Hello Perrishomebuyer....As agents I'm sure we all identify with your frustration as we are all dealing with the same problem for our buyers. Here is the problem. Within 48 hours there will be 8-20 offers on a house. 1 or 2 may be all cash, 4-6 will be Conventional Loans (buyer putting 20% down payment) and the rest will be FHA/VA Offers. The Sellers are going to take the all Cash offers more seriously than any others (especially if it is anywhere near full price). Next they will look at the Conventional Offers because these buyers are putting a significant amount of cash into the purchase. Last but not least are the FHA/VA offers. The FHA/VA loans are going to be much more rigid loans requiring the Seller to be in compliance with repairs and some closing costs that the other offers do not require. As an FHA buyer the only thing you can do is make your offer the best against other FHA offers. Some agents including myself have had luck writing offers with a higher Good Faith Dep. amount $4,000.00+ asking for lower or no closing costs to be paid on your behalf by Seller. These are things that may help you get your offer accepted. You will still need to write a lot of offers but this should help you get yours accepted if your up against other FHA offers. Good luck and just keep charging ahead because eventually it will happen for you.
Grace

You are competing with investor buyers who pay cash, in a lot of instances. Also, some first time home buyers will over bid even higher to get their offer accepted. The availability of homes is very low, so you REALLY NEED TO MOVE FAST & get your offer in as soon as possible. Acceptance of offers on REO properties (which make up the majority of listings) are at the lenders discretion, and CASH and their minimum loss is the key.

Dear Perris Homebuyer,
I'm sure that your agent is doing a great job for you. The problem is the lack of inventory and low prices. With so few houses on the market and the low cost for the value in Perris, Moreno Valley and Riverside we have a very heated seller's market. It is not uncommon for a well priced home in these and other inland areas to receive 30+ offers the day they hit the market. Add to this the cash buyers that have flooded the market and it makes getting an FHA offer accepted a bit of a challenge.
Notice I said a challenge and not impossible. It IS still possible to buy a house with an FHA loan.
You and your agent just need to write the offer as strong as you can. Strategize with him/her and decide what areas could be stronger to help you compete against other offers.

I hope this helps!

Micki