Profile picture for sadlisa60

If the negotiation at the offer fails Can you go back and offer on the same house later?

We bid on a home we loved(impulsively) and are stuck with too high an offer(for us) but not for the seller. If this transaction fails, can we offer on the same house at a later date if it remains on the market?
  • January 11 2010 - Fort Collins
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Answers (9)

If the contract falls due to inspection, appraisal, loan conditions etc then yes you may offer on the same home at a lesser amount. 
  • June 01 2014
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Profile picture for David Widlund
If you made an offer, the offer was accepted, the inspection issues were resolved and you are approved for financing, my understanding is that you may walk away and lose only your earnest money. I haven't heard of anyone going after a buyer who changed their minds, although a real estate attorney may be able to clear that up for us. My belief is that if you walked on this contract offer, that the sellers would be ill-advised to accept another offer from you unless you brought a stack of hundreds along with the offer to pay in cash on the spot.
  • November 16 2010
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If you are under contract currently with an accepted offer, the home will need to appraise for the contract price in order for you to get the loan on the property, if you are not paying cash. If that appraisal comes in lower than the contract price, you can then bring that appraised price to the seller with a contract amendment before your appraisal deadline or loan conditions deadline and have the price be adjusted to the appraised price, which should be fair to both parties, if the sellers are willing to do so. I have had the appraisal come in less than contract twice and in both instances, the sellers agreed to adjust the contract price to the appraised price. However, if it appraises for the contract price, then the whole idea of 'stuck with too high of an offer' is subjective and you will have a hard time getting the sellers to change it midstream. There is also the negotiation tool however, of the home inspection. If things come up in the home inspection that need to be fixed and you feel you are paying a premium price, then your agent can ask that in order for you to stay under contract with the current price, that the seller pay some of your closing costs to offset the expenses you will incur in fixing the inspection issues. In that way you may be able to improve your bottom line ethically.
  • June 08 2010
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Profile picture for RobertTalas
What are the terms of your contract? If your offer is too high because you do not qualify for financing, you can talk to your attorney and the sellers attorney and try to get the house at a lower price. This is a buyers market!! I can help you with financing and pre approval for your home purchase if needed. Please email me at [content removed by moderator due to self-promotion]
  • January 12 2010
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You need to speak to an attorney and your agent about your situation because it sounds like you might try to breach your contract and there could be legal ramifications for that.

Your agent or any other agent should not be advising you on how to breach your contract.

  • January 12 2010
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Profile picture for navydooood
YES, but if they dont take the higher price.....they probably wont accept the lower price!
  • January 12 2010
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I'm confused---but sounds like you are a party (the buyer) to the current contract on the house...

and YES---if this deal falls apart for a bona fide reason per this current contract, you could submit another offer on this house later.



  • January 12 2010
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I think we don't know the whole story "Stuck with too high an offer?" "If this transaction fails?"

Did you make an offer, and another buyer got their offer accepted?
  • January 11 2010
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Absolutely. Whether they would entertain your future offer is up for question.

Did you have a finance contingency (where if the home doesn't appraise for contract price the deal is off)? If so, and the home doesn't appraise, you can certainly use the opportunity to renegotiate the terms of the original purchase agreement.

  • January 11 2010
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