You reject an offer when you do not agree with the terms (such as price) and conditions set forth in the offer to purchase. counter offer Prepare a counter offer when you agree with some of the terms and conditions in the buyer’s offer, but not all of them. The counter offer may change the price or closing date, or it may add or delete conditions.
Is a seller required to respond to your offer to buy their house? Is it illegal or unethical for them to simply not respond? Many buyers ask these questions when they make an offer that gets no response from the seller. When a seller receives an offer, they can accept the offer as written, reject the offer, submit a counteroffer or do nothing.
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Offering less on a home in a seller’s market if the house is priced right can lead to a rejection. Though it is far more common to expect the real estate negotiation to move towards counter.
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· In today’s home buying tips video you’ll learn what to do when a home seller rejects your offer. Hopefully this won’t happen to you but if the real estate offer negotiation falls apart, you’ll.
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Reasons Why Your Home Offer Purchase Is Declined. 1. You Can’t Afford the Purchase Price. If you’re looking to purchase a home, stay away from houses that you cannot afford. Discuss a price point with your real estate agent, and if your agent still insists on showing homes beyond your range, respectfully decline.
· If you put ridiculous things in your offer like they give you their plasma tv as part of the house purchase then yes, in this market, I can see a total rejection. Otherwise, I think it is a poor negotiation strategy to outright reject in this current climate.