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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.

Latest Foreclosures

706 N 65Th AVE Unit APT B, Myrtle Beach SC 29572

$44,500

706 N 65Th AVE Unit APT B, Myrtle Beach

A lovely 2 bedroom and 2 bathroom home located in the heart of Myrtle Beach, a mile to the beach. This home has a spacious living room and a airy kitchen. This home would...

  • Beds 2
  • Baths 2
  • MLS 1419673

4502 Little Rive Inn Lane Unit 2502, Little River SC 29566

$52,500

4502 Little Rive Inn Lane Unit 2502, Little River

2BR/2BA ground floor condo located in the desirable Little River Inn in Little River. Condo has central heat, central air, electric Service with Santee Cooper, water/sewe...

  • Beds 2
  • Baths 2
  • MLS 1419670

110 Whitetail Way Unit 4, Pawleys Island SC 29585

$149,900

110 Whitetail Way Unit 4, Pawleys Island

Spacious 2BR/2.5 BA Condo in the beautiful golf community of Pawleys Plantation. Pawleys Glen II 2 bedroom villas are versatile as a primary residence, second home, or r...

  • Beds 2
  • Baths 2
  • MLS 1419663
  • Bldg. Pawleys Glenn II

101 Dale Glen Lane, Loris SC 29569

$246,900

101 Dale Glen Lane, Loris

Large home on over 2 acres of land. This property boasts vaulted ceilings in living room, family room and dining area, see through fireplace, double door master bedroom e...

  • Beds 3
  • Baths 2
  • MLS 1419718

147 Feagen Dr., Georgetown SC 29440

$43,900

147 Feagen Dr., Georgetown

3 bedrooms, 1 bath ranch home on 1.37 acres consisting of 2 adjacent lots. Convenient location to highway 17 just south of Georgetown. You can be in McClellanville or Mo...

  • Beds 3
  • Baths 1
  • MLS 1419662

Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2014 of the Coastal Carolinas Association of REALTORS® MLS. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.