Myrtle Beach Property Home Foreclosures
The particular approximate population of Myrtle Beach front is 28, 600 and it
is the most well known city within the Lavish Strand. Myrtle Beach has been if
you want a destination since the late 1800s and over the 1900s people began to
call Myrtle Beach, South Carolina home. The beach, golf courses, shopping,
entertainment, and special events have made the area a favorite for thousands of
people. Those in the know bought real estate investment and continue to do this
because no matter what industry is doing they realize that there's only one
Ocean for the east coast but it is quite better if you do it with Myrtle Beach home listings
now.
When I am inquired about home and condo foreclosures from the Myrtle
Beach area those asking think you will find multiple properties available. Some
do not believe me after i tell them foreclosures are usually limited and what is
actually accessible in today's real estate market place. Our Multiple Listing
Support (MLS) includes property listed on the market within a sixty mile coastal
area often known as The Grand Strand. I was shocked myself after i pulled up the
real numbers through the Coastal Carolina Association regarding Realtors (CCAR)
that supervise our MLS process. According to CCAR in the single family home
category (excluding manufactured homes) there were 5, 503 Myrtle Beach homes for
sale but only 270 of the people were foreclosures and inside condo/townhouse
category there were being 4, 718 units listed on the market with only 99
property foreclosures.
The potential buyer of foreclosed real estate
property is unaware that during the past few months the purchase of distressed
property has become more difficult and that difficulty may be worse around
Myrtle Beach due to number of forclosure real estate that is the second home or
trip home. There has always been an issue with short-sales because only 15%
advisors ever get finalized and closed but foreclosure purchases were simple
enough until now. First the major banks withdrew real estate that they had
listed for purchase, then after a day or two they relisted some properties even
so the days of an easy transaction seem to be over. A prime example occured only
weeks ago while, on the day the foreclosure purchase was timetabled to close,
the closing attorney received a call through the lender to say they were
removing the property through the foreclosure process and it could not be sold.
The family who thought they can be moving into the great foreclosure home were
left with just a moving truck rich in their furniture and no home.
There
is also another thing to consider, at least in this housing market, when you
want to obtain the best value in Myrtle Beach homes it usually is standing
inventory new construction. A Realtor has entry to all properties listed on the
market on the MLS understanding that would include foreclosures along with new
construction.
For more information check out Myrtle Beach SC home listings
now.