Friday, May 10, 2013

Creative Home Buying Solutions? Is a Lottery the Way to Go?



Real estate professionals look for creative ways to get home buyers into homes. With inventories remaining low and demand high, a lottery is an alternative way...not sure this is the best solution...

Demand among homebuyers is so high in some parts of the country that builders are holding lotteries to decide who gets to purchase homes in their developments.

O'Brien Homes started holding a monthly housing lottery for its 228-unit development called Fusion in Sunnyvale, Calf., after seeing throngs of prospective buyers camp out at the openings of other new condo complexes in the area.

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