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Screaming Deals Only!!!
In the spirit of Halloween, today’s post celebrates that niche in Bellingham real estate known as the “Screaming Deal!!!”
These house, priced up to $150K, are for those of you whose boss has SLASHED your income… but you’re just DYING to buy your own house… and you’d consider selling to the BLOOD bank to raise your down payment and closing costs… and your BONES ache at the thought of another year in a rental house… (are you catching my subtle Halloween references here? Sorry.)
Right now in the Bellingham real estate market, according to the NW Multiple Listing Service, the cheapest non-short-sale house (because the short sale prices are often irrelevant, in that you may NOT be able to actually buy the house for that low of a price), is priced at $135,900. It’s in Glenhaven, about 25 minutes from downtown. Check it out HERE.
If that’s too far to drive, you could always pick up THIS BEAUTY in the highly desirable Sunnyland neighborhood, priced just under $140K. But when you make the call to your lender for a pre-approval letter, make sure s/he’s qualified to do rehab loans, ’cause this one’s going to need it. (The seller might finance it for you too, with a big enough down payment.)
Now HERE’S ONE just off the I-5 with a GIANT useable shop or studio and tenants already there, out the door and into your portfolio for a cool $150,000. It’s rough, and again it may take some creative financing, but hey — if the intent is there on both sides of the transaction, anything can be accomplished!
These homes may not be the mansion you’re dreaming of… but they’re not total NIGHTMARES either! They serve the purpose of getting first time home buyers on the “real estate escalator” and starting to gain some equity.
Have a Happy, Safe Halloween, all!!!
