You've been looking around for the perfect house, and unfortunately, didn't act fast enough on one that you now know is just perfect. Here we are, still in the midst of a buyers market, and you didn't even have a day to think about it.
Is there anything you can do to still try and procure that home? YES.
The most important thing is to act FAST. It is not a "slam dunk" opportunity by any means. The home is technically NOT available. Have your agent get your pre-approval letter in order specifically for this house, and write up your VERY BEST OFFER, as if you were in a bidding war, and ask your agent to submit it to the listing agent. On occasion. I have asked my buyer- clients who were in this situation to also write a letter addressed to the seller, that I will tweak if necessary.
Most buyers and many sellers do not know that every offer MUST be submitted to the seller up until the day of closing, unless the seller has specifically requested in writing that they no longer wish to receive offers after one has been accepted. Now tell me, what seller would really do that?
If your offer is a good one, and offers a great price and terms, the seller may just kill that other deal if the buyer tries to renegotiate after a building inspection, which is usually within one week of the offer. Once negotiations are opened again, it's a new ballgame. If your offer is worth it, you may just get that house yet.
A note From Judy: If you have a question about buying or selling Real Estate in Fairfield County, and are in need of representation, I invite you to contact me, and if you have an idea for a topic that you would like to see on The CT Realty Blog, please include it in the "Post a Comment" section link below this post. We appreciate the feedback and look forward to providing you with the best real estate content, advice and service in Fairfield County, Connecticut.