| Offers and Counter-Offers |
Buyer Tips | Seller Tips | General Tips | Real Estate Glossary
Many of the offers we submit for prospective buyers
aren't exactly what the sellers want; the price may be lower than they are
asking or there might be terms that will require negotiation. What happens after
the offer is submitted?
The seller's Realtor will present the offer to the sellers, along with
the buyer's qualifications. If the sellers accept the offer, then you have a
purchase agreement. If the sellers counter the offer, the next action would be
initiated by the buyers. If you want to buy a particular house, your chances of
succeeding are greater if your offer is as close to the asking price as
possible. You could save money by engaging in lengthy negotiations, but you run
the risk of losing the home if another offer comes in or you risk offending the
seller.
Contact Anita Kay
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