Myrtle Beach Real Estate by Mirela

Here is a Prime Example of a Myrtle Beach Foreclosure:

 

I keep reading about the horrible state of foreclosed properties in other areas.  Although I have also seen some beat up REO’s in our Myrtle Beach area, most of the time they are just brand new homes in various stages of completion, just rotting away. 

 

Here is a prime example of this, in a Bank Owned property that just came on the market today.  This is a 4,900 sq.ft, 5BR/4.5BA home located on an acre and a half in a fine Myrtle Beach subdivision, priced at $499,900.

 

 



Mirela Monte, Your Myrtle Beach REO Realtor

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Comment balloon 12 commentsMirela Monte • October 06 2009 09:37AM

Comments

Mirela - This home is gorgeous!  I want it!!  Good luck selling it....with a little love this place will shine like a new diamond.

Posted by Coleen DeGroff, Haile Plantation Real Estate - Gainesville FL (Coldwell Banker M.M. Parrish Realtors) almost 11 years ago

What a shame..Looks like it was once a beautiful home..could be again..for the right person ..for the the right price..good luck

HELPFULHANNAH

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) almost 11 years ago

Mirela-What a gorgeous home this will be for the right buyer, I wish it was mine.

Posted by Joseph D. Federico, Eastern Massachusetts Real Estate (Donahue Real Estate Co.) almost 11 years ago

This is so sad! The owners could not afford to pay their mortgage but believe it is their right to take apart this home! I wonder, did they buy all the appliances, cabinets, etc, prior to moving into this home?

Posted by Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno (Ferrari-Lund Real Estate ) almost 11 years ago

Terrie:  Most of these are specs were built primarily to sell.  Our market was so good and builders were so greedy and over extended themselves.  During the boom, they were ditching Realtors and not even paying commissions.  Now they go begging for business and losing all their stuff. 

...What goes around, comes around...  Sorry, bud, perhaps if you were smart and followed the advice of your Realtor you might be in a better situation.  "What?  What is that you're saying?  You did not have a Realtor?  Hmm, there's your first problem!  My Builder clients are sitting pretty right now (the ones who listened to me, anyway....)

Posted by Mirela Monte, Myrtle Beach Real Estate (Buyers' Choice Realty) almost 11 years ago

Barbara:  That it is!  Sad, very sad.  This is actually not a bad situation.  This home was completed to the point of being sealed (windows and doors, roof & outside trim all done).  I've seen million dollar homes that were not built to this point, where water just penetrated and destroyed everything.  It would cost more to fix the problems than to tear it all down and start all over again. 

Myrtle Beach is getting pretty brutal with these foreclosures, ticketing the owners (the banks)to the tune of thousands of dollars for delayed maintenance and even threatening to buldoze vacant, once expensive homes.

It's sad indeed!  Greed is a very bad thing...

Posted by Mirela Monte, Myrtle Beach Real Estate (Buyers' Choice Realty) almost 11 years ago

Beautiful Home!

Posted by Robert Vegas Bob Swetz almost 11 years ago

Mirela, This is a gorgeous home and I hope you sell it to a very lucky family!

The comments show that you have been good to your builder clients who listened~

Posted by Caren Wallace, Portland Caren Real Estate (Premier Property Group LLC) almost 11 years ago

Mirela- I may be interested in that one. Could you email me with the comps for the area? Also any info. on the subdivision would be great. I think it may be in the same one that I have previously bought in. I am a cash buyer or of shorts and REO's. Maybe we can talk later in the week. Thanks. Here is my email for quick reference- crownlinehomebuilders@yahoo.com.

Posted by Kevin Robinson, Fractional Developer almost 11 years ago

Hi Mirela... This looks like a great buy to me.  I don't know your market, but a house that size on that size lot seems like it should cost MUCH more.

Posted by Steve Shatsky almost 11 years ago

Hello Mirela, we have similar opportunities for buyers (flip side, stories of builder greed) in our area for homes like this.  With the lack of maintenance for most, a good building inspection is essential.  Thanks!  John

Posted by Alexander- Slocum, Realty Team- Vancouver WA Real Estate (Premiere Property Group, LLC - Vancouver Washington) over 10 years ago

Got any Condo's or Townhouses???  That home is a beauty!

Posted by Claire A. Chivington, From Consult to Closing, Team Claire Cares!! (Lusk & Associates, Sotheby's International Realty) over 10 years ago

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