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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Check out other foreclosures for sale near Greenville
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The J Michael Manley team went above and beyond during our home buying process. Everyone that played a role in this very scary time as first homebuyers were such a joy and pleasure to work with. But ultimately, we really couldn’t have done it without the help of our realtor, Donald Barbour. You can tell he absolutely loves what he does and especially the Upstate area. From the first visit at his office, he exudes such a wealth of knowledge regarding this area, comps, etc and is willing to go abo…
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…
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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 have been wanting to purchase a home now for quite some time but didn’t think I was ready. After being called as a reference for a friend joining the JMM Team, she asked if I knew anyone looking to buy. I mentioned that I might be. I was able to set up an appointment with an old friend, Erika. Erika was amazing!! She even met us to show us a home at 7 pm on a Sunday evening (her day off) but wanted to make sure we were able to place an offer on this house if we wanted since there were alr…
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Working with Erika Bennett and her team was the best decision we made. The buying and selling process isn’t easy, but they made it as simple and efficient as they could. They assured us along the way and were very quick to answer questions and give advice. Erika’s advice on selling our home was spot on. Our house sold almost instantly and had multiple offers from which to choose. There are so many choices in realtors which is overwhelming, but this team has it down to a science with an equat…