Yeah I did have a client who put an offer on this home as well. Those guys at Cal Prop Investments are a**holes. Half of the time they don’t answer the phone and when they do they are all haired out. They did not counter anyone and simply went with the highest and best. I would imagine the home will go for at least 475k and won’t be surprised if it touches 500k. They went pending Friday morning last I checked….
I have several clients who are getting quite frustrated at the situation where they find a good looking deal only to find it has many offers on it and the listing agent is simply collecting offers. Many, seriously, many many of the short sales listed at what looks like reasonable pricing are all sitting with offers at the lender under review.
The good news is that in the long run these will bring the comps down.
