Generally, most real estate agents do not recommend that sellers make multiple counteroffers at once, as it could lead to two legally binding contracts simultaneously.2 Frequently Asked Questions (FAQs) How do I write a good counteroffer?
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 concerning the ability of the seller to change conditions with ...
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 assist brokers and their clients with this process, Wisconsin has created a standard form counter-offer form. ...
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 to that original offer and may change the terms of the deal, including the price. The price may be greater or less than what was originally quoted, d...
Real estate offers and counteroffers play an important role in real estate negotiation. Check to see if your knowledge of the topic is good enough...
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...
Real Estate Broker Kathy Marlowe Featured in the Sarasota Herald-Tribune Summary: Although some are concerned it will impact salary structure, counteroffers have rising this past six months as staff retention finally becomes a key priority. Counteroffers on the rise to retain staff forget about co...
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...
How well your counteroffer on real estate will be received depends upon the real estate market, urgency or lack thereof of the seller, and interest of other customers in the property. The same holds true when you purchase cars, either from dealers or private sellers. You can almost always ...
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 ...