Featured Listings

Charleston $95,000
Beds: 6 Baths: 2 FullDetails

Charleston $64,900
Beds: 3 Baths: 2 FullDetails

Newest Listings

Isle Of Palms $2,995,000
Beds: 6 Baths: 5 FullDetails

Isle Of Palms $4,900,000
Beds: 6 Baths: 5 FullDetails

Foreclosures and Shortsales - Page 10

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.

$95,000 - 107 Ewell Ct Summerville, Sc 29483 @ Sangaree

MLS#

1312959

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / N/A

This is a short sale. This home is located a few houses from the culdesac on a terrific street with great neighbors who are very friendly. The owner hates to sell!!! Roof is made of architechural shingles. Ceramic tiled flooring throughout den and kitchen. Terrific large screened in porch. Gutters added by owner right after he purchased. Larg...

 View Listing

---

$324,900 - 706 Hwy 174 Edisto Island, Sc 29438 @ Edisto Island

MLS#

1313108

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / N/A

Island home with superb location! 4.78 acres just two miles to the beach! Bank owned home offers great potential with a little TLC. Open floor plan features: 3 bedrooms, 2 full baths, hardwood flooring throughout (except tile in baths), corian counters in kitchen, 9' smooth ceilings throughout, vaulted ceilings in great room and ample windows...

 View Listing

---

$89,900 - 110 Spanish Oaks Ln Ladson, Sc 29456 @ Grand Oaks Preserve

MLS#

1308244

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / 1 Half

** Beautiful Community w/ Large Oak Trees throughout and Nice Amenities ** Convenient to Major Employers ** Great School District ** Unit is in Like New Condition and Has a Peaceful View of the Lake ** Nice Wood Floors Throughout ** Bright Open Kitchen w/ Tile ** Special Financing Available **

 View Listing

---

$170,000 - 300 Brickhope Ln Goose Creek, Sc 29445 @ Brickhope Greens

MLS#

1309410

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / 1 Half

Graceful, open plan with 4 BR, (including huge Bonus Room as 4th Bedroom), brick front and Colonial style gives this home stately curb appeal! Large kitchen with stainless steel appliances and large breakfast area, a formal dining room that provides perfect setting for holiday family dinners and entertaining, the dining and kitchen open up to...

 View Listing

---

$160,000 - 701 Bunkhouse Dr Charleston, Sc 29414 @ The Shadows

MLS#

1228485

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / N/A

Open floor plan is great for entertaining or family activities. Large eat in kitchen overlooks great room and has a bay window in the breakfast area. Smooth ceilings throughout. Ceramic tile floors in foyer, kitchen, laundry room, and baths. Enjoy the screened porch in your privacy fenced backyard. Sellers say the neighborhood is nice and fri...

 View Listing

---

$90,000 - 871 Tripe St Charleston, Sc 29407 @ Maryville

MLS#

1222428

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / N/A

Close to downtown Charleston, VA Hospital and MUSC this home is centrally located in West Ashley just off St. Andrews Blvd! Charleston single with a large garage/work area on the first level and convenient living area on the 2nd level. Living area features hardwood floors, 9 ft. ceilings, and a large master bedroom with porch access. The gara...

 View Listing

---

$104,900 - 8676 Chatuge Ct North Charleston, Sc 29406 @ The Lakes

MLS#

1218391

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / N/A

Very cut home on quiet cul-de-sac lot. Tenant's lease expires 10-31-12. * THIS IS A SHORT SALE*

 View Listing

---

$105,000 - 208 Congaree River Dr Summerville, Sc 29485 @ Lakes Of Summerville

MLS#

1224557

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / 1 Half

This is the Durham plan, 3 bedroom, 2.5 baths. Lovely 200 sf. Florida room to enjoy the view of the pond, the egrets, ducks and other wildlife. Master bedroom downstairs. Great closet space. Updated lighting fixtures. Everything is in good shape and waiting for the right buyer to customize to their tastes. Light, bright open floorplan downsta...

 View Listing

---

$99,000 - 7998 Malden Ave North Charleston, Sc 29420 @ Colony North

MLS#

1310305

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / N/A

Amazing opportunity to own a home in the middle of everything and at a great price. This is a short sale with lots of sweat equity potential. The home is situated on a short cul-de-sac street and on more than a quarter acre. The home features a full front porch and great front and backyard. Once inside, you are welcomed by a great foyer which...

 View Listing

---

$179,900 - 195 Winding Rock Rd Goose Creek, Sc 29445 @ Crowfield Plantation

MLS#

1310121

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / 1 Half

Well maintained home in Crowfield Plantation, located in the Piedmont Place section. The 3" oak hardwood floors in the foyer and hallway lead you past the formal dining room and into a large family room with fireplace. Galley kitchen with large breakfast area has plenty of cabinet space for the master chef. The electric range, dishwasher, ref...

 View Listing

---