Foreclosures in Vacation Destinations Represent Discounts in Paradise
Bargain Homes has researched 10 of the most popular vacation locations in America -- with the knowledge that popularity as a vacation destination normally means inflated real estate prices. But we
If youve always thought that you would love to live in your favorite vacation destination all year around, then your dream home may be within a few keystrokes as you search the fresh foreclosure listings and browse the neighborhoods of vacation hotspots.
Bargain Homes has researched 10 of the most popular vacation locations in America -- with the knowledge that popularity as a vacation destination normally means inflated real estate prices. But we found foreclosure listings within every single location -- and lots of foreclosures waiting in the wings as pre-foreclosure properties.
Here is the Bargain Homes Vacation Property Top 10, listed alphabetically.
Atlanta: The historical city of Atlanta is listed as one of the hottest foreclosure markets in the USA right now, but it is also a first-class tourist destination with some of the best entertainment in the country. And if you like to play golf, Atlanta has it all and is within a short drive (no pun intended) of Augusta, one of the golf capitals of the world. We quickly found nearly 4,000 foreclosures in Atlanta, with prices starting as low as $20,000. (View Atlanta Foreclosures)
Charleston, SC: One of the most beautiful and historic cities in America, Charleston is also situated along the pristine South Carolina coastline with its remarkable beaches. Even though it is difficult to buy property at reasonable prices in this aristocratic old city, Bargain Homes lists 30 foreclosures in the immediate area, including a 2-bedroom for $45,000 and a spacious 4-bedroom, 2-bath in North Charleston for less than $200,000. (View Charleston Foreclosures)
Honolulu, HI: Say the word Hawaii, and everyone thinks vacation paradise. We weren't surprised to find only 3 foreclosures in the Honolulu area (two recently sold for around $500,000), but were excited to see 100 pre-foreclosures. And at Kihei (two islands over), we found a one-bedroom listed for $37,300. (View Honolulu Foreclosures)
Las Vegas: Many researchers list Las Vegas within the top 10 metropolitan areas for foreclosures, and a quick browse through Bargain Homes listings validated that status. There are 570 foreclosures and more than 3,000 homes in pre-foreclosure, priced in a huge range (from $21,000 up to luxury homes in the millions). And Las Vegas remains one of the most popular vacation destinations in the world. (View Last Vegas Foreclosures)
Orlando, FL: Orlando may be the most popular vacation destination in the entire USA, and it is also becoming a popular city for investors seeking bargains. Bargain Homes lists 1,329 in pre-foreclosure and 115 already in foreclosure. Included in those listings are a number of 3-bedroom, 2-bath homes for under $225,000 -- and that means under the medium price of a single family home nationwide. (View Orlando Foreclosures)
Niagara Falls, NY: Bargain Homes has current information on nearly 500 foreclosures within a short distance, and that includes 100 within a 10-mile radius of the famous Niagara Falls. Many have asking prices below $30,000, and a dozen recently sold listings went for less than $20,000. (View Niagara Falls Foreclosures)
Pinehurst, N.C.: The PGA tournament is often hosted in this golf town, where housing is unusually limited by the inordinate demand for golf property in a small village that sports at least 100 golf courses. But we located 10 foreclosures within 10 minutes of the world famous Pinehurst Country Club. (View Pinehurst Foreclosures)
San Antonio, TX: Let your fingers do the walking through the Bargain Homes listings and you may find an undervalued condo near the River Walk nightlife. We found a dozen foreclosures priced under $75,000 and more than 400 foreclosures with 10 miles of downtown. (View San Antonio Foreclosures)
San Francisco, Calif.: 65 foreclosures with more than 400 properties in pre-foreclosure points to a growing foreclosure market in one of the most desirable vacation cities in the world. One of the foreclosures is a multi-family unit perched high on a hill in prestigious old San Francisco, with gorgeous traditional architecture, priced for $1,499,000. (View San Francisco Foreclosures)
Santa Fe, NM: With 40 foreclosures within a few mile radius, investors will find it very interesting that two foreclosures recently sold for less than $85,000 within the same zip code as one now listed in foreclosure for more than $800,000. (View Santa Fe Foreclosures)
Whether you are an investor looking for prime real estate with high rental demand, or an individual looking to acquire a vacation home without blowing your holiday budget, Bargain Homes listings have plenty to offer and include locations that are literally all over the real estate map.