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.
the 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.
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.
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.
Yes, the seller or transferor in a real estate transaction is the individual or entity that currently owns the property and is transferring their ownership rights to the buyer. This party is responsible for conveying the property title, ensuring that any liens or encumbrances are disclosed, and completing necessary legal documentation. The seller's role is crucial in facilitating the transaction and ensuring a smooth transfer of ownership.
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.
the seller of real estate
the seller
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.
Earnest money should be deposited in a real estate transaction shortly after the offer is accepted by the seller. This demonstrates the buyer's commitment to the deal and is typically held in an escrow account until the closing of the sale.
real estate agent
A seller agent in a real estate transaction is responsible for representing the interests of the seller. This includes marketing the property, negotiating offers, and guiding the seller through the selling process. The agent must act in the best interests of the seller and provide them with accurate information and advice.
If a Trust is the registered owner, then it would also be the legal seller.
Contact Seller Broker
YES, seller pays it to the brokerage(s) at closing, out of the proceeds of the sale.
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.
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.