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Isle Of Palms $850,000
Beds: 4 Baths: 3 FullDetails

Hollywood $179,000
Beds: N/A Baths: N/ADetails

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Charleston $5,985,000
Beds: 5 Baths: 6 FullDetails

Charleston $3,850,000
Beds: 5 Baths: 4 FullDetails

Foreclosures and Shortsales - Page 6

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.

$245,000 - 17 Hobonny Ln Charleston, Sc 29407 @ Ashley Hall Plantation

MLS#

1224882

Class:

Residential

Status:

Active

Beds:

4

Baths:

2 Full / 1 Half

This is a rare occasion to own a beautiful home in the lovely neighborhood of Ashley Hall Plantation. This gorgeous home is situated on a Cul-De-Sac. Property is landscaped with lovely trees. You are greeted by a beautiful stone floor foyer upon entrance. Beautiful hardwood floors are in the living, family and formal dining room. Eat in kitch...

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$239,000 - 307 Howle Ave Charleston, Sc 29412 @ Pecan Grove

MLS#

1021076

Class:

Residential

Status:

Active

Beds:

4

Baths:

2 Full / 1 Half

Conveniently located Lowcountry style home, close in on James Island, convenient to Johns Island/Folly Beach/Downtown/West Ashley, 4 bedrooms and 2 1/2 baths, 2 story, 2,680 square feet built in 2007, Short Sale Approved

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$234,900 - 1122 Liberty Ct Mount Pleasant, Sc 29464 @ Snee Farm

MLS#

1307644

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / 1 Half

** Master Bedroom Downstairs ** Great Location in Country Club w/ Nice Amenities including Golf ** Large Front Porch ** Just Minutes to the Isle of Palms ** Lots of Potential ** Huge Privacy Fenced Yard ** Special Financing Available **

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$225,900 - 1697 Babington Way Mount Pleasant, Sc 29464 @ Wando Lakes

MLS#

1312617

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / N/A

Lovely Ranch Style home with great location on corner lot. Needs TLC. This home has vaulted ceilings in the Family Room giving a nice open feeling. There is a FROG that would make a great home office or media room. The bedrooms are a good size and there is ample closet space. This home sits on almost a 1/4 acre and the yard is completely fenc...

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$223,000 - 3033 Penny Ln Charleston, Sc 29455 @ The Bend At River Rd

MLS#

1214619

Class:

Residential

Status:

Active

Beds:

4

Baths:

2 Full / N/A

This is a short sale that will have to move pretty quickly. The home is in great condition and is easy to show. This is a great open floor plan with a large screen porch to the rear of the home that overlooks a tidal canal. The fenced in yard,mature landscaping, patio and outside shower is great for work and play. The wood floors and fireplac...

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$219,900 - 226 Old Savannah Dr Goose Creek, Sc 29445 @ Liberty Hall Plantation

MLS#

1309506

Class:

Residential

Status:

Active

Beds:

4

Baths:

3 Full / 1 Half

This is a gorgeous Charleston single located on a quiet cul-de-sac. Just a short bike ride form a park, play ground and neighborhood pool. This home boasts 4 porches with the first floor porch screened with ceiling fan. The owner's suite is located on the first floor. Dual vanities, perfect lighting, and large tub are just a few of the featur...

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$215,000 - 228 Lakeside Dr Walterboro, Sc 29488 @ Forest Hills

MLS#

1307302

Class:

Residential

Status:

Active

Beds:

4

Baths:

2 Full / N/A

Welcome Home to Forest Hills!! One of the Most Desirable Subdivisions in Walterboro. This Brick home has 4 bedrooms, 2 baths with over 2300 square foot, over looking Gladys Whidden Park. The yard has mature azeales, dog woods, and oaks. This home features hardwood floors through-out, granite counter tops, tile floors, large open kitchen, plen...

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$213,000 - 1429 Fort Johnson Dr Charleston, Sc 29412 @ Greencrest

MLS#

1127231

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / 2 Half

This home was remodeled and a Master Suite was added upstairs, the Master Suite is huge with a very large bath, dressing area, sitting area, you have to see it! Downstairs is a formal dining and living area and two additional bedrooms. Home has a very large back yard. Is very close to the beach and a short trip to downtown. Easy to see!

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$209,990 - 127 Brandywine Dr Summerville, Sc 29485 @ Ashborough East

MLS#

1225812

Class:

Residential

Status:

Active

Beds:

4

Baths:

3 Full / N/A

Absolutely precious brick home in highly attractive Ashborough East. One story floorplan with open layout and full front porch. Bonus room with bath upstairs. Hardwoods through out the family room, kitchen, and formal dining area. Vaulted Ceiling and fireplace in the living area are great features in this lovely home. Located in award winning...

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$206,676 - 45 Arabian Dr Charleston, Sc 29407 @ Marsh Cove

MLS#

1302649

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / 1 Half

Very well kept and remodeled town home. Large open Kitchen with stainless steel appliances, walk-in pantry, wood burning fireplace, screened porch and separate deck. Backs up to wooded wetlands. Open loft area on the second floor, large bedrooms with a private deck off the master. Third floor can be used as a bedroom, study, or playroom! Home...

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