Isle of Palms and Wild Dunes is probably one of the hardest hit areas in Charleston in regards to short sales and bank owned homes. When the economy went side-ways, it took a lot of second home buyers with it. A lot of people that bought at the top of the market got stuck, and if forced to sell due to financial reasons, have taken a real hit. With that being said, IOP, in my humble opinion, has the greatest potential for strong rebound, as the economy continues to recover. Great island, close to a lot of stuff and a short drive to Historic Charleston.
If I had money to invest anywhere in Charleston area real estate, this would be the place.
I have had a good bit of success over the past couple of years in negotiating some pretty good deals for clients. If you would like for me to share some of my insight, please call me, Bob, at 843-345-6074.
Anyone that cares to go after a SS should prepare themselves for a wait in most cases --- banks are in no hurry.
If you would like a complete list of SS and bank owned homes on Isle of Palms, please fill in this form (be sure to write in the notes to me that you want to see SS and bank owned)
Note: The Video Below Explains What a Short Sale is and the ins-and-outs of dealing with bank owned property.
