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What can you do if your offer is rejected?

Asked by Trulia Jacksonville, Jacksonville, FL Mon Apr 1, 2013

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4
Jacksonville,
Have your agent determine with you why your offer was rejected. if you are still interested and the issue is curable, submit another offer. The seller is never required to accept any offer even if it is full price.
0 votes Thank Flag Link Tue Jun 25, 2013
There are things you can do when you submit your offer to encourage the seller to accept your contract. One thing is to include an escalatory clause that states how much you are offering but that you will offer $500 above any higher competing offer up to a certain amount. It needs to also include that the seller must show you evidence of the higher offer before your contract is changed to reflect the higher price. This is especially useful in a multiple offer situation. However, some sellers agents do not notify us that the property has multiple offers before they accept one.

If your offer is rejected and another offer accepted, you can also offer a "back-up" contract. That way, if the first contract does not close, you are next in line to get the home, without competing with multiple offers again. The "back-up" contract must be negotiated just like the original offer and fully executed. Therefore, you will need to offer the seller something that you did not offer the first time, like higher price or better terms.
0 votes Thank Flag Link Tue Jun 25, 2013
1. Offer more money for it.
2. Reduce or eliminate the inspection period
3. Have an earlier closing date
4. Agree to rent/lease back to seller
5. Get a better loan, a conventional with 20% down is more likely to be accepted than a 3.5% FHA.

Ask Questions about why the offer was rejected. Start by asking your agent, they should have a very good idea why. Was this answer helpful? If so please click on the "green thumbs up" or the "best answer".

Tony Vega
La Rosa Realty
0 votes Thank Flag Link Tue Apr 2, 2013
Good Evening,

If your offer is rejected there may be nothing you can do (if the house was sold to another individual).

There could be a lot you could do. What is the sellers ultimate goal? You could offer more money, adjust the settlement date to the needs of the seller,do they want to sell it furnised?

There are a lot of questions to ask regarding why they are not accepting your offer. Ask and ye shall find the answer (hopefully).

Nadine Mauro
Highlight Realty
561-414-0864
NadineSellsHouses@gmail.com
0 votes Thank Flag Link Mon Apr 1, 2013
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