We all know it's a seller's market. Great for sellers, BAD for buyers. I have a couple of buyers I am helping out and I have written close to 30 offers (34 to be exact). None have been accepted. :( We are offering MORE than full price, thousands of dollars for escrow, 8 day inspection period, no concessions. In any other housing market, that's a GREAT deal! But cash buyers are always going to be the winner.
More than 50 people on average are moving to Cape Coral, FL EVERY DAY!! Those people have to live somewhere and those are the people who are making competitive offers. Buyers, I feel for you. I really do. You get so defeated when you find out your offer wasn't accepted. Especially when it happens multiple times. Failure is not an option for me. Everything happens for a reason and I truly believe that.
This housing market is not going away. Mortgage rates are continually getting lower. My advice to today's buyer is work on getting your credit up, save as much cash as you can, and most of all be patient. I am and will always be by your side even in the hardest times.