Negotiating 101
Once your offer to purchase has been drafted, it will be presented to the seller as soon as possible. The seller can accept your offer, reject it, or make a counter offer.
Acceptance
An accepted offer means the seller has agreed to all the terms and conditions exactly as set forth in your offer to purchase.
Rejection
A rejected offer means the seller did not agree with any of the terms and conditions set forth in your offer to purchase.
Counter offer
A counter offer means the seller agrees with some of the terms and conditions of your offer, but not all of them.
The seller then makes a counter offer. The counter offer may change the price, the closing date, or add or delete conditions.
Once you have received a counter offer you have two choices. You can accept the new terms and conditions or reject them. If you reject them, you can choose to start the whole process over again.
