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how do you buy homes for $1.00 ?

  • June 21 2009 - US
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Answers (4)

Generally, I see many homes listed for a dollar when they are being sold at auction, but they don't sell for that!

 Companies advertise you can buy them "pennies on the dollar" but last time I checked, "100 pennies still is pennies on the dollar"!

Some properties are actually sold for negative amounts (i.e. they pay you to take them) but then you get to deal with the toxic mold, the radon gas, the oil spill under the property, etc).
  • June 22 2009
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Profile picture for droopyd
Or you buy a stripped-out husk in a place like Flint, MI.
  • June 21 2009
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Homes that are sold for a dollar are either being sold to family members and a nominal amount has to be attached to the sale, or they are homes that are in a redevelopment area and need to be moved at the expense of the buyer.
  • June 21 2009
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Profile picture for CubsfaninWA
you inherit them or strong arm your family into giving them to you.
  • June 21 2009
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