What To Do When Your Knoxville Offer Gets Rejected

You’ve finally found the perfect Knoxville home for sale. Your mind is made up and you’ve got your heart set on buying it. You spend a few hours thinking about the perfect offer, only to find out that your offer has been rejected by the seller.

So, what do you do now?

There is nothing more heartbreaking for a buyer than missing out on a home for sale. If you’ve had your heart broken by a seller, here is what to do when your Knoxville offer gets rejected.

Move On

Once an offer has been rejected, the best thing that you can is move on. Oftentimes, when an offer is refused, it’s because a seller has accepted another offer. At that point, there is absolutely nothing you can do to win the house, which is why it’s better to just move on.

While it can be hard just to move on, it’s really the only thing that you can do when your offer has been rejected. You still need to find a house, so you need to cut your loses and find something else. Moving on doesn’t mean you have to settle for a lesser house, it just means that you need to find a different one.

Keep Searching

The good news (if there is any) is that once you’ve found a house that meets your needs, you at least know what you’re looking for. You’ve got your housing needs narrowed down, which can help make your search easier and more efficient.

The only way to find the next great house is to keep searching what is out there. Don’t waste your time looking at things that don’t meet your needs. Yes, it can be hard to feel like you’re starting all over again in your home search, but you’re really not. You’ve learned somethings along the way. Use the knowledge you’ve gained from looking at other homes to make the rest of your search easier.

Learn From It

When an offer gets rejected, there is always something you can learn from it. While this may not be something you particularly want to learn from, you might as well take something away from the situation.

Here are just few questions to ask yourself when your Knoxville offer gets rejected —

  • Is there a reason why your offer got rejected?
  • Could you have done something differently?
  • Did you do something to offend the seller?
  • Did you take to long to write an offer?
  • Did you offer too low of a price?

By reflecting back on what you may have done differently, you can make your offer better for the next time around. Anything that can make your better offer for the next time around only makes you a better buyer.

Don’t Take It Personally

When you’re offer gets rejected, it can be easy to take it personally. While there are emotions involved in make an offer, for most sellers it is still a business decision. It’s nothing against you, the seller may have just gotten a better offer from someone else. Sure, some sellers can be quirky, but for the most part, why your offer was rejected has nothing to do with you.

While reject can have a bad sting, don’t take it to heart. Learn from why you got rejected so that the next time around you win the bid.

Know Things Will Work Out

It can be hard to take a rejected offer, particularly when you’ve been in love with a home. You may not believe it, but things do have a way of working out for the better.

Oftentimes, when a buyer misses out on a home, then eventually find a home that fits their needs even better than the previous homes.

Are you thinking about buying a home this year? Please let Knoxville Home Team know if there is anyway that we can assist you in your Knoxville home search. Rick can be reached at 865-696-9002 or via email at Rick@KnoxvilleHomeTeam.Com. Kati can be reached at Kati@KnoxvilleHomeTeam.Com.

Also, be sure to check out our Knoxville Home Search Page to see what homes are for sale in the area.