Home Buying in Philadelphia>Question Details

Agriffin, Home Buyer in Philadelphia

I need to know how to buy a house for a dollar??

Asked by Agriffin, Philadelphia Fri Jul 27, 2012

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5
Paul Knese’s answer
Philip Cunningham gave the best answer. There are dollar homes, however they are distressed properties, usually in targeted blight zones, you may want to look at the link regarding the Neighborhood Stabilization Program, http://portal.hud.gov/hudportal/HUD?src=/program_offices/com…
0 votes Thank Flag Link Fri Jul 27, 2012
Try hudhomestore.com and put your state in the drop down. All of the HUD homes for sale will come up. I do not know about a $1.00 house, but maybe something will come up that is affordable. You may need to fix the house also.
0 votes Thank Flag Link Fri Jul 27, 2012
The guys that show you how to do that and charge you are just slimeballs out to get your money.
0 votes Thank Flag Link Fri Jul 27, 2012
Since I'm a REALTOR in Philadelphia i can tell you that the only $1 homes are available though HUD and these are for special interest groupes like community associations and Nonproffit groupes Please call me at 215-725-5700 X49. Please go to HUD.gov for more info

Philip J. Cunningham Sr
V.I.P. Realty Corporation
7942 Bustleton Ave
Philadelphia,PA 19152
215-725-5700X49
Web Reference: http://www.GreatPaRE.com
0 votes Thank Flag Link Fri Jul 27, 2012
A,
That looks like a 'too good to be true' opportunity...and on many levels you will find it is. However, you most certainly CAN buy a house for a dollar.

Your best place to start is with the city of Philadelphia. Find out what homes they have scheduled for demolition or notify them of homes that should be demolished. These are your $1 homes. There are many C O M P L I C A T I O N S ...but nobody expected it to be easy.

Ask about special economic zones within the city also. Often, these projects culminate in a very low cost home.

Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL
727.420.4041
Let's chat about real estate on. http://www.RealEstateMadeEZ.us
0 votes Thank Flag Link Fri Jul 27, 2012
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