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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.

Latest Foreclosures

3700 GOLF COLONY LANE Unit 5D, Little River SC 29566

$34,900

3700 GOLF COLONY LANE Unit 5D, Little River

Great 1BR/1BA second floor unit in Golf Colony at Baytree in Little River. Unit has balcony overlooking pool, central heat, central air, carpeting and vinyl flooring, ki...

  • Beds 1
  • Baths 1
  • MLS 1414510

2207 S Ocean Blvd Unit 816, Myrtle Beach SC 29577

$74,900

2207 S Ocean Blvd Unit 816, Myrtle Beach

Great opportunity to own an Ocean Front unit in Sandcastle South Resort. This unit is a one bedroom layout with a seperate living room with a pull down murphy bed to sle...

  • Beds 1
  • Baths 1
  • MLS 1414508

1360 Turkey Ridge Rd Unit Apt C, Myrtle Beach SC 29575

$49,200

1360 Turkey Ridge Rd Unit Apt C, Myrtle Beach

Make this large 2-story condo yours! It's conveniently located and it includes a sunroom and large deck! Needs TLC. Make an offer! REO PROPERTY - BANK OWNED. PROPERTY S...

  • Beds 3
  • Baths 3
  • MLS 1414473

1259 Stalvey Avenue, Myrtle Beach SC 29577

$57,000

1259 Stalvey Avenue, Myrtle Beach

Great opportunity on this 1-story ranch home that has Patio, hardwood floors and on a lot of .26 acres! Make an offer! REO PROPERTY - BANK OWNED. PROPERTY SOLD ‘AS IS’ ...

  • Beds 3
  • Baths 1
  • MLS 1414470

1779 Old Town Ave., Georgetown SC 29440

$189,900

1779 Old Town Ave., Georgetown

Beautiful large custom home in Harmony Township, move-in ready! 4 bedroom, 3 bath home with custom kitchen, large first and second floor plantation-style porches, custom ...

  • Beds 4
  • Baths 3
  • MLS 1414469