Home Buying in Atlanta>Question Details

Ayo, Home Buyer in Atlanta, GA

can I get a single family 3 bedroom 1 bath of arroung $15,000?

Asked by Ayo, Atlanta, GA Thu Jul 21, 2011

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Sure. One that will require work. There are many in SouthWest- In town Atlanta in this price range. Again, none are "move-in" ready but with some work you'd have a gem ;)
Web Reference: http://niaknowsrealty.com/
0 votes Thank Flag Link Thu Jul 21, 2011
IT DEPENDS ON THE AREA YOU ARE LOOKING IN.
0 votes Thank Flag Link Thu Jul 21, 2011
Best bet on getting one would be to make your offers sight un-seen.. If you get a contract, then go look at the property. In my experience there is allot of competition for properties in this price range..
0 votes Thank Flag Link Thu Jul 21, 2011
You bet! BUT you will have to pay 100% cash for it. No lender will do any financing that low. Good luck! :)
0 votes Thank Flag Link Thu Jul 21, 2011
Sorta kinda basic and liveable move in readies in Forest Park, Lake City, and other parts of town, from what I've heard...

What are your reasons for wanting the locations that deliver a $15,000 house, Ayo?
0 votes Thank Flag Link Thu Jul 21, 2011
I saw a condo for about that amount that appeared to be habitable, but single family at that price are typically far from habitable.

Mark Lackey
Atlanta Housing Source at
Solid Source Realty, Inc.
Associate Broker
EcoBroker
Mark@AtlantaHousingSource.com
404-886-8789

Services
Home Buyers & Sellers - http://www.AtlantaHousingSource.com
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0 votes Thank Flag Link Thu Jul 21, 2011
Ayo,

The least expensive home I've sold in ATL was $6,800. It was a town-home that had NO water, NO HVAC and the city of ATL had a $40,000 water lien on the complex and removed the water meters. 19 out of 20 were inhabited by squatters and the entire complex was owned by 17 different banks. Needless to say, the property was uninhabitable and was going to take more than the property was worth to make it so. When thinking about that price range you will also need to think about location and the amount of cost it would take to repair the property and restore it to a livable home. Also, that price would in almost all circumstances require cash to purchase.
0 votes Thank Flag Link Thu Jul 21, 2011
Did you look on here, it will give you an idea of what $15,000 will get you!
0 votes Thank Flag Link Thu Jul 21, 2011
You usually get what you pay for, when shopping in this price range you should have the houses checked prior to making an offer to know if there are problems and what repairs are needed before making an offer, a good buyer broker can guide you through the process as well as provide a list of homes for you to see.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Thu Jul 21, 2011
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