David Cooper Investing in Las Vegas since 1994
FREE REO Foreclosure List http://www.lasvegaswinner.org
As far as "overbidding" as long as you are able to get the mortgage for the loan amount (meaning you may be putting down considerably more than 20%) and you are comfortable with the price you are offering, it makes sense. Many times, in this market, homes are put on the market BELOW value to encourage a bidding battle. GOOD LUCK.
Our present market has become a sellers market, at this point the value (overbidding) is a matter of what you feel the value is worth to you, if you really like the property then you are not overbidding, people forget that a property should be viewed as a home rather then a simple dollar sign, while I agree every property has a value, today it's what that value is to you.
I would suggest that you visit the police logs and chamber of commerce sites for questions that you may have on any neighborhood.
If you need any help we would be happy to assist you, please feel free to give us a call.
we Do answer our phones.