If a house is listed at 5,000 dollars and is REO-Bank owned and is not auctioned. How much (apporximately) will it cost to buy it in the end?

Hayleylayne
Home Buyer
Sugar Land, TX

Answers (2)
Fred Griffin
Broker
Florida

What "List" or Website or Infomercial is providing these prices to you?

Sat Sep 26 2009, 21:57
Amber Carrillo
Broker
77056
FIRST ANSWER

Hi Hayley,
If you come across a house that is $5k, I would jump on it. Where did you find this property? You would have to pay cash for it and if it's listed for that amount, you should be able to get it for that amount. Usually, in my experience, if a property is listed that low, there will be many many offers on it. The best place to research properties in the Houston area and obtain accurate list prices is http://www.ithomesonline.com When you pay cash for a property, you only have about $500-750 in closing costs and you would add that on to your sales price. Hope this helps. Please let me know if I can help you in any way. Thanks!

Amber Carrillo, Broker/Owner
It Homes
832*643*5632
ambersells@sbcglobal.net

Sat Sep 26 2009, 21:29

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 112
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback