Greenville SC Foreclosures
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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My husband and I met with Michael in mid-December, our house went on the market January 16th and was under contract January 19th. Michael and his team are amazing at what they do and did everything could to help us. We were out of our old house and in to the new one within a month of our house going under contract. I would highly recommend using the J. Michael Manley team for buying and/or selling. They made the hassle or buying and selling so easy and everything was very smooth.
Reviewing the market from Columbus Ohio, I was contacted by Anna Catron with an invitation to provide support based on my schedule and needs. Over the course of 6 months, we periodically touched base. There was no pressure or commitment, just a desire to provide support and knowledge of the area. Anna was a resource beyond purchasing a home, as we decided to rent for 6-10 months. (she provided some names of contacts to reach out to for rental properties). Her “no pressure” approach was…
Anna Catron did a great job helping us find and buy our new home. She’s a pro and saved us money!
I would highly recommend the J. Michael Manley team for any and all real estate referrals in the Greenville area. As a fellow agent referring very close friends of mine, I wanted to make sure they’d be taken care of well, and J. Michael Manley assured me they would receive his team’s very best service. He did not disappoint. My friends were delighted when they found the home of their dreams, which was new construction, and J. Michael Manley was able to negotiate the price down plus add in so…
Anna Catron and Chelsea Jackson from the J. Michael Manley team of Keller Williams were awesome to work with. They were both extremely willing to work around our needs, and introduced us to a house that was perfect for us. If you’re looking for a new home, I’m fully convinced there is no better team of agents to work with.
We began working with Donald in early July, 2016. Today, on 10/24/16 we closed on our home in Greer. Donald kept us current on market trends here, even though we were living in Florida during most of the property search. Donald was never too busy to return our calls or emails and he met us several times at the home we were buying in order for us to get estimates for future work to be done. He guided us through the entire process with his calm, focused demeanor. He has been a pleasure to work …
I worked with Jon Lyles and he was so helpful! He explained things so I could understand and did all he could to make the buying process easier.
Anna Catron made the home buying process painless and incredibly easy. We couldn’t have handled being first time buyers without her expertise and kindness. We would recommend her to anyone looking for a new home.