Current list Price: $42,000
Square Feet: 1,181
Year Built: 1970
Lot Size: 7,854 sq. ft.
FHA Repair Escrow: $3,520 – repair siding, plumbing, flooring, walls
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 500-800 homes on the market every day. Some are ideal investor homes needing only minor repairs before renting.
In this post we have a Texas HUD Home at 6219 Rose Valley Dr, San Antonio TX 78242. This 4 bedroom 1 bath home may need a little repair, but there's over $3,500 in a repair escrow if you decide to buy it with an FHA loan. Another perk about the FHA loan is the low down payment, plus you don't have to pay for an appraisal. That alone will save you around $400! Although the repair escrow won't cover all of the repairs, it'll get you most of the way there, leaving you with just some minor custom cosmetic repairs needed. 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# 495-758909.
(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