A counter-offer is a form of negotiation during a real estate transaction. It comes in response to an earlier offer to buy a home: Typically, the seller responds to a prospective buyer’s bid on the home with a higher price and/or different terms. The buyer is free to accept, reject ...
A counteroffer normally terminates the original offer, but the original offer remains open for acceptance if the counteroffer expressly provides that the counteroffer shall not constitute a rejection of the offer. TheUniform Commercial Code(UCC)—a body of law adopted by the states that governs co...
The video provider responded to the broadcaster's original offer with a counteroffer. In response, the broadcaster put forth a different offer. Broadcasters step up action on retransmission consent Sarasota, FL, April 05, 2012 --(PR.com)-- Real estate broker Kathy Marlowe of Kathy Marlowe & ...
An encyclopedia entry for the term "counteroffer" is presented. A seller of real property has the right to accept, counter or reject the offer when he receives an offer to purchase for less than the asking price with or without special contingencies or conditions. An explanation is provided ...
From the Offer through Removing Contingencies The advent of services like Redfin and Zillow have made everyone into a real estate genius. You can see what’s for sale, what’s sold, the comps, everything. Don’t let that make you think you know what you’re doing. You don’t. Buying...
Three likely results from a counteroffer The definition of a counteroffer An example of contingency in a real estate offer Skills Practiced You can measure how you're doing with these skills: Making connections - use understanding of the concept of the purpose of a counteroffer and seller...
It's not uncommon for real estate transactions to go through a series of offers and counter-offers between the buyer and seller before closing. To...
Making a Counteroffer The first offer you receive from a buyer is probably not going to come in at your full asking price and it's not going to be perfect. Real estate offers include a great deal more than just price, and you may find, for example, that even if the buyer is willing...
Counteroffers are common in business negotiations and transactions, such as real estate deals, car sales, and employment contracts. Understanding Counteroffers When two parties get together to negotiate a transaction or business deal, one may put an offer on the table. A counteroffer is a reply...
This is not always a simple transaction, and it may be best to find representation by a commercial real estate agent. Even if you work with an agent, you need to understand how you should counter offer. 1. Have a Lawyer Review the Lease Upon your initial letter of intent, request a ...