Greenville SC Foreclosures

Many home buyers are attracted to foreclosed properties because they can offer a great opportunity. Although there are advantages to buying a foreclosure. Buying a Greenville SC foreclosures can also come with challenges. Knowing what you will deal when you decide to buy a foreclosure can prepare you in the process.

Buying Greenville SC Foreclosures

Buying a foreclosure is a little different from buying a resale and while you may be able to get a great deal on buying these properties, buying foreclosures can be risky. Remember that when you buy a foreclosure:

The home is as-is and it’s up to you to pay for repairs
There is little room for negotiation
The bank is often unable to verify the condition of the home or complete a Seller’s Disclosure

If you are still up for this then the next thing you need to do is find a real estate agent who specializes in foreclosures. Unless you have direct experience negotiating with banks, you may receive better representation by hiring a buyer’s agent who has the experience with bank owned properties.

It is ideal to get pre-approval at this stage. You should be able to know how much you can comfortably afford before you start looking at Greenville SC Foreclosures. Getting pre-approval can give you an advantage because it means you are a serious buyer. By speaking to a lender you will also be able to find all loan products available for this type of transaction.

In addition to auctions, many Greenville SC foreclosures are listed on the MLS so they are easy to find. Whether you are buying a home to live in or you are looking for a foreclosed home to invest in, you’ve come to the right place. You can find here the latest Greenville SC Foreclosures available in the market. If you have questions about any Greenville Foreclosed listings or if you wish to set up an appointment with us, don’t hesitate to contact us at 855-473-9976. Our buyer specialists are ready to help you.

Greenville SC Foreclosures For Sale by Price

Under $100,000	$100,000 – $200,000	$200,000 – $300,000
$300,000 – $400,000	$400,000 – $500,000	$500,000 – $600,000
$600,000 – $700,000	$700,000 – $800,000	Over $800,000

I’ve found the right home, what’s next?

Do your homework before making any offers. Of course, your buyer’s agent can help you determine if the price is a good value. Once you submit an offer, it’s likely your offer will be met with a counter offer, banks also work hard to get the best price for the property. Your agent will help you with the negotiation if the lender is willing to negotiate on the price.

Once your offer has been accepted, get the home inspected. It is important that you have it inspected because the bank has, most likely, no first-hand knowledge of the home’s condition prior to acquisition. There may be no record of repairs or maintenance that would assess the home’s true condition. Most foreclosed homes are sold as-is and the cost of repairs usually falls to your hands. You may also want to have the foreclosed home appraised to know the home’s true market value. A title search is also a must. Banks generally clear the title before listing a home but that is not always the case so it is important to get the most up-to-date title information to see if the home is clear of liens and verify if the deed is correct.

Is Buying Greenville SC Foreclosures for you?

Only you can decide if buying a foreclosed home is right for you. Before you make the decision of buying a foreclosure, it is important to weigh the pros and cons, do your homework and work with an experienced buyer’s agent that can give you the best advice.

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