| The extra bonus of a well priced home found in | | | | vacation spot Myrtle Beach helps keep the |
| South Carolina foreclosure homes has to bring | | | | average sale price around $307,000, although |
| that well-blessed feeling. South Carolina offers | | | | everyone will eagerly find you the show homes |
| housing and lifestyle affordability for more of its | | | | for many times that price. |
| residents than do most other states in the nation. | | | | Foreclosure family homes can be found in all these |
| Its not hard to understand why a foreclosure | | | | sought after cities and others including the |
| home in this attractively stable, economically | | | | renowned affordable small town Irmo, 10 minutes |
| strong and sought after weather wise state can | | | | from Columbia on the shores of Lake Murray. |
| make that affordability more amazing. While | | | | They compete among an oversupply of traditional |
| foreclosures filings are way up on a year ago, the | | | | homes for sale for the attention of the fewer |
| number per household each month are still near | | | | buyers in town. Depending on the motivation of |
| the lowest in the country. Foreclosures are | | | | the seller discounts on pre foreclosure homes will |
| available to buyers in most towns in South | | | | not be more than average to good, 20 to 25% |
| Carolina, even though in highly sought after towns | | | | off the sale price of a comparable traditional |
| like Irmo, they are snapped up in the pre | | | | market home where the seller is not under |
| foreclosure stage, before getting to auction. | | | | financial pressure. Given the remarkably great |
| Statewide you are looking at a median price for a | | | | value for money of housing in this state, such a |
| family home of $160,000, in the capital Columbia | | | | discount is significant, and the opportunity to |
| $130,000. The average home price is much higher | | | | conserve your funds and reduce your mortgage |
| in the seaside city of beautiful, historic, quaint yet | | | | outgoings should not be overlooked. Ill fortune can |
| modern Charleston. Its a more friendly buyer's | | | | strike anyone, and most homeowners statewide |
| market than in recent history but prices are | | | | are learning this year that cash reserves of 5 or |
| holding; even so. An overabundance of housing | | | | 6 months of mortgage payments bring piece of |
| inventory in much sort after retirement and | | | | mind. . . |