Current list Price: $116,500
Square Feet: 1,244
Year Built: 1970
Lot Size: 10,200 sq. ft.
FHA Repair Escrow: $550 – Repair plumbing leak
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 5612 Charlie Chan, San Antonio TX 78240. This home is located not too far from the medical center and therefore a pretty well maintained and desirable area. It's made up of mostly older homes but everyone seems to have pride of ownership. The home itself appears to have half of the garage converted but can probably easily be converted back. It also looks like they opened some walls to give the interior a more open feel. Its going to need some painting, flooring, and a little sheetrock repair and if you finance the home with an FHA loan there's a $550 repair escrow to repair a small plumbing leak. The home is currently listed for $116,500 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# 495-507430.
(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