There are three kinds of offers- Highest, Best or Highest & Best- only last two wins.
There are so many resons for rejection. Some of them are : 1.Lack of knowldge of worthness of property, 2. Days the property in market, 3.Who is the listing office 4. Presentation of the offer 5.Suporting documents with the offer one of them is pre-approval, Do you have pre-approval or pre-qualify, Is this one page which any one can get from any bank or underwriter's pre-approval 6.How is your agent follow up your offer.

Manjit Kang (realtor & loan officer)
287 W. Louise Ave, Manteca And Mission blvd, Fremont
mkang@ateev.com

Some realtors will list short sale well below asking to generate interest. Offer is sent in, offer is rejected

BUT who really wins when an agent list at an unrealistic price?? The listing agent! Why

Because you called the agent, the agent has your number, and a pre-qual letter.

Now the agent redirects you to another group of properties that you will settle

ta da

In this market that we are in it is very easy to lose sight of a homes true value. Many banks underprice their home dramatically, making people feel they are offering much over value, when you are really offering market value. It is very important to check latest sales, so you offer what the property is really worth. Also, yes, the competition is fierce, and it all depends on how strong your offer is. Banks prefer cash offers, Conventional offers with large downpayments, and if the opportunity is there, they would rather not pay closing costs either. FHA and VA are really at the tail end of their preference, but if that is all you can do, just make sure you try your very best and don't give up! I have noticed FHA offers who are getting accepted are paying some or all of their closing costs, offering market value, and putting down no less than $3,000.00 as a Good faith Deposit. Best of Luck! Persistence, Patience, and Faith is really needed in this market!

Minerva Paniagua
Century 21 M&m and Associates

There is fierce compition at the lower end of the market because first time homebuyers are competing with cash buyers who are investors.

It is also possible your preapproval letter (or lack of preapproval letter) is weak or unimpressive. This is a really important factor when trying to impress a seller.

Do not be caught up believing it is a buyers market. It is not a buyers market at the lower end.

Janet Guilbault
Mortgage Banker/Broker
RPM Mortgage
925-212-6347