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Charleston $79,900
Beds: 2 Baths: 1 FullDetails

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

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

Kiawah Island $4,500,000
Beds: 4 Baths: 4 FullDetails

Foreclosures and Shortsales - Page 3

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.

$530,000 - 27 28th Ave Isle Of Palms, Sc 29451 @ Isle Of Palms

MLS#

1227661

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / 1 Half

Perfect island bungalow located on quiet cul-de-sac, makes this home a great primary residence, second home or vacation rental. Beautiful large lot with palm trees, your own tangerine tree and Potacarpus hedges along the house, between the fireplace and bluestone and bordering the property create a wonderful oasis. The open floor plan maximiz...

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$529,500 - 1120 Old Camp Rd Bonneau, Sc 29431 @ Macedonia

MLS#

1310833

Class:

Residential

Status:

Active

Beds:

10

Baths:

6 Full / 2 Half

BANK OWNED, NOT A SHORT SALE- CAN CLOSE QUICKLY! UNBELIEVABLE 10 BEDROOM, 6319 SQ FT HOME LOCATED IN THE HEART OF THE COUNTRY BORDERING THE FRANCIS MARION NATIONAL FORREST, ON 16.59 ACRES. THIS MASSIVE ESTATE IS PERFECT FOR A LARGE FAMILY, A 2ND HOME RETREAT, OR EVEN A HORSE FARM, COMPLETE WITH A 2000 SQFT STORAGE BUILDING THAT COULD BE HORSE...

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$500,000 - 4251 Jacobs Point Ravenel, Sc 29470 @ Jacobs Point

MLS#

1309557

Class:

Residential

Status:

Active

Beds:

4

Baths:

4 Full / 1 Half

Gorgeous elevated home overlooking Wallace Creek. This home looks brand new with beautiful wood floors, 4 bedrooms, 4 full baths and 1 half bath. There are dual master bedrooms, 1 up and 1 down. There is also a guest room on each floor. The elevator takes you from garage level to the top floor. This spacious open floor plan has lots of natura...

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$499,000 - 127 Island Park Dr Charleston, Sc 29492 @ Daniel Island

MLS#

1313188

Class:

Residential

Status:

Active

Beds:

4

Baths:

3 Full / 1 Half

*INVESTOR ALERT/HANDYMAN SPECIAL!! Home in need of work and being sold "AS IS"* -Located in prestigious Daniel Island Park, this elegant custom home overlooks the emerald fairways of the acclaimed Ralston Creek Course. -The large front porch opens into a beautiful foyer accented with wainscoting and with a soaring ceiling that opens up to the se...

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$475,000 - 210 Shipwatch Villa Isle Of Palms, Sc 29451 @ Wild Dunes

MLS#

1216633

Class:

Residential

Status:

Active

Beds:

2

Baths:

2 Full / N/A

A must see!!! Great ocean views and views of the pool and landscaped grounds. Shipwatch is one of the best managed complexes in Wild Dunes and has an onsite manager. It features two pools (separate adult and kiddie pools) surrounded by travertine tile, a beach gazebo, wi-fi service, manicured lawns, and one of only two playgrounds in the reso...

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$450,000 - 121 Oak Turn Rd Charleston, Sc 29412 @ Seaside Plantation

MLS#

1303233

Class:

Residential

Status:

Active

Beds:

3

Baths:

3 Full / 1 Half

Remarkable raised two story home on the marsh in Seaside Estates! Beautiful views of the marsh from both the front and back! This like new Charleston Single home is exceptionally well built and boasts extensive landscaping. It features 9 foot smooth ceilings on both the first and second floors, and beautiful hardwood floors on the first floor...

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$449,950 - 123 Pine Valley Dr Summerville, Sc 29483 @ Pine Forest Country Club

MLS#

1220926

Class:

Residential

Status:

Active

Beds:

5

Baths:

4 Full / 1 Half

Visit this lovely Pine Forest Home located on hole #4 of the prestigious Pine Forest Country Club Golf Course. Greeted by Lush Landscaping this Spacious Floor Plan of 4,070 sqft was designed for Comfort yet offers Style and Class Second to None Allowing the Perfect Spot for Entertaining Guests or Creating A Quiet Retreat for Yourself. Very fu...

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$445,000 - 3125 Grass Marsh Dr Mount Pleasant, Sc 29466 @ Dunes West

MLS#

1209342

Class:

Residential

Status:

Active

Beds:

4

Baths:

3 Full / 1 Half

Popular open floor plan with a large kitchen and great room. Formal dining and living room. Screen porch opens to an expansive deck overlooking the private fenced backyard. All 4 bedrooms are upstairs as well as a large bonus/playroom. Great space and neighborhood for a family.

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$445,000 - 971 Cedar Grove Dr Cross, Sc 29436 @ Cross

MLS#

1025063

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / 1 Half

Situated on two large lots, this waterfront home is ideal for entertaining indoors and out. Lakeside revelry is a breeze with an in-ground pool, patio, decks, sun room, boat dock and many other outstanding features. Brazilian cherry floors throughout the main floor create a very warm atmosphere for this lovely home. The main entrance foyer op...

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$435,000 - 2365 North Highway 17 N Mount Pleasant, Sc 29466 @ Brick Church

MLS#

1219661

Class:

Residential

Status:

Active

Beds:

4

Baths:

2 Full / 1 Half

Talk About Location! Approx 100 Ft. of Frontage on Hwy 17 North in Mt. Pleasant, right across from Boone Hall, just minutes away from beaches and shopping (Towne Centre)! This property boasts a large 3,298 sq ft 4 bedroom, 2 1/2 Bath home on .42 Acres! The original home was built in 1957 and the addition was completed in the late 80's! Plent...

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