I have just finished the week from hell. It wouldn't be so bad but it appears this is the new norm. I am writing more offers than in past year but many of my buyers are not getting their dream home because they are being bid out of the race by cash buyers. I feel so sorry for these lovely people because they too want the American dream of owning a home. These are people with good income and good credit but they just have 5 or 10% to put down on their first home. With all the short sales on the market I find it hard to believe that there are this many cash buyers. I am now wondering if the agents are just not accepting our offers because we are using an FHA loan. For many of my buyers this is their best option. These are strange times but I'll keep trying and the market will correct itself someday. Keep smiling!
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