Personal experiences in the market this summer

[SD Realtor]

NYer I assume you saw 4628 terraza mar marvelosa went for 1.010M…frustrating indeed.

bob007 I am not sure why. It could have to do with the ratio of cash to financing, quality of the buyer, etc… I know it can be frustrating. Also with regards to the banks you gotta be on it man…or shall I say your agent just needs to be really active pestering the listing agent to see how many offers there are and how strong yours is. The problem is that the listing agent may bs your agent. It is a poker game.

Hang in there man. It is not like you will be squeezed out forever. There is simply to much inventory right now.

[(former)FormerSanDiegan]

Why is that the highest bidder does not get the property ?

It’s not as simple as taking the best offer because the seller typically only sees one offer at a time on a property in the current market. A seller might reject an offer because they think they can get more .. but higher offers never materialize. A month or two later they sell, despite having rejected higher offers off the bat. It’s not as if all offers are received at the same time (as was more often the case in 2003-2005). Also, as mentioned above, the seller wants the sale to close and looks at indicators of the strength of the buyer (down payment amount, etc).

[(former)FormerSanDiegan]

Why is that the highest bidder does not get the property ?

It’s not as simple as taking the best offer because the seller typically only sees one offer at a time on a property in the current market. A seller might reject an offer because they think they can get more .. but higher offers never materialize. A month or two later they sell, despite having rejected higher offers off the bat. It’s not as if all offers are received at the same time (as was more often the case in 2003-2005). Also, as mentioned above, the seller wants the sale to close and looks at indicators of the strength of the buyer (down payment amount, etc).

[(former)FormerSanDiegan]

Why is that the highest bidder does not get the property ?

It’s not as simple as taking the best offer because the seller typically only sees one offer at a time on a property in the current market. A seller might reject an offer because they think they can get more .. but higher offers never materialize. A month or two later they sell, despite having rejected higher offers off the bat. It’s not as if all offers are received at the same time (as was more often the case in 2003-2005). Also, as mentioned above, the seller wants the sale to close and looks at indicators of the strength of the buyer (down payment amount, etc).

[(former)FormerSanDiegan]

Why is that the highest bidder does not get the property ?

It’s not as simple as taking the best offer because the seller typically only sees one offer at a time on a property in the current market. A seller might reject an offer because they think they can get more .. but higher offers never materialize. A month or two later they sell, despite having rejected higher offers off the bat. It’s not as if all offers are received at the same time (as was more often the case in 2003-2005). Also, as mentioned above, the seller wants the sale to close and looks at indicators of the strength of the buyer (down payment amount, etc).

[(former)FormerSanDiegan]

Why is that the highest bidder does not get the property ?

It’s not as simple as taking the best offer because the seller typically only sees one offer at a time on a property in the current market. A seller might reject an offer because they think they can get more .. but higher offers never materialize. A month or two later they sell, despite having rejected higher offers off the bat. It’s not as if all offers are received at the same time (as was more often the case in 2003-2005). Also, as mentioned above, the seller wants the sale to close and looks at indicators of the strength of the buyer (down payment amount, etc).

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