Open House Reviews | Open House New York » foreclosures

why is there not a large inventory of homes for sale?

Admin — Sat, 29 May 2010 16:29:31 +0000

On the vvmls site there is only 1 active regular sale to see. All the others are either contingent on short sales. I don’t understand how this can be when there are so many foreclosures & empty houses out there. We are trying to buy a home yet every time a home is finally listed & we put a bid on one we are going against tons of other bids. A house we bid on last week had 42 offers. Are they just waiting to release a lot of houses all at once?

best website to search for homes for sale?

Admin — Mon, 17 May 2010 21:19:35 +0000

What is the best web site to search for homes for sale? I want to find regular, short and foreclosures. I don’t want to pay for site use either.

Are foreclosed homes almost a different market than typical homes for sale?

Admin — Thu, 29 Apr 2010 18:40:36 +0000

I’m browsing real estate sales in my area and in the same neighborhood you might see widely different prices on homes sold recently.

I’m guessing that the really low prices are foreclosures and the not so low prices are typical home sales. Is this the case? If so, this gives some hope to those trying to sell their home for a more reasonable price.

If not, then I’m trying to figure out what can cause such a drastic disparity. For example, two virtually identical homes in the same neighborhood sold within days of each other: one at 5k and one at 5k.