[quote=SD Realtor]Right now the pq market is an absolute nightmare if you are a buyer. My advice is be prepared to come in strong or don’t bother and check in later in the summer. Denial is also creeping in. For instance the listing on el cabo will in no way will appraise for what they are asking. There is a battiata short sale on calle de villa oeste with 11 offers on it. Pretty much a joke right now in pq. Easily more sales activity there then in the past 3 years.
So in terms of a bonanza for lowballers or deal seekers, I would say inventory needs to double before anything significant can happen.I have two offers for different people in on short sales there and a recent closed sale. It is brutal now.[/quote]
Thanks SD Realtor for the valuable info. Do you believe there would be more Foreclosures or short sales (inventory) are on the way after this Fed’s mortorium on the foreclosures is over?
