Follow-up answer. 20802 Mission was listed for $540k and closed escrow 1/8/2013 for $580k. House/condo inventory is low, interest rates are low, Huntington Beach is in high demand as are many other O.C. cities.
Pricing are going up (Mission is a perfect example) and will continue to go up in 2013. Hurry and buy!... more
The good thing about your situation is the seller would most likely not ask for backup offers if the seller didn't feel there was a good chance the offer in hand might blow up or go away. Generally, if you're the second person in line, you might very well end up buying that home. But I can understand your reluctance to make a backup offer. Nobody wants to play second fiddle except second fiddle players.
A backup offer needs to be signed by all parties to the contract to be effective. Sellers can sign more than one backup offer providing the seller makes the position of each party known. For example, you could be in #3 or #4 position if there are four backup offers. Ideally, you want to be in #2 position.
714 655 6106
DRE 01304438 NMLS 333608... more
Because some sites do not have live feeds to the Multiple Listing Service (the service paid by brokers through the real estate board to list homes for sale). For Example my site has a live direct feed to the Multiple listing service. With out getting to technical I pay extra to have the data feed dump into my site daily. I costs a lot extra for that.
So for example if you find a home on lets say zillow and it has an MLS# you can verify if it is actually on the Multiple Listing Service as an Active sale by cutting and pasting that number to my site, if it doesn't come up it's because it is pending sale, in back up offer, cancelled, with drawn, expired or sold.
You don't have to have the MLS # to find homes for sale, you can just do a search based on what you are looking for, but if you run across a home somewhere else on the net, this is a quick and easy way to make sure the home is actually on the market for sale and active on the Multiple Listing Board. Trulia is better about updating their site, but I have properties I sold 3 years ago showing up on Zillow, and people calling me on it. I hope this makes sense and helps you.
In case you want to test out my site here it is http://www.clickhomesnow.com
Happy House Hunting!... more