What can a buyer do if their offer on a property is rejected?

A buyer whose offer on a property is rejected has a couple of options available, but the most common and practical route is to withdraw the offer or submit a new one. This approach allows the buyer to reassess their position, possibly increase their offer, or modify the terms based on the feedback received from the seller or their real estate agent.

Submitting a new offer may take into account the reasons for the rejection, such as pricing or specific contingencies that the seller found unappealing. By adjusting the offer, the buyer can demonstrate their continued interest in the property while also attempting to meet the seller's expectations more effectively.

This process encourages constructive negotiations and can lead to a successful agreement if the buyer’s new proposal aligns better with the seller’s objectives and circumstances.