Lost out to a lower bidder

[Julia Cramer]

Hello all.  I have been reading this forum to gain some insight into bidding on a homepath home.  Lots of great advice here, so thank you.  

I noticed a Fannie Mae home that I bid on and lost was back on the market.  I rebid and lost, again. I checked today and it sold for $40,000 less than my all cash offer. 

How could this be?

[Greg H.]

Originally posted by @Account Closed:

Your 10-day day inspection could have cost you the deal because a lot of investors only need two days for inspection.

 FNMA has a 10 day period to conduct inspections in their addendum that cannot be altered so that was not a factor