Author Topic: No contingencies, no problem: How to land a home in a tough housing market  (Read 672 times)

pmac

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Seems like maybe the housing market is a bit overheated after reading this article.

https://www.usatoday.com/story/money/2019/07/08/homes-sale-buying-house-tough-market/1655240001/

Quote
Almost a year into house-hunting, Leff has learned some hard lessons on being a buyer in what still remains a seller’s market. Act fast. Bid more – much more – than the asking price. Remove all contingencies. Prepare to lose to all-cash buyers. Do it again and again.

Lmoot

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My feeling is, don't run into a house when it's on fire. Usually there is a cool down after the frenzy, so I'm going to continue to focus on saving the down payment, and watching for on-the-ground-deals, in the meantime.

rothwem

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It seems like the things mentioned in this article would be signs to me that I shouldn't be buying.