Featured Listings

Charleston $75,000
Beds: 8 Baths: 4 FullDetails

Charleston $275,000
Beds: 4 Baths: 4 FullDetails

Newest Listings

Isle Of Palms $3,985,000
Beds: 4 Baths: 4 FullDetails

Mount Pleasant $8,750,000
Beds: 3 Baths: 4 FullDetails

Foreclosures and Shortsales

Foreclosures and Short Sales in the Charleston Area

SC Property Pros are fully equipped and ready to help you with finding a foreclosure or short sale in the greater Charleston Area.  Call us and ask about receiving Your FREE list of Short Sales and Foreclosures in the Lowcountry!!  843-296-5006

How Do Foreclosures Work?

In today's real estate market, home buyers who are hunting a good deal in real estate almost always think about pursuing foreclosures first. These buyers have a mental picture of a quaint little house, with the quintessential "white picket fence" that is currently owned by a widow or widower who recently fell on hard times. Unfortunately that scenario is in general quite far from reality. When you purchase a foreclosed home, you're cashing in on a property which someone was no longer able to pay for. Foreclosures are anything but easy- they are difficult both to locate and to execute the transactions in a timely manner. Nevertheless, the potential to turn a foreclosure over for a hefty profit may still be there-you just have to either know what you are doing or work with someone who does.   Let's look a little deeper at a Foreclosure-the reality version:

Why Do Sellers Go Into Foreclosure?

Sellers go into foreclosure when they stop making payments for any number of reasons. News Flash-Very few actually choose to go into foreclosure voluntarily. With that said, it's often an unpredictable result from one or more of the following snowballing affects:

• Arguments which can't be resolved with co-owner, ie. divorce
• Some member of household's job is transferred to another state
• Owner of Property gets Laid-off, fired or just quits their job
• Accident causing inability to work or medical conditions
• Mountains of debt and further mounting bill obligations

Some Helpful Foreclosure Tips to Chew On

As I said before, foreclosures are never easy. Here are a few things to keep in mind:

There will inevitably be more paperwork involved than any other type of conventional real estate deal, especially if the government is involved.

If the seller will allow you to have the property inspected, do so as soon as time permits. Some sellers may actually include this as a part of the sales agreement, but in the end, the buyer still pays for it.

Always check to see if there are any existing liens on the property because if there are-Guess What?-you are buying those too.  At times, there will be liens due to unpaid property taxes.  Make sure you get in writing who will be liable for those debts.

Is the foreclosure in a desirable or less than desirable neighborhood? Have us run you some comparables in the area and check whether or not the property purchase is in fact a good deal.

What kind of shape is the property in? Keep in mind that some foreclosures,unlike so called "fixer-uppers"can be found in fairly descent shape. Others however may be behind in maintenance. Remember just because a person finds themselves unable to pay a mortgage, doesn't always mean that they are neglectful.

$1,995,000 - 89 Beaufain St Charleston, Sc 29401 @ Harleston Village

MLS#

1127276

Class:

Residential

Status:

Active

Beds:

5

Baths:

5 Full / 2 Half

Two houses--The William Steel House, circa 1815 and guest house built in 2005. Neo-classical main house has been totally renovated and is classified as "Valuable to City" and Category One. Elegant formal rooms open to downstairs piazza. Exquisite hand carved mantles and moldings in many rooms. Sparkling heart pine floors. Gourmet kitchen and ...

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$1,699,000 - 238 Beauty Berry Ct Kiawah Island, Sc 29455 @ Kiawah Island

MLS#

1309517

Class:

Residential

Status:

Active

Beds:

4

Baths:

4 Full / 1 Half

This beautiful, sophisticated, stucco home with slate roof is located within Cassique, a Kiawah Island Club neighborhood and is conveniently located to the Cassique Club House and Sports Pavilion. Wonderful, bright, open indoor living area, featuring exposed beams, elevated ceilings and stone fireplace - all opening onto private courtyard wit...

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$1,650,000 - 61 Tradd St Charleston, Sc 29401 @ South Of Broad

MLS#

1306615

Class:

Residential

Status:

Active

Beds:

5

Baths:

3 Full / N/A

This is a short sale and an excellent opportunity to purchase a pre-revolutionary masonry home in the heart of downtown Charleston at a very reasonable price. A true historical gem located South of Broad, the Carolopolis Award winning Jacob Motte House is one of the earliest residences built in the city on the land originally bought from Robe...

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$1,499,000 - 47 Iron Bottom Ln Charleston, Sc 29492 @ Daniel Island

MLS#

1223444

Class:

Residential

Status:

Active

Beds:

6

Baths:

6 Full / 1 Half

As your tour 47 Iron Bottom you will enjoy spectacular views for almost every window. This is one of the few homes on Daniel Island with panoramic views of the golf course from the front AND back of the home. The windows are big and the home is filled with natural light. What a beautiful environment! There is a large pond just off the tiered rea...

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$1,275,000 - 5881 Bears Bluff Rd Wadmalaw Island, Sc 29487 @ Wadmalaw Island

MLS#

1119909

Class:

Residential

Status:

Active

Beds:

2

Baths:

2 Full / N/A

LENDER OWNED!! LARGEST RECREATIONAL TRACT CURRENTLY AVAILABLE ON WADMALAW! PROPERTY CONSISTS OF TWO ADJACENT TRACTS TOTALING 118 ACRES. TOPOGRAPHY HAS A NICE ROLL WITH SUBSTANTIAL CHANGES IN ELEVATION. BEAUTIFUL NATURAL HARDWOOD/ PINE FOREST, YOUNGER VOLUNTEER PINE, BEAUTIFUL HIGH HILL WITH MARSH VIEWS AND A 3.5 ACRE SALTWATER POND. A BIG SAL...

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$1,099,000 - 243 Delahow St Charleston, Sc 29492 @ Daniel Island

MLS#

1312575

Class:

Residential

Status:

Active

Beds:

5

Baths:

4 Full / 1 Half

This is a possible short sale. Owner's paid 1,290,000 for this beautiful Brick Charleston Single Style Home with 5 large bedrooms and a possible 6th bedroom by simply adding a closet to a large room on the 3rd floor! Walk into the large open foyer and you will immediately notice the pristine brazilian cherry floors! Large separate dining room l...

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$995,000 - 837 Bridge Point Cir Mount Pleasant, Sc 29464 @ Harbour Watch

MLS#

1106081

Class:

Residential

Status:

Active

Beds:

6

Baths:

4 Full / 1 Half

Gorgeous home in a wonderful location. This house has it all! Large living room with fireplace, dining room, and large kitchen. There is also a beautiful library with mahogany shelving, master bedroom with fireplace and huge master bath. The downstairs has beautiful old heart-of-pine flooring. Second floor consists of four additional bedrooms...

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$895,000 - 546 Faulkner Dr Mount Pleasant, Sc 29466 @ Alston Point

MLS#

1205822

Class:

Residential

Status:

Active

Beds:

5

Baths:

4 Full / 1 Half

Custom Elevated Home on Alston Creek with Inground Pool, Dock and Boat Lift. Located on 1.4 Pristine acres this Beautiful home as it all. Enjoy the Panaramic Long Range views of Alston Creek and the Wando river! Large Gourmet Kitchen with Granite Counters, Hardwood Floors, Upgraded Stainless Steel Appliance, Pantry and Eat-in Area. The Spacio...

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$890,000 - 124 Memes Way Wando, Sc 29492 @ Cainhoy

MLS#

1029980

Class:

Residential

Status:

Active

Beds:

5

Baths:

5 Full / 1 Half

This home will take your breath away! The exterior is accented with stone, surrounded by massive porches and balconies. Enter to the marble foyer, detail molding on the ceiling (see picture), formal dining room is on your right and living room with grand fireplace on your left. The open floor plan leads you to the spectacular great room with ...

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$824,900 - 3104 South Shore Dr Charleston, Sc 29407 @ Battery Haig On The Stono

MLS#

1307515

Class:

Residential

Status:

Active

Beds:

3

Baths:

3 Full / 2 Half

This home located in historical Battery Haig is a MUST SEE for the most discriminating Buyer! Launch your boat from your own private dock and access the Inter Costal Waterway and Stono River. Enjoy breathtaking views and awesome sunsets from the deck and screen porch. This is a Signature Home with upgraded construction. The home boasts so man...

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