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July 13, 2005

Redondo Beach Offer

Well after 2 months of looking we are finally pulling the trigger. My wife and I found a 2,600 square foot home in Redondo Beach within our budget. We are putting an offer in this afternoon and then we will play the waiting game. I already told my wife not to get too excited because I know there will be multiple offers on the house and I refuse to get into a bidding war over a piece of property. Granted it is the nicest house we have seen in Redondo Beach (and trust me we have seen everything on the market) but my philosophy is that if we don't get this one we will get another one. After all, we aren't in a hurry to move away from Santa Monica, but I would like to stop throwing money away (paying rent).

The one thing we have going for us is that it appears that the Redondo Beach housing market has slowed down a bit. I think a month or two ago this house wouldn't have lasted a day on the market. Don't get me wrong, I'm still offering full price on the house, but my agent said he didn't think we would have to go higher than the asking price. This is funny because I think it is common in almost every other state to bid less than the asking price and then have the sellers counter your offer. In the South Bay, however, if you really want a house, you need to offer full price to even be in the game.

I am going to see the house in Redondo Beach one last time this morning before the offer is submitted, just to make sure this is what we really want to do, but at this point I think I'm going just to see if there are any glaring defects I didn't see the first time around.

After that, the offer goes in and the waiting game begins. More to come.....

Posted by Dogger at July 13, 2005 09:42 AM

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