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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

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$105,600

457 Oakham Dr, Conway

It is a good house on a lake. It has granite counter tops in the kitchen and both baths. Patio out back overlooking the lake and a two car garage. All purchaser must r...

  • Beds3
  • Baths2
  • MLS1506416

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$629,900

3446 Wilderness Lane, Murrells Inlet

Welcome to 3446 Wilderness Lane, a gracious traditional brick home with circular driveway and expansive front yard allowing for superb curb appeal. Enter into the front ...

  • Beds4
  • Baths3
  • MLS1506250

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$414,900

4018 TIGER PAW LANE, Myrtle Beach

A custom built 5 bedroom and 4.5 bathroom single family home brick massive home located in a wonderful neighborhood The Park of Forestbrook in Myrtle Beach. This home fea...

  • Beds5
  • Baths4
  • MLS1506228

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$134,900

26 Longleaf Circle, Myrtle Beach

Great Location! A beautiful 3 bedroom and 2 bathroom condo unit located in Longleaf Place. Close to everything, schools, restaurants, entertainment, golf and not far from...

  • Beds2
  • Baths2
  • MLS1506186

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$95,400

989 Nottingham Lake road, Conway

Make an offer! REO PROPERTY - BANK OWNED. PROPERTY SOLD ‘AS IS’ WITHOUT REPAIR, WARRANTY OR SELLER DISCLOSURE.

  • Beds3
  • Baths2
  • MLS1506181

Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2015 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.