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Need to Buy or
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Low Cost Houses
By Steve Gillman
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How do you find low cost houses? Look in the right towns, to
begin with. Then you can find the houses you like and make
an offer. Where are the right towns?
Altoona, Pennsylvania still had dozens of homes for sale for
less than $30,00 as I write this (2005). I just saw one
listed for $7,500! This is a cute little town (see the photo
on our site), yet still big enough to have everything you
need. |
Hot Springs, Arkansas has low cost houses. The cheapest
right now is $13,500. My wife and I like Alamogordo, New
Mexico a lot, and it still has homes under $50,000.
Independence, Kansas has homes starting under $10,000!
How To Find Low Cost Houses
You can look up various local newspapers online, and check
out the classifieds. This also assures you that it's a town
large enough for a newspaper. If there are at least a dozen
houses for sale, you'll have an idea about home prices
there.
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You can find real estate agents online, or in local paper
classifieds. Call one and ask if there are any low cost
houses for sale. If not maybe he'll know which nearby towns
have some.
You can go to www.Realtor.com, where you can search any town
for homes listed by price, number of bedrooms, and many
other criteria. This tool is a lot of fun. Set the criteria
to select only homes under fifty thousand or whatever you
want, and you'll quickly see if you're wasting your time on
a town. |
Of course, if you don't see many low cost houses, you still
might be able to get one. When we lived in Anaconda,
Montana, where we bought our own beautiful house for
$17,500, we watched as a house listed for $18,000 eventually
sold for $6,000! Towns that have had some economic troubles
often have house selling for far under their listed price.
The lesson is clear: make low offers to get low cost houses.
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About the Author: Steve Gillman has invested in real estate
for years. See a photo of a beautiful house he and his wife bought for
$17,500 on his home page, or go straight to the section on
Investing In Real Estate:
http://www.HousesUnderFiftyThousand.com
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