Banks are not giving deals

[Alsee Mccray]

I'm in the North East Bridgeport Connecticut to be exact. Is it me or does anyone else find that banks are not giving up deals Hud properties, Fannie Mae  and Freddie Mac,  all seem to be over priced or at market value.  it seems like the real estate market is flooded with cash buyers Everybody and there mother brother and uncle is investing in real estate.  does any body have any tips?

[Phil Z.]

They never try to give a 'good deal'.   They want market value and to sell in a reasonable amount of time.  Several years ago they wanted to assure they sold quickly, and under-priced slightly to keep the inventory moving quickly to prevent a bottleneck of too much inventory they couldn't handle.  Now it is more manageable and they list 100-120% of appraised value.