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}
- Riskiest Real Estate Markets In The US A lot of people are wondering where to invest in order to catch the next real estate boom. I don't have a ready answer for that, but Forbes magazine was nice enough to tell us where the riskiest markets are. 1. Miami, Fla. Due in part to escalating insurance costs,......
- Real Estate Forecast 2009 As a member of the school's Real Estate Club, I got a pretty interesting update on the real estate forecast for 2009. This is just the summary. The whole article was signficantly bigger. A lot of it is obvious, but it's still a good comprehensive list. Serious dislocation has resulted......
- Should I Buy A House and Take Advantage of Low Interest Rates Every few months, someone wants to know if its a good time to buy real estate. A reader asked an interesting question: Interest rates are artificially low and we wonât see rates this low for a long, long time. What are your thoughts on buying vs renting for a first......
Related Websites
- Tips for Selling a Home in a Down Market These continue to be the worst of times for home sellers. The rate of foreclosures has fallen, yet RealtyTrac.com reported in early March that the number of homeowners facing foreclosure in February 2010 still was six percent more than in February 2009. That six percent was the smallest annual increase......
- Avoiding the Bubbles: Knowing when Not to Buy Can Save You Thousands One of my goals here at SF is to discuss sound personal investing. Not exactly a novel concept I know, and I'm sure you can find a myriad of columnists and self promoting TV personalities screaming BUY! BUY! BUY! as loudly as possible just to get your attention. I'm really......
- $150k plus $700/month for 175 square feet Makes me wonder:Â If I were to ask a New Yorker about the real estate collapse, they might tell me, "Real estate what?" Tough Money Love commented on Zaarath and Christopher Prokop's postage-stamp real estate purchase: a 175-square-foot "microstudio" apartment, secured for the cool price of $150,000 plus a $700+/month......
[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