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Making an Offer on a Home |
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Your offer to purchase Counter offers Home warranties Real Estate Glossary |
Counter OffersAfter you make an offer on a home, the seller can accept, reject, or make a counter offer. A counter offer is a response back from the Seller modifying the original terms of the offer which as the buyer originally made on the property. Your REALTOR® will be the one to relay the seller's response back to you. If the seller rejects or counters your offer, you may decide to pursue the purchase further by making a Buyer's Counter offer. Your Realtor will help you with your counter offer. It is best that your negotiations with the seller be in writing using counter offer or sales addendum forms. Before you accept any counteroffer, you should carefully review all changes to the contract which may include additional mortgage financing. |
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