It has become obvious that no area has been protected from the current financial crisis, not even the Grande Dunes in Myrtle Beach.
I feel sure that most people having financial problems are going to let their second home or investment property go into foreclosure before they let go of their primary residence.
Foreclosures in Grande Dunes and Grande Dunes Short Sales are defiantly on the rise. Current;y there are 114 homes for sale in Grande Dunes. Out of the 114 homes there are 22 that are foreclosures or have short sale potential.
Since November 2008 there have only been 2 properties to close in the Grande Dunes. Currently there are only 2 properties that are pending. One of the closed properties sat on the market only 40 days while the other one was on the market over 500 DAYS!
There are several Grande Dunes Foreclosures that would be excellent deals.
The average discount the seller took from their original listing price was over 30%!
Right now could be the best time ever to buy a Grande Dunes Foreclosure
Tags: Foreclosures
Category: Blog.
I too work in an area with a lot of second homes, we have seen a few fall into trouble but not many just yet. My guess is in 2009 we will see more than the past. Buyers will have a lot more to choose from our days on market are a lot like those you speak of.
Another place to check out Grande Dunes short sales is http://www.myrtlebeachshortsales.net