Currently we are observing two types of properties in the market: those that are priced right with multiple offers, and those that are priced to high do not get significant showings. Although San Diego statistics “Days on Market” is average now about 79, there is actually a big difference between the average and what a person can typically expect when finding a property they want to make an offer on. In fact, homes(typically Bank foreclosures total count for San Diego is 2011 average days on market 43 days) that priced low are selling in less than 14 days when price to sell quickly or high side priced properties (typically NON-Bank foreclosures total count for San Diego is 17,561 average days on market 68 days) Riverside statistics are proportionally the same,
When working on Bank Owned properties, we see many priced aggressively (well below similar homes in the neighborhood). Buyers are sometimes struggling to get their offers accepted — or in some cases even reviewed — by the listing agent. We have taken the step of making a company commitment to serve our prospective buyers and as well other companies (cooperating) agents that put offers in on our bank owned listings in order to insure that clients get the service they need. The bank want these properties SOLD! Additionally, we have implemented a “Highest & Best” multiple offer system that allows all participants to actively participate, know the requirements, and get real feedback on the current negotiation and final results. We think that communication is key and that everyone should have a fair shot at winning a home they want.
When buying or investing in real estate the priority is to get the best bang for the dollar on your purchase. We are on standby for you when your ready to get started, if you are ready go to my website at County Properties.