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Taking a break from this crazy market

This is one of those pity posts. We’ve been looking since March and offered on 4 houses with no success. We want to get out of the city, get backyard and grow our family away for the craziness of the city living. We are aggressive have financing and the down payment. We’ve been waving appraisal contingencies and offering short closes. But in every situation we’ve been losing out to offers that seem completely nutty. For example we offered $850k on home that was listed at $775k and lost to a bid of $890k. We realize that the house may Have been listed low to create buzz but damn. So we’re taking a break for now. See how the elections and all this craziness plays out. It’s just too depressing at this point.

Ps if you’re seller listing at below market price to create a bidding war, you suck.

submitted by /u/DiscouragingEye
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source https://www.reddit.com/r/RealEstate/comments/ij6jrb/taking_a_break_from_this_crazy_market/
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