1st REO offer rejected....next step

[Daria B.]

So my 1st REO offer was rejected with no explanation. This has been on the market since 12/2015 with 2 price drops.

The only 2 sold comps were considerably lower than my offer and they were 2/1 and 1/1 with less square footage and much older. The subject is 3/2 1492 sq ft.

Year of new systems: HVAC (2015) and Roof (2009)

How do the experienced deal with this?

I've looked at raising the offer to within my strike price.

Also, again if it appraises lower than my offer (if accepted), I have no equity. :/

Thanks