I work with a lot of buyers and submit many offers, so from time to time I get REJECTED! I understand getting rejected when you make a silly low offer. But sometimes the offers are in the ball park and they still REJECT you!
Ouch... I feel like I am getting slapped each time I type REJECTED!
The interesting thing is in December I had a buyer get REJECTED 4 times and we kept going back and eventually he went up enough and the BANK came down and the offer was accepted. We closed Feb. 13th.
Often times you will look in the MLS and then see the house listed lower then your offer that was REJECTED. Then I laugh and think wow "good job id*ots" for not accepting our offer.
Normally we find something better anyway, so its always for the GOOD for my buyers. I think if the offers are in the ball park the banks are better served taking them; instead of waiting to see if they can squeeze an extra few thousand out of a house. I am sure they get it sometimes...but what about the times they don't?
Chuck Carstensen is a Realtor with The Discovery Team at RE/MAX; helping buyers, sellers, and investors of residential real estate. He is a Dynamic Life Coach; The Discovery Coach- "Helping you discover your talents, desires and purpose." Carstensen is a speaker and co-author in the best selling book series Wake Up...Live the Life You Love: Your Wake Up Moments (NOW available go to http://tinyurl.com/wakeupmoments).