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Channel: Trulia Voices: First time homebuyer getting killed with investor competition - what to do?
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Answer by Thomas Feng

Hi Esark33, One of the strategies that I use to help my buyers get into homes is writing offers with no appraisal contingency because this acts like a cash offer. A reality that my buyers had to face...

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Answer by Terri Vellios.Com

Esark, As you know you are not alone. Even the agents who are representing buyers are frustrated by the competition. We don't know if we will see a bubble burst sooner or later. What we are seeing are...

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Answer by Charles Butterfield

Thank you for your question: The good news is that many of us, including myself prefer to work with people who will be homeowners rather than investors. In the Silicon Valley, we are currently in a...

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Answer by SteveMunGroup

Hi Esark33, Sorry to hear about your difficulty. However, you are not alone. Most other first time homebuyers are in the same situation as yourself. There is simply not enough inventory to feed the...

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Answer by Bill McCord

I truly sympathise with your frustration but your "description" of what is going on is frankly rubbish. What we have is the free market between Sellers, who simply want the maximum money for their...

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Answer by Ron Rovtar

Speculators are indeed causing problems for buyers as today's interview with Robert Shiller indicates. (See URL below.) This is helping to create an inventory shortage across the United States and is...

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Answer by Ricardo Ablaza

HI Esark33, My advice is to purchase with cash, as-is, with a quick close. If you dont have cash, then get a loan approval (not a pre-approval). A loan approval allows you to remove loan contingencies...

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Answer by Lamson Dang Broker

Hi Esark33, You have got many great answers already. I just want to confirm that these are buyers more like you to compete since investors would not want to pay higher than market price. You also can...

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Answer by Grace H. Morioka

Hi Esark, Thanks for your post. Perhaps in other states and other counties, investors rule the market, but I can assure you that those people buying homes now are, in fact, home owners who intend to...

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Answer by Thomas Feng

Hi Esark33, One of the strategies that I use to help my buyers get into homes is writing offers with no appraisal contingency because this acts like a cash offer. A reality that my buyers had to face...

View Article

Answer by Thomas Feng

Hi Esark33, One of the strategies that I use to help my buyers get into homes is writing offers with no appraisal contingency because this acts like a cash offer. A reality that my buyers had to face...

View Article

Answer by TerriVellios.Com

Esark, As you know you are not alone. Even the agents who are representing buyers are frustrated by the competition. We don't know if we will see a bubble burst sooner or later. What we are seeing are...

View Article

Answer by Charles Butterfield

Thank you for your question: The good news is that many of us, including myself prefer to work with people who will be homeowners rather than investors. In the Silicon Valley, we are currently in a...

View Article


Answer by SteveMunGroup

Hi Esark33, Sorry to hear about your difficulty. However, you are not alone. Most other first time homebuyers are in the same situation as yourself. There is simply not enough inventory to feed the...

View Article

Answer by Bill McCord

I truly sympathise with your frustration but your "description" of what is going on is frankly rubbish. What we have is the free market between Sellers, who simply want the maximum money for their...

View Article


Answer by Ron Rovtar

Speculators are indeed causing problems for buyers as today's interview with Robert Shiller indicates. (See URL below.) This is helping to create an inventory shortage across the United States and is...

View Article

Answer by Ricardo Ablaza

HI Esark33, My advice is to purchase with cash, as-is, with a quick close. If you dont have cash, then get a loan approval (not a pre-approval). A loan approval allows you to remove loan contingencies...

View Article


Answer by Lamson Dang Broker

Hi Esark33, You have got many great answers already. I just want to confirm that these are buyers more like you to compete since investors would not want to pay higher than market price. You also can...

View Article

Answer by Grace H. Morioka

Hi Esark, Thanks for your post. Perhaps in other states and other counties, investors rule the market, but I can assure you that those people buying homes now are, in fact, home owners who intend to...

View Article

Answer by Thomas Feng

Hi Esark33, One of the strategies that I use to help my buyers get into homes is writing offers with no appraisal contingency because this acts like a cash offer. A reality that my buyers had to face...

View Article
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