Yes! You should be able to find a rental in your area for that amount...do you have an agent? I would strongly advise you to get a licensed realtor on your team. Realtors cost you nothing, have a continued handle on the market's heartbeat. Your realtor will understand your needs. There are several people in my company who are extremely knowledgeable. Call or email and I will have someone call you. Liz, 612-986-4105.... more
You have to make up your own mind about what to do. Look at the question below and also the blog below it based on that question. As I read through both I just got more confused about the right thing to do. You have to see what you want, what you are willing to spend, and how much you are willing to lose out on that house. THEN make the decision to increase your bid or not.