Sorry...My Seller Has Rejected Your Offer

I had that same thing happen...we made an offer on a bank owned property..that agent told us to hit the road...2 months later, the price was down to what we had offered....so we came back in with the same offer.. :) done..

Yes, isn't that funny (in a way). We had a bank counter an offer and buyers didn't want to budge. A week later that bank agreed on the original offer the buyers submitted. However the buyers had already found a better house for them. ~Rita

I just had that happen and the bank ended up taking $4,000 less than our first offer 4 months ago.  Hard to figure out sometimes. 

Chuck..All sellers feel if they don't counter they are leaving money on the table, sometimes when the seller gets around to seeing those old offers as ones he should have taken the table is gone, along with the appliances, the wife and kids..you get the idea.

We've been very lucky it seems, most listings around here are owner listings, our buyers have always gravitated towards these and once they got inside REOs or "Potential short sale' homes they didn't want to see any more of those.

Rejection isn't fun unless it's bringing you closer to a 'yes'.   Crazy happenings out there.  I've had a seller break our contract over silly home inspection issues and go back on the market, then expire, then relist at $40,000 LESS than our offer.  Oh well. 

I seen some short sales/bank owned - just follow the market downward!  I guess some of the lenders do not recognize a good offer when they get one.

I find it ironic when the asking price drops below a previously rejected offer too.  I had buyers save $15K on a house this way once.

Unfortunately I wonder how often it is the advise of the agent that steers the seller in the wrong direction.  I just closed on one of my "rejected" offers last week.  New agent had taken over the listing and we resubmitted the same offer from 6 weeks earlier and they took it.  Hmmmmm????

Rejection isn't fun in less it brings the answer closer to a yes. Keep on posting.

-Peg

It just goes back to the old adage, "Your first offer is usually your best offer."

Like Cindy, I wonder how much has to do with agent influence.  At the least, a good agent should be managing the clients expectations from day one... right?

It's not easy to not take rejection of an offer personally, but as you said, move on and end up getting a better deal.  There are many of them out there! (Thanks for posting a comment on my blog) 

Im not sure what I would think if the bank rejected an offer and then listed the property for lower.  I think a lot of that is on the listing agents side.  Knowing what should be acceptable and what shouldnt.

Thats odd.  I made a comment a moment ago, and the AR sight said that my message was registered as possible spam.  Has anyone received that before?

Just in case it does not appear... my original comment was that I think that if a property eventually lists for LESS than an offer I received and rejected, that the listing agent is at fault.  They should have known better as to what should be an acceptable offer.