airbear747_IHB
New member
Hi -
I am a first time home buyer, approved for an FHA loan. I am looking for a condo in mid orange county for less than $125k. My agent found a couple that I wanted to see. The first was listed at $105,000 in lake forest and the second was listed for $115,000 in Fullerton. When she called to set up the showing, she was told by both properties that they had multiple bids that were upwards of $140k!
Is this a true picture of the low end condo market? Should I give up for now and wait until the tax credit is gone?
Thanks in advance for your advice.
- airbear
I am a first time home buyer, approved for an FHA loan. I am looking for a condo in mid orange county for less than $125k. My agent found a couple that I wanted to see. The first was listed at $105,000 in lake forest and the second was listed for $115,000 in Fullerton. When she called to set up the showing, she was told by both properties that they had multiple bids that were upwards of $140k!
Is this a true picture of the low end condo market? Should I give up for now and wait until the tax credit is gone?
Thanks in advance for your advice.
- airbear