Tara Steinke

I didn't read all responses below... but if someone hasn't mentioned it, I hate to break it, but we are in a housing shortage in many localized markets across California. Down here in San Diego (but I've seen posts that elude to similar conditions in northern CA), the first-time home buyer markets of lower priced homes is going crazy and there are multiple offers on almost everything decent within days.

I'd like to point out also... one thing that we're starting to see prevalently out there is that foreclosure and equity sales (sellers that aren't upside down... they're still out there in small numbers) are selling for significantly more than short sales. Why? Pure CONVENIENCE. Many of the San Diego localized market availability is flooded with short sales. So that golden opportunity that doesn't involve a 3 month, or longer, wait is worth extra cash to hungry buyers if they are in a position to pay more.

So for those buyers that don't have the ability to pay more, shop the short sales in numbers making multiple offers on multiple properties. And don't feel bad about doing so! Because the sellers of those properties are receiving multiple offers on their property, aren't they now? Look at properties from the stand point of "this will work for us" and not "I love it! Have to have it!" AND definitely be fully prepared to enter escrow on anything you make an offer on (or don't make an offer on it!). But I think the possibility for a better deal often lies with the short sale.

Happy shopping...
Tara

Tara Steinke
Ready to buy? I'm ready to help you.
619-384-6014
SDRealtor.Tara@gmail.com - Wed Aug 5 2009, 22:37