Home for Sale at 878 Saluda River Rd., Myrtle Beach, SC 29588

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878 Saluda River Rd.
Myrtle Beach, SC 29588

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Property Details

List Price:	$448,865
Beds:	4
Baths:	3
Status:	Active
SqFt:	2244
Agency:	D R Horton

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2023
Notes:	This spacious two level home has everything you are looking for! With a large, open concept great room and kitchen you will have plenty of room to entertain. The kitchen is the heart of the home with quartz countertops, large island with breakfast bar, stainless Whirlpool appliances including a gas range, and a spacious walk-in pantry. The first floor also features a great size flex room that could be used as an office, formal dining room, or den. The primary bedroom suite awaits upstairs with huge walk-in closet and very spacious private bath with double sinks, 5' tiled shower, and linen closet. The laundry room is also conveniently located on the second floor near all of the bedrooms! This is America's Smart Home! Each of our homes comes with an industry leading smart home technology package that will allow you to control the thermostat, front door light and lock, and video doorbell from your smartphone or with voice commands to Alexa. *Photos are of a similar Glynn home. (Home and community information, including pricing, included features, terms, availability and amenities, are subject to change prior to sale at any time without notice or obligation. Square footages are approximate. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Equal housing opportunity builder.)
MlsNumber:	2322652

Listing Provided By:	D R Horton, original listing
Name:	D R Horton
Phone:	(843) 357-8400
Office Name:	DR Horton
Office Phone:	(843) 357-8400
Agent Name:	Nicholas Maney
Disclaimer:	Copyright Â© 2024 Coastal Carolina Association of REALTORS Â®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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