Deb Tebbs Group

Cascade Sotheby's International Realty

How To Make An Offer On An Overpriced Bend Oregon Home

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BEND, Ore. – With the fast paced real estate market you may find at least one Bend Oregon Home that’s been overpriced and the BIG question is how do you make an offer on an overpriced home?

Tip #1 – Determine The Days On Market

During 2016 it’s not uncommon for most Bend Oregon Homes to spend an average of 30 days on market so if you find a home that’s been on the market for about 90 days this is a great sign that the home you’re interested in is most likely overpriced because most people will know the real value of a home within minutes of looking it up on their smartphones and avoid it if they feel the home is overpriced.

Tip #2 – Back Up Your Offer

When submitting an offer on an overpriced home you should also be prepared to provide supporting evidence that backs up your offer. This will be done when your Bend Oregon Real Estate Agent completes a Comparable Market Analysis (CMA) which will provide data on several homes which have recently sold in the area for lower prices, proving that the home is overpriced.

Tip #3 – Make Sure Your Offer Is Attractive

Even though you may be submitting a low offer on an overpriced bend Oregon Home you can make your offer more attractive to the owner if you include the following with your offer:

  • Make sure you include your mortgage pre-approval. This will give the seller confidence that your financing is secure.
  • Provide a very strong Earnest Money Deposit – Yes the home may be overpriced but, that doesn’t mean you shouldn’t make a strong earnest money deposit since this will make your offer more attractive and show the seller that you’re very serious about buying their home.
  • Limit some of your contingencies – Doing this will be another sign to the seller that you’re a serious buyer who is ready to buy their home without letting contingencies stand in your way.
  • Make your contract dates appealing to the seller – Following this one simple tip could be the thing that helps your offer to stand out from others since some buyers don’t care about a sellers circumstances and you can make your offer more appealing by structuring the contract dates so they benefit a sellers situation.

Buy A Bend Oregon Home

To get started with buying a Bend Oregon home contact the Deb Tebbs Group today by calling us at (541) 323-4823 or click here to connect with us online.

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