San Diego - Where to look?

[Ryan Cousins]

Hi There!

My fiance and I are looking to buy a SFH as well as an investment property in San Diego. The only issue we have run into is the prices and bidding wars.

Every single home we have looked at for personal use or an investment seems to have 5+ offers and go MUCH over asking.

We are currently looking at Bay Park / Clairemont / Carlsbad / Oceanside. 

I am curious if anyone has had success in other areas let me know.

We are thinking of relocating as it looks like there is no end in sight for this.

[Kenneth Donaghy]

Hey @Ryan Cousins, yes I have success helping my clients purchase properties in those areas. You are correct, most properties list accordingly will have multiple offers in this market. I try to instill in my clients, list price should not get confused with sales price, and is not the asking price. List price can be more look at, the marketing price. I subscribe to the strategy to list a property to get the most attention to the listings. For example a price below where I think it will sell for, attracting more Buyers, but not too low where I'm doing unnecessary work filtering out Buyers who don't understand the market conditions. When representing Buyers my goal is to explain why properties are listed the way they are, and where I think the property will trade for, or sale at. Also keep in mind, terms other than price will play a role in getting you offer accepted too. Hope that helps, feel free to reach out with anytime with questions.