7 Reasons Why Your Offer To Purchase A House Was Rejected
There are quite a number of reasons why your offer to purchase a house was
Having the knowledge as to why your offer was rejected will hopefully result in
you making your next offer more attractive!
Home sellers want the most money for their property, with the least amount of inconvenience. If
you were to find out later that the property went for an amount you could easily have trumped, will
you regret not having put in a better offer from the start?
REASON #1: THE SELLERS RECEIVED A
Most of the time, home buyers have done their homework (with or without help of a real estate agent), and have a
pretty good idea of how much your house is worth. A Comparative Market Analysis (so-called CMA) goes a long way
in preparing oneself prior to putting an offer in, as your offer more than likely is now considered to be reasonable,
and negotiations can commence!
REASON #2: YOUR OFFER WAS LOWER THAN
THE ASKING PRICE
What I mean by that is, if you’re thinking of putting an offer in which isn’t at full asking price, but it
includes a number of contingencies, don’t be surprised to see that your offer got rejected by the seller as they
might have accepted an offer with a slightly lower price than yours, but doesn’t have as many demands!
REASON #3: YOUR OFFER CONTAINED
TOO MANY CONTINGENCIES
Hopefully, your real estate agent has explained to you beforehand that sometimes it’s possible to
run into difficult and/or unrealistic home sellers, so this shouldn’t come as too big of a surprise
(and/or disappointment) to you!
REASON #4: THE SELLERS HAVE
If you’re a serious home buyer, by now you should be aware of the importance of getting pre-
approved for a mortgage!
Don’t be fooled into thinking that getting pre-qualified is the same as pre-approved!
REASON #5: YOU DON’T HAVE YOUR
FINANCING FIGURED OUT
Depending on your location, it may not allow for a dual agency, which is defined as “a real estate
transaction in which the listing agent represents both the seller AND the buyer.”
REASON #6: THE LISTING AGENT HAS A
Your time frame as the home buyer could potentially be conflicting from the home seller’s time frame!
Unless the seller is in hurry and needs to sell sooner rather than later, odds are stacked against you that
the home seller will agree to the terms stated in your offer!
REASON #7: THERE IS A MISMATCH IN
In the end, you as a home buyer need to come to
terms (pardon the pun) with the reality of offers
being rejected by the home seller! It might take you
a couple of purchase offer attempts before there’s one
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