The Housing market has continued to decline across the nation, one city at a time. Homes that once cost $300,000 and up can be picked up for under $100,000 and often less. Fixer up homes have been listed at such a low cost that people actually have the potential of buckling down and literally buying their home in cash, imagine owning a home with absolutely no mortgage.

Most people will still need to qualify for a mortgage, after all the one thing about buying a fixer up home is that it needs to be fixed up. For those who are qualified to repair a home or happen to have friends or family members that are qualified to repair a home and are willing to help out for a reasonable price purchasing a fixer up home just might be a way to reach home ownership without a heavy monthly payment dangling overhead. Here in Duluth MN homes are being listed for under $50,000 and some as low as $25,000. Imagine picking up a home for say $30,000 and throwing another $15,000 in material into along with some work and actually having a beautiful home that you could be proud of.

This route takes a great deal of determination. It requires that you save every penny and cut back even more than you already have, however in the end it could be worth every struggle, every moment that you had to say no to something you wanted. It’s strange to think that it took the economy turning upside down to bring the American dream of homeownership back to becoming a possibility. It may not be the traditional route to home ownership, however it’s a route that has an advantage of being completely safe from foreclosure down the road.