Even though how exciting and rewarding home ownership is, you may still experience disappointing times like your offer being rejected even if you have what it takes to buy a property. This situation can happen anytime and so every homeowner should not feel too confident with their offer because the seller has a different perception when it comes to the worth of the property.
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What’s more frustrating is that the seller or the listing agent may not tell the main reason why your offer was rejected so you are left guessing what actually went wrong with the initial negotiation.
The homeowner may call for specific terms and conditions before the home buying process happens like the moving date or vacancy period. If the potential buyer and the seller couldn’t be amenable to some terms, the seller might reject the offer and consider another offer from a different potential buyer of his/her property.
Although the words “very low” can mean differently from person to person, the real estate market defines “low” as “ridiculously” low as in a ‘low ball offer’. While some sellers still counter a low ball offer, others stop making any counter offers. So how do you know you have crossed the line of what’s low? This is when the seller stopped making any counter offers and this basically means you have to look for another property and this time no more very low offers.
Have you made up your mind yet? Don’t be too emotionally attached to a home you just have seen and then start the negotiation with a low-ball offer. Start the home buying process right now by knowing everything you can. Remember that offering too low is not the best way to get the best deal in the real estate market. Although you have the power to choose the type of home that you want to buy, the last words still depend on the seller.
It hurts to be rejected especially if it’s the kind of home that you’re aiming to buy. But there is way to avoid being rejected and that is to know the terms and conditions of the seller by asking the seller’s agent. You don’t need to compromise but you just have to know what the seller needs in order to avoid being rejected. For more buying guide tips and review of best rice cooker you need to visit our store.