SUBMITTING AN OFFER & NEGOTIATIONS
When you find the home you LOVE- it’s time to make an offer! We will go over the purchase agreement together, fill in our price and terms, and I will submit it to the listing agent.
The offer MAY include a deadline for the seller to respond to us
(typically around 24 hours, sometimes shorter).
REJECT
If the seller is not satisfied with your offer in any way, or think you are too far apart in price, they may simply reject the offer.
COUNTER
They can choose to send a counter offer, asking to change the price, or any other terms from the original offer.
ACCEPT
If the seller is satisfied with the offer as it is written, they may accept the offer and we’d all move on with next steps!
How counter offers work
If the seller sends us a counter offer, they will ONLY counter the items they want CHANGED from the original Purchase Agreement. If an item is not mentioned in the counter offer, that means they are ok with it, and it carries over legally in the agreement.
You can then either: sign and accept their counter offer, OR send a counter offer back to them. This can go back and forth until both parties are satisfied.
TAKE NOTE: Nothing is officially "accepted" or "countered" until the signed document has been delivered from agent to agent via email. An offer or counter offer may be rescinded at any time prior to the delivery of the signed, accepted document. You are bound to the acceptance of the offer after 3 days have passed, or if submitted to attorney within 3 days you are bound after the attorney review is accepted.
