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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

730 Pickering Drive, Unit 304 Unit 304, Murrells Inlet SC 29576

$147,995

730 Pickering Drive, Unit 304 Unit 304, Murrells Inlet

Good golly Miss Molly... This condo has it all, approx 2,000 sq ft, three bedrooms, two full baths including a large master bath with huge walk in shower and a garden tub...

  • Beds 3
  • Baths 2
  • MLS 1407787
  • Bldg. 13

1020 James Island Ave, North Myrtle Beach SC 29582

$395,000

1020 James Island Ave, North Myrtle Beach

Raised Beach home with many features such as hardwood floors, granite countertops and stainless steel appliances in the kitchen. A large first floor master suite with wal...

  • Beds 4
  • Baths 3
  • MLS 1407798

225 Rocko Drive, Myrtle Beach SC 29579

$164,500

225 Rocko Drive, Myrtle Beach

A beautiful 3 bedroom and 2 bathroom single family home on a quiet cul-de-sac in Burcale Commons. This home has been freshly painted. This home has a large living room. I...

  • Beds 3
  • Baths 2
  • MLS 1407825

9231 SERENITY PLACE, Murrells Inlet SC 29576

$162,500

9231 SERENITY PLACE, Murrells Inlet

Beautiful low country all brick home, 3 bedrooms, 2.5 baths in Meadowoods. This home has a large livingroom with a fireplace for those cool evenings. The large kitchen ha...

  • Beds 3
  • Baths 2
  • MLS 1407792

3026 Raspberry Ln, Conway SC 29527

$48,300

3026 Raspberry Ln, Conway

Bank owned property to convey in AS-IS condition with no warranties expressed or implied. Seller reserves the right to obtain long term tenant prior to ratification of c...

  • Beds 3
  • Baths 1
  • MLS 1405839