Gots To Hustle

Hey People.
I just wrote 12 offers for a client who is desperately trying to buy a San Diego home. Obviously, he's not that picky. He just wants a home to retire in. Too much to ask? Even for a Veteran? Hopefully not, but this is what he's fighting.
Not enough homes for sale under $400K. Anything out there on the market (Unless it's falling down, haunted or was owned by Al Davis. We San Diegans really hate Al Davis) that is properly priced will have several offers on it within a week, often as much as twenty offers. But, the unemployment? The multitude of foreclosures? The overall recession/ depression (Depending who you ask)? How can there be that many people buying? 3 main reasons. The tax credit for 1st time home buyers (Usually the full $8,000 for us San Diegans) is about to expire (Have to be in escrow by 4/30 & close by 6/30). Next is the prices are really low. There are a lot of people thinking we are at the bottom of prices & they want to get in while the gettin's good. Last, the interest rates are at a all time low and they are starting to creep up. Folks are trying to luck the good thing down.
The other thing working against my client is he is a Veteran who is going to use his V.A. loan. They're great loans for the Veterans because they are 100% financing, the only type of loan that still does it. The problem with loan is that they tend to take a little longer than most loans and the V.A. appraiser (BOO) is usually a little tight on the appraisal (Tight like my grip on a candy bar). Both of these factors make this loan less attractive to the seller. So, in a multi offer situation my client would get beat like Al Davis at a Charger tailgate party (We really do hate him).
The good news, my client is a hustler and that's why we wrote 12 offers at once. Sooner or later he will have his house.
God Bless the Veterans.