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You are here: Home / Real Estate News / What It’s Actually Like To Buy A $500 House In Detroit

What It’s Actually Like To Buy A $500 House In Detroit

May 31, 2015 By Dan Leave a Comment

Dan Terry - Real Estate Broker Bellevue WA
Dan Terry – Real Estate Broker Bellevue Wa

For many Detroit homes, the first auction price is just the amount of liens and taxes owed on the house. If no one buys them then, they either go to a second auction where the prices start at $500 or they are given to the Detroit Land Bank where the starting price is $1,000.

Source: What It's Actually Like To Buy A $500 House In Detroit

Filed Under: Real Estate News

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ABOUT ME

Daniel Terry is a licensed Broker and Investor with Jae Evans Real Estate in Bellevue, Washington. Daniel has over 18 years of experience in the real estate industry, including home purchases and sales, property leasing, and various real estate investment strategies such as flipping and wholesaling. Read More…

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