Property Q&A in Chino Hills>Question Details

T, Home Buyer in 90604

HELP!!!Why aren't my offers getting accepted? I am offerering over list price with experienced agents,,,

Asked by T, 90604 Sat May 16, 2009

I have exellent credit, decent down payment but am getting nowhere. Not sure all this drama is worth it. I might be just as happy as a renter, no taxes, gardener bills, or maintance issues. American dream or nightmare?

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It is the same story all across the state of CA. The problem is the banks held off on foreclosing on homes from Dec to March, so this has created a low inventory. The word on the street is that more houses will be coming on the market very soon as the banks process that backlog of foreclosures and put them on the MLS as REO's.
0 votes Thank Flag Link Sat May 16, 2009
Its the American Dream to buy right now...$8,000 tax credit, low interest rates, affordable prices. Only problem, everyone's dream. There is a shortage of inventory in Chino Hills and an abundance of buyers. I feel your frustration as do the 9 buyer's I'm currently representing.
On an average we are submitting 8 offers prior to getting an acceptance. Don't give up, it will be worth it in the long run when you are kicking back on the land you own watching your equity grow. More houses will hit the market within the next 3 months. Don't beat yourself up or get attached to any house. Just keep writing those offers and the one that is meant to be will stick. Good Luck!

Geremy Yamamoto
Century 21 E-N Realty
Web Reference:
0 votes Thank Flag Link Sat May 16, 2009
Hi there, There are many other in the same boat. If you are dealing with REO's or shortsales this this is becoming a common complaint. Hve you tried ried focussing on equity sellers?
I woudkl need to know more about your situation to proivide you with some dood advice.
What does your agent thiink is the reason?

Kind Regards
Michael Barron
First Team Real Estate
(714) 552-6817
0 votes Thank Flag Link Sat May 16, 2009
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