Many homebuyers have felt like they've had to go to extremes just to have their offers considered. For a while now, the combination of limited inventory, bidding wars, and competition from investors—ranging from local flippers to large hedge funds—has left everyday buyers feeling like they need to act fast and give up key protections just to have a shot at getting their offer accepted.
Waiving contingencies like inspections or appraisals became a common tactic, not necessarily because buyers wanted to—but because it sometimes felt like the only way to be seen on equal footing. If you've felt that pressure, you're not alone. It's been a tough environment to navigate.
In some areas, inventory is ticking upward, and some buyers are putting their searches on pause due to rising rates or economic uncertainty. So that may be starting to shift to a degree and give you more breathing room than there was even a few months ago.
But competition is still a reality...