The newest player in the home search arena is one of the most popular online shopping sites in my household.  I guess it is also fitting that the company (named Overstock.com) would beging advertising the homes in a market like this.  It just would not have the same ring to it if they began doing this three years ago when there was barely any inventory around.  While the idea of homes advertised on a website made popular by selling cheap over stocked items and clearanced prices sounds appealing, the reality is that it is not.

 The site pulls in MLS listings and is simply a portal for clients to do their own home searches.  (I think my site is better!)  Some listings receive “O-HotValue” designations, indicating “property that may be a better relative value in this market.”  Survey says - Wrong!  I saw some of these O-Hot Values and they were simply just lowered price homes in bad condition or locations.

 So while I will continue shopping for bed sheets, towels and electronic gadgets on Overstock.com, I don’t think they can successfully sell me a home online at a discount price!