Current list Price: $82,000
Square Feet: 1,315
Year Built: 1974
Lot Size: 6,900 sq. ft.
FHA Repair Escrow: $4,895 – repair exterior, finish patio, install faucets
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 500-800 homes on the market every day. Some are ideal investor homes needing only minor repairs before renting.
In this post we have a Texas HUD Home at 14147 Swallow Dr, San Antonio TX 78217. This is a nice "starter" home that needs some pretty minor repairs. The previous owners took pretty good care of this home, but as you see above, there is a $4,895 repair escrow to address some of the exterior wood rot and painting, as well as finish out the sun room patio in the back of the home. It's also missing some faucets in the bathroom, so you'll want to fix that too. The paint is in good condition, but you'll want to change the carpet in the bedrooms. All in all I think that this will make a great home and long term investment, since it's priced more than $12,000 BELOW the county appraisal. 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# 495-797873.
(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