Legal Question in Real Estate Law in Pennsylvania
House buyer's blues
I have been trying to buy a house with no success. I have made two offers on houses which have both gotten rejected. The first offer was for a house that was a ''fixer-upper'' and owned by the mortgage company. We were the highest bidder by $5000. The second house was a ''move-in-condition'' house that we again were the highest bidder on. The first house that we made an offer on rejected us because of our loan status (we have a Rural Housing Loan), feeling that they would get their money sooner by accepting the lower offer. The second house that we made an offer on had no reasons. We made the first offer, the highest offer, but were still denied the house with no reason given. My question: can we be denied a house because of our type of loan? And also, does the seller have the right to accept the lower offer with no apparent reason for this?
Thank you.
1 Answer from Attorneys
Re: House buyer's blues/offers rejected by sellers
A seller of a house has no obligation to accept any one offer. The only limitation may be that the seller may not discriminate based upon sex, creed, color or race. Assuming none of these questions exist in this case, the sellers had the legal right to reject your offer.
At present, it is a seller's market and you are not alone in facing rejections. My advise is to simply keep your chin up, keep trying and do not be discouraged by rejected offers.
I trust this has been helpful, but feel free to call or e-mail with any questions.