A skilled real estate professional knows how to structure a purchase offer that not only presents a strong price offer but exploits the other value factors EVERY home seller embraces completely. Many of these factors are disclosed within the home, or even better, if the owners stay present during a showing. Those seemingly passive questions an agents ask of the seller are absolutely not passive and every response benefits the buyer in structure the most appealing offer....FOR THAT SELLER.
In summary, you can lose to a lower offer, and no one owes you an explaination.
A seller accepts or rejects an offer based on what-ever moves them.
The idea you can COMPEL anyone who is unwiling is a pathway to greater expense with no fullfillment.
It pays to know what you are doing.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor FL
Move to the Front of the Line (FirstLookHomes.us)
Sellers will base their decision on the total package.......with this said, in most cases the price is 90% of the battle.
It could also be that they listed it under market value in hopes of creating a bidding war to drive up the price and your offer is disappointing. Other reasons could be that even though the offered price maybe acceptable the terms may not be or you could be asking for concessions (including closing costs, repairs, or even a home warranty which will decrease the seller's net).
Is the property worth more to you than your initial offer? If it is, you may want to resubmit a better offer.