Been looking and putting offers on homes almost every week in south Redlands for the past year. I’m submitting above asking offers with a conventional loan and am consistently getting beaten out by cash offers from investors. While the real estate market in the rest of the country is tanking ; somehow Redlands is going through an inflated boom. House prices are way above comps for the neighborhoods, yet it’s still a mad house. We are lucky if one quality house comes on the market a week, creating a feeding frenzy for buyers.
Speaking with other normal folks at open houses, this is all their same experience. How many of y’all are experiencing this as well? I won’t mention specific houses because if you’re responding and reading this , we likely have all put in offers on the same homes lol.