Buying A House For $1.75
In what could possibly be the cheapest house ever sold, a woman decided to forgo her morning cup of Starbucks coffee and used that money to buy a house instead!
SAGINAW, Mich. – With a winning bid of just $1.75, a Chicago woman has won an auction for an abandoned home in Saginaw. Joanne Smith, 30, recently was the top bidder for the home during an auction on eBay, The Saginaw News reported. Her bid was one of eight for the home.
“I am going to try and sell it,” she told the newspaper. “I don’t have any plans to move to Saginaw.”
Smith said she hasn’t seen the property or visited Saginaw, which has been hard-hit by economic troubles in recent years.
There’s a notice on the door of the home saying a foreclosure hearing is pending, the newspaper said. She must pay about $850 in back taxes and yard cleanup costs.
What’s amazing is that 7 people bid less than $1.75! God bless Ebay for bringing home ownership to the masses!
Check out the investment store if you want to find similar great deals on real estate.
If you found this post helpful, consider donating to my coffee fund!![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
- Is It Time To Buy Real Estate? Over the past few weeks, several of friends have asked me if its a good time to buy a house now that real estate prices have bottomed. Encouraged by the media, everyone seems to think that home prices have bottomed out and the recovery is about to begin. Even Jim......
- Home Ownership: A Marketing Scam? Here's a very interesting video from TheStreet.com. James Altucher asserts that owning a home isn't the American Dream. It's just a marketing scam perpetrated by Home Builders! Check out this interesting 2 minute video. He makes some valid points. It's true, if you're not paying cash, then you're renting the......
- Detroit's Median Home Price Is $7,500 According to the Chicago Tribune, Detroit Median Home Sales Price was $7,500! No, I didn't forget a zero at the end. That's probably less than what you paid for your car! So should you rush out and buy a home there? A house that costs $7500 might make a pretty......
Related Websites
- Make Extra Money Taking Real Estate Photos We recently closed on the sale of our home. Selling a home is a tricky process. So many factors go into presenting your home to prospective buyers: Price, listings, open houses, dressing your home, getting the best real estate brokers, where the market is...I can go on! One aspect you......
- Real Estate Investments - Good Idea or Bad Idea? Right now, if there was a market that had bad news written all over it, it would be real estate. The housing crisis has made investors jumpy, the economy appears to be tanking and home values are plummeting across the country. Would you believe that this is actually a good......
- How I found my real estate agent Buying and/or selling a home is often one of the big financial decisions many people face, and it can be helpful to have the services of someone to assist you through the process. A real estate agent can be of great help, especially in states where it's not typical to......
[All content is copyright of Living Off Dividends & Passive Income]
October 8th, 2008 at 10:53 am
Check this article out:
http://www.dividendgrowthinvestor.com/2008/03/buying-house-for-10-wheres-catch.html
There’s always a catch purchasing a “cheap” property.
October 24th, 2008 at 11:47 am
There is a little town in Italy that will allow you to buy a house for 1 euro. The only catch is you have to rehab it, but I guess that’s not so bad. Check it out.
Buy a house in Italy for 1 Euro
November 28th, 2008 at 3:50 pm
this is great so cheap property’s