Myrtle Beach South Carolina What Is A Condotel In Myrtle Beach

What Is A Condotel In Myrtle Beach When people start looking at condos on-line, the common misconception is.... all condos are the same...Its a condo! Right?... wrong!...There are subcategories for particular condo units complexes resorts & subdivisions even those located in particular buildings.The fact is most consumers have no idea what they may encounter in-fact, many people may be looking at a "condotel" when looking at property listings. Nowhere in the listing description is the word condotel. If you’re the average person, it’s impossible to know. There are several big issues that you will discover! For example; when you go to your hometown bank for financing (whom you may have dealing with for years) and then you tell them you’re buying a ‘condo at the beach’. They say great! ... fill out this application and you get a pre-approval letter. The problem arises when you take that pre-approval letter to your 'average' real estate agent in Myrtle Beach. You may even find a property you wish to purchase then get the seller to agree to a price. Next step: take the contract to the lender… everything seems normal and smooth. Until… you find out…usually the week before closing the underwriter for the bank says the Don’t do condotels they only finance condos. Seen it happen hundreds of times with unexperienced real estate agents….and customers. Many national, big named banks will not finance a condotel. Locally we have a handful of banks , with very competitive rates , that know our market, and will finance these properties! Having The Expert help you when you’re looking at properties can save you thousands of dollars + tons of aggravation! Why choose average... When you can have an expert! Jerry Pinkas Real Estate Experts Its what we do everyday. We know this stuff. You have questions We have answers Jerry Pinkas Real Estate Experts Call Now 843-839-9870 We are here to help YOU 843-839-9870 Jerry Pinkas Real Estate Experts -~-~~-~~~-~~-~- Please watch: "Questions To Ask When Buying A Home | Jerry Pinkas" -~-~~-~~~-~~-~-
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