Need to know why this listing is only for $10,000 and what we have to do to purchase i t?

Asked by kathy Cruz, Milwaukee, WI Wed Mar 12, 2014

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3
Laura Bingen, Agent, Lomira, WI
Thu Mar 27, 2014
If a house is $10,000 there is something VERY wrong with the property...location, condition or both.

Talk to an agent. Ask about the area, if it is high crime you may want to reconsider owning the property even as a rental.

Can you purchase it for cash? Financing a fixer upper isn't impossible, but it is difficult. Talk to a lender, which could be a bank or someone who can privately lend you the funds.

IF the area is good then it must need repair. Set up a showing (if you are not familiar with construction cost, bring someone who is). If the repair cost is less than or equal to the going rate for homes in the area buy that baby and watch the awesome transformation!
0 votes
Jay Benson, Agent, Temple Terrace, FL
Wed Mar 19, 2014
Hello Kathy,
Are you looking for investment properties or a home to live-in? If you are looking to purchase in the Milwaukee Area and want a great deal, please send me an email at jaybensonhomes@outlook.com
0 votes
Dan Tabit, Agent, Issaquah, WA
Wed Mar 12, 2014
Kathy,
You didn't indicate a home, so we can't know the answer. It may be a typo or it may be a foreclosure with a fictional price attached. Ask a local agent to look up the address on your MLS to see what you can find out.
0 votes
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