Foreclosures are bank owned properties, and more often than not, come with extremely competitive price tags. Foreclosures are one of the most sought after types of properties in the Myrtle Beach Real Estate market at the present time, which often leads to a property having multiple offers or selling in a short amount of time. Buyers interested in foreclosures should be ready to place a competitive offer, depending on how recently the property was listed and based on the guidance they receive from their Realtor. CNN recently named Myrtle Beach as one of 10 cities with the fastest growing foreclosure rates, making now the time to buy a foreclosure investment property. Most importantly, is the fact that foreclosure properties come in a wide variety of price ranges, which ultimately appeals to a variety of different buyers.  Take some time to look through some of the homes on the Myrtle Beach MLS feature of this website and call Beach Realty Group to discuss your plans for purchasing a foreclosure home.