Losing Offers? Here’s Why

[@pixelated_introvert]

Kyle, your gift of teaching and freely giving out of your passion to help others is truly a treasure! Im so glad the community has YOU in their corner!! Im so happy to support such a brilliant content creator!! Ty for being the voice of “calm” in the midst of a brewing storm! 💜 To my fav online community- “This too shall pass”! 💕🙏🏽

[@WinTheHouseYouLove]

I appreciate that! :)

[@cyndigirl418]

Kyle, I'm SO TIRED of renting! I feel like a professional renter!

[@Darkside_Mansa]

Where are you located? I'm a REALTOR in South Carolina if you have any questions

[@cyndigirl418]

@@Darkside_Mansa I'm currently in Pennsylvania, but I'll be relocating to the Atlanta area in December. That is where I would like to buy a house. I'm currently saving and hoping things will change by the end of 2022 or in early 2023.

[@pixiedust7562]

😢I FEEL YOUR PAIN IM LITERALLY EXAUSTED I LIVE IN WEST MICHIGAN THESE LIL WOODED 1 AND 2BEDROOM CHICKEN COOP IS OVER 200'S WHEN THEY SHOULD BE 140'S AND UNDER 😡😠😡JUST HIGHWAY ROBBERY

[@terrycallaway7021]

That’s so true! These houses are so over priced. I got a property under contract for $240,00 it’s appraisal for $150,000 smh lol. Got out of that contract quick.

[@kennycharneca1]

The house flippers are just out of their mind I've seen houses with a light paint coat reposted for $100k +, you feel powerless.

[@kennycharneca1]

@Crushing Housing Losses florida rent price 2200 monthly 3 rooms 2 bath , mortgage 1700 same house , RENT NO THANKSSS.

[@WinTheHouseYouLove]

@Steamed Hams no worries, I just banned that person. They’re going around harassing commenters and I’m not allowing it

[@millennialmoneyprogress]

I have the luxury of not needing to move and just started the home buying process like 2 weeks ago and am already tired. No inventory and people with deep pockets. I was hoping to start now to avoid being priced out but I think I’ll just continue to save until I have more cash to compete. Thanks for always bringing a positive attitude!

[@hebervalenzuela9104]

I felt this, I've placed a few offers and I'm tired of being second best to either cash offers from Cali folk or people waiving all contingencies. Luckily, I'm not in a hurry to buy but also wanted to get a head start. Not looking very good. Pad my savings I guess. Continue the hustle.

[@josephh.9697]

That facial expression in thumbnail was my face every time I found a home of interest & it said “pending” 30 mins later 😕😂

[@WinTheHouseYouLove]

I’ve been there and that’s exactly why I knew the facial reaction to make lol

[@josephh.9697]

@@WinTheHouseYouLove Classic 🤣 but on a higher note this is a good time to practice patience & exercise discernment moving forward. Appreciate the insight/information

[@honeymojave]

After 3 years of saving im now priced out of where i wanted to live. Could be worse. But it sucks

[@biancalord488]

We saved for five years and brought a fixer upper with an appraisal guarantee

[@MakeupCleaningAndCats]

@jesse I feel you! Was an intern for a while and now that I’m “ready” with a full time job I’m not “ready” hahaha. Good luck 🍀🍀🍀 @bianca congratulations! Fixer is a smart choice

[@dangerzzzone2925]

Guys! Don't lose hope! I got my dream home as an FHA buyer and seller is paying closing costs! It'll happen! Do not settle 😊

[@WinTheHouseYouLove]

I'm proud of you! Enjoy your home. ♥

[@jeny9227]

Wow that's great!

[@christyylove6084]

I needed to hear this, You always know what to say to keep us sane. We appreciate you 😊

[@cyndigirl418]

At this rate, I'm better off getting a van and becoming a nomad! 🙄🙄😱😱

[@WinTheHouseYouLove]

A van that can travel to nice places! :)

[@cyndigirl418]

@@WinTheHouseYouLove 😁😁😁👍👍

[@nehemiahstewart]

I'm not buying in this market. But now I have an excuse to save even more to buy something really nice in the future.

[@randy5894]

Good luck with that.

[@WinTheHouseYouLove]

Your pace, your time.. Best of luck! :)

[@owen9943]

It’s like always waiting for the next best smartphone. If you keep waiting, you’ll never get it.

[@danyelldurham4188]

Thank you for the information. I am not able to buy a house in this market. It is insanely high.

[@WinTheHouseYouLove]

While there's life, there's hope. - Marcus Tullius Cicero :)

[@KKaylimepie]

After not getting multiple offers accepted, I went with new construction. It’s outside of my target area. In the rural part of metro Atlanta so it’s eligible for USDA. I signed the house contract on 4/9 and the builder has already went up $18k on the floor plan I picked 😱

[@kimsperfumereviews]

What side of Atlanta? I thought about new construction but have been seeing those prices rise... I’m on offer number 8 and I am so discouraged at this point. May stick to renting.

[@KKaylimepie]

@@kimsperfumereviews Locust Grove, Henry County. I’ve been searching since December. I can’t tell you how many offers I’ve put in. It’s frustrating falling in love with a house only to be turned down. I was dead set on moving to one particular city. Now I’m moving to an area I’d never considered.

[@WinTheHouseYouLove]

That's ok, just think of that fact that you will have a home and you will soon enjoy the it's benefits. ;) Best of luck!

[@diegolara4202]

We were seeing homes at around 250, and bid 260k and none were ever accepted. By the grace of God we got called in about a new construction for 240k and we just signed a contract. At this point I don't care that lumber increased new home prices, we are just happy to get in now, because the way things are going we may not be able to afford one next year.

[@rosimip0304]

Thanks God you got a house.❤ We are waiting for a miracle 🙏. The market it's outrageous here in NY.

[@kassandra21590]

@@Lili-vn5cq yes and they’re doing that here in NC too. They’ll either cancel the contract or just drag their feet on building the home.

[@WinTheHouseYouLove]

Congratulations! Finding a deal or building a home can be challenging but when you see the fruit of your labor, you will be amazed that you went through all that. Best of luck!

[@diegolara4202]

@@Lili-vn5cq just my theory but I think al ot of the cancellations were due to the suddenly surge in Home prices back in March. The prices have since decreased a bit from the record high but home builders have since adjusted home prices to match the increase in lumber cost. I hope prices at least stabilized so that I don't become another victim of contract cancellation. Construction has already begun so I hope that is a good indication that the contract will be honored.

[@aliciasmith1420]

I have been looking for a month now. Pre-approved, accepted through the underwriting process and only have 60 days until it needs to be renewed (now less than 30) but I am not going to fall for offering 20-30k more than asking price because almost EVERY home is being listed OVER APPRAISAL PRICE! INSANE! Do not settle!

[@WinTheHouseYouLove]

Thanks for watching and best of luck :)

[@darrenbuttery3527]

I feel soo sorry for everyone struggling to buy a house in this market. I couldn't believe my luck as my very 1st offer was accepted and for under the asking price. Granted it was in a very rural area and the carpet needs replacing. Still, I feel like I won the lottery.

[@mytv80]

@darrenbuttery.Wow!..first offer accepted and under asking price...that's not luck...you are blessed!

[@WinTheHouseYouLove]

Good to hear, enjoy your new home. :)

[@lolahernandez9382]

Dont lose hope! My buyers conventional offer at asking price was accepted after the initial cash offer from another buyer fell through.

[@WinTheHouseYouLove]

Thanks for sharing!

[@jeny9227]

Comments like this are really helpful, it's hard not to lose hope. Thank you and congrats

[@elisacasasnovas2173]

Hi Kyle, is it possible that you can do a new student loan video that specifically talks about the forbearance and heart is at work when you want to apply for mortgage particularly conventional loan. I would like to know how does the Covid student loan forbearance is calculated if I was on an IBR prior to the pandemic? Now I have to get a renewal on my IBR due to the overlay of the forbearance. Heart is their work if I was on an IBR plan prior to the pandemic? Thank you

[@WinTheHouseYouLove]

Thanks! Great suggestion!! I will add it to my video ideas list :)

[@caponefojo2942]

Where I live (South Florida), Inventory has been increasing each week. I know it’s still a seller’s market, but It’s starting to feel like the peak is behind us.

[@WinTheHouseYouLove]

Yes, crazy market. Best of luck!

[@scantave03able]

I hope so cuz I'm in S. Florida too and been in the market since March. Going to look at an off market property soon. Crossing fingers it works out. No pressure but I'm glad I started my search early and before crunch time.

[@linda27189]

Yup definitely out here on the sidelines 😔

[@ianking8392]

I’ve offered $20k -$30k over asking on over a dozen houses and I’ve yet to have one accepted.

[@vontaejenkins1327]

Same boat I offered 10k over they told me to kick rocks

[@WinTheHouseYouLove]

Crazy crazy market.. let's all hope for the best! :)

[@Vern_Levine]

Yep! My sister just bought a house and bid 30k higher than the asking price! The market is just insane right now! Great time to be a seller!

[@mugetsusenpai432]

Do charge offs effect getting a loan? If they are 3-4 years old but were paid but show as charged off?

[@WinTheHouseYouLove]

Yes, they do. Charge off affects your ability to qualify for a mortgage and may be ineligible for certain loan programs. Best of luck!

[@clara7920]

Yes this is why I step out and will wait

[@That_TSLA_Dude]

Ya its crazy right now. We wrote offer released contingency close in 10 days 75k over appraised value and LOST!!!!!!!!!

[@lolaiiwii]

Oh My!

[@josephh.9697]

Sheesh

[@WinTheHouseYouLove]

Let's all hope for the best!

[@nicholausnewball8743]

I hear the frustration, we didn’t want to play the bidding war game. Contracted on a new construction home 3/10/21. Had we waited another 2 weeks we would have been screwed as there is now a waiting list of over 500 buyers trying to get into the development. It’s nuts out there….we were blessed in both selling a home and buying this one. We didn’t get the “ideal” situation we wanted but close enough. Be ok with a few sacrifices and make your move. Happy hunting!

[@WinTheHouseYouLove]

Wow! Thanks for being positive about things. I know it's sometimes difficult but when you already have a home, it's all worth it. Best of luck!

[@Nuggie_terpfessor]

We just bid 122k on a 120k listing. Shits cray. First time home buyer here.

[@WinTheHouseYouLove]

Let's hope for the best!!! :)

[@jejo9863]

3% down- Conventional. Closed last month. Patience is key.

[@WinTheHouseYouLove]

Awesome! Congratulations! :)

[@Lizzettroxx]

My fiancé and I were planning to buy a home at the end of the year but we have decided to wait another year. It’s too crazy out there. Wishing everyone looking the best of luck! 🙏🏼 Thanks for all your informative videos it truly helps.

[@WinTheHouseYouLove]

You can do it! Best of luck!

[@ericg1149]

I just move to a military town and good houses havent lasted more than 4 days on the market :(

[@WinTheHouseYouLove]

Woah! That's fast!

[@mightyendeavor4853]

I'm putting in $35k extra and going a little higher incase I get outbidded and I still get outbidded. It's annoying as fkkkk

[@MrElregio84]

Your Voice makes me want to buy a house

[@WinTheHouseYouLove]

😂

[@janethulsey]

Where is all the cash coming from? 🤔

[@WinTheHouseYouLove]

My assumption is relocation from higher cost to lower cost areas

[@DoubleOhSilver]

@@WinTheHouseYouLove yup, that's what is happening to where I'm at. "Low cost of living" for people not from around here, "low income" for the residents 😢

[@kennycharneca1]

@@WinTheHouseYouLove we been told by realtors (friends) people from China and South America investing thousands of dollars in the USA real state, there are some areas in orlando that houses used to cost 200k now they are in the 400k range.

[@heyevanletsgo3911]

PPP loans lol

[@vontaejenkins1327]

Lmaoooo

[@Da_Crow]

I hope to gain a lot of equity in the next 2 yrs - JUST closed and went on record....boom!

[@marathongirl1000]

After getting two offers rejected we finally got an accepted offer. And we were feeling all happy and a little special until reality set in. It's a seller's market and although you are the one coming to table making everything possible for all of the other clowns in the equation they will treat you like a second class citizen til the end! Not worth it! Our house will be closing in a few weeks and quite honestly I'm hoping something will happen where it doesn't go through so not one foul realtor or seller will get a single penny on my behalf!! Just wait my friends, be patient this market is a nightmare. Nothing lasts forever. Not even this. Wait til the scales have evened out a bit more where it's not so lopsided not in your favor. And let's not even begin to talk about how dirty you will feel if you have to bid waaay over. No shame in renting! Chill and wait.

[@WinTheHouseYouLove]

Yes, chill and wait is the key until you are really ready. Best of luck!

[@victorvalencia680]

Just lost an offer for 20k over asking.

[@stacey281]

I definitely don’t see a crash coming the end of the year. I’ll be watching still

[@ismaeljrp1]

Yeah, there simply aren't any markers to indicate there will be a crash. Some people are saying, there is going to be one, or this is a bubble, just because it's extraordinarily expensive. But, that is just due to basic elementary level supply and demand, combined with such low rates. There won't be a crash, and the market will not go bear for years if ever. The previous crash wasn't due to fundamental supply and demand issues, it was a true bubble. This is not a bubble caused by insane loans. People have to come to terms with that.

[@suryamp12]

The “10-20%” correction won’t happen, but the dollar will lose enough value for that to be basically the case.

[@ismaeljrp1]

@Elvir Doko how can we know that. There are enough mechanisms and demand in place to pretty much avoid that. Even when the stock market has a correction is back up in a matter of months. To be honest corrections can be totally ignored.

[@ismaeljrp1]

@@suryamp12 in terms of value yes. That is where we're headed, which makes buying now not so bad because the outlook is it might get worse, then only settle once the workforce in construction and supply chains normalize. Inflation will prevent home prices from going down in terms of dollar amount. I feel bad for people that decided to "wait" for a correction or anything like that. It just ain't happening.

[@KLam-mx2fl]

This time is different, most of the buyers paying cash from Yankees and Californians, definitely not a bubble, you are just getting price out from them.

[@ChintanCG]

Got offer accepted after offering 10% above asking

[@cldub2cw]

We had lost 2 offers and we bidded 20k over on each 🤯

[@WinTheHouseYouLove]

Woah! Good luck!

[@cldub2cw]

@@WinTheHouseYouLove We just got the news on our 3rd try! Our offer was accepted! Hallelujah!

[@Bella_0303]

@@cldub2cw did you over bid on this one? If so, by how much?

[@cldub2cw]

@@Bella_0303 We bidded 10k over to purchase at 310k. They accepted. Then the appraisal came in at 301k so we asked to renegotiate and they gave it to us for 301k! 🙌 Praise God! With God all things are possible!! #We love it here! 😀

[@chriscurren6384]

Isn't pandemic foreclosures going to open the market up?

[@WinTheHouseYouLove]

It's possible

[@stevejohnson7455]

Great video

[@WinTheHouseYouLove]

Glad you enjoyed it. Thanks for watching. :)

[@MG-eh3ol]

While Blackrock and Blackstone continuing buying entire neighborhoods American dream is dead nobody in this generation is going to be a owner Americans are condemned to be a renter thanks to the government and Fed who print all the money and give to this companies to extend their power over middle class you should talk more about that how this is affecting the real estate market

[@WinTheHouseYouLove]

👍

[@williamsjc12]

Kyle, your advice helped us get into a house! Thank you! Feel so blessed that we got something!! There is hope people! Stick with it!

[@es9787]

what happened at :50 seconds? i thought I was having a stroke.

[@WinTheHouseYouLove]

Did the best I could with the footage I had

[@es9787]

I appreciate ya. I have been spending an average of 5-6 hours of zoom meetings every day for the past 5 weeks but I still find time for your content. Carry on good Sir.

[@That_TSLA_Dude]

My VA buyers are getting EATEN ALIVE!!!!!!!

[@WinTheHouseYouLove]

Oh no! :(

[@Overly_nourished_entity]

😢

[@tasha1263]

Yesss smh lord have mercy

[@WinTheHouseYouLove]

😂

[@ryand1384]

First!...for the algo =)