What happens if I offer too much over asking?

Offering too much over asking risks an appraisal gap if your lender's appraiser values the home below your agreed price, leaving you to cover the difference in cash or renegotiate. It can also mean overpaying relative to genuinely comparable recent sales, which matters at resale later. Brian Beatty helps buyers set a ceiling based on real comparable data before a bidding situation pushes emotions past that number.