The lower end market is on fire!!!  One home in Costa Mesa received "68" offers and is going to close escrow for approximately $100,000 over asking price....

Prudential agent Genelle Geronsin listed a home near Orange Coast College in Costa Mesa aggressively @ $399,000; thinking it would bring 15-20 offers quite quickly.  To her surprise, it brought 68 offers.  The house was NOT bank owned or a short sale; but in a community where people tend to stay and live a long time.  Genelle stated that there were actually 3 offers higher than the one the seller accepted and that the seller focused on the "whole financial picture" of each potential buyer. 

I personally think that the buyer's mentality has changed toward the market and they are willing to pay ABOVE asking price; which we have not seen in the past few years.

This also goes to show that sometimes the HIGHEST offer is not always the offer that gets the home!

 Your thoughts and feedback on this topic are greatly appreciated. Please feel free to post your comments.

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