Iâ€™m sorry to hear that your offer wasnâ€™t accepted, but an offer is never â€œacceptedâ€ until it is â€œratified.â€ It sounds like youâ€™re not using a Realtor so to try and help you with your next offer, hereâ€™s a few tips.
1) Use a Realtor and preferably, use a Realtor whoâ€™s an Accredited Buyer Representative who holds the ABR designation. A â€œbuyerâ€™s agentâ€ will rely of the seller for their commission, so they basically work for you for free. Visit http://www.rebac.net
to search for an ABR accredited Realtor near you.
2) Never submit an offer on a Friday or weekend, unless you can personally present the offer to the seller and sellerâ€™s agent. If the seller wants to think about your offer, then that should tell you your offer is not strong enough to grab the sellerâ€™s attention.
3) Always make your first offer the best offer. You only get one chance to make a good first impression.
Iâ€™m curious about your offerâ€¦
â€¢ Did you submit an offer below asking price and if so;
â€¢ Did you submit an offer below asking price because you â€œassumedâ€ the seller wouldnâ€™t be paying a commission to a buyerâ€™s agent;
â€¢ Did you ask for closing costs from the seller and also submit an offer for less than their asking price;
You may have inadvertently disclosed some personal facts about you and your offer that was actually used against you. Using the seller's Realtor is just like using the same attorney in a civil court of law. Not good!
You should always have your own Realtor when buying a property so that your best interests are protected.
Frank Biganski, Realtor ABR