There is no doubt that the current market has been hell on buyers this year. Competition for the few quality listings that hit the market is fierce. It is especially hard on those who need a loan and a contingent deal, to stack up against the cash and non-contingent/high downpayment buyers.
How does one prepare, what are the best strategies for bidding, and will things continue this way for the foreseeable future?
Here's a detailed breakdown from Noah at Urban Digs...
