Jeff’s Carlsbad Blog for First Time Home Buyers

Important San Diego MLS Information for Buyers

Many buyers in our area are looking at short sales, pre-foreclosures, and REOs as part of their home search. And there is LOTS of competition, so it is not really a “buyer’s market” for these kinds of homes. You will almost always find multiple offers on these properties, sometimes the day the new home is listed or within a day or so.

SANDICOR, the MLS for San Diego, has implemented a new status called CONTINGENT, which means there are offers awaiting approval of the short sale, or which have been submitted to the REO lender for approval. They are still ACTIVE but now there are multiple bids.



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