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Avoid Having Your Offer to Purchase Rejected

May 10, 2016

You've searched and searched and have finally found the home you are ready to make your offer on. You present your offer, and it's flat out rejected. No counter, no explanation, just rejected. Don't panic. You can always make another offer, but there are a few things you should take into consideration to help you perhaps avoid rejection all together.


When you're preparing your offer, listen to your realtor. Chose a realtor that is skilled in negotiation, and has reputation for helping others sell and buy their homes. As your realtor, they are required to make whatever offer you want to present, but a good realtor is a virtual treasure trove of advice for those looking to make a solid, fair offer and have it accepted. Don't offer below market value. In today's market, it's likely you could find yourself in a situation where more than one offer is going to be presented to the seller. When entering a multiple offer situation, you want your offer to be the most attractive, with your best foot forward right out of the gate.


A few things to consider in order to make an offer more appealing include increased escrow amounts or making sure to ask for a standard closing date. Did you ask for help with closing costs? Is the help really needed? Consider your financial situation when asking for credits you may not really need.


Don't get hung up on small amounts with the offer. If you are considering a home worth $175,000, remember, you most likely won't notice the payment difference of $2,000. Squabbling over small amounts with the seller can often be a deal breaker, and in the long run, really shouldn't prohibit you from signing on the dotted line for your dream home.



Ron Meyer
GSF Mortgage Corporation
300 Patriot Dr.
Little Chute, WI 54140
(920) 788-9608
NMLS #222688 & 1018