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Why is this house so cheap??

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MegZee
My bunny

Member since 5/06

8777 total posts

Name:
Meaghan

Why is this house so cheap??

linky poo

$273 in Lake Ronkonkoma.....looks pretty decent.

It doesnt list a SD - what SD could it be other than sachem?

I am the ultimate pessimist, i must find the flaw!

Posted 6/19/06 8:59 PM
 
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AimeeE2006
Time flies!

Member since 1/06

5698 total posts

Name:
Aimee

Re: Why is this house so cheap??

I think the house is a lot smaller then it appears to be.

Posted 6/19/06 9:05 PM
 

-Lisa-
---------------

Member since 5/05

6530 total posts

Name:
Lisa

Re: Why is this house so cheap??

its an auction listing

"Open House 6/11/06 From 2 -4 Live Online Auction Register Your Buyers On Www.Realtybid.Com All Offer Subject To Bank Approval Of Short Sale

Sealed Envelope Bid,Highest Bidder.Reserve Met, And Bank Approval A Must.Owner Not Obligated To Sell"

It was originally listed for $439K Chat Icon

Posted 6/19/06 9:06 PM
 

Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: Why is this house so cheap??

it could be connequot?

but I wouldn't say that worse then sachem

all the ceilings are slanted- I bet its tiny

Posted 6/19/06 9:07 PM
 

AimeeE2006
Time flies!

Member since 1/06

5698 total posts

Name:
Aimee

Re: Why is this house so cheap??

Posted by -Lisa-

its an auction listing

"Open House 6/11/06 From 2 -4 Live Online Auction Register Your Buyers On Www.Realtybid.Com All Offer Subject To Bank Approval Of Short Sale

Sealed Envelope Bid,Highest Bidder.Reserve Met, And Bank Approval A Must.Owner Not Obligated To Sell"

It was originally listed for $439K Chat Icon



Well that explains it a little bit more.

Posted 6/19/06 9:08 PM
 

MegZee
My bunny

Member since 5/06

8777 total posts

Name:
Meaghan

Re: Why is this house so cheap??

Posted by -Lisa-

its an auction listing

"Open House 6/11/06 From 2 -4 Live Online Auction Register Your Buyers On Www.Realtybid.Com All Offer Subject To Bank Approval Of Short Sale

Sealed Envelope Bid,Highest Bidder.Reserve Met, And Bank Approval A Must.Owner Not Obligated To Sell"

It was originally listed for $439K Chat Icon



wow, they fail to mention that on MLS...hmm..

this is the 5th house I have seen they are doing this auction/bidding war thing.

and this reserve [email protected] isnt ebay!!! (list it there!!)

Posted 6/19/06 9:10 PM
 

fabrichick
LIF Adult

Member since 5/05

2479 total posts

Name:

Re: Why is this house so cheap??

this is the new thing
my friend's mom did the auction thing and it sold in south merrick in 1 day
they got their price & then some and made more $ b/c they didn't use a broker

Posted 6/19/06 10:56 PM
 

Jenziba
?

Member since 5/05

6265 total posts

Name:
Jennifer

Re: Why is this house so cheap??

It looks kinda small...

Posted 6/19/06 11:14 PM
 

Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: Why is this house so cheap??

I think they are nuts asking $439K - and I don't get the acution thing

Posted 6/19/06 11:19 PM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Why is this house so cheap??

Posted by Beth1210

I think they are nuts asking $439K - and I don't get the acution thing

proving yet again how some homeowners are in denial about this new market Chat Icon

Posted 6/20/06 8:42 AM
 

Ang-Rich
Beyond Compare

Member since 5/05

17988 total posts

Name:

Re: Why is this house so cheap??

Posted by Beth1210

it could be connequot?

but I wouldn't say that worse then sachem



What does that mean? Chat Icon

Posted 6/20/06 9:07 AM
 

Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: Why is this house so cheap??

Posted by Ang-Rich

Posted by Beth1210

it could be connequot?

but I wouldn't say that worse then sachem



What does that mean? Chat Icon



it's another school district for the area- my parents taught there- it's good- Megahan was wondering what else it could be besides sachem

does that make sense? b/c I am not sure I am explaining it right

Posted 6/20/06 9:18 AM
 

Ang-Rich
Beyond Compare

Member since 5/05

17988 total posts

Name:

Re: Why is this house so cheap??

Yup Yup - I gotcha now...thanks! Chat Icon

Posted 6/20/06 9:27 AM
 

ODonnell
.

Member since 9/05

5983 total posts

Name:

Re: Why is this house so cheap??

Posted by Beth1210

I think they are nuts asking $439K - and I don't get the acution thing



Auctions have been the way to go in Europe for many years. Usually it's the more expensive homes that are auctioned and it's usually through a real estate broker, but I think this is some kind of online real-time bidding. There's always someone coming up with a new schemeChat Icon

Posted 6/20/06 9:30 AM
 
 

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