Several days ago I showed a cute little home that was bargain basement priced in the low $100,000's. It was small but well maintained and situated on a nice street in Oakland's San Antonio area. The price seemed too good to be true, sure the living room and kitchen were a little dark due to the close proximity of the house next door but we couldn't find a real issue with the home....at first.
As we walked through the living room, suddenly, we heard banging and the booming bark of a huge dog. A very large pit bull was protecting the narrow walkway between his home and the one we were inside of by barking angrily and throwing himself against the living room window. After uncovering the secret behind the low price, we gave our new friend the satisfaction of a job well done and left.
Sometimes the flaws of a bargain home aren't so obvious. This SFGate article is a must-read for home buyers seeking a bargain in the Bay Area. It offers great advice on evaluating homes, particularly older homes and homes that have been sitting on the market.