Having just received a call from my client's lender, stating that their particular loan program was going to expire by 7/15, requiring them to come up with an additional 2% down they don't have, I am compelled to find them a home they can close escrow on by that time.
Yesterday, I reported market statistics regarding the market in Oceanside, CA 92054 for detached homes priced under $500K. There were a total of 108, of which 23 were bank owned, 12 were privately owned and an inordinate 55 were short sales.
Today, I am reporting market statistics for Vista, CA 92081, 92083 & 92084 for 4 Bedroom, detached homes under $450K. An MLS search revealed a total of 59 detached homes, of which 10 are bank owned, only 6 are privately owned and a whopping 43 are short sales.
Short sales are typically anything but short. So, realistically, my clients have 16 choices out of 59 listed in their price range. Of the 16, I would say that only one matches most of their criteria. Did I say "only one?" What I meant to say is, "Yahoo, I found their dream home!!!"
If you would like to find and track your San Diego dream home, log onto http://sdnethomes.com
Or email me with your questions @ robert@robertsizer.com
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