There were periods of desperation, where we would make offers on houses and we weren t even sure if this one was the one, said 37-year-old Orellana, a nurse practitioner.
In all, the couple saw more than 50 homes and wrote 17 offers before one was finally accepted. They beat out almost a dozen other offers and went about $40,000 over the asking price. They also blew past their initial budget by about $70,000, she said. Fortunately, it worked out and the Orellanas are happily settling in.
Their experience is becoming the norm thanks to the limited supply of homes for sale across the country.
Bidding Wars, Lack of Houses and Desperate Buyers: How to Navigate Buying a Home This Spring
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Bidding Wars, Lack of Houses and Desperate Buyers: How to Navigate Buying a Home This Spring
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