Real Estate Tips: The Next Step When A Seller Rejects Your Offer

Looking for the perfect home can be similar to finding a job or looking for a soul mate. There will be times that offers can be rejected most especially when the market season is currently high. Already found the dream home, but the seller is adamant in accepting the offer? Here are some ways to cope with these kinds of sellers.

According to Zillow, do not waste time in over-analyzing these kinds of sellers. People usually obsess over the possible reasons why the seller won't accept the offer. People would spend hours researching on the sales history and tax records of the property and then combining the information with the data from the agents about their motivations and situations. However, the site discourages doing so.

Trying to figure out the seller will not help at all. If you feel that the seller is not just into accepting the offer, then maybe it is the right time to move on. The time you spend obsessing over the seller should be spent looking for another home.

If you are really determined to get the property no matter what, then Yahoo suggests putting the best offer on the table. One of the reasons why sellers won't accept the offer is that they think that the buyer hasn't offered the maximum amount that they can afford. They would always want to keep some room for negotiation.

If they are not responding to the offer, then it is a sign that they are not that motivated to sell yet. If they counter the offer with something that is below one's standard, then it is the best time to let go and start looking somewhere else.

If nothing works, then it is best to put the home behind you, and maybe in the future, you would realize that it was not worth the effort after all. Home buying can also be an emotional ride, so it is best to have a couple of choices before settling on a property.

Join the Discussion
Real Time Analytics