are these properties really only 100.00 dollars?

Asked by Lisa, Turtle Creek, Jacksonville, FL Thu Jun 10, 2010

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7
Bill Eckler, Agent, Venice, FL
Thu Jun 10, 2010
Lisa,

What can you buy for $100.00........we're talking about a shirt in some circles.....really!!!

Our recommendation is to invoke rule # 1...."When it looks too good to be true.....it probalby is..."
1 vote
John Bennett, Agent, Orlando, FL
Thu Jun 10, 2010
Sharon, I am so very sure you have this pocket listing
0 votes
Frank & Shar…, Agent, Fleming Island, FL
Thu Jun 10, 2010
John you crack me up! :) lol
0 votes
John Bennett, Agent, Orlando, FL
Thu Jun 10, 2010
Sharon please say its not true -

why can't I buy a 6/4/5 8,000 feet under air, custom built in 2009, pool with spa, inlaw apt, on 25 beach front acres for $100????

because I really want to!!!
0 votes
Frank & Shar…, Agent, Fleming Island, FL
Thu Jun 10, 2010
Lisa, if you are looking on Realty Trac this could be a teaser ad - properties 'sell' at the courthouse steps for $100 because the bank is buying the house back for a nominal fee. Later the property will come on the market unless it is sold to an investor first who has a relationship with the bank asset managers. So, yes they sell for $100 when the bank buys it back but more when it comes on the market.

Hope this helps. Have a great day!

Sharon Alters, GRI
Watson Realty
904-673-2308
sharon@teamalters.com
Web Reference:  http://teamalters.com
0 votes
John Bennett, Agent, Orlando, FL
Thu Jun 10, 2010
Bill has the answer! But I have to use 25 Characters to say so.
0 votes
Heather Peck, Home Owner, Las Vegas, NV
Thu Jun 10, 2010
Believe it or not sometimes properties are sold for $1, but you have to realize that those properties were probably very run down and even the government agencies didn't want them. So what do you think you're going to get for that price?
0 votes
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