Granted real estate prices are a slow lagging indicator and there has been so much pent up demand, competition and good jobs and low rates, rents are up and prices up over 6% in my local area. 

I would love some insight on what you think my next move should be.PS: I have priced it competitively against other properties in my neighborhood of similar size and quality.Thank you in advance for any guidance.Jessica

The Delayed Finance section of this blog post is one place to start to learn more about it.This approach can be advantageous by allowing you to be more competitive with cash offers and quick closings when you purchase, but a disadvantage is that you have to pay some of the same closing costs again when you refinance (though if you are able to purchase for slightly less with a cash offer it might even out).

A lot of new investors or want-to-be investors are not working right now, with a result in declining competition.

Hey Darshil, I've been on and off with Premier Agents several times throughout my career, and here in the NYC market, it is pretty competitive.

.- 2 of them bought in 2020, 1 in cash due to how competitive the market was had to close with cash & am taking a commercial loan on it due to not wanting to wait 6 months on seasoning period to free up cash, 5 year ARM on 20 year amortization.

It is not just another company like GM , ford or sears , its critical to self defense and source for many global defenses.It will find a bottom and financing and head back up as it keeps ranking in profits as it has down for the last 50 years

When you are sitting at 30% leverage, you look like an idiot in good economies, but stress free when the world shuts down and goes into a global retraction.Finally, have a long memory. 

FHA and VA are the cheapest options, but not very competitive when it comes to hot deals.

Its been a popular market for a few years now so competition is tighter.