Doing the Counter-offer Dance
Each offer submitted is a counter-offer. When the selling side receives one or more, the choices are to immediately accept, modify slightly or outright reject. This may include changes to the sale price, closing date or other contingencies.
Everything in real estate is negotiable but writing a strong offer up front may net desired results quicker. Of course, it also depends on whether the market is brisk and ultra-competitive when other buyers make it a multi-offer situation.
Most offers do not meet the sellers expectations so negotiations may be ongoing. Even if an offer is accepted, changing the closing date and it becomes a counter offer. The give-and-take is a standard part of the transaction process.
So, when submitting an offer on behalf of clients, keep in mind that you need to learn to do the counter dance. And one and two and back and forth.
Repeat! 🎵 🎶 🎵
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