Dealing with a rejected offer
Rejection is a common part of buying a home in Scotland, especially in high-demand areas. Here’s how to stay proactive if your offer isn’t accepted.
Why offers get rejected
- Higher bids from other buyers
- Insufficient conditions (e.g., subject to sale)
- Seller preferring a faster timeline
- Your offer below home report valuation
What to do after your offer is rejected
1. Ask your solicitor estate agent for feedback
- They can often gather insights from the seller’s agent.
- Understand if the rejection was purely financial or based on conditions.
2. Stay in the game
- If the sale falls through, you may be contacted again. Use the My ESPC Watchlist feature to keep up-to-date on properties you love and be notified instantly if they come back to the market.
- Stay informed and keep your solicitor engaged.
3. Review and adjust your approach
- Reassess your offer strategy.
- Consider whether your expectations are aligned with current market trends.
4. Don’t be discouraged
- It’s normal to have multiple offers rejected before succeeding.
- Stay financially prepared and keep monitoring listings.
Emotional resilience matters
Buying a home can be an emotional journey, try not to get attached until the offer is accepted and missives are concluded.