So far I have not. I have two in escrow right now and am holding my breathe so I will let you know. Had 4 in September that closed okay but one of them (the lender) did a final review that held things up for a week AFTER loan docs were signed. The problem with that was that it was a relo and they wanted to make sure the buyers had been employed here for sure. So they waited to see the first pay stub after employment here in San Diego.

I do think potential buyers are stepping back after the past few weeks of downside activity. It seems perfectly logical.

So far I have not. I have two in escrow right now and am holding my breathe so I will let you know. Had 4 in September that closed okay but one of them (the lender) did a final review that held things up for a week AFTER loan docs were signed. The problem with that was that it was a relo and they wanted to make sure the buyers had been employed here for sure. So they waited to see the first pay stub after employment here in San Diego.

I do think potential buyers are stepping back after the past few weeks of downside activity. It seems perfectly logical.

So far I have not. I have two in escrow right now and am holding my breathe so I will let you know. Had 4 in September that closed okay but one of them (the lender) did a final review that held things up for a week AFTER loan docs were signed. The problem with that was that it was a relo and they wanted to make sure the buyers had been employed here for sure. So they waited to see the first pay stub after employment here in San Diego.

I do think potential buyers are stepping back after the past few weeks of downside activity. It seems perfectly logical.

[quote=SD Realtor]I do think potential buyers are stepping back after the past few weeks of downside activity. It seems perfectly logical. [/quote]

‘specially if they had their down payment in the stock market.

[quote=SD Realtor]I do think potential buyers are stepping back after the past few weeks of downside activity. It seems perfectly logical. [/quote]

‘specially if they had their down payment in the stock market.

Not that brilliant of a statement dude.

Any potential homebuyer that has (or shall I say had) down payment in the stock market is an idiot.

The threat of layoffs is a much larger deterrent.

Poll anyone here (and there are many future homebuyers) about where they have the downpayment money stashed and I will be surprised is any of them say, “I had it in the stock market.”

Not that brilliant of a statement dude.

Any potential homebuyer that has (or shall I say had) down payment in the stock market is an idiot.

The threat of layoffs is a much larger deterrent.

Poll anyone here (and there are many future homebuyers) about where they have the downpayment money stashed and I will be surprised is any of them say, “I had it in the stock market.”