Current list Price: $108,000 ($54,000 for qualified GNND buyers)
Square Feet: 1,370
Year Built: 2005
Lot Size: 4,996 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 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 Texas HUD homes average between 900-1,500 homes on the market every day.
In this post we have a Texas HUD Home at 8707 Laguna Rio, San Antonio TX 78251. This home is currenlty under the HUD Good Neighbor Next Door program, which means that qualified buyers get a 50% discount off of the price! It is under that program until 7/17/2013 and if no qualified GNND buyers submit an offer, then it goes to the general public at the original list price. We call if these the HUD 50% off homes. To be a qualified buyer you must be in law enforcement, a Teacher, Firefighter, or EMT and you must live in this home as your primary residence for at least 3 years. You also cannot have owned a home in the past 12 months. There are some other details about purchasing this home and there are also a few fees that get rolled into your loan above the 50% discount, but you still end up saving tens of thousands of dollars when you purchase one of these! If you’re interested please call us fast though! 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# 495-745535.