Let me be honest, a home for $11K is far, few and in between. And even if you do find it, the biggest concern would be what condition will it be in. I have someone who just saw one for $20K â€¢ 3 bdrm 2 bath â€¢ 1,000 sqft. and its falling apart. No electrical, no plumbing, no flooring which was not habitable. I agree with Lynn's comment below, this home was not in a secured part of town. So ask yourself, do you really want to buy a home for that amount?