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It may be just a regular rental, but I've also seen some that are listed intended for rent-to-own. But either way, the price you see is the monthly rent price.
As for the original question: I'm not clear as to whether it's why are there a few homes for sale at very low price or why are there only a few homes for sale at very low price.
Because housing price is not uniformly distributed. It is "close" to normal (in probabilistic sense). Therefore, you will have fewer houses at the two tail of the distribution (lower and upper side).
Because housing price is not uniformly distributed. It is "close" to normal (in probabilistic sense). Therefore, you will have fewer houses at the two tail of the distribution (lower and upper side).
Are you saying that there will be fewer homes on the more expensive side, and more homes on the less expensive side?
If yes, then I agree, because there are more people who can afford to buy the less expensive housing, and fewer people who can afford to buy the more expensive homes.
Are you saying that there will be fewer homes on the more expensive side, and more homes on the less expensive side?
If yes, then I agree, because there are more people who can afford to buy the less expensive housing, and fewer people who can afford to buy the more expensive homes.
Since price can't be negative, I should have said that it is skwed to the right and, in fact, price often times has a log-normal distribution. In other words, if I find the logarithm of housing prices and plot, I would get "close" to the nice bell curve.
Are you saying that there will be fewer homes on the more expensive side, and more homes on the less expensive side?
.
The most homes will be priced at what middle class employed persons can afford. They are built specifically for the market. Then there will be a fairly large number of cheaply built houses in less desirable neighborhoods that are for landlords and the blue collar workers to buy.
The majority of houses will be priced at fair market value, which varies by the type of house and location. There will be a few houses over-priced for what they are and those probably won't sell. There will be very few houses vastly under-priced for what they are and those will sell almost immediately and perhaps with bidding wars.
The majority of buyers will have to pay whatever fair market value is for the type of home they are buying.
I'm not even quite sure what the OP is trying to find out.
As for the original question: I'm not clear as to whether it's why are there a few homes for sale at very low price or why are there only a few homes for sale at very low price.
The OP is from India. I presume that English is not his native language.
He wrote: "Why few homes are for sale at very low price?
He meant to write: Why are some homes offered for sale at a very low price?
In this case, the unit is for rent and not for sale.
1. There is no MLS # shown.
2. The rental found by manderly6 has the same photos as the one supposedly for sale.
This is the result of a lazy rental agent dropping incorrect data into Zillow.
And, given that it is Tampa, you might actually be able to buy the entire building for $2400.
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English, not native language
