Belt Auction

Houses selling for under $10k locally?

Ok, so I've just been looking on Ebay at the cheapest houses being listed and I have seen a number of houses on Ebay, mostly in the Philadelphia area going for ridiculously low. These houses are mostly in bigger cities in the midwest, but according to zillow.com, there are houses in my area in SC being sold for under $2000. Where are these houses being listed? Are real estate agents and investors picking them up before they ever actually hit the market? Where do they come from? Because even with foreclosures you still have to go to auctions, right? well actually, most of the houses on ebay are for a down payment, but if you just go through the list of cheap houses, you will find some that are bid to own and will go for very cheap. Also, I'm not sure how Zillow works, but from what I can tell it shows the last selling price of the house and in Chesnee, SC I saw some that sold for under $2000. Also, I didn't say that I wanted something liveable. I just want something fixable. I know that I won't be able to just move into anything that I would buy for that little money. I want a project that's cheap to start. that's why I'm looking. http://cgi.ebay.com/Flint-MI-Home-2-1-Fixer-Fenced-Yard-Invest-Now_W0QQitemZ160262293327QQcmdZViewItem?hash=item160262293327 http://cgi.ebay.com/1-to-Start-No-Reserve-Better-Flint-MI-Home-Fixer_W0QQitemZ160260110108QQcmdZViewItem?hash=item160260110108 http://cgi.ebay.com/No-Reserve-Cincinnati-OH-Cape-Code-3-1-Cute-Fix-it_W0QQitemZ160260600931QQcmdZViewItem?hash=item160260600931 http://cgi.ebay.com/SINGLE-FAMILY-HOME-SAGINAW-MI-INVESTMENT-PROPERTY_W0QQitemZ280243807529QQcmdZViewItem?hash=item280243807529 http://cgi.ebay.com/1-to-Start-No-Reserve-Flint-MI-Home-Fix-Rent-Out_W0QQitemZ160262292645QQcmdZViewItem?hash=item160262292645 These are just a few of the cheapest ones that have ended recently

Public Comments

1. Every hear that saying "if it sounds too good to be true, it probably is"? You're not going to get anything liveable for $10,000.
2. I think you should either go on forclosures.com they can tell you everything you need to know about a house and if they dont tell you what you need on the house(s) call them. I think the reasonable price for a nicehouse in sc would cost about AT LEAST 50,000 to 100,000 dollars
3. Anything I looked at didn't quite match up to the blurb. $2000 turned out only to be a deposit, and the asking price was really substantial, often 200k or more. Further down on the ebay page, in the smaller print, you may find the price they want.