Buying A Home In These Areas Can Get You An Actual Discount
Homes advertised as a bargain aren’t necessarily a good deal. Only 55 of the 100 biggest U.S. housing markets where properties described as a “bargain” are actually listed for a lower price. In general, homebuyers in faster-appreciating and expensive markets can expect smaller discounts on bargain properties. This is due to the fact that in tighter markets, sellers don’t need to offer as many concessions – price or otherwise – when demand outstrips supply. However, in cooler markets with slower home price appreciation, the opposite is true. Buyers in such markets can be much pickier with the characteristics of their properties, so sellers are much more likely to offer discounts, accommodations, and concessions to prospective homebuyers.
via http://www.slideshare.net/Trulia/where-buying-a-home-is-really-a-bargain and http://www.trulia.com/blog/trends/