KC’s bargain homes need rich repairs, but some buyers remain undaunted

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KANSAS CITY, Mo. - More than a 130 homes are for sale, for the bargain price of one dollar, but they're going to need some work.

The house FOX 4 toured near 41st and Chestnut needs to be completely gutted.  There's mold and holes in floors and ceilings.

For some, however, the one dollar price tag is enough for them to take interest.

Ted Anderson, the Land Bank Executive Director, says most homes for sale under the land bank offer will likely need between $30,000-$40,000 of work to make them livable.

The homeowners will have four months to get the building up to code on the outside of the house, and within one year, they'll need to bring the home up to livable standards.

Clarice Cunningham says for a dollar house in the neighborhood she prefers- the renovations aren't a big deal.

"I think it would be a great opportunity for me to come in and then be able to fix this home up and raise a family here and have a chance to stay in the neighborhood," Cunningham said.

Someone has to be living in the house after one year for three years.  After the requirements are met- the homeowner will get an $8,500 rebate.

The dollar sale homes are only available until April 1st.  There's a $25 application fee and applicants must also prove they have at least $8,500 to devote to the rehabilitation.