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Calvin
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Calvin’s Answers (9)
Calvin answered:
Rouriel,
My agent(who is also my friend) contacted the seller's agent two days after submited the offer, the respond was "your offer must be no where close to the top offers, so you were not contacted". I just found it out that my pre approval was also from Wells Fargo.
Anyway, congratulate Mr Ma, the new owner for the great deal, at least for now.
My agent(who is also my friend) contacted the seller's agent two days after submited the offer, the respond was "your offer must be no where close to the top offers, so you were not contacted". I just found it out that my pre approval was also from Wells Fargo.
Anyway, congratulate Mr Ma, the new owner for the great deal, at least for now.
Thanks Cindi, no wonder my 620k offer did not get accept for this property, my approval was not through Wells Fargo. So whoever wants to buy REOs would have better chance if can get approval from the seller's bank, even with lower offer.
Thanks Cindi, no wonder my 620k offer did not get accept for this property, my approval was not through Wells Fargo. So whoever wants to buy REOs would have better chance if can get approval from the seller's bank, even with lower offer.
Calvin answered:
As a reference, Hong Kong's real estate bubble burst in 1997, the housing price did not hit the bottom until 2000. My guess is once the govt's rescue plan kicks in, there will be a short term bonce back when buyers can get loan easier.
Calvin answered:
I only seen San Ramon house for sale decrease from 358 to 300 in 2 or 3 weeks. Bty, 3630 montrose was sold for 610k on 8/29, while I offerred for more than that.
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