For home buyers and real estate investors, bidding wars can be stressful and tiring, especially when you lose out again and again. According to Redfin, bidding wars on homes have declined 5 months in a row. The rate of bidding wars in September 2021 was 58.9% of offers written. The peak of bidding wars was in April 2021 with 74.3% of offers facing competition.

The decrease in bidding wars shows that the market is slowing down, which is normal during the cooler and back-to-school seasons.

At its peak, San Diego was the fourth highest city for bidding wars at 70.3%.

Now is a great time as an investor to scoop up some great properties when there is less competition. Use the market conditions to your advantage. If you are looking for cash to make your offer stand out, give us a call.

At Murk Investments, we are local to the San Diego area and are comfortable working in this market better than a national or regional lender. We lend on properties in most San Diego markets. One of the most important factors we look at is the cash the investor is bringing into the deal. All of our loans fall under a 65% loan to cost. 
 
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