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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

415 Ocean Creek Drive Unit 2225, Myrtle Beach SC 29572

$114,900

415 Ocean Creek Drive Unit 2225, Myrtle Beach

Beautifully furnished and decorated 2 bedroom, 2 bath condo in Ocean Creek with a huge screened porch. This unit is immaculate! Ocean Creek is a gated 57 acre resort with...

  • Beds 2
  • Baths 2
  • MLS 1401143

4660 Ironwood Drive, North Myrtle Beach SC 29582

$289,900

4660 Ironwood Drive, North Myrtle Beach

Large home with screened in room sits on a corner lot. This home features fresh paint, new range, new dishwasher, new microwave, and new carpet. This is a must see home ...

  • Beds 3
  • Baths 2
  • MLS 1407682

3866 Camden Dr., Myrtle Beach SC 29588

$179,900

3866 Camden Dr., Myrtle Beach

Close but yet away from the traffic, located in Steeplechase subdivision this 3 bed 2 bath home with large bonus room over garage, boasts new carpet , paint and kitchen ...

  • Beds 3
  • Baths 2
  • MLS 1407623

1430 Turkey Ridge Road Unit UNIT C, Myrtle Beach SC 29575

$45,900

1430 Turkey Ridge Road Unit UNIT C, Myrtle Beach

Great 2 bedroom, 2 bath, 2 floor home in the Buck Hill section of Deerfield Plantation would make a great second home, starter home or rental. This home has a large livin...

  • Beds 2
  • Baths 2
  • MLS 1407585

714 Holloway Circle S, North Myrtle Beach SC 29582

$214,900

714 Holloway Circle S, North Myrtle Beach

None

  • Beds 3
  • Baths 2
  • MLS 1407567