Quote:
Originally Posted by redpoint5
Deals can be had if one is willing to put in the labor to fix things up.
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You still need to get financing.
The guy who runs Homemade Home finds seemingly-abandoned houses, finds out why nobody is living there, and convinces the owner to sell for cash in exchange for the YouTube guy fixing the problem.
I have found several places in Show Low that look abandoned, but the owner is up-to-date on the taxes. I should probably follow up anyway, but I would follow up immediately if they were behind on their taxes.
YouTube Guy says that he found his first house through Craigslist, but that owner was willing to carry.
I have seen a few ads on Facebook and Craigslist, but mostly stuff like an ad I just saw "Cash only! I absolutely positively will not finance! Don't even ask!"
Everything I see on-line says that they haven't really said no until they refuse to talk to you.
The ladies must love them!
Homes in my area under $200,000:
For sale by owner, 2 bedrooms, 1 bath, 950 square feet, and for sale for 117 days; they are asking $189 per square foot without a garage.
3 bedrooms, 1 bath, 1,008 square feet, for sale for 1 day; they are asking $197 per square foot without a garage.
2 bedrooms, 1 bath, 725 square feet, for sale for 19 days; $234 per square foot with a 1-car carport.
2 bedrooms, 1 bath, 916 square feet, for sale as-is for 290 days; $175 per square foot
The last house that sold in Show Low for less than a quarter million was 3 bedrooms, 1.5 baths, and 1,043 square feet with a one-car garage for $230,000--$220 per square foot.
This one was similar and sold for $178,640 a year ago.
That is a 29% increase in one year!