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Redfin Staff
rachel-musiker
Posts: 114
Registered: 05-19-2010
0

Media Inquiry: Looking for a home under $80K?

We're working with a local reporter who's doing a story on home buyers searching for homes in the ranges under $80K. We've heard that despite the fact that there are lots of homes priced below this threshold, it can be hard to find an agent or a lender to help with the purchase at this price point. If you're looking in this range and would be willing to share your story, please reply to this post or email me directly at rachel.musiker@redfin.com.

 

Thank you!

Rachel Musiker | PR Specialist | Redfin

Newbie
Pursual
Posts: 2
Registered: 03-08-2012
0

Re: Media Inquiry: Looking for a home under $80K?

Still looking?

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diamond1208
Posts: 2
Registered: 04-30-2012
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Re: Media Inquiry: Looking for a home under $80K?

I am looking at homes in this price range. I have found quite a few but every offer I have submitted comes back "highest best" and the home value (appraisal) is less than the asking price. I have been out bided on a couple of homes and I submit the asking price. I follow the home and all of them I have been out bided on are back on the market. I am assuming that when the go "highest best" bids go up but they can't close because their bids are higher than the house is worth. Very frustrating. I have a guaranteed loan approval for 85,300. Still looking for home where the seller is serious about selling and not trying to get more for a home than its worth and know no lender will close on a home priced above its value. If we are trying to stabilize neighborhoods and eliminate foreclosure properties that are bringing surrounding home values down, than let us purchase!!

Regular Contributor
LeonardVice
Posts: 166
Registered: 02-18-2012
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Re: Media Inquiry: Looking for a home under $80K?

Where will be placed when someone else's share their story though?