Buy a property

What to do in case of overbidding

Mitchel Mense
-18 maart 2025
3 min

What to do when overbidding: smart strategies
The housing market remains competitive, and in many cases there is no escaping overbidding if you want to get your dream home. But how do you do this smartly without being financially irresponsible? Here are some strategies for thoughtful overbidding.

1. Determine your maximum budget
Before making an offer, it is crucial to assess your financial situation. Know what your maximum mortgage is and take into account additional costs such as transfer tax and notary fees. Set a clear limit for yourself, so you don't overbid in the emotion of the moment and end up in financial trouble as a result.

2. Research the market value

Look at similar properties in the neighbourhood and research what they have fetched recently. This will give you an indication of the real value of the house, so you don't overbid unnecessarily.

3. Work with a buying agent
An experienced buying agent
knows the market and can help you determine a smart offer. Moreover, an estate agent often has access to information about other bids, which can give you a tactical advantage.

4. Bid strategically: not just on price

Sometimes the highest price is not the only decisive factor for a seller. Consider including attractive conditions, such as:

- A fast or just flexible completion date
- No financing conditions (only if you are 100% sure of your financing!)
- An offer without an architectural inspection, provided you are confident about the condition of the house

5. Make an emotional connection

Some sellers choose not only based on price, but also on emotion. A personal letter explaining why you like the house so much can give that extra push in your favor.

6. Be realistic and rational

However much you want a property, it is important to remain rational. Overbidding without thinking long term can lead to financial stress. If the price rises too far, dare to say no and look further.

Conclusion

Overbidding is almost standard in the housing market these days, but by being smart and strategic, you can increase your chances without taking irresponsible risks. Prepare well, know your budget and bid not only with your heart, but also with your head.

Want more advice on buying a home? Contact an experienced estate agent who can guide you through this process!

Mitchel Mense - Koops Makelaardij Amsterdam