honestly. the only one I have to blame is myself…Unfortunately ,sometimes homes come up on the market and one’s not ready financially. I wasn’t really ready. It caught me offguard, and I wish I was in a better situation to have been more competitive…. But it is what it is…

That and lending standards were stricter so a bunch of income categories beyond salaried w-2 didn’t count, blah blah blah. And W2 income is suppose to be the easiest form of income to verify. I’m wondering how folks without a W2 how many hoops they would have to jump through….So it’s just kinda sad that that kinda puts people at a disadvantage too.

Then there was the issue of trying to juggle my existing primary. Initial thought would be to hold on to it and convert to rental to see if we get more appreciation next year… but even if I did pay it off, lender would limit my new loan on the new place and a bunch of contingencies. Ended up having to write an offer with contingencies that I sort of already knew it wouldn’t be a strong enough to hold, since I thought there would be maybe a a few other competing offers that didn’t have as many strings attached.

I just didn’t think it would have been like 12 offers…..And definitely didn’t think there would be so many cash offers that would be at asking or probably on top of that…. That to me tells me there’s a lot of strength in this sub market….

Lesson learned. In situations now, even if you can leverage to buy, conditions might not allow you to anyway….Oh well….