Not a day goes by that I don’t talk to someone that says “I just want a great deal.” No one wants to pay more for a home than they have to which means that many home buyers are looking at Myrtle Beach Foreclosures to get the best deal. But are you really getting a great deal when you purchase a home from the bank?

The short answer to this question is yes and no. Property values throughout the county have dropped considerably over the last couple of years. If you compare current home values in Myrtle Beach with what value of homes were three years ago, I would say that home buyers today are getting a great deal, almost 50% off in some areas of the beach.

But just imagine for a moment that there are 10 home buyers looking for a “great deal” in “Grande Dunes” and they’re all looking in the same price range. One day, a  foreclosure property is listed it’s the lowest price home for the area. Since it is the lowest priced, all 10 home buyers that have been waiting for a great deal, go look at the home and since it’s in a good neighborhood, it’s clean, and has a low listing price, they have their real estate agent check into it. The real estate agent comes back and says there are already 7 offers on the house with all but two of them being above the listing price.

Now that the bank has created a frenzy for the house, and since they realize that homes are purchased based on emotion, they tell everyone that they want your best and final offer. By the time all is said and done, the bank now has multiple offers, but you can avoid this by enlisting a team that get’s you the deal before anyone else and that is what the team at Myrtle Beach Foreclosures does for you. 

Also, a homeowner who has owned his home for years might be a better choice when forced to sell due to divorce, illness, death, or other unforeseen circumstance. We give our client’s all the options not just the foreclosure option! Enlist a team that does not limit your options.

In the long run there many great deals out there you just have to know the right one to JUMP on!

Tags: Foreclosures