Point Loma reducing a little

[sdrealtor]

The super low interest rates appear to be gone and how many homes have you found as perfect for you as the one you passed on? By the way the person who bought it after you probably paid more than you had it in escrow for (you can confirm or contradict that). Oh yeah…they paid all cash. By now I’m sure you know how hard it is to find a great house even when price isnt so much the issue.

[CA renter]

FWIW, I’ve said numerous times over the past couple of years that if one was looking to buy with 20% or less down, especially if they were looking in areas that had already seen 35-50% declines, it was a reasonable time to buy.

For those with higher down payments/cash, or for those who have been looking to buy in the areas that lag on the downside, I’ve suggested that it was better to wait.

[CA renter]

FWIW, I’ve said numerous times over the past couple of years that if one was looking to buy with 20% or less down, especially if they were looking in areas that had already seen 35-50% declines, it was a reasonable time to buy.

For those with higher down payments/cash, or for those who have been looking to buy in the areas that lag on the downside, I’ve suggested that it was better to wait.

[CA renter]

FWIW, I’ve said numerous times over the past couple of years that if one was looking to buy with 20% or less down, especially if they were looking in areas that had already seen 35-50% declines, it was a reasonable time to buy.

For those with higher down payments/cash, or for those who have been looking to buy in the areas that lag on the downside, I’ve suggested that it was better to wait.

[CA renter]

FWIW, I’ve said numerous times over the past couple of years that if one was looking to buy with 20% or less down, especially if they were looking in areas that had already seen 35-50% declines, it was a reasonable time to buy.

For those with higher down payments/cash, or for those who have been looking to buy in the areas that lag on the downside, I’ve suggested that it was better to wait.

[CA renter]

FWIW, I’ve said numerous times over the past couple of years that if one was looking to buy with 20% or less down, especially if they were looking in areas that had already seen 35-50% declines, it was a reasonable time to buy.

For those with higher down payments/cash, or for those who have been looking to buy in the areas that lag on the downside, I’ve suggested that it was better to wait.

[CA renter]

[quote=sdrealtor]The super low interest rates appear to be gone and how many homes have you found as perfect for you as the one you passed on? By the way the person who bought it after you probably paid more than you had it in escrow for (you can confirm or contradict that). Oh yeah…they paid all cash. By now I’m sure you know how hard it is to find a great house even when price isnt so much the issue.[/quote]

Yes, there were multiple offers (at least 7, IIRC) on the house, and *at least* two of them were all-cash. The people who bought it paid $10K more than we offered, so I’m happy for the seller on that one.

Admittedly, it’s not easy to find the “exact right” house, but the optimistic sellers certainly don’t make it any easier. We could find plenty of places that would suit us, but we’d have to do a lot of modifications and/or repairs…and prices just don’t reflect that, yet. Again, I understand that other people are willing to pay the price in today’s market; it’s tomorrow’s market that I am looking forward to.

[CA renter]

[quote=sdrealtor]The super low interest rates appear to be gone and how many homes have you found as perfect for you as the one you passed on? By the way the person who bought it after you probably paid more than you had it in escrow for (you can confirm or contradict that). Oh yeah…they paid all cash. By now I’m sure you know how hard it is to find a great house even when price isnt so much the issue.[/quote]

Yes, there were multiple offers (at least 7, IIRC) on the house, and *at least* two of them were all-cash. The people who bought it paid $10K more than we offered, so I’m happy for the seller on that one.

Admittedly, it’s not easy to find the “exact right” house, but the optimistic sellers certainly don’t make it any easier. We could find plenty of places that would suit us, but we’d have to do a lot of modifications and/or repairs…and prices just don’t reflect that, yet. Again, I understand that other people are willing to pay the price in today’s market; it’s tomorrow’s market that I am looking forward to.

[CA renter]

[quote=sdrealtor]The super low interest rates appear to be gone and how many homes have you found as perfect for you as the one you passed on? By the way the person who bought it after you probably paid more than you had it in escrow for (you can confirm or contradict that). Oh yeah…they paid all cash. By now I’m sure you know how hard it is to find a great house even when price isnt so much the issue.[/quote]

Yes, there were multiple offers (at least 7, IIRC) on the house, and *at least* two of them were all-cash. The people who bought it paid $10K more than we offered, so I’m happy for the seller on that one.

Admittedly, it’s not easy to find the “exact right” house, but the optimistic sellers certainly don’t make it any easier. We could find plenty of places that would suit us, but we’d have to do a lot of modifications and/or repairs…and prices just don’t reflect that, yet. Again, I understand that other people are willing to pay the price in today’s market; it’s tomorrow’s market that I am looking forward to.

[CA renter]

[quote=sdrealtor]The super low interest rates appear to be gone and how many homes have you found as perfect for you as the one you passed on? By the way the person who bought it after you probably paid more than you had it in escrow for (you can confirm or contradict that). Oh yeah…they paid all cash. By now I’m sure you know how hard it is to find a great house even when price isnt so much the issue.[/quote]

Yes, there were multiple offers (at least 7, IIRC) on the house, and *at least* two of them were all-cash. The people who bought it paid $10K more than we offered, so I’m happy for the seller on that one.

Admittedly, it’s not easy to find the “exact right” house, but the optimistic sellers certainly don’t make it any easier. We could find plenty of places that would suit us, but we’d have to do a lot of modifications and/or repairs…and prices just don’t reflect that, yet. Again, I understand that other people are willing to pay the price in today’s market; it’s tomorrow’s market that I am looking forward to.

[CA renter]

[quote=sdrealtor]The super low interest rates appear to be gone and how many homes have you found as perfect for you as the one you passed on? By the way the person who bought it after you probably paid more than you had it in escrow for (you can confirm or contradict that). Oh yeah…they paid all cash. By now I’m sure you know how hard it is to find a great house even when price isnt so much the issue.[/quote]

Yes, there were multiple offers (at least 7, IIRC) on the house, and *at least* two of them were all-cash. The people who bought it paid $10K more than we offered, so I’m happy for the seller on that one.

Admittedly, it’s not easy to find the “exact right” house, but the optimistic sellers certainly don’t make it any easier. We could find plenty of places that would suit us, but we’d have to do a lot of modifications and/or repairs…and prices just don’t reflect that, yet. Again, I understand that other people are willing to pay the price in today’s market; it’s tomorrow’s market that I am looking forward to.

[sdrealtor]

Two of the biggest bear friends I have just bought back into the market in the last 2 weeks. Both bought homes over $1M with over 50% down. Both were very picky over what they wanted like you and both got exactly what they wanted because they both kept looking while bubblesitting for 4+ years and knew how hard it was to find something they truly wanted.

[sdrealtor]

Two of the biggest bear friends I have just bought back into the market in the last 2 weeks. Both bought homes over $1M with over 50% down. Both were very picky over what they wanted like you and both got exactly what they wanted because they both kept looking while bubblesitting for 4+ years and knew how hard it was to find something they truly wanted.

[sdrealtor]

Two of the biggest bear friends I have just bought back into the market in the last 2 weeks. Both bought homes over $1M with over 50% down. Both were very picky over what they wanted like you and both got exactly what they wanted because they both kept looking while bubblesitting for 4+ years and knew how hard it was to find something they truly wanted.

[sdrealtor]

Two of the biggest bear friends I have just bought back into the market in the last 2 weeks. Both bought homes over $1M with over 50% down. Both were very picky over what they wanted like you and both got exactly what they wanted because they both kept looking while bubblesitting for 4+ years and knew how hard it was to find something they truly wanted.

[Author]

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