Homes for sale in the SF Bay Area for under $100,000

Parent Cafe
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<p>OK… the homes aren’t great… The neighborhoods aren’t the best… but still</p>

<p>[Bay</a> Area sees deals on homes for under $100,000](<a href=“http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/01/MNCB147SV4.DTL]Bay”>http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/01/MNCB147SV4.DTL)</p>

<p>"Realtor Gina Foronda no sooner listed the four-bedroom San Pablo home for sale than the offers started rolling in. Within three days, she had seven bids, the top one for 18 percent over the asking price. </p>

<p>It sounds like the frenzied height of the real estate bubble. </p>

<p>But this property has a jaw-dropping feature that would have seemed preposterous two years ago.</p>

<p>Its list price? A mere $95,000.</p>

<p>While five-figure homes are run of the mill in places such as Oklahoma or Mississippi, in the Bay Area you couldn’t buy a doghouse for that amount.</p>

<p>Until recently. </p>

<p>Today, more than 600 properties currently on the market here are listed below $100,000. Agents say prices dipped that low starting this summer, as banks became increasingly eager to unload huge inventories of foreclosed homes.</p>

<p>“When you tell people you can buy a house in the Bay Area for under $100,000, it gets their attention,” said Carylon Dopp, a Realtor with Security Pacific Real Estate in Richmond. </p>

<p>These el-cheapo listings are not condos, trailers or manufactured houses. They are stand-alone, single-family homes, albeit modest ones, generally about two bedrooms and 800 square feet."</p>

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<p>SF is too cold for me, else I would take a look.</p>

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<p>I checked out the pictures in the article. To make some of these houses livable (like the one where all plumbing has been ripped out by vandals), the cost of permits, building materials and labor will be as much as the house itself. These deals will keep laborers, Home Depot, houseflippers and realtors employed. :)</p>

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<p>Most of the areas around SF are warmer.</p>

<p>The weather in South Beach isn’t too bad either (where the Giants play).</p>