SALE CONTRACT COUNTEROFFER 1 Initiated By Seller or Buyer: Fill out & sign online

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Is a seller obligated to counter offer?

In most cases, buyers want to be in charge of this important decision! A seller never has to respond to your offer or counter offer. Often you do get a response, but you should know that the seller isn't required to give you one. Your offer will have an expiration date and time on it.

Does a counteroffer void the original offer?

Because a counteroffer serves as a rejection, it completely voids the original offer. This means that the original offer can no longer be accepted. However, added modifications do not necessarily mean that a party made a counteroffer.

Can a seller accept another offer while counter offer?

Sellers can accept the \u201cbest\u201d offer; they can inform all potential purchasers that other offers are \u201con the table\u201d; they can \u201ccounter\u201d one offer while putting the other offers to the side awaiting a decision on the counter-offer; or they can \u201ccounter\u201d one offer and reject the others.

What happens to an initial offer from the buyer after a seller counters?

What happens to an initial offer from the buyer after a seller counters? It's no longer in play. Which offer would be the most appealing to a seller? It depends on the seller's needs and motivations.

Can you walk away from a counter offer?

What happens when a buyer rejects a counter offer? A counter offer legally voids the buyer's original offer. It typically releases them from any legal obligation they had towards the original contract, and there's nothing you can do should they choose to reject your offer.

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