If you need assistance, please call 435-590-6633

Home Buying | DH Team Blog

Wednesday, March 1, 2023   /   by David Hornick

Should You Go Over Asking Price?

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. ...

  home buying

DH TEAM @ STRATUM REAL ESTATE GROUP
David Hornick
365 S. MAIN ST
CEDAR CITY, UT 84720
435-590-6633

Information deemed reliable but not guaranteed. Listing data provided courtesy of the Internet Data Exchange Program of The Washington County Board of REALTORS, Multiple Listing Service. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of The Washington County Board of REALTORS, Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than David Hornick - STRATUM REAL ESTATE GROUP include the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is updated as of March 23, 2023
This site powered by CINC: www.cincpro.com