It still may not be low enough for you to be happy, but it will save you at least a few thousand every time.Great point, Jimmy...This is key for REOs...on many occasions, you will get a flat-out rejection from the bank, but when you get a counter-offer, it's usually at or near asking.

The house was on the market for over 6 months and had two rejected offers before I came along.

One other option might be to offer your price but come in at a higher interest rate so her payments are where she's looking for.Then, you could refi later on with a bank and have the cash flow you want.176k and 5% interest for a house listed at 275k and one she's going to owner finance all but 10k seems like a quick way to get rejected.

I use a local community bank that gave me my first real estate loan after everyone else rejected me.

A few hours later, she called and said the bank rejected the P&S because it wasn't signed by Sunday the 15th.

I've had a bank reject an offer on a property ($70K), then drop the price below my offer ($65K) and accept another offer.

I believe because you did not collect a fee from the applicant you are not required to give a rejected applicant an exact explanation for their not being selected.

If it is rejected let the seller know that they should not lose your contact details as you will take another look in the future.

My question is, what do you find is the best response to a rejected offer?

Offer was rejected by bank.