I searched for real estate in Yahoo! Real Estate in McAllen, Tx and found very cheap homes. What is the catch? Anyone from that area? If a home costs 20k can i get a loan for 50k for remodling? Sorry for so many questions! Thank you.
2007-03-22 21:06:25 · 6 answers · asked by cjr_mamamia 1 in Business & Finance ➔ Renting & Real Estate
I'm not sure about McAllen Tx because I'm a agent in Maryland but here are a few pointers. Home values go according to the area so if the homes in the area are close to the asking price of the home you are looking at than you are doing pretty well. The next things you look at is the house, what they offer and compare it to the other homes in the area. For example acres of land, # of bedrooms, # of baths, type of kitchen (updated or not) and garage space. Now if the house is extremely under priced then you know something's up.
Now about the financing you can get a loan for the house and remodeling but it's a little more detailed than a conventional loan.
My advice to you is find a real estate agent in you can trust. They will be able to break down the area with more detail and help you find a loan officer to meet your financial needs.
2007-03-23 01:23:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
McAllen is very close to the Mexico border. I had a friend that grow up there and he said that there are not many jobs there and crime rate is high. I guess you get what you pay for most of the time.
2007-03-23 17:22:39 · answer #2 · answered by momo 1 · 0⤊ 2⤋
I dont know but 4 sure there is a catch there.Anyway i know sum1 hu has a lot of property to sell,rent or lease here in the philippines.Contact me if ur interested.
2007-03-23 01:31:45 · answer #3 · answered by Marco 1 · 0⤊ 0⤋
I don't know, but I just saved a bunch of money on my car insurance by switching to GEICO.
2007-03-22 21:14:27 · answer #4 · answered by St. Dave 5 · 0⤊ 0⤋
There is no Work overthere...you can buy a house overthere and use it as a summer home..
2007-03-22 21:09:33 · answer #5 · answered by Anonymous · 0⤊ 1⤋
i dont think the place is good ... you might as well look for other options ... low means something is not very ok ...
2007-03-24 18:42:04 · answer #6 · answered by Anonymous · 0⤊ 2⤋