Homepath Homes On Market For 1 Year

[Jim El]

Was looking to purchase my first house and was hoping to save some money buying a foreclosure. I would buy a regular home, but anything under 700k is not in the greatest neighborhoods or doesn’t have trains in the area (South Brooklyn like Marine Park and eastern Queens). I checked Zillow and Homepath and saw properties in Brooklyn and Queens that have been in the market for 10-12 months. One property has even been on the market for 2 years. They are all way overpriced for the area and have seen minimal price reductions. Are Homepath properties open to negotiatiting low ball offers when they’ve been on the market so long or do they normally just let them sit their for this long?