Why Sellers Should Not Reject Buyer's Offers

Posted by Artur Ciesielski on Thursday, August 4th, 2011 at 8:56pm.

By rejecting a buyer's purchase offer you literally tell them to 'bugger off' That's not a good way to sell your home.

This is almost insulting, being rejected, when a offer is reasonable according to market standards. I can understand why a seller would reject an offer if it is outlandish and simply unreasonable, but even then I don't think it's a good idea to reject the offer and it's especially not a good idea for your agent to send an email to the buyer's agent saying 'The buyer's offer has been rejected' or 'Sorry your offer was rejected [, the] seller will not pay for buyers closing costs and he is looking for no more that a 30 day closing.'  

In the second case why not simply call and state what the seller wants rather then rejecting. The buyer was truly interested in the home and was willing to pay top market price and even a little bit over market. He was willing to forego the closing cost and close in 30 days or less, but by not providing a counter offer the seller simply closed the door on the buyer and the buyer pursued another home.

Reflect before you reject.

bike_148Artur Ciesielski | 602.492.8004

Artur is a Realtor and partner with inPhoenix Realty Group and an aspiring flaneur, currently in Phoenix or elsewhere when time allows, which is rarely. You can find him running up miles on this car, cycling the urban streets, in the office on Central or working at one of the many coffee shops in Central Urban Phoenix. 

Related Links
Blog Tags

Be the first to comment on this blog entry!


Leave a Comment