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When Jenna Watts moved to Savannah, GA, where her husband, Gil, was born and raised, she expected the couple would be renters for a year or two at the most. The couple began house hunting in October 2020, hoping to put down roots as they started a family.
Three and a half years later, they have seen over 50 homes and made offers on several. Each time, the couple lost to an all-cash buyer, often someone from the Northeast or the West Coast who recently sold a home and were looking to downsize Down South.
Jenna, 30, and Gil, 31, have a good budget for a home, but they can’t pay all cash. The months and months of disappointments have taken a toll.
“When I see new listings, I don’t get excited anymore,” Jenna says. “I feel burned out. Sometimes I feel numb to the whole process because it’s been so repetitive, and it just feels like things are stagnant and there’s no light at the end of the tunnel.”