Counter-offer

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What is a Counter-offer?

In real estate, a counteroffer is a response that you give as a homebuyer or seller to reject or replace the original or initial offer. Keep in mind that no particular standards apply to counteroffers on a property or house. Also, every real estate deal will be a little different depending on the seller’s and buyer’s priorities.

Note that in many cases, a home seller can make a counteroffer if he or she is not happy or satisfied with the buyer's offer. In most cases, counteroffers tend to touch on three key overarching factors. These are convenience, price, and timing.

Examples of Counter-offer

  • Example 1: Counteroffer from the seller to buyer
  • Example 2: Counteroffer from buyer to seller

Here’s Investopedia’s definition of a counter-offer .

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ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.


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