The city has previously offered hundreds of homes for $1 each, though sales were low due to the extreme repair needs.
$1 houses often come with "liens" (unpaid property taxes or utility bills) that the new owner becomes responsible for. Comparison of Major $1 House Opportunities Primary Requirement Major Hidden Cost Italy (various towns) Complete renovation in 3 years ~$20k–$100k+ in repairs Baltimore, MD Proof of funds for renovation High construction costs St. Louis, MO Must live in the house (owner-occupant) Extensive gut-rehab needed Historic McAfee House (GA) Must physically move the structure $20k+ for house relocation buy a house for $1
A refundable security deposit of around €5,000 is also usually required. The city has previously offered hundreds of homes