Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago,

User Stats

133
Posts
36
Votes
Marc Estepa
Pro Member
  • Washington State
36
Votes |
133
Posts

Strategies to standing out and buying a house in a HOT market!

Marc Estepa
Pro Member
  • Washington State
Posted

So, my family and I have been searching for a primary residence for the past 8 months in one of the hottest real estate markets in the US.  As you can imagine, its been tough as hell and we've consistently lost on every offer we submit.  As this search has progressed, we have grown more and more aggressive.  On this most recent bid, I nearly waived everything within reason.  

We've paid for numerous pre-inspections, sewer scopes, added a 22AD (Additional Deposit in case of a low appraisal), waived financing, written a letter of introduction about my family, etc.  It's starting to get expensive to simply shop.  Aside from simply submitting an all cash offer and outbidding everyone through pure money - what other strategies have you guys used to buy a home?  I'm nearly at a loss and thinking about moving on when the market slows down.  The problem is, I don't think the market is going to slow down anytime soon.  

  • Marc Estepa
  • Loading replies...