The home on Waterford Drive at $259,900 is in deteriorated condition and needs about $25,000, maybe even $30,000 in repairs. I don't think that a loan can be obtained on that property - it needs a roof, a large amount of sheetrock work, it has no flooring in it, large holes in the ceilings and that is just part of the list. I also heard through the Grapevine that it has a squatter living in it, whom I met once, the lady told me she was the homeowner - she isn't. The next lowest asking price there right now is $275,000. There have been a couple of homes sold for $250,000 or less in the past 12 months but those were similar to the home on Waterford - needed lots of work and were not in move in condition. It's possible that a home may become available in your price range, but the home will probably need a great deal of work. There are also homes in the high 200's occasionally that are dated but in average condition- if you work with an agent they'll be able to alert you when those become available.