$99 Vacation Homes Selling on eBay
CheapHomeReport.com is reporting cheap Florida vacation homes have been selling on eBay, below $20,000. Technically making it possible to purchase a cheap vacation home for less than $99 monthly.
The calculation assumes a buyer qualifies for a prime interest rate on a fixed 30 year mortgage, and has a 20% down payment ($4,000). The estimated mortgage payment amount would not cover association dues, taxes, insurance, maintenance, and/or possible repairs.
According to James Massey, publisher of CheapHomeReport.com; “While there are some really low (vacation home) prices on eBay, better bargains might be found by the watching auctions, without buying anything.”
Massey went on to explain; “Seeing ’where’ cheap homes are selling on eBay, can provide a valuable roadmap for finding the most affordable vacation home locations nationwide.”
“From there, buyers can look in the same areas for vacation homes for sale by owners and/or realtors. This gives buyers more time to inspect homes, than auctions typically provide.”
To see examples of low priced homes selling on eBay and find out where (in Florida) cheap vacation homes are located, visit: CheapHomeReport.com.
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