My husband and I made an offer on a short sale house. Our offer was denied and we were told that another offer is being presented to the bank. Do we have a chance to re-submit a higher offer? Can we just go ahead and do that before the bank reviews the other offer?
Yes you can. Bear in mind their may be other reasons besides your offer price that caused your offer to be unacceptable. I would have your agent ask the seller why they rejected your original offer before submitting a new one, unless, of course, you've already done that.
Best of luck to you. I hope that info helps.
Joe Sheehan, ABR, SRES
RE/MAX Professional Realty Inc.
Office: (610) 363-8444
jsheehan@josephsheehan.com
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