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First time home buyer getting discouraged

Hey everyone,

I’ve been trying to get into the housing market for months now. I’ve been pre-approved from my bank and have a big down payment saved.

I spend my entire weekends going to open houses, finding a house I love and putting in an offer normally 20-50K over asking price. Yet I keep losing to people who have lower offers but have “firm” offers. My only condition is the acceptance from my bank, my agent attaches my pre-approval as documentation too.

I’m starting to feel like I’ll never find a house. There’s always 8-10 offers and I lose every time. How do first time home buyers do it?

submitted by /u/Bisk0106
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source https://www.reddit.com/r/RealEstate/comments/dbm567/first_time_home_buyer_getting_discouraged/
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