Crazy RE prices, but still on the market??

[Alison Buckley]

Hi Everyone--

I'm new here, as well as with investing/wholesaling. I have been going through the listings in my area (CT) and there are areas that the REO homes are listed for 12-25K, but they have been on the market for a really long time with no buyers in sight.

Granted, they are not in the nicest areas, and they may have copper missing, but aren't these the very issues that rehabbers address all the time?

My question is, with prices like this, why are these homes still on the market? Any insight you can provide would be greatly appreciated.

Have a great night!
Alison