Seems you have fallen into a typical trap online. Many bargain hunters seem to believe that if they just dig hard enough online, they will stumble upon some "secret" source of deals. Of course, some RE data sites perpetuate this fantasy by serving up outdated or even outright fabricated data. I've had people contact me thinking they could buy a "foreclosure they saw on RealtyTrac" in an SF neighborhood of Million$ homes for $200k?!? The property address they had had NOT even had an actual foreclosure action taken against it, regardless of price!
This is just simply not reality. Do "deals" happen? Yes, but it's not so easy or simple. Folks need to ask themselves: "Do you really think there is property out there in play that is NOT known by the many experienced investors & broker/agents who do this FULL TIME everyday?"
For most players, even very experienced ones, finding a very competent agent who does this full-time, knows the market, has access to info you likely don't, and has done hundreds of transactions is a smart & effective choice to make. Of course that may sound like I'm just "talking my book", but it really is accurate. Internet tools haven't dis-intermediated experienced brokers & agents yet! :)
Here's the real deal on this area/type you are looking at:
- 3 condos available @ $195k, $450k, $949k
- 21 condos already snapped up and in contract from $60k to $470k w avg days on mkt of 36
- However, lower priced deals get snapped up quick esp REO. And REO props are not always handled in the most honest, transparent fashion. To have a fighting chance there, you really need an agent who knows how to fight for your offer even being submitted to the bank.
Anyway, hope this helps. And of course, if you found value here, you are welcome to contact me for assistance in moving your objectives forward.