4 ms·
I bought my house in Austin 4 years ago. I was looking toward to the low end of the market around the 140K to 150K price point. I found that I kept getting out
by pickle-wizard 7y ago
I bought my house in Austin 4 years ago.
I was looking toward to the low end of the market around the 140K to 150K price point. I found that I kept getting outbid by the investors. They would come in and offer a cash deal and a closing in 7 days. I just couldn't compete with a 30 day closing and a financing contingency.
I ended up having to up my range to 200K. Once I did that I wasn't competing with the investors. Which over 30 years I guess spending the extra 50K isn't that big of a deal. I still ended up buying below my means. However I know several who that would price them out of the market.
- tvanantwerp 7y agoI've lived in Northern Virginia, and I've seen all-cash bidding wars for houses worth north of a million. I'm glad you were able to get to a price point where you weren't competing with flippers. Where I am, I can't see myself ever reaching the point where I can make an accepted bid on anything.