I thought this was incredible. My granddaughter’s daddy works in the foreclosure market. He went out for dinner the other night after entering a new listing into the MLS. When he came home his office floor was covered with faxes (all mixed up) representing 53 offers. Price $280,000. Ultimate sales price $370,000 (all cash) quick close. That beats the most offers in my career. Properties in foreclosure under $500,000 in California are selling (the big majority) with multiple offers. The buyers are in recognition of the incredible opportunity they have and acting on that recognition. Lesson: You never know, if the market has bottomed out until you turn around and you are heading uphill, once again. He who hesitates is going to pay more.
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