Here are some affordable houses in Duluth that are currently for sale (Broker Reciprocity):
It’s no secret that the Minnesota real estate market is in the doldrums, but the good thing about this is that the houses in Duluth are more affordable than ever, and there is a good selection of houses for sale in all price ranges, but especially in the lower price ranges. In fact, at the time of this post, there were 135 homes in Duluth for sale at 100K or less! This is a bonanza for Minnesota real estate investors and for first time home buyers. Renters can easily calculate that their rent is costing way more than home ownership in most cases in the long run, and investors are realizing that they can buy up houses in Duluth for cheap, rent them out, and come out ahead when they sell years later. Interest rates on home mortgage loans could hardly be any cheaper,and FHA loans can be used to purchase houses in Duluth using as little as 3% down!
Want to see some cheaper houses in Duluth? See ALL homes in Duluth Minnesota that are currently for sale on the Northstar Regional MLS system (lowest to highest). Note: Prices and availability of these houses in Duluth are subject to change without notice. Also, there may be other Duluth real estate listings that are not included in the broker reciprocity agreement and are not listed here. Call for more complete information. on these or any other houses in Duluth for sale.
*Photo compliments of Kevin Sharkey at http://ibronline.com
Houses in Duluth are Affordable
Rehabbing Houses in Duluth
Are you looking for houses in Duluth that need fixing, but don’t have the cash to do the work? No problem. The FHA 203K streamline loan can be used to purchase owner occupied real estate, and also to perform necessary repairs, all with a single mortgage. The combination of low prices, low rates, and the handy FHA 203K mortgage make this a perfect time to snap up a “equity builder” houses in Duluth.