It is very important for sellers and buyers today to understand what a short sale is and the process that it takes. Because many buyers do not understand the short sale process they become impatient. Actually, the buyers who cancel the transaction prior to short sale approval are the biggest problem facing short sale specialists.

 In simpler words a short sale is a win-win solution for the current home owner, the lender, and also the buyers. The bank/lender gets the highest price for a quick sale at the current market price. The home owner gets their credit restored and gets relief from possible future legal actions like a foreclosure. In a short sale, the homeowners get complete relief from all of their mortgage debt. For a buyer a short sale is also a win-win situation for the reason that they can own a great property for a fantastic price.

There are procedures the homeowners need to go through with the lender. The homeowner needs to prepare a financial package for submission to the short sale bank. Each bank has its own guidelines but the basic procedures are similar. The short sale package will consist of a letter of authorization, which lets your agent speak to the lender, completed financial statement, seller’s hardship statement, two year of tax returns and W-2s, recent payroll stubs, last two months of bank statements, HUD-1 or preliminary net sheet, and comparative market analysis or list of recent comparable sales. This will let your lender understand that you cannot continue paying for the property not that you just don’t want to. The typical short sale process at the bank may go like this, bank acknowledges receipt of the file, a negotiator is assigned, a BPO (broker price opinion) is ordered, the file is sent for review, the bank may want you to sign a Arm’s-Length Affidavit, then the bank issues a short sale approval letter.

In the buyer side there are also some procedures they need to do. Before you write a short sale offer, the buyer needs to ask his or her agent for a list of comparable sales. The bank will want to receive somewhat close to market value. The short sale price may have little bearing on market value and may, in fact, be priced below the comparable sales to encourage multiple offers. Making sure the bank has everything they need for you is the best way to keep the process moving. It can take up to two or three months for the bank to respond back but it can also be quicker than that. If the buyer is the type with little patience, then a short sale is not for them.

The Jerry Pinkas Myrtle Beach Short Sale Team - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. www.myrtlebeachshortsaleteam.com

Thursday March 18, 2010 through Saturday March 20, 2010

Over 2500 cars!

Proceeds from the car show go to Children's Miracle Network

and the National Multiple Sclerosis Society

2009 proceeds $90,048!!!

Fantastic home located on wide body of the lake, home is immaculate and has many upgrades. Great first floor master bedroom suite, bright airy carolinaroom and screened porch also open onto the wooded area between home and lake. Easy to maintain lot with large trees. Perfect home to relax and enjoylife. Open living area perfect for entertaining, must see this great value, upstairs has room for office in addition to the 2 bedrooms

Great get away less than 1 mile from beach. Nice smaller community located to some of the most popular attractions on the Grand Strand, close to Hwy31

and 22 for easy access to both north and south. Enjoy the screened porch and grill/entertain form your own deck with privacy fence. Got it all.

Bay View Resort is located at 5th Ave North and Ocean Blvd. This condo is conveniently located downtown Myrtle Beach area, close to many restaurants and Myrtle Beach night life. Amenities include fitness room, indoor/outdoor pool, jacuzzy, kiddie pool, lazy river, and a Starbucks in location.

Great starter home in quiet community, close to beach, main roads, shopping and attractions.

Covington Lakes Myrtle Beach - Covington Lakes Carolina Forest

Covington Lakes was created to reflect community living. The well built homes have generous sized lots and beautiful natural views with lighted sidewalks. Covington Lakes is the centerpiece of Carolina Forest that represents the future of Myrtle Beach’s Residential Renaissance.

Through careful planning around lakes, virgin timberland and wildlife preserves, this 12,000-acre tract only five minutes from downtown Myrtle Beach also houses six schools, 300 acres of parks, five million square feet of commercial space, eight golf courses, a town center and several controlled road systems. The Covington Lakes neighborhood has custom design homes noted for their outstanding contemporary looks, traditional details, spacious well-lit rooms, high ceilings, intelligent use of maintenance free exteriors of brick and stucco and quality construction. The amenities of Covington Lakes are a community Cabana, pool, children’s playground and natural beauty that include three well-stocked lakes. 

Jerry Pinkas Team – Top Seller

Covington Lakes Homes for Sale

#1 Realtor in Sales – Call Today

843-839-9870

       Spring Lake is a beautiful community of custom homes located amongst the Carolina Forest area of Myrtle Beach, SC. The aesthetic look and feel of Spring Lake is different than that of any of the other communities with in Carolina Forest. Spring Lakes was one of the first and original custom homes communities within Carolina Forest. With its great location, Spring Lake is just seven miles away from the beach. Located just of HWY 501, with the conveniences that Myrtle Beach has to offer, Spring Lake offers easy access to HWY 17 and 31. Spring Lake is just minutes away to shopping, dinning, golf, and all other Myrtle Beach area attractions. Spring Lake offers homes with lake views and wooded views. The amenities include a community clubhouse, pool and a children’s playground.

Jerry Pinkas Team - Top Seller

Spring Lake Myrtle Beach

#1 Realtor in Sales - Call Today 843-839-9870

Jerry  Pinkas Myrtle Beach Real Estate Team - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. If you are looking for Spring Lake Homes For Sale, houses, or land we can help.  You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call (843) 222-1926; Put our team to work for you today.

Plantation Lakes Myrtle Beach - Plantation Lakes Myrtle Beach Real Estate

Plantation Lakes in Myrtle Beach, South Carolina, is one of the  most desirable and sought after custom home community in the Carolina Forest area. You have come to the right place if you are looking for homes for sale in Plantation Lakes Myrtle Beach.

Plantation Lakes is a beautiful community of custom-built homes situated among an expansive lake with over 15 miles of shoreline and natural areas. Enjoy boating through the stocked lake, or stop by the Amenities Center with its swimming pools, fitness room, indoor and outdoor picnic areas, lighted tennis and basketball courts.

Located in the heart of Carolina Forest, Plantation Lakes is just minutes to downtown Myrtle Beach and has top-rated schools, shopping, restaurants, and is close to all of Myrtle Beach’s world class attractions.

Plantation Lakes has easy access to Highway 501, Grissom Parkway, Highway 17, Highway 31 and less than 10 minutes to the Atlantic Ocean. In addition to new construction, spec homes, and resales in the neighborhood, there are also foreclosure opportunities available.

Jerry Pinkas Team - Top Seller

Plantation Lakes Myrtle Beach

#1 Realtor in Sales - Call Today 843-839-9870

Here is a picture from the camera stationed at Pier 14, looking south along the beach. 

Jerry  Pinkas Myrtle Beach Real Estate Team - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. If you are looking for Myrtle Beach Condos For Sale, houses, or land we can help.  You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call (843) 222-1926; Put our team to work for you today.

Each year for 46 years in early March, thousands of America’s Canadian neighbors and snowbirds from the North visit the Grand Strand for the Canadian-American Days Festival. This year, from March 13-21, the festival features events, activities and discounts, including welcome receptions, military band concerts, athletic tournaments and wildlife and history days. Activities include: the Can-Am Little Olympics, the National Shag Dance Championship, South Strand Wildlife and History Day, a youth soccer tournament, a big band dance as well as the St. Patrick's Day Parade. This 49^th Annual Canadian-American Days has a new advantage with the new non-stop service on Porter Airlines from Toronto to Myrtle Beach, making it easier for Canadians and snowbirds to escape to the 60 plus miles of sandy beaches in Myrtle Beach. The festival draws as many as 100,000 Canadian visitors each year and is regarded as the first international festival organized in South Carolina. Many of the visitors have been traveling to Grand Strand Myrtle Beach area for decades.

Highlights of the 49th annual event include:

March 15
2010 RBC Bank Presents the 282^nd Army Band - 7 p.m.
Beach Church, 557 George Bishop Pkwy., Myrtle Beach. Free but tickets are required. Tickets available 8:30 a.m. March 8 at the Myrtle Beach Area Chamber of Commerce visitor centers at 1200 N. Oak St., Myrtle Beach, and 3401 U.S. 17 Business S., Murrells Inlet.

March 16
2010 RBC Bank Canadian-American Days Kickoff Celebration Expo - 10 a.m. to1 p.m.
This expo officially kicks off Can-Am Days and features exhibitors, musical entertainment, prizes and giveaways. Myrtle Beach Convention Center, Exhibit Hall C, Myrtle Beach. Free to the public.

March 17
16^th Annual South Strand Wildlife and History Day, 10 a.m. to 3 p.m.
Enjoy family-friendly entertainment, exhibits and activities. The Taste of Murrells Inlet, a culinary extension of the event, will boast specialties from some of the finest restaurants in the "Seafood Capital of South Carolina." Huntington Beach State Park, 16148 Ocean Hwy., Murrells Inlet. Free for Canadians with valid ID. Adults: $5, S.C. senior citizens: $3.25, children 6-15: $3 and children 5 and under: free. SouthCarolinaParks.com/(843) 235-8755

March 18
2010 Battle at the Beach presented by RBC Bank - 11 a.m. 
Second annual Canada vs. U.S.A. Friendly Competition for the RBC Cup, four-person scramble format. Greens fee, cart fee and prizes included. All tournament profits will be donated to Myrtle Beach Haven. Pine Lakes Country Club, 5603 Granddaddy Dr., Myrtle Beach. Fee $125 per person, $400 per foursome. CanAmDays.com for registration form and more information.

March 19
2010 RBC Bank Presents the 208^th Army Reserve Band - 7 p.m.
Christ United Methodist Church, 2901 Fantasy Way, Myrtle Beach. Free but tickets are required. Tickets available 10 a.m. March 16 at the 2010 RBC Bank Canadian-American Days Kickoff Celebration Expo, Myrtle Beach Convention Center.

March 20
2010 RBC Bank Presents the U.S. Navy Band - 7 p.m.
Beach Church, 557 George Bishop Pkwy., Myrtle Beach. Free but tickets are required. Tickets available 10 a.m. March 16 at the 2010 RBC Bank Canadian-American Days Kickoff Celebration Expo, Myrtle Beach Convention Center.

Jerry  Pinkas Myrtle Beach Real Estate Team - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. If you are looking for Myrtle Beach Condos For Sale, houses, or land we can help.  You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call (843) 222-1926; Put our team to work for you today.

The local newspaper Myrtle Beach news paper, The Sun News, recently featured a front page article on Real Estate starts year on right foot, where Jerry Pinkas was quoted.

"The way it is right now with the pricing, I think it is more affordable than it has been in a long time," said Jerry Pinkas of Exit Grand Strand Realty. "People have had the desire to buy a piece of property and have been just sitting on the sidelines."

Pinkas, who specializes in condos and does a lot of work with foreclosures and short sales, said that people are seeing prices that would allow them to potentially make a profit on a property so they are taking out home equity loans on other properties or choosing to invest in real estate instead of the stock market.

"Last year started off a little slower. Part of the reason for that was people were very concerned about investing and were holding it really close," Pinkas said.

With prices as low as they are, investors are finding ways to come up with the cash to make the purchase and that is fueling competition for some of the newer oceanfront properties at the steepest discounts, which are selling quickly, Pinkas said.

"Once those have cleared through, that's it," he said. "I'm not saying there's not going to be deals out there [but] we have this window right now because you can buy quality."

Click here for the full article Real Estate starts year on right foot.

Jerry  Pinkas Home Selling Team - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. If you are looking for Myrtle Beach Condos For Sale, houses, or land we can help.  You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call (843) 222-1926; Put our team to work for you today.

With interest rates at record lows and the  stock market being what it is, many people are putting money in an asset they can understand, in real estate. One of the best places to buy right now is with foreclosed properties. During economic downturns, more upscale properties are going into foreclosure. Beachfront properties in the Myrtle Beach area are part of the mix of foreclosed properties available. You can find foreclosed properties as cheap as 30% to 70% below origanl prices.

            It is a must, to learn how to navigate the foreclosure process. For most consumers the foreclosure process can prove daunting. Good properties are available but they require research, preparation, patience and persistence.  The foreclosure process starts when a property owner falls behind on mortgage payments. Many owners of homes that go into foreclosure have been struggling financially for almost a year before they give up, which usually means that the house has not received needed repairs or general maintenance for a while. This may include everything from missing light bulbs to roof leaks. Houses in poor condition might fetch bargain prices, but repairs can boost the cost again. The first rule of real estate, "location, location, location," applies in these situations. If there is a properties that needs a few repairs but is in a good area with high property resale values, expect the entire property and consider making a low offer.  

            Not all foreclosures are previously owned homes. Some foreclosed homes are new. These homes are not as easy to identify and rarely appear on national lists. In some areas, the slow economy has left many builders of new midscale and upscale homes at the end of their construction-loan periods without finding buyers for their homes. In these cases, the banks that issued the construction loans take possession of the homes and attempt to sell them, using real-estate agents to handle the deals.

Are You Ready to get the inside track on the Myrtle Beach Real Estate Market?

 Sign up for VIP Myrtle Beach Foreclosures  Listing alerts ---> http://www.BuyBankOwnedMyrtleBeach.com/

Having someone who could work on your behalf is the best that you can find the perfect foreclosed property for you weather it’s an investment or a home for you and your family. You just can get just any old real estate agent to help you. You need an agent with foreclosed property experience, that knows how to talk to the banks, and how to handle all the paperwork for you to get the deal done right.

Jerry  Pinkas Home Selling Team - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. If you are looking for Myrtle Beach Condos For Sale, houses, or land we can help.  You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call (843) 222-1926; Put our team to work for you today.

It wasn’t long ago when you spoke about retiring to some place warm and near the beach, Florida came to mind.  Use the words “retirement living” and usually Florida, probably on a golf course is what many thought about. Midwesterners typically thought about Naples or Fort Myers. If you lived in the Northeast, it was Boca Raton, Fort Lauderdale or Miami. That was all yesterday’s news.

Today’s Baby Boomers are breaking that mold.  As the post-war generation begins hitting retirement age, they are bypassing the traditional retirement trappings of their parents and not even considering the golf course communities in the Sunshine State of Florida.  Today, they're choosing smaller urban areas, in states such as North and South Carolina, and even downsizing many housing choices.

Research has found that 42 percent of today's 50-year-olds plan to move during retirement. The Studies also found that the Carolinas are now considered "the new Florida" among young and older boomers: 20 percent preferred South Carolina, and it ranked very high on coastal lifestyle scale.

What's driving the changes? You can blame it on the economy. The economic recession has eroded savings and fundamentally altered the retirement plans of Americans 55 and older. Many are downsizing their retirement plans and finding value in Myrtle Beach Real Estate. 

The Coastal lifestyle is all about having fun. Many people living in the north, before retirement, would be stuck inside their house all winter just waiting for the weather to break. In The Myrtle Beach area the mild weather affords many opportunities to get out and enjoy the many activities in the area. It’s not all about the house you live in. It’s more about the simplifying and enjoying yourself. No need to have the big fancy house, and all the maintained that goes along with that. Many of today’s retirement plans include condo living without all the hassles of maintained. When you buy into this lifestyle, all the grounds keepings, exterior maintained, pool service, common areas are all maintained by the home owners association.  This frees you up to enjoy all the things that are fun.

The Myrtle Beach is loaded with things to do. Shopping, over 1700 Restaurants, over 100 Golf Courses, Live theater, community festivals and events all year round, shows, sports, and of course the beach and ocean.

Jerry  Pinkas Home Selling Team - is your local expert in all your Real Estate needs in the Myrtle Beach Area. Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. If you are looking for Myrtle Beach Condos For Sale, houses, or land we can help.  You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning - Top Ranked - Highly Recommended - Call The Pros - Google or call (843) 839-9870; Put our team to work for you today.

There are many reasons why a house or a condo doesn't sell the first time around, but price is usually the number one reason. Most sellers do not understand the current Myrtle Beach real estate market well enough to price their condo or home on their own. And while an experienced agent can give pricing advice to a seller, it is ultimately up to the seller to price their listing correctly.

Last year Less than 23% of the listed properties Sold!

In today’s changing Myrtle Beach Real Estate Market, you need every advantage to selling your home for top dollar. That means your Realtor, their track record and experience is more important than ever.

Several other factors many come into play with a sale, or no sale situation. The listing agents skill level and also the marketing efforts, may weigh heavily on the odds of how many people your property is exposed to. The days of taking a listing, putting it into the MLS system, and then having someone come along and put an offer in, are long gone.  Even if a condo or house is priced right, then you have to get it in front of as many people as possible, to bring an offer. It’s all about taking a military approach, and using a proven plan of action.

One military plan of action is called swarming. This tactic is put into action by putting as much man power and exposure to the target, and then overwhelming the objective. Swarming is putting everything toward the target to achieve the goal, that way the objective is achieved. This is one way we receive Results.

Did you know that pricing your home at a value such as $209,000.is often counterproductive as it does not maximize how many times your home will appear in search results on the internet. Call us and we can give you the details. 843-222-1926

A FEW REASONS HOW THE JERRY PINKAS TEAM IS DIFFERENT
1. Customized Seller Pricing Packages - You Pick Commission
2. Cancel At Anytime Policy
3.  Unique Marketing Strategies

4. Proven results with a Top Ranked Team

5. Exposure of your property to more people and in more places.

There are 3 types of buyers: in town, out of town, and buyers that are already working with other agents. Does your Realtor market to all buyers or just a few? In order to get the best offer on your home, make sure your home is marketed on every level.

We guarantee to market your home for more, and in more places. Our media sources are proven to effectively and aggressively advertise your home to the most amounts of qualified buyers.

“After eighteen months and to other real estate companies, we contacted Jerry Pinkas Real Estate Selling Team to list our Myrtle Beach condo for sale. In a very short time, we had more favorable activity than in the previous eighteen months. With Jerry Pinkas, we had a solid contract within 60 days!  We were very pleased with Jerry's professionalism and friendly demeanor.  We would highly recommend Jerry Pinkas Team for all your buying or selling real estate needs"  
Andrew & Gloria Tippett

“With very few condos selling in our building, The Jerry Pinkas Real Estate Selling Team was able to get ours sold in less than 30 days; after being on the market with another company for 1 1/2 years”.  -  Forrest and Michele Browning

We all want the most amount of money for our home, but pricing your home correctly the first time is the key to getting your home sold fast. The higher the asking price is, compared to your competition, the longer your home will stay on the market. Pricing your home right the first time around is essential since a newly listed property will generate interest and result in more showings the first few weeks it's on the market.

We specialize in marketing great condos and homes that for whatever reason, didn't sell the first time around.  We are the experts in The Myrtle Beach area.  Our skill is the knowledge and proven systems that correctly market your property effectively.

JERRY PINKAS REAL ESTATE TEAM PROVEN RESULTS

2007 S Ocean Blvd.: 221 days with other agent, CONTRACT after 18 days with Jerry

2311 S Ocean Blvd : 121 days with other agent, CONTRACT after 22 days with Jerry

4765 Wild Iris Drive : 218 days with other agent, CONTRACT after 49 days with Jerry

413 Queens Road 547 days with other agent, CONTRACT after 89 days with Jerry

I can offer a new perspective on how to market your property and plenty of tips on how to maximize your home's potential.  Visit  Sell Myrtle Beach Real Estate and check out the Top Reasons To List With Jerry!

If you are looking for Results, now is the time to put our plan in action for you.

SOLD. Yours could be next!  Now is the time to call Jerry 843-222-1926

Sold "AS IS" Great end unit in quiet sudivision, close to all attractions and beach.

Great one bedroom one bathroom direct oceanfront condo in one of Myrtle Beach's most popular resorts. Fantastic on site amenities including, indoor pool, outdoor pool, restaurants, lazy river, expercise room, wireless internet, and a game room. The resort is located minutes away from great attractions, golf, dinning, night life, and shopping.

Enjoy the incredible view of the beach and ocean from the direct oceanront private balcony. The resort features 22 pools, indoor water park, lazyrivers, hot tubs, outdoor kiddie squirt Water Park, fitness room, Tiki-Hut, ocean front lounge, arcade, and wireless internet. Sold Furnished. Homeowners association fees include water & insurance! Great central location. One of the highest grossing rental income producing resorts, plus it has over 22 water amenities on-site. Well ran and well maintained resort. Owners pet allowed!

            Foreclosure in the United States hit an all time high in the year 2009. There were 3,957,643 foreclosures filed in 2009, a 31% increase over the previous years. Foreclosure filings were reported on 349,519 U.S. properties in December, a 14% jump from the previous month and a 15% increase from December 2008. The December number is particularly depressing because it shows that the foreclosure problem is not even close to going away. The federal government efforts to modify mortgages did not stop foreclosures because of the rising unemployment and underwater mortgages. Many people home loans worth more than the homes themselves. Is there something you can do to help this situation? Are you thinking about buying your first home or moving to another state? Why not buy a short sale home to help stopping foreclosure on its tracks.

            Understanding what a short sale means is very important.  A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning less money than is actually owed. In other words, the difference between what they sell the house for and what they owe on the house is forgiven. Also, the family avoids a foreclosure on their record. To have a successful and problem free short sale process you need an experienced short sale agent. You don’t want to miss any important details due to inexperienced agent, or find out your transaction is not going to close on time because no one has followed up in a timely manner.

Join many Myrtle Beach Short Sale Home owners who have successfully avoided foreclosure.

With Our Proven System, we negotiate a deal with the lender which allows our sellers to sell the property. Many times without coming to closing with money.  The market has changed and banks are more willing today to compromise with owners to decrease their losses.  If you want to sell, but feel it is impossible, please call us today to discuss.

We may be able to help you sell quickly!

We are the Experts - Top Ranked - Highly Recommended - Call the Pros

Jerry Pinkas Real Estate Team

 843-222-1926