What to Do if a Home Seller Rejects Your Offer
You’ve got your heart set on a particular home. But for whatever reason, the seller just isn’t into you. It happens all the time, of course. The seller has every right to turn up their nose at a buyer. Here’s what to do if a home seller rejects your offer.
1. Give them your best offer.
After submitting an offer and even going through a series of counter offers, you might still be too far apart on price. Don’t waste time by holding back and playing the seller’s game. If you want the home, put your best offer forward. After that, you’ve done all you can. Sometimes after a few weeks, they’ll come back to you.
2. Keep looking.
If the seller isn’t interested in working with you, move on. Hanging around in hopes the seller will come to their senses and accept your offer is a waste of time and emotional energy. Plus, you risk missing out on other great properties that are available and whose owners may be more “into” you. And who knows? Sometimes, when you move on, the seller may suddenly show interest.
3. Acknowledge the lessons learned.
If things don’t work out, analyze what went wrong. What mistakes could you have avoided? Did you spend too much time negotiating with that seller? Did you get too emotionally involved? If you can walk away with some lessons learned, your next try at homeownership should be easier—and more likely to succeed.
4. Stop playing armchair analyst.
You have no idea what’s going on in a seller’s head. For all you know, the seller is emotionally attached to the home and not ready to sell. Or maybe the sellers are simply firm on their price, no matter how high it seems relative to the market.
It’s tempting to play armchair analyst when a seller isn’t selling to you for mysterious reasons. It’s also, in most cases, a waste of time and energy. Accept the fact that the seller just isn’t that into you for whatever reason and move on.
5. Try to figure out how you get in your own way.
Like finding a mate, buying a home is a huge decision and financial commitment. If you find that you keep going after sellers who aren’t co-operating, it might not be them that’s the problem. It’s you.
Stop and try to determine how you might be undermining your own efforts. Is there a pattern developing? Are you only going after the homes you can’t have? If so, are you sure you’re ready to commit? Be honest with yourself, so that you can be successful.