***Update*** There ARE Options!

By
Real Estate Agent with Remerica Integrity, Realtors®, Northville, MI
https://activerain.com/droplet/ys

There ARE Options!

Lately, I've had a few potential buyers tell me that they still can't afford to purchase a house.

Which got me thinking... I wonder what the lowest priced house in the area is.

First, let me define "area". I'm just going to us the city that I live in, Livonia, Michigan. I could certainly find a lower priced home, say, in the City of Detroit, but I'm just gonna use my city. It's easier that way.

(If you want me to look up another city, just let me know!)

Quick search on the MLS (multiple listing service) and viola...

Lowest Priced House In Livonia 1-4-2011

A 600 square foot, 2 bedroom, 1 bath house, for ***drumroll, please*** $11,000.

It's a HUD home, and I'm sure it'll be purchased for more than the listing, but it goes to show that There ARE Options.

Visit my website, www.EricMichaelOnline.com , to start your Home Search, or call me if you want to discuss YOUR Options.

Eric...

P.S. For the record, the Highest priced listing in Livonia is $745,000. I just wanted to make sure you didn't think ALL the homes were priced that low.

*****Update.  I just looked up this house to see what it ultimately sold for. $15,500 cash.

I also noticed that there was another house in Livonia, MI that sold within the last year for $8001. Tiny house, but still. Amazing!

 

 

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Ambassador
337,120
Melissa McKinney
McKinney Realty Group - Fayetteville, NC
Realtor, www.LivingFayetteville.com

GREAT blog Eric! Certainly a angle I have yet to see...I like it!!

Jan 04, 2011 12:43 PM #1
Rainmaker
642,556
Dawn A Fabiszak
Private Label Realty ( Denver metro area, Colorado - Aurora, CO
The Dawn of a New Real Estate Experience!

Eric ~ folks would be surprised at some of the low prices that can be had.  That is a a low price.  Someone could charge it on a credit card!

Jan 04, 2011 03:36 PM #2
Rainmaker
544,206
Eric Michael
Remerica Integrity, Realtors®, Northville, MI - Livonia, MI
Metro Detroit Real Estate Professional 734.564.1519

Melissa, Thanks. I wish I could come up with more angles.

Dawn, I've thought about buying one on a cc, and renting it out to make the payments.

Jan 05, 2011 08:58 AM #3
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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

But it looks so cute from the picture! and only $11,000. You could probably make money buying and renting it!

Jan 05, 2011 09:35 AM #4
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

My husband finally got his bonus this year and if I didn't spend it on pre-paying many of my expenses for the year we could have bought this one!

Jan 05, 2011 10:33 AM #5
Rainmaker
544,206
Eric Michael
Remerica Integrity, Realtors®, Northville, MI - Livonia, MI
Metro Detroit Real Estate Professional 734.564.1519

Connie, as I'm sure you know (unless you avoid HUD homes), they go for "Owner Occupied" first, then investors.

Renee, Good thinking on pre-paying. A Paper boy could almost buy this one.

Jan 05, 2011 11:49 AM #6
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Pam Dent
Gayle Harvey Real Estate, Inc. - Charlottesville, VA
REALTOR® - Charlottesville Virginia Homes / Horse

Wow, an $11,000 home.  That is unheard of.  We have some good deals down here but nothing to touch that.

Jan 12, 2011 03:25 PM #7
Rainmaker
544,206
Eric Michael
Remerica Integrity, Realtors®, Northville, MI - Livonia, MI
Metro Detroit Real Estate Professional 734.564.1519

Pam, I'm sure it'll go for more than that. The rental would be great for someone.

Jan 13, 2011 11:21 AM #8
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Eric Michael

Metro Detroit Real Estate Professional 734.564.1519
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