How many offers.....

[Sunshine85]

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@EmpressLuv wrote:

my brother was looking for a long while, so we took him as an example and went new construction. we went in to see the model house one day and signed contract the same day..i am also in florida.  Initially we wanted to look for short sales or foreclosures but the realtor told us there is no inventory here and we competing against cash buyers, I didnt want to go through that headache at all.

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I wanted to do new construction, for a variety of reasons, but I wouldn't have been able to afford anything more than a condo or townhome. Since I'm sick of sharing walls, I had to hang in there with resales until I was able to get an offer accepted. 

[EmpressLuv]

Sunshine, I thought the same thing for us.  We went one place to see a DRHorton house and hubby credit was not up to par and we decided to go on my own to see how much I could afford and lo and behold I was approved for $245K...i am liking new construction just antsy about closing and moving in.

[raisinitup]

I have heard that typically you can be approved for more with new construction than an existing home. I don't quite understand that, but a couple of people have told me that. I think I'll visit a few communities this weeend. Can't be any worse than waiting around for what the investors leave on the table.

[webhopper]

There may be homepath properties available.  There is a "First Look" time period where investors aren't allowed to bid for 15 days...

If you're looking for a foreclosure, you may have luck going that route.  My sister bought one this year, Foreclosure owned by Chase. purchased for 118k, appraisal for 155k