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What can you buy for $40,000?

  • What can you buy for $40,000?

    This home in Canton, N.C., is nestled on the edge of the Great Smoky Mountains outside Asheville. While the home is old -- it was built in 1913 -- it has four bedrooms, nearly 2,000 square feet of space and hardwood floors, and it sits on an acre with mountain views. Two years ago, it was on sale for almost $80,000, but you can get it now for $39,900. But you might want to add another bathroom -- this house only has one.

  • Ilyce Glink On Twitter»

    Ilyce R. Glink is an award-winning, nationally syndicated columnist, best-selling book author, and radio talk show host who also hosts "Expert Real Estate Tips," a Internet video show. She owns as well as Think Glink Media, a privately held company that provides consulting, content and video services to companies and non-profit organizations.