7 Reasons Why Your Offer To Purchase A House Was Rejected

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There are quite a number of reasons why your offer to purchase a house was rejected!

Having the knowledge as to why your offer was rejected will hopefully result in you making your next offer more attractive!



Home sellers want the most money for their property, with the least amount of inconvenience. If you were to find out later that the property went for an amount you could easily have trumped, will

you regret not having put in a better offer from the start?


REASON #1: THE SELLERS RECEIVED A BETTER OFFER


Most of the time, home buyers have done their homework (with or without help of a real estate agent), and have a pretty good idea of how much your house is worth. A Comparative Market Analysis (so-called CMA) goes a long way

in preparing oneself prior to putting an offer in, as your offer more than likely is now considered to be reasonable, and negotiations can commence!


REASON #2: YOUR OFFER WAS LOWER THAN THE ASKING PRICE


What I mean by that is, if you’re thinking of putting an offer in which isn’t at full asking price, but it includes a number of contingencies, don’t be surprised to see that your offer got rejected by the seller as they

might have accepted an offer with a slightly lower price than yours, but doesn’t have as many demands!


REASON #3: YOUR OFFER CONTAINED TOO MANY CONTINGENCIES


Hopefully, your real estate agent has explained to you beforehand that sometimes it’s possible to run into difficult and/or unrealistic home sellers, so this shouldn’t come as too big of a surprise

(and/or disappointment) to you!


REASON #4: THE SELLERS HAVE UNREALISTIC EXPECTATIONS


If you’re a serious home buyer, by now you should be aware of the importance of getting pre -approved for a mortgage!

Don’t be fooled into thinking that getting pre-qualified is the same as pre-approved!


REASON #5: YOU DON’T HAVE YOUR FINANCING FIGURED OUT


Depending on your location, it may not allow for a dual agency, which is defined as “a real estate transaction in which the listing agent represents both the seller AND the buyer.”


REASON #6: THE LISTING AGENT HAS A DUAL ROLE


Your time frame as the home buyer could potentially be conflicting from the home seller’s time frame! Unless the seller is in hurry and needs to sell sooner rather than later, odds are stacked against you that

the home seller will agree to the terms stated in your offer!


REASON #7: THERE IS A MISMATCH IN TIME FRAME


In the end, you as a home buyer need to come to terms (pardon the pun) with the reality of offers

being rejected by the home seller! It might take you a couple of purchase offer attempts before there’s one

that’s accepted!


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Real Estate

7 Reasons Why Your Offer To Purchase A House Was Rejected