[quote=lpjohnso]The real estate market seems to be on fire right now. Just talked to a realtor yesterday about one of their listings on 1/2acre. 6 offers in the 1st week. All cash offer was excepted over $50,000 asking price. He said it was fortunate it was a cash offer because the place would’ve never appraised for that much.[/quote]
I’d say this is a good argument for NOT buying in Temecula right now.
The main reason to buy somewhere like Temecula is value. If you’re not getting great bang for the buck, I don’t see a great reason to pull the trigger on buying a place there.
