[plexiform]

I'm looking to buy my first commercial/mixed use property and I've made an initial offer which has been denied by the seller. Yes it was a lower offer and comes with a contingency of selling my existing home but it was by no means an insulting offer in my mind. Or maybe it was and I just didn't realize it.....I offered just under 20% lower than asking.

My accountant tells me the Cap Rate is 2% at the asking price and that he would have offered 65% of the asking price. I thought that was really low so offered much more.

I realize any contingency offer is less desirable but I am confident my house will sell quick, but not confident enough to remove the contingency as the worst case scenario (committing to buy the new place and still own my current home) would be unsustainable for me.

What is the best strategy to re-engage a seller to make sure my next offer sticks? Appreciate your experienced recommendations.