SAVE BIG on REOs!!

RealtyTrac reported today that Bank-owned home buyers saved an average of 36 percent in 2010:

"More than 500,000 buyers purchased a bank-owned home in 2010, down from 750,000 REO buyers in 2009. But 2010 REO buyers got better deals than 2009 buyers - paying an average sales price that was 36 percent below the average sales price of non-foreclosure properties. That was up from an average discount of 33 percent in 2009 and 28 percent in 2008, and buyers in some states saved more than 50 percent on average in 2010..."

Check out a list of foreclosed & distressed homes

Want to save BIG? Call us today 843-416-1434.

Cramped Quarters? Still Renting? Invest Your TAX REFUND Smartly!

This is the time of the year when most employed people file their taxes and may receive a refund from Uncle Sam. For many people, this refund just goes into their general bank account, and before they know, it's gone (again!).

IF YOU ARE RENTING: A wiser investment would be to look at purchasing a home using your refund as downpayment. Consider the current situation:

Tips for Buying Lender-Owned Properties (REOs)

by Alan Donald, Team Leader, BuyHomesInCharleston.com

Every buyer in this market wants a bargain! And while you may want to hit the jackpot by buying foreclosed properties – those homes that are offered as real estate-owned (REO), lender-owned or corporate-owned properties - it is essential to understand the differences between buying a “regular” listing and buying an REO.

Lenders are not in the business of owning real estate. Once they decide to foreclose on a home and on-sell it, they are looking for:

In addition, you should know that:

This new SHORT SALE listing is a 3 bedroom, 2 bath Duplex in The Gates @ Wescott Plantation, Summerville. It just needs a little TLC (paint, cleaning) and you could buy this home and end up paying less than rent! Dorchester II schools, easy access to Charleston International Airport and Boeing. 

Great for investor or owner-occupier with patience - short sale may take some time...

More details...

Are Lender-Owned Properties (REOs) Smart Options for Buyers?

By Alan Donald, BuyHomesInCharleston.com

It seems that one out of three properties in the Charleston Metro Area is either a SHORT SALE or an REO (*)

(*) An REO (Real Estate Owned) is a lender-owned property - a property that has already been through foreclosure and is being offered for sale directly by the lender after taking control of it. 

Normally these properties are offered at very attractive list prices, so many of those properties offer terrific buying opportunities. But, like the old saying says: "Don't judge a book by its cover", there may also be challenges associated with buying REOs. Here is a list of potential p...

This home seems like a great bargain!

Custom-built, with lots of upgrades, on a great lot, relatively easy access to I-526. Would make a great home for a Boeing executive! Only $125 per square foot!