This week in homebuying horror stories: offered $60k (10%) over asking on a house. Got beat by a last minute all-cash offer from an out of state buyer who was buying sight-unseen.

This is the worst.

likefunny
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You have to go at least 20% over. All cash to get a house. That’s what I did.

likefunny

I’m 32

My brother in law offered $80-$100k over list on 9 houses in the last two weeks and was outbid on all of them

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I’m thinking the market will have to slow. Interest rates will hit 5% soon. It will go to 6 points if not higher by end of summer.

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And that will cause inventory to go lower

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Yeesh

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😞 which town? Frisco?

Location?

This does not excite me for my homebuying adventure I’m about to go on. I’m sorry OP 😦

The market is absolutely insane right now.

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