Hello,

The real estate market in San Diego is split down the middle right now.

1. If a home comes onto the market in good condition at a good price, whether it is bank owned or not, expect a lot of activity on the property and multiple offers. You can expect this especially if it is bank owned. We have a client who had their offer accepted on a bank owned property where there were 27 other offers. If you are going to put in an offer site unseen, we recommend doing so in an area where you have seen enough homes to have a good understanding of the properties available.

2. If a home comes onto the market in poor condition, or good condition with a higher price, it will sit. We have found that waiting for the higher priced sellers to make sufficient adjustments requires a lot of patience.

Bottom line, we recommend that you treat this more like a business decision than an emotional purchase. It will help you keep your sanity. Lastly, gone are the days of the expression "it's a buyers market" meaning that buyers have the upper hand. Today, we tell clients it is a "be prepared market". Be pre-approved with a solid lender (not a mortgage broker), have your down payment and finances in order and be ready to moved quickly if you see something you want.

Let us know if you have any other questions.

Best regards,

Mark and Kari Shea
San Diego Real Estate Experts
Foreclosure, Short Sale & Investment Specialists,
Development Opportunities & Traditional Real Estate

Yes, All of the above can be true. You should be consulting with your agent regarding your buying strategy. They will be able to best advise you based upon your circumstances and the property areas and types of sales you are looking into.

Good Luck!

Marcie Sands, REALTOR
Simply The Best Real Estate Co., Inc.
Rancho Bernardo
760-644-1562

Dear Escondido First Time Home Buyer,

I have given this advice out a couple of times when buyers do not have time to view new listings. This is true for the most part. It is ideal of course to see properties inside before writing offers, but sometimes it's better to jump all over a good deal before everyone else does. Most properties, either bank owned or short sale, receive multiple offers, so speed is the name of the game.

Sign up on http://www.BankOwnedHomesByEmail.com and get new listings sent to your inbox and beat other buyers to the best deals

Yes it is true, Some time with tenants that are not cooperative in showing the home you would make an offer contingent on seeing the property.

Good luck,