These days, buyers often want to “test the waters” by making their initial offer on a property quite low. After all, nobody wants to pay more than is absolutely necessary.
In many cases, a seller will simply counter an offer with terms acceptable to them. It’s also an excellent strategy for them to determine if a potential buyer is serious.
But some sellers are impatient and simply reject offers, which is their right. However, this doesn’t mean that all is lost.
Both buyers AND sellers are always free to reignite the process with a fresh offer at any time. This is a very common practice with institutional sellers and private sellers are also beginning to catch on too!
So step back, take a deep breath, and start anew! Very often the second time’s a charm!
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