It's no secret that I don't particularly like my apartment. Obviously it's been fine enough to keep me there for the past two years, and it's fine enough to keep me there for another year or so, but I am still obsessed with owning a real house. The thought of having closet doors that aren't metal, bathroom mirrors in which I can actually see myself, and a real yard is really dreamy. But with the real estate market being what it is here in D.C., I have to obsessed with owning a real house in some place other than D.C. However, my real estate biz mom recently told me about HUD homes. I started looking at them on Tuesday and haven't stopped since. A house in Baltimore for only $20,000?! Are you kidding?! So what if its roof is falling apart, the toilet is missing, and there's no garage door?! Just kidding. I only slightly care about those things. And here's the kicker: if you are a policeman, EMT, or a teacher, you can buy one of these properties in a "revitalized area" and save 50%.
Problem is, I don't know anything about buying HUD homes. I know that they are sold "as is" with no warranty. I know that you have to use a real estate agent to place the bid. I know that some of them have severe problems. But other than that, does anyone have any experience with them? Should I be scared to buy one of them? Or is this an option that we should seriously consider? Help!