Current list Price: $88,500 (Lottery buyer price: $61,950)
Square Feet: 1,399
Year Built: 1998
Lot Size: 4,785 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, 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 9939 Lauren Mist, San Antonio, TX, 78251. This home is under what HUD calls a Lottery program, meaning if you’re a Non-Profit of Government Agency, you get to buy it before the general public has the chance to, and you also get a 30% discount on the price of the home! This amounts to major savings! IF the home does not sell to a Lottery buyer then it will open up to the general public at the original list price, which is still around $9,000 UNDER the county appraisal. If you buy it under the lottery program you save $35,000 off the county appraisal! This 3 bedroom 2 bath is about 1,399 square feet and was built in 1998. The home only needs a little flooring, some paint, a few doors and knobs and possibly some minor sheet rock repairs. All in all it’s still a great buy. It’s listed for $88,500 and a Lottery buyer gets it for $61,950! Plus 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# 495-586957.
(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