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Subject: Anything change yet for buyers?

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Author Messages
muckyouraces
Posts:16
02/06/2010 3:10 PM Alert 
I posted a question months ago about the current environment for buying in S.D; more specifically, South Bay/ Chula Vista. I found out at that time (from real life stories of would be buyers similar to me) it was a nightmare for any FHA buyer--being either outbid or losing to cash offers less than yours. I took a few months off from spinning my own wheels and went into hibernation. Has anything changed since then or is there still a dearth of "actual" inventory available to potential buyers (both FHA or conventional)? Please don't respond with stats or figures--my cynical nature leads me to believe any stat can be curve fitted to corroborate anyone's predisposition--only real life example would be a great help. Thank you
chaozz
Posts:415
02/06/2010 6:29 PM Alert 
things in popular area's are worse there is a lack of inventory. all though being FHA you don' t have to worry about the 90 day
flip rule.
there is still alot of new homes in c/v why not go that way.
M1Slew
Posts:4
02/06/2010 8:20 PM Alert 
Same story different day. I've been trying to buy an entry level home for several months. Everything that comes to market that is a good buy is getting picked up by CASH buyers and the situation is extremely frustrating.
muckyouraces
Posts:16
02/07/2010 4:33 AM Alert 
Buying new doesn't sound that bad right now. The only problem is the new places we would be interested in are about 25% above what we said was our price limit. The past year has been so frustrating; I am ready to throw in the towel.
cbr600f4i
Posts:161
02/11/2010 1:11 PM Alert 
I was looking to buy about this time but with the huge overhang of foreclosures looming, I'm sitting on the sidelines a while longer. There's no rush.
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