Is it possible to buy a home in New Orleans for $2000? Fixer upper, yes. Gutted no.

Asked by Samantha Morris, New Orleans, LA Wed Apr 18, 2012

My family are planning on relocating in the next two months from Ohio to New Orleans. We plan on paying in cash. Will we have to jump through hoops?

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ian cockburn, Agent, New Orleans, LA
Sun Apr 22, 2012
Glad to have you!
Buying a home will vary by location, age of the home and a multitude of other factors. Think of the New Orleans real estate market like the ultimate buffet of homes..with many to pick from..small, large, in between close to restaurants, bars, schools, parks and parades that come by like no other place in America.

$2000 will be a good contribution towards your closing costs.
There is alot of opportunity and lots on the menu to choose from
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1 vote
Robert Casse, , Metairie, LA
Thu Apr 19, 2012
sometimes the answer to this question is yes, but sometimes and in most cases you pay for what you get...
i would not plan on moving into the property after closing because it may need major work, even if it does not need gutting. the electricty and gas may have been off for months if not years, and bring it up to code, you going to need some one who knows what they are doing (i sell houses, not rebuild them)...
one more thing, the truely good deals do not last on the market long...

"its a buyer beware more than ever"...

bobby casse 504/228-6530 (who helps byron lejeune)
1 vote
Daniel, , Baton Rouge, LA
Wed Apr 18, 2012
really? is this a joke?
0 votes
Katherine Ra…, Agent, Mandeville, LA
Wed Apr 18, 2012
You will be hard pressed to find any inhabitable property in this area for that price. The best I've found is $30,000 for a flooded and not-yet-gutted home.
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