Should you consider declining an offer to purchase your home?

by Celina Vazquez 09/10/2023

When should you consider declining a home purchase offer featured image

Embarking on the home selling journey is a huge undertaking which can be stressful at times. When an offer is submitted for your property, you may feel pressured to accept to keep the process rolling. However, it’s beneficial to review instances when it may be best to decline an offer, so you can maximize your earnings. 

Review the local housing market

The housing market in your city or town is a major factor in the property selling journey. If you're selling your residence in a buyer's market, you likely face steep competition, meaning you may have to make adjustments to the price of your listing or be more open to a variety of offers. 

Comparatively, if you're operating in a seller's market, there’s an abundance of buyers and a shortage of sellers in place. With these conditions it may be more beneficial to decline an undesirable offer as other potential buyers may submit a more favorable offer. 

Understand the strengths of your home 

Before listing your home, it’s vital to examine your home’s strengths and weaknesses to get a better understanding of how these may tie into the offers you may receive.  

For example, if your home is newly renovated and is located near popular attractions, it may be best to decline a low offer as these positive aspects of your home are more likely to draw in other potential buyers who may offer more. 

Consult a real estate agent

When in doubt, it’s best to consult a real estate agent, who can provide professional guidance on whether an offer is best accepted or left on the table. They can compare market trends and similar homes being sold in your area to help you determine if an offer is fair or falls short of expectation.  

Even though the decision to accept or decline an offer for your home can be tough, doing research and relying on expert advice can help guide your choice.

About the Author

Celina Vazquez

Southern California Realtor with over 16 Years of Experience

Celina Vazquez

My name is Celina Vazquez and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you.

I have experience serving clients all over Southern California in both real estate and property management. With over 16 years of experience, I can guide you from start to finish whether it be your first home or your investment.

Shopping around for a realtor is a hassle, and I am here to make it a bit easier with an absolutely free home consultation.

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Call Me Today at (909-697-0823 or Email [email protected]