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Beds: 4 Baths: 3 FullDetails

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Foreclosures and Shortsales - Page 38

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.

$47,000 - 1888 Sidneys Rd Walterboro, Sc 29488 @ Edgewater Park

MLS#

1305258

Class:

Residential

Status:

Active

Beds:

4

Baths:

2 Full / N/A

MOTIVATAED SELLERS-BRING ALL OFFERS!!! This hard-to-find 4 bedroom/2 bath home is good rental property. Very close to elementary school and Veteran's Victory House. Start building your retirement portfolio today.

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$139,900 - 319 Teakwood Dr Walterboro, Sc 29488 @ Silver Hill

MLS#

1301190

Class:

Residential

Status:

Active

Beds:

4

Baths:

2 Full / 1 Half

PRICE DROP!!! The sellers are giving a $3,000 allowance for new carpet. This 4 bedroom 2.5 bath home is located in the desirable neighborhood of Silver Hill's on a large corner lot. You could have a nice little garden with fresh vegetables and still have lots of room to run and play in this good size yard. The home offers a nice Formal Dining...

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$59,900 - 75 Chrysler Ln Walterboro, Sc 29488 @ None

MLS#

1303352

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / N/A

Nice 1997 DW Home with attached 2 car garage, on 1.90 Acres, 3 Bedrooms and 2 Bathrooms, Brick skirting. Seller put in FHA foundation for his loan. Newer carpeting and vinyl. Dishwasher is staying, but bring your stove & refrigerator. Just a little paint and make this home! Kitchen has nice cabinets,counter tops and an Peninsula Island Bar. M...

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$159,900 - 4 Fairway Ct Walterboro, Sc 29488 @ Dogwood Hills

MLS#

1309777

Class:

Residential

Status:

Active

Beds:

5

Baths:

3 Full / N/A

Great Opportunity to purchase in Dogwood Hills Country Club. This is a well built traditional style 2 story home. Built in the early 80's, this home feautres a spacious floor plan that would be great for any family! Currently the home is in need of some maintenance and repairs, but once completed any buyer would have a remarkable showcase hom...

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$45,000 - 464 Carolina Circle Walterboro, Sc 20488 @ Carolina Terrace

MLS#

1303993

Class:

Residential

Status:

Active

Beds:

3

Baths:

1 Full / N/A

PRICED TO SELL!!!! This home is in a quiet neighborhood located on the outskirts of town. This home has 3 bedrooms, 1 bath, family room with built-in entertainment center, Kitchen and dining combination. There is a deck out back and the backyard is fenced-in. Great property for the money! Call for more details today.

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$795,000 - 108 Blue Crab Ln Wando, Sc 29492 @ Yellow House

MLS#

1305964

Class:

Residential

Status:

Active

Beds:

6

Baths:

5 Full / 1 Half

***LENDER OWNED*** Southern Estate Style home sits well off Clements ferry Road on 3.13 acres with unobstructed views of the Cooper River. Lot Close to Daniel Island Marina, Beresford Hall etc...House sits on a bluff...First level is finished- could be used as separate living space, nanny suite office, game/media room etc. Elevator goes to al...

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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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