Buying a home can sometimes seem like an overwhelming process. Let’s begin with the search for your perfect home. If you are the type of buyer that has a list a mile long of these you want in your next home and each new home you find something new to add, then this will help. First you must know your budget. Get pre-approved and know exactly what you CAN spend. It’s alright to view some homes that are higher priced than your budget there is always room for negotiation, but be reasonable. Second, make a list of the most important features you are looking for, location, proximity to school or work, large master suite, upgraded kitchen, fixer upper, large lot, number of bedrooms, etc. Have that list prioritized before you start your home search. Then ask your agent for a MLS handout on each property you view. This allows you to take notes, have pictures and specs to compare. Homes start to all run together when you are viewing quite a few. This will help you break down what homes have the most important items on your list and which homes are the best value. Things like granite, stainless, paint and flooring can always be added easily if the price is right. Having your list and making notes on each home will help you see the ones that are best suited to your needs and budget. It also helps you not get distracted by the bells and whistles of each. This is how I advise my clients to go about their home search and it really helps.
If you are looking for some great deals here at the beach, we have a variety of bank owned properties for you to choose from. A foreclosed property which is also known as Real Estate Owned (REO) is a home that was once owned by a homeowner, but has been turned back to the mortgage holder as the result of a foreclosure action or acceptance of a deed-in-lieu of foreclosure.
A foreclosure can occur when mortgage payments have not been paid over a period of time the efforts made to resolve the default are unsuccessful. The bank then tries to sell these properties for what is owed on the home. This creates an opportunity for home buyers to purchase a great home for less. These properties pop up in almost ALL areas along the Grand Strand allowing buyers a chance to get in a home and neighborhood that they may have not been able to afford otherwise.
Feel free to do a foreclosure property search on our website or call one of our agents to email you homes that are available and fit your specific needs.
Dargan Real Estate 843-712-2585
A foreclosure home is any house, condo or manufactured home whose original owner defaulted on his mortgage, resulting in his lender repossessing the home. The lender then reserves the right to sell the foreclosed home to another buyer.What does this mean to you as a buyer ? Well, lenders have an interest in recouping their losses, but don’t want foreclosed homes to sit on the market or in their accounting books. So, buyers can sometimes purchase foreclosure homes for less than fair market value. Doing so gives the home buyer instant equity and helps him realize a greater profit should he choose to sell the home in the future. Again, great opportunity in this buyer’s market. Contact us at Dargan Real Estate, Myrtle Beach , SC to find a foreclosure that fits your needs.