Rejection is a tough thing to face in life, whether it's from a possible client, a possible boss or a potential home seller. As an Orlando home buyer, your stress level might be reduced if you're aware of a number of the reasons a seller could reject your offer.
Before I give you the list of causes, I'd like to mention that even when you and your buyer's agent do all the things right, the seller should still reject your offer. It often has nothing to do with you.
With that mentioned, here are 5 common reasons sellers reject offers on their homes:
1. The offer wasn't sufficient for them to pay off their mortgage. For many sellers, the bottom line is paying off their mortgage. If your offer won't cover the mortgage, they can not accept it.
2. They could have just been testing the waters to see what they will get for his or her home.
3. Their plans may have changed. Individuals put their homes in the marketplace as a result of they should move, they wish to improve their home, or they can no longer afford their Orlando home. If the circumstances change, they might not have to sell their home.
4. Their deal could have fallen through. Maybe your seller was buying another house contingent on the sale of their property. If something went wrong with that deal, they could not be able to sell their Orlando home to you.
5. You could be asking an excessive amount of of them. The seller could not have the time or cash to make any repairs they assume are insignificant. Perhaps you wish to shut too quickly or would like to move in to the home before closing.
Don't get depressed when a seller rejects your offer. There could also be many reasons for his or her refusal. Help your real estate agent develop a counter offer, or move on to a new opportunity. There are a whole lot of homes on the market. Chances are you'll be pleasantly surprised when you start wanting once more and find a home that matches your lifestyle even better.
Author Resource:
Orlando Realty Experts .com is one of the leading team of agents in Orlando, Florida engaged in Orlando real estate and Orlando homes for sale .
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