Condos for sale listed at $20,000?

I noticed on craigslist.com there are numerous cities across America with listings for condos around $20,000-$30,000. Im interested in moving to Phoenix and would love to own a condo for $20,0000. Are these listings scams or is it really possible to get a condo that cheap?

Yes, in some places in the US you can buy a house or condo that cheap (and even less that $20,000, actually)

You do have to take into consideration the location of such a dwelling. The condo could be in a out-of-the-way location, be above a nightclub, be downwind of a slaughter house or be in a less-than-desirable neighborhood.

You also have to careful of scammers attempting to steal your money by offering cheap housing. Scammers will send stolen pictures of someone else’s condo and demand you pay in cash via Western Union or moneygram.

Do you know how to check the header of a received email? If not, you could google for information. Being able to read the header to determine the geographic location an email originated from will help you weed out the most obvious scams and scammers. Then delete and block that scammer. Don’t bother to tell him that you know he is a scammer, it isn’t worth your effort. He has one job in life, convincing victims to send him their hard-earned cash.

Whenever suspicious or just plain curious, google everything, website addresses, names used, companies mentioned, phone numbers given, all email addresses, even sentences from the emails as you might be unpleasantly surprised at what you find already posted online. You can also post/ask here and every scam-warner-anti-fraud-busting site you can find before taking a chance and losing money to a scammer.

2 Responses to “Condos for sale listed at $20,000?”

  1. Buffy Staffordshire on April 13th, 2011 at 8:26 am

    Yes, in some places in the US you can buy a house or condo that cheap (and even less that $20,000, actually)

    You do have to take into consideration the location of such a dwelling. The condo could be in a out-of-the-way location, be above a nightclub, be downwind of a slaughter house or be in a less-than-desirable neighborhood.

    You also have to careful of scammers attempting to steal your money by offering cheap housing. Scammers will send stolen pictures of someone else’s condo and demand you pay in cash via Western Union or moneygram.

    Do you know how to check the header of a received email? If not, you could google for information. Being able to read the header to determine the geographic location an email originated from will help you weed out the most obvious scams and scammers. Then delete and block that scammer. Don’t bother to tell him that you know he is a scammer, it isn’t worth your effort. He has one job in life, convincing victims to send him their hard-earned cash.

    Whenever suspicious or just plain curious, google everything, website addresses, names used, companies mentioned, phone numbers given, all email addresses, even sentences from the emails as you might be unpleasantly surprised at what you find already posted online. You can also post/ask here and every scam-warner-anti-fraud-busting site you can find before taking a chance and losing money to a scammer.
    References :
    http://scam.com
    http://scamwarners.com

  2. My Take on It on April 13th, 2011 at 9:06 am

    I am sure there are condos somewhere for 20k, but these are either run or in bad neighborhoods.

    But, hey, don’t let that stop you from traveling to Phoenix and having a look at them for yourself!
    References :

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