Anthony Joseph Real Estate LLC

Posted by Anthony Joseph Real Estate LLC on 3/7/2018

Once you decide to buy a home, you need to buckle in because youíre in for an emotional roller coaster. You need to be prepared for any type of situation. Youíll need to hunker down and save a significant amount of money for a downpayment. Securing the financing for your home will be at the top of your list. You just donít want to find the home of your dreams only to find out that your offer is rejected, leaving you in a giant puddle of letdown. 

If you have already experienced the pain of having your offer rejected on a home, fear not. Below, youíll find some of the most common reasons why offers get rejected and what you can do about it. 

You Canít Afford The Home

If you try and get a house that you canít afford, chances are that your offer will be rejected. You need to find a reasonable price point to shop for a home. Make sure that your real estate agent understands your budget and wonít show you homes that are above your budget. If you know you wonít be able to resist, you definitely shouldnít risk finding a home that you love and is above your budget. 

There Was A Better Offer

Especially in highly competitive markets, itís easy for bidding wars to arise. A ďwarĒ may be avoided if buyers offer an amount far above the asking price. You always want to keep your offer as close to the asking price as possible. Never assume that other buyers will bid lower than the asking price. If you think like a seller, youíll have a better shot at getting the home of your dreams.     


Donít Ask For Too Much

Nothing annoys a seller more than too many contingencies. Many buyers can get carried away here. Itís a good idea to speak with your realtor about the reality of what you hope to get in return for purchasing the home. Your agent can help you to figure out whatís a necessity to ask to be done in the home and what isnít. 

You Didnít Get Pre-approved

Getting that pre-approval letter is oh so crucial to finding the right home. The seller wants the process to go as smoothly as you do. That means you need to get pre-approved before you even head into the field to search for a home. Some sellers may also only consider bids made by buyers who have been pre-approved. 

If you do your research, youíll be able to compete in any type of housing market. All you have to do is be prepared!  


To get your offer accepted on a home you love, you need to do your homework. As a buyer, you want to keep the needs of the seller in mind. Although you want the best deal for yourself, you're more likely to get a property that you want if you compromise a bit. 

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