House Hunting

A couple weeks ago we were "officially" approved to buy a house so we have been looking since then. The problem here is that their are too many houses! The banks are having to strategize. (In case you don't know about the housing market here, there are at least 2 homes bank owned on every block, or at least it averages out that way, so that's the houses we are looking at, for sale by owners are about $100,000 more in debt than we are willing to offer them so there is no point looking at those. (That is what the houses were worth 2 years ago when they bought them)) Anyways, the banks are pricing houses somewhere around $20,000 less than what they will actually get for them, to "create urgency", this way, they get 10-30 offers and can take their pick! Yesterday, we made 3 offers on 3 houses all on the same block with the same floorplan!! Not that we were in love with the floorplan or neighborhood necessarily but it had a lot of the things we need, plus all had great upgrades! We even offered the exact same amount on each one. I won't be surprised if they all say no, we just need to get as many offers in as possible to increase our chances. It's weird how it can be a buyers market and a sellers market at the same time. Just thought I would keep you guys updated and thought you might find that interesting... We love all of you!