Buying in a hot market
Is it wise to buy in a hot market where no deals are found? I am in Utah, and the market is on fire. Anything that even remotely resembles a deal is usually gobbled up by a cash offer. So if I am to buy one, it will either be that I get lucky and find one that has fallen through the cracks, or pay retail. What should I do? And if that is the case, is it wise to buy in another state?