Many compare the process of finding a home to falling in love with someone. However, the home you fall in love with may not be ready for a committed relationship. The seller might not accept the offer you’ve placed on your anticipated home-to-be, but don’t fret; it’s not the end! Here are a few things to keep in mind when your offer is denied by the seller.
Don’t overanalyze it
You might feel confused when a seller doesn’t accept your offer, but don’t stress or look into it too much! There could be several reasons why a seller doesn’t accept an offer. Trying to figure it out on your own will only cause more disappointment and stress. Simply take a deep breath and move on. If you stay hooked on the thought of this home, your search may never be the same and it could hinder your ability to feel completely satisfied with the home you wind up in.
Submit your best offer
Perhaps your first offer wasn’t the best you could do. If you still have some wiggle room in your budget and you truly love the home, increase your offer. Doing so could cause sparks to fly when it comes to the seller accepting your offer. The seller could also take it as a sign that you really want the home, which might make them more inclined to sell it to you!
Know When to Move on
As much as we hope the first house we come across is “the one,” it’s important to remember that there are other options. Don’t let the denial of your offer be something that clouds your judgment when it comes to taking a chance on other homes. Move on from the one you lost in hope of finding a new home that will make you forget the first one ever existed. While searching for a home, mark several homes that you would consider buying. Go back and perhaps try putting in an offer with a potential house you liked.
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Source: https://www.zillow.com/blog/seller-rejects-offer-159263/