How To negotiate above asking offers. What if you sold your home for $30,000 above lease price? How’s that even possible? Well, right now, believe it or not it’s happening. We just recently sold a home for 21,000 above list price. Hi everyone. I’m Rich Barnes Negotiate and Chief, Owner/Broker of Realty Experts in West Allis, Wisconsin, 53214. So if you saw my previous video, you found out that one strategy to make sure you actually get to keep the amount of money you go under contract for. There are a few more things to consider when selling your home for significantly more than it’s possibly worth, or considerably more than the neighbors have recently sold for. How To Negotiate Above Asking Offers. The first was to see if the buyer would be willing to remove the appraisal contingency altogether. However, many buyers aren’t willing to do that. So, another alternative is if they aren’t willing to remove the appraisal contingency altogether, is to see if any of the buyers are willing to give you a specified amount that they’re willing to pay above the appraised value. Obviously not to exceed the agreed upon purchase price. Well, how can this be helpful? Or why would it matter? You see if someone really wants your home, they’ll be willing to pay any amount for it. But as we learned before, the bank is only going to loan you what it appraises for. If the buyer removes the appraisal contingency altogether, it’s sorta like writing a blank check. They can’t be certain as to what the home will appraise for so they have no idea what the difference is and how big of a check they may have to write. So many buyers are really afraid to do this. So another option is to have them to agree upon a specified amount that they agree to pay over the appraised value, if the home does not appraise. Here’s an example. Let’s just say that you agree upon a sales price of 350,000 and as a seller, based upon the advice of your agent, knows the home, most likely will not appraise out for that amount. But the first option would be to counter out the appraisal contingency. The second option would be to ask the buyer, how much would you be willing to pay over the appraised value? So let’s just say the buyer says they’re willing to pay $15,000 over the appraised value. If the home only appraises at 380, that means they would, they’d be willing to pay 395,000 over what the appraised value came in at. But, that would mean that the seller would get 5,000 less than it was originally agreed upon in the initial contract. Again, there’s a lot to consider when selling your home. It’s not always as cut and dry as it may seem. So, whatever the answer, how do you protect yourself? Call a professional, call us here at Realty experts we’ve helped and protected hundreds. Yes, hundreds of Milwaukee area residents, just like you and we’d love to help you too. So, give us a call at the number at the end of this video, or click below for more informational videos and as always feel free to reach out. I’m here to help. Thank you, have a great day. How to negotiate above asking offers.