You've found your next dream home and excitedly made an offer on it. But the seller has rejected your offer. So where do you go from here?

        Having your offer rejected can be disheartening, but it's important to avoid letting your emotions rule. A rejected offer isn't necessarily the end of the road, however, your refusal to pursue a negotiation because you feel offended probably will be.

        If a seller rejects your offer but presents you with a counter offer, they are telling you they are interested in your offer but not completely satisfied with one or more of your terms. Carefully review the seller's counteroffer with your agent and decide if you're able and willing to accept it as is, or present a counteroffer of your own.

        Note that price is, most often, the reason sellers reject offers. Before accepting or making a counteroffer with a higher price, be sure you're financially equipped to do so, which may involve securing additional mortgage financing. Changes in other terms, like closing dates or repairs, might also require you to adapt your plans. Be prepared before accepting or making another offer.

        If the seller rejects your offer outright without making a counteroffer, discuss with your agent the reason why your offer wasn't accepted. The problem simply may be a misunderstanding on the seller's behalf, in which case your offer could be back on the table and reconsidered.

        If the seller's reason for rejecting your offer is more than a simple misunderstanding, you need to discuss with your agent whether you're capable of and willing to submit a revised offer to the seller.