Finding the perfect Southern Maryland home can be a challenging process to say the least. You’ll look at a number of houses and meet several people before you finally find that perfect match. It’s possible to find yourself in a situation where you want the home more than the seller wants you to have the home. This can be heart breaking, but there are always more fish in the sea, or in this case, houses on the market.
So what can we do if your offer is rejected? If you’re set on this home, we’re going to have to do a little strategizing. The seller is under no obligation to accept your offer if they don’t want to. They can reject your offer for literally any reason. Every seller has different motivations for selling, and you need to remember that throughout the process. 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.
These are the three best ways to respond to a seller who has rejected your offer.
Don’t over analyze
Your first instinct might be to wonder why the seller rejected your offer. It’s a waste of your valuable time to look up the sales history and tax records and compare everything the seller’s agent told you with everything you think you know. Before you know it you’ll find yourself in a deep hole and more confused than you were at the start.
If your offer was rejected, the best tactic is to talk with your Southern Maryland real estate agent and discuss your options. Be open to the idea that this house will remain out of your reach simply for reasons beyond your control. You don’t have to drop all interest in the house, but 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 No. 2.
Go all in
Consider upping your offer. Common practice is to make a first offer with some room to increase if necessary. If your first offer allowed a little room to increase, the next logical 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 the seller still isn’t interested or doesn’t respond to you, it is time to move on. Talk with your agent before you make your final offer, and prepare yourself to move on if it doesn’t go through.
Put the home behind you
Buying a home is an emotional process, and you might find that you’re attached to a Southern Maryland house before you’ve even closed on it. It’s important to put that home out of your mind immediately if your best offer was rejected. Lingering on the home and wondering why you didn’t get it will distract you from finding a new one.
This is a good time to reflect on the process and prepare yourself to start looking for another house. Make note of the features that made this home so inviting to you. You don’t have to sacrifice those things just because you didn’t get this home. While it’s true that not all homes are created equal, you’ll always find similarities when you’re house hunting.
It’s best to get out there and get to know more Southern Maryland houses. Each has something to offer! Try to relax and enjoy the home-buying process, as trying as it may be. Your agent will be there to guide you through the whole process and make sure you don’t settle on a house lacking your dream requirements.
In fact, odds are good that you’ll find another home that is even more perfect for you than you had ever imagined. For every seller who rejects your offer there is one waiting to close on the house of your dreams. Let’s get out there and start house hunting! Your Southern Maryland dream home is waiting.
Accokeek MD Homes for Sale and Real Estate Services in Southern Maryland. You now have a search engine to help you with your Southern Maryland home search! And I’m ready to provide you with a custom home valuation if you’re considering selling your home. Let’s connect to discuss how I can help you. Contact Kimberly Bean at 301-440-1309
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