Cheap Homes For Sale In Great Towns

Good Homes Under $50,000?

My wife Ana and I found cheap homes for sale all over the country during a seven-week drive, and we even bought one along the way. It was in a pretty little town in the mountains of western Montana, and it cost us $17,500. We spent almost $2000 to fix it up the way we liked it, and lived there for several months before selling it for $28,000. You can see a photo of our little pink house on the homepage of our site www.HousesUnderFiftyThousand.com. This was not a fluke. There are still great towns where you can find cheap homes for sale.

Cheap Homes, Nice Towns: An Example

In Anaconda, Montana you can fly fish, go to a movie for three dollars in a beautiful old art-deco theatre (the 5th most beautiful theater in the country, according to the Smithsonian), drop some nickles in a slot machine (a dozen casinos), eat at a fine restaurant, stop by the bar for a dollar beer, and buy a house for sale under $30,000 - all within a four block area! There are good schools and churches, a library with fast internet service, and wildlife (including bears) a few hundred yards from downtown.

Why Are There Cheap Homes For Sale?

The reason there are so many cheap homes for sale in Butte and Anaconda, is that there aren't many good jobs left. I personally found jobs in Anaconda easily-but not good ones. People left the area in the 80's especially, after the mines and smelters closed. This exodus has left one-in-seven "housing units" in Anaconda vacant, according to the U.S. census. This has driven down the prices of homes dramatically. Since both towns still have all the basic ammenities, are cleaner now, and are slowly recovering, they are great places to retire to or to move to if you have an internet or other non-location-based business.

The economic situation is the primary reason that you can buy a cheap house in many parts of the country. These are towns that have seen troubled times, but are often recovering, and with good reasons. Anaconda, an example we know well, now has a ski resort,a Jack Nicholas golf course, and beautiful mountain scenery. The houses cost four times as much if you go an hour in any direction, and those higher prices are bound to reach Anaconda eventually.

Cheap Houses You Don't Want To Buy

On the other hand, there are towns like the one in South Dakota where we stopped for lunch. The bulletin board had ads for cheap homes for sale, placed there by desperate home-sellers trying not to be the last to leave town. There was a photo of a beautiful old five-bedroom farmhouse for $11,000. We looked up the deserted street as we ate, and noticed that most of the buildings were boarded-up. This was a town that was clearly dying, and didn't have anything to help revive it. Inexpensive homes are easy to find here, but I wouldn't take one for free.

Cheap Homes For Sale In Paradise

Maybe paradise is too much to expect, but there are many wonderful towns, from Florida to Oregon, where there are cheap homes for sale. So what does a town need in addition to inexpensive houses in order to make our list? Well, the criteria are certainly subjective, but include at least the following:

1. Population between 4,000 and 80,000.
2. A good library.
3. A good grocery store.
4. A movie theatre.
5. Cheap houses: at least six for sale under $50,000.
6. The town "feels" good.

When we researched and built our website, we broke the towns up into two pages. One is for the towns with houses for sale for less than $50,000. The other is for the towns with really cheap homes for sale - under $30,000! Yes, they are still out there. Using a phone and the internet, searching for your affordable dream home is easier than ever. Good Luck!

Steve Gillman and his wife Ana Blum have traveled the country exploring beautiful towns where there are still affordable homes. The result of their research, and their experience buying their own cheap dream home, is the website: http://www.HousesUnderFiftyThousand.com

More than 40 states signed onto a proposed $25-billion deal with major mortgage servicers over faulty foreclosure practices. New York, Nevada and Delaware joined California in holding out for better terms.

More than 40 states signed onto a proposed $25-billion settlement with major mortgage servicers over faulty foreclosure procedures, but California, New York and other key states were still not among them.

California has until Monday to share in a multi-state deal with banks to obtain mortgage relief and reforms. Atty. Gen. Kamala Harris, who walked away from talks last year, says the door remains open.

With a Monday deadline at hand, California officials have resumed direct talks with the Obama administration about joining a multibillion-dollar, multi-state mortgage settlement with the nation's largest banks, a source said Sunday.

The talk show host pays $12 million for the 4,088-square-foot house with four bedrooms and four bathrooms. The ocean-view home sits on 1.26 bluff-top acres with beach access.

In one of the more talked-about transactions in town, actors Brad Pitt and Angelina Jolie have sold their Malibu beach house to daytime host and comedian Ellen De Generes for $12 million.

The four-bedroom, five-bathroom house built in 1920 for industrialist James Wigmore lists for $2,875,000.

A decorative cast stone entrance opens to this restored Spanish Colonial Revival-style house in Pasadena's South Orange Grove area. Built in 1920 for industrialist James Wigmore, the house retains such original details as coffered wood ceilings and arched doorways.

They don't believe they can sell their property for what it's worth, so they're spending money on making their homes more comfortable.

Do you fit any of these descriptions?

A biennial research report by the National Assn. of Realtors indicates that a handful of real estate agents and brokers and their clients either don't know the law or don't care to follow it.

When it comes to lawsuits, real estate agents and brokers tangle mostly among themselves.

The president aims to help about 3.5 million people with good credit who are unable to refinance at historically low rates because their homes are worth less than their mortgages.

 

The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments.

The Standard & Poor's/Case-Shiller index of 20 large U.S. cities fell 1.3% in November from October as foreclosures continue to drag down the housing market.

Three straight months of home-price declines in the biggest U.S. cities showed that foreclosures remain a significant drag on a housing market that is entering its fifth year of deterioration.

L.A. Clipper Chris Paul may be quick down the court, but he moves pretty fast when it comes to buying multimillion-dollar real estate too.