Homes for a song: For sale for $30,000 or less
By Christopher Solomon of MSN Real Estate
Think you can't afford to buy a house? Think again.
Thanks to the Great Recession and the titanic tanking of the real-estate market, some shockingly cheap property is up for sale. If you're willing to relocate – OK, sometimes really relocate – and to put in a lot of sweat equity, you can buy a home for as little as $30,000 in markets as diverse as Lansing, Mich., and Miami.
At late October's national average 30-year fixed mortgage rate of 3.94%, a full loan on a $30,000 home would amount to just $173.44 per month. That's far cheaper than renting.
With help from our partner Realtor.com, we've found a dozen properties around the nation. Admittedly, most aren't in the next hip neighborhood, and all need some TLC. But if you're looking for an investment or a starter home, this could be the ticket.
NOTE: All descriptive information is courtesy of listing agents. Properties were on the market and listed as available at the time of publication, unless noted otherwise.
Through and credit to MSN Real Estate offered by Edward E. Cambas/
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