We asked real estate experts for their best tips for getting back on the housing market.
How common this is depends on the market in which youre house hunting.
Here in Lehigh Valley, Pennsylvania, our supply issue is critical.
Credit:Getty Images / Thomas Barwick
This translates into two truths.
One: Disappointed prospective buyers are in good company.
Here are some strategies they give for bouncing back in your search for a new home.
Oftentimes homes are just outside of your preferred area so they didnt come up on your search.
It was a lot different than the other houses, too, she says.
But it felt the best.
And Im really happy with my decision.
Its smart to do it proactively, as well.
I pick up the phone and say, Im going to write an offer on your property.
Its not always about the price.
There are all kinds of buttons that could be pushed.
Financially Strengthen Your Offer
There are ways to do this that dont necessarily involve making a higher bid.
(This money will make it to your escrow account eventually, anyway.)
Find a way toput more money down.
Talk to a mortgage broker to see if theres an alternative loan program that could strengthen your offer.
But in very competitive markets,consider waiving the inspectionaltogether.
Its completely understandable if doing so makes you nervous.
It was the difference that finally got her next bid accepted.
The easier you could make it on the sellerthe more flexible you could bethe better, Gross says.
Stay Positive and Patient
Even the biggest bright-siders among us typically need a pep talk post-bid rejection.
Its disappointing and frustrating, and all part of the process.
Too often, buyers get hung up on the home they missed out on.
It becomes a topic at every showing, and they just cant get over it, she says.
But getting stuck in this mindset can hold you back, preventing you from connecting with other homes potential.
Home buying is often a marathon, not a sprint, Poulos says.
The right home is still out there.
