Searching for the right Ocean Edge condo can be exhausting. You have a list of must haves, and when you find a condominium that fits all of your criteria it is exciting and a huge relief at the same time. You’ve toured the home, made sure every item of your list was checked off and put in your offer. Your offer might have been your best and final or it could have been a low offer expecting to negotiate with the seller to find a price both of you were comfortable with. You have already made a big decision by choosing a condo at Ocean Edge. The amenities, different floor plans and location make condos at Ocean Edge a very desirable place to buy. See our blog “5 Reasons to Buy a Condo at Ocean Edge” for more reasons why buying a condo at Ocean Edge is a wise decision. When you hear back from your real estate agent, they tell you that the Ocean Edge condo seller rejected your offer. The seller did not want to make a counter offer, they just flat out rejected your offer. Rejection without explanation can be difficult regardless of the situation, whether it be when in a personal relationship or when buying a house. However, the bottom line is that the Ocean Edge condo seller has the right to accept your offer, counter your offer or reject your offer.
Don’t Think too Much
Just like with any rejection, you may be left standing there wondering what you did or said to cause the deal to completely fall through. Was it something you said during the open house that offended the Ocean Edge condo seller? Sometimes owners like to be present among the potential buyers to see what kind of feedback they can get for their property. Although it is not encouraged, it does happen. Some sellers do not take the criticism of their property too well, causing them to hold a grudge and potentially the seller rejects your offer as a result. Check out our blog “8 Things You Should Never Say at an Open House” to avoid that problem.
Keep in mind that people sell their homes for many reasons. Some Ocean Edge condo sellers are motivated because they need to move for their job or can no longer afford their home and need to sell it as soon as possible. Others are selling but really don’t have that motivation behind their decision to sell. The owner could be selling during an emotional time in their lives and are not quite ready to give it up just yet. This could cause them to make irrational decisions such as the seller rejects your offer for little to no real reason. It’s important not to take the rejection personally and move on.
Best and Final
If the offer you presented to the Ocean Edge condo seller was not your best and final offer, or the most money that you can pay for the property, it might be a good time to present the highest number you are willing to offer. It is a last ditch attempt to get the property, which the home owner might accept or once again reject. If this is a property that you just can’t get out of your mind and that you feel you need to have, presenting your best and final offer is your only option. After all, what’s the worst thing they can say? No again? Now that the sting from the first “no” has dulled, a second rejection shouldn’t hurt as badly.
On the other hand, they might accept your second offer, realizing that you really are serious about their property. Sometimes when a home owner realizes that someone loves their home as much as they do, they are more willing to accept offers. If you are not working with a real estate agent, it might be a good idea to hire one to represent you. They can speak to the seller’s agent to find out what the sellers might accept, if there are any conditions that would be especially appealing to them to encourage them to sell to you. Check out our blog “Buying an Ocean Edge Condo? Why You Should Consider a Real Estate Agent” for more reasons why it is a good idea to have someone represent you when buying a home.
Forget About It
If the Ocean Edge condo seller rejects your offer and you’ve offered your best and final number, it is time to just walk away from the condominium. Overthinking what happened with this home can distract you and waste your energy that could be better spent on looking for another home. One of the perks of buying a condo at Ocean Edge is that there is a variety of floor plans to choose from throughout the property. If you find that you prefer a certain floor plan, there are multiple units that offer the same layout, increasing your opportunities to buy that style condo. A condo that might even be better than the one you made your original offer on could be put on the market any day, so do not completely give up on your search.
It is important to work with a real estate agent that is familiar with Ocean Edge so they can match you with a unit that is similar to the one that you had fallen in love with initially. They can show you similar and even better units. If a condo comes on the market that can match your list of needs with only a few improvements, your agent would be able to guide you on how to make it happen. Michael Leighton has been the #1 Agent at Ocean Edge since 2004, so he is an expert on Ocean Edge properties. Contact Michael Leighton and his team to see how they can help you find your dream condo at Ocean Edge.
The Ocean Edge Condo Seller Rejects Your Offer
Finding the perfect home can be an exhausting task, but once you do find it and the Ocean Edge condo seller rejects your offer, it can be crushing. If you do find yourself in that situation, the best thing you can do is lean on your real estate agent to make one last push to buy the home and if that doesn’t work, move on. Your real estate agent can help you find a similar or even better property to buy once you move on as long as you are able to put the property behind you and focus your energy on your home search.