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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

1605 S ocean blvd Unit 2014, Myrtle Beach SC 29577

$110,000

1605 S ocean blvd Unit 2014, Myrtle Beach

2 bedroom 2 Bath condo in one of more popular ocean front resorts in Myrtle Beach. Unit is in GREAT SHAPE. It is fully furnished.

  • Beds 2
  • Baths 2
  • MLS 1420171

5511 N ocean Blvd Unit 1804, Myrtle Beach SC 29577

$225,000

5511 N ocean Blvd Unit 1804, Myrtle Beach

**Corner Condo*** Beautiful coastline views looking to the south of the HUGE 3 bedroom condo. Located in one of the most desirable areas of Myrtle Beach. One of only a co...

  • Beds 3
  • Baths 2
  • MLS 1420156

668 Highway 66, Conway SC 29526

$69,900

668 Highway 66, Conway

Cute cinder block home with detached carport and storage shed. Located near Highway 22 for quick access to anyway in the area. While this home may require a little TLC,...

  • Beds 2
  • Baths 1
  • MLS 1420150

1625 Crosswinds Ave., North Myrtle Beach SC 29582

$439,900

1625 Crosswinds Ave., North Myrtle Beach

North Myrtle Beach...Sunset Harbour...4BR/3.5BA Mediterranean style home located in an awesome waterway community. Enter into this custom built home featuring soaring cat...

  • Beds 4
  • Baths 3
  • MLS 1320128

719 Shearwater Court Unit 204, Murrells Inlet SC 29576

$114,900

719 Shearwater Court Unit 204, Murrells Inlet

This is a great opportunity to own a beautiful condo in a gated community. This is a very spacious three bedroom and two full bath condo with an open living room that st...

  • Beds 3
  • Baths 2
  • MLS 1420093

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.