Do I need to pay the overbid amount out of pocket?

Not necessarily. The amount you can finance through your mortgage depends on the appraised value of the home, not the asking price.

If the winning bid exceeds the appraised value, you may need to cover the difference yourself. But this isn’t always the case—Walter helps you understand the home’s true value before you bid, so you can make an informed decision about what’s realistic for your financial situation.

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To secure the mortgage…

No, Walter does not provide mortgage advice. Focused entirely on the property, we’re here to guide you through the buying journey. Continue reading →

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