SALE CONTRACT COUNTEROFFER 1 Initiated By Seller or Buyer 2026

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  1. Click ‘Get Form’ to open the SALE CONTRACT COUNTEROFFER in the editor.
  2. Begin by selecting whether the counteroffer is initiated by the Seller or Buyer. This is crucial as it sets the context for the entire document.
  3. Fill in the details of the original Sale Contract, including the property address and date. Ensure accuracy to avoid any legal complications.
  4. In the section labeled 'The Sale Contract Shall Be Changed As Follows', specify any changes to terms from previous counteroffers. Clearly indicate paragraph numbers and line items that are being modified.
  5. Attach any additional pages if necessary, ensuring they are referenced correctly within the counteroffer.
  6. Set an expiration date for acceptance of this counteroffer, making sure it is clear and visible.
  7. Finally, gather signatures from all parties involved, ensuring that printed names and dates are included for clarity.

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Understanding Acceptance and Legally Binding Agreements Acceptance can be either oral or in writing, and it must exactly mirror the original offer made. If any changes are proposed to the initial offer, it is considered a counter-offer, not an acceptance.
In the home buying process, a counteroffer is an offer made in response to the original bid. When a seller gets an offer, they can choose to accept, reject or counter. In return, if the seller makes a counter, a buyer can also choose to accept, reject or counter it.
A counteroffer functions as both a rejection of an offer to enter into a contract, as well as a new offer that materially changes the terms of the original offer. Because a counteroffer serves as a rejection, it completely voids the original offer.
Seller counteroffer example A buyer submits an offer of $360,000, which is 10% less than the asking price. While the offer is aggressive and lower than what the seller was expecting, the seller courteously counters with $390,000 and agrees to pay part of the closing costs. The buyer agrees, and moves forward.
What Happens If a Counteroffer Is Rejected? If a counteroffer is rejected, you typically have two options: Once a counteroffer is made, the previous offer is no longer valid. If the other party rejects it, you cant accept the original offer unless they resubmit it.

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The first offer is good until the buyer withdraws it. The first offer is no longer an offer; it terminates upon the signature of the seller on the counteroffer.
A counteroffer functions as both a rejection of an offer to enter into a contract, as well as a new offer that materially changes the terms of the original offer. Because a counteroffer serves as a rejection, it completely voids the original offer. Thus, the original offer can no longer be accepted.

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