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3739 White Wing Circle
3 beds, 2 baths
$199990


See Our Sold Properties

Recently Sold by Greg Harrelson

Unit A1 Cambridge Place, Garden City





8797 Cloister Dr. , Unit F, South Bay Lakes, Surfside Beach



Lot 53 Lowcountry Loop, Bellwood Landing, Murrells Inlet




7200 North Ocean Blvd, Unit 859 Long Bay Resort, Myrtle Beach





2504 N Ocean Blvd, Unit 635 Carolinian Beach Resort, Myrtle Beach




2201 S Ocean Blvd, UNIT 1909 Paradise Resort, Myrtle Beach




2201 S Ocean Blvd, UNIT 1704 Paradise Resort, Myrtle Beach



Real Estate Glossary

Amenity

A property characteristic that gives it more worth or value, because it is seen as an advantage that is not a basic part of the property. Such characteristics can be natural environment traits that surround the property or an “extra” that has been added onto it.

Amortization

Reducing a mortgage by making a regular monthly payment according to a schedule put in place by your mortgage lender (comprised of both the principle amount and the incurred interest).

Annual Percentage Rate (APR)

This calculation will help you determine how much a particular loan will cost, using a specific formula.

Application

The initial form a potential home buyer will have to fill out when they first request a mortgage. The lending company will take this information into account when deciding whether to give a loan to the applicant.

Appraisal

An estimation of the value of the property. This allows a lender know how much a property is worth, according to the fair market value, before they give a loan on it.

Appraiser

Someone who is qualified to give a property appraisal (see above).

ARM

Acronym for “Adjustable Rate Mortgage”. With an ARM, your mortgage rate will change as the current market rate changes. So, when the market rate goes down, so will your rate and vice versa.

Assessor

Someone who is qualified to give a property appraisal for tax purposes.

Assumable mortgage

When a seller passes the mortgage on a property to the buyer, so that the buyer will assume full responsibility for the remaining payment.

Balloon Mortgage



When the legal system has confirmed that a person no longer has the financial resources to pay the debts that s/he may owe.

Borrower

Someone who applies, is approved, and receives money for a mortgage.

Building code

Standards of safety that a building must comply to or risk being cited and/or shut down.

Budget

A log of how much one has made and spent over a specified amount of time. Can also be an estimate of how much money a person has for a particular need.

Cap

A maximum value on how much a payment or interest rate can increase.

Cash reserves

Extra funds that a borrower may be required to have, aside from the funds to pay for a down payment and closing costs.

Certificate of title

A paper verifying that the title belongs to the titleholder and no one else.

Closing

When a property is transferred from one owner to another after it is sold.

Closing Costs

Money that needs to be paid when a property is transferred from one owner to another after it is sold.

Commission

The amount a real estate agent collects for selling a property.

Condominium

A property that has multiple units which are individually owned.

Conventional loan

Loans that are financed by an investor who will determine the requirements for the borrower and the loan terms.

Cooperative (Co-op)

When a multi-unit building is owned by several tenants who all share in the financial responsibility of the property.

Credit History

The record of a person’s ability to pay off loans, credit card debts, or other debts.

Credit Report

A report listing the record of a person’s ability to pay off loans, credit card debts, or other debts.

Credit bureau score

A number derived by a person’s ability to pay off past debts.

Debt-to-Income ratio

The debt one has compared to the income they receive, in the form of a percent. Most lenders have a set debt-to-income ratio that a borrower must exceed to be approved for a mortgage.

Deed

A document which outlines the provisions of a property rights transfer that occurs between a seller and a buyer.



Default

When a mortgage installment becomes severely delinquent.

Delinquency

When a mortgage installment becomes overdue.

Discount point

A discount, usually worth 1% per point, which is applied to the mortgage interest rate.

Down payment

Part of the property price that is paid by the buyer at closing time, rather than by the lending company. The mortgage principle will be the selling price of the property minus the down payment.



Funds placed on a property by a potential buyer to show that s/he is sincere about buying the property. If the sale goes through, these funds will be combined with the down payment and deducted from the selling price.

EEM

An acronym for “Energy Efficient Mortgage”, which is a program (funded by the FHA) that makes it possible for those buying a new home to add energy efficient amenities onto it, so that the heating costs will be lower once the new owners move in.

Equity

The fair market value price of a house minus the remaining mortgage value.

Escrow account

Money or assets that are held by a third party until certain conditions are met. In a mortgage situation, such an account is put in place to pay taxes and insurance.

Fair Housing Act

A law put into place to protect potential home buyers from discrimination.

Fair market value

A price that a buyer and seller agree on when they both are acting without force and are aware of all necessary facts.

Fannie Mae

Another name for the Federal National Mortgage Association, which purchases mortgages to resell to investors so that the funds may be used to provide a loan for potential home buyers through the mortgage process. Owned by private stockholders.

Federal Housing Administration (FHA)

An agency which was created in 1934 to help potential home buyers with funding for a new home, especially those who may not qualify for a typical mortgage.

Fixed-rate mortgage

A mortgage that has a fixed monthly payment during the entire life of the loan, rather than changing over time.



Insurance which will pay the home owner to fix damages in the event of flood damage. This may be required for some mortgages.

Foreclosure

A legal course of action where a home is resold to pay off the mortgage. This happens when a home buyer becomes severely delinquent in his mortgage payments.

Freddie Mac

Another name for the Federal Home Loan Mortgage Corporation, which purchases mortgages to resell to investors so that the funds may be used to provide a loan for potential home buyers through the mortgage process.

Ginnie Mae

Another name for the Government National Mortgage Association, which sells FHA and VA loans to investors so that the funds may be used to provide a loan for potential home buyers through the mortgage process. A US Government agency.

Good Faith Estimate

An estimate of the closing costs associated with buying a home, which must be provided to the potential home buyer within 3 days of their mortgage application.

HELP

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Insurance

Coverage for specific items. One will pay a monthly fee to receive this protection.

Judgment

When a decision is made by the court system.

Lease purchase

When a person makes monthly lease payments on a property with the intention to buy. Each time a payment is made, it will be deducted from the purchase price.

Lien

A judgment against someone’s property, usually for failure to make payments on a loan, mortgage, or other credit account. The funds from the sell of the property are used to repay the debtor.

Loan

When one borrows money from a lender.

Loan fraud

Trying to dupe a lender by lying on a loan application.

Loan-to-value (LTV) ratio

The loan amount borrowed divided by the property’s fair market value, expressed as a percent. The higher the LTV, the better for a borrower.

Lock-in

The guarantee of a specific interest rate if the loan is paid off within a specified amount of time.

Loss mitigation

When a defaulted borrower receives help from a lender to avoid foreclosure on the property.

Margin

An additional quantity added to the index that is used to figure out the interest rate of an ARM.

Mortgage

An amount that a borrower receives from a lender to fund a real estate purchase or when a borrower takes out a loan against their current home, putting it up as collateral.

Mortgage banker

A company that secures loans that they then sell to secondary lenders.

Mortgage broker

A company that secures loans for a lender.

Mortgage insurance

Coverage for lenders against a borrower who may default on their loan. The borrower is required to make the premiums and the lender will receive the funds if the buyer defaults. May be required for some borrows in order to obtain a loan.

Mortgage insurance premium (MIP)

The premium paid for mortgage insurance coverage. Is paid by the borrower.

Mortgage Modification

A choice that is utilized during the loss mitigation process that enables the defaulted borrower to lengthen the life of the mortgage or completely refinance in order to lower the mortgage payments.

Offer

To show a genuine interest in buying a property by indicating a price that one is willing to pay.

Origination

When a loan application is created, submitted, and reviewed.

Origination fee

The amount charged for creating, submitting, and reviewing a loan; usually paid with other closing costs.

Partial Claim

A choice that is utilized during the loss mitigation process that enables the defaulted borrower to receive a loan from HUD for an amount that will pay off their past due mortgage payments. This loan does not carry interest.

PITI

Acronym for “Principal, Interest, Taxes, and Insurance”, which are the parts that make up a mortgage payment.

PMI

Acronym for “Private Mortgage Insurance”, which is offered by some privately owned businesses for borrowers who are paying a down payment lesser than 20%.

Pre-approve

When a borrower is approved for a specific loan amount before they make a property purchase. They will continue to be approved at the time of purchase unless their qualification circumstances change.

Pre-foreclosure sale

An option open to borrowers, who have defaulted on their mortgage, where they will be able to sell the property and pay off their mortgage instead of facing foreclosure.

Pre-qualify

When a lender calculates how much they could possibly lend the borrower before the approval process.

Premium

Payments made on a specified schedule to continue insurance protection.

Prepayment

A mortgage payment before the due date. Could result in a penalty fee.

Principal

A mortgage or loan amount before interest and other fees.

Radon

Dangerous gas that can cause health problems if exposed. Found in some homes.

Real estate agent

A “middle man” who is licensed to help a seller sell a property or to help a buyer find a property to purchase.

Realtor

A licensed real estate professional that is also a member of the National Association of Realtors.

Refinancing

Obtaining a second loan to pay off the first. Most people refinance in order to get a better interest rate or to arrange lower monthly payments.

Rehabilitation mortgage

A loan for the costs associated with improving a home.

RESPA

Acronym for “Real Estate Settlement Procedures Act”, which is a law that requires lenders to tell an applicant of all the information needed to make a fully informed decision about a mortgage.

Settlement

When a property is transferred from one owner to another after it is sold. Also known as closing.

Special Forbearance

A choice that is utilized during the loss mitigation process that enables the lender to offer the defaulted buyer special terms, such as a decrease or deferment of payments for a specified period of time.

Subordinate

Someone or something that is lower in status than another.

Survey

A detailed diagram of a property to determine where its borders begin and end, where it can be improved upon, etc.

Sweat equity

To physically work on a property that one wants to purchase in order to lower the required down payment.

Title 1

A loan for the costs associated with improving a home for reasons other than luxury. FHA-insured.

Title insurance

Coverage for a property’s title to help protect a lender or homeowner in the event of claim disputes.

Title search

The checking of public property records to ensure that that the said owner is legally the owner and that there are no outstanding claims on the property.

Truth-in-Lending

A law which requires lenders to reveal (in writing) any and all fees, credit terms, and conditions of a loan.

Underwriting

When a loan application is reviewed to find out how much risk will be associated with the loan if approved.

VA

Acronym for the Department of Veterans Affairs, which gives coverage to lenders who loan to veterans, incase the loan is defaulted.

Neighborhood Info

Myrtle Beach

Myrtle Beach, the center of the Grand Strand, has been a popular tourist destination for decades. Miles of sandy beaches, great shops,and delicious restaurants make the area perfect for a vacation property or a permanent residence.

Surfside Beach

Surfside Beach, located 4 miles south of Myrtle Beach, is known as the The Family Beach with family-oriented activities and slower pace. The town was incorporated in 1964 and currently has around 4,800 residents.

North Myrtle Beach

Official birthplace of "the Shag" dance, North Myrtle Beach, is a 9 mile stretch along the Atlantic Ocean just north of Myrtle Beach. The town is made up of the 4 beach communities, Cherry Grove, Ocean Drive, Crescent Beach, & Windy Hill. North Myrtle Beach is home to Barefoot Landing, a large shopping, dining, and entertainment complex on the Intercoastal Waterway.

Little River

Little River, located just north of North Myrtle Beach, is the oldest of towns along the Grand Strand. Known for its boating and fishing, the town hosts the annual Blue Crab Festival which is now in its 29th year.

Murrells Inlet

Murrells Inlet, The Seafood Capital of South Carolina, is located just south of Myrtle Beach on Hwy 17. The quaint town is known for the Marshwalk, which features local restaurants and bars along the marsh, and Brookgreen Gardens, a historic landmark with the largest collection of sculpture in an outdoor setting.

Garden City

Garden City, nestled between Surfside and Murrells Inlet, is a sleepy beach town. A favorite for residents and tourists alike is Atlantic Ave with restaurants, bars, games, a small amusement park, and the Garden City Pier at the end.

Testimonials

Greg sold my condo in less than 4 months! He kept me informed of the changes in the market the whole time and was always there to address my concerns.
- Jeremy Finger


We were very impressed with our closing with Century 21 The Harrelson Group they have a whole team of professionals that handled every aspect of our closing. They were very efficient and for the most part, we didnt have to do anything except wait on the closing date!
- Kevin & Amy Lowery

Im so fortunate to have met Greg Harrelson in regards to selling my property. He was very straight forward, honest and told me the facts, even when it wasnt what I wanted to hear. Yet, because of his genuine concern of my best interest with my property, he saved me from future loss. No one else has ever informed me like he did and I appreciate that!
- Tony Dicello

Greg helped me find the perfect investment property! He made me aware of all the unexpected things that could happen in the process and how to handle them. His aggressive negotiation skills, along with his obvious knowledge of the market, lead to me purchasing a phenomenal deal in which I truly feel good about!
- Myla Cabildo

 

Q:   Do I need to be pre-qualified to purchase a property?

A:   A: As a general rule it's a great idea to be pre-qualified as a large number of sellers require a pre-qualification letter along with your offer to purchase. It will make your offer look stronger and make the chances more likely that you get your new property.

Q:   What do I need to do before I start planning on purchasing a property?

A:   A: Simply put, make sure your finances are in order. Buying a property is a huge purchase and therefore potential buyers will want to check with a lender to see what type of mortgage they qualify for.
Here are the facts you will want to present to a lender:
Annual Income
Amount of cash you have for a down payment (although some first time property buyer loan programs do not require a down payment)
Other Property Loans
Credit Card Balances
Other Loan Balances (Vehicles, etc.)
School Loans
Other financial factors affecting income (child support, tax payments, dividends, etc.)