Today I was showing a young lady Westland foreclosures. She doesn't make a lot of money, she only works at IKEA. But Westland, Garden City, Inkster, Wayne, and Dearborn Heights have lots of foreclosures under $50,000.
You can get a 800 to 1200 square foot ranch or bungalow for as little as $15,000. Sure in that price range they are going to need work and TLC but in the upper $40,000 range you are going to find some very nice homes.
Many of the Garden City foreclosureswhere nicely updated. Most were built in the 1950's yet they had newer windows, decent roofs, some with updated kitchens and baths. Sure they don't have granite counter tops.
I met a young man with his grandfather peeking in the windows of one Westand foreclosure that was listed for $19,000. I let them in to take a look at it. They asked me what I thought of the house. I told them, sure it wasn't in top shape but you couldn't build the frame of the house for $19,000. Where could you live for $350 a month. Because with a mortgage payment, taxes, and insurance that 's what it would add up too.
That's what is great about some of these reasonable Metro Detroit homes for sale. You can buy a house and live cheaper than you can rent an apartment. You own the place, you can get a tax deduction for the interest you pay. That's why it is a great time to buy metro Detroit foreclosures.
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