COMPETING FOR PROPERTIES

[Deanna Skelcy]

We have been seriously looking at properties for the last 6 weeks and have offered on 7 so far. I know it is a competitive market and we are making offers at or above asking in most cases but will need to finance with a conventional mortgage which we have preapproval. There are multiple offers on these properties and in many cases, cash offers. We have some cash but have found that the properties we could pay cash for are in locations we would not really want to invest in. While we are getting to look at and make offers on some of these properties as soon as they hit the MLS I feel like we are losing out to other buyers. What are we doing wrong? How do we compete with other investers and home buyers??