Rancho Penasquitos

[Anonymous]

We have been trying to find a house in PQ for months. Most of the ones under $500K are short sales. Any that are not short sales are sold immediately above the asking price. The last one that we put in an offer on had at least 13 offers within a few days of being listed. We lost it despite our offer being at the top of the listing range. It’s crazy!

[donaldduckmoore]

[quote=ybitz]Even the median RPQ homes (500k) are seeing a lot of activity. Why is inventory so low? It’s especially low if you consider a lot of these listings are short-sales (buyer’s nightmare).[/quote]

Are short-sale buyer’s nightmare anymore, SDR/sdr? I think the banks are cleverer these days and they will dump the houses whenever there are buyers. Am I right?

[donaldduckmoore]

[quote=ybitz]Even the median RPQ homes (500k) are seeing a lot of activity. Why is inventory so low? It’s especially low if you consider a lot of these listings are short-sales (buyer’s nightmare).[/quote]

Are short-sale buyer’s nightmare anymore, SDR/sdr? I think the banks are cleverer these days and they will dump the houses whenever there are buyers. Am I right?

[donaldduckmoore]

[quote=ybitz]Even the median RPQ homes (500k) are seeing a lot of activity. Why is inventory so low? It’s especially low if you consider a lot of these listings are short-sales (buyer’s nightmare).[/quote]

Are short-sale buyer’s nightmare anymore, SDR/sdr? I think the banks are cleverer these days and they will dump the houses whenever there are buyers. Am I right?

[donaldduckmoore]

[quote=ybitz]Even the median RPQ homes (500k) are seeing a lot of activity. Why is inventory so low? It’s especially low if you consider a lot of these listings are short-sales (buyer’s nightmare).[/quote]

Are short-sale buyer’s nightmare anymore, SDR/sdr? I think the banks are cleverer these days and they will dump the houses whenever there are buyers. Am I right?

[donaldduckmoore]

[quote=ybitz]Even the median RPQ homes (500k) are seeing a lot of activity. Why is inventory so low? It’s especially low if you consider a lot of these listings are short-sales (buyer’s nightmare).[/quote]

Are short-sale buyer’s nightmare anymore, SDR/sdr? I think the banks are cleverer these days and they will dump the houses whenever there are buyers. Am I right?

[SD Realtor]

Those buyers who are patient and understand the lengthy process and frustrations in the end, usually end up getting the house on a short sale. I have seen a few heartbreak cases where a buyer gets bamboozled at the last minute by a cash buyer.

Most of the time it is simply patience and persistence. sdr carries alot of short sales, so he can comment on his. I have two short sale listings right now that are alot of work for me but they are grinding through the system. Personally the problems I am facing are more with the seconds then the firsts but like I said they are moving along. On the buyers side I am at the mercy of the listing agent. I do believe that the listing agents on the other end of the short sales I am in for buyers do not work as hard as me. Not much I can do about it but I contact them regularly and ask them to check statuses.

The fact of the matter is that for many places, take PQ for example it is laughable. If you wanna home in that 500-600k range good luck. Go to the beach and come back in October and hopefully we will have better inventory due to foreclosures. 6 months ago was the right time to buy. I am not saying the market is going up or you will be priced out forever. Just saying that right now, unless you move hard, move fast and come in strong, be prepared to be heartbroken.

[SD Realtor]

Those buyers who are patient and understand the lengthy process and frustrations in the end, usually end up getting the house on a short sale. I have seen a few heartbreak cases where a buyer gets bamboozled at the last minute by a cash buyer.

Most of the time it is simply patience and persistence. sdr carries alot of short sales, so he can comment on his. I have two short sale listings right now that are alot of work for me but they are grinding through the system. Personally the problems I am facing are more with the seconds then the firsts but like I said they are moving along. On the buyers side I am at the mercy of the listing agent. I do believe that the listing agents on the other end of the short sales I am in for buyers do not work as hard as me. Not much I can do about it but I contact them regularly and ask them to check statuses.

The fact of the matter is that for many places, take PQ for example it is laughable. If you wanna home in that 500-600k range good luck. Go to the beach and come back in October and hopefully we will have better inventory due to foreclosures. 6 months ago was the right time to buy. I am not saying the market is going up or you will be priced out forever. Just saying that right now, unless you move hard, move fast and come in strong, be prepared to be heartbroken.

[SD Realtor]

Those buyers who are patient and understand the lengthy process and frustrations in the end, usually end up getting the house on a short sale. I have seen a few heartbreak cases where a buyer gets bamboozled at the last minute by a cash buyer.

Most of the time it is simply patience and persistence. sdr carries alot of short sales, so he can comment on his. I have two short sale listings right now that are alot of work for me but they are grinding through the system. Personally the problems I am facing are more with the seconds then the firsts but like I said they are moving along. On the buyers side I am at the mercy of the listing agent. I do believe that the listing agents on the other end of the short sales I am in for buyers do not work as hard as me. Not much I can do about it but I contact them regularly and ask them to check statuses.

The fact of the matter is that for many places, take PQ for example it is laughable. If you wanna home in that 500-600k range good luck. Go to the beach and come back in October and hopefully we will have better inventory due to foreclosures. 6 months ago was the right time to buy. I am not saying the market is going up or you will be priced out forever. Just saying that right now, unless you move hard, move fast and come in strong, be prepared to be heartbroken.

[SD Realtor]

Those buyers who are patient and understand the lengthy process and frustrations in the end, usually end up getting the house on a short sale. I have seen a few heartbreak cases where a buyer gets bamboozled at the last minute by a cash buyer.

Most of the time it is simply patience and persistence. sdr carries alot of short sales, so he can comment on his. I have two short sale listings right now that are alot of work for me but they are grinding through the system. Personally the problems I am facing are more with the seconds then the firsts but like I said they are moving along. On the buyers side I am at the mercy of the listing agent. I do believe that the listing agents on the other end of the short sales I am in for buyers do not work as hard as me. Not much I can do about it but I contact them regularly and ask them to check statuses.

The fact of the matter is that for many places, take PQ for example it is laughable. If you wanna home in that 500-600k range good luck. Go to the beach and come back in October and hopefully we will have better inventory due to foreclosures. 6 months ago was the right time to buy. I am not saying the market is going up or you will be priced out forever. Just saying that right now, unless you move hard, move fast and come in strong, be prepared to be heartbroken.

[SD Realtor]

Those buyers who are patient and understand the lengthy process and frustrations in the end, usually end up getting the house on a short sale. I have seen a few heartbreak cases where a buyer gets bamboozled at the last minute by a cash buyer.

Most of the time it is simply patience and persistence. sdr carries alot of short sales, so he can comment on his. I have two short sale listings right now that are alot of work for me but they are grinding through the system. Personally the problems I am facing are more with the seconds then the firsts but like I said they are moving along. On the buyers side I am at the mercy of the listing agent. I do believe that the listing agents on the other end of the short sales I am in for buyers do not work as hard as me. Not much I can do about it but I contact them regularly and ask them to check statuses.

The fact of the matter is that for many places, take PQ for example it is laughable. If you wanna home in that 500-600k range good luck. Go to the beach and come back in October and hopefully we will have better inventory due to foreclosures. 6 months ago was the right time to buy. I am not saying the market is going up or you will be priced out forever. Just saying that right now, unless you move hard, move fast and come in strong, be prepared to be heartbroken.

[duncbdunc]

[quote=SD Realtor]
The fact of the matter is that for many places, take PQ for example it is laughable. If you wanna home in that 500-600k range good luck. Go to the beach and come back in October and hopefully we will have better inventory due to foreclosures. 6 months ago was the right time to buy. I am not saying the market is going up or you will be priced out forever. Just saying that right now, unless you move hard, move fast and come in strong, be prepared to be heartbroken. [/quote]

Well said, SDR. Exactly my sentiment. I’m closing up shop for now. Being a buyers agent must be more than frustrating right now with all the offers you have to write (to no avail).

[duncbdunc]

[quote=SD Realtor]
The fact of the matter is that for many places, take PQ for example it is laughable. If you wanna home in that 500-600k range good luck. Go to the beach and come back in October and hopefully we will have better inventory due to foreclosures. 6 months ago was the right time to buy. I am not saying the market is going up or you will be priced out forever. Just saying that right now, unless you move hard, move fast and come in strong, be prepared to be heartbroken. [/quote]

Well said, SDR. Exactly my sentiment. I’m closing up shop for now. Being a buyers agent must be more than frustrating right now with all the offers you have to write (to no avail).

[duncbdunc]

[quote=SD Realtor]
The fact of the matter is that for many places, take PQ for example it is laughable. If you wanna home in that 500-600k range good luck. Go to the beach and come back in October and hopefully we will have better inventory due to foreclosures. 6 months ago was the right time to buy. I am not saying the market is going up or you will be priced out forever. Just saying that right now, unless you move hard, move fast and come in strong, be prepared to be heartbroken. [/quote]

Well said, SDR. Exactly my sentiment. I’m closing up shop for now. Being a buyers agent must be more than frustrating right now with all the offers you have to write (to no avail).

[duncbdunc]

[quote=SD Realtor]
The fact of the matter is that for many places, take PQ for example it is laughable. If you wanna home in that 500-600k range good luck. Go to the beach and come back in October and hopefully we will have better inventory due to foreclosures. 6 months ago was the right time to buy. I am not saying the market is going up or you will be priced out forever. Just saying that right now, unless you move hard, move fast and come in strong, be prepared to be heartbroken. [/quote]

Well said, SDR. Exactly my sentiment. I’m closing up shop for now. Being a buyers agent must be more than frustrating right now with all the offers you have to write (to no avail).

[Author]

Posts