BUYING A PRIMARY PROPERTY

[Roberto Vasquez]

I wanted to build a pool for my home, after shopping around, best quote was $45k. So I thought, why not getting a new house with a pool, my out of pocket will be almost the same (5% down for primary home), I will rent my current house and even be on the positive side. I've found a house, $776k asking price, price is already over market value, I've reached out to the realtor and he advised me that he got 2 offers over $800k, the realtor was keeping me in the loop and gave me a courtesy call, however I passed on it because he got an offer for $900k, $500k down and no contingencies. I live in a hot market (South Florida), I honestly don't see a market correction in a near future, we have too many people coming to South Florida and driving the market up. Should I keep looking for a house with a pool or just build a pool for my house? 

What are your thoughts?