Honestly it all depends on what you're looking for, how much work you're willing to put in, and what your expectations are. You can find some great deals in just about any area if you do your homework and don't hesitate if you find something you KNOW I worth it. This summer my mom found an absolutely GORGEOUS foreclosure 3,000 sq ft, 4 bed/4 bath with a wooded lot on a golf course near the IL/IN border, we walked away paying 150k. Granted,we spent the entire summer ripping down water damaged drywall in the basement, the furnace was dead, and we had to drag moldy, flea ridden carpeting out of the house in 105+ heat with no A/C, but she now has a beautiful property that is now valued around 500kand can easily be sold for more than that once the market turns around.Originally Posted by sorraia
Thanks again!
Now after reading replies, I have another question...
When you say "good" or "absurd" in reference to housing prices, what exactly does that mean?
Here cost of living is ridiculously high. My husband and I practically STOLE our house, 3 bed/2bath on 0.62 acre for $115K. I found a listing in Tennessee for a similar house on 5 acres for the SAME price. Here, that property would have easily been $500K or more. Rent for an apartment here depends on what city and bedrooms, but averages around $800 for a studio or 1 bedroom. Rent on a whole house is going to be $1500+ depending on city and size of house. These aren't even L.A. prices either! I know other areas are lot less than that though.
Reply With Quote