The Story of the $10 Montclair Mansion with No Offers

Normally, Good Housing is a Challenge

Anywhere in the New York metro area, finding a quality home at an affordable price is going to be a serious challenge for even the most experienced of consumer buyers. Regardless of how good one is at finding the best deal, the New York metro region is well known for breaking even the best. With a median home price over $340,000, being the mid-point between the higher and lower priced homes, homes in the were automatically pricing out certain parts of the market. However, the demand was not expected to weaken anytime soon either. In fact, the story was pointing in the opposite direction going higher. Thus, when a home suddenly was listed for a measly $10, eyebrows flew off of people’s foreheads. And flocked to the home they did. That said, it remained listed and didn’t get one single offer for a purchase.