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About Me (Kristin Walker)I am a full-time Realtor specializing in all of the neighborhoods on the Charleston Peninsula as well as a few other bike-friendly walkable areas. I love what I do! As a Lowcountry aficionado, an outdoor lover & a foodie, I also enjoy unique architecture and things that challenge and inspire me.
How to Find Me843-412-3333 if you like to talk. email@example.com if you prefer to type.
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Just a thought about Banks' new role in real estate.
I've been thinking that banks have a new role in this real estate market that is creating a vicious cycle. Many homes are being foreclosed upon because the owners can no longer afford the payments (for a variety of reasons). They go to public auction, the banks ask too much for them there so no one bids on them, they go back to the bank, then the bank puts them on the market 4-8 weeks later for a low, low price because obviously they want to get rid of them - FAST. The homes receive multiple offers within a couple weeks, and the home sells for a low low price - lower than anything else in the ...click to read more...