folly Beach w/ Lots of Potential ** Walk to James Island Rec Center, Shopping and Nice Family Restaurant ** Huge Workshop / Garage ** Hardwood Floors ** Screened Porch ** Special Renovation Financing Available **
$450,000 - 121 Oak Turn Rd Charleston, Sc 29412 @ Seaside Plantation
- MLS#
- 1303233
- Class:
- Residential
- Status:
- Active
- Beds:
- 3
- Baths:
- 3 Full / 1 Half
Remarkable raised two story home on the marsh in Seaside Estates! Beautiful views of the marsh from both the front and back! This like new Charleston Single home is exceptionally well built and boasts extensive landscaping. It features 9 foot smooth ceilings on both the first and second floors, and beautiful hardwood floors on the first floor...
$223,000 - 3033 Penny Ln Charleston, Sc 29455 @ The Bend At River Rd
- MLS#
- 1214619
- Class:
- Residential
- Status:
- Active
- Beds:
- 4
- Baths:
- 2 Full / N/A
This is a short sale that will have to move pretty quickly. The home is in great condition and is easy to show. This is a great open floor plan with a large screen porch to the rear of the home that overlooks a tidal canal. The fenced in yard,mature landscaping, patio and outside shower is great for work and play. The wood floors and fireplac...
$765,000 - 73 Woodford St Charleston, Sc 29492 @ Daniel Island
- MLS#
- 1215738
- Class:
- Residential
- Status:
- Active
- Beds:
- 5
- Baths:
- 4 Full / 1 Half
Approved Short Sale Price $765,000! You?ll love this backyard Oasis! Lushly landscaped tropical setting with an in-ground PeppleTec swimming pool, water fountain, Jacuzzi, slate stone patio, step up grilling deck & outdoor fireplace? This exquisite home is nestled in the prestigious country club neighborhood of Daniel Island Park & located on a ...
$299,000 - 4009 Alpheretta Ct Charleston, Sc 29414 @ Village Green
- MLS#
- 1222167
- Class:
- Residential
- Status:
- Active
- Beds:
- 4
- Baths:
- 3 Full / 1 Half
WELCOME HOME!! You've been looking for the perfect Charleston Home and THIS IS IT!! This exquisite one story, 4 bedroom, 3-1/2 bathroom home is nestled in the Sweetbay subsection of Village Green. This home includes everything you may desire from a 2-car garage, two master suites with spacious walk-in closets, sprawling eat-in kitchen with go...
$239,000 - 307 Howle Ave Charleston, Sc 29412 @ Pecan Grove
- MLS#
- 1021076
- Class:
- Residential
- Status:
- Active
- Beds:
- 4
- Baths:
- 2 Full / 1 Half
Conveniently located Lowcountry style home, close in on James Island, convenient to Johns Island/Folly Beach/Downtown/West Ashley, 4 bedrooms and 2 1/2 baths, 2 story, 2,680 square feet built in 2007, Short Sale Approved
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Buying a home from you was like buying from a family member. You were honest, straight-forward and I could tell you were really looking out for my best interests at every turn. Beth Epstein
Well your low key approach worked. Not only did you sell our house in this challenged market in 23 days, you found us a great new home and the transition was seamless! We are really happy in our new home. Brian and Wendy Rollings
You were very honest, direct and I knew you were genuine when you talked us out of buying a house because of the location. Thanks for everything!. Kirk Matenaer
I commend you particularly for politely putting up with my sometimes cantankerous, if not outright offensive, goading for results; I now realize I was in excellent hands all along, and I could not have asked for better or more courteous direction in the whole process. Dr. Adam Smolka
Your research and explanation of the entire process left us feeling confident in your abilities to follow through and get the deal done like it should be. Bill Chakos
Your experience, your calming demeanor and your ability to consult us in such a streamlined fashion was invaluable. Tonya Chakos
We sincerely believe Nat's competence, hard work, attention to detail, and most important his immediate action were the reasons our home sold in one day. We are now able to make plans to relocate. Victoria and Daniel Doyle