Could a Seller Reject Your Offer Because You Asked for Too Many Contingencies?

Dated: December 15 2020

Views: 166

Could a Seller Reject Your Offer Because You Asked for Too Many Contingencies?

If you’re like most people buying a home in Vero Beach, you know that your REALTOR® will help you put together your offer. But could a seller reject your offer if you ask for too many contingencies?

Absolutely.

Here’s what you need to know.

Could a Seller Reject Your Offer Because You Asked for Too Many Contingencies?

Sellers can reject an offer for just about any reason – so when you’re creating yours, you should know that the more you ask a seller to do before you’ll agree to buy, the lower your chances of an approved offer are.

For example, you can ask a seller to repaint the home’s interior, replace the flooring in the living room, repave the driveway and install LED lights in all the recessed fixtures while noting that you’ll be willing to pay the home’s full list price. However, if someone else comes along and asks for less while paying the same amount (or perhaps even paying less), the seller is statistically more likely to choose the easier path.

Sellers certainly think about profits when they’re putting a home on the market, but they also think about their time; they’re moving, too, just like you are.

That doesn’t mean you shouldn’t ask for concessions. However, it does mean that you should discuss what you want with your REALTOR and figure out what’s feasible before you submit an offer that asks for a lot of work on the seller’s part.

Why You Should Talk to Your REALTOR About Concessions

Your REALTOR will use his or her experience to help you put together an offer that’s most likely to get approval. The bottom line is that if there are other buyers who are unlikely to ask for the same concessions you’re asking for – or if there are other buyers who are willing to pay more for the same home – there’s a good chance the seller will reject your offer.

Are You Buying or Selling a Home in Vero Beach?

If you're considering buying or selling a home in Vero Beach, we're here to help. Check out our: 

You can also get in touch with us to learn how we can aggressively market your home to all the right buyers. We can help you sell it quickly - and at the right price - so call us today.

Blog author image

Chip Boyer

Chip is the IT Manager for Alex MacWilliam Real Estate. He handles the technology needs of the company as well as helping agents in their day to day problem solving.....

Latest Blog Posts

2 Myths About Selling a Home in Today’s Market

Today’s seller’s market has without a doubt been more competitive than in years past, and homeowners who list their properties expect to see significant gains. But not every home fetches

Read More

2 MORE Misconceptions About Selling a House in Today’s Market

2 MORE Misconceptions About Selling a House in Today’s Market In this competitive seller’s market homeowners who sell their properties often see significant profits. But this hot

Read More

4 Unexpected Household Uses for Hydrogen Peroxide

4 Unexpected Household Uses for Hydrogen Peroxide  Hydrogen peroxide may be good for disinfecting things like cutting boards and toothbrushes, but it has lots of other uses around the house

Read More

7 Super-Easy Curb Appeal Tips to Help You Sell Your Home

If you’re like many people who are thinking about selling a home in Vero Beach, you’ll be glad to know that it’s easy to make a great first impression by using these seven super

Read More