Finding the perfect home can be a trying process to say the least. You’ll encounter a number of houses and people before you finally come across that perfect match. Also, you may find yourself in a situation where you want the home more than the seller wants you to have the home. As heart breaking as this may be, there’s always more fish in the sea, or in this case – houses on the market. So what can we do if we come across a situation where your offer was rejected? Well, if you’re set on this home then we’re going to have to do a little strategizing. Obviously there’s no obligation for the seller to accept your offer if they don’t want to. They can reject your offer for literally any reason. Every seller you come across will have different motivations for selling and that is important to remember. Of course we can’t guarantee that the seller can be convinced to sell at the price point you’re willing to offer so make sure you’re not hung up on a property that just wasn’t meant to be. Let’s dive right into the 3 best ways you can respond to a seller who has rejected your offer. 1. Don’t over analyze If your offer was rejected it’s best to speak to me and discuss further options. Be open to the idea that this house will remain out of your reach simply for reasons you can’t overcome. I’m certainly not advocating that you just drop all interest in the house. However, if your first offer was your best possible offer and it was a no go, consider moving on. If it wasn’t your best possible offer see option number 2 just below. 2. Go all in If you made an offer and it wasn’t enticing enough to the seller, consider upping your offer. Common practice is to make an offer with some room to increase if need be. So presumably you made an offer with a little room to increase, logically the next step would be to make your next best offer and hope this time you land a deal. Make it clear this is your highest offer and put it in writing. If they still aren’t interested and don’t accept your offer, it’s time to move on. I will walk you through this process. If in a multiple offer situation, where there will be a number of potential buyers putting offers in at the same time, I will advise you to put your very best offer in first. There will be many occasions where, if your offer isn’t attractive to the vendor and they have other offers to consider, there won’t be the opportunity to countersign at a higher price. 3. Put the home behind you Purchasing a home is an emotional experience and you might find yourself emotionally attached before you’ve even closed on the house. So it’s important to put that home out of your mind immediately if your best offer was rejected. Lingering on the home and questioning why you didn’t get it will distract you from finding a new one. Take this time to reflect on the process and prepare yourself for the next one. Remember some of the features that made this home so inviting to you. Just because you didn’t get this home doesn’t mean you have to sacrifice those important qualities. Certainly not all homes were created equal but you’ll always find similarities across the board when house hunting. So get out there and get to know more houses as each one has something new to offer you! I will be aware of your requirements for a new home, so keep in touch with him, or to ensure you are receiving latest listing updates hot off the press, sign up to my new listings email. Odds are you’ll come across another home down the line that is even more perfect for you than you had ever imagined. For every seller to reject your offer there is one waiting to close on the house of you dreams. So let’s get out there and start house hunting, your dream home is waiting.
About the Author: The above article on The Seller Rejected Your Offer – Now What was written and provided by Brent Palmer, a local leader in the field of Richmond and Nelson Real Estate sales, marketing, advanced technology for home selling, and social media.
You can contact Brent Palmer here, or at 027 544 9921. He has helped many people buy and sell homes in the Nelson, Stoke and Richmond areas for years, and would love the opportunity to help you as well.
Thinking of selling your home? I have a real passion for helping people sell their homes in our Nelson and Tasman Region, as well as the marketing, social media & advanced technology for home selling that goes along with it. I’d love to have the opportunity to sit down with you discuss how we can work together to get you the best price.
I help people buy and sell real estate in the following Nelson and Tasman towns & neighbourhoods: Wakefield, Brightwater, Hope, Appleby, Redwood Valley, Mapua, Stoke, Tahunanui, Atawhai and of course, Richmond and Nelson City.
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