Chapter
The Competitive Real Estate Market
15:47 - 20:23 (04:36)
The real estate market can be extremely competitive, with buyers resorting to waiving inspections or writing letters to win a bid on a house they love. This makes it difficult to find a house within a specific budget.
Clips
A couple shares their experience of navigating through a competitive housing market by shifting their budget after realizing it was not feasible.
15:47 - 17:46 (01:59)
Summary
A couple shares their experience of navigating through a competitive housing market by shifting their budget after realizing it was not feasible. They had to bid tens of thousands over asking prices and write personal letters to convince sellers.
ChapterThe Competitive Real Estate Market
EpisodeWhy Is It So Hard to Buy a House in America Right Now?
PodcastThe Daily
Amina and Drew waived their appraisal contingency, loan confirmation, and shortened their option period when purchasing a house, in order to remain competitive among other buyers in a highly competitive real estate market.
17:46 - 19:15 (01:29)
Summary
Amina and Drew waived their appraisal contingency, loan confirmation, and shortened their option period when purchasing a house, in order to remain competitive among other buyers in a highly competitive real estate market.
ChapterThe Competitive Real Estate Market
EpisodeWhy Is It So Hard to Buy a House in America Right Now?
PodcastThe Daily
Amina and Drew share their struggles with remote house hunting during the pandemic, including bidding on 15 homes without success and applying for multiple rentals with no luck.
19:15 - 20:23 (01:07)
Summary
Amina and Drew share their struggles with remote house hunting during the pandemic, including bidding on 15 homes without success and applying for multiple rentals with no luck.