If the seller rejected your offer because it was too low, then you had the right to make another offer which was higher. But if the seller had already accepted another offer because your offer was not high enough, then the sales process is concluded and done. It is not really clear what you are asking, but these are a couple of possible scenarios.
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My colleague is correct. Many times, there are multiple offers for one property. If your offer was rejected because it was too low and the seller already accepted another offer, then the process is done.
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