Wow! San Mateo County has been interesting for the last 6 months....The market has changed and expect it to continue to change.
And if your like me, 20+ Pre-Approved FHA Clients but can't catch a break by having the seller/listing agent accept your Offer. Why??
Because the inventory is low and we are receiving multiple Offers, let alone you have an FHA client.
Problem: 1. Low Inventory 2. Multiple Offers 3. Appraisal Issues 4. Loan Guidelines 5. Listing Agents prefer Conventional loans and its also competitive with many conventional loan Buyers
Solution: 1. Adjust that Attitude 2. Network with Officemates, top listing agents and REO Brokers 3. Call Short Sale Pending Properties (lots of the short sale deals fall apart at the tail end of the COE) 4. Educate your Buyers that they may have to put more than the list price 5. Look for the conventional buyer with 20%+ down 6. Get your own listings 7. WORK HARDER
Jeffrey de JESUS from Daly City...Serving the Bay Area which include South San Francisco, Pacifica, San Bruno, Millbrae, Burlingame and San Mateo.