Dealing With an Unmotivated Home Seller
You’ve found your dream home, visited it a few times, and reviewed the reports and disclosures. You’ve made an offer—only to discover that the sellers aren’t willing to negotiate. They’re firm on their price, no matter how high it seems relative to the market. Now what? Here are three tips for dealing with an unmotivated home seller.
1. Don’t play ‘armchair psychologist’. Why did the seller reject your offer? Sometimes, it’s hard to know—which can cause you to obsess and go into ‘armchair psychologist’ mode, trying to analyze the seller.Don’t bother; it won’t get you any closer to buying the house. And you’ll waste time that and mental energy that should be spent on your home search.
2. Put your best offer in writing. If the sellers aren’t responding positively to your offers so far, it could be that you haven’t given them a reason to. Just because you’re a ‘real’ buyer doesn’t mean they have to accept your offer. If they’re not responding, or they come back with a not-so-great counter offer, or they’re just not budging from their price, cut to the chase. Put your maximum offer in writing immediately. If they still don’t respond, move on.
3. Know that there’s another great home in your future. At the closing table weeks or months down the road, you’ll likely look back on that home you “had to have” and realize that the home you ended up with is much better in the long run. Never forget that, no matter how much you believe this one was meant for you, there will always be another great house.
