What a great time to buy if your a first time home buyer right? Tax credit....great, Low prices......great, FHA loans 3.5% down available.......Wow! But here locally in San Diego it's virtually impossible to get your FHA buyer in a home. Investors outbidding you, listing agents misidentifying homes that do qualify under FHA guidelines....what a mess. In today's market all buyers should have the same opportunity to purchase these great homes. The American dream should not only be available to the already established investor just because a Realtor wants an easy sale. We are in the business of helping people achieve their real estate goals. Many REO agents are losing focus and more concerned with keeping their broker rating high with the banks. As prices start rising the low income buyer will have missed the boat, not because they did not want to get on, but because they were not given the chance.
Danny Damian - Coldwell Banker Residential Brokerage, San Diego
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