Northville Foreclosures
The Northville foreclosure market is constantly changing. A couple of years ago Northville foreclosure homes were so much cheaper and readily available. You could put a low ball bid in and hope to win the home. Some of the homes sat on the market for months. Fast forward to 2013 and you have a totally different market. Most of the foreclosures are sold under 30 days because of the lack of inventory. In 2013 if you put in a 20% below market bid you would be laughed at. You would never win the house. Many Northville foreclosures in 2012 and 2013 have gone close to list price. Some of the homes have gone over list price.
So when bidding on Northville foreclosures the key is to know what is happening in the city now. Past history from a year ago doesn't matter. What is happening now should determine how you bid.
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