San Diego real estate blog - Peter Toner

Are you one of those just waiting for that perfect bank owned or foreclosure property?
 

Let me tell you - you are not alone! There are many poised for that “must have” deal which just do not materialize that often. It can be very frustrating for buyers who think that they will be the only lucky person who finds that so called deal killer …

…. case in point is the property that came on the market on LA JOLLA RANCHO RD at a great price … $999,000 - they received 19 (yes, nineteen) offers and it was in escrow on day 2… and those were the offers received, let alone the untold inquires.
 

Yes, the real estate market has declined, but not to the degree everyone was hoping for in the coastal areas, like La Jolla, Del Mar, and Coronado …

Far better to find the area you like and rather than play the lotto and be constantly overbid on a Bank Owned property look for a motivated seller… you just need to find a good agent who will do the leg work for you to find the right property at the right price…

Written by Sally Kimble