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Why is the buyer not responding to my counter offer?
The buyer may not be responding to your counter offer for various reasons, such as needing more time to consider, seeking other options, or finding the offer unacceptable. It's important to communicate with the buyer to understand their perspective and negotiate further if needed.
How might you convince a seller to accept your buyer client's low offer?
To convince a seller to accept a low offer from your buyer client, you can highlight any potential benefits of a quick sale, such as avoiding the hassle of a prolonged listing period or the uncertainty of finding another buyer. Additionally, you can emphasize the strengths of your buyer client, such as their ability to close the deal quickly or their strong financial position. It may also be helpful to provide comparables and market data to support the offer price.
What happens when an initial offer is answered with a counter offer?
When an initial offer is answered with a counter offer, it means that the recipient of the offer is proposing different terms or conditions than what was originally suggested. This can lead to a negotiation process where both parties try to reach a mutually acceptable agreement.
What is the effect of a counter offer on the original offer?
the original offer is revoked by counter offer
Does Zelle offer buyer protection for transactions?
Yes, Zelle does not offer buyer protection for transactions.
Does buyer or seller provide Purchase and Sale Agreement in Real Estate transaction?
In a normal real estate transaction, the buyer or his agent would present the Offer to Purchase to the seller for him to either accept of alter, creating a counter offer. If the offer is acceptable, the seller then signs it, which is referred to as Acceptance.
Why is the buyer not responding to my counter offer?
The buyer may not be responding to your counter offer for various reasons, such as needing more time to consider, seeking other options, or finding the offer unacceptable. It's important to communicate with the buyer to understand their perspective and negotiate further if needed.
What is meant by counter offer with reference to decided cases?
A counter offer is where one party rejects the original offer and makes an offer of his own. The original offer is rejected and the party that made the original offer must accept the counter offer or there cannot be a contract.
Is there a contract when the buyer changes the offer?
Generally where one party in negotiation of an agreement changes the offer, they are actually rejecting the first offer and giving the other party a counter-offer. There is no contract unless the the other party accepts the counter-offer and there is consideration for the promise.
What is meant by offer with reference to decided cases?
A counter offer is where one party rejects the original offer and makes an offer of his own. The original offer is rejected and the party that made the original offer must accept the counter offer or there cannot be a contract.
What is the meaning of under offer in house buying?
It means that the vendor already made an offer of the house but the buyer has not finally decided whether to accept it.
How might you convince a seller to accept your buyer client's low offer?
To convince a seller to accept a low offer from your buyer client, you can highlight any potential benefits of a quick sale, such as avoiding the hassle of a prolonged listing period or the uncertainty of finding another buyer. Additionally, you can emphasize the strengths of your buyer client, such as their ability to close the deal quickly or their strong financial position. It may also be helpful to provide comparables and market data to support the offer price.
Can a Seller break a real estate Offer to Purchase?
One cannot break an offer. An offer is simply that, an offer. Normally in the process of purchasing real property, a buyer makes an offer to the seller. The seller may then accept that offer, reject that offer, or reject that offer and make a counter offer. Typically, an offer is met with a counter-offer, and the process goes back and forth until one party accepts the other's offer. When the offer has been accepted, a contract has been formed. Should a party enter into a contract and later break that contract, they are subject to the conditions of the contract. (Written in the text of the offer and acceptance.) This is only relevant if one party has made an offer and another party has accepted that offer. Real estate contracts generally include conditions, such as inspection and financing, that allow a party to exit the contract if these things are not satisfactory. When one party has made an offer, they are under no obligation to leave that offer open for any period of time. If a buyer makes an offer to a seller, and the seller has not responded yet, the buyer may withdraw the offer for any reason.
What happens when an initial offer is answered with a counter offer?
When an initial offer is answered with a counter offer, it means that the recipient of the offer is proposing different terms or conditions than what was originally suggested. This can lead to a negotiation process where both parties try to reach a mutually acceptable agreement.
What is the effect of a counter offer on the original offer?
the original offer is revoked by counter offer
What happens during a condo sale?
During a sale of a Condo are firstly to make the property ready for sale. Next you need to find a buyer and accept the best offer. Once you have chosen the buyer and they agree to continue you should appoint your lawyer and advise your bank if you have a mortgage. Finally if this was your home you will need to find somewhere else to live yourself
What does contingent with kick out mean?
"Contingent with kick-out" refers to a real estate agreement where a buyer's offer is accepted, but it includes a contingency that allows the seller to continue marketing the property. If the seller receives a better offer, they can "kick out" the original buyer, typically giving them a specified timeframe to remove their contingency and proceed with the sale. If the original buyer cannot do so within that timeframe, the seller is free to accept the new offer.
