Rejected Offers: When Seller Is Keeping You From Your Dream Home
There can be a significant number of reasons why an offer to buy a house sometimes gets rejected. Rejected offers can cause home buyers significant dissatisfaction and tremendous grief.
An offer conveys your interest in buying a property at a specific price. A counter offer is a rejection of the past offer with a new or changed terms that lets the negotiation to continue until both the buyer and the seller reaches an agreement.
The difficulty of getting a seller to acknowledge your offer is something that your prepared real estate agent or broker can enable you to explore as the two sides plan to close the bargain. Yet, what happens when your seller just says no?
A Realtor’s Analysis Can Hold A Lot
An educated buyer is a confident buyer. Where you get your information also makes you a good informed buyer. One important part of your homework is to find a good realtor who can give you a better shot at getting around a difficult seller. Your real estate agent should already have all the information regarding comparable sales in the neighborhood or the reasons for selling then utilize these data to get sellers right where you need them. If the seller truly won’t yield, then your agent should be able to perceive the markers and counsel you on whether or not to persevere or proceed onward.
There are numerous reasons that property owners can become motivated, or should be highly motivated to sell. What you and your real estate agent need to do is to determine if sellers truly are eager to sell and if it is something you can either manage around or head straight into. Representing a motivated seller is more favorable than representing one who is just interested in hearing offers but not sure they want to act on them. If the seller is looking to move the property fast they may very well hold out for a bid or two above asking (in slower markets), but ultimately they are motivated to sell. If the seller is emotionally tied to the property, they may stick very closely to their list price even if the market dictates it should be lower. The more you get at recognizing these motivations, the better you will be able to handle the seller effectively and efficiently.
Draw The Line
Sellers often mistakenly believe they can price their house anywhere and someone will bring them an offer, based on what they feel its worth. The best way to manage this is to use your trusted professional realtor to determine both how to negotiate the price and when to walk away. If the seller won’t budge on the price, it might be smarter to call it quits. Negotiating for a house can be difficult and filled with lots of back and forth. If your needs are not being met or you don’t feel good about how the negotiations are going, it would be smart to take a step back and evaluate if this is a good deal for you or not. Sometimes taking a step back can help you see the big picture more clearly and will allow you to make the right decision.
It can be a crushing disappointment to lose out on a property you had your heart set on. Buying and selling real estate is a tricky business laden with tricks and traps that you can’t be expected to know especially if you are a first-time home buyer. Your best bet in efficiently buying your next home is to have a seasoned, successful realtor who will be familiar with the art of negotiating and will do everything to help you have a positive home buying experience.
A home is only worth what a seller and a buyer agree it is worth. In life you can either get a good deal or a particular deal, pick one!
The post Rejected Offers: When Seller Is Keeping You From Your Dream Home appeared first on LAFFEY KNOWS.
Source: LAFFEY KNOWS