What to Know About a Real Estate Counteroffer
Posted by Guy Amato on
What do you do when counteroffering?
A counteroffer in the home buying process refers to a return offer given by the seller in response to the original bid. When a seller gets an offer, they can choose to accept, reject or counter. In return, if the seller makes a counteroffer, a buyer can choose to accept, reject or counter it.
If you’re selling your home, you’re going to have to get comfortable with the concept of negotiation or you’ll forfeit money and conveniences for the sake of being nice.
Counter offers are your chance to secure a contract for the price you want on your terms, make decisions on where you’re willing to compromise, and find out if potential buyers are willing to play ball.
Once the buyers of your house have made a…
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