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02-26-2008, 05:55 PM
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Senior Member
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Join Date: Feb 2008
109 posts, read 89,948 times
Reputation: 47
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$50,000 homes?!?!
I was doing a realtor.com search for homes in San Antonio for possible relocation and was astounded to find tons of 4-bedroom homes for as little as $50,000! What's the catch? Was there a huge flood recently? Later, I'll plug the addresses into http://floodsmart.gov and check them out, but anyone know off hand why such low prices for so many houses? |
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02-26-2008, 05:59 PM
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Be careful what you ask for...
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Join Date: Dec 2006
Location: San Antonio
3,690 posts, read 2,700,273 times
Reputation: 10582
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Quote:
Originally Posted by wildmaven
I was doing a realtor.com search for homes in San Antonio for possible relocation and was astounded to find tons of 4-bedroom homes for as little as $50,000! What's the catch? Was there a huge flood recently? Later, I'll plug the addresses into http://floodsmart.gov and check them out, but anyone know off hand why such low prices for so many houses? |
Are you certain they are not "mobile estates"? (trailers???) |
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02-26-2008, 06:05 PM
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Senior Member
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Join Date: Feb 2008
109 posts, read 89,948 times
Reputation: 47
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Quote:
Originally Posted by Paka
Are you certain they are not "mobile estates"? (trailers???)
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Positive! They're actual "stick built" houses!  |
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02-26-2008, 06:07 PM
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Be careful what you ask for...
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Join Date: Dec 2006
Location: San Antonio
3,690 posts, read 2,700,273 times
Reputation: 10582
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Tell me where pray tell...could always use some more rental property!
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02-26-2008, 06:32 PM
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Member
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Join Date: Jun 2007
84 posts, read 63,296 times
Reputation: 26
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rmls_Foreclosures_Power_Search_USA_Members07
I came across about 7 houses, 4 bedrooms, asking 50k but all on the "bad" sides of town.
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02-26-2008, 07:05 PM
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Senior Member
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Join Date: Apr 2007
479 posts, read 524,722 times
Reputation: 78
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you might get killed or have daily driveby for a house in the 50's
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02-26-2008, 07:10 PM
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Moderator
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Join Date: Nov 2007
Location: Texas
6,614 posts, read 4,156,152 times
Reputation: 2405
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Quote:
Originally Posted by wildmaven
I was doing a realtor.com search for homes in San Antonio for possible relocation and was astounded to find tons of 4-bedroom homes for as little as $50,000! What's the catch? Was there a huge flood recently? Later, I'll plug the addresses into http://floodsmart.gov and check them out, but anyone know off hand why such low prices for so many houses? |
If you map the locations, I bet you'll find that those places are located near the red dots on this map (broken link).  |
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02-26-2008, 08:03 PM
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Not a member
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Join Date: Jul 2007
455 posts
Reputation: 52
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Location location location.
A few years ago you could buy a house in our 'hood for that little - of course needing a lot of work, but many were quite livable. Now you can't get one for under $200K.
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02-26-2008, 08:08 PM
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Nuttin a 2 step wont fix!
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Join Date: Dec 2007
Location: Texas
1,853 posts, read 1,191,516 times
Reputation: 820
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I have to say.. not all of them are in bad areas.. maybe they need a little work..
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