Myrtle Beach Foreclosures – MLS# 807701
October 23, 2009 by admin
Filed under Uncategorized
Myrtle Beach foreclosures are still a hot topic among the investment buyer, and the second home/vacation home buyer, and for good reason. There are fewer deals today , whether foreclosure or traditional sale, then there were even 3-6 months ago in the greater Myrtle Beach area. For the savvy buyer who works with a Realtor who has their finger on the pulse of the market and a good network for information, there are still some fantastic buys out there, like MLS# 807701, which is on the Intracoastal Waterway and offered at 50% of its original value. This is one of the few Carolina Forest homes for sale that fall into the foreclosure category. With Myrtle Beach foreclosures, especially in the Carolina Forest area, buyers can no longer afford the luxury of sitting back hoping that the foreclosure price is going to drop because if they do, there is an educated buyer right behind them ready to snatch it up. These foreclosures are many times going to a multiple bid situation and selling for more than their listed price. The banks are not in the business of selling homes, and they definitely don’t enjoy paying HOA fees, utility bills, and taxes, so they are aggressively pricing these homes far below a normal valuation by a local appraiser. This is a perfect storm of highly aggressive pricing, historically low interest rates, and fewer qualified buyers to compete with. The well educated, and savvy, buyer is in the best position to buy than they perhaps will be in decades. Call or email me today to get a free list of Myrtle Beach foreclosures!
