In today's market, with loans changing daily, many homes that are pending one day are back to active the next. Your agent can put this property on their watch list and they will be notified the minute this happens, if it happens. And most listing agents are happy to take a backup offer, just in case.
It is a little surprising, with all the inventory on the market in the San Diego area, you cannot find a similar property that is not pending. If the area is particularly desireable and the available inventory is low or just not there, this may call for your agent to go beyond the common practice of just checking the MLS. Have your agent market specifically for you. They send letters to homeowners in the area you like and let them know that they have a ready, willing, and able buyer for their property. You might find a homeowner, who perhaps is struggling with their mortgage, or has been thinking about selling but heard that they should hold off and not compete with the current higher than normal inventory. They may welcome you as a buyer. Think outside the box and Dare to Dream.
Real Estate Consultant
RE/MAX Palos Verdes Realty