Featured Listings

North Charleston $169,000
Beds: 3 Baths: 2 FullDetails

Charleston $175,000
Beds: 4 Baths: 1 FullDetails

Newest Listings

Charleston $6,400,000
Beds: 5 Baths: 6 FullDetails

Charleston $2,750,000
Beds: 3 Baths: 2 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.

$2,500,000 - 89 Beaufain St Charleston, SC @ 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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$1,899,000 - 803 West Ashley Ave Folly Beach, SC @ Folly Beach

MLS#

1104723

Class:

Residential

Status:

Active

Beds:

6

Baths:

6 Full / 1 Half

TOP QUALITY HOME ON FRONT BEACH. AUSTRAILIAN CYPRESS FLOORS, GRANITE, ELEVATOR, 2 LAUNDRIES AND WET BARS. SOLD FURNISHED EXCEPT FOR A FEW ART PIECES. BEACH VIEWS FROM ALMOST EVERY ROOM. BIG PORCHES-EVEN PORCHES HAVE SURROUND SOUND! HOME ON RENTAL PROGRAM THAT GENERATES A GROSS OF $150,000/YR. VERY OPEN LIVING AREA- BIG KITCHEN OPEN TO LARGE F...

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$1,750,000 - 43 South Battery Charleston, SC @ South Of Broad

MLS#

1122154

Class:

Residential

Status:

Active

Beds:

4

Baths:

3 Full / 1 Half

Lender owned property. Fabulous downtown location on South Battery. This Victorian style home features 12 ft ceilings, seven fireplaces, gorgeous hardwood floors, upgraded Gourmet kitchen and an awesome rooftop deck! Enjoy relaxing views of the Charleston Harbor from the double piazzas and deck. Landscaped lawn with irrigation. Property offer...

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$1,425,000 - 5881 Bears Bluff Rd Wadmalaw Island, SC @ 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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$1,349,000 - 625 Hall Rd Awendaw, SC @ White Stalls Pt. Jackson

MLS#

1028878

Class:

Residential

Status:

Active

Beds:

5

Baths:

5 Full / 2 Half

Simply put, this is one of the finest homes in the area. Located on the Intracoastal Waterway in the southern end of Awendaw, this home is only minutes from Wando High School and the new Roper Hospital. The short dock has a covered boat lift and recreation area plus a floating dock. The home is a true masterpiece with beautiful clear cypress ...

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$1,250,000 - 47 Montrose Rd Mount Pleasant, SC @ Ion

MLS#

1204143

Class:

Residential

Status:

Active

Beds:

6

Baths:

5 Full / 1 Half

This home has a pleasing, bright and open floor plan which is designed for gracious and spacious family living and entertaining. Brazilian cherry flooring runs throughout the home. As you enter through the 9 ft wide, open foyer you'll 1st find the formal dining room with detailed wainscoting located off to your right and an office/library to ...

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$1,195,000 - 349 Ralston Creek St Charleston, SC @ Daniel Island

MLS#

1127258

Class:

Residential

Status:

Active

Beds:

6

Baths:

5 Full / 1 Half

- This is a simply elegant home in Daniel Island Park on one of the most prestigious streets on the Island. - Has an inviting appeal from the moment you arrive with professional landscaping and double front porches. - Enter through the foyer and feel the charm of this home with a study on one side which leads through glass pocket doors to the la...

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$1,150,000 - 837 Bridge Point Cir Mount Pleasant, SC @ 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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$1,100,000 - 3203 Middle St Sullivans Island, SC @ Sullivans Island

MLS#

1007574

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / 1 Half

Ocean Views!! Breach Inlet Views!! The best of both worlds without the concern of being on the beach!! HOP, SKIP, AND STONE'S THROW TO THE BEACH! This home sits right at the base of the connector bridge between Isle of Palms and Sullivan's Island. AMAZING panoramic views of the ocean and breach inlet! Home has a traditional and casual feel as...

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$1,095,000 - 186 Beresford Creek St Charleston, SC @ Daniel Island

MLS#

1127740

Class:

Residential

Status:

Active

Beds:

6

Baths:

4 Full / 1 Half

SHORT SALE! - There are few backdrops more stunning and captivating than the extraordinary natural canvas on display at 186 Beresford Creek Street, a magnificent deepwater property with a shared dock. - Situated in a picture perfect spot, this custom built home is framed by giant oaks and has breathtaking views of Beresford Creek and the Lowcoun...

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