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Don't do it man. Be patient it will happen for you.

Can you go month to month or your lease? I’m sure you’ll pay a premium, but it’s better than locking in for a year when you’re ready to buy now.

this might be the worst situation of them all if you can't afford two houses at once...

Ya, I can. It ups my rent about 100 bux a month. But there is a caveat to that and I've posted about it before.

I absolutely despise my apartment complex. The managment is basically letting it fall apart. The people above us are the most annoying people I've ever had the misfortune to share a wall with. Plus they are unemployed (I believe) and sit around smoking weed and cigarettes all day long making my home smell like shit.

The lady in the office is friends with them too and won't do anything about it. Every time I cut that place a check it takes a few weeks off my life.

Keep looking and keep offering. Never offer more than you will be able to peacefully live with (financially and emotionally) in the long run. Right now, because the stock market is near an all-time high and the economy is doing well, and interest rates are down, it is a seller's market -- at least in areas people are moving to. Be happy you're not looking in Northern California. Up here the house next-door sold for $200K over asking price in CASH bought by some parents for their daughter who was about to be married. Happy Wedding, dear. Yeah, must be nice.
Just be patient and something will stick. Things happen for a reason. I wouldn't buy something that's not perfect because you are afraid of getting boxed out of the frenzy. Work with your agent to develop a strategy to get your offer accepted. Sometimes that can be things other than offering more than asking price. It can include shorter escrow, putting a cap on what contingencies you'll want (like taking some things as-is and needing repair), writing a personal letter to the sellers, putting more money down, etc. What the buyer wants is to get the most money with the least amount of work or trouble, the quickest. Keep that in mind and work with them but don't do anything you won't be happy with in the end.

We did the same last year. It was stressful as hell. We would find a house but wouldn’t make an offer because we didn’t have an offer on ours yet.

We got lucky though. The buyer of our house looked at our house after a month on the market and loved it. It helped that her parents lived two houses away.

We then made an offer on our current house same day. Closed on our old house, walked across the street and closed on our current home. We loaded everything into a Uhaul and several truck beds in one day. Unloaded the next. I don’t want anything to do with doing that again.

I wish the Lake housing market was like the city. No such thing as bidding wars down here. Instead its a multiple headaches to get a deal done like septic tanks, dock electric, water tests, and other bullshit.

Let me ask Bugeater.

Hey bug, what's it like buying a house right now?


JFC god damn mother ****ing bitch ass Realtor with an MBA can go die in a fire.

Oooooookàaaaaaaaay

Well, at least he'll live out his dream of living in Cheyenne.

Look at where you lived....

I offer cash, hard cash and a letter from bank. Able to close as soon as they give me title insurance... I used to buy and rent back while they shopped.

I have never bought a house with a buyers agent or where the ****ing Realtor was telling me to bid above to be considered...Just tells me the listing agent was a dumb ****.

I lived through 2 downturns and somehow survived the 2008 "bubble"

I buy estate houses in great areas with no Realtor whatsoever, just a title company and an atty to review my contract, not the "Realtor's" contract.

Must be the queer eye effect

I heard some local talk/news say it’s a great time for buyers lol

Are you capable of making a post that doesn’t reek of douche?

It’s still a really challenging markers for buyers, especially below $300,000 in most markets around here. Good time to be a move up buyer though. Market softens above $300k in the metro and surrounding areas.