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.
Bank Owned home that was acquired via Deed in Lieu of Foreclosure. This sprawling home is 95% complete and only needs appliances and some finish work. Be sure to view t...
Listing courtesy of JTE Real Estate , Jason Ellis.
Check this out today! 2 bedroom 1.5 bath home with many updates. Large private lot with 1.12 acres. Convenient to Hwy 501 and Hwy 22. Storage building. Large concrete pad...
Listing courtesy of Ocean Breeze Properties, LLC , Lori Reid.
!REDUCED! Don’t wait! This home is turn-key and ready for a new owner. Welcome to Harmony Township and Riverfront amenities. Launch your boat at the community boat ramp, ...
Listing courtesy of Beach and River Homes , Robert Slick.
Here is your opportunity to own a home in Hunters Ridge Crossing. This 1 story home features 3 bedrooms and 2 bathrooms. There is even a large enclosed rear porch to enjo...
Listing courtesy of Carolina Pines Realty , Beth Ross.
Lovely condo located at the waterway/golf course community of The Marina Inn at Grande Dunes. This unit offers direct views of the waterway from the balcony. Tastefully f...
Listing courtesy of Gibbs Realty & Auction Co. , Darrell Gibbs.
Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2020 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.