Not sure if others are in the market to move but I have been thinking of moving to a lake lot in my hood if I get the chance but its starting to look like I will get hosed with this pursuit. One of the builders in my neighborhood in DFW, Taylor Morrison, just announced they will no longer take contracts on their new home builds but instead they will mimic the pre-owned market and let people put in blind bids for the opportunity to let them build you a home. I guess this means they will say, this lot and house is normally $700K so put your bid in and if you bid high enough we will then build you your house. Does this sound like the norm for new builds? I know the pre owned homes in my neighborhood are going on the market and selling in 24 hours. One last week went for $140K over asking and the buyer waived appraisal and waived inspection. A friend of mine that lives up the street moved a month ago and got 12 offers within 24 hours and went with the one that was $60K over his asking price, buyer paid cash and waived the inspection and appraisal. I guess I have never bought or sold during a market like this so not sure if its wise to even try to buy a new house. I have been waiting for a lake lot for a year and now the market goes nuts just when the lots are about to be released meaning I am screwed.