Coop out of 5 buyer side closings in the past 5 weeks, the breakdown is as follows, one that is keeping the existing home and simply wanted another one in a neighborhood where they have been looking at for a long time, one who has owned in other states and has now purchased out here. That person does live here and has been out here awhile, one who has owned property before and currently owns a home been who has downsized, one who has relocated from Atlanta and has previously owned a home out there and one buyer who has previously owned a home in Sacramento and who now lives out here as well.
CA one last thing, you also may sometimes see price bumps on short sales because the initial offer was processed by the negotiator and declined and the negotiator said we will not even look at something under x$. Now, I have also heard of listing agents be very diligent push back on the negotiators and show them comps that do not justify the negotiators position. Sometimes the lender gives in and sometimes they do not.
