Home Selling in 15210>Question Details

Joyce Davis, Home Seller in 15210

Does the city buy houses?

Asked by Joyce Davis, 15210 Fri Aug 10, 2007

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9
Cities do buy apartment complexes and sometimes houses but they veer towards larger buildings. But the only reason they usually start doing that is if they need to redevelop the area or provide more affordable housing without building from scratch. However, I know in the Bay Area it is a very complex and drawn out process to apply for the city to consider the property to purchase since they do not purchase many at all.

Every city though has different guidelines on how they approach affordable housing and redevelopment areas so it would be best if you checked with your housing department for your city or county to get more detailed information. I see your zip code is in Pittsburgh, so I provided a link below to go to the housing department's website for your area.
Web Reference: http://www.hacp.org/
1 vote Thank Flag Link Fri Aug 10, 2007
Does the city buy homes from residents
0 votes Thank Flag Link Tue Jun 26, 2012
Sometimes....can you be a little more specific.

Sometimes for revitalization efforts, sometimes to expand streets or other public works.
0 votes Thank Flag Link Tue Aug 21, 2007
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
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The cities desire to purchase houses in redevelopment areas of the city or in the case of eminant domain.
Web Reference: http://pamwinterbauer.com
0 votes Thank Flag Link Fri Aug 10, 2007
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
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Joyce, your profile says you are a home seller. Are you thinking that the city might buy your home?
In most cases the purchase price is probably not going to be any greater than if you sold it to a "normal" buyer.

May i ask why you are wondering about this type of sale?
0 votes Thank Flag Link Fri Aug 10, 2007
Keith Sorem, Real Estate Pro in Glendale, CA
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They do on occassion....are you familar with eminent domain? What city specifically? I am curious as to the specific nature of your question.
Web Reference: http://www.cindihagley.com
0 votes Thank Flag Link Fri Aug 10, 2007
Cindi Hagley, Real Estate Pro in Pleasanton, CA
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Interesting question. The city usually is not inthe market to purchase homes unless it is a redevelopment area of the city or maybe an eminant domain.
Web Reference: http://pamwinterbauer.com
0 votes Thank Flag Link Fri Aug 10, 2007
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
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Too open-ended. More detail.
0 votes Thank Flag Link Fri Aug 10, 2007
Just like with any property if the city, government needs the property to grow or build, they will buy it. In what capacity do you mean?
0 votes Thank Flag Link Fri Aug 10, 2007
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