Cheap Homes For Sale

Cheap Homes

Yes there are some really cheap house out there. In this economy, it isn't a surprise that many people who have recently filed total bankruptcy are motivated to sell their home fast and for a large discount. That's just one of the reasons cheap homes are available. You'll find examples of some of the most inexpensive towns in Chapter Three of my book. One of them has homes priced at under $30,000 right now. In Chapter Four, you'll learn exactly how to find your own ideal town with affordable housing.

Great news! The book is now free! I wrote it around 2005, and updated it occasionally, so parts are a bit dated--no more no-doc and interest-only loans. It's no longer for sale, but since it's still packed with valuable info, I put it here on this site. You can start with the introduction and the links to all pages here: Cheap Homes for Sale

You have some great information... Terri A.
Interesting site on cheap homes! Jody H
You have some great information on your website... Amber S

News and Notes

Latest Real Estate News - January 8, 2012 - New record lows on interest rates, according to Realty Times:

In Freddie Mac's results of its Primary Mortgage Market Survey® the average fixed mortgage rates starting the year at or near their all-time lows. The 30-year fixed averaged 3.91 percent matching its all-time record low amid recent data showing signs of improvement in the housing market and manufacturing industry. This marks the fifth consecutive week the 30-year fixed has averaged below 4.00 percent.

Tip: Compare Total Costs - It is easy to overlook the true costs of a home when you get excited about this or that option, but try to look at the true costs of buying as well as the true ongoing costs. Here in Florida, for example, you might think you are saving the monthly dues by buying a house instead of a condo, but insurance could cost as much as those dues. look at all the costs.

Choosing a Town - February, 2012 - A poor local economy is the reason you can buy cheap houses in many parts of the country. These are towns that have seen troubled times, but are often recovering, sometimes with... Continue reading here...

Blog Posts - A couple recent blog posts worth reading.

Mortgage Backed Securities Misrepresented - Will the government finally act?
Make Money With Commercial Real Estate - How it can be riskier but profitable?

Cheap Home Our Story - My wife and I drove around the country for seven weeks in 2002, looking for a new home towns. We bought the house in the photo here (full basement, garage, hardwood floors, sun room), in a wonderful mountain town in Montana for $17,500, and later sold it for a profit. During our search, we found many great towns with affordable homes. Of course not everyone can move wherever they want, so I researched how to buy a home for less anywhere, and decided to share these valuable lessons. That's why I wrote "Cheap Homes" I know you'll enjoy it, and when you use the information, it will save you thousands of dollars. - Steve Gillman

What You'll Find in the Book

A powerful way to present a low offer.
The 70 things you should look at in a house.
The difference between a condo and a co-op and why it matters.
Is your real estate agent a spy?
Don't buy a fixer-upper until you read chapter 8.
The most costly common mistakes and how to avoid them.
Why you should do your own home inspection.
How to save thousands on financing.
"Implied authority," and other powerful negotiating techniques.
How to lower your property taxes.
Why you need pre-approved, not just pre-qualification.
Find the cheapest homes that meet your needs in your town.
What your housing options include.
Specific negotiating techniques to use with the seller or his agent.
The simple research that can save you a fortune.
How to save on most of the closing costs.
Twenty-five questions to ask your lender.
What to ask a home inspector before hiring him.
How moving the closing date can reduce the cash you'll need.
No-doc versus low-doc loans.
How to get the seller to pay the closing costs.
How to continue saving money after you buy the home.

From start to finish -- You'll learn not only how to find cheap homes for sale, but how to save money at every step. Why not get started reading it now Cheap Homes - How to Save Thousands Buying Your Next House

Other Pages

Home Inspection : How to use your own as a negotiating tool, and how to hire an inspector.
Moving List : Some important things to include on your moving checklist.
Home Finance : 20 questions to ask your lender.
Home Buying - Three Money Saving Secrets : Three of the five basic ways to buy for less.
Online Real Estate Resources : Links to other great products and sites.