Finally closed, on the new house in 4S ranch 92127,
It took seller about two weeks to find a replacement property, so total transaction time was about 7 weeks.
a few takeaways:
1. make sure your realtor knows if it is a PUD/condo of SFH to avoid a rate switch
2. anticipate an extra 7-10 more for lenders being backed up now
3. some sellers want a per diem if the sale is delayed, best to negotiate up front to avoid.
4. even if people (anyone is mildly annoying) always be nice, you may need them later again
5. the home we got had 10 offers on the first day
6. two homes close by sold for 11K and 43K more within weeks
7. some agents are underpricing homes and getting way above ask
8. renting out was relatively painless and quick but I think we are more responsive than most
9. rent covers payment without Mello Roos (plan to pay that off next year)
10. everything I learned during the transaction, I don’t see much in 92127 2000 sf below 1M and don’t see market softening anytime soon
11. some people are better communicators than others
