Current list Price: $31,000 (50% discount, you get it for $15,500*)
Square Feet: 1,386
Year Built: 1973
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 1240 Churing Dr. San Antonio TX 78245. This one is listed under the HUD 50% OFF homes program, better known as the Good Neighbor Next Door program, where qualified buyers get 50% off of the list price. To qualify you will need to be a police officer, teacher, firefighter, or EMT that services this area, and you cannot have owned a home for the prior 12 months. You will also need to be able to qualify for a loan, so you need to have good credit. There are some other minor additional fees (approx. 5%) that get rolled into your loan, but this is still without a doubt the best program to buy a home. Although you can buy this home for around $15,500, it's going to need some repairs. The foundation is the main thing you'll want to fix, then other than that, it's only the normal cosmetic touching up. I still think it would be a good buy for someone if they planned on using it as a long term rental after they moved out. 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. It’s as easy as entering a Zip code in the “Search Site” space to the right of this post. FHA Case# 495-921889.
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