Charter One Realty - Office A
Neil Castellane, Charter One Realty - Office APhone: (843) 338-6345
Email: [email protected]

What to Do If a Buyer Rescinds an Offer to Purchase Your House

by Neil Castellane 03/15/2020

If a buyer rescinds his or her offer to purchase your house, there is no need to stress. In fact, there are many things you can do to rebound quickly, such as:

1. Address Any Problems with Your Home

Try to find out why a buyer chose to walk away from your residence. That way, you could receive valuable insights into any problems with your home.

For instance, if a buyer discovered myriad home problems during an inspection, you may want to devote time and resources to address these issues. Or, you may want to reduce your house's initial asking price.

You may want to hire home improvement professionals to perform assorted property upgrades as well. By doing so, you can receive comprehensive assistance with home repairs and ensure any property issues are resolved immediately.

2. Promote Your Home to Buyers

A home deal that falls through is not the end of the world. Thus, you should be ready to re-list your house and promote it to buyers. Because if you reenter the housing market, you can move one step closer to selling your home.

As you promote your home to buyers, you should keep your residence looking great both inside and outside. This will help you boost the likelihood that buyers will fall in love with your residence as soon as they see it.

Don't forget to consider the buyer's perspective, too. If you think about why a buyer might choose your home over other available residences, you may be able to highlight your house's distinct features to the right groups of buyers.

3. Consult with a Real Estate Agent

Let's face it – you may feel disappointed and frustrated if a buyer rescinds his or her offer to purchase your house. But if you work with an expert real estate agent, you can get the help you need to streamline the house selling journey.

A real estate agent understands what it takes to sell a house, and he or she is ready to assist you in any way possible. First, a real estate agent will learn about your home and ensure you can promote your residence to the right groups of buyers. He or she next will showcase your residence to prospective buyers and host home showings and open house events. Finally, if a buyer submits an offer to purchase, a real estate agent will help you review the homebuying proposal so you can make an informed decision.

Best of all, a real estate agent can help you minimize stress as you navigate the home selling journey. If you ever have concerns or questions during this journey, a real estate agent will respond to them immediately.

The home selling journey may be complicated, and ultimately, a buyer may choose to rescind his or her offer to purchase your residence. However, if you take advantage of the aforementioned tips, you can stay calm, cool and collected in the face of adversity. And as a result, you may be better equipped than ever before to seamlessly navigate the home selling cycle.

About the Author
Author

Neil Castellane

About Neil

I have been selling Real Estate in the Lowcountry for over 21 years. With sales of over $100 Million and hundreds of transactions under my belt, I have the knowledge, experience and proven track record to help you find a new home or sell your property. I am a member and former board member of the Hilton Head Area Association Realtors. I am also a member of community service based organizations including VanLandingham Rotary and have spent multiple years on the board, and am a founding member of the the local Civitan organization.  

About Larry

I have been working with buyers and sellers on Hilton Head for 30 years. I know the Island and the Lowcountry area and have been tuned into the dynamics and changes that have taken place here over these many years. I have specialized in new construction and ocean oriented property in the Lowcountry. However, I have represented clients in over a quarter of a billion dollars in sales all over Hilton Head Island and Bluffton and in all types of property.  I am a member of the Hilton Head Area Association of Realtors and a lifetime member of the Distinguished Sales Award.  My wife, Dawn, and I have 3 children - Jonathan, Stephen, and Abigail.  All of us enjoy being involved in the community, primarily through sports, school, and church. I came down here to sell real estate and have never looked back.  I can’t imagine a better place to live and raise a family.  I can help you with villas, golf-oriented properties, plantation homes, oceanfront or rental opportunities.  Call me today for any and all of your real estate needs in the Hilton Head Island, Bluffton and Lowcountry area or e-mail me at [email protected].

My Promise to you

Contact me today and get the representation you need to find property on Hilton Head Island and the surrounding Low Country. Get the facts: Rental quotes, costs and hidden fees, past sales, floor plans, current MLS and FSBO listings, even properties that are not currently listed for sale yet. I have the knowledge and experience to give you ONLY the BEST service and all at NO COST TO YOU!!! My record speaks for itself and my clients will tell you, ALL OF THEM!!! Desire...that sums up my persona in one word. The desire to accomplish goals in the work place, in the community, and in my personal life. Since moving to Hilton Head Island and working with the Charter One Realty, that concept is stronger than ever. A resident for over 21 Years, I have already established a foot hold in the community.