Lately I have seen a flurry of homes coming onto the market and selling right away even in the deepest places in Contra Costa County where I usually never go. I have been showing houses in Rodeo and writing offers and even there it is a mad rush to get your offer accepted!! Yes prices are a lot lower than anywhere else in Contra Costa but wow within a couple of days competition gets stiff for a chance to sell a home and some with squatters included!! Prices have been climbing back up since February and on that note I received 2 emails from buyers who said that they had missed their chances at buying a home! No wait!! that means that prices have reached rock bottom and now is the best time to buy before prices reach an all-time high again! (if they ever do). We are at the bottom of the wave right now and even if a buyer pays $2000 more at most than his neighbors it will make no difference when the next neighbors pay $200,000 more than them!! Are buyers becoming really picky or having delusions of grandeur? I have definitely seen more champagne taste on beer budget than ever before. This is a buyer's market but it will never be the old days of buyers market where buyers could demand anything. If you are dealing with banks just getting the house at a good deal is good enough, bad as it is that is the way it works.
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- Topic: Real Estate Market Trends