Affordable Homes – The HUD King tours 8750 Shallow Ridge

8750 Shallow Ridge

Current list Price: $77,000

Bedrooms: 3

Bathrooms: 2

Square Feet: 1,584

Year Built: 1984

Lot Size: 12,480 sq. ft.

If you asked me whether or not Texas real estate is a good investment the simple answer is yes. With interest rates at their lowest since I’ve been selling real estate, there is no better time to buy. As a Texas real estate broker, I have sold all types of regular real estate, affordable homes, and foreclosures. From county owned tax sales, to bank owned, VA owned, Fannie Mae and Freddie Mac owned, but HUD homes tend to be the easiest and best government owned homes to buy. Please look over the website for any other HUD Homes that may be in your area, because currently Texas HUD homes average between 400-700 homes on the market every day. Some are ideal investor homes needing only minor repairs before renting, so if you're looking for cheap HUD Homes, you've found the guy to help you.

In this post we have a Texas HUD Home at 8750 Shallow Ridge Dr, San Antonio TX 78239. This home has a great lot, and is currently listed under the HUD lottery program where Non-Profits and Government Agencies can buy it for a 30% discount off of the price. It's listed for $77,000, meaning that a qualified lottery purchaser gets it for $53,900 plus some additional minor fees. It's listed under that program until 2/12/2014 and if no qualified lotto buyers submit an offer, then it will go to the general public the following day. This home is going to need some painting, flooring, and I suggest getting a foundation expert out to evaluate the slab. There's some evidence of settling, but it doesn't appear to be major. There have been some tremendous savings on HUD Homes lately so if you are looking for a home to live in or some houses to pick up as an investor, now is the time to buy. All HUD Homes are time sensitive so you need to call me as soon as possible to discuss your buying options. Did you know that on some HUD Homes, HUD will loan you money to do repairs?  Another neat thing about HUD homes is that  HUD will pay 3% of your closing costs. Take a look at the video and see what you think, or search my webpage for other Texas HUD homes in your area. t’s as easy as entering a Zip code in the “Search Site” space to the right of this post. FHA Case# 495-801953.

 

HUD Home Listing Link 

 

(if the home does not appear on the link, it may be under contract)

**  Depending on when you see this video, this home may or may not be under contract.  To find out if it is still Active and on the market please call or email me if you're interested in this or any other home, I would love to earn your business.

Jonathan de la Garza – Texas Broker

210-706-0616

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