32 offers or more in 3 days on a single property

[Anonymous]

I like how on the 4th picture on the far right you can tell the door is smashed to bits. I wonder what condition the place is really in since they only would show the best parts of the house.

[donaldduckmoore]

The result is so expected. We just have too many buyers still in San Diego that are waiting to buy.

[donaldduckmoore]

The result is so expected. We just have too many buyers still in San Diego that are waiting to buy.

[donaldduckmoore]

The result is so expected. We just have too many buyers still in San Diego that are waiting to buy.

[donaldduckmoore]

The result is so expected. We just have too many buyers still in San Diego that are waiting to buy.

[donaldduckmoore]

The result is so expected. We just have too many buyers still in San Diego that are waiting to buy.

[jpinpb]

I noticed that the bank owned ones sit on the market for a LONG time. The banks seem unwilling to budge. I guess they’d rather the place sit empty until they get their price. But I have real trouble understanding their logic. Everything I read seems to indicate the real estate market will be suffering for the next year or two, maybe longer. You would think the bank would just cut their losses. I can understand holding on if you think the market is going to get better, but when people are just walking away and inventory rising and prices coming down and credit tightening, it blows my mind that they wait longer.

Example
This place is a short sale on the market since 09/13/2007.

http://www.sdlookup.com/MLS-076073308-10254_Wateridge_Cir_213_San_Diego_CA_92121

[jpinpb]

I noticed that the bank owned ones sit on the market for a LONG time. The banks seem unwilling to budge. I guess they’d rather the place sit empty until they get their price. But I have real trouble understanding their logic. Everything I read seems to indicate the real estate market will be suffering for the next year or two, maybe longer. You would think the bank would just cut their losses. I can understand holding on if you think the market is going to get better, but when people are just walking away and inventory rising and prices coming down and credit tightening, it blows my mind that they wait longer.

Example
This place is a short sale on the market since 09/13/2007.

http://www.sdlookup.com/MLS-076073308-10254_Wateridge_Cir_213_San_Diego_CA_92121

[jpinpb]

I noticed that the bank owned ones sit on the market for a LONG time. The banks seem unwilling to budge. I guess they’d rather the place sit empty until they get their price. But I have real trouble understanding their logic. Everything I read seems to indicate the real estate market will be suffering for the next year or two, maybe longer. You would think the bank would just cut their losses. I can understand holding on if you think the market is going to get better, but when people are just walking away and inventory rising and prices coming down and credit tightening, it blows my mind that they wait longer.

Example
This place is a short sale on the market since 09/13/2007.

http://www.sdlookup.com/MLS-076073308-10254_Wateridge_Cir_213_San_Diego_CA_92121

[jpinpb]

I noticed that the bank owned ones sit on the market for a LONG time. The banks seem unwilling to budge. I guess they’d rather the place sit empty until they get their price. But I have real trouble understanding their logic. Everything I read seems to indicate the real estate market will be suffering for the next year or two, maybe longer. You would think the bank would just cut their losses. I can understand holding on if you think the market is going to get better, but when people are just walking away and inventory rising and prices coming down and credit tightening, it blows my mind that they wait longer.

Example
This place is a short sale on the market since 09/13/2007.

http://www.sdlookup.com/MLS-076073308-10254_Wateridge_Cir_213_San_Diego_CA_92121

[jpinpb]

I noticed that the bank owned ones sit on the market for a LONG time. The banks seem unwilling to budge. I guess they’d rather the place sit empty until they get their price. But I have real trouble understanding their logic. Everything I read seems to indicate the real estate market will be suffering for the next year or two, maybe longer. You would think the bank would just cut their losses. I can understand holding on if you think the market is going to get better, but when people are just walking away and inventory rising and prices coming down and credit tightening, it blows my mind that they wait longer.

Example
This place is a short sale on the market since 09/13/2007.

http://www.sdlookup.com/MLS-076073308-10254_Wateridge_Cir_213_San_Diego_CA_92121

[sdrealtor]

I think occurences like this are hard for real estate bears to comprehend. There is lots of pent up demand at various price ranges which prevent a free fall in prices anywhere that is desireable and well located. Declines take time because there are folks waiting and watching every step of the way the down. How many there are is anyone’s guess. But what likely ended up being 50 offers on a single property in the face of an awful market is wake up call for anyone expecting massive declines soon in relatively desiareable areas.

[sdrealtor]

I think occurences like this are hard for real estate bears to comprehend. There is lots of pent up demand at various price ranges which prevent a free fall in prices anywhere that is desireable and well located. Declines take time because there are folks waiting and watching every step of the way the down. How many there are is anyone’s guess. But what likely ended up being 50 offers on a single property in the face of an awful market is wake up call for anyone expecting massive declines soon in relatively desiareable areas.

[sdrealtor]

I think occurences like this are hard for real estate bears to comprehend. There is lots of pent up demand at various price ranges which prevent a free fall in prices anywhere that is desireable and well located. Declines take time because there are folks waiting and watching every step of the way the down. How many there are is anyone’s guess. But what likely ended up being 50 offers on a single property in the face of an awful market is wake up call for anyone expecting massive declines soon in relatively desiareable areas.

[sdrealtor]

I think occurences like this are hard for real estate bears to comprehend. There is lots of pent up demand at various price ranges which prevent a free fall in prices anywhere that is desireable and well located. Declines take time because there are folks waiting and watching every step of the way the down. How many there are is anyone’s guess. But what likely ended up being 50 offers on a single property in the face of an awful market is wake up call for anyone expecting massive declines soon in relatively desiareable areas.

[Author]

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