Buyers competing in a Seller's market are at a disadvantage if they don't have a tool like this. Realtors, Buyers and Sellers alike need the Bid Over Ask Calculator.
Bidding Wars are common in a Seller's Market. Is there a home just on the market and you know there is A LOT of interest? A bid over the asking price (otherwise knows as a contract escalation) may be required to win, but it's not clear just how much over ask will win, or even make sense!
With the Bid-Over-Ask calculator we now have a tool that will use historical and forecasted appreciation models to see when property appreciation will cover the additional bid over the asking price.
It is super important that you don't OVER-BID on the home, but also don't UNDER-BID! Use this tool in conjunction with our EMA Purchase Worksheet and you will have all the info you need to make the best offer!
Disclaimer: Information provided is based on estimates and projected forecast. Data provided should not be used for actual home assessment values.
Author, speaker, economics enthusiast, chess player, pianist, pickleball fanatic, competitive gamer, military upbringing, Christian: There’s more to Rick than just doing mortgages.
For more than 25 years, Rick has built his business understanding customer goals to help them make sound financial decisions. He is recognized by his clients and peers as one of the top home loan experts in the country.
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