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0047 Rock House Road
Dryden, TX 78851
Roy Sawyer with Muniz Realty Llc, original listing - (956) 682-5254
$120,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
In Terrell County, in Dryden, TX. For Sale is 98.686 acres of Edwards Plateau and gently rolling Chihuahuan Desert providing habitat and rangeland for wildlife and livestock. Rock House Ranch is located in the southeastern part of Terrell County on the North side of US Highway 90 just 24 miles west of Langtry, Texas and 12 miles east of Dryden, Texas. There is a community water well accessible by all land owners. Drilling a well in the area is possible & done often. The incredible Chihuahuan Desert provides habitat and rangeland for wildlife and livestock that include whitetail Deer, mule Deer, aoudad, turkeys, javelina, wild hogs, quail, dove, and a variety of many other predators. To the south, across the Rio Grande River, the view is a stunning panorama of the Sierra Madre Mountains in Mexico. The rolling terrain is accented by two tributary drainages of Cedar Creek & Malvado Canyon making it an a beautiful & relaxing part of the country
Property Information
Lot Size
98 acre(s) square ft
Property Type
Land-Other
Year Built
--
MLS Number
--
Location
Address
0047 Rock House Road
City
Dryden
State
TX
Zip Code
78851
County
TERRELL
Listing
Name
Phone
(956) 878-8154
Office Name
Office Phone
(956) 682-5254
Agent Name
Roy Sawyer
Agency Phone
(956) 682-5254

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.