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Im buying a nice home in southern california for $49,900

Question: Its a 15 day escrow because it is cash deal. I`ll be buying a home in cash for $49.900. It is only 10 yrs old, two bed, and 1 bath. Freshly painted;tile counter top; nice carpet; each room has a ceiling fan; ac/heating. Its on a half of acre of land which is fenced. I had a home inspector come out. He thought I really scored. He couldnt find more than 50 dollars in repairs. This house sold in 2005 for $260.000 and its in a good neighborhood. Im still wondering why $49.900? I keep trying to find a catch, but cant find any. This deal is just perfect. I guess it goes to show you that banks are giving away these homes. anyhow the transaction is tomorrow, any thoughts?
Created by: chloaoao at 07:52:15 AM, Sunday, April 12, 2009 PDT

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