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Some Reasons Why Your Offer Can Get Rejected

by Real Estate With Maghielse & Company, LLC 05/26/2019

Buying a home can be frustrating, time-consuming and tiring. It requires patience on your part as a buyer. There are process and procedures you need to go through after you decide to buy a house but before the ownership of a home becomes yours. 

Getting a house that you love and would meet all your demands can be quite tricky. However, getting one and thinking you are finally sorted, only to get rejected can be heart-breaking. Below are a few reasons why your offer for that beautiful property met a rejection:

You Can’t Afford The Purchase Price

Among all the reasons below, this is probably the most common of them. Getting a house and the seller is requesting for an amount above what you intend paying would make your offer rejected. Many sellers can be difficult especially when they think their homes are worth more than the offer you are placing on the table. Ask your agents how much such houses have been selling for on the market to minimize your chances of running into this problem.

A Better Offer Is on The Table

Homeowner wanting to sell their property will go for the highest bidder. It’s not uncommon for a seller to withdraw an offer for purchase already given because he or she got a better offer. A house that gets a lot of attention would attract more than a buyer. What you as the buyer can do (since you can’t tell how much other buyers are bidding) is to keep your price as close to the selling price as possible, this gives you enough room for competition. 

Time Frame Differs

Some sellers want the sale of the property concluded at a particular time. The seller of a property can reject your offer if you as the buyer cannot meet his time frame either because you do not have enough money yet or because of an unprocessed loan request. A seller can also reject your offer if you are trying to move in at a time that is not suitable or convenient. Inform your agent if you have a deadline to move into the new property and ask if it’s going to be possible.

Difficult And Unrealistic Sellers

Regardless of how good an offer might be, some sellers would still choose to be difficult. When looking to buy a property, you should expect to meet such sellers and come prepared for how to handle them, especially if they have a feature you would love to purchase. 

In conclusion, finding your dream home is a small part of the property buying process. Often, buyers go through many rejections before finally getting a letter of acceptance.

About the Author
Author

Real Estate With Maghielse & Company, LLC

Having been a Real Estate agent for over 30 years now, I have helped literally thousands of families buy, sell and accomplish their Real Estate goals. Both my husband/partner and I grew up in Kent County, so we know the cities and their neighborhoods like the back of our hands.

I also have a strong eye for finding opportunities in the market and this, coupled with my knowledge of market trends and changes in the Real Estate industry, has led to a strong sales history of customer service that is reflected in the confidence and trust my clients have in me.

For over 15 years I have been in the top 1% of all Realtors in the Greater Grand Rapids Board of Realtors, a record of success very few Realtors can lay claim to. While it is essential to be sales driven, it is also critical to balance this by fostering a professional relationship built on trust and understanding with my clients because our end goal is always client satisfaction. You can see this reflected in the countless testimonials we have received from our clients. Stop by our office and ask to review them at any time, for smaller samples scroll to the bottom of this page or visit our YouTube channel at:

https://www.youtube.com/user/MaghielseandCompany

One of the unique advantages and key elements to our success is the team we have built here at Maghielse and Company. Working with us on the sale or purchase of your home, you have the advantage of a team with a broad array of talents supporting you in almost any situation and you should never experience that neglected feeling that can occur working with a single agent. I make it my business to exceed my clients' expectations and I won't rest until they have found a great new home, or sold their current property and are beyond satisfied with the results.