My wife and I recently closed on a SFH in Northeast RB. We are a relatively young (34/35) couple and just had our first child last year. We weren’t looking to flip, just to buy a decent home in a nice neighborhood where we can raise our family.
We made our first offer back in September and the entire process was a nightmare. We made a total of 9 offers and lost out on every one, mainly to flippers and investors who were paying cash. We were the high offer on one property, but the seller accepted an all cash offer that was $5K lower than ours.
Ultimately the first property we made an offer on fell back into our laps, as the higher offers eventually dropped out due to the length of the SS approval process as well as some funny business by the sellers.
Patience and persistence, as well as a little luck, were the key to our successful purchase. We were also extremely fortunate that family allowed us to live with them from the time our home sold in November until now. Two adults, a baby, two big dogs, a 90 gallon reef tank and a 40 gallon frog tank is a lot to put up with for 6 months.
