Question: We recently made on offer on a home, the owner counter-offered, we turned down the counter-offer. A few days later we e-mailed the broker that we would like to make the same offer again. A couple of days later the broker called and said the owner was considering our offer. A few more days passed, we heard nothing from the broker, but we decided to go with the owner's counter-offer if the seller turned us down again.
The call never came from the broker. Instead an e-mail was sent saying the owner didn't accept our original offer and that the home was now under contract. Now we think we should have been given the first chance to accept the owner's terms instead of it being sold to someone else. The home had been on the market for more than a year so it wasn't like there was a great demand for it. What do you think?
Answer: You were given any number of chances to buy the property. First you made an offer that was not accepted. Then the owners made a counter-offer that you could have instantly accepted -- but did not. Then you re-submitted your original offer and it was not accepted by the sellers. Lastly, you want another chance at the counter-offer you first rejected but by this time the owners had accepted a bid from other purchasers.
The bottom line: You had your chance. There are many players in the marketplace. The fact that the home did no quickly sell does not mean the owners are required to sell on your terms. Lastly, an offer or counter-offer once rejected is dead and need not be re-considered.
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