When making an offer on Cedar City homes for sale, it's important to carefully consider the amount. Offer too little, and you risk your offer being rejected. Offer too much, and the bank may not appraise the home for the amount you offered.
This does not mean, however, that you should never offer more than the asking price for a home. The strategy may sound strange at first. You wouldn't offer more than the sticker price for a car, and you wouldn't purposefully pay an extra $100 for a grill at the store. But buying real estate is quite different, and sometimes, making an offer over asking price makes sense. Here are some situations in which it may be a good strategy.
You know there will be multiple offers.Right now, we are in a seller's market. In other words, there are more buyers than there are homes for sale. This means most sellers get multiple offers on their home. Naturally, they tend to accept the highest offer.
In such a competitive market, you often need to make an o. ...