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?
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. ...
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...
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...
1. What is one example of a contingency in a real estate offer? Requiring a professional inspection Requiring the seller accept the offer price Requiring the agent not show the home after the offer is accepted Requiring a clean title 2. What is the difference between the listed sales ...
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 ...
Counteroffers give the original offerer three options: accept it, reject it, or make another offer and continue negotiations. Parties are not obligated by a contract until one accepts the other’s offer. Counteroffers are common in business negotiations and transactions, such as real estate deal...
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 ...
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...
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...