Joanne Gillet Buyer & Seller Representative/Consultant

Available to Real Estate Agents for thier clients through the Hampton Inn located at the Pawleys Island/Litchfield

This is exclusively for out of town clients needing hotel accommodations while looking at property in this area. The Hampton Inn offers a special rate for either two queen beds or one king and a this includes a special gift bag.

The Realtor must make the Call to the Hampton Inn. 843 235 2000 and tell reservations you would like to have a Realtor package. The Realtor must make the call to the Hampton Inn for the reservations.

So you want to know more about Foreclosures?

First, I would like to say that I have a lot of empathy for those people who are losing their homes and have tried their best to hang on in these tough times.

Often due to a loss of a job or a health problem, the owners are not able to take care of their property. Due to the lack of funds both the mortgage payment and the routine maintenance comes to a halt. Their home starts to show signs of deterioration. Then the property eventually goes into foreclosure. This is what happens when a homeowner is not able to pay the bank the money they owe. The bank takes the property.

I get a lot of e-mails and phone calls each day from people asking about purchasing foreclosures. I often find that these are people who are looking for a deal but may not understand that there are many draw backs to buying a foreclosure. It is important to keep in mind that there may be other distressed properties out there that are not foreclosures and should also be considered. Let’s look at some considerations.

Is a foreclosure always a good buy?

In most cases, the amount owed is much more that the property is worth. It can often be over priced since the lenders do not want to lose more money than is owed or at least they would like to keep that loss to a minimum. Some foreclosures are priced below fair market value and others are not.

There is no history available on the property and no seller disclosures that tells you about any problems the home may have had. Although a home inspection can and should be done, the home is being bought "as is" and the bank is not likely to pay to have the utilities turned on or do any repairs.

After making the necessary repairs will it still be a deal?

How much will it cost to bring it back to good condition? These properties are often not in good shape and have not been taken care of. Many have even been abandoned for months and months. You can always expect repairs. Those repairs can often eat up the savings you make in the purchase so the decision to purchase needs to be made very carefully. I advise anyone that is going with an FHA loan not to purchase a foreclosure as all repairs would need to be made before closing, so you would need to spend money before you own the property!

The utilities are often off for a long period of time and invite problems in certain parts of the country….. freezing or humidity can wreak havoc on a home.

If you are patient and do your homework as well as understanding the risks involved, you may find a gem! In many cases you might just be able to find a steal of a deal. My advice is to keep all options open and look at all of the inventory. You could find just what you are looking for .. a great deal !!! Just understand, there are pitfalls to the journey.

The communication is often a third party.

This can be difficult to work with and get information in a timely manner.

Can you get a clear title?

Is there a second mortgage holder?

The journey is not for the weak or intolerant. Are you ready?

Lets look at all options when you search for your "deal"!

Our Team is ready to guide you through & help you through the process of your home purchase!

Should you have any additional questions or if you would like a list

of the foreclosures in the Myrtle Beach and Pawleys Island area please call us Joanne or Janice

at 843-655-6343 and be sure to visit our web page at

www.EdgeOfTheBeach.com

Joanne

This is a must see! Hidden away in Hagley Estates, Pawleys Island SC. is this GEM! Currently for sale.

Home is completly remodeled! Call me for more information.

843 655 6343 JOANNE GILLET

Keller Williams Realty

Garage Sale is Sponcered By Joanne Gillet of Keller Williams Realty

8am to 1pm Sat, April 4th.

Multi family garage sale as well as a Fund raiser for the Cancer Wellness Group and the Dragon Boat at the Beach!

Call me with questions or to donate any gently used items 843 655 6343

Come join in on the fun! Go Green~ another mans trash is another mans treasure!

Gillet's Got The Edge!

www.EdgeOfTheBeach.com

Just 30 minutes south of Myrtle Beach is the unique area of Pawleys Island. Hagley Estates is a rustic neighborhood within the Pawleys Island community. Hidden away from all the hustle and bustle. The dirt roads wind in and out ....around the Ancient Live Oaks and mature trees. Hagley Estates is not for everyone. If you prefer the well manicured gated comm unties, this is not an area for you! If you enjoy no Home Owners association fees on a monthly basis and the option becoming a part of the community or not you may want to consider Hagely. If you love being surrounded by nature and a relaxed community where you can still park your boat in your yard and maybe a Recreational Vehicle as well, then you must visit! The price of the homes here range from the low $200,000 range to well over a million dollars for the river front homes. Hagley is only minutes away from the local beaches and the many spectacular Golf Courses including the newest Founders Club which borders this neighborhood. You may even be lucky enough to purchase a home just minutes from the River & the Ocean and have a golf course view as well.

If you would like to know more about this community or you or someone you know is looking to purchase property here in Pawley Island, SC

Call me! 843 655 6343

Joanne Gillet

Visit me at www.EdgeOfTheBeach.com