$150,000 Over List Wasn’t Enough?

by | Sep 23, 2020 | Bidding Wars, Frenzy, Jim's Take on the Market | 3 comments

Hard to explain how we can lose when offering $150,000 over list, and looking for an answer didn’t help:

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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3 Comments

  1. Rob_Dawg
    Rob_Dawg on September 25, 2020 at 8:41 am

    You think they shopped your bid?

    The other possibility was that the house isn’t for sale but one of the couple needed a market number to buy out the other’s half.

  2. Jim the Realtor
    Jim the Realtor on September 25, 2020 at 9:04 am

    You think they shopped your bid?

    Well, I wouldn’t blame them for shopping it around – I just find it hard to believe that somebody beat it.

  3. Intelligent yet idiot
    Intelligent yet idiot on September 26, 2020 at 2:23 pm

    Hey Jim,
    I wonder what’s your take on the San Diego-Chula Vista-Carlsbad, Stats:
    4,661 Loans are delinquent, or 18.2% of all loans as of last month and it’s getting worse.
    12.8% of those are seriously delinquent (90 days or more) which is 6% of all FHA loans. We seem to be 53 out of 169 MSA , not very encouraging.

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