Hmmm let's slow down here for a minute. This question seems very similar to your previous question asked I believe maybe a couple weeks ago.
Ya know it is not that much different than when a seller asks me "why is my home not selling?". There are concrete answers a Realtor should be able to give you. In my professional opinion only your current realtor can tell you this, because none of us have worked with you. We don't know all the facts or dynamics that are playing out.
On the other hand, my response to you is very similar to what I discussed in your previous question. If you are losing out on homes multiple times you are not "overbidding", because another buyer is willing to pay more for the house than you. It really is that simple.
So market expectations are still #1. You may feel at this point you will bid on just about anything, but hopefully your realtor can dampen this frustration and keep you focused. Like I always say in this market you won't pay a premium for a home unless it is the right one. You have to find the right home and then bid accordingly.
It is not that uncommon anymore for buyers to lose out on multiple homes. My most recent buyers lost out on 4 before we got one, so hopefully you know that you are not alone. Your realtor should be able to contact the listing agent and simply ask why your offer was not picked. Most listing agents are nice enough to tell us if it was price or terms.
Because terms are the 2nd possibility and a concern you have voiced. Once again, your realtor should be able to look at the comps and see if the financing is FHA, conventional, or cash. From there they can look at seller paids and see what the average is for the market. Also, what % of list price is being received or if homes are getting appraised above list price.
All this information is out there, and once you know it then you can stop coming on Trulia. We won't help you buy a home faster only your Realtor can. Once all the information is gathered the game-plan can be altered in order for you to buy a home soon.
Who knows maybe things need to get shaken up because your budget won't get what you want in Columbia heights (or wherever you are looking). Maybe it is time to review goals and see if TH's are preferred. Maybe go low and look at 203k options where there may be less options.
I am concerned that one lender will pre-approve you higher than another. That should not be the case with FHA at all. By god I hope you don't go through all of this to find a good home and have the financing fall apart. Be careful and make sure you understand why one lender will approve you higher than another.
As you can see there is a process when buying a home. Every realtor adds their own flavor, but the process should be very similar. For some reason you still are unclear on why you are losing out on homes. Answering the question to "why" is the job of your realtor. Communication and trust is key for you two being a team.
Realtor North/NE suburbs