This will probably be the day that the real estate world changes forever. It will end up being the day that more paperwork buried the participants, which we’ll get through but it will take a few months before consumers get comfortable with it.
I’d like to memorialize the day with a story from the field. I mentioned that we made an offer last Sunday on a hot new listing in Carlsbad. We finally had a conclusion yesterday.
My buyer offered $3,730,000, which was $230,000 over the list price, and had an 80% down payment.
We lost.
We found out when the auto-notification was received that it had been marked pending. We had to wait for five days, and that’s how it ended – nice.
Those who think it looks easy to just go out and buy a house without any help, good luck to you. It is probably easier these days to buy an overpriced house that has been on the market for weeks, but if you want a good buy, don’t be surprised if it is hotly contested. For the rest of time.
