Coldwell Banker Residential Brokerage
Liza Vernazza, Coldwell Banker Residential BrokeragePhone: (650) 218-8040
Email: [email protected]

What to Do If a Seller Rejects Your Offer to Purchase

by Liza Vernazza 02/25/2019

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

Liza Vernazza

Since 1988 Liza has assisted her clients and friends to realize their dream of homeownership. Whether it be a small condo or a large home, with her strong people skills and negotiating skills, she has assisted them to buy or sell the property of their choice. 1031 Tax Deferred Exchanges, First Time Buyers, Move-up buyers and sellers, Probate and Trust sales are just a few of the types of transactions Liza is experienced in. Additionally, she has successfully represented investors, short sale transactions and bank owned or REO properties. If you are looking for a Realtor that is current with the market, give Liza a call and see the difference!

Education:

Liza recieved the Lifetime Million Dollar Club Award in 1990 only after two years in the Real Estate Business. As a graduate of Anthony's School of Real Estate and a member of the California Association of Realtors, National Association of Realtors and the local SAMCAR Board of Realtors, Liza is always actively pursuing educational opportunities to enhance and further her knowledge of the real estate business.

Professional Philosophy:

"I pledge to earn the loyalty of you, my client, and to be sensitive to your concerns and your needs. I will give you 100% of myself and I will share in your enthusiasm and excitement of finding that special home or marketing your old home. I have a love for my work and continue my education to strive for excellence."

Personal Background:

Liza has lived all her life in the San Carlos and Redwood City area. She is married with two beautiful children and one dog. Currently living in the Emerald Hills area of Redwood City, Liza has been an active volunteer and supporter of Roy Cloud School and and is a current volunteer and a member of the Parent's Association at Notre Dame High School.

Reviews

http://reach150.com/m/review/47770/keller-williams-bay-area-living-liza-vernazza-san-carlos-ca-real-estate