[quote=spdrun]Lawyers I don’t mind dealing with AFTER I have an accepted offer. With the advent of the Internet, buyers’ agents are basically useless middlepeople.
And don’t give me the “transactions in CA are so complex…” – people go directly to a selling broker for NYC apartments, and those transactions are annoying and fraught with pitfalls to say the least.
spdrun, you’re sounding a lot like some other characters that have come and gone.. Like maxmax33, alex_angel, biggovernmentisgood, etc,etc,etc… Look, if you’re just looking for positive affirmation of what you already have made up your mind to.. Then by all means, anyone here isn’t going to convince you otherwise. Go right ahead, because even if anyone did have any noteworthy “advice” for you, if it doesn’t jive with what you are already thinking, it doesn’t really matter anyway. You’re coming here for presume advice that’s one thing. But if you’re coming in thinking, “well all this shit is easy because been there, done that”..Then by all means, you really don’t need any help at all.
I’m not doubting your ability nor do I necessarily question your intent. But let’s just leave it at a lot of people appear to have been living in CA a lot longer than you have. But by all means, do what you think makes the best sense of you.
Why don’t you go try and write a few offers yourself, and see where it takes you. You ask why? Folks tell you why. You don’t believe/understand why, and you think well it’s not like that in other states. Fine. Well, it’s what it is out here.
By all means, if you want to bypass all these games, find a means not to buy at retail. If you have the connections to do that, you’re gonna get a smoking deal, and you don’t have to waste your time with all this crap. Unfortunately, most of us that are looking/buying don’t have those connections.
One thing that is very certain. In SD, RE investment properties have picked up significantly since end of 2011…In many many scenarios it’s really crazy.. For an investment property at a given listed price, often times we’re seeing multiple counter cash offers, and in some scenarios few grand above asking. It’s at a point that in many scenarios, we submit offers without even looking first, because when the deal appear smoking it goes contingent by the next day. Cash offer won’t necessarily give you an edge especially if you’re thinking about something $200k or less. Because apparently there are plenty of people who make full offering price cash offers…Last time one property had 8 counter offers, and I believe 6 of them were all cash offers. That’s what you’re up against. And seriously, the likelihood of you representing yourself versus everyone else who is probably appropriately represented doesn’t look very promising because if I were a listing agent, I’d want to deal with someone I know who has a reputation for closing… But that’s just me.
Like I said, it’s not like detroit here, in which you have troves of homes that folks are begging you to buy. If something has been on the market for a long time, it’s most likely because it’s overpriced and the seller doesn’t want to budge (yet).
