Bluffton Short Sale Home Sold by The Prestige Real Estate Group

Bluffton, SC, July 23, 2014 --(PR.com)-- This Bluffton short sale home was sold in the middle of July. It was listed in November 2013 for $100,000 after the first offer of $82,500 in January with a few negotiation the Bluffton home sold for $87,500. The Bluffton Short sale home is located on South Street in The Townes at Buckwalter in Bluffton 29910.

This Bluffton short sale home is a townhouse measured at 1,367 square feet. This Bluffton short sale home is a 2 story home with 2.5 bathrooms. This Bluffton Short sale home was built in 2005.

A Bluffton short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by the liens against the property. In addition, the property owner cannot afford or choose not to repay the liens full amounts.

Therefore, the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Any unpaid balance owed to the creditors is know as a deficiency.

Credit experts will agree that neither a Bluffton Short sale nor a foreclosure is favorable to a person’s credit or credit score, however,the impact of a foreclosure is much worse.

This Bluffton Short sale is located in the zip code region of 29910. In this region there are a total of 413 active listings. These homes in 29910 tend to be on the market for 82 days. The median price for Bluffton 29910 homes is $358.380. 6.1% of homes in 29910 are Bluffton short sale homes or foreclosures.

The number of active listings in Bluffton (29910) dropped by 8.9% from the previous month. The number of sales in May dropped by 39% from the previous month.

The percent of owner occupied properties in Bluffton 29910 is 55.44%. The percent of rental properties in BLuffton 29910 is 26.14%. A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.

Median household income in 29910 is $58,599 with 476 households earning between $35,000 to $40,000 annually.24.58% of the residents in the area of this Bluffton short sale home have completed their bachelors degree.

Median age in the area of this Bluffton short sale home is 33 and 34% of these Bluffton residents are married. In this Bluffton short sale home’s zip code region, there are 12,572 Bluffton homes. 4,806 of those Bluffton homes in 29910 contain children.

The Prestige Real Estate Group was started and is owned by Carletha Frazier Singleton.

Carletha became a South Carolina real estate agent in 2004 and later also became a Georgia real estate agent. Over seven years ago Carletha went back to continue her education in Real Estate and is now a Real Estate Broker, and has started her own team of Real Estate agents.