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What is an example of counter offer?

Example: Susan Seller offers to sell her house for $150,000, to be paid in 60 days; Bruce Buyer receives the offer and gives Seller a counter offer of $140,000, payable in 45 days. The original offer is dead, despite the shorter time for payment since the price is lower.

Do buyers expect a counter offer?

Unless you're being offered an amount equal to or above the full listing price, many buyers expect you to make a counteroffer \u2014 which is why a lot of people make an initial offer that's lower than the asking price. And why a lot of buyers make an initial offer that's lower than what they're ultimately willing to pay.

How do you make a counter offer on a house?

To foster a sense of competition, you should only accept offers after an open house. When making a counteroffer, put an expiration date on it to force a speedy response. If you agree to pay closing costs, then increase the purchase price.

How does a real estate counter offer work?

A counter offer is a new offer made in response to the initial offer in real estate. A counteroffer means the original offer was rejected and replaced with another one. The counteroffer gives the original offerer three options: accept the counteroffer, reject it, or make another offer.

How do you write a counter offer salary example?

I did want to let you know that I am considering a strong offer from another company right now. I have received another offer with a base salary of [$____]. I'm excited to be a part of your team and would be ready to accept your offer if you would be able to [MATCH OR EXCEED] this base salary.

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