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On a real estate conteroffer does the seller sign the conter offer or wait till it's accepted?
Wiki User
∙ 14y ago
The seller can sign the counter offer as soon as he/she is prepared to accept it. However, this has to be done within the irrevocable period stipulated in the sign back. The effect is that the counter offer says "We won't pay you X, but we are willing to pay you Y." In saying this, it's up to the seller to accept the "Y" and if this is the case then the contract comes into effect at this revised price.
Wiki User
∙ 14y ago
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Who is transferor in real estate transaction?
the seller
Is there a time limit to sign a real estate contract by seller?
The time limit a seller has to sign a real estate contract will be part of the contract the buyer writes with his agent. Typically a buyer will get a recommendation from his Realtor what is customary in the local market. This can vary from giving the seller just a few hours, up to several days or more.
What is the seller when he sells his home an offeror or offeree?
The seller is the offeree. In all real estate cases, the seller will list or "put up for sale" their home or property. A buyer will then submit an offer to purchase that property making them, the offeror.
What is the seller's compensations if buyer does not keep his agreement to purchase real estate?
There are remedies available to the Seller if a buyer does not purchase the real estate as agreed in a written, fully executed contract. These are only available to the seller if the buyer has signed the contract and there are no limiting conditions such as a financial clause, inspection clause, due diligence period, etc. If the buyer breaches the contract the seller may sue to keep the buyer's deposit, sue for damages caused by the buyer breaching the contract, and may also sue for "specific performance" which would force the buyer to purchase and close on the real estate.
What is the advantage of buying real estate which says Sale by owner?
There can be many advantages to purchasing real estate from an individual seller opposed to a real estate company. The biggest advantage to buying from an individual is the ability to talk them down on the price.
Is a Florida real estate contract null and void if the seller dies?
Generally, if an offer was accepted and signed the decedent's real estate is subject to the contract and the estate representative can complete the sale once they have been appointed.
What is a Grantee record?
the seller of real estate
Who is transferor in real estate transaction?
the seller
In real estate what does Ctg stand for?
CTG is an abbreviation for "contingency". The contingency could be a house to sell, house to close, financing, or short sale. This usually means the the seller has accepted a contract based on a contingency. Depending on the type of contingency, and terms of the accepted contract, the seller may have the option to continue to show the property in search for a non contingent offer.
What is a house seller called?
real estate agent
Can a trust be listed as the seller of real estate?
If a Trust is the registered owner, then it would also be the legal seller.
What does CSB stand for in real estate?
Contact Seller Broker
Does the seller pay the real estate commission?
YES, seller pays it to the brokerage(s) at closing, out of the proceeds of the sale.
Do you put not applicable in seller financing question if there is no seller financing in a real estate sale agreement?
In USreal estate contracts the rule of thumb is to leave no blank spaces. If there is no seller financing the common practice in some locations is to put in "N/A" for not applicable.
Are the real estate commissions split between the buyer and seller?
Normally the real estate agent's commission is paid by the Seller. In over 20 years of experience I have never heard of the buyer being expected to pay real estate commissions.
Will a real estate contract be vaild if the owner dies before closing in Georgia?
The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.
When is a real estate contract valid?
When it has been signed by the buyer and seller.
