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Offers and Counter Offers |
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Many of the offers real agents 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 included in the offer that
will require negotiation. What happens after the offer is submitted?
The seller's real estate agent will present the offer to the sellers,
along with the buyer's qualifications. If the sellers accept the offer,
then a purchase agreement is written and signed by both parties. If the
sellers counter the offer, the next action is initiated by the buyers
when they make a response, either accepting the counter offer or
countering it with yet another figure. If you want to buy a particular
house, your chances of succeeding are greater if your initial 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 a more attractive offer comes in from another buyer.
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