Help!!!! First time home buyer in Cali

[bvilchez]

Originally Posted by pnoon

In a "normal" market, you would be correct but in today's market, it is very common for there to be dozen(s) of offers on a home - many of which are well above the asking price. Yes. It is a buyers market but there are so many buyers, many are getting more than their asking price. I just went thru this helpiing my daughter buy her first home. Virtually impossible to find something nice and get it for less than the asking price. (Note: This perspective is based on the market here in southern California. Other areas of the country may be different.)

Funny thing happened. I called to inquire about a house that my wife wanted to go and see. The asking price is $250k but one of the first things the listing agent stated was that they have offers as high as $308.

So then a question I ask myself is why have they not closed on this deal yet? Are you trying to talk me out of making an offer or trying to get me to bid higher? I may have never bought a house before but I wasn't born yesterday either.

My next question to everyone (especially the realtor BOTLs) will be military help with ta VA loan in today's economy? I'm not gettting laid off or will be losing my job until I retire (which is no time soon). Shouldn't the sellers and the banks see that as a solid individual?