When Or How to Reject an Offer on Your Home

Selling your home has its obvious challenges, and one of those is deciding when or how to reject an offer. Though initially it may appear to be easy to do, there are things to consider before making your final decision. You should reject an offer if:

• The selling price is so low that the buyer does not appear to be serious
  


• Your listing is fairly new and settling on a lower offer is too premature
  


• Your selling agent is not acting reputably and providing less than secure offers based on threats or ultimatums
  


• The listing agent has a more competitive buyer willing to make an offer
  


• The potential home buyer is not willing to wait until your closing date
  


• The potential buyer is not willing to put down a deposit
  


• The potential buyer cannot meet the financing terms agreed to
  


• The potential home buyer is not willing to accept the property as it is after an inspection is done and expects all renovations or repairs to be deducted off the listing price or to have them done prior to agreeing to an offer
  


• The potential buyer is not willing to provide proof of financing with a pre-approved letter from their mortgage lender
  

You should always put your rejection of an offer in writing to the potential buyer as this is required by law. Then you need to explain the reason for rejecting the offer out of courtesy. Most importantly keep the letter professional, the negotiation process may take several rounds of offers and counter-offers. By keeping a congenial demeanor, you may be able to come to an agreement after all.

When Or How to Reject an Offer on Your Home