If we had another offer, as you did, a month after the first, we would take it no questions asked. So you were very wise to get out. This is a declining market. We’ll get 10% less than our first offer now, 60 days later. No question.
Our mortgage is under $1400/mo with impounds, so it’s best to stay put until we can find a new place. I figure sellers will accept contingencies now that the market has shifted. We certainly would!
As for following CV, I’m guessing that’s because a lot of folks (including me) would love to live there. So we all hope it will crash, so we can afford to get in. If CV is hurting a bit, I’m guessing other areas will be hurt much more. I can attest to the fact that Mira Mesa has FEW FEW buyers. What, boats/RVs parked on the street & shopping carts all over the place are no longer desirable? 🙂
