is there any properties that i can buy at like $5,ooo with out going to auction?

Asked by George, Salt Lake County, UT Sun Jan 24, 2010

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This question is about this property: http://www.trulia.com/foreclosure/3000345636--N-Bliss-Ct-Sal…

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Jake Breen, Agent, Cottonwood Heights, UT
Mon Jan 25, 2010
NO....NO WAY, not in SLC Valley. Too many people are watching late night infomercials! Yes, our market is bad but for $5K you can't even get a time share here still. The best way to compare apples to apples and value a home is a price per foot analysis. Some of the BEST deals I have seen in SLC are nice homes that sell for around $50 a foot. A live example is the home in Sandy UT that in July last year sold for $250K flat and it was OVER 5000 square feet. Address is 1793 E CRESCENT VIEW DR.
There ARE some homes nationally that really have sold for $5000. They usually are in packages for FDIC repossessed bank deals where you get many of them for $5K a house. Usually thought they are homes that are worthless and should have no value.

Hope that helps!
Web Reference:  http://www.utahcribs.com
1 vote
Spencer Janke…, Agent, Cottonwood Heights, UT
Mon Jan 25, 2010
Sure thing if you are going to buy 300 + homes in a package, and all of them will most likely be in the rust belt area.. Example... Detroit Michigan.. In Utah? Not a chance I like Jake's answer.. He is spot on..
Web Reference:  http://utahcribs.com/
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