Question : whats going on with real estate these days?
Here is what is going on, me and my gf are looking to buy a home. We are first time home buyers and are looking to buy a house or condo.
We have placed bids on about 8 places so far. We started out bidding under the asking price and soon learned that would not be even considered. So we keeped over bidding more and more.
Our price rang is $ 80k and under. The last place we looked at was a condo listed at $ 59,900 so we bid $ 74,000 asking for nothing back. So we bid $ 14k over asking. It was a foreclosure as is everything else we are looking at. We are not even bothering with short sales as we hear it will take forever and chances are very low you will get it.
We are getting very discouraged and seems we will never get anything. We are looking in Bonita Springs and Naples, Florida. If anyone has any info that may help it would be great. Thanks!
naples homes for sale

Best answer:

Answer by sassy2
Stop looking at foreclosures and just tell the realtor to find you something in your price range. Foreclosures take forever to counter offer and most times they do not bother. You are looking in the most expensive places for a bargain. Try somewhere cheaper. You will not be able to afford the property taxes. Just because you buy the house or condo at a steep discount the property tax will be on the higher assessed value. Better talk to the local tax assessor and ask.