Real Estate

How to navigate homebuying this spring as competition surges

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After looking at more than 50 houses and writing 17 offers, Taryn and Antonio Orellana recently closed on a house in Lakewood, Calif.

Source: Taryn Orellana

When pandemic life began to feel too tight inside the one-bedroom apartment Taryn Orellana shared with her husband, Antonio, she knew they had to move.

In October, the couple decided to buy their first home in Lakewood, Calif. It was harder than they imagined.

“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…



Source cnbc.com

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