Much of our business is first time home buyers or investors, both are fighting for the same property pool. We're literally making 20 offers to win 5 to 6 properties for our clients. The market competition is fierce when making offers. This has caused us to counsel buyers to buy way below their means to be able to increase their offers effectively to win properties when they are searching for ga homes.
For example, if they are approved for $100K, we suggest they look at $90K so they can go over list price if necessary. That's how "crazy" our market is.