When a seller rejects an offer, it's essential to handle the situation professionally and maintain open communication with the other agent involved.
Here's a step-by-step guide on what you can do in such a situation:
Inform the other agent promptly: Reach out to the buyer's agent as soon as possible to let them know that their offer has been rejected. Being prompt in your response shows professionalism and respect for the other party's time and efforts.
Provide reasons (if possible): If the seller has given you specific reasons for rejecting the offer, share these with the other agent. This can help the buyer's agent understand the seller's perspective and potentially address any concerns in a future offer.
This Offer Rejection email template is available in FUB
Hello Agent,
Thank you very much for presenting your clients' offer to purchase property address. Unfortunately, at this time my seller has decided to go with another offer. If for any reason this property becomes available again, I will reach out to you.
If your clients are looking for a further explanation (Keep, edit, or delete any of the following)
My sellers received X offers
X offers were at or over asking price
X offers were waiving inspections or completing them for informational purposes only
Other offers were at higher price
Other offers contained additional terms desirable to my sellers
The offer my client went with at this time was not only strong financially, but also in terms. I hope this helps with any questions your clients have in regard to my seller's decision. Thank you and good luck to your clients in their home search.
I wish you and your client luck on their property search.
Keep the conversation open: Encourage the buyer's agent to discuss the rejected offer with their clients and gauge their willingness to make any adjustments or improvements to the offer. They may be open to making changes, especially if they receive constructive feedback.