Housing marking is insane here. Was outbid by 50k and it was an all cash offer. Idk how to compete with that lol any tips for navigating market ? I wonder if I should wait 6 months and see if anything changes but could be worse

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Yeah, it’s crazy out there. I think the only way is to mentally tell yourself that the asking price is not going to hold and once you find something you like, be super aggressive. Keep the mind set that over the long run, you’ll make money regardless of the over ask bid. I don’t think this market will go down anytime soon. Good luck!

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I got mine for asking price in September. Sunnyside. Single family. 4bd 2.5 bath. 3 car garage. Gut rehab. Stay diligent and be ready to make an offer immediately.

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Try accept.inc; it allows you to qualify for a mortgage and be able to pay fully in cash. Obviously do your homework on it and see if it’s right for you, but while they’re closing on your mortgage, the home belongs to Accept for that little time. It’s something my wife and I have thought about. We haven’t done it yet, but our realtor proposed the idea to us when we do get serious.

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It's so crazy out there. We got lucky by getting our offer accepted since we included a post-occupancy agreement, but we were outbid on our first two offers.

I'd honestly be patient and see if you can get lucky for whatever reason or consider some fixer-uppers. I would definitely not bid $50k over asking and would not waive inspection. The market will get better and it's not worth spending more than you can afford or getting into an underwater mortgage.

We have a rental property and the house behind us just sold for nearly 40k over asking. It blows my mind!

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