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Updated almost 9 years ago,
No Inventory
I've decided to go ahead with buying a second property in my local area. There's a problem, though...there is no inventory under $300k. Every house that's "For Sale" on Zillow turns out to be already under contract when I finally get in touch with an agent. The agents also seem to be ducking me based on the properties I'm asking about. I've been pre-approved for $300k through the VA but no mortgage company I've spoken with has been willing to go higher based on my income.
So...
Should I hold out and wait for a deal? Should I consider a condo? Should I not buy anything because the market is too hot?
Any help is appreciated!