$2,000.00 on an amazing townhouse was listed, is that correct, or is it a scam?>
2007-05-24 06:17:57 · 20 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
it could be possible but its not true
2007-05-24 06:20:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Definitely find out who is advertising this and get in contact with them. There are a variety of possiblities - 1) Could be the opening bid at an auction 2) Could be the price for just the townhouse and you'd have to move it 3) Could be a foreclosed property and this is the courthouse steps starting price... there are a myriad of possiblities. Not many steals like this nowadays. It will pay off in the long run to do your homework and find out as much as you can so you can decide to pursue it or let it go.
2007-05-24 06:37:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Forecasters don't know squat. You look at any forecast for anything 2 years ago and see how well they did. Was anybody predicing gas at $3+ a gallon back then? Or that unemployment would be at 4.5%? Economic forecasting is just a guess. Don't act rashly on someone else's guess. Look, unless you plan on moving to a different area any time soon, just stay in there and enjoy your home. You'll be paying down the mortgage as you go. 2 years from now the market could be down, or level, or up. Nobody really knows. It's only over the longer term can you rely on housing prices to increase.
2016-05-17 04:36:24 · answer #3 · answered by theo 3 · 0⤊ 0⤋
As a matter of fact, yes it is possible. If you check your court house deeds and records you will find that a lot of property as well as homes were sold for $1.00. This practice was used usually between family members and friends. Homes that are sold for unbelievable prices can be purchased on the court house for back taxes for pennies on the dollar. Some house siezed in drug raids will be sold by auction as well.
2007-05-24 06:39:21 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Could be correct. Talk to the realtor that handle this sale. This property could be (was) on a short sale - meaning, the owner was/is in default or can't pay anymore, so the government take over. or it could be that, when you buy this property, you will have to do a lot of renovation, repair, repair on documentation, that at the end it's just like buying a new home from a builder.
2007-05-24 06:24:42 · answer #5 · answered by yahoooo! 5 · 0⤊ 0⤋
maybe that's $2000/month. If the amazing townhouse could be bought for $2000 outright, it's probably on an ocean-front, white sand beach somewhere in Arizona.
2007-05-24 06:24:07 · answer #6 · answered by rockjock_2000 5 · 0⤊ 0⤋
Unless its Detroit, its a scam...lol.
Not possible for any house or condo in America to sell for that low. Even in the worst of ghettos.
2007-05-24 06:21:14 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Once upon a time:
Someone i knew bought a brand new 1998 mustang (it was the year 1998) for 20$, he thought it was a scam but...
The lady who was selling the car just got a divorce, and her husband told her to give him half of whatever she sold the car for. So........ to screw him over she sold it for $20
2007-05-24 06:22:34 · answer #8 · answered by moneypenny_chris 2 · 0⤊ 0⤋
depends what the source is. I think it is a scam why wouldn't the broker buy it at such a low price. Its probably going up for auction. Then it'll raise to the real price.
2007-05-24 06:20:37 · answer #9 · answered by simply-remember 5 · 0⤊ 0⤋
I live in a non disclosure state, and the $1 sales are the sales that the buyer did not want to disclose the sales price. Perhaps this is what you saw.
2007-05-24 09:58:54 · answer #10 · answered by Qyllix 5 · 0⤊ 0⤋
People sell houses for a buck sometimes but then you have to pay for the house to be moved and then you have to find your own land to put it on and then get everything working again and all that.
2007-05-24 06:26:36 · answer #11 · answered by Anonymous · 0⤊ 0⤋