Ready to Buy a Property, Maybe Even a Home? PHA Is Selling. Cheap.
CBS 3 says that the Philadelphia Housing Authority is about to sell of up to 200 of its excess properties—the official announcement comes at 11 am, and as you might expect, many of those properties are, um, inexpesive fixer-uppers.
“We’ve got properties throughout the city in all kinds of neighborhoods so we expect a range from $5,000 to a couple hundred thousand,” said Bob Dann, of Max Spann auctioneers.
It can’t be emphasized enough: All of the properties need renovation. Still, the auction might turn out to be a pretty good deal for the housing authority: A previous sale, of abut 400 properties, netted $7 million in 2011.