11 offers in a few weeks seems a bit out of whack. Seems undiscerning but could just be motivated. Still, in those two areas there only 500 places for sale sub million ranging from mobile homes to fourplex.
[quote=bearishgurl][quote=treehugger]Spoke with another buddy who is trying to buy in Chula Vista or La Mesa area, he has put in 11 offers in the last few weeks.
I am so glad I am not looking to buy a house right now![/quote]It sounds to me like your “buddy” has been lowballing. After 11 offers, it seems to me that he should have had at least 4 counter offers and possibly 1-2 acceptances by now.
Either that, or his mortgage qualifcations aren’t the best.
There is a LOT of inventory in Chula Vista currently for sale (if you count the newish areas with MR/HOA). Perhaps he doesn’t want a property with MR/HOA? If so, then yes, current (SFR) inventory in CV will be limited for him, just like LM (which doesn’t have MR).[/quote]
