Special offer

Could the Beaufort, SC foreclosure crisis be good news for you?

By
Real Estate Agent with Exit Island Realty

Could the Beaufort, SC foreclosure crisis be good news for you?

Thomas Reahl, former chief economist for the National Association of Realtors ®, a highly respected real estate expert appeared on MSNBC and flatly stated that there would be at least 1.2 million foreclosures in the next 18 months.

What many watching did not understand was that he was announcing the greatest boom period of gigantic profit opportunity for knowledgeable foreclosure investors ever to occur in U.S. history.

The 1.2 million number represents an enormous inventory "glut" of homes that banks and other lenders must sell fast and cheap. Imagine buying a perfectly good home in a good neighborhood for as little as 30 cents on the dollar...as much as 70% less than it's worth.

A new special free report has just been released which will show you how to:

•  Find the best Beaufort, SC foreclosures on the market.

•  Buy a nice foreclosed home for pennies on the dollar

•  Avoid costly mistakes when buying a foreclosed home

To have this free report shipped to your door, you can request the free report online at: http://www.beaufortcountyhomesforsale.com/FreeForeclosureListings

 

Beaufort, SC Foreclosure Real Estate for Sale
David Thompson, Foreclosure Specialist and his REO Masters Team offers expertise in identifying, evaluating and assisting clients in purchasing and liquidating foreclosure and short sale properties in the Beaufort and Bluffton, SC area. (843) 812-5214

Paul Campbell Realtor Lexington
Rector Hayden, Lexington, Ky - Lexington, KY
Kentucky Homes for Sale

David,

I must admit I am skeptical when I see such bargains advertised. I know the market well here in Lexington and anything really worth investing in will never sell for less than about 65 percent. 

Oct 05, 2009 01:23 PM
Paul Campbell Realtor Lexington
Rector Hayden, Lexington, Ky - Lexington, KY
Kentucky Homes for Sale

David,

I must admit I am skeptical when I see such bargains advertised. I know the market well here in Lexington and anything really worth investing in will never sell for less than about 65 percent. 

Oct 05, 2009 01:23 PM
David Thompson
Exit Island Realty - Beaufort, SC

Paul,

Thank you for your comment but please keep in mind areas are different. We are located in a coastal area with resorts and fantastic waterway access to the ocean and while not having as much depreciation and default as other areas and states we do have factors that impact our market area versus the Lexington, KY market. I actually left the Lexington area about 4 years ago where I broke and trained horses at Keenland for some time so I am also familiar with the area. We have a strong second home market here in Beaufort County, SC which includes the Hilton Head area. There have been huge hits in the Hilton Head market. I am not saying all foreclosures are great deals and in fact not all foreclosures are deals and I clearly express this to home buyers and investors. If you are ever looking for a deal in the Beaufort County, SC market area then please give me a call and I would be more than happy to assist you. Always be ready to act because when there are deals that are less than 60 cents on the dollar.... they won't be around long.

Oct 05, 2009 01:57 PM