Current list Price: $75,000 ($52,500* for Non-Profits, Govt. Agencies)
Square Feet: 1,205
Year Built: 1986
Lot Size: 4,620 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 9126 Encino Village, San Antonio, TX, 78250. This home is listed under the HUD Lottery program, which means it's only available to non-profits and government agencies until 6/11/2014, where they get a 30% discount off of the price. They can potentially buy it for about $54,500, but I have yet to see one sell to either of those buyers. If it slips through their fingers then it goes to the general public at the full list price. This home surprised me when I pulled up, because the front looks really nice, and granted the back and sides probably need to have the siding replaced, but I think that this home could really be a good buy. I was shocked that it was priced at a low $75,000, but when I walked inside I saw why, because it's going to need quite a bit of sheetrock work and painting and flooring throughout. You still get 3 bedrooms, 2 full bathrooms and HUD will pay 3% of your closing costs. 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? 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# 495-791924.
(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