Best Practice: How to Reject an Offer On Your House
Just received an offer on your house but it's not quite what you were hoping for? Let Love Homes help you !
Tips For Handling An Offer On Your House
At Love Homes, we often find that our clients worry about refusing unappealing offers on their property. In the UK, we are famous for being polite. In fact, in a British Council survey, it was revealed that 46% of overseas respondents thought that politeness was the best thing about Britain!
However, when it comes to selling your home, being polite can cause you a lot of problems, especially if you receive an offer that’s less than desirable. You should think about the sale of your home, more like a business transaction, and it’s important to remember that there’s no obligation for you to agree to an offer.
In fact, you don’t need to sell your property, even if it’s listed for sale. You own your home, you can change your mind, and if you’re not in any rush, you can wait for the offer you want.
When advising sellers in Bedfordshire about handling offers on their property, we recommend the following.
1. Respond Quickly
If a potential buyer submits an offer that you wish to reject, don’t keep them waiting. Some buyers will be looking to negotiate, so make sure that you let them know where they stand so that negotiations can be opened.
2. Present Your Counter Offer
If you’re unhappy with the offer, it makes sense to let the prospective buyer know the amount you’d be prepared to accept. Many buyers will start by putting in an offer well below the figure they’re actually prepared to pay. In fact, around two-thirds of buyers are willing to negotiate to obtain their dream home at their desired price.
At Love Homes, we will always help you negotiate the best price for your property.
Is Rejecting An Offer Ever Unacceptable?
You’re under no pressure to accept an offer on your property. You’re perfectly entitled to say no to any offer without explanation so long as you aren’t rejecting the offer for a discriminatory reason under the 2010 Equality Act.
That doesn’t mean you should be rude with your rejection, though. Ideally, you should present a counteroffer. Keeping things polite and professional is the best way to ensure everything runs smoothly when selling your property.
If you’re ready to sell your home in Bedfordshire, don’t hesitate to give our professional team a call on 01525 713111 or drop us an email at hello@lovehomes.uk. We will help you achieve the best price for your property and smooth the way to a successful sale.