Is there anything else you can do to get your offer on your dream home accepted after it was rejected? The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that if the property is overpriced and the offer that the Seller accepted is a financed offer then most likely the property will not appraise and the current buyer will have to bring in the difference between the appraised value and the price they offered in order to close the deal. Lenders will not finance more than the appraised value of a property. In most cases buyers do not want to pay the difference. When you made your bid make sure you checked the box that asks if your offer can be retained as a back up offer? If so, there is a very remote chance that your offer may come back up for consideration should the current buyer back out. Check out below to see what sold in The Villas at Northville Hills Golf Club in August 2015:
16909 Lochmoor Circler, Northville: 2 bedrooms, 3.1 bathrooms, 1,926 sq. feet, 2 car garage, Sold Price: $315,000
The Villas at Northville Hills Golf Club Home Sold
August 2015
Sometimes the best thing to do is to move on, but have your Realtor keep an eye on the property just in case the other offer falls through. For more information on The Villas at Northville Hills Golf Club, or similar Northville or Novi neighborhoods such as Blue Heron Pointe, Edgewater and Island Lake Arbors, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.