Does an Indianapolis Home Seller Have To Accept My Offer?

Does an Indianapolis Home Seller Have To Accept My Offer?

You might be thinking that if you make an offer to an Indianapolis home seller that it will automatically be accepted. Actually, this is not true. There are a lot of different reasons why a seller may turn down your offer.

Here are the 3 top reasons why your offer may not go through.

1. Contingencies

A contingency is a condition that must be met in order for the contract to be considered as legal. A common contingency is the buyer must be able to sell his Indianapolis home before a certain date. If a seller does not like any terms of the contingency he can refuse the offer.

2. Price

There are some people that offer crazy low prices for Indianapolis real estate in the hopes that the seller may accept it. Almost all of these offers are turned down and it would take a lot of desperation for a seller to take a very low offer. Any offer that the seller receives in terms of price can be turned down.

3. Move-in date

In some cases the buyer and Indianapolis home seller have conflicting dates for the move to occur. For instance, a seller may need to move within the next two months and the buyer is looking for a window of 6 months. In this case it may not work out, even though everything else has been perfectly set in place.

These are the most common reasons why an offer may be turned down. If you are planning on sending in an offer to an Indianapolis home seller, don't be surprised if it gets turned down at first. Usually some negotiation needs to take place before it is accepted.


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