(When the video plays turn you phone sideways)
List Price: $157,000 (GNND Price $78,500**)
Square Feet: 2,132
Year Built: 2007
Lot Size: 5,227
**Price does not include approximate $7,800 in brokerage fees
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 200-300 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 8634 Limpkin Ct., San Antonio, TX, 78245. This is one of those incredible HUD Lottery homes where the buyers get 50% off of the list price. It’s without a doubt the best way to buy a home in my opinion, if you can qualify. In order to partake in this program you MUST be a full time teacher, police officer, EMT or a firefighter. You also cannot have owned a home in the prior 12 months. Buyers must also live in this home as their primary residence for at least 3 years in order to get the full 50% discount. After 3 years they can sell it or rent it. This home is going to need some painting, flooring, fence work, and probably a roof and sheetrock repair, but it’s still an incredible buy, and sits at the end of a cul-de-sac. After all is said and done to fix the home up I think you could still save in excess of $50,000-$60,000 over similar homes that have sold fixed up! Similar homes in the area are selling and have sold for $165,000-$185,000. The list price of this home is $157,000 but qualified Good Neighbor Next Door buyers get it for 50% off plus a few fees rolled into the loan, which makes your price about $87,000, which is $70,000 UNDER the list price, 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. It’s as easy as entering a Zip code in the “Search Site” space on the website. FHA Case# 495-792805.
(if the home does not appear on the link, it may be under contract)
** Depending on when you see this video this home (or others on this website) may be Sold, Active, or Pending. To find out the current status please contact me via phone or email. I would love to earn your business.
Jonathan de la Garza – Texas Broker
** Lot size, tax value or county appraisal figures, and all data are acquired from each county appraisal district website and should be verified by you for accuracy.