HUD Lottery Homes – The HUD King tours 5439 Congo Ln

5439 Congo

Current list Price: $85,000 ($42,500* GNND Price)

Bedrooms: 4

Bathrooms: 2

Square Feet: 1,721

Year Built: 1996

Lot Size: 6,250 sq. ft.

FHA Repair Escrow: $1,540 – Install water heater, repair electrical

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. Especially with the HUD Lottery homes, where certain buyers get HUGE discounts on the price. From 30%-50% off, with some minor fees rolled into the loans. 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 5439 Congo Ln., San Antonio TX 78227. This home is currently listed under the HUD Good Neighbor Next Door where if you're a Police Officer, Teacher, Firefighter or EMT you get a 50% discount off of the price. This is probably the best way to buy a home in the state! You will have to live in the home for at least 3 years to get the full discount. This home is listed for $85,000 and the GNND price is only $42,500, plus some minor additional fees. It's going to be listed to GNND buyers until 3/2/2014, and if no GNND buyers submit an offer, then it will go to the general public. The home itself is in very good condition, only really needing some small tile work. 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# 495-854427.

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


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