New Orleans market is flooded with investors

[Brandon Clark]

Hey BP, 

Now I truly understand what the experience investors meant when they said that this market is extremely hot. To give you a quick summary of my day. My agent sent me 2 HUD homes a couple weeks ago. Today was day 15 on the market for both of them, meaning investors can now buy. My agent called me at 11am to tell me that house 1 had over 15 offers and the 2nd home also stopped taking offers. There was also a home that hit the MLS this moring and there were 4 offers already made. This was a bit discouraging to say the least. Seems like HUD homes are out the picture, well the good ones at least. Maybe even the MLS will fall short due to the aggressive buyers. Anybody using specific techniques to find houses in super competitive markets or before they hit the MLS? I know it's just day one but I wanted to hear you guys opinion.

Thanks again 

-Brandon