🏡 Counter Offer: The Art of Negotiation!
In real estate, a counter offer happens when a seller responds to a buyer’s initial offer with adjusted terms. Whether it’s price, closing date, contingencies, or other conditions, It’s a key part of the negotiation process to reach a deal that works for both sides!
Here are **two examples of real estate counter offers**—one from a **seller** and one from a **buyer**—to show how the process works in different situations:
### 🔁 **Example 1: Seller’s Counter Offer**
**Original Offer (from Buyer):**
– Purchase Price: $450,000
– Closing Date: June 30
– Seller to pay $5,000 in closing costs
– Offer contingent on home inspection
**Seller’s Counter Offer:**
> “Seller agrees to sell the property located at 123 Main Street for $465,000, with a closing date of July 15. The seller will contribute $2,500 toward buyer’s closing costs. All other terms, including the inspection contingency, remain the same.”
### 🔁 **Example 2: Buyer’s Counter Offer**
**Original Offer (from Seller):**
– Listing Price: $500,000
– Seller won’t make any repairs
– 30-day closing timeline
**Buyer’s Counter Offer:**
> “Buyer offers $490,000 for the property located at 456 Oak Lane. Buyer requests seller pay for a roof repair (estimated at $3,000) prior to closing. Buyer agrees to close within 30 days of mutual acceptance. All other terms remain as stated.”
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