7 Counter Offer Letter Templates Sample Templates

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A real estate counteroffer is made by the home seller after having a buyer has submitted an offer to purchase and the offer includes terms that aren't agreeable. Typically, a counteroffer states that owner has accepted the buyer's offer subject to a number of changes.

Why Has the Seller Countered?Counteroffers typically talk about things such as changing the total consideration to be payed for the house to an increased price or increasing the size of the earnest money first deposit. The seller might won't purchase certain accounts or fees.

Changing the closing or possession time is another common reason for a counteroffer, as is excluding or adding personal property from the deal. The seller should alter contingency time structures or have deposits released early. She might want to add amendments.

It's also possible that the offer itself is actually fine, however the seller wants to fix a buyer's agent's problem.

JUST HOW MANY Counters Are Normal?Just like a owner can submit a counteroffer to a buyer, a buyer can counter the seller's counter, which then becomes a counter-counteroffer or Buyer Counteroffer #1. There is absolutely no limit to the amount of counteroffers that can go back and forth.

Here's an example of five counters on a house that was stated at $415,000. The buyer had submitted a lowball offer of $400,000. This is the effect:

Counteroffer #1 (from retailer to buyer): Seller counters sales price to $412,000. Washer and clothes dryer included without guarantee.Buyer Counteroffer #1 (to seller): Buyer counters sales price to $405,000. Washer and dryer included without warrantee.Owner Counteroffer #2 (to buyer): Seller counters sales price to $409,900. Washer and dryer excluded from sale.Buyer Counteroffer #2 (to retailer): Buyer counters sales price to $407,500. Washer and dryer to remain as personal property.Retailer Counteroffer #3 (to buyer): Seller agrees to sales price of $407,500. Refrigerator, washer, and dryer excluded from deal.The buyer finally accepted the fifth counter.

How Is often a Counteroffer Rejected?The seller is not required to react to an offer.

Of course, this doesn't imply that the brokers involved might possibly not have earned a commission rate if the seller refuses to respond to a full-price-and-terms offer. The broker agents might still demand payment if the list and state law allows it. A nonresponse doesn't necessarily alleviate the seller's responsibility to the broker.

That said, there are a few common ways to reject an offer. Many purchase contracts provide a location near the lower part for owner to primary that the offer has been declined, or a vendor can write "turned down" across the face of the contract then first and date it.

The listing agent can email the buyer's agent to talk the fact that the seller will not react because the offer is undesirable but retailers generally aren't necessary to formally reject an offer in writing.

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