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Can seller counter offer above asking price?

Answer: The seller can counter-offer the list price with a higher price. It would be helpful to be given a reason and smart for the agent to share, if sharing does not violate any confidential information. There could be extenuating circumstances the seller (or agent) has little control over.

Is it smart to offer over asking price?

Some real estate professionals suggest offering 1% 3% more than the asking price to make the offer competitive, while others suggest simply offering a few thousand dollars more than the current highest bid.

Can buyer walk away from a counter offer?

Yes, you can walk away after making an offer on a house. Until both the seller and the buyer come to an agreement on the terms of the contract and officially sign the purchase agreement, you can back out of the offer.

What is the counter offer rule?

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.

Can you counter offer higher than listing price?

Absolutely, the seller can counter your offer above the listing price, says David Welch, a Realtor in Winter Park, FL. Whether or not the property will appraise is a different question. That, of course, is one of the difficulties of finding the right price for a home.

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