'We lose out on a house before it’s even put on the market.'
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But take it from people who have actually been experiencing the housing market first-hand. We recently asked members of the"Right as my husband and I were finally financially prepared to buy a house in the midsized Southern city where I grew up, a big software company announced they were opening up an HQ here. Housing prices went up overnight, and the already-limited supply of houses for sale got even more sparse.
We just managed to buy a house after multiple unsuccessful offers, sometimes competing with 20+ other buyers. We had to offer $80K above the list price and agree to super seller-friendly terms to get the place . I know our house will have great resale value but can’t help but worry that I won’t be able to afford another home in my city in another five years or so.""In short, terrible.
We took a break from looking near the end of 2020 because we were just so exhausted. But then this month, our agent found us a really nice house that was actually in our budget and helped us get our offer accepted before a bunch of competing offers came in. It took a really long time, but I’m glad we didn’t overbid or settle for something we didn’t love.""We’ve put out offers many times in the past year. But two stick out to me as the ones that hurt the most.
I’m also glad he got a great inspector who pointed out stuff to the builder before they got past the frame. It was a leap of faith for sure buying a house that was yet to be built, but we liked the location in Houston, and it was as big a yard as we were going to get without moving to the suburbs.""Most listings were marked as sold within a day before we even got a chance to see them.""When we did put an offer on a house we thought was great...
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