Myrtle Beach Foreclosures
Myrtle Beach foreclosures while still abundant are beginning to sell more as the Grand Strand region is starting to see a continued and sustained rise in sales. For those who are not afraid to jump into this market and are able to make quick decisions, the Coastal Carolina foreclosure market is a virtual gold mine of opportunity with many homes and condos going for 35% of their original sales price!
With foreclosure listings in Myrtle Beach and all through the Grand Strand region, we can find you the home you have been looking for and with prices from $10k to around $400,000 we can truly say we have a home for any budget. Luxury condo foreclosure buyers who come to the region who are used to “South Beach prices” are pleasantly surprised to find that they can get exceptional properties that rival any on South Beach for a fraction of the cost.
Many home buyers are beginning to see the wisdom in considering a foreclosed property especially when they stop to consider that with just a little effort the purchased home is almost invariably in a huge positive equity situation. Also, the Fannie Mae 15 day "First Look" period gives potential home owners a leg up on the competition by keeping no occupant real estate investors from making an offer for the two week time span to allow homeowners the first shot at these homes.
The condition of foreclosed properties varies, conventional wisdom along with experience says that most foreclosed properties may need some TLC but this is not always the case, especially among condos that were second homes in the Myrtle Beach area. Foreclosures are generally sold as is so you definitely want to have a thorough home inspection so you aren’t surprised later. Another positive point for buyers that need a fast closing is that foreclosures are mostly vacant so the new owner can move in much quicker than in many other home purchase scenarios.
Even though the foreclosure market has historically been the domain of professional real estate investors, anyone can take advantage of these tremendous bargains as long as you keep a few things in mind. First off, you want to be sure that you get preapproved so that when you find a property there are no delays plus it can be used as a bargaining tool when you can show the seller you already have preapproved financing. Work with a local area foreclosure expert who knows what the comparable prices are in the area as well as expected closing times.
We have a diverse portfolio of foreclosures and short sales in the Myrtle Beach area to choose from and with our experience and knowledge of the local area you will be hard pressed to find another REALTOR that could be more for you. Give us a call today and let us help you make the deal for your next home.
Bank owned foreclosure. Great opportunity! Four bedrooms, three full bathrooms with over 3,000 square feet inclusive of almost 400 square feet of deck space. This four...
- Beds 4
- Baths 3
- MLS 1404397
- Bldg. Margate
Second floor 3 bedroom, 2 bath villa with golf course view. Some new carpet and paint - and furnishings convey. Ideal rental investment or second home.
- Beds 3
- Baths 2
- MLS 1404476
- Bldg. TURNBERRY PARK
Great unit for college student, parents can make an investment save on campus living fees, close to Coastal Carolina. Ideal for just a small beach getaway for little inve...
- Beds 2
- Baths 2
- MLS 1404391
- Bldg. Coastal Villas
Fox Horn, Just off of Forestbrook Road, this fabulous 3 bedroom, 2.5 bath home with approx 2000 sq ft is a dream home. For the young family, the children will attend awa...
- Beds 3
- Baths 2
- MLS 1404418
This lovely 4 bedroom and 4 bathroom townhome in MINGO - Pawleys Island. This home features a beautiful and spacious floor plan, kitchen with granite counters and a brea...
- Beds 4
- Baths 4
- MLS 1404297