I keep getting outbid on home offers I’m making

[Caleb Haynes]

I keep getting outbid on home offers I’m making on single family homes.

HOW MUCH OVER ASKING PRICE DO I NEED TO OFFER?

I’m looking in the Tyler, Texas area, doing a conventional loan.

I offered day of, full asking price with pretty good terms (2% in Ernest ) and was not chosen.

So then I started to sweeten the deals. I offered on a house day of last week at 2% OVER asking price. They still went with someone else.

How far over asking price have y’all seen people bidding recently?

Is this getting too out of hand? Should I just wait for a crash? (Realizing that could be YEARS) from now

Just looking to see what others are observing in other areas or situations

Thanks!