The length of time for it to sell will be directly related to your asking price and the home's location and condition. You could sell it in one day if you ask a low enough price and it could stay listed for years if you are asking too much. My best advice is to figure out the lowest price you are willing to sell your home at and then compare that figure to a fair market value range for the home based on your home's actual condition and location. A real estate agent can help you find comparative properties that have recently sold and you can have them set up a search for active listings that are comparable to your home as well. If your competition is listed at a much lower price than you, those homes will probably tend to sell first. Good luck!... more
No... "Shadow Inventory" is inventory that has not hit the market yet; such as preforeclosures, foreclosed properties that banks have not yet listed and or loan modifications that have gone back into some type of default.
Hope that helps.... more
the average asking price of 2 bed homes in burbank as of May 2nd was $565k (per trulia real estate guide), this includes single family and townhomes. avg price per sq ft as of dec 2006 was $529. hope this helps. If you want a true value I suggest contacting a realtor in your local area.... more