If you want sellers to roll out the welcome mat, you’ve got to put your best foot forward.
Even though we all love a good deal, here are the 5 times you should pay more than the asking price when buying a house.
Whenever it’s a seller’s market, or more home buyers than sellers, you’re going to need to throw down more money, according to a real estate expert MarketWatch spoke with.
That’s because the demand is higher than the supply of homes for sale, so home prices start climbing.
If it’s a hot neighborhood and you can see comparable homes nearby sold for above asking price, you’ll probably have to do the same.
Some sellers aren’t motivated to sell and put their home on the market to test the waters and see if they get any bites.
You can motivate the seller by offering more than the asking price, but you risk paying too much.
If the price seems too good to be true, it probably is.
You won’t be the only one who notices.
The buyer is trying to start a bidding war.
It makes sense to offer over asking price in these cases, so your offer looks best.
If you can’t imagine losing a house, especially if you’ve been looking for a while and it’s the first one you’ve liked, experts say go with your gut and offer more than the asking price.
The pros might say location, location, location.
But we all know there’s no place like home!