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I am so over this housing market right now.. just lost our 6th house tonight to yet another all cash offer.. We had a really good feeling about this house too.. ugh.. just don't know where to go from here
(Edited because somehow I added so much more to this post but when I hit submit it took almost everything out)
I am so over this housing market right now.. just lost our 6th house tonight to yet another all cash offer.. We had a really good feeling about this house too.. ugh.. just don't know where to go from here
(Edited because somehow I added so much more to this post but when I hit submit it took almost everything out)
I’m so sorry. I don’t know what it is like to put in offer after offer on houses, but there have been other things in my life I’ve wanted badly, and that it doesn’t seem to matter what I do or how hard I tried it wasn’t going to work out. But, it did work out, just not in the way I envisioned or on the timeline I necessary hoped for. I know that is cold comfort right now. So I’ll hope that the frustration will be worth it in the end.
Location: Whatcom County, WA/Cherokee County, NC/Pike County, KY
447 posts, read 333,173 times
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Homes come and go. If a good one came, another one can come. I learned not to be so eager to own a home. The moratoriums will expire and something will crash hard if you wait long enough. I'm redoing my apartment to make it pleasant for another 2 or 3 years.
This is why when we had a chance on a new house that was not listed yet we jumped at it. Most of the houses in the area are doing the bidding options. There are two many people out there that has more money than we do. Each time as we are looking at the house there are cars driving by looking. The houses that we looked at had people waiting in line to see them even with appointments. I am sure the open houses were crazy. If an house did not go pending in one day something was bad wrong with it plus the prices has jumped.
Homes come and go. If a good one came, another one can come. I learned not to be so eager to own a home. The moratoriums will expire and something will crash hard if you wait long enough. I'm redoing my apartment to make it pleasant for another 2 or 3 years.
More truth. Places will be opening up, prices will be slashed
Quote:
Originally Posted by reubenray
This is why when we had a chance on a new house that was not listed yet we jumped at it. Most of the houses in the area are doing the bidding options. There are two many people out there that has more money than we do. Each time as we are looking at the house there are cars driving by looking. The houses that we looked at had people waiting in line to see them even with appointments. I am sure the open houses were crazy. If an house did not go pending in one day something was bad wrong with it plus the prices has jumped.
Hopefully you will find something soon.
I think people were just buying from looking at realtor.com to make due until the market quiets down. I would have done the same. A roof in the town you need is better then fighting with the tons of people needing housing. There just isn't enough inventory for the amount of buyers there are.
The OP just needs to grab one house from looking at the listing to tide them over until more inventory comes up and I'm certain it will once COVID stops.
Met someone yesterday that paid 3mm for a place that was unsellable in 2018 for 2.2. 800K was a steep increase for the identical house, no updates/changes.
Unless I am walking out of my own closing with a really fat check, I'd have a tough time buying anything in this market! Feels like a lower interest version of 2005.
I am so over this housing market right now.. just lost our 6th house tonight to yet another all cash offer.. We had a really good feeling about this house too.. ugh.. just don't know where to go from here
(Edited because somehow I added so much more to this post but when I hit submit it took almost everything out)
I am sorry to hear this, and feel your frustration.
Almost any buyers agent has had to give bad news repeatedly, to multiple clients.
It hurts. It wears us down, too, to break hearts.
I don't have advice for you other than, Good Luck and try to keep your chin up!
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