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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

142 WEST HAVEN DRIVE Unit 9A, Myrtle Beach SC 29579


142 WEST HAVEN DRIVE Unit 9A, Myrtle Beach

This beautiful 3 bedroom and 2 bathroom condo unit is located in Carolina Willows a gated community with a very safe and quiet neighborhood. This condo features an open f...

  • Beds 3
  • Baths 2
  • MLS 1415675

4273 Parkway Lane Unit 4273, Little River SC 29566


4273 Parkway Lane Unit 4273, Little River

Large, 2 story, 3BR/2BA brick town home in the Parkway subdivision in Little River. Home has new paint, new carpet, great room, kitchen, master bedroom and bathroom on m...

  • Beds 3
  • Baths 2
  • MLS 1415621

7000 North Ocean Blvd Unit 127, Myrtle Beach SC 29572


7000 North Ocean Blvd Unit 127, Myrtle Beach

This is a wonderful efficiency condo located in the Caravelle Tower of Myrtle Beach, SC. Great location and great views of the pools and ocean from your balcony. Close t...

  • Beds
  • Baths 1
  • MLS 1415576
  • Bldg. Caravelle Tower

117 South Shore Blvd Unit 105, Longs SC 29568


117 South Shore Blvd Unit 105, Longs

Located in the beautiful Tullamore Lakes of Sun Colony, this 3 BR 2BA condo is an end unit located on the 1st floor. Located off Hwy 9, only a few minutes to the beach a...

  • Beds 3
  • Baths 2
  • MLS 1415547

4484 Girvan Drive Unit C, Myrtle Beach SC 29579


4484 Girvan Drive Unit C, Myrtle Beach

A must see! This conveniently located, spacious condo is an end unit and features a great floorplan, crown molding throughout, large eat-in kitchen, loft with wet bar, sc...

  • Beds 3
  • Baths 3
  • MLS 1415545

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.