Dear Monty: We made an offer on a home through our agent that is $400k overpriced at $1.3 million. Our agent researched the comparable sold homes in the area. They recently listed the house. They rejected the offer. Sixty days later, we tried again, removed several contingencies, and left the price as before. Their agent responded, telling our agent he was not presenting our offer because the seller was disgusted with our original offer. The seller’s agent is not returning our agent’s calls. We have learned that the seller never lived in the home and rented it out. We don’t want to give up because the house is the best we have seen. What can we do to rekindle the negotiation?
Monty’s Answer: The best way to rekindle the relationship is to raise your offer, maybe considerably higher, to get their attention at this point. You may have to pay more than the house is worth if it is the best house you have seen. That could be why they are attempting to get more. Here is a Dear Monty article that describes home sellers’ different motivations, which may be helpful.
