Reply to We've seen 20 houses, offered and outbid on 2, we are still looking

Forum Index » Real Estate

Reply to "We've seen 20 houses, offered and outbid on 2, we are still looking"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Not to be a debbie downer, but seeing 50+ houses and getting outbid on so many may mean that you're getting bad advice from your agent, or your expectations are too high.

We bought in the peak.  Saw 3 houses and won our first bid.

Bc I knew my house wasn't just an investment.  It was a place to live for 20+ years.  So once we found something that checked all the important boxes (Square footage, schools, devoid of major defects), we bid aggresively.

Sure, it was a smaller plot of land that we wanted.  And it didn't have a front porch.

And we probably outbid second place by a wide margin.

But that's the name of the game.  Find the house that checks the important boxes and then be aggresive.

Your realtor needs to help you reduce the list of items which are "must have" (so more houses qualify), and you must be more aggresive in a bid.  Tell yourself that next house you want to bid, you will not lose it[/quote]

Agree.

If all you ever have to say or focus in is negative and you cannot see the positives or how to make a negative work, you might not be a buyer for awhile.

Lots to rent in DC area, which is fine, including SFH.

Remember all these houses on the market now likely have 2.5% mortgages and low monthly payments. Current market rent easily covers that. So that sets a valuation floor as well. And renting it out, as a business then, creates more tax shields for 1-3 years. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics