I think there’s pent up demand for all homes in all areas IF the price is right. I’ve seen houses in Mira Mesa, which most on here think is a crappy area, getting multiple offers, when it was priced aggressively. They were small houses in the 1200-1400 sq-ft range priced in the low to mid 300k range and get snapped up pretty quickly. With 30 year fixed and 20% down, PITI would be around $1700/month. The rent on this type of place would easily fetch 1700-1900/month depending on the interior quality.
sdr, you must be one hell of a negotiator if you can get a listing priced @ 350k to take an offer @ 275-290k. Too bad your client snoozed on such a deal.
