What to Do If a Seller Rejects Your Offer to Purchase

by Rick Jarzembowski 08/18/2019

If a seller rejects your offer to purchase his or her house, there is no need to panic. At this point, there are many things you can do, including:

1. Craft a New Offer to Purchase

If at first you don't succeed, try again. Remember, if you find your dream house but your initial offer to purchase is rejected, you can always create a new homebuying proposal. And if you submit a new offer to purchase that falls in line with a seller's expectations, you may receive an instant "Yes."

For those who decide to submit a new offer to purchase a residence, it is important to avoid making the same mistake twice. Thus, you should analyze the home you want to purchase, along with the current housing sector. Because if you use a variety of real estate market data, you could submit a competitive offer to purchase your dream house.

2. Reenter the Housing Market

A seller may reject your offer to purchase his or her house, and as such, you may need to continue your home search. Fortunately, quality residences are available in cities and towns nationwide, which means there are lots of great houses at your disposal.

Of course, you may want to put together a homebuying budget, too. If you have a homebuying budget in hand, you can search for houses that match your price range.

To craft a homebuying budget, you should meet with banks and credit unions. These financial institutions can offer home financing insights and help you get pre-approved for a mortgage. And once you have a mortgage, you will know exactly how much you can spend to acquire your ideal house.

3. Consult with a Real Estate Agent

A real estate agent is happy to help you determine the best course of action after a seller rejects your offer to purchase. In fact, he or she will do everything possible to help you streamline the homebuying journey.

Typically, a real estate agent will learn about you and your homebuying goals. He or she then will create a homebuying plan designed to help you achieve your desired results. Next, you and a real estate agent will work together to transform your homebuying vision into a reality. And as you navigate the homebuying journey, a real estate agent will provide comprehensive housing market insights you may struggle to obtain elsewhere.

Let's not forget about the assistance a real estate agent will provide as you get ready to submit an offer to purchase a house, either. A real estate agent will help you craft a competitive offer to purchase any home, at any time. Best of all, if your homebuying proposal is accepted, a real estate agent will help you finalize your house purchase as quickly as possible.

Clearly, there are many things you can do if your offer to purchase your ideal house is rejected. If you start planning ahead for the homebuying journey, you could boost the likelihood of enjoying a seamless property buying experience.

About the Author
Author

Rick Jarzembowski

Rick Jarzembowski’s dedicated, professional reputation in the Washtenaw County real estate market has been built on providing excellent customer service. For more than 30 years Rick has helped over 1,200 individuals and families with their Real Estate needs.

With Rick, you know you’re getting a committed professional who stays by your side throughout your entire real estate transaction, while making it an enjoyable experience.

His strong and effective business, marketing and negotiating skills are uniquely coupled with his keen ability to understand his clients' tastes and needs. Rick has been a leader in Washtenaw County real estate sales for over 30 years, yearly recognized as a top-producing agent in the County. His in-depth community and market knowledge along with his high-quality professional network have afforded him the expertise to deal with a broad array of real estate needs. He is an expert not only in residential homes sales and purchases, but also with rental investment properties, relocation transactions, new construction, and lake home sales.

Rick has served on numerous committees for the Ann Arbor Area Board of Realtors and Michigan Association of Realtors. These appointments provide him with a comprehensive understanding of housing policies and reinforce his extensive knowledge of the local housing market. He is focused on keeping up with the latest trends, laws, and technology in the real estate industry.

Rick’s dedication to his community and family is undeniable. Born and raised in Michigan, he has strong ties to this community and the state and knows the importance of investing in it. He stays connected and supports this community by volunteering with countless service organizations. He is equally passionate about investing back into the community as he is with providing exceptional customer service. He enjoys all that Southeast Michigan has to offer from sports events to the numerous visual and performing art events that frequent the area. As an avid sailor, skier, hiker, and golfer, he knows the beautiful landscape Michigan has to offer.

As his client, you’ll appreciate that as a longtime area resident and small business owner he knows and understands the community and local market. He is able to provide insightful information and strategic marketing plans for home sellers that get their home sold fast and for top dollar. Buyers can count on Rick to use his knowledge and industry expertise to help them find the perfect home in a timely manner.

Rick’s reputation has been built one client at a time by providing exceptional customer service and exceeding expectations. He is a trusted resource who has had hundreds of clients turn to him, time and time again, with their real estate needs. His industry knowledge and client focused approach have repeatedly come through for his customers. Contact him today!