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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.
How do you say thank you for a counter offer?
Thank you for your continued interest in our [job title] position. We have reviewed your counteroffer and are happy to accept it, including meeting your salary expectations of [requested amount]. [Include any other offer-specific details, like benefits and PTO].
How to accept a counter offer in real estate?
Accept with a contingency: If you want to accept but have specific concerns, you can accept with certain conditions, or contingencies, in place. Common real estate contingencies can be based around the title, financing, closing date and more.
How to respond to a counter offer in real estate?
A counteroffer changes one or more aspects of your original offer, and you have three options for responding: Accept the sellers counteroffer. Reject the sellers counteroffer. Present a counteroffer of your own.
How do you counter offer a contract?
When countering back and forth, each offer should present a price less than the previous offer. This conveys to the seller that the buyer is nearing the final offer. Neither party is obligated to settle until they agree on a contract, which occurs once the counteroffer is accepted.
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Heres a sample response: Dear [Employers Name], Thank you for the counteroffer and for taking the time to listen to my concerns. However, Ive decided to move forward with a new opportunity that aligns with my career goals.
How to politely decline a real estate offer?
I seller reviewed this offer and hereby reject it and sign it. Next best scenario would be creating an email, Im accepting this offer and hereby rejecting all other offers and then seller is signing it. That satisfies the written requirement.
When a counterproposal is made what happens to the original offer?
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 .
Related links
How to Counter Offer Successfully With a Strong Rationale
Dec 30, 2024 Learning how to counter offer the right way could make you more successful in getting a good deal in your next negotiation.
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