The north end is isolated. Coming from Boston you may want to look at mid south or south locations on the island. They are close to everything. I am from NJ and NC. Moved here six years ago and have a love hate relationship with this place. It has great weather but can get pretty boring. You have to drive to Jacksonville or savannah to get anything like a paneras or decent shopping. During the summer tourists take over. I would highly recommend renting first.... more
The homes in The Commons have been selling pretty well lately. There are currently seven homes available for sale and 3 of those homes have been listed for 50 days or less. All of these homes are priced between $299k and $375k. The Commons is a great neighborhood of starter homes/entry level homes on St. Simons. The lots are usually about .2 acre in size and the homes are either 3/2 or 4/3 and some of them have additional bonus rooms, offices and pools in the back yard. The neighborhood itself is a great place for kids. There are two community playgrounds and it is located close to an elementary school and several churches. I would definitely suggest this area if you are looking for investment properties to hold onto for a couple of years and flip when the market really starts coming back around. We have already picked up a little (about 4%), but we are just at the very start of the pick-up period.
Brad C. Davis
Sea Palms Coastal Realty Inc.... more
Of course you can make an offer on just the home, requesting for the seller to remove the furniture. If you are financing the home, one the sales contract, you want to make sure that it does not mention that the home is being sold furnished. If it says in the contract that the home is being sold furnished, it will create a problem with obtaining financing, because the underwriter/financer will want to assign a value to the furnishings and will want to subtract that value out of the purchase price and only finance the value of the home, not the value of the home and furnishings. If you do want to purchase a home furnished, a separate 'Bill-of-Sale' will need to be filled out. This is an agreement between the buyer and seller to transfer possession of furnishings for a stated cost, which could be $0.00. Let me know if you have any further questions about this.
Brad C. Davis
Sea Palms Coastal Realty Inc.
The majority of the homes in this area are of stucco and tabby exterior. We have some brick sided homes and some homes with hardy-boards siding. Depending on the area, the home may need to be built up to be above the flood zone. In these cases, the homes usually have a garage and additional storage on the ground floor and then have one or two floors above the ground level for living space and bedrooms. Homes in your price range will often come with elevators or be in a golf club community or close to the beach/Village. There is a bike/jogging path that runs the length of the island and goes through several of the streets near the beach as well. Since the island is about 12 miles long, you can go for quite a ride without having to turn around. Send me your email address and I will send you a sampling of what is currently available for sale in your price range.
Brad C. Davis... more
Purchasing a foreclosed home requires a significant amount of research, especially if you're not buying the home through a bank. For example, a title search should be done to find out if any outstanding debts are linked to the property, such as back taxes. You also should enlist the services of a real estate attorney because foreclosure regulations vary from state to state. Title insurance will provide some protection from any claims on a foreclosed property that could surface after the purchase. Nonetheless, buyers could still face legitimate claims from previous owners who assert there were illegalities in the foreclosure process. The previous owners may even seek the return of their properties.... more
Many people are finding themselves in this same situation, but as others have said, if you walk away at this point it could hurt you and your credit for years to come. A short sale might be feasible but only if your lender agrees. We would be happy to discuss options with you in person. You can reach me (or my managing broker, Jim Jones) at 912-280-0063, if you care to discuss this further. We are out of the office a lot, so leave a voice mail if you don't get an answer - and we'll get back to you as quickly as possible!
Alice Smith, AGR, GRI, SRES
Certified Loss Mitigation Specialist
Coastal Connection Realty