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Archive for the ‘FORECLOSURES and Short Sale’ Category

Did you know that you DON’T have to be behind on your mortgage to qualify for a short sale? How about that banks would prefer to work with you to sell the property rather than foreclose? These are just some of the many myths surrounding short sales and the short sale process that may lead [...]

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Hilton Head Island Certified Distressed Property Expert and Collins Group Realty owner and Broker-in-Charge, Chip Collins was recently interviewed by local newspaper, The Island Packet on the increasing prevalence of short sales and foreclosures in the Lowcountry market. Chip estimates that approximately 6 to 7 percent of the total local inventory is classified as a [...]

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A recent survey shows that one in 20 Americans plan to buy a home within the next year and are likely to purchase a home in either the South (perhaps on Hilton Head Island or Bluffton?!) or West. A full quarter of potential buyers said low prices are the motivational factor behind their desire to purchase [...]

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  Hilton Head Island real estate company, Collins Group Realty, is happy to announce that our community vehicle is once again available for use! Both buyer and seller clients of CGR are able to use the box truck for household moves, large item relocation and more – free of charge! We are also happy to [...]

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Good Morning! Here’s hoping you had a wonderful weekend! Below you’ll find the market pulse reflecting last week’s activity. Last week saw an increase in listing activity, while closing activity fell in both categories. Feel free to call or email us with any questions/comments you may have on these latest numbers, and have a great [...]

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Chip Collins, owner and broker-in-charge of Collins Group Realty interviews Matt Webster of SunTrust on the pre-approval process and tips for improving your credit score!

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The annual Hilton Head Island Oyster Festival will be held this weekend, with gates opening at noon on Saturday, November 14th! Held at Shelter Cove Community Park, the event will feature the requisite 250 bushels of oysters, chili, chowder, burgers and hot dogs, beer, wine and more! More than a great time, the Oyster Fest [...]

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Collins Group Realty’s own Buyer Specialist Andrea Albright recently earned Short Sale and Foreclosure Resource certification from the National Association of Realtors! The program includes training on how to negotiate with lenders, protect buyers, limit risk, and offers resources to help stay current on both national and state-specific information on the distressed property market.  

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 As you may have heard, Congress has approved and the President has signed an extension of the first-time homebuyer tax credit! Originally slated to expire on November 30th, the credit will now be available for eligible homebuyers through April 30, 2010. Who’s eligible? First-time homebuyers, who are defined by law as buyers who have not [...]

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Great news! For the third straight month the number of homeowners on the brink of losing their home to foreclosure has decreased! New state-run programs that require lenders to mediate with the homeowner before proceeding with foreclosure and the federal loan modification program have helped slow the number of filings. Home values also appear to [...]

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