Hey Valley Village neighbors and surrounding friends. Today were talking about hurdles on the buying side of a transaction.
I've been very lucky with my buyers. By doing the prep work upfront, none of my buyer clients have ever lost out on a property they wanted to purchase! Accomplishing this is a team effort! The buyer has to be in position to make a strong and reasonable offer, while I have to coach buyers on how to present the most palatable offer to the seller, without giving up more ground (be it financial or other terms) than they want to. Then it's own me to pitch the offer to the listing agent and/or seller to convince them that my clients are strong and will get the deal closed!
Finding the right home is a serious process. Just like any other long term commitment, you’ve likely spent a great deal of time finding a home that you love and can picture yourself spending your life in. So what happens when you think you’ve found the right one but the seller rejects your offer?
Here are 3 ways to deal with losing out on the home you had your heart set on.
1. Don’t obsess over the seller.
It is natural to want to know why your offer was rejected and you may want to start to ask questions about the seller’s motives. You could spend all your time doing that research, instead of continuing your search for a home. It may be difficult, but moving on is your best option. You will never know how a stranger is thinking, so rather than heartbreak, keep searching. They may want to come back to the table, but just in case they don’t, it is better for you if you are still trying to find a dream home.
2. If you haven’t put out your best offer yet, now is the time.
Maybe you wanted some room for negotiations, so your offer was lower than what you’re willing to pay for the home. This is the time to consider if this house really is ‘the one.’ If you feel that you are willing to exchange that wiggle room for your dream home, it is time to make that your best offer.
3. Move on when it is time.
If you’ve made your best offer and your seller just isn’t ready, it is time to move on. It can be easy to get hung up on a house that felt like it could be your next home, but you will be thankful that you focused on moving on. Even if it takes time, you will be thankful that you moved on and kept looking when you find yourself in your true dream home.
Just like any other long term commitment, searching for the right home is worth the wait.
Being "home buyer ready" isn't magical. It doesn't happen overnight. It takes time and planning! Regardless of where you are at in your journey to homeownership, I'm happy to help! Just give me a shout!
LUKE ALLEN
Realtor® - ePRO® - PSA® - SFR®
Mobile: 310.497.7754
Email: luke.jonathan.allen@gmail.com
Website: LukeAllenRE.com
Facebook: facebook.com/LukeAllenRE/
Instagram: instagram.com/lukeallenre/
License#02059886
Coldwell Banker
12930 Ventura Blvd.
Studio City, CA 91604
