When you’re buying a home for sale in DC Ranch, it’s exciting – and it’s easy to fall in love with these spectacular homes.
But should you offer more than what the seller is asking?
In some cases, yes – and your Realtor® will give you the guidance you need.
Here’s what you need to know when you’re house-hunting in DC Ranch.
Should You Offer More Than a Seller’s Asking Price for a Home in DC Ranch?
Sometimes it makes sense to offer more than what a seller is asking. In fact, if you don’t, you could be missing out. Here are five times it might be a good idea to submit a higher offer on the home you love:
- It’s a seller’s market
- You’re sure there are other offers
- The house is priced below its real value
- Your agent tells you the seller isn’t very motivated
- You love the home and don’t want to take any chances
Why You Might Want to Overbid in a Seller’s Market
In a seller’s market, sellers have the upper hand – that’s because there are more buyers than there are homes available. Situations like these can call for drastic measures, because sellers can often pick and choose between the highest offers.
Why Overbidding Works When There Are Other Offers
You want to present your best possible offer to the seller when you’re competing with other buyers – it increases your odds of putting in the offer that wins. Sometimes offering more than asking price tips the scales in your favor, so if your Realtor finds out that other people are making offers, too, you might want to stand out by offering more.
Why You Should Offer More Than Asking When the House is Underpriced
If a house is underpriced, there’s a pretty good chance that the seller did that on purpose to spark a bidding war. That means it makes sense for you to offer more than the seller is asking – it’s another way to stand out. If you’re the first one in and your offer is higher than others, the sellers may be more likely to declare you the victor in the bidding war.
Why a Big Offer Might Win Over an Unmotivated Seller
When a seller isn’t in a rush to sell, he or she might not entertain offers that come in at or below asking price – but an offer that’s over asking price can get a second look. Naturally, you don’t want to offer so much that you’re overpaying, but the extra cash might be exactly what motivates a seller who isn’t really in a rush to sell.
Why You Should Bid High When You Love the Home and Don’t Want to Take Any Chances
If you love a home, there’s a good chance that someone else does too – and if you don’t want to take any chances on losing it, the best thing you can do is to offer over asking price. Your Realtor can give you the guidance you need when you’re so in love with a house that it’d break your heart to miss out on it.
Are You Buying or Selling a Home in DC Ranch?
Call us at 480-360-0281 to find out how we’ll aggressively market your home to all the right buyers – or you can call us to talk about what you want from your new home in DC Ranch.
While you’re here, check out our:
- Country Club Village homes for sale
- Desert Camp Village homes for sale
- Desert Parks Village homes for sale
- Silverleaf Village homes for sale
Don Matheson
Realtor | Founder
The Matheson Team
RE/MAX Fine Properties
21000 N. Pima Rd., #100, Scottsdale, AZ 85255
866-613-8356
don@scottsdalerealestate.com
