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This market sucks for buyers.

Feel like I need to vent. We just lost the second round of bids for a house we love. First time we came in 2nd with an offer 10k over asking, buyer got cold feet so the seller went back on market for three hours. Our realtor just called to tell us that we lost this bid (fucking second place again). $35k over asking.. we lost out to a lower bid that waived the inspection on a 35 year old house.

Every other offer we have made on a place over the last couple months, always over asking, has gone to a cash offer or someone waiving both inspection and appraisal. This is rediculous. It is making it feel impossible to buy right now without huge cash reserves or a huge amount of risk.

/rant.

submitted by /u/-Strawdog-
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/jkmf5h/this_market_sucks_for_buyers/
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