How to Make a Counter Offer When You Feel Your Home is Worth …

Mar 30, 2017 · Keep in mind that once you submit your counter offer to the buyers, the ball is in their court. They can either accept your offer, submit their own counter, or decide to walk away …

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What Is A Counter Offer In Real Estate? A Guide For Agents - The …

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Sep 19, 2024 · The initial offer on a home was $300,000, but the property’s market analysis suggests it is worth $325,000 based on recent comparable sales. Dear [Buyer's Agent], Thank …

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FAQs about How to Make a Counter Offer When You Feel Your Home is Worth … Coupon?

What is a counter offer in real estate?

Counter offers are typically handled between real estate agents and are time-sensitive. A counter offer is one of three responses a seller can give to a potential bid — the other two are to accept the buyer's initial offer or reject it outright. The point of a counter offer is to negotiate the best terms and best price for both parties. ...

What is a counteroffer in a home sale?

Counteroffers become part of the home buying and selling process after buyers make an offer on a house and the seller wants to change their deal to fit their sale goals better. In the home buying process, a counteroffer is an offer made in response to the original bid. When a seller gets an offer, they can choose to accept, reject or counter. ...

How does a buyer counter an offer on a home?

Typically, the buyer will initiate a counteroffer after seeing the original offer on a home. The seller then has the opportunity to counter their offer or accept or reject the offer. If the seller chooses to counter the offer, the buyer will then have the same opportunity: They can counter, accept or reject the offer. ...

What happens when you make a counter offer on a home?

She is the author of two books about home buying. When you make a purchase offer on a home, the sellers may respond with a counteroffer. You can accept it, reject it, or make a counter offer in return. ...

Can a seller make a counter offer to more than one buyer?

Depending on the state where the real estate transaction takes place, a seller may or may not be able to make counter offers to more than one buyer. That said, most real estate agents advise against multiple simultaneous counter offers, as it could end up in two legally binding contracts for the seller. How Long Does the Process Take? ...

How do I make a real estate counter offer?

One of the first steps in making a real estate counter offer is knowing what can be negotiated: • Possession date. Giving the sellers more time to move out could mean an exchange for a condition the buyer desires. Buyers hoping to move in sooner might make a counter offer requesting an earlier possession date. • Personal property. ...