Your offer price should be based on the fair market value at a given time and alot of that depends on inventory. We currently have low inventory with high demand which is driving prices up. Many buyers are watching MLS just waiting for a property to come on the market in a given area in their price range. (Here's a hint...when you become a seller, remember that Spring is not always the best time to sell!) The market is smoking hot right now. Not sure what you offered but, if it wasn't asking or above in a competitive market, that could be the reason it wasn't accepted. You should have a buyer's agent guiding you through this process, advising you and researching market value in a given area. Contingencies are very important as well. If you were competing with a cash buyer requiring no home inspection or a buyer putting down a larger amount of money, this could have hurt you as well. In order to be competitive if you are a first-time buyer with a low downpayment amount, you need to be compensating for this in offering a higher price for the home. There could be a variety of reasons your offer was not accepted but, in order to give you my best opinion of why, I'd need to know more about your offer. If you need some advice, I'd be happy to help. Just call me at 781-608-1157. I am a certified buyers' representative located in Medford and a veteran realtor. No pressure to work with me if you just want a question answered. Good luck!