Don’t Make These Mistakes When Buying in Texas

Carratala Group Real Estate Video Blog

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There are plenty of reasons why sellers in Texas reject offers, but three stand out among the rest. We wanted to share them with you so you don’t ever make these mistakes when searching for a home you love.

1. Price is too low. If a property just hit the market, it’s important to submit an offer at a realistic price, especially if it’s a hot listing in a hot price range where there will be multiple offers. If it’s early, a seller will likely wait before countering. In Texas, if a seller doesn’t like your offer, they don’t even have to reply. They might even be too upset to counter if an offer is too low.

2. Selling agent is a jerk. We sell a lot of properties, and when it comes to multiple-offer situations, some agents can get pretty aggressive when it comes to submitting an offer. They might scream at the agent, be demeaning or give ultimatums for offers. Make sure your agent is professional and polite.

3. Buyer doesn’t meet the seller’s needs. This is a huge one. A seller might need a bit longer to close, so you could offer to do a leaseback. Maybe the seller wants more earnest money, so offer more earnest money. If a selling agent puts in the financing terms that it’s a conventional or cash property, don’t submit an FHA contract! We just had a property with 35 showings in the first week on the market and 12 offers. We had nothing on there about FHA financing and yet, five of the offers were FHA.

These are the top three reasons your offer may not be accepted. If you’d like to hear more reasons or have any questions we can answer, please don’t hesitate to give us a call or send us an email!