Hi Themestime! Welcome to Themeforest! Just took a quick look. Some big things that jump out at me: justified text is always a big “no”. I would get rid of that immediately. How does the theme handle images? Blog images? Page Layouts? Everything looks VERY basic at this point. Other themes offer significantly more in terms of design and functionality.
As of right now, I don’t think it would get accepted to the marketplace, based on the fact that the design isn’t quite there (there are some significant typography and visual hierarchy/spacing issues). Typically those issues can be overlooked if the functionality of the theme is crazy-good or very unique. The theme has neither, at this point in development. Keep going with it!