Lenders Have the Say

Lenders can change the terms of the sale depending on market conditions, new laws and lender’s own in-house governing guidelines.

Lenders are not required to disclose the condition of the property nor the results of any Broker Price Opinion (BPO) that was done on the property.

Lenders dictate what commission amounts are acceptable to be paid to the buyer’s or seller’s agent.

Lenders may insist the purchase contract allow for the consideration of higher offers during the short sale process.

Any existing junior liens, unpaid property taxes, Homeowners Association (HOA) liens, etc. are all stumbling blocks and must be cleared before the transaction can close.

A buyer’s lender may not be anxious to accept a loan application on a property that may never result in an actual closed transaction/sale.

Browse Some Charleston Areas

Mount Pleasant

With the third largest population among the municipalities of Greater Charleston (5th in the state), Mount Pleasant is arguably the most popular bedroom community in South Carolina. With the major container ship facility at the Wando Port and tourism providing the bulk of its industry, most Greater Charlestonians would agree that the real business of… Read More

Sullivan’s Island

In a region where coastal living and American history are the hallmarks, Sullivan’s Island is easily the compelling of all the islands of Greater Charleston. For locals, there are no finer beaches than those on Sullivan’s (aka Sully’s or Sully’s I). The views and angles are spectacular, the sands are white and broad, and the… Read More

West Ashley

The part of the city on the West bank of the Ashley River is commonly called “West Ashley,” which is the City’s largest bedroom community and retail district and is home to the historic Ashley River plantation district. The West bank of the Ashley River is also the original birthplace of Charleston, as celebrated at… Read More

Goose Creek

The City of Goose Creek is located at the southern edge of Berkeley County, slightly north of North Charleston. The City encompasses 41 square miles, reaching from the Cooper River on the east to I-26 on the west. The population in 2007 was estimated around 36,466, making Goose Creek the 10thlargest City in South Carolina. The City… Read More

See More Charleston Areas